Ying, Cheng; Härdle, Wolfgang; Seok-Oh, Jeong - Center for Applied Statistics and Economics <Berlin> - 2005
financial markets is to measure and
manage risks properly. After the breakdown of the fixed exchange rate system of the
Bretton … Woods Agreement in 1971, a sudden increase of volatility was observed in the
financial markets. The following boom of … with the normal distribution.
In financial markets, it is more interesting and challenging to measure the risk levels
of …