Is Commodity - Dependence Pessimism Justified ?
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چکیده
منابع مشابه
Commodity and equity markets: Some stylized facts from a copula approach
In this paper, we propose to identify the dependence structure that exists between returns on equity and commodity futures and its development over the past 20 years. The key point is that we do not impose any dependence structure, but let the data select it. To do so, we model the dependence between commodity (metal, agriculture and energy) and stock markets using a flexible approach that allo...
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