A Review of Stochastic Volatility Processes: Properties and Implications

Financial Engineering Research Center, Athens University of Economics and Business (AUEB), in Athens, Greece. dpsycho@aueb.gr

Lecturer in the Department of Banking and Financial Management at the University of Piraeus, Greece, an associate research fellow at the Financial Options Research Centre, Warwick Business School, University of Warwick, U.K., and an ADEX research fellow in Financial Engineering at AUEB in Athens, Greece. agskiado@unipi.gr

Centre for Financial Studies and Research at the University of Athens, Greece. p.alexakis@ase.gr