id	sid	tid	token	lemma	pos
dem-1054	1	1	dynamic	dynamic	ADJ
dem-1054	1	2	econometric	econometric	ADJ
dem-1054	1	3	models	model	NOUN
dem-1054	1	4	©	©	PROPN
dem-1054	1	5	2012	2012	NUM
dem-1054	1	6	nicolaus	nicolaus	PROPN
dem-1054	1	7	copernicus	copernicus	PROPN
dem-1054	1	8	university	university	PROPN
dem-1054	1	9	press	press	NOUN
dem-1054	1	10	.	.	PUNCT
dem-1054	2	1	all	all	DET
dem-1054	2	2	rights	right	NOUN
dem-1054	2	3	reserved	reserve	VERB
dem-1054	2	4	.	.	PUNCT
dem-1054	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-1054	3	2	dynamic	dynamic	ADJ
dem-1054	3	3	econometric	econometric	ADJ
dem-1054	3	4	models	model	NOUN
dem-1054	3	5	vol	vol	NOUN
dem-1054	3	6	.	.	PROPN
dem-1054	4	1	12	12	NUM
dem-1054	4	2	(	(	PUNCT
dem-1054	4	3	2012	2012	NUM
dem-1054	4	4	)	)	PUNCT
dem-1054	4	5	89−103	89−103	NOUN
dem-1054	4	6	submitted	submit	VERB
dem-1054	4	7	october	october	PROPN
dem-1054	4	8	23	23	NUM
dem-1054	4	9	,	,	PUNCT
dem-1054	4	10	2011	2011	NUM
dem-1054	4	11	issn	issn	PROPN
dem-1054	4	12	accepted	accept	VERB
dem-1054	4	13	october	october	PROPN
dem-1054	4	14	29	29	NUM
dem-1054	4	15	,	,	PUNCT
dem-1054	4	16	2012	2012	NUM
dem-1054	4	17	1234	1234	NUM
dem-1054	4	18	-	-	SYM
dem-1054	4	19	3862	3862	NUM
dem-1054	4	20	dominik	dominik	NOUN
dem-1054	4	21	krężołek	krężołek	PROPN
dem-1054	4	22	*	*	PROPN
dem-1054	4	23	non	non	ADJ
dem-1054	4	24	-	-	ADJ
dem-1054	4	25	classical	classical	ADJ
dem-1054	4	26	measures	measure	NOUN
dem-1054	4	27	of	of	ADP
dem-1054	4	28	investment	investment	NOUN
dem-1054	4	29	risk	risk	NOUN
dem-1054	4	30	on	on	ADP
dem-1054	4	31	the	the	DET
dem-1054	4	32	market	market	NOUN
dem-1054	4	33	of	of	ADP
dem-1054	4	34	precious	precious	ADJ
dem-1054	4	35	non	non	ADJ
dem-1054	4	36	-	-	ADJ
dem-1054	4	37	ferrous	ferrous	ADJ
dem-1054	4	38	metals	metal	NOUN
dem-1054	4	39	using	use	VERB
dem-1054	4	40	the	the	DET
dem-1054	4	41	methodology	methodology	NOUN
dem-1054	4	42	of	of	ADP
dem-1054	4	43	stable	stable	ADJ
dem-1054	4	44	distributions†	distributions†	PROPN
dem-1054	4	45	a	a	DET
dem-1054	4	46	b	b	PROPN
dem-1054	4	47	s	s	ADP
dem-1054	4	48	t	t	PROPN
dem-1054	4	49	r	r	NOUN
dem-1054	4	50	a	a	DET
dem-1054	4	51	c	c	NOUN
dem-1054	4	52	t.	t.	NOUN
dem-1054	4	53	the	the	DET
dem-1054	4	54	aim	aim	NOUN
dem-1054	4	55	of	of	ADP
dem-1054	4	56	this	this	DET
dem-1054	4	57	article	article	NOUN
dem-1054	4	58	is	be	AUX
dem-1054	4	59	to	to	PART
dem-1054	4	60	present	present	VERB
dem-1054	4	61	some	some	DET
dem-1054	4	62	non	non	ADJ
dem-1054	4	63	-	-	ADJ
dem-1054	4	64	classical	classical	ADJ
dem-1054	4	65	risk	risk	NOUN
dem-1054	4	66	measures	measure	NOUN
dem-1054	4	67	which	which	PRON
dem-1054	4	68	are	be	AUX
dem-1054	4	69	commonly	commonly	ADV
dem-1054	4	70	used	use	VERB
dem-1054	4	71	in	in	ADP
dem-1054	4	72	financial	financial	ADJ
dem-1054	4	73	investments	investment	NOUN
dem-1054	4	74	,	,	PUNCT
dem-1054	4	75	including	include	VERB
dem-1054	4	76	investments	investment	NOUN
dem-1054	4	77	in	in	ADP
dem-1054	4	78	assets	asset	NOUN
dem-1054	4	79	from	from	ADP
dem-1054	4	80	the	the	DET
dem-1054	4	81	market	market	NOUN
dem-1054	4	82	of	of	ADP
dem-1054	4	83	precious	precious	ADJ
dem-1054	4	84	non	non	ADJ
dem-1054	4	85	-	-	ADJ
dem-1054	4	86	ferrous	ferrous	ADJ
dem-1054	4	87	metals	metal	NOUN
dem-1054	4	88	.	.	PUNCT
dem-1054	5	1	the	the	DET
dem-1054	5	2	time	time	NOUN
dem-1054	5	3	series	series	PROPN
dem-1054	5	4	of	of	ADP
dem-1054	5	5	log	log	NOUN
dem-1054	5	6	-	-	PUNCT
dem-1054	5	7	returns	return	NOUN
dem-1054	5	8	of	of	ADP
dem-1054	5	9	gold	gold	NOUN
dem-1054	5	10	,	,	PUNCT
dem-1054	5	11	silver	silver	NOUN
dem-1054	5	12	,	,	PUNCT
dem-1054	5	13	platinum	platinum	NOUN
dem-1054	5	14	and	and	CCONJ
dem-1054	5	15	palladium	palladium	NOUN
dem-1054	5	16	prices	price	NOUN
dem-1054	5	17	are	be	AUX
dem-1054	5	18	considered	consider	VERB
dem-1054	5	19	.	.	PUNCT
dem-1054	6	1	to	to	PART
dem-1054	6	2	properly	properly	ADV
dem-1054	6	3	asses	asse	VERB
dem-1054	6	4	the	the	DET
dem-1054	6	5	investment	investment	NOUN
dem-1054	6	6	risk	risk	VERB
dem-1054	6	7	the	the	DET
dem-1054	6	8	measures	measure	NOUN
dem-1054	6	9	based	base	VERB
dem-1054	6	10	on	on	ADP
dem-1054	6	11	value	value	NOUN
dem-1054	6	12	-	-	PUNCT
dem-1054	6	13	at	at	ADP
dem-1054	6	14	-	-	PUNCT
dem-1054	6	15	risk	risk	NOUN
dem-1054	6	16	methodology	methodology	NOUN
dem-1054	6	17	have	have	AUX
dem-1054	6	18	been	be	AUX
dem-1054	6	19	used	use	VERB
dem-1054	6	20	(	(	PUNCT
dem-1054	6	21	the	the	DET
dem-1054	6	22	var	var	PROPN
dem-1054	6	23	estimation	estimation	NOUN
dem-1054	6	24	approach	approach	NOUN
dem-1054	6	25	based	base	VERB
dem-1054	6	26	on	on	ADP
dem-1054	6	27	values	value	NOUN
dem-1054	6	28	from	from	ADP
dem-1054	6	29	the	the	DET
dem-1054	6	30	tail	tail	NOUN
dem-1054	6	31	of	of	ADP
dem-1054	6	32	the	the	DET
dem-1054	6	33	distribution	distribution	NOUN
dem-1054	6	34	)	)	PUNCT
dem-1054	6	35	.	.	PUNCT
dem-1054	7	1	additionally	additionally	ADV
dem-1054	7	2	,	,	PUNCT
dem-1054	7	3	the	the	DET
dem-1054	7	4	measure	measure	NOUN
dem-1054	7	5	comparing	compare	VERB
dem-1054	7	6	expected	expect	VERB
dem-1054	7	7	profits	profit	NOUN
dem-1054	7	8	to	to	PART
dem-1054	7	9	expected	expect	VERB
dem-1054	7	10	losses	loss	NOUN
dem-1054	7	11	from	from	ADP
dem-1054	7	12	the	the	DET
dem-1054	7	13	opposite	opposite	ADJ
dem-1054	7	14	tails	tail	NOUN
dem-1054	7	15	distribution	distribution	NOUN
dem-1054	7	16	has	have	AUX
dem-1054	7	17	been	be	AUX
dem-1054	7	18	shown	show	VERB
dem-1054	7	19	–	–	PUNCT
dem-1054	7	20	the	the	DET
dem-1054	7	21	rachev	rachev	ADJ
dem-1054	7	22	ratio	ratio	NOUN
dem-1054	7	23	.	.	PUNCT
dem-1054	8	1	it	it	PRON
dem-1054	8	2	was	be	AUX
dem-1054	8	3	assumed	assume	VERB
dem-1054	8	4	that	that	SCONJ
dem-1054	8	5	the	the	DET
dem-1054	8	6	log	log	NOUN
dem-1054	8	7	-	-	PUNCT
dem-1054	8	8	returns	return	NOUN
dem-1054	8	9	of	of	ADP
dem-1054	8	10	presented	present	VERB
dem-1054	8	11	assets	asset	NOUN
dem-1054	8	12	belong	belong	VERB
dem-1054	8	13	to	to	ADP
dem-1054	8	14	the	the	DET
dem-1054	8	15	family	family	NOUN
dem-1054	8	16	of	of	ADP
dem-1054	8	17	stable	stable	ADJ
dem-1054	8	18	distributions	distribution	NOUN
dem-1054	8	19	.	.	PUNCT
dem-1054	9	1	the	the	DET
dem-1054	9	2	results	result	NOUN
dem-1054	9	3	confirm	confirm	VERB
dem-1054	9	4	the	the	DET
dem-1054	9	5	validity	validity	NOUN
dem-1054	9	6	of	of	ADP
dem-1054	9	7	the	the	DET
dem-1054	9	8	use	use	NOUN
dem-1054	9	9	of	of	ADP
dem-1054	9	10	stable	stable	ADJ
dem-1054	9	11	distributions	distribution	NOUN
dem-1054	9	12	to	to	PART
dem-1054	9	13	asses	asse	VERB
dem-1054	9	14	the	the	DET
dem-1054	9	15	risk	risk	NOUN
dem-1054	9	16	on	on	ADP
dem-1054	9	17	the	the	DET
dem-1054	9	18	precious	precious	ADJ
dem-1054	9	19	non	non	ADJ
dem-1054	9	20	-	-	ADJ
dem-1054	9	21	ferrous	ferrous	ADJ
dem-1054	9	22	metals	metal	NOUN
dem-1054	9	23	market	market	NOUN
dem-1054	9	24	.	.	PUNCT
dem-1054	10	1	k	k	PROPN
dem-1054	10	2	e	e	PROPN
dem-1054	10	3	y	y	PROPN
dem-1054	10	4	w	w	NOUN
dem-1054	10	5	o	o	NOUN
dem-1054	10	6	r	r	NOUN
dem-1054	10	7	d	d	PROPN
dem-1054	10	8	s	s	NOUN
dem-1054	10	9	:	:	PUNCT
dem-1054	10	10	stable	stable	ADJ
dem-1054	10	11	distributions	distribution	NOUN
dem-1054	10	12	,	,	PUNCT
dem-1054	10	13	value	value	NOUN
dem-1054	10	14	-	-	PUNCT
dem-1054	10	15	at	at	ADP
dem-1054	10	16	-	-	PUNCT
dem-1054	10	17	risk	risk	NOUN
dem-1054	10	18	,	,	PUNCT
dem-1054	10	19	expected	expect	VERB
dem-1054	10	20	shortfall	shortfall	NOUN
dem-1054	10	21	,	,	PUNCT
dem-1054	10	22	median	median	ADJ
dem-1054	10	23	shortfall	shortfall	NOUN
dem-1054	10	24	,	,	PUNCT
dem-1054	10	25	rachev	rachev	VERB
dem-1054	10	26	ratio	ratio	NOUN
dem-1054	10	27	,	,	PUNCT
dem-1054	10	28	precious	precious	ADJ
dem-1054	10	29	metals	metal	NOUN
dem-1054	10	30	.	.	PUNCT
dem-1054	11	1	j	j	PROPN
dem-1054	11	2	e	e	PROPN
dem-1054	11	3	l	l	PROPN
dem-1054	11	4	classification	classification	NOUN
dem-1054	11	5	:	:	PUNCT
dem-1054	11	6	g11	g11	PROPN
dem-1054	11	7	,	,	PUNCT
dem-1054	11	8	c46	c46	PROPN
dem-1054	11	9	.	.	PUNCT
dem-1054	12	1	introduction	introduction	NOUN
dem-1054	12	2	contemporary	contemporary	ADJ
dem-1054	12	3	financial	financial	ADJ
dem-1054	12	4	markets	market	NOUN
dem-1054	12	5	represent	represent	VERB
dem-1054	12	6	very	very	ADV
dem-1054	12	7	complex	complex	ADJ
dem-1054	12	8	area	area	NOUN
dem-1054	12	9	both	both	CCONJ
dem-1054	12	10	in	in	ADP
dem-1054	12	11	terms	term	NOUN
dem-1054	12	12	of	of	ADP
dem-1054	12	13	functional	functional	ADJ
dem-1054	12	14	and	and	CCONJ
dem-1054	12	15	investigating	investigate	VERB
dem-1054	12	16	aspects	aspect	NOUN
dem-1054	12	17	.	.	PUNCT
dem-1054	13	1	there	there	PRON
dem-1054	13	2	are	be	VERB
dem-1054	13	3	many	many	ADJ
dem-1054	13	4	ways	way	NOUN
dem-1054	13	5	to	to	PART
dem-1054	13	6	increase	increase	VERB
dem-1054	13	7	the	the	DET
dem-1054	13	8	value	value	NOUN
dem-1054	13	9	of	of	ADP
dem-1054	13	10	invested	invest	VERB
dem-1054	13	11	capital	capital	NOUN
dem-1054	13	12	,	,	PUNCT
dem-1054	13	13	i.e.	i.e.	X
dem-1054	13	14	investments	investment	NOUN
dem-1054	13	15	in	in	ADP
dem-1054	13	16	securities	security	NOUN
dem-1054	13	17	,	,	PUNCT
dem-1054	13	18	real	real	ADJ
dem-1054	13	19	estate	estate	NOUN
dem-1054	13	20	,	,	PUNCT
dem-1054	13	21	works	work	NOUN
dem-1054	13	22	of	of	ADP
dem-1054	13	23	art	art	NOUN
dem-1054	13	24	,	,	PUNCT
dem-1054	13	25	precious	precious	ADJ
dem-1054	13	26	metals	metal	NOUN
dem-1054	13	27	,	,	PUNCT
dem-1054	13	28	etc	etc	X
dem-1054	13	29	.	.	X
dem-1054	14	1	nevertheless	nevertheless	ADV
dem-1054	14	2	,	,	PUNCT
dem-1054	14	3	every	every	DET
dem-1054	14	4	possibility	possibility	NOUN
dem-1054	14	5	in	in	ADP
dem-1054	14	6	investing	invest	VERB
dem-1054	14	7	money	money	NOUN
dem-1054	14	8	is	be	AUX
dem-1054	14	9	related	relate	VERB
dem-1054	14	10	to	to	ADP
dem-1054	14	11	uncertainty	uncertainty	NOUN
dem-1054	14	12	and	and	CCONJ
dem-1054	14	13	risk	risk	NOUN
dem-1054	14	14	.	.	PUNCT
dem-1054	15	1	since	since	SCONJ
dem-1054	15	2	2007	2007	NUM
dem-1054	15	3	the	the	DET
dem-1054	15	4	world	world	NOUN
dem-1054	15	5	economy	economy	NOUN
dem-1054	15	6	is	be	AUX
dem-1054	15	7	facing	face	VERB
dem-1054	15	8	a	a	DET
dem-1054	15	9	financial	financial	ADJ
dem-1054	15	10	crisis	crisis	NOUN
dem-1054	15	11	resulting	result	VERB
dem-1054	15	12	mainly	mainly	ADV
