TY  - RPRT
AU  - McAleer, Michael
PY  - 2019
SN  - 2341-2356
UR  - https://hdl.handle.net/20.500.14352/17472
AB  - In order to hedge efficiently, persistently high negative covariances or, equivalently, correlations, between risky assets and the hedging instruments are intended to mitigate against financial risk and subsequent losses. If there is more than one...
LA  - eng
A3  - Facultad de CC Económicas y Empresariales. Instituto Complutense de Análisis Económico (ICAE)
KW  - Hedging
KW  - Covariances
KW  - Correlations
KW  - Existence
KW  - Mathematical regularity
KW  - Invertibility
KW  - Likelihood function
KW  - Statistical asymptotic properties
KW  - Caveats
KW  - Practical implementation.
TI  - What They Did Not Tell You About Algebraic (Non-)Existence, Mathematical (IR-)Regularity and (Non-)Asymptotic Properties of the Dynamic Conditional Correlation (DCC) Model
TY  - technical report
VL  - 2019
ER  -