Ghysels, Eric; Harvey, Andrew; Renault, Éric - Centre Interuniversitaire de Recherche en Analyse des … - 1995
This paper, prepared for the Handbook of Statistics, vol.14, Statistical Methods in Finance, surveys the subject of Stochastic Volatility. The following subjects are covered : volatility in financial markets (instantaneous volatility of asset returns, implied volatilities in option prices and...