dem-1054	15	13	from	from	ADP
dem-1054	15	14	the	the	DET
dem-1054	15	15	situation	situation	NOUN
dem-1054	15	16	on	on	ADP
dem-1054	15	17	the	the	DET
dem-1054	15	18	u.s	u.s	PROPN
dem-1054	15	19	.	.	PROPN
dem-1054	15	20	mortgage	mortgage	NOUN
dem-1054	15	21	market	market	NOUN
dem-1054	15	22	.	.	PUNCT
dem-1054	16	1	this	this	DET
dem-1054	16	2	situation	situation	NOUN
dem-1054	16	3	has	have	AUX
dem-1054	16	4	rapidly	rapidly	ADV
dem-1054	16	5	spread	spread	VERB
dem-1054	16	6	to	to	ADP
dem-1054	16	7	other	other	ADJ
dem-1054	16	8	markets	market	NOUN
dem-1054	16	9	.	.	PUNCT
dem-1054	17	1	the	the	DET
dem-1054	17	2	potential	potential	ADJ
dem-1054	17	3	impact	impact	NOUN
dem-1054	17	4	of	of	ADP
dem-1054	17	5	the	the	DET
dem-1054	17	6	crisis	crisis	NOUN
dem-1054	17	7	*	*	PUNCT
dem-1054	17	8	correspondence	correspondence	NOUN
dem-1054	17	9	to	to	ADP
dem-1054	17	10	:	:	PUNCT
dem-1054	17	11	dominik	dominik	PROPN
dem-1054	17	12	krężołek	krężołek	PROPN
dem-1054	17	13	,	,	PUNCT
dem-1054	17	14	department	department	NOUN
dem-1054	17	15	of	of	ADP
dem-1054	17	16	demography	demography	NOUN
dem-1054	17	17	and	and	CCONJ
dem-1054	17	18	economic	economic	ADJ
dem-1054	17	19	statistics	statistic	NOUN
dem-1054	17	20	,	,	PUNCT
dem-1054	17	21	university	university	NOUN
dem-1054	17	22	of	of	ADP
dem-1054	17	23	economics	economic	NOUN
dem-1054	17	24	in	in	ADP
dem-1054	17	25	katowice	katowice	PROPN
dem-1054	17	26	,	,	PUNCT
dem-1054	17	27	ul	ul	INTJ
dem-1054	17	28	.	.	PUNCT
dem-1054	17	29	bogucicka	bogucicka	NOUN
dem-1054	17	30	14	14	NUM
dem-1054	17	31	,	,	PUNCT
dem-1054	17	32	building	build	VERB
dem-1054	17	33	„	„	PUNCT
dem-1054	17	34	d	d	NOUN
dem-1054	17	35	”	"	PUNCT
dem-1054	17	36	,	,	PUNCT
dem-1054	17	37	40	40	NUM
dem-1054	17	38	-	-	SYM
dem-1054	17	39	226	226	NUM
dem-1054	17	40	katowice	katowice	PROPN
dem-1054	17	41	,	,	PUNCT
dem-1054	17	42	poland	poland	PROPN
dem-1054	17	43	,	,	PUNCT
dem-1054	17	44	e	e	NOUN
dem-1054	17	45	-	-	NOUN
dem-1054	17	46	mail	mail	NOUN
dem-1054	17	47	:	:	PUNCT
dem-1054	17	48	dominik.krezolek@ue.katowice.pl	dominik.krezolek@ue.katowice.pl	PROPN
dem-1054	17	49	†	†	PROPN
dem-1054	17	50	research	research	NOUN
dem-1054	17	51	supported	support	VERB
dem-1054	17	52	by	by	ADP
dem-1054	17	53	the	the	DET
dem-1054	17	54	grant	grant	NOUN
dem-1054	17	55	number	number	NOUN
dem-1054	17	56	kbn	kbn	PROPN
dem-1054	17	57	:	:	PUNCT
dem-1054	17	58	n	n	PROPN
dem-1054	17	59	n111	n111	PROPN
dem-1054	17	60	299838	299838	NUM
dem-1054	17	61	dominik	dominik	X
dem-1054	17	62	krężołek	krężołek	PROPN
dem-1054	17	63	dynamic	dynamic	ADJ
dem-1054	17	64	econometric	econometric	ADJ
dem-1054	17	65	models	model	NOUN
dem-1054	17	66	12	12	NUM
dem-1054	17	67	(	(	PUNCT
dem-1054	17	68	2012	2012	NUM
dem-1054	17	69	)	)	PUNCT
dem-1054	17	70	89–103	89–103	NUM
dem-1054	17	71	90	90	NUM
dem-1054	17	72	and	and	CCONJ
dem-1054	17	73	the	the	DET
dem-1054	17	74	hedging	hedging	NOUN
dem-1054	17	75	methods	method	NOUN
dem-1054	17	76	against	against	ADP
dem-1054	17	77	its	its	PRON
dem-1054	17	78	extension	extension	NOUN
dem-1054	17	79	have	have	AUX
dem-1054	17	80	become	become	VERB
dem-1054	17	81	the	the	DET
dem-1054	17	82	topic	topic	NOUN
dem-1054	17	83	of	of	ADP
dem-1054	17	84	fervent	fervent	ADJ
dem-1054	17	85	discussions	discussion	NOUN
dem-1054	17	86	both	both	CCONJ
dem-1054	17	87	among	among	ADP
dem-1054	17	88	politicians	politician	NOUN
dem-1054	17	89	,	,	PUNCT
dem-1054	17	90	practitioners	practitioner	NOUN
dem-1054	17	91	and	and	CCONJ
dem-1054	17	92	scientists	scientist	NOUN
dem-1054	17	93	.	.	PUNCT
dem-1054	18	1	from	from	ADP
dem-1054	18	2	the	the	DET
dem-1054	18	3	scientific	scientific	ADJ
dem-1054	18	4	point	point	NOUN
dem-1054	18	5	of	of	ADP
dem-1054	18	6	view	view	NOUN
dem-1054	18	7	the	the	DET
dem-1054	18	8	sudden	sudden	ADJ
dem-1054	18	9	and	and	CCONJ
dem-1054	18	10	unpredictable	unpredictable	ADJ
dem-1054	18	11	changes	change	NOUN
dem-1054	18	12	in	in	ADP
dem-1054	18	13	the	the	DET
dem-1054	18	14	research	research	NOUN
dem-1054	18	15	area	area	NOUN
dem-1054	18	16	make	make	VERB
dem-1054	18	17	inadequate	inadequate	ADJ
dem-1054	18	18	that	that	SCONJ
dem-1054	18	19	the	the	DET
dem-1054	18	20	current	current	ADJ
dem-1054	18	21	mathematical	mathematical	ADJ
dem-1054	18	22	models	model	NOUN
dem-1054	18	23	used	use	VERB
dem-1054	18	24	for	for	ADP
dem-1054	18	25	describing	describe	VERB
dem-1054	18	26	analyzed	analyze	VERB
dem-1054	18	27	reality	reality	NOUN
dem-1054	18	28	.	.	PUNCT
dem-1054	19	1	this	this	PRON
dem-1054	19	2	raises	raise	VERB
dem-1054	19	3	the	the	DET
dem-1054	19	4	necessity	necessity	NOUN
dem-1054	19	5	of	of	ADP
dem-1054	19	6	shifting	shift	VERB
dem-1054	19	7	the	the	DET
dem-1054	19	8	researcher	researcher	NOUN
dem-1054	19	9	’s	’s	PART
dem-1054	19	10	attention	attention	NOUN
dem-1054	19	11	from	from	ADP
dem-1054	19	12	a	a	DET
dem-1054	19	13	classical	classical	NOUN
dem-1054	19	14	to	to	ADP
dem-1054	19	15	non	non	ADJ
dem-1054	19	16	-	-	ADJ
dem-1054	19	17	classical	classical	ADJ
dem-1054	19	18	approach	approach	NOUN
dem-1054	19	19	.	.	PUNCT
dem-1054	20	1	similar	similar	ADJ
dem-1054	20	2	necessity	necessity	NOUN
dem-1054	20	3	also	also	ADV
dem-1054	20	4	applies	apply	VERB
dem-1054	20	5	to	to	ADP
dem-1054	20	6	the	the	DET
dem-1054	20	7	analysis	analysis	NOUN
dem-1054	20	8	of	of	ADP
dem-1054	20	9	investment	investment	NOUN
dem-1054	20	10	and	and	CCONJ
dem-1054	20	11	risk	risk	NOUN
dem-1054	20	12	.	.	PUNCT
dem-1054	21	1	the	the	DET
dem-1054	21	2	investment	investment	NOUN
dem-1054	21	3	uncertainty	uncertainty	NOUN
dem-1054	21	4	can	can	AUX
dem-1054	21	5	be	be	AUX
dem-1054	21	6	considered	consider	VERB
dem-1054	21	7	as	as	ADP
dem-1054	21	8	a	a	DET
dem-1054	21	9	derivative	derivative	NOUN
dem-1054	21	10	of	of	ADP
dem-1054	21	11	decisions	decision	NOUN
dem-1054	21	12	that	that	PRON
dem-1054	21	13	have	have	AUX
dem-1054	21	14	been	be	AUX
dem-1054	21	15	made	make	VERB
dem-1054	21	16	by	by	ADP
dem-1054	21	17	a	a	DET
dem-1054	21	18	decision	decision	NOUN
dem-1054	21	19	-	-	PUNCT
dem-1054	21	20	maker	maker	NOUN
dem-1054	21	21	and	and	CCONJ
dem-1054	21	22	understood	understand	VERB
dem-1054	21	23	as	as	ADP
dem-1054	21	24	the	the	DET
dem-1054	21	25	risky	risky	ADJ
dem-1054	21	26	ones	one	NOUN
dem-1054	21	27	,	,	PUNCT
dem-1054	21	28	with	with	ADP
dem-1054	21	29	consequences	consequence	NOUN
dem-1054	21	30	in	in	ADP
dem-1054	21	31	the	the	DET
dem-1054	21	32	future	future	NOUN
dem-1054	21	33	.	.	PUNCT
dem-1054	22	1	this	this	PRON
dem-1054	22	2	implies	imply	VERB
dem-1054	22	3	that	that	SCONJ
dem-1054	22	4	the	the	DET
dem-1054	22	5	probability	probability	NOUN
dem-1054	22	6	of	of	ADP
dem-1054	22	7	occurrence	occurrence	NOUN
dem-1054	22	8	of	of	ADP
dem-1054	22	9	some	some	DET
dem-1054	22	10	particular	particular	ADJ
dem-1054	22	11	event	event	NOUN
dem-1054	22	12	may	may	AUX
dem-1054	22	13	be	be	AUX
dem-1054	22	14	impossible	impossible	ADJ
dem-1054	22	15	to	to	PART
dem-1054	22	16	identify	identify	VERB
dem-1054	22	17	or	or	CCONJ
dem-1054	22	18	be	be	AUX
dem-1054	22	19	identified	identify	VERB
dem-1054	22	20	with	with	ADP
dem-1054	22	21	some	some	DET
dem-1054	22	22	probability	probability	NOUN
dem-1054	22	23	.	.	PUNCT
dem-1054	23	1	thus	thus	ADV
dem-1054	23	2	,	,	PUNCT
dem-1054	23	3	the	the	DET
dem-1054	23	4	significant	significant	ADJ
dem-1054	23	5	difference	difference	NOUN
dem-1054	23	6	between	between	ADP
dem-1054	23	7	risk	risk	NOUN
dem-1054	23	8	and	and	CCONJ
dem-1054	23	9	uncertainty	uncertainty	NOUN
dem-1054	23	10	becomes	become	VERB
dem-1054	23	11	clear	clear	ADJ
dem-1054	23	12	:	:	PUNCT
dem-1054	23	13	a	a	DET
dem-1054	23	14	risk	risk	NOUN
dem-1054	23	15	can	can	AUX
dem-1054	23	16	be	be	AUX
dem-1054	23	17	clearly	clearly	ADV
dem-1054	23	18	measured	measure	VERB
dem-1054	23	19	whereas	whereas	SCONJ
dem-1054	23	20	an	an	DET
dem-1054	23	21	uncertainty	uncertainty	NOUN
dem-1054	23	22	is	be	AUX
dem-1054	23	23	some	some	DET
dem-1054	23	24	kind	kind	NOUN
dem-1054	23	25	of	of	ADP
dem-1054	23	26	unmeasurable	unmeasurable	ADJ
dem-1054	23	27	risk	risk	NOUN
dem-1054	23	28	that	that	PRON
dem-1054	23	29	refers	refer	VERB
dem-1054	23	30	to	to	ADP
dem-1054	23	31	the	the	DET
dem-1054	23	32	investment	investment	NOUN
dem-1054	23	33	.	.	PUNCT
dem-1054	24	1	the	the	DET
dem-1054	24	2	purpose	purpose	NOUN
dem-1054	24	3	of	of	ADP
dem-1054	24	4	this	this	DET
dem-1054	24	5	paper	paper	NOUN
dem-1054	24	6	is	be	AUX
dem-1054	24	7	to	to	PART
dem-1054	24	8	present	present	VERB
dem-1054	24	9	some	some	DET
dem-1054	24	10	non	non	ADJ
dem-1054	24	11	-	-	ADJ
dem-1054	24	12	classical	classical	ADJ
dem-1054	24	13	risk	risk	NOUN
dem-1054	24	14	measures	measure	NOUN
dem-1054	24	15	,	,	PUNCT
dem-1054	24	16	widely	widely	ADV
dem-1054	24	17	used	use	VERB
dem-1054	24	18	in	in	ADP
dem-1054	24	19	risk	risk	NOUN
dem-1054	24	20	analysis	analysis	NOUN
dem-1054	24	21	of	of	ADP
dem-1054	24	22	financial	financial	ADJ
dem-1054	24	23	markets	market	NOUN
dem-1054	24	24	,	,	PUNCT
dem-1054	24	25	and	and	CCONJ
dem-1054	24	26	presented	present	VERB
dem-1054	24	27	therein	therein	ADV
dem-1054	24	28	with	with	ADP
dem-1054	24	29	reference	reference	NOUN
dem-1054	24	30	to	to	ADP
dem-1054	24	31	the	the	DET
dem-1054	24	32	risk	risk	NOUN
dem-1054	24	33	observed	observe	VERB
dem-1054	24	34	in	in	ADP
dem-1054	24	35	the	the	DET
dem-1054	24	36	market	market	NOUN
dem-1054	24	37	of	of	ADP
dem-1054	24	38	precious	precious	ADJ
dem-1054	24	39	non	non	ADJ
dem-1054	24	40	-	-	ADJ
dem-1054	24	41	ferrous	ferrous	ADJ
dem-1054	24	42	metals	metal	NOUN
dem-1054	24	43	.	.	PUNCT
dem-1054	25	1	the	the	DET
dem-1054	25	2	main	main	ADJ
dem-1054	25	3	hypothesis	hypothesis	NOUN
dem-1054	25	4	runs	run	VERB
dem-1054	25	5	that	that	SCONJ
dem-1054	25	6	the	the	DET
dem-1054	25	7	values	value	NOUN
dem-1054	25	8	of	of	ADP
dem-1054	25	9	risk	risk	NOUN
dem-1054	25	10	measures	measure	NOUN
dem-1054	25	11	obtained	obtain	VERB
dem-1054	25	12	for	for	ADP
dem-1054	25	13	stable	stable	ADJ
dem-1054	25	14	distributions	distribution	NOUN
dem-1054	25	15	are	be	AUX
dem-1054	25	16	closer	close	ADJ
dem-1054	25	17	to	to	ADP
dem-1054	25	18	the	the	DET
dem-1054	25	19	empirical	empirical	ADJ
dem-1054	25	20	ones	one	NOUN
dem-1054	25	21	if	if	SCONJ
