{"product_id":"9780792378426","title":"Stochastic Volatility in Financial Markets Crossing the Bridge to Continuous Time","description":"\u003ch3\u003eDynamic Modeling and Econometrics in Economics and Finance\u003c\/h3\u003e\u003ch1\u003eStochastic Volatility in Financial Markets\u003c\/h1\u003e\u003ch2\u003eCrossing the Bridge to Continuous Time\u003c\/h2\u003e\u003ch3\u003eAntonio Mele | Fabio Fornari\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Econometrics\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\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.\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e31 May 2000\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eSpringer US\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eSpringer\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9780792378426\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e147\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Springer US","offers":[{"title":"Default Title","offer_id":50803471810700,"sku":"9780792378426","price":98.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780792378426.jpg?v=1781753348","url":"https:\/\/lateknightbooks.com\/products\/9780792378426","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}