Dynamic VaR Measurement of Gold Market with SV-T-MN Model

VaR (Value at Risk) in the gold market was measured and predicted by combining stochastic volatility (SV) model with extreme value theory. Firstly, for the fat tail and volatility persistence characteristics in gold market return series, the gold price return volatility was modeled by SV-T-MN (SV-T...

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Bibliographic Details
Main Authors: Fenglan Li, Jie Wang, Liyun Su, Bao Yang
Format: Article
Language:English
Published: Wiley 2017-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2017/5183914
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