financial variables. Formulas for the odd moments of the skew-normal distribution have been given by Henze (1986) and, more … odd moments of the skew-normal distribution. It exploits a striking similarity between the density and the moment … generating function of a skew-normal variable and leads to an attractive expression for the odd moments. …

yield dynamic conditional correlations; DCC is stated rather than derived; DCC has no moments; DCC does not have testable …

moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic …

is not uniquely determined by its sequence of moments. Other similar families of distributions with identical moments can … dissociation between the moments of X and Y does not imply stochastic independence. and yet X and Y are not stochastically … is not uniquely determined by its sequence of moments. Other similar families of distributions with identical moments can …