... month effect). To the best of the author's knowledge, this is the first empirical investigation on weather and stock market returns relationship for Portugal. © Emerald Group Publishing Limited 2011 Portugal Meteorology Temperature Stock returns Volatility Statistical distribution...

... Statistical distribution An alternative approach is based on the model proposed by Bollerslev (1990) . This model assumes the conditional correlation to be constant which is implausible given the likelihood of stochastic correlation between stock and foreign exchange markets. In the context...