dem-1054	25	22	compared	compare	VERB
dem-1054	25	23	to	to	ADP
dem-1054	25	24	the	the	DET
dem-1054	25	25	normal	normal	ADJ
dem-1054	25	26	approach	approach	NOUN
dem-1054	25	27	.	.	PUNCT
dem-1054	26	1	the	the	DET
dem-1054	26	2	subject	subject	NOUN
dem-1054	26	3	of	of	ADP
dem-1054	26	4	the	the	DET
dem-1054	26	5	study	study	NOUN
dem-1054	26	6	are	be	AUX
dem-1054	26	7	time	time	NOUN
dem-1054	26	8	series	series	NOUN
dem-1054	26	9	represented	represent	VERB
dem-1054	26	10	by	by	ADP
dem-1054	26	11	the	the	DET
dem-1054	26	12	log	log	NOUN
dem-1054	26	13	-	-	PUNCT
dem-1054	26	14	returns	return	NOUN
dem-1054	26	15	of	of	ADP
dem-1054	26	16	the	the	DET
dem-1054	26	17	prices	price	NOUN
dem-1054	26	18	of	of	ADP
dem-1054	26	19	gold	gold	NOUN
dem-1054	26	20	,	,	PUNCT
dem-1054	26	21	silver	silver	NOUN
dem-1054	26	22	,	,	PUNCT
dem-1054	26	23	platinum	platinum	NOUN
dem-1054	26	24	and	and	CCONJ
dem-1054	26	25	palladium	palladium	NOUN
dem-1054	26	26	.	.	PUNCT
dem-1054	27	1	the	the	DET
dem-1054	27	2	main	main	ADJ
dem-1054	27	3	reason	reason	NOUN
dem-1054	27	4	for	for	ADP
dem-1054	27	5	choosing	choose	VERB
dem-1054	27	6	this	this	DET
dem-1054	27	7	particular	particular	ADJ
dem-1054	27	8	market	market	NOUN
dem-1054	27	9	is	be	AUX
dem-1054	27	10	an	an	DET
dem-1054	27	11	increasing	increase	VERB
dem-1054	27	12	interest	interest	NOUN
dem-1054	27	13	in	in	ADP
dem-1054	27	14	investing	invest	VERB
dem-1054	27	15	in	in	ADP
dem-1054	27	16	precious	precious	ADJ
dem-1054	27	17	metals	metal	NOUN
dem-1054	27	18	.	.	PUNCT
dem-1054	28	1	deepening	deepen	VERB
dem-1054	28	2	global	global	ADJ
dem-1054	28	3	crisis	crisis	NOUN
dem-1054	28	4	made	make	VERB
dem-1054	28	5	investors	investor	NOUN
dem-1054	28	6	look	look	VERB
dem-1054	28	7	for	for	ADP
dem-1054	28	8	alternatives	alternative	NOUN
dem-1054	28	9	to	to	ADP
dem-1054	28	10	the	the	DET
dem-1054	28	11	traditional	traditional	ADJ
dem-1054	28	12	financial	financial	ADJ
dem-1054	28	13	assets	asset	NOUN
dem-1054	28	14	(	(	PUNCT
dem-1054	28	15	stocks	stock	NOUN
dem-1054	28	16	,	,	PUNCT
dem-1054	28	17	bonds	bond	NOUN
dem-1054	28	18	,	,	PUNCT
dem-1054	28	19	etc	etc	X
dem-1054	28	20	.	.	X
dem-1054	28	21	)	)	PUNCT
dem-1054	28	22	.	.	PUNCT
dem-1054	29	1	the	the	DET
dem-1054	29	2	most	most	ADV
dem-1054	29	3	popular	popular	ADJ
dem-1054	29	4	precious	precious	ADJ
dem-1054	29	5	metal	metal	NOUN
dem-1054	29	6	,	,	PUNCT
dem-1054	29	7	from	from	ADP
dem-1054	29	8	the	the	DET
dem-1054	29	9	investing	investing	NOUN
dem-1054	29	10	point	point	NOUN
dem-1054	29	11	of	of	ADP
dem-1054	29	12	view	view	NOUN
dem-1054	29	13	,	,	PUNCT
dem-1054	29	14	is	be	AUX
dem-1054	29	15	gold	gold	NOUN
dem-1054	29	16	.	.	PUNCT
dem-1054	30	1	what	what	PRON
dem-1054	30	2	investors	investor	NOUN
dem-1054	30	3	gain	gain	VERB
dem-1054	30	4	are	be	AUX
dem-1054	30	5	high	high	ADJ
dem-1054	30	6	availability	availability	NOUN
dem-1054	30	7	and	and	CCONJ
dem-1054	30	8	the	the	DET
dem-1054	30	9	possibility	possibility	NOUN
dem-1054	30	10	to	to	PART
dem-1054	30	11	hedge	hedge	VERB
dem-1054	30	12	themselves	themselves	PRON
dem-1054	30	13	in	in	ADP
dem-1054	30	14	situations	situation	NOUN
dem-1054	30	15	,	,	PUNCT
dem-1054	30	16	where	where	SCONJ
dem-1054	30	17	the	the	DET
dem-1054	30	18	financial	financial	ADJ
dem-1054	30	19	system	system	NOUN
dem-1054	30	20	shows	show	VERB
dem-1054	30	21	higher	high	ADJ
dem-1054	30	22	level	level	NOUN
dem-1054	30	23	of	of	ADP
dem-1054	30	24	uncertainty	uncertainty	NOUN
dem-1054	30	25	.	.	PUNCT
dem-1054	31	1	purchasing	purchase	VERB
dem-1054	31	2	of	of	ADP
dem-1054	31	3	gold	gold	NOUN
dem-1054	31	4	is	be	AUX
dem-1054	31	5	more	more	ADV
dem-1054	31	6	secure	secure	ADJ
dem-1054	31	7	than	than	ADP
dem-1054	31	8	typical	typical	ADJ
dem-1054	31	9	and	and	CCONJ
dem-1054	31	10	popular	popular	ADJ
dem-1054	31	11	investments	investment	NOUN
dem-1054	31	12	,	,	PUNCT
dem-1054	31	13	e.g.	e.g.	ADV
dem-1054	31	14	in	in	ADP
dem-1054	31	15	exchange	exchange	NOUN
dem-1054	31	16	rates	rate	NOUN
dem-1054	31	17	market	market	NOUN
dem-1054	31	18	.	.	PUNCT
dem-1054	32	1	however	however	ADV
dem-1054	32	2	,	,	PUNCT
dem-1054	32	3	the	the	DET
dem-1054	32	4	investment	investment	NOUN
dem-1054	32	5	in	in	ADP
dem-1054	32	6	gold	gold	NOUN
dem-1054	32	7	does	do	AUX
dem-1054	32	8	n’t	not	PART
dem-1054	32	9	mean	mean	VERB
dem-1054	32	10	investment	investment	NOUN
dem-1054	32	11	only	only	ADV
dem-1054	32	12	in	in	ADP
dem-1054	32	13	gold	gold	ADJ
dem-1054	32	14	bars	bar	NOUN
dem-1054	32	15	.	.	PUNCT
dem-1054	33	1	there	there	PRON
dem-1054	33	2	are	be	VERB
dem-1054	33	3	some	some	DET
dem-1054	33	4	alternative	alternative	ADJ
dem-1054	33	5	forms	form	NOUN
dem-1054	33	6	,	,	PUNCT
dem-1054	33	7	such	such	ADJ
dem-1054	33	8	as	as	ADP
dem-1054	33	9	golden	golden	ADJ
dem-1054	33	10	coins	coin	NOUN
dem-1054	33	11	,	,	PUNCT
dem-1054	33	12	investment	investment	NOUN
dem-1054	33	13	certificates	certificate	NOUN
dem-1054	33	14	or	or	CCONJ
dem-1054	33	15	investing	invest	VERB
dem-1054	33	16	in	in	ADP
dem-1054	33	17	units	unit	NOUN
dem-1054	33	18	of	of	ADP
dem-1054	33	19	funds	fund	NOUN
dem-1054	33	20	connected	connect	VERB
dem-1054	33	21	to	to	ADP
dem-1054	33	22	the	the	DET
dem-1054	33	23	companies	company	NOUN
dem-1054	33	24	actively	actively	ADV
dem-1054	33	25	acting	act	VERB
dem-1054	33	26	on	on	ADP
dem-1054	33	27	the	the	DET
dem-1054	33	28	gold	gold	NOUN
dem-1054	33	29	market	market	NOUN
dem-1054	33	30	.	.	PUNCT
dem-1054	34	1	as	as	ADP
dem-1054	34	2	a	a	DET
dem-1054	34	3	result	result	NOUN
dem-1054	34	4	of	of	ADP
dem-1054	34	5	still	still	ADV
dem-1054	34	6	worsening	worsen	VERB
dem-1054	34	7	situation	situation	NOUN
dem-1054	34	8	on	on	ADP
dem-1054	34	9	the	the	DET
dem-1054	34	10	biggest	big	ADJ
dem-1054	34	11	stock	stock	NOUN
dem-1054	34	12	markets	market	NOUN
dem-1054	34	13	,	,	PUNCT
dem-1054	34	14	majority	majority	NOUN
dem-1054	34	15	of	of	ADP
dem-1054	34	16	investors	investor	NOUN
dem-1054	34	17	decide	decide	VERB
dem-1054	34	18	to	to	PART
dem-1054	34	19	allocate	allocate	VERB
dem-1054	34	20	their	their	PRON
dem-1054	34	21	money	money	NOUN
dem-1054	34	22	investing	invest	VERB
dem-1054	34	23	in	in	ADP
dem-1054	34	24	assets	asset	NOUN
dem-1054	34	25	that	that	PRON
dem-1054	34	26	show	show	VERB
dem-1054	34	27	the	the	DET
dem-1054	34	28	upward	upward	ADJ
dem-1054	34	29	trend	trend	NOUN
dem-1054	34	30	during	during	ADP
dem-1054	34	31	crisis	crisis	NOUN
dem-1054	34	32	(	(	PUNCT
dem-1054	34	33	e.g.	e.g.	ADV
dem-1054	34	34	as	as	ADP
dem-1054	34	35	a	a	DET
dem-1054	34	36	hedge	hedge	NOUN
dem-1054	34	37	against	against	ADP
dem-1054	34	38	increasing	increase	VERB
dem-1054	34	39	inflation	inflation	NOUN
dem-1054	34	40	)	)	PUNCT
dem-1054	34	41	.	.	PUNCT
dem-1054	35	1	1	1	X
dem-1054	35	2	.	.	X
dem-1054	35	3	methodology	methodology	NOUN
dem-1054	35	4	scientists	scientist	NOUN
dem-1054	35	5	have	have	AUX
dem-1054	35	6	developed	develop	VERB
dem-1054	35	7	many	many	ADJ
dem-1054	35	8	advanced	advanced	ADJ
dem-1054	35	9	methods	method	NOUN
dem-1054	35	10	of	of	ADP
dem-1054	35	11	measurement	measurement	NOUN
dem-1054	35	12	and	and	CCONJ
dem-1054	35	13	analysis	analysis	NOUN
dem-1054	35	14	of	of	ADP
dem-1054	35	15	risk	risk	NOUN
dem-1054	35	16	.	.	PUNCT
dem-1054	36	1	unfortunately	unfortunately	ADV
dem-1054	36	2	,	,	PUNCT
dem-1054	36	3	the	the	DET
dem-1054	36	4	more	more	ADV
dem-1054	36	5	commonly	commonly	ADV
dem-1054	36	6	used	use	VERB
dem-1054	36	7	risk	risk	NOUN
dem-1054	36	8	measures	measure	NOUN
dem-1054	36	9	have	have	VERB
dem-1054	36	10	the	the	DET
dem-1054	36	11	drawback	drawback	NOUN
dem-1054	36	12	of	of	ADP
dem-1054	36	13	being	be	AUX
dem-1054	36	14	unclear	unclear	ADJ
dem-1054	36	15	in	in	ADP
dem-1054	36	16	terms	term	NOUN
dem-1054	36	17	of	of	ADP
dem-1054	36	18	their	their	PRON
dem-1054	36	19	theoretical	theoretical	ADJ
dem-1054	36	20	underpinnings	underpinning	NOUN
dem-1054	36	21	,	,	PUNCT
dem-1054	36	22	their	their	PRON
dem-1054	36	23	use	use	NOUN
dem-1054	36	24	and	and	CCONJ
dem-1054	36	25	interpretations	interpretation	NOUN
dem-1054	36	26	.	.	PUNCT
dem-1054	37	1	therefore	therefore	ADV
dem-1054	37	2	,	,	PUNCT
dem-1054	37	3	the	the	DET
dem-1054	37	4	methodological	methodological	ADJ
dem-1054	37	5	and	and	CCONJ
dem-1054	37	6	practical	practical	ADJ
dem-1054	37	7	considerations	consideration	NOUN
dem-1054	37	8	play	play	VERB
dem-1054	37	9	important	important	ADJ
dem-1054	37	10	role	role	NOUN
dem-1054	37	11	for	for	ADP
dem-1054	37	12	anyone	anyone	PRON
dem-1054	37	13	who	who	PRON
dem-1054	37	14	is	be	AUX
dem-1054	37	15	responsible	responsible	ADJ
dem-1054	37	16	for	for	ADP
dem-1054	37	17	management	management	NOUN
dem-1054	37	18	of	of	ADP
dem-1054	37	19	that	that	DET
dem-1054	37	20	kind	kind	NOUN
dem-1054	37	21	of	of	ADP
dem-1054	37	22	risk	risk	NOUN
dem-1054	37	23	.	.	PUNCT
dem-1054	38	1	the	the	DET
dem-1054	38	2	risk	risk	NOUN
dem-1054	38	3	level	level	NOUN
dem-1054	38	4	is	be	AUX
dem-1054	38	5	influenced	influence	VERB
dem-1054	38	6	by	by	ADP
dem-1054	38	7	many	many	ADJ
dem-1054	38	8	factors	factor	NOUN
dem-1054	38	9	,	,	PUNCT
dem-1054	38	10	some	some	PRON
dem-1054	38	11	of	of	ADP
dem-1054	38	12	which	which	PRON
dem-1054	38	13	can	can	AUX
dem-1054	38	14	be	be	AUX
dem-1054	38	15	completely	completely	ADV
dem-1054	38	16	independent	independent	ADJ
dem-1054	38	17	.	.	PUNCT
dem-1054	39	1	every	every	DET
dem-1054	39	2	theoretical	theoretical	ADJ
dem-1054	39	3	model	model	NOUN
dem-1054	39	4	should	should	AUX
dem-1054	39	5	accurately	accurately	ADV
dem-1054	39	6	reflect	reflect	VERB
dem-1054	39	7	the	the	DET
dem-1054	39	8	non	non	ADJ
dem-1054	39	9	-	-	ADJ
dem-1054	39	10	classical	classical	ADJ
dem-1054	39	11	measures	measure	NOUN
dem-1054	39	12	of	of	ADP
dem-1054	39	13	investment	investment	NOUN
dem-1054	39	14	risk	risk	NOUN
dem-1054	39	15	on	on	ADP
dem-1054	39	16	the	the	DET
dem-1054	39	17	market	market	NOUN
dem-1054	39	18	of	of	ADP
dem-1054	39	19	precious	precious	ADJ
dem-1054	39	20	…	…	PUNCT
dem-1054	39	21	dynamic	dynamic	ADJ
dem-1054	39	22	econometric	econometric	ADJ
dem-1054	39	23	models	model	NOUN
dem-1054	39	24	12	12	NUM
dem-1054	39	25	(	(	PUNCT
dem-1054	39	26	2012	2012	NUM
dem-1054	39	27	)	)	PUNCT
dem-1054	39	28	89–103	89–103	NUM
dem-1054	39	29	91	91	NUM
dem-1054	39	30	reality	reality	NOUN
