three important issues: (i) demonstrates that DCC is, in fact, a dynamic conditional covariance model of the returns shocks … standardization of the conditional covariance model to obtain the conditional correlation model; and (iii) shows that the appropriate …

) demonstrates that DCC is, in fact, a dynamic conditional covariance model of the returns shocks rather than a dynamic conditional … correlation model; (ii) provides the motivation, which is presently missing, for standardization of the conditional covariance …

three important issues: (i) demonstrates that DCC is, in fact, a dynamic conditional covariance model of the returns shocks … standardization of the conditional covariance model to obtain the conditional correlation model; and (iii) shows that the appropriate …

conditions that ensure covariance stationary or returns, are established. The model is applied to modeling the conditional … covariance data of large U.S. financial institutions during the financial crisis, where empirical results show that the new model …

three important issues: (i) demonstrates that DCC is, in fact, a dynamic conditional covariance model of the returns shocks … standardization of the conditional covariance model to obtain the conditional correlation model; and (iii) shows that the appropriate …