{"product_id":"stochastic-volatility-in-financial-markets-crossing-the-bridge-to-continuous-time-9780792378426","title":"Stochastic Volatility in Financial Markets: Crossing the Bridge to Continuous Time","description":"\u003cem\u003eStochastic Volatility in Financial Markets\u003c\/em\u003e presents advanced topics in financial econometrics and theoretical finance, and is divided into three main parts. The first part aims at documenting an empirical regularity of financial price changes: the occurrence of sudden and persistent changes of financial markets volatility. This phenomenon, technically termed  stochastic volatility', or  conditional heteroskedasticity', has been well known for at least 20 years; in this part, further, useful theoretical properties of conditionally heteroskedastic models are uncovered. The second part goes beyond the statistical aspects of stochastic volatility models: it constructs and uses new fully articulated, theoretically-sounded financial asset pricing models that allow for the presence of conditional heteroskedasticity. The third part shows how the inclusion of the statistical aspects of stochastic volatility in a rigorous economic scheme can be faced from an empirical standpoint.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Antonio Mele, Fabio Fornari\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Springer\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/31\/2000\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 147\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.91lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.48h x 6.38w x 0.61d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780792378426\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Springer","offers":[{"title":"Hardcover","offer_id":40938948034675,"sku":"9.78079E+12","price":164.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_402a3eb8-b2e2-4ff3-a417-666e158b40a5.jpg?v=1693403066","url":"https:\/\/bookstorenmore.com\/en-de\/products\/stochastic-volatility-in-financial-markets-crossing-the-bridge-to-continuous-time-9780792378426","provider":"Bookstore N More","version":"1.0","type":"link"}