dem-1054	39	31	,	,	PUNCT
dem-1054	39	32	and	and	CCONJ
dem-1054	39	33	their	their	PRON
dem-1054	39	34	construction	construction	NOUN
dem-1054	39	35	is	be	AUX
dem-1054	39	36	a	a	DET
dem-1054	39	37	very	very	ADV
dem-1054	39	38	complex	complex	ADJ
dem-1054	39	39	process	process	NOUN
dem-1054	39	40	.	.	PUNCT
dem-1054	40	1	the	the	DET
dem-1054	40	2	methodological	methodological	ADJ
dem-1054	40	3	background	background	NOUN
dem-1054	40	4	for	for	ADP
dem-1054	40	5	estimation	estimation	NOUN
dem-1054	40	6	and	and	CCONJ
dem-1054	40	7	assessing	assess	VERB
dem-1054	40	8	risk	risk	NOUN
dem-1054	40	9	,	,	PUNCT
dem-1054	40	10	developed	develop	VERB
dem-1054	40	11	in	in	ADP
dem-1054	40	12	the	the	DET
dem-1054	40	13	last	last	ADJ
dem-1054	40	14	century	century	NOUN
dem-1054	40	15	,	,	PUNCT
dem-1054	40	16	requires	require	VERB
dem-1054	40	17	to	to	PART
dem-1054	40	18	be	be	AUX
dem-1054	40	19	modified	modify	VERB
dem-1054	40	20	due	due	ADP
dem-1054	40	21	to	to	ADP
dem-1054	40	22	the	the	DET
dem-1054	40	23	set	set	NOUN
dem-1054	40	24	of	of	ADP
dem-1054	40	25	risk	risk	NOUN
dem-1054	40	26	factors	factor	NOUN
dem-1054	40	27	which	which	PRON
dem-1054	40	28	are	be	AUX
dem-1054	40	29	constantly	constantly	ADV
dem-1054	40	30	varying	vary	VERB
dem-1054	40	31	over	over	ADP
dem-1054	40	32	time	time	NOUN
dem-1054	40	33	.	.	PUNCT
dem-1054	41	1	it	it	PRON
dem-1054	41	2	results	result	VERB
dem-1054	41	3	from	from	ADP
dem-1054	41	4	the	the	DET
dem-1054	41	5	dynamic	dynamic	ADJ
dem-1054	41	6	changes	change	NOUN
dem-1054	41	7	on	on	ADP
dem-1054	41	8	the	the	DET
dem-1054	41	9	market	market	NOUN
dem-1054	41	10	,	,	PUNCT
dem-1054	41	11	new	new	ADJ
dem-1054	41	12	possibilities	possibility	NOUN
dem-1054	41	13	of	of	ADP
dem-1054	41	14	assets	asset	NOUN
dem-1054	41	15	allocation	allocation	NOUN
dem-1054	41	16	and	and	CCONJ
dem-1054	41	17	unpredictability	unpredictability	NOUN
dem-1054	41	18	of	of	ADP
dem-1054	41	19	some	some	DET
dem-1054	41	20	unexpected	unexpected	ADJ
dem-1054	41	21	events	event	NOUN
dem-1054	41	22	.	.	PUNCT
dem-1054	42	1	such	such	ADJ
dem-1054	42	2	events	event	NOUN
dem-1054	42	3	are	be	AUX
dem-1054	42	4	related	relate	VERB
dem-1054	42	5	to	to	ADP
dem-1054	42	6	the	the	DET
dem-1054	42	7	higher	high	ADJ
dem-1054	42	8	risk	risk	NOUN
dem-1054	42	9	level	level	NOUN
dem-1054	42	10	and	and	CCONJ
dem-1054	42	11	may	may	AUX
dem-1054	42	12	be	be	AUX
dem-1054	42	13	impossible	impossible	ADJ
dem-1054	42	14	to	to	PART
dem-1054	42	15	forecast	forecast	VERB
dem-1054	42	16	.	.	PUNCT
dem-1054	43	1	this	this	PRON
dem-1054	43	2	is	be	AUX
dem-1054	43	3	a	a	DET
dem-1054	43	4	problem	problem	NOUN
dem-1054	43	5	both	both	PRON
dem-1054	43	6	for	for	ADP
dem-1054	43	7	individual	individual	ADJ
dem-1054	43	8	investors	investor	NOUN
dem-1054	43	9	and	and	CCONJ
dem-1054	43	10	institutions	institution	NOUN
dem-1054	43	11	,	,	PUNCT
dem-1054	43	12	which	which	PRON
dem-1054	43	13	are	be	AUX
dem-1054	43	14	exposed	expose	VERB
dem-1054	43	15	to	to	ADP
dem-1054	43	16	huge	huge	ADJ
dem-1054	43	17	financial	financial	ADJ
dem-1054	43	18	loses	lose	NOUN
dem-1054	43	19	or	or	CCONJ
dem-1054	43	20	even	even	ADV
dem-1054	43	21	bankruptcy	bankruptcy	NOUN
dem-1054	43	22	.	.	PUNCT
dem-1054	44	1	the	the	DET
dem-1054	44	2	literature	literature	NOUN
dem-1054	44	3	on	on	ADP
dem-1054	44	4	the	the	DET
dem-1054	44	5	subject	subject	NOUN
dem-1054	44	6	recognizes	recognize	VERB
dem-1054	44	7	a	a	DET
dem-1054	44	8	number	number	NOUN
dem-1054	44	9	of	of	ADP
dem-1054	44	10	risk	risk	NOUN
dem-1054	44	11	measures	measure	NOUN
dem-1054	44	12	.	.	PUNCT
dem-1054	45	1	in	in	ADP
dem-1054	45	2	this	this	DET
dem-1054	45	3	paper	paper	NOUN
dem-1054	45	4	the	the	DET
dem-1054	45	5	distinction	distinction	NOUN
dem-1054	45	6	between	between	ADP
dem-1054	45	7	classical	classical	ADJ
dem-1054	45	8	and	and	CCONJ
dem-1054	45	9	non	non	ADJ
dem-1054	45	10	-	-	ADJ
dem-1054	45	11	classical	classical	ADJ
dem-1054	45	12	measures	measure	NOUN
dem-1054	45	13	is	be	AUX
dem-1054	45	14	presented	present	VERB
dem-1054	45	15	.	.	PUNCT
dem-1054	46	1	as	as	ADP
dem-1054	46	2	for	for	ADP
dem-1054	46	3	classical	classical	ADJ
dem-1054	46	4	ones	one	NOUN
dem-1054	46	5	all	all	DET
dem-1054	46	6	measures	measure	NOUN
dem-1054	46	7	which	which	PRON
dem-1054	46	8	represent	represent	VERB
dem-1054	46	9	a	a	DET
dem-1054	46	10	canon	canon	NOUN
dem-1054	46	11	in	in	ADP
dem-1054	46	12	risk	risk	NOUN
dem-1054	46	13	analysis	analysis	NOUN
dem-1054	46	14	and	and	CCONJ
dem-1054	46	15	are	be	AUX
dem-1054	46	16	widely	widely	ADV
dem-1054	46	17	used	use	VERB
dem-1054	46	18	in	in	ADP
dem-1054	46	19	practice	practice	NOUN
dem-1054	46	20	are	be	AUX
dem-1054	46	21	considered	consider	VERB
dem-1054	46	22	here	here	ADV
dem-1054	46	23	.	.	PUNCT
dem-1054	47	1	most	most	ADJ
dem-1054	47	2	of	of	ADP
dem-1054	47	3	these	these	DET
dem-1054	47	4	measures	measure	NOUN
dem-1054	47	5	appeared	appear	VERB
dem-1054	47	6	together	together	ADV
dem-1054	47	7	with	with	ADP
dem-1054	47	8	the	the	DET
dem-1054	47	9	development	development	NOUN
dem-1054	47	10	of	of	ADP
dem-1054	47	11	certain	certain	ADJ
dem-1054	47	12	scientific	scientific	ADJ
dem-1054	47	13	theories	theory	NOUN
dem-1054	47	14	and	and	CCONJ
dem-1054	47	15	afterwards	afterwards	ADV
dem-1054	47	16	were	be	AUX
dem-1054	47	17	modified	modify	VERB
dem-1054	47	18	according	accord	VERB
dem-1054	47	19	to	to	ADP
dem-1054	47	20	the	the	DET
dem-1054	47	21	external	external	ADJ
dem-1054	47	22	factors	factor	NOUN
dem-1054	47	23	which	which	PRON
dem-1054	47	24	determine	determine	VERB
dem-1054	47	25	their	their	PRON
dem-1054	47	26	use	use	NOUN
dem-1054	47	27	.	.	PUNCT
dem-1054	48	1	moreover	moreover	ADV
dem-1054	48	2	,	,	PUNCT
dem-1054	48	3	the	the	DET
dem-1054	48	4	set	set	NOUN
dem-1054	48	5	of	of	ADP
dem-1054	48	6	classical	classical	ADJ
dem-1054	48	7	risk	risk	NOUN
dem-1054	48	8	measures	measure	NOUN
dem-1054	48	9	includes	include	VERB
dem-1054	48	10	those	those	PRON
dem-1054	48	11	based	base	VERB
dem-1054	48	12	on	on	ADP
dem-1054	48	13	commonly	commonly	ADV
dem-1054	48	14	used	use	VERB
dem-1054	48	15	probability	probability	NOUN
dem-1054	48	16	distributions	distribution	NOUN
dem-1054	48	17	(	(	PUNCT
dem-1054	48	18	especially	especially	ADV
dem-1054	48	19	the	the	DET
dem-1054	48	20	normal	normal	ADJ
dem-1054	48	21	distribution	distribution	NOUN
dem-1054	48	22	)	)	PUNCT
dem-1054	48	23	.	.	PUNCT
dem-1054	49	1	the	the	DET
dem-1054	49	2	set	set	NOUN
dem-1054	49	3	of	of	ADP
dem-1054	49	4	non	non	ADJ
dem-1054	49	5	-	-	ADJ
dem-1054	49	6	classical	classical	ADJ
dem-1054	49	7	risk	risk	NOUN
dem-1054	49	8	measures	measure	NOUN
dem-1054	49	9	encompasses	encompass	VERB
dem-1054	49	10	all	all	DET
dem-1054	49	11	measures	measure	NOUN
dem-1054	49	12	not	not	PART
dem-1054	49	13	included	include	VERB
dem-1054	49	14	in	in	ADP
dem-1054	49	15	the	the	DET
dem-1054	49	16	set	set	NOUN
dem-1054	49	17	of	of	ADP
dem-1054	49	18	classical	classical	ADJ
dem-1054	49	19	ones	one	NOUN
dem-1054	49	20	.	.	PUNCT
dem-1054	50	1	the	the	DET
dem-1054	50	2	non	non	ADJ
dem-1054	50	3	-	-	ADJ
dem-1054	50	4	classical	classical	ADJ
dem-1054	50	5	measures	measure	NOUN
dem-1054	50	6	might	might	AUX
dem-1054	50	7	be	be	AUX
dem-1054	50	8	etymologically	etymologically	ADV
dem-1054	50	9	related	relate	VERB
dem-1054	50	10	to	to	ADP
dem-1054	50	11	the	the	DET
dem-1054	50	12	interdisciplinary	interdisciplinary	ADJ
dem-1054	50	13	nature	nature	NOUN
dem-1054	50	14	of	of	ADP
dem-1054	50	15	science	science	NOUN
dem-1054	50	16	,	,	PUNCT
dem-1054	50	17	deriving	derive	VERB
dem-1054	50	18	from	from	ADP
dem-1054	50	19	the	the	DET
dem-1054	50	20	different	different	ADJ
dem-1054	50	21	scientific	scientific	ADJ
dem-1054	50	22	areas	area	NOUN
dem-1054	50	23	(	(	PUNCT
dem-1054	50	24	physics	physics	NOUN
dem-1054	50	25	,	,	PUNCT
dem-1054	50	26	engineering	engineering	NOUN
dem-1054	50	27	,	,	PUNCT
dem-1054	50	28	bio	bio	NOUN
dem-1054	50	29	-	-	NOUN
dem-1054	50	30	medicine	medicine	NOUN
dem-1054	50	31	,	,	PUNCT
dem-1054	50	32	etc	etc	X
dem-1054	50	33	.	.	X
dem-1054	50	34	)	)	PUNCT
dem-1054	50	35	.	.	PUNCT
dem-1054	51	1	however	however	ADV
dem-1054	51	2	,	,	PUNCT
dem-1054	51	3	because	because	SCONJ
dem-1054	51	4	of	of	ADP
dem-1054	51	5	their	their	PRON
dem-1054	51	6	mathematical	mathematical	ADJ
dem-1054	51	7	properties	property	NOUN
dem-1054	51	8	they	they	PRON
dem-1054	51	9	are	be	AUX
dem-1054	51	10	used	use	VERB
dem-1054	51	11	in	in	ADP
dem-1054	51	12	measuring	measure	VERB
dem-1054	51	13	risk	risk	NOUN
dem-1054	51	14	on	on	ADP
dem-1054	51	15	financial	financial	ADJ
dem-1054	51	16	markets	market	NOUN
dem-1054	51	17	.	.	PUNCT
dem-1054	52	1	due	due	ADP
dem-1054	52	2	to	to	ADP
dem-1054	52	3	strong	strong	ADJ
dem-1054	52	4	assumption	assumption	NOUN
dem-1054	52	5	about	about	ADP
dem-1054	52	6	the	the	DET
dem-1054	52	7	normality	normality	NOUN
dem-1054	52	8	of	of	ADP
dem-1054	52	9	distribution	distribution	NOUN
dem-1054	52	10	of	of	ADP
dem-1054	52	11	stock	stock	NOUN
dem-1054	52	12	returns	return	NOUN
dem-1054	52	13	in	in	ADP
dem-1054	52	14	the	the	DET
dem-1054	52	15	set	set	NOUN
dem-1054	52	16	of	of	ADP
dem-1054	52	17	classical	classical	ADJ
dem-1054	52	18	measures	measure	NOUN
dem-1054	52	19	,	,	PUNCT
dem-1054	52	20	not	not	PART
dem-1054	52	21	met	meet	VERB
dem-1054	52	22	for	for	ADP
dem-1054	52	23	the	the	DET
dem-1054	52	24	real	real	ADJ
dem-1054	52	25	data	datum	NOUN
dem-1054	52	26	,	,	PUNCT
dem-1054	52	27	some	some	DET
dem-1054	52	28	alternative	alternative	ADJ
dem-1054	52	29	measures	measure	NOUN
dem-1054	52	30	based	base	VERB
dem-1054	52	31	on	on	ADP
dem-1054	52	32	different	different	ADJ
dem-1054	52	33	probability	probability	NOUN
dem-1054	52	34	distributions	distribution	NOUN
dem-1054	52	35	have	have	VERB
dem-1054	52	36	to	to	PART
dem-1054	52	37	be	be	AUX
dem-1054	52	38	taken	take	VERB
dem-1054	52	39	into	into	ADP
dem-1054	52	40	account	account	NOUN
dem-1054	52	41	.	.	PUNCT
dem-1054	53	1	the	the	DET
dem-1054	53	2	characteristics	characteristic	NOUN
dem-1054	53	3	of	of	ADP
dem-1054	53	4	empirical	empirical	ADJ
dem-1054	53	5	time	time	NOUN
dem-1054	53	6	series	series	NOUN
dem-1054	53	7	as	as	ADP
dem-1054	53	8	high	high	ADJ
dem-1054	53	9	frequency	frequency	NOUN
