{"product_id":"9781461370451-stochastic-volatility-in-financial-markets","title":"Stochastic Volatility in Financial Markets","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003eCrossing the Bridge to Continuous Time\u003cbr\u003e\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.\u003cbr\u003e\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\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":59200039190902,"sku":"9781461370451","price":108.21,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/orig_35610178.jpg?v=1793388060","url":"https:\/\/www.rarewaves.com\/products\/9781461370451-stochastic-volatility-in-financial-markets","provider":"Rarewaves.com","version":"1.0","type":"link"}