condition on the discounted risky asset prices that guarantee absence of arbitrage in this setting. We give examples that …

range-based covariance estimator that is motivated by financial economic considerations (the absence of arbitrage), in …

range-based covariance estimator that is motivated by financial economic considerations (the absence of arbitrage), in …

range-based covariance estimator that is motivated by financial economic considerations (the absence of arbitrage), in … estimator that is motivated by financial economic considerations (the absence of arbitrage), in addition to statistical …, absence of arbitrage, exchange rates, stock returns, bond returns, bid-ask bounce, asynchronous trading 1 The …

Empirical modeling of the yield curve is often inconsistent with absence of arbitrage. In fact, many parsimonious … models, like the popular Nelson-Siegel model, are inconsistent with absence of arbitrage. In other cases, arbitrage …

of arbitrage in security prices. Under the null hypothesis that the aggregate cumulative dividend-price process follows a …This paper provides a methodology for measuring stock market performance based on the restrictions provided by absence …