dem-1054	53	10	of	of	ADP
dem-1054	53	11	data	datum	NOUN
dem-1054	53	12	,	,	PUNCT
dem-1054	53	13	heteroscedasticity	heteroscedasticity	NOUN
dem-1054	53	14	of	of	ADP
dem-1054	53	15	variance	variance	NOUN
dem-1054	53	16	,	,	PUNCT
dem-1054	53	17	autocorrelation	autocorrelation	NOUN
dem-1054	53	18	or	or	CCONJ
dem-1054	53	19	fat	fat	ADJ
dem-1054	53	20	tails	tail	NOUN
dem-1054	53	21	of	of	ADP
dem-1054	53	22	distributions	distribution	NOUN
dem-1054	53	23	are	be	AUX
dem-1054	53	24	essential	essential	ADJ
dem-1054	53	25	in	in	ADP
dem-1054	53	26	risk	risk	NOUN
dem-1054	53	27	analysis	analysis	NOUN
dem-1054	53	28	.	.	PUNCT
dem-1054	54	1	the	the	DET
dem-1054	54	2	stable	stable	ADJ
dem-1054	54	3	distributions	distribution	NOUN
dem-1054	54	4	,	,	PUNCT
dem-1054	54	5	developed	develop	VERB
dem-1054	54	6	by	by	ADP
dem-1054	54	7	b.	b.	PROPN
dem-1054	54	8	mandelbrot	mandelbrot	PROPN
dem-1054	54	9	in	in	ADP
dem-1054	54	10	the	the	DET
dem-1054	54	11	60s	60	NOUN
dem-1054	54	12	,	,	PUNCT
dem-1054	54	13	have	have	VERB
dem-1054	54	14	the	the	DET
dem-1054	54	15	wide	wide	ADJ
dem-1054	54	16	application	application	NOUN
dem-1054	54	17	in	in	ADP
dem-1054	54	18	this	this	DET
dem-1054	54	19	matter	matter	NOUN
dem-1054	54	20	.	.	PUNCT
dem-1054	55	1	distributions	distribution	NOUN
dem-1054	55	2	which	which	PRON
dem-1054	55	3	belong	belong	VERB
dem-1054	55	4	to	to	ADP
dem-1054	55	5	the	the	DET
dem-1054	55	6	class	class	NOUN
dem-1054	55	7	of	of	ADP
dem-1054	55	8	stable	stable	ADJ
dem-1054	55	9	ones	one	NOUN
dem-1054	55	10	,	,	PUNCT
dem-1054	55	11	are	be	AUX
dem-1054	55	12	described	describe	VERB
dem-1054	55	13	by	by	ADP
dem-1054	55	14	the	the	DET
dem-1054	55	15	shape	shape	NOUN
dem-1054	55	16	parameter	parameter	NOUN
dem-1054	55	17	allowing	allow	VERB
dem-1054	55	18	to	to	PART
dem-1054	55	19	model	model	VERB
dem-1054	55	20	the	the	DET
dem-1054	55	21	asymmetry	asymmetry	NOUN
dem-1054	55	22	and	and	CCONJ
dem-1054	55	23	fatness	fatness	NOUN
dem-1054	55	24	of	of	ADP
dem-1054	55	25	the	the	DET
dem-1054	55	26	tail	tail	NOUN
dem-1054	55	27	of	of	ADP
dem-1054	55	28	distribution	distribution	NOUN
dem-1054	55	29	.	.	PUNCT
dem-1054	56	1	it	it	PRON
dem-1054	56	2	makes	make	VERB
dem-1054	56	3	them	they	PRON
dem-1054	56	4	useful	useful	ADJ
dem-1054	56	5	in	in	ADP
dem-1054	56	6	many	many	ADJ
dem-1054	56	7	scientific	scientific	ADJ
dem-1054	56	8	areas	area	NOUN
dem-1054	56	9	(	(	PUNCT
dem-1054	56	10	from	from	ADP
dem-1054	56	11	engineering	engineering	NOUN
dem-1054	56	12	,	,	PUNCT
dem-1054	56	13	through	through	ADP
dem-1054	56	14	physics	physics	NOUN
dem-1054	56	15	to	to	ADP
dem-1054	56	16	applications	application	NOUN
dem-1054	56	17	on	on	ADP
dem-1054	56	18	financial	financial	ADJ
dem-1054	56	19	markets	market	NOUN
dem-1054	56	20	(	(	PUNCT
dem-1054	56	21	borak	borak	PROPN
dem-1054	56	22	,	,	PUNCT
dem-1054	56	23	härdle	härdle	NOUN
dem-1054	56	24	,	,	PUNCT
dem-1054	56	25	weron	weron	NOUN
dem-1054	56	26	,	,	PUNCT
dem-1054	56	27	2005	2005	NUM
dem-1054	56	28	)	)	PUNCT
dem-1054	56	29	.	.	PUNCT
dem-1054	57	1	the	the	DET
dem-1054	57	2	main	main	ADJ
dem-1054	57	3	difficulty	difficulty	NOUN
dem-1054	57	4	in	in	ADP
dem-1054	57	5	application	application	NOUN
dem-1054	57	6	of	of	ADP
dem-1054	57	7	stable	stable	ADJ
dem-1054	57	8	distributions	distribution	NOUN
dem-1054	57	9	is	be	AUX
dem-1054	57	10	that	that	SCONJ
dem-1054	57	11	their	their	PRON
dem-1054	57	12	probability	probability	NOUN
dem-1054	57	13	distribution	distribution	NOUN
dem-1054	57	14	function	function	NOUN
dem-1054	57	15	is	be	AUX
dem-1054	57	16	not	not	PART
dem-1054	57	17	clearly	clearly	ADV
dem-1054	57	18	defined	define	VERB
dem-1054	57	19	.	.	PUNCT
dem-1054	58	1	to	to	PART
dem-1054	58	2	describe	describe	VERB
dem-1054	58	3	stable	stable	ADJ
dem-1054	58	4	model	model	NOUN
dem-1054	58	5	the	the	DET
dem-1054	58	6	characteristic	characteristic	ADJ
dem-1054	58	7	function	function	NOUN
dem-1054	58	8	is	be	AUX
dem-1054	58	9	used	use	VERB
dem-1054	58	10	(	(	PUNCT
dem-1054	58	11	and	and	CCONJ
dem-1054	58	12	so	so	ADV
dem-1054	58	13	-	-	PUNCT
dem-1054	58	14	called	call	VERB
dem-1054	58	15	inverse	inverse	NOUN
dem-1054	58	16	fourier	fourier	NOUN
dem-1054	58	17	transform	transform	NOUN
dem-1054	58	18	with	with	ADP
dem-1054	58	19	respect	respect	NOUN
dem-1054	58	20	to	to	ADP
dem-1054	58	21	this	this	DET
dem-1054	58	22	function	function	NOUN
dem-1054	58	23	)	)	PUNCT
dem-1054	58	24	.	.	PUNCT
dem-1054	59	1	if	if	SCONJ
dem-1054	59	2	the	the	DET
dem-1054	59	3	random	random	ADJ
dem-1054	59	4	variable	variable	NOUN
dem-1054	59	5	x	x	PUNCT
dem-1054	59	6	has	have	VERB
dem-1054	59	7	the	the	DET
dem-1054	59	8	cumulative	cumulative	ADJ
dem-1054	59	9	distribution	distribution	NOUN
dem-1054	59	10	function	function	NOUN
dem-1054	59	11	(	(	PUNCT
dem-1054	59	12	)	)	PUNCT
dem-1054	59	13	xf	xf	PROPN
dem-1054	59	14	,	,	PUNCT
dem-1054	59	15	then	then	ADV
dem-1054	59	16	its	its	PRON
dem-1054	59	17	characteristic	characteristic	ADJ
dem-1054	59	18	function	function	NOUN
dem-1054	59	19	has	have	VERB
dem-1054	59	20	the	the	DET
dem-1054	59	21	form	form	NOUN
dem-1054	59	22	(	(	PUNCT
dem-1054	59	23	rachev	rachev	VERB
dem-1054	59	24	,	,	PUNCT
dem-1054	59	25	mittnik	mittnik	NOUN
dem-1054	59	26	,	,	PUNCT
dem-1054	59	27	2000	2000	NUM
dem-1054	59	28	)	)	PUNCT
dem-1054	59	29	:	:	PUNCT
dem-1054	59	30	(	(	PUNCT
dem-1054	59	31	)	)	PUNCT
dem-1054	59	32	(	(	PUNCT
dem-1054	59	33	)	)	PUNCT
dem-1054	59	34	[	[	PUNCT
dem-1054	59	35	]	]	X
dem-1054	59	36	(	(	PUNCT
dem-1054	59	37	)	)	PUNCT
dem-1054	59	38	(	(	PUNCT
dem-1054	59	39	)	)	PUNCT
dem-1054	59	40	,	,	PUNCT
dem-1054	59	41	expexp	expexp	NOUN
dem-1054	59	42	∫	∫	PROPN
dem-1054	60	1	+	+	NUM
dem-1054	60	2	∞	∞	NOUN
dem-1054	60	3	∞−	∞−	NOUN
dem-1054	60	4	=	=	NOUN
dem-1054	60	5	=	=	PROPN
dem-1054	60	6	xdfitxitxetϕ	xdfitxitxetϕ	ADJ
dem-1054	60	7	(	(	PUNCT
dem-1054	60	8	1	1	NUM
dem-1054	60	9	)	)	PUNCT
dem-1054	60	10	thus	thus	ADV
dem-1054	60	11	,	,	PUNCT
dem-1054	60	12	for	for	ADP
dem-1054	60	13	stable	stable	ADJ
dem-1054	60	14	random	random	ADJ
dem-1054	60	15	variable	variable	NOUN
dem-1054	60	16	the	the	DET
dem-1054	60	17	characteristic	characteristic	ADJ
dem-1054	60	18	function	function	NOUN
dem-1054	60	19	is	be	AUX
dem-1054	60	20	presented	present	VERB
dem-1054	60	21	as	as	ADP
dem-1054	60	22	:	:	PUNCT
dem-1054	60	23	dominik	dominik	PROPN
dem-1054	60	24	krężołek	krężołek	PROPN
dem-1054	60	25	dynamic	dynamic	ADJ
dem-1054	60	26	econometric	econometric	ADJ
dem-1054	60	27	models	model	NOUN
dem-1054	60	28	12	12	NUM
dem-1054	60	29	(	(	PUNCT
dem-1054	60	30	2012	2012	NUM
dem-1054	60	31	)	)	PUNCT
dem-1054	60	32	89–103	89–103	NUM
dem-1054	60	33	92	92	NUM
dem-1054	60	34	(	(	PUNCT
dem-1054	60	35	)	)	PUNCT
dem-1054	60	36	(	(	PUNCT
dem-1054	60	37	)	)	PUNCT
dem-1054	60	38	(	(	PUNCT
dem-1054	60	39	)	)	PUNCT
dem-1054	60	40	,	,	PUNCT
dem-1054	60	41	1,ln21	1,ln21	NUM
dem-1054	60	42	1	1	NUM
dem-1054	60	43	,	,	PUNCT
dem-1054	60	44	2	2	NUM
dem-1054	60	45	1	1	NUM
dem-1054	60	46	ln	ln	NOUN
dem-1054	60	47			ADJ
dem-1054	60	48			PROPN
dem-1054	60	49			ADJ
dem-1054	60	50			PROPN
dem-1054	60	51			PROPN
dem-1054	60	52			ADP
dem-1054	60	53			PROPN
dem-1054	60	54	=	=	SYM
dem-1054	60	55			PROPN
dem-1054	60	56			NUM
dem-1054	60	57			ADJ
dem-1054	60	58			NOUN
dem-1054	60	59	+	+	ADP
dem-1054	60	60	−	−	PROPN
dem-1054	60	61	≠	≠	PROPN
dem-1054	60	62			PROPN
dem-1054	60	63			PROPN
dem-1054	60	64			ADJ
dem-1054	60	65			NUM
dem-1054	60	66			NOUN
dem-1054	60	67			NOUN
dem-1054	60	68			PUNCT
dem-1054	61	1			PROPN
dem-1054	61	2			NOUN
dem-1054	61	3			NOUN
dem-1054	61	4	−−	−−	VERB
dem-1054	61	5	=	=	PUNCT
dem-1054	62	1	α	α	PROPN
dem-1054	62	2	π	π	PROPN
dem-1054	62	3	βσµ	βσµ	PROPN
dem-1054	63	1	ααπβσµ	ααπβσµ	PROPN
dem-1054	63	2	ϕ	ϕ	PROPN
dem-1054	63	3	αα	αα	ADP
dem-1054	63	4	forttsignitti	forttsignitti	PROPN
dem-1054	63	5	fortgtsignitti	fortgtsignitti	PROPN
dem-1054	63	6	t	t	PROPN
dem-1054	63	7	(	(	PUNCT
dem-1054	63	8	2	2	NUM
dem-1054	63	9	)	)	PUNCT
dem-1054	63	10	where	where	SCONJ
dem-1054	63	11	(	(	PUNCT
dem-1054	63	12	)	)	PUNCT
dem-1054	63	13	tsign	tsign	NOUN
dem-1054	63	14	is	be	AUX
dem-1054	63	15	defined	define	VERB
dem-1054	63	16	as	as	ADP
dem-1054	63	17	(	(	PUNCT
dem-1054	63	18	)	)	PUNCT
dem-1054	63	19			PROPN
dem-1054	63	20			ADJ
dem-1054	63	21			ADV
dem-1054	63	22			ADP
dem-1054	63	23			NOUN
dem-1054	63	24	<	<	NOUN
dem-1054	63	25	⇔−	⇔−	NOUN
dem-1054	63	26	=	=	PRON
dem-1054	63	27	⇔	⇔	X
dem-1054	63	28	>	>	X
dem-1054	63	29	⇔	⇔	X
dem-1054	63	30	=	=	SYM
dem-1054	64	1	01	01	NUM
dem-1054	64	2	00	00	NUM
dem-1054	64	3	01	01	NUM
dem-1054	65	1	t	t	NOUN
dem-1054	65	2	t	t	PROPN
dem-1054	65	3	t	t	PROPN
dem-1054	65	4	tsign	tsign	VERB
dem-1054	65	5	.	.	PUNCT
dem-1054	66	1	the	the	DET
dem-1054	66	2	main	main	ADJ
dem-1054	66	3	characteristic	characteristic	NOUN
dem-1054	66	4	of	of	ADP
dem-1054	66	5	stable	stable	ADJ
dem-1054	66	6	distribution	distribution	NOUN
dem-1054	66	7	is	be	AUX
dem-1054	66	8	the	the	DET
dem-1054	66	9	shape	shape	NOUN
dem-1054	66	10	parameter	parameter	NOUN
dem-1054	66	11	α	α	PRON
dem-1054	66	12	allowing	allow	VERB
dem-1054	66	13	to	to	PART
dem-1054	66	14	measure	measure	VERB
dem-1054	66	15	the	the	DET
dem-1054	66	16	fatness	fatness	NOUN
dem-1054	66	17	of	of	ADP
dem-1054	66	18	the	the	DET
dem-1054	66	19	tail	tail	NOUN
dem-1054	66	20	of	of	ADP
dem-1054	66	21	distribution	distribution	NOUN
dem-1054	66	22	.	.	PUNCT
dem-1054	67	1	remaining	remain	VERB
dem-1054	67	2	parameters	parameter	NOUN
dem-1054	67	3	which	which	PRON
dem-1054	67	4	describe	describe	VERB
dem-1054	67	5	the	the	DET
dem-1054	67	6	stable	stable	ADJ
dem-1054	67	7	pdf	pdf	NOUN
dem-1054	67	8	are	be	AUX
dem-1054	67	9	skewness	skewness	NOUN
dem-1054	67	10	parameter	parameter	NOUN
dem-1054	67	11	1;1−∈β	1;1−∈β	NUM
dem-1054	67	12	,	,	PUNCT
dem-1054	67	13	scale	scale	NOUN
dem-1054	67	14	parameter	parameter	NOUN
dem-1054	67	15	0	0	NUM
dem-1054	67	16	>	>	SYM
dem-1054	67	17	σ	σ	PROPN
dem-1054	67	18	and	and	CCONJ
dem-1054	67	19	location	location	NOUN
dem-1054	67	20	parameter	parameter	NOUN
dem-1054	67	21	r∈µ	r∈µ	NOUN
dem-1054	67	22	.	.	PUNCT
dem-1054	68	1	the	the	DET
dem-1054	68	2	practical	practical	ADJ
dem-1054	68	3	use	use	NOUN
dem-1054	68	4	of	of	ADP
dem-1054	68	5	stable	stable	ADJ
