Kring, Sebastian; Rachev, Svetlozar T.; Höchstötter, … - In: Econometrics Journal 12 (2009) 2, pp. 272-291
In the study of asset returns, the preponderance of empirical evidence finds that return distributions are not normally distributed. Despite this evidence, non-normal multivariate modelling of asset returns does not appear to play an important role in asset management or risk management because...
