from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model. … moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic … properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC …

from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model. … moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic … properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC …

from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model. … moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic … properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC …

from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model. … moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic … properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC …

from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model. … moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic … properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC …

from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model. … moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic … properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC …

from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model. … moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic … properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC …

yield dynamic conditional correlations; DCC is stated rather than derived; DCC has no moments; DCC does not have testable … of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC is not dynamic empirically as … the effect of news is typically extremely small; DCC cannot be distinguished empirically from diagonal BEKK in small …