dem-1054	68	6	distribution	distribution	NOUN
dem-1054	68	7	is	be	AUX
dem-1054	68	8	related	relate	VERB
dem-1054	68	9	to	to	ADP
dem-1054	68	10	complex	complex	ADJ
dem-1054	68	11	estimation	estimation	NOUN
dem-1054	68	12	procedure	procedure	NOUN
dem-1054	68	13	of	of	ADP
dem-1054	68	14	all	all	DET
dem-1054	68	15	parameters	parameter	NOUN
dem-1054	68	16	.	.	PUNCT
dem-1054	69	1	in	in	ADP
dem-1054	69	2	literature	literature	NOUN
dem-1054	69	3	only	only	ADV
dem-1054	69	4	three	three	NUM
dem-1054	69	5	types	type	NOUN
dem-1054	69	6	of	of	ADP
dem-1054	69	7	stable	stable	ADJ
dem-1054	69	8	distributions	distribution	NOUN
dem-1054	69	9	are	be	AUX
dem-1054	69	10	explicitly	explicitly	ADV
dem-1054	69	11	defined	define	VERB
dem-1054	69	12	:	:	PUNCT
dem-1054	69	13	normal	normal	ADJ
dem-1054	69	14	distribution	distribution	NOUN
dem-1054	69	15	(	(	PUNCT
dem-1054	69	16	where	where	SCONJ
dem-1054	69	17	2	2	NUM
dem-1054	69	18	=	=	NOUN
dem-1054	69	19	α	α	NOUN
dem-1054	69	20	)	)	PUNCT
dem-1054	69	21	,	,	PUNCT
dem-1054	69	22	cauchy	cauchy	ADJ
dem-1054	69	23	distribution	distribution	NOUN
dem-1054	69	24	(	(	PUNCT
dem-1054	69	25	where	where	SCONJ
dem-1054	69	26	0,1	0,1	NUM
dem-1054	70	1	=	=	X
dem-1054	70	2	=	=	X
dem-1054	70	3	βα	βα	X
dem-1054	70	4	)	)	PUNCT
dem-1054	70	5	and	and	CCONJ
dem-1054	70	6	lévy	lévy	ADJ
dem-1054	70	7	distribution	distribution	NOUN
dem-1054	70	8	(	(	PUNCT
dem-1054	70	9	where	where	SCONJ
dem-1054	70	10	1,2	1,2	NUM
dem-1054	70	11	1	1	NUM
dem-1054	70	12	−==	−==	NOUN
dem-1054	70	13	βα	βα	PRON
dem-1054	70	14	)	)	PUNCT
dem-1054	70	15	.	.	PUNCT
dem-1054	71	1	the	the	DET
dem-1054	71	2	shape	shape	NOUN
dem-1054	71	3	parameter	parameter	NOUN
dem-1054	71	4	plays	play	VERB
dem-1054	71	5	significant	significant	ADJ
dem-1054	71	6	role	role	NOUN
dem-1054	71	7	in	in	ADP
dem-1054	71	8	probability	probability	NOUN
dem-1054	71	9	distribution	distribution	NOUN
dem-1054	71	10	analysis	analysis	NOUN
dem-1054	71	11	.	.	PUNCT
dem-1054	72	1	if	if	SCONJ
dem-1054	72	2	it	it	PRON
dem-1054	72	3	is	be	AUX
dem-1054	72	4	less	less	ADJ
dem-1054	72	5	than	than	ADP
dem-1054	72	6	2	2	NUM
dem-1054	72	7	,	,	PUNCT
dem-1054	72	8	then	then	ADV
dem-1054	72	9	the	the	DET
dem-1054	72	10	variance	variance	NOUN
dem-1054	72	11	of	of	ADP
dem-1054	72	12	the	the	DET
dem-1054	72	13	distribution	distribution	NOUN
dem-1054	72	14	is	be	AUX
dem-1054	72	15	infinite	infinite	ADJ
dem-1054	72	16	and	and	CCONJ
dem-1054	72	17	the	the	DET
dem-1054	72	18	location	location	NOUN
dem-1054	72	19	parameter	parameter	NOUN
dem-1054	72	20	is	be	AUX
dem-1054	72	21	equal	equal	ADJ
dem-1054	72	22	to	to	ADP
dem-1054	72	23	the	the	DET
dem-1054	72	24	mean	mean	NOUN
dem-1054	72	25	of	of	ADP
dem-1054	72	26	distribution	distribution	NOUN
dem-1054	72	27	.	.	PUNCT
dem-1054	73	1	in	in	ADP
dem-1054	73	2	the	the	DET
dem-1054	73	3	case	case	NOUN
dem-1054	73	4	where	where	SCONJ
dem-1054	73	5	the	the	DET
dem-1054	73	6	shape	shape	NOUN
dem-1054	73	7	parameter	parameter	NOUN
dem-1054	73	8	is	be	AUX
dem-1054	73	9	less	less	ADJ
dem-1054	73	10	than	than	ADP
dem-1054	73	11	1	1	NUM
dem-1054	73	12	,	,	PUNCT
dem-1054	73	13	both	both	DET
dem-1054	73	14	variance	variance	NOUN
dem-1054	73	15	and	and	CCONJ
dem-1054	73	16	mean	mean	VERB
dem-1054	73	17	are	be	AUX
dem-1054	73	18	infinite	infinite	ADJ
dem-1054	73	19	(	(	PUNCT
dem-1054	73	20	samorodnitsky	samorodnitsky	ADJ
dem-1054	73	21	,	,	PUNCT
dem-1054	73	22	taqqu	taqqu	NOUN
dem-1054	73	23	,	,	PUNCT
dem-1054	73	24	1994	1994	NUM
dem-1054	73	25	)	)	PUNCT
dem-1054	73	26	.	.	PUNCT
dem-1054	74	1	the	the	DET
dem-1054	74	2	application	application	NOUN
dem-1054	74	3	of	of	ADP
dem-1054	74	4	stable	stable	ADJ
dem-1054	74	5	distributions	distribution	NOUN
dem-1054	74	6	is	be	AUX
dem-1054	74	7	extremely	extremely	ADV
dem-1054	74	8	justified	justified	ADJ
dem-1054	74	9	if	if	SCONJ
dem-1054	74	10	the	the	DET
dem-1054	74	11	fat	fat	ADJ
dem-1054	74	12	tailed	tail	VERB
dem-1054	74	13	distributions	distribution	NOUN
dem-1054	74	14	are	be	AUX
dem-1054	74	15	considered	consider	VERB
dem-1054	74	16	.	.	PUNCT
dem-1054	75	1	in	in	ADP
dem-1054	75	2	that	that	DET
dem-1054	75	3	case	case	NOUN
dem-1054	75	4	the	the	DET
dem-1054	75	5	probability	probability	NOUN
dem-1054	75	6	that	that	SCONJ
dem-1054	75	7	random	random	ADJ
dem-1054	75	8	variable	variable	NOUN
dem-1054	75	9	takes	take	VERB
dem-1054	75	10	values	value	NOUN
dem-1054	75	11	at	at	ADP
dem-1054	75	12	the	the	DET
dem-1054	75	13	level	level	NOUN
dem-1054	75	14	significantly	significantly	ADV
dem-1054	75	15	outlying	outlye	VERB
dem-1054	75	16	from	from	ADP
dem-1054	75	17	the	the	DET
dem-1054	75	18	center	center	NOUN
dem-1054	75	19	of	of	ADP
dem-1054	75	20	the	the	DET
dem-1054	75	21	distribution	distribution	NOUN
dem-1054	75	22	is	be	AUX
dem-1054	75	23	higher	high	ADJ
dem-1054	75	24	than	than	ADP
dem-1054	75	25	in	in	ADP
dem-1054	75	26	the	the	DET
dem-1054	75	27	normal	normal	ADJ
dem-1054	75	28	case	case	NOUN
dem-1054	75	29	.	.	PUNCT
dem-1054	76	1	hence	hence	ADV
dem-1054	76	2	,	,	PUNCT
dem-1054	76	3	the	the	DET
dem-1054	76	4	risk	risk	NOUN
dem-1054	76	5	measures	measure	NOUN
dem-1054	76	6	which	which	PRON
dem-1054	76	7	are	be	AUX
dem-1054	76	8	used	use	VERB
dem-1054	76	9	in	in	ADP
dem-1054	76	10	risk	risk	NOUN
dem-1054	76	11	analysis	analysis	NOUN
dem-1054	76	12	have	have	VERB
dem-1054	76	13	to	to	PART
dem-1054	76	14	take	take	VERB
dem-1054	76	15	into	into	ADP
dem-1054	76	16	account	account	NOUN
dem-1054	76	17	such	such	ADJ
dem-1054	76	18	values	value	NOUN
dem-1054	76	19	.	.	PUNCT
dem-1054	77	1	the	the	DET
dem-1054	77	2	most	most	ADV
dem-1054	77	3	popular	popular	ADJ
dem-1054	77	4	and	and	CCONJ
dem-1054	77	5	the	the	DET
dem-1054	77	6	most	most	ADV
dem-1054	77	7	widely	widely	ADV
dem-1054	77	8	used	use	VERB
dem-1054	77	9	risk	risk	NOUN
dem-1054	77	10	measure	measure	NOUN
dem-1054	77	11	in	in	ADP
dem-1054	77	12	this	this	DET
dem-1054	77	13	case	case	NOUN
dem-1054	77	14	is	be	AUX
dem-1054	77	15	value	value	NOUN
dem-1054	77	16	-	-	PUNCT
dem-1054	77	17	at	at	ADP
dem-1054	77	18	-	-	PUNCT
dem-1054	77	19	risk	risk	NOUN
dem-1054	77	20	(	(	PUNCT
dem-1054	77	21	var	var	NOUN
dem-1054	77	22	)	)	PUNCT
dem-1054	77	23	.	.	PUNCT
dem-1054	78	1	several	several	ADJ
dem-1054	78	2	methods	method	NOUN
dem-1054	78	3	of	of	ADP
dem-1054	78	4	estimating	estimate	VERB
dem-1054	78	5	value	value	NOUN
dem-1054	78	6	-	-	PUNCT
dem-1054	78	7	at	at	ADP
dem-1054	78	8	-	-	PUNCT
dem-1054	78	9	risk	risk	NOUN
dem-1054	78	10	are	be	AUX
dem-1054	78	11	used	use	VERB
dem-1054	78	12	,	,	PUNCT
dem-1054	78	13	but	but	CCONJ
dem-1054	78	14	depend	depend	VERB
dem-1054	78	15	on	on	ADP
dem-1054	78	16	many	many	ADJ
dem-1054	78	17	aspects	aspect	NOUN
dem-1054	78	18	,	,	PUNCT
dem-1054	78	19	such	such	ADJ
dem-1054	78	20	as	as	ADP
dem-1054	78	21	statistical	statistical	ADJ
dem-1054	78	22	assumptions	assumption	NOUN
dem-1054	78	23	related	relate	VERB
dem-1054	78	24	to	to	ADP
dem-1054	78	25	the	the	DET
dem-1054	78	26	risk	risk	NOUN
dem-1054	78	27	factors	factor	NOUN
dem-1054	78	28	,	,	PUNCT
dem-1054	78	29	dependency	dependency	NOUN
dem-1054	78	30	between	between	ADP
dem-1054	78	31	these	these	DET
dem-1054	78	32	factors	factor	NOUN
dem-1054	78	33	or	or	CCONJ
dem-1054	78	34	the	the	DET
dem-1054	78	35	portfolio	portfolio	NOUN
dem-1054	78	36	structure	structure	NOUN
dem-1054	78	37	.	.	PUNCT
dem-1054	79	1	in	in	ADP
dem-1054	79	2	this	this	DET
dem-1054	79	3	paper	paper	NOUN
dem-1054	79	4	the	the	DET
dem-1054	79	5	quantile	quantile	ADJ
dem-1054	79	6	based	base	VERB
dem-1054	79	7	method	method	NOUN
dem-1054	79	8	for	for	ADP
dem-1054	79	9	estimating	estimate	VERB
dem-1054	79	10	var	var	NOUN
dem-1054	79	11	is	be	AUX
dem-1054	79	12	used	use	VERB
dem-1054	79	13	.	.	PUNCT
dem-1054	80	1	in	in	ADP
dem-1054	80	2	this	this	DET
dem-1054	80	3	method	method	NOUN
dem-1054	80	4	it	it	PRON
dem-1054	80	5	is	be	AUX
dem-1054	80	6	not	not	PART
dem-1054	80	7	necessary	necessary	ADJ
dem-1054	80	8	to	to	PART
dem-1054	80	9	assume	assume	VERB
dem-1054	80	10	the	the	DET
dem-1054	80	11	analytical	analytical	ADJ
dem-1054	80	12	form	form	NOUN
dem-1054	80	13	of	of	ADP
dem-1054	80	14	function	function	NOUN
dem-1054	80	15	which	which	PRON
dem-1054	80	16	describes	describe	VERB
dem-1054	80	17	the	the	DET
dem-1054	80	18	probability	probability	NOUN
dem-1054	80	19	distribution	distribution	NOUN
dem-1054	80	20	of	of	ADP
dem-1054	80	21	the	the	DET
dem-1054	80	22	risk	risk	NOUN
dem-1054	80	23	.	.	PUNCT
dem-1054	81	1	the	the	DET
dem-1054	81	2	historical	historical	ADJ
dem-1054	81	3	data	datum	NOUN
dem-1054	81	4	used	use	VERB
dem-1054	81	5	in	in	ADP
dem-1054	81	6	this	this	DET
dem-1054	81	7	method	method	NOUN
dem-1054	81	8	allows	allow	VERB
dem-1054	81	9	to	to	PART
dem-1054	81	10	estimate	estimate	VERB
dem-1054	81	11	parameters	parameter	NOUN
dem-1054	81	12	which	which	PRON
dem-1054	81	13	describe	describe	VERB
dem-1054	81	14	the	the	DET
dem-1054	81	15	real	real	ADJ
dem-1054	81	16	distribution	distribution	NOUN
dem-1054	81	17	of	of	ADP
dem-1054	81	18	return	return	NOUN
dem-1054	81	19	.	.	PUNCT
dem-1054	82	1	afterwards	afterwards	ADV
dem-1054	82	2	,	,	PUNCT
dem-1054	82	3	the	the	DET
dem-1054	82	4	−α	−α	PROPN
dem-1054	82	5	quantile	quantile	NOUN
dem-1054	82	6	of	of	ADP
dem-1054	82	7	the	the	DET
dem-1054	82	8	distribution	distribution	NOUN
dem-1054	82	9	is	be	AUX
dem-1054	82	10	estimated	estimate	VERB
dem-1054	82	11	which	which	PRON
dem-1054	82	12	allows	allow	VERB
dem-1054	82	13	to	to	PART
dem-1054	82	14	determine	determine	VERB
dem-1054	82	15	the	the	DET
dem-1054	82	16	var	var	NOUN
dem-1054	82	17	.	.	PUNCT
dem-1054	83	1	in	in	ADP
dem-1054	83	2	this	this	DET
dem-1054	83	3	method	method	NOUN
dem-1054	83	4	the	the	DET
dem-1054	83	5	most	most	ADV
dem-1054	83	6	important	important	ADJ
dem-1054	83	7	problem	problem	NOUN
dem-1054	83	8	is	be	AUX
dem-1054	83	9	to	to	PART
dem-1054	83	10	select	select	VERB
dem-1054	83	11	the	the	DET
dem-1054	83	12	proper	proper	ADJ
dem-1054	83	13	probability	probability	NOUN
dem-1054	83	14	distribution	distribution	NOUN
dem-1054	83	15	function	function	NOUN
dem-1054	83	16	,	,	PUNCT
dem-1054	83	17	especially	especially	ADV
dem-1054	83	18	if	if	SCONJ
dem-1054	83	19	the	the	DET
dem-1054	83	20	financial	financial	ADJ
