to address this issue and to gain insights on the volatility patterns of CDS spreads, bond yield spreads and stock prices … concentrate on modeling the conditional mean. However, financial time series exhibit certain stylized features such as volatility … creditworthiness of debtors more reliably. The obtained findings suggest that volatility takes a significant higher level in times of …

significant degree of leptokurtosis, thus prevalence of tail-risks, in the conditional volatility series of such variables in the …. -- Regeln der Geldpolitik ; Tail-Risks ; Euro-Konvergenz ; weltweite Finanzkrise ; Vermögensrisiko ; Zinsrisiko …