{"product_id":"9781461370451","title":"Stochastic Volatility in Financial Markets: Crossing the Bridge to Continuous Time","description":"\u003ch1\u003eStochastic Volatility in Financial Markets: Crossing the Bridge to Continuous Time\u003c\/h1\u003e \u003ch2\u003eMele, Antonio; Fornari, Fabio\u003c\/h2\u003e \u003cp\u003e\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\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-10-26\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003e ISBN-10: 9781461370451\u003c\/p\u003e \u003cp\u003eISBN-13: 9781461370451\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4615-4533-0\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 147\u003c\/p\u003e ","brand":"Springer","offers":[{"title":"Default Title","offer_id":44359141916812,"sku":"9781461370451","price":99.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781461370451.jpg?v=1755102375","url":"https:\/\/lateknightbooks.com\/products\/9781461370451","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}