dem-1054	83	21	time	time	NOUN
dem-1054	83	22	series	series	PROPN
dem-1054	83	23	are	be	AUX
dem-1054	83	24	analyzed	analyze	VERB
dem-1054	83	25	.	.	PUNCT
dem-1054	84	1	in	in	ADP
dem-1054	84	2	addition	addition	NOUN
dem-1054	84	3	,	,	PUNCT
dem-1054	84	4	some	some	DET
dem-1054	84	5	tests	test	NOUN
dem-1054	84	6	of	of	ADP
dem-1054	84	7	the	the	DET
dem-1054	84	8	fit	fit	NOUN
dem-1054	84	9	of	of	ADP
dem-1054	84	10	distribution	distribution	NOUN
dem-1054	84	11	have	have	VERB
dem-1054	84	12	to	to	PART
dem-1054	84	13	be	be	AUX
dem-1054	84	14	used	use	VERB
dem-1054	84	15	to	to	PART
dem-1054	84	16	verify	verify	VERB
dem-1054	84	17	the	the	DET
dem-1054	84	18	convergence	convergence	NOUN
dem-1054	84	19	between	between	ADP
dem-1054	84	20	empirical	empirical	ADJ
dem-1054	84	21	and	and	CCONJ
dem-1054	84	22	theoretical	theoretical	ADJ
dem-1054	84	23	distributions	distribution	NOUN
dem-1054	84	24	.	.	PUNCT
dem-1054	85	1	non	non	ADJ
dem-1054	85	2	-	-	ADJ
dem-1054	85	3	classical	classical	ADJ
dem-1054	85	4	measures	measure	NOUN
dem-1054	85	5	of	of	ADP
dem-1054	85	6	investment	investment	NOUN
dem-1054	85	7	risk	risk	NOUN
dem-1054	85	8	on	on	ADP
dem-1054	85	9	the	the	DET
dem-1054	85	10	market	market	NOUN
dem-1054	85	11	of	of	ADP
dem-1054	85	12	precious	precious	ADJ
dem-1054	85	13	…	…	PUNCT
dem-1054	85	14	dynamic	dynamic	ADJ
dem-1054	85	15	econometric	econometric	ADJ
dem-1054	85	16	models	model	NOUN
dem-1054	85	17	12	12	NUM
dem-1054	85	18	(	(	PUNCT
dem-1054	85	19	2012	2012	NUM
dem-1054	85	20	)	)	PUNCT
dem-1054	85	21	89–103	89–103	NUM
dem-1054	85	22	93	93	NUM
dem-1054	85	23	2	2	NUM
dem-1054	85	24	.	.	PUNCT
dem-1054	86	1	non	non	ADJ
dem-1054	86	2	-	-	ADJ
dem-1054	86	3	classical	classical	ADJ
dem-1054	86	4	risk	risk	NOUN
dem-1054	86	5	measures	measure	VERB
dem-1054	86	6	the	the	DET
dem-1054	86	7	tail	tail	NOUN
dem-1054	86	8	analysis	analysis	NOUN
dem-1054	86	9	of	of	ADP
dem-1054	86	10	empirical	empirical	ADJ
dem-1054	86	11	distributions	distribution	NOUN
dem-1054	86	12	requires	require	VERB
dem-1054	86	13	to	to	PART
dem-1054	86	14	define	define	VERB
dem-1054	86	15	some	some	DET
dem-1054	86	16	class	class	NOUN
dem-1054	86	17	of	of	ADP
dem-1054	86	18	measures	measure	NOUN
dem-1054	86	19	which	which	PRON
dem-1054	86	20	allow	allow	VERB
dem-1054	86	21	to	to	PART
dem-1054	86	22	asses	ass	NOUN
dem-1054	86	23	risk	risk	NOUN
dem-1054	86	24	related	relate	VERB
dem-1054	86	25	to	to	ADP
dem-1054	86	26	the	the	DET
dem-1054	86	27	values	value	NOUN
dem-1054	86	28	significantly	significantly	ADV
dem-1054	86	29	distant	distant	ADJ
dem-1054	86	30	from	from	ADP
dem-1054	86	31	the	the	DET
dem-1054	86	32	central	central	ADJ
dem-1054	86	33	part	part	NOUN
dem-1054	86	34	of	of	ADP
dem-1054	86	35	the	the	DET
dem-1054	86	36	distribution	distribution	NOUN
dem-1054	86	37	.	.	PUNCT
dem-1054	87	1	in	in	ADP
dem-1054	87	2	this	this	DET
dem-1054	87	3	matter	matter	NOUN
dem-1054	87	4	the	the	DET
dem-1054	87	5	quantile	quantile	ADJ
dem-1054	87	6	risk	risk	NOUN
dem-1054	87	7	measures	measure	NOUN
dem-1054	87	8	are	be	AUX
dem-1054	87	9	considered	consider	VERB
dem-1054	87	10	.	.	PUNCT
dem-1054	88	1	the	the	DET
dem-1054	88	2	idea	idea	NOUN
dem-1054	88	3	of	of	ADP
dem-1054	88	4	quantile	quantile	ADJ
dem-1054	88	5	risk	risk	NOUN
dem-1054	88	6	measures	measure	NOUN
dem-1054	88	7	is	be	AUX
dem-1054	88	8	based	base	VERB
dem-1054	88	9	on	on	ADP
dem-1054	88	10	the	the	DET
dem-1054	88	11	value	value	NOUN
dem-1054	88	12	-	-	PUNCT
dem-1054	88	13	at	at	ADP
dem-1054	88	14	-	-	PUNCT
dem-1054	88	15	risk	risk	NOUN
dem-1054	88	16	(	(	PUNCT
dem-1054	88	17	var	var	NOUN
dem-1054	88	18	)	)	PUNCT
dem-1054	88	19	methodology	methodology	NOUN
dem-1054	88	20	,	,	PUNCT
dem-1054	88	21	which	which	PRON
dem-1054	88	22	is	be	AUX
dem-1054	88	23	one	one	NUM
dem-1054	88	24	of	of	ADP
dem-1054	88	25	the	the	DET
dem-1054	88	26	most	most	ADV
dem-1054	88	27	popular	popular	ADJ
dem-1054	88	28	risk	risk	NOUN
dem-1054	88	29	measures	measure	NOUN
dem-1054	88	30	used	use	VERB
dem-1054	88	31	in	in	ADP
dem-1054	88	32	practice	practice	NOUN
dem-1054	88	33	.	.	PUNCT
dem-1054	89	1	its	its	PRON
dem-1054	89	2	principal	principal	ADJ
dem-1054	89	3	advantage	advantage	NOUN
dem-1054	89	4	is	be	AUX
dem-1054	89	5	that	that	SCONJ
dem-1054	89	6	the	the	DET
dem-1054	89	7	var	var	NOUN
dem-1054	89	8	conveys	convey	VERB
dem-1054	89	9	straightforward	straightforward	ADJ
dem-1054	89	10	information	information	NOUN
dem-1054	89	11	about	about	ADP
dem-1054	89	12	potential	potential	ADJ
dem-1054	89	13	loss	loss	NOUN
dem-1054	89	14	as	as	ADP
dem-1054	89	15	a	a	DET
dem-1054	89	16	result	result	NOUN
dem-1054	89	17	of	of	ADP
dem-1054	89	18	an	an	DET
dem-1054	89	19	investment	investment	NOUN
dem-1054	89	20	.	.	PUNCT
dem-1054	90	1	however	however	ADV
dem-1054	90	2	,	,	PUNCT
dem-1054	90	3	such	such	ADJ
dem-1054	90	4	information	information	NOUN
dem-1054	90	5	does	do	AUX
dem-1054	90	6	not	not	PART
dem-1054	90	7	include	include	VERB
dem-1054	90	8	cases	case	NOUN
dem-1054	90	9	where	where	SCONJ
dem-1054	90	10	some	some	DET
dem-1054	90	11	extreme	extreme	ADJ
dem-1054	90	12	observation	observation	NOUN
dem-1054	90	13	occurs	occur	VERB
dem-1054	90	14	.	.	PUNCT
dem-1054	91	1	hence	hence	ADV
dem-1054	91	2	is	be	AUX
dem-1054	91	3	not	not	PART
dem-1054	91	4	a	a	DET
dem-1054	91	5	good	good	ADJ
dem-1054	91	6	measure	measure	NOUN
dem-1054	91	7	.	.	PUNCT
dem-1054	92	1	artzner	artzner	ADJ
dem-1054	92	2	,	,	PUNCT
dem-1054	92	3	delbean	delbean	PROPN
dem-1054	92	4	,	,	PUNCT
dem-1054	92	5	eber	eber	PROPN
dem-1054	92	6	and	and	CCONJ
dem-1054	92	7	heat	heat	PROPN
dem-1054	92	8	(	(	PUNCT
dem-1054	92	9	artzner	artzner	NOUN
dem-1054	92	10	et	et	PROPN
dem-1054	92	11	al	al	PROPN
dem-1054	92	12	.	.	PROPN
dem-1054	92	13	,	,	PUNCT
dem-1054	92	14	1997	1997	NUM
dem-1054	92	15	)	)	PUNCT
dem-1054	92	16	have	have	AUX
dem-1054	92	17	proposed	propose	VERB
dem-1054	92	18	the	the	DET
dem-1054	92	19	set	set	NOUN
dem-1054	92	20	of	of	ADP
dem-1054	92	21	axioms	axiom	NOUN
dem-1054	92	22	which	which	PRON
dem-1054	92	23	have	have	VERB
dem-1054	92	24	to	to	PART
dem-1054	92	25	be	be	AUX
dem-1054	92	26	met	meet	VERB
dem-1054	92	27	by	by	ADP
dem-1054	92	28	a	a	DET
dem-1054	92	29	good	good	ADJ
dem-1054	92	30	risk	risk	NOUN
dem-1054	92	31	measure	measure	NOUN
dem-1054	92	32	.	.	PUNCT
dem-1054	93	1	these	these	DET
dem-1054	93	2	axioms	axiom	NOUN
dem-1054	93	3	define	define	VERB
dem-1054	93	4	a	a	DET
dem-1054	93	5	coherent	coherent	ADJ
dem-1054	93	6	risk	risk	NOUN
dem-1054	93	7	measure	measure	NOUN
dem-1054	93	8	.	.	PUNCT
dem-1054	94	1	if	if	SCONJ
dem-1054	94	2	ϑ	ϑ	NOUN
dem-1054	94	3	is	be	AUX
dem-1054	94	4	a	a	DET
dem-1054	94	5	coherent	coherent	ADJ
dem-1054	94	6	risk	risk	NOUN
dem-1054	94	7	measure	measure	NOUN
dem-1054	94	8	for	for	ADP
dem-1054	94	9	a	a	DET
dem-1054	94	10	set	set	NOUN
dem-1054	94	11	of	of	ADP
dem-1054	94	12	random	random	ADJ
dem-1054	94	13	variables	variable	NOUN
dem-1054	94	14	y	y	PROPN
dem-1054	94	15	(	(	PUNCT
dem-1054	94	16	defined	define	VERB
dem-1054	94	17	on	on	ADP
dem-1054	94	18	some	some	DET
dem-1054	94	19	probability	probability	NOUN
dem-1054	94	20	space	space	NOUN
dem-1054	94	21	)	)	PUNCT
dem-1054	94	22	,	,	PUNCT
dem-1054	94	23	such	such	ADJ
dem-1054	94	24	as	as	ADP
dem-1054	94	25	+	+	PROPN
dem-1054	94	26	→	→	SYM
dem-1054	94	27	ry:ϑ	ry:ϑ	NOUN
dem-1054	94	28	,	,	PUNCT
dem-1054	94	29	a	a	DET
dem-1054	94	30	measure	measure	NOUN
dem-1054	94	31	ϑ	ϑ	PART
dem-1054	94	32	have	have	VERB
dem-1054	94	33	to	to	PART
dem-1054	94	34	be	be	AUX
dem-1054	94	35	:	:	PUNCT
dem-1054	94	36	sub	sub	ADJ
dem-1054	94	37	-	-	ADJ
dem-1054	94	38	additive	additive	ADJ
dem-1054	94	39	,	,	PUNCT
dem-1054	94	40	for	for	ADP
dem-1054	94	41	any	any	PRON
dem-1054	94	42	(	(	PUNCT
dem-1054	94	43	)	)	PUNCT
dem-1054	94	44	(	(	PUNCT
dem-1054	94	45	)	)	PUNCT
dem-1054	94	46	(	(	PUNCT
dem-1054	94	47	)	)	PUNCT
dem-1054	94	48	212121	212121	NUM
dem-1054	94	49	:	:	PUNCT
dem-1054	94	50	,	,	PUNCT
dem-1054	94	51	xxxxyxx	xxxxyxx	PROPN
dem-1054	94	52	ϑϑϑ	ϑϑϑ	VERB
dem-1054	95	1	+	+	NOUN
dem-1054	95	2	≤+∈	≤+∈	ADJ
dem-1054	95	3	positively	positively	ADV
dem-1054	95	4	homogeneous	homogeneous	ADJ
dem-1054	95	5	,	,	PUNCT
dem-1054	95	6	for	for	ADP
dem-1054	95	7	any	any	DET
dem-1054	95	8	0≥λ	0≥λ	PROPN
dem-1054	95	9	and	and	CCONJ
dem-1054	95	10	(	(	PUNCT
dem-1054	95	11	)	)	PUNCT
dem-1054	95	12	(	(	PUNCT
dem-1054	95	13	)	)	PUNCT
dem-1054	95	14	xxyx	xxyx	NOUN
dem-1054	95	15	λϑλϑ	λϑλϑ	VERB
dem-1054	96	1	=	=	X
dem-1054	96	2	∈	∈	PROPN
dem-1054	96	3	:	:	PUNCT
dem-1054	96	4	monotonous	monotonous	ADJ
dem-1054	96	5	,	,	PUNCT
dem-1054	96	6	for	for	ADP
dem-1054	96	7	any	any	DET
dem-1054	96	8	yxx	yxx	NOUN
dem-1054	96	9	∈21	∈21	NOUN
dem-1054	96	10	,	,	PUNCT
dem-1054	96	11	if	if	SCONJ
dem-1054	96	12	only	only	ADV
dem-1054	96	13	(	(	PUNCT
dem-1054	96	14	)	)	PUNCT
dem-1054	96	15	(	(	PUNCT
dem-1054	96	16	)	)	PUNCT
dem-1054	96	17	2121	2121	NUM
dem-1054	96	18	:	:	PUNCT
dem-1054	96	19	xxxx	xxxx	PROPN
dem-1054	96	20	ϑϑ	ϑϑ	VERB
dem-1054	96	21	≤≤	≤≤	NUM
dem-1054	96	22	translation	translation	NOUN
dem-1054	96	23	invariant	invariant	ADJ
dem-1054	96	24	,	,	PUNCT
dem-1054	96	25	for	for	ADP
dem-1054	96	26	any	any	PRON
dem-1054	96	27	(	(	PUNCT
dem-1054	96	28	)	)	PUNCT
dem-1054	96	29	(	(	PUNCT
dem-1054	96	30	)	)	PUNCT
dem-1054	96	31	cxcxrcyx	cxcxrcyx	NOUN
dem-1054	97	1	+	+	NOUN
dem-1054	97	2	=	=	ADJ
dem-1054	97	3	+	+	NOUN
dem-1054	97	4	∈∈	∈∈	NOUN
dem-1054	97	5	ϑϑ	ϑϑ	VERB
dem-1054	97	6	:	:	PUNCT
dem-1054	97	7	,	,	PUNCT
dem-1054	97	8	as	as	SCONJ
dem-1054	97	9	was	be	AUX
dem-1054	97	10	mentioned	mention	VERB
dem-1054	97	11	above	above	ADV
dem-1054	97	12	,	,	PUNCT
dem-1054	97	13	var	var	NOUN
dem-1054	97	14	is	be	AUX
dem-1054	97	15	one	one	NUM
dem-1054	97	16	of	of	ADP
dem-1054	97	17	the	the	DET
dem-1054	97	18	most	most	ADV
dem-1054	97	19	popular	popular	ADJ
dem-1054	97	20	quantile	quantile	ADJ
dem-1054	97	21	measure	measure	NOUN
dem-1054	97	22	used	use	VERB
dem-1054	97	23	by	by	ADP
dem-1054	97	24	practitioners	practitioner	NOUN
dem-1054	97	25	.	.	PUNCT
dem-1054	98	1	it	it	PRON
dem-1054	98	2	gives	give	VERB
dem-1054	98	3	an	an	DET
dem-1054	98	4	answer	answer	NOUN
dem-1054	98	5	to	to	ADP
dem-1054	98	6	a	a	DET
dem-1054	98	7	question	question	NOUN
dem-1054	98	8	of	of	ADP
