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Keywords: Asymmetric effect
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Journal Articles
Journal Articles
International Journal of Emerging Markets (2015) 10 (3): 448–473.
Published: 20 July 2015
... models, including standard GARCH-M, EGARCH-M and GJR-GARCH-M. Additionally, stock returns of Shanghai exhibit a more significant asymmetric effect than that of Shenzhen, i.e., positive and negative innovations of the stock returns have different impact on the conditional volatility. However...

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