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Keywords: Bivariate GARCH model
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Journal Articles
Journal Articles
Journal of Derivatives and Quantitative Studies: Seonmul yeon’gu (2002) 10 (1): 55–80.
Published: 31 May 2002
... because futures and cash returns may affect each other contemporaneously. Secondly, a bivariate GARCH model is used because the lead-lag relationships between the two markets should consider not only return itself but also return volatility. The results from the first regression suggest that KOSPI200...

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