dem-1054	98	9	what	what	PRON
dem-1054	98	10	is	be	AUX
dem-1054	98	11	the	the	DET
dem-1054	98	12	maximum	maximum	ADJ
dem-1054	98	13	loss	loss	NOUN
dem-1054	98	14	incurred	incur	VERB
dem-1054	98	15	by	by	ADP
dem-1054	98	16	an	an	DET
dem-1054	98	17	investor	investor	NOUN
dem-1054	98	18	(	(	PUNCT
dem-1054	98	19	or	or	CCONJ
dem-1054	98	20	institution	institution	NOUN
dem-1054	98	21	)	)	PUNCT
dem-1054	98	22	from	from	ADP
dem-1054	98	23	an	an	DET
dem-1054	98	24	investment	investment	NOUN
dem-1054	98	25	in	in	ADP
dem-1054	98	26	some	some	DET
dem-1054	98	27	specified	specify	VERB
dem-1054	98	28	time	time	NOUN
dem-1054	98	29	horizon	horizon	NOUN
dem-1054	98	30	.	.	PUNCT
dem-1054	99	1	this	this	DET
dem-1054	99	2	loss	loss	NOUN
dem-1054	99	3	may	may	AUX
dem-1054	99	4	occur	occur	VERB
dem-1054	99	5	with	with	ADP
dem-1054	99	6	some	some	DET
dem-1054	99	7	probability	probability	NOUN
dem-1054	99	8	α	α	PRON
dem-1054	99	9	called	call	VERB
dem-1054	99	10	tolerance	tolerance	NOUN
dem-1054	99	11	level	level	NOUN
dem-1054	99	12	.	.	PUNCT
dem-1054	100	1	maintaining	maintain	VERB
dem-1054	100	2	previous	previous	ADJ
dem-1054	100	3	assumptions	assumption	NOUN
dem-1054	100	4	and	and	CCONJ
dem-1054	100	5	defining	define	VERB
dem-1054	100	6	value	value	NOUN
dem-1054	100	7	-	-	PUNCT
dem-1054	100	8	at	at	ADP
dem-1054	100	9	-	-	PUNCT
dem-1054	100	10	risk	risk	NOUN
dem-1054	100	11	at	at	ADP
dem-1054	100	12	the	the	DET
dem-1054	100	13	confidence	confidence	NOUN
dem-1054	100	14	level	level	NOUN
dem-1054	100	15	α	α	NOUN
dem-1054	100	16	,	,	PUNCT
dem-1054	100	17	i.e.	i.e.	X
dem-1054	100	18	(	(	PUNCT
dem-1054	100	19	)	)	PUNCT
dem-1054	100	20	xvarα	xvarα	NOUN
dem-1054	100	21	,	,	PUNCT
dem-1054	100	22	it	it	PRON
dem-1054	100	23	is	be	AUX
dem-1054	100	24	possible	possible	ADJ
dem-1054	100	25	to	to	PART
dem-1054	100	26	calculate	calculate	VERB
dem-1054	100	27	coherent	coherent	ADJ
dem-1054	100	28	risk	risk	NOUN
dem-1054	100	29	measures	measure	NOUN
dem-1054	100	30	determining	determine	VERB
dem-1054	100	31	expected	expect	VERB
dem-1054	100	32	value	value	NOUN
dem-1054	100	33	(	(	PUNCT
dem-1054	100	34	in	in	ADP
dem-1054	100	35	terms	term	NOUN
dem-1054	100	36	of	of	ADP
dem-1054	100	37	mean	mean	NOUN
dem-1054	100	38	and	and	CCONJ
dem-1054	100	39	median	median	ADJ
dem-1054	100	40	)	)	PUNCT
dem-1054	100	41	of	of	ADP
dem-1054	100	42	an	an	DET
dem-1054	100	43	investment	investment	NOUN
dem-1054	100	44	exceeding	exceed	VERB
dem-1054	100	45	potential	potential	ADJ
dem-1054	100	46	loss	loss	NOUN
dem-1054	100	47	beyond	beyond	ADP
dem-1054	100	48	var	var	NOUN
dem-1054	100	49	:	:	PUNCT
dem-1054	100	50	the	the	DET
dem-1054	100	51	expected	expect	VERB
dem-1054	100	52	shortfall	shortfall	NOUN
dem-1054	100	53	and	and	CCONJ
dem-1054	100	54	median	median	ADJ
dem-1054	100	55	shortfall	shortfall	NOUN
dem-1054	100	56	.	.	PUNCT
dem-1054	101	1	these	these	DET
dem-1054	101	2	measures	measure	NOUN
dem-1054	101	3	are	be	AUX
dem-1054	101	4	calculated	calculate	VERB
dem-1054	101	5	using	use	VERB
dem-1054	101	6	formula	formula	NOUN
dem-1054	101	7	:	:	PUNCT
dem-1054	101	8	(	(	PUNCT
dem-1054	101	9	)	)	PUNCT
dem-1054	101	10	(	(	PUNCT
dem-1054	101	11	)	)	PUNCT
dem-1054	101	12	(	(	PUNCT
dem-1054	101	13	)	)	PUNCT
dem-1054	101	14	[	[	PUNCT
dem-1054	101	15	]	]	X
dem-1054	101	16	,	,	PUNCT
dem-1054	101	17	xvarxxvarxexes	xvarxxvarxexes	PROPN
dem-1054	101	18	ααα	ααα	VERB
dem-1054	101	19	>	>	PUNCT
dem-1054	101	20	−=	−=	X
dem-1054	101	21	(	(	PUNCT
dem-1054	101	22	3	3	NUM
dem-1054	101	23	)	)	PUNCT
dem-1054	101	24	(	(	PUNCT
dem-1054	101	25	)	)	PUNCT
dem-1054	101	26	(	(	PUNCT
dem-1054	101	27	)	)	PUNCT
dem-1054	101	28	(	(	PUNCT
dem-1054	101	29	)	)	PUNCT
dem-1054	101	30	[	[	PUNCT
dem-1054	101	31	]	]	X
dem-1054	101	32	,	,	PUNCT
dem-1054	101	33	xvarxxvarxmedianxms	xvarxxvarxmedianxms	PROPN
dem-1054	101	34	ααα	ααα	VERB
dem-1054	101	35	>	>	PUNCT
dem-1054	101	36	−=	−=	X
dem-1054	101	37	(	(	PUNCT
dem-1054	101	38	4	4	X
dem-1054	101	39	)	)	PUNCT
dem-1054	101	40	these	these	DET
dem-1054	101	41	measures	measure	NOUN
dem-1054	101	42	inform	inform	VERB
dem-1054	101	43	about	about	ADP
dem-1054	101	44	the	the	DET
dem-1054	101	45	possible	possible	ADJ
dem-1054	101	46	expected	expect	VERB
dem-1054	101	47	loss	loss	NOUN
dem-1054	101	48	beyond	beyond	ADP
dem-1054	101	49	the	the	DET
dem-1054	101	50	level	level	NOUN
dem-1054	101	51	represented	represent	VERB
dem-1054	101	52	by	by	ADP
dem-1054	101	53	var	var	NOUN
dem-1054	101	54	.	.	PUNCT
dem-1054	102	1	in	in	ADP
dem-1054	102	2	other	other	ADJ
dem-1054	102	3	words	word	NOUN
dem-1054	102	4	,	,	PUNCT
dem-1054	102	5	what	what	PRON
dem-1054	102	6	follows	follow	VERB
dem-1054	102	7	from	from	ADP
dem-1054	102	8	(	(	PUNCT
dem-1054	102	9	3	3	NUM
dem-1054	102	10	)	)	PUNCT
dem-1054	102	11	and	and	CCONJ
dem-1054	102	12	(	(	PUNCT
dem-1054	102	13	4	4	X
dem-1054	102	14	)	)	PUNCT
dem-1054	102	15	is	be	AUX
dem-1054	102	16	that	that	PRON
dem-1054	102	17	for	for	ADP
dem-1054	102	18	any	any	DET
dem-1054	102	19	given	give	VERB
dem-1054	102	20	α	α	NOUN
dem-1054	102	21	there	there	PRON
dem-1054	102	22	exists	exist	VERB
dem-1054	102	23	one	one	NUM
dem-1054	102	24	-	-	PUNCT
dem-1054	102	25	step	step	NOUN
dem-1054	102	26	-	-	PUNCT
dem-1054	102	27	ahead	ahead	NOUN
dem-1054	102	28	prediction	prediction	NOUN
dem-1054	102	29	representing	represent	VERB
dem-1054	102	30	expected	expect	VERB
dem-1054	102	31	value	value	NOUN
dem-1054	102	32	(	(	PUNCT
dem-1054	102	33	in	in	ADP
dem-1054	102	34	terms	term	NOUN
dem-1054	102	35	of	of	ADP
dem-1054	102	36	mean	mean	NOUN
dem-1054	102	37	and	and	CCONJ
dem-1054	102	38	median	median	ADJ
dem-1054	102	39	)	)	PUNCT
dem-1054	102	40	of	of	ADP
dem-1054	102	41	loss	loss	NOUN
dem-1054	102	42	beyond	beyond	ADP
dem-1054	102	43	the	the	DET
dem-1054	102	44	var	var	NOUN
dem-1054	102	45	.	.	PUNCT
dem-1054	103	1	additionally	additionally	ADV
dem-1054	103	2	,	,	PUNCT
dem-1054	103	3	taking	take	VERB
dem-1054	103	4	into	into	ADP
dem-1054	103	5	account	account	NOUN
dem-1054	103	6	certain	certain	ADJ
dem-1054	103	7	tails	tail	NOUN
dem-1054	103	8	’	'	PUNCT
dem-1054	103	9	characteristics	characteristic	NOUN
dem-1054	103	10	of	of	ADP
dem-1054	103	11	empirical	empirical	ADJ
dem-1054	103	12	distributions	distribution	NOUN
dem-1054	103	13	it	it	PRON
dem-1054	103	14	is	be	AUX
dem-1054	103	15	necessary	necessary	ADJ
dem-1054	103	16	to	to	PART
dem-1054	103	17	compare	compare	VERB
dem-1054	103	18	if	if	SCONJ
dem-1054	103	19	expected	expect	VERB
dem-1054	103	20	profits	profit	NOUN
dem-1054	103	21	exceed	exceed	VERB
dem-1054	103	22	expected	expect	VERB
dem-1054	103	23	losses	loss	NOUN
dem-1054	103	24	.	.	PUNCT
dem-1054	104	1	an	an	DET
dem-1054	104	2	interesting	interesting	ADJ
dem-1054	104	3	tool	tool	NOUN
dem-1054	104	4	has	have	AUX
dem-1054	104	5	been	be	AUX
dem-1054	104	6	proposed	propose	VERB
dem-1054	104	7	by	by	ADP
dem-1054	104	8	rachev	rachev	NOUN
dem-1054	104	9	–	–	PUNCT
dem-1054	104	10	the	the	DET
dem-1054	104	11	rachev	rachev	PROPN
dem-1054	104	12	ratio	ratio	NOUN
dem-1054	104	13	ratior	ratior	NOUN
dem-1054	104	14	−	−	PROPN
dem-1054	105	1	(	(	PUNCT
dem-1054	105	2	biglova	biglova	PROPN
dem-1054	105	3	,	,	PUNCT
dem-1054	105	4	ortobelli	ortobelli	PROPN
dem-1054	105	5	,	,	PUNCT
dem-1054	105	6	rachev	rachev	VERB
dem-1054	105	7	,	,	PUNCT
dem-1054	105	8	stoyanov	stoyanov	PROPN
dem-1054	105	9	,	,	PUNCT
dem-1054	105	10	2004	2004	NUM
dem-1054	105	11	)	)	PUNCT
dem-1054	105	12	.	.	PUNCT
dem-1054	106	1	this	this	DET
dem-1054	106	2	measure	measure	NOUN
dem-1054	106	3	is	be	AUX
dem-1054	106	4	calculated	calculate	VERB
dem-1054	106	5	using	use	VERB
dem-1054	106	6	formula	formula	NOUN
dem-1054	106	7	:	:	PUNCT
dem-1054	106	8	dominik	dominik	PROPN
dem-1054	106	9	krężołek	krężołek	PROPN
dem-1054	106	10	dynamic	dynamic	ADJ
dem-1054	106	11	econometric	econometric	ADJ
dem-1054	106	12	models	model	NOUN
dem-1054	106	13	12	12	NUM
dem-1054	106	14	(	(	PUNCT
dem-1054	106	15	2012	2012	NUM
dem-1054	106	16	)	)	PUNCT
dem-1054	106	17	89–103	89–103	NUM
dem-1054	106	18	94	94	NUM
dem-1054	106	19	(	(	PUNCT
dem-1054	106	20	)	)	PUNCT
dem-1054	106	21	(	(	PUNCT
dem-1054	106	22	)	)	PUNCT
dem-1054	106	23	(	(	PUNCT
dem-1054	106	24	)	)	PUNCT
dem-1054	106	25	(	(	PUNCT
dem-1054	106	26	)	)	PUNCT
dem-1054	107	1	|	|	ADV
dem-1054	107	2	|	|	ADV
dem-1054	107	3	e	e	NOUN
dem-1054	107	4	x	x	SYM
dem-1054	107	5	x	x	PUNCT
dem-1054	107	6	var	var	NOUN
dem-1054	107	7	x	x	X
dem-1054	108	1	r	r	NOUN
dem-1054	108	2	ratio	ratio	NOUN
dem-1054	108	3	e	e	NOUN
dem-1054	108	4	x	x	SYM
dem-1054	108	5	x	x	PUNCT
dem-1054	108	6	var	var	NOUN
dem-1054	108	7	x	x	X
dem-1054	108	8	α	α	NOUN
dem-1054	108	9	β	β	X
dem-1054	108	10	≥	≥	NOUN
dem-1054	108	11	−	−	NOUN
dem-1054	108	12	−	−	NOUN
dem-1054	108	13	−	−	PROPN
dem-1054	108	14	=	=	SYM
dem-1054	108	15	≤	≤	NOUN
dem-1054	108	16	(	(	PUNCT
dem-1054	108	17	5	5	NUM
dem-1054	108	18	)	)	PUNCT
dem-1054	108	19	if	if	SCONJ
dem-1054	108	20	the	the	DET
dem-1054	108	21	random	random	ADJ
dem-1054	108	22	variable	variable	NOUN
dem-1054	108	23	x	x	PUNCT
dem-1054	108	24	represents	represent	VERB
dem-1054	108	25	profit	profit	NOUN
dem-1054	108	26	or	or	CCONJ
dem-1054	108	27	loss	loss	NOUN
dem-1054	108	28	from	from	ADP
dem-1054	108	29	a	a	DET
dem-1054	108	30	given	give	VERB
dem-1054	108	31	investment	investment	NOUN
dem-1054	108	32	,	,	PUNCT
dem-1054	108	33	the	the	DET
dem-1054	108	34	rachev	rachev	PROPN
dem-1054	108	35	ratio	ratio	NOUN
dem-1054	108	36	−r	−r	PROPN
dem-1054	108	37	ratio	ratio	NOUN
dem-1054	108	38	defines	define	VERB
dem-1054	108	39	the	the	DET
dem-1054	108	40	ratio	ratio	NOUN
dem-1054	108	41	of	of	ADP
dem-1054	108	42	expected	expect	VERB
dem-1054	108	43	profit	profit	NOUN
dem-1054	108	44	above	above	ADP
dem-1054	108	45	the	the	DET
dem-1054	108	46	var	var	NOUN
dem-1054	108	47	value	value	NOUN
dem-1054	108	48	(	(	PUNCT
dem-1054	108	49	for	for	ADP
dem-1054	108	50	a	a	DET
dem-1054	108	51	given	give	VERB
dem-1054	108	52	−thα	−thα	ADJ
dem-1054	108	53	quantile	quantile	NOUN
dem-1054	108	54	)	)	PUNCT
dem-1054	108	55	to	to	PART
dem-1054	108	56	expected	expect	VERB
dem-1054	108	57	losses	loss	NOUN
dem-1054	108	58	below	below	ADP
dem-1054	108	59	the	the	DET
dem-1054	108	60	var	var	NOUN
dem-1054	108	61	value	value	NOUN
dem-