TY  - RPRT
AU  - McAleer, Michael
PY  - 2019
SN  - 2341-2356
UR  - https://hdl.handle.net/20.500.14352/17473
AB  - Persistently high negative covariances between risky assets and hedging instruments are intended to mitigate against risk and subsequent financial losses. In the event of having more than one hedging instrument, multivariate covariances need to be...
LA  - eng
A3  - Facultad de CC Económicas y Empresariales. Instituto Complutense de Análisis Económico (ICAE)
KW  - Hedging
KW  - Covariances
KW  - Existence
KW  - Mathematical regularity
KW  - Inevitability
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 Full BEKK Dynamic Conditional Covariance Model
TY  - technical report
VL  - 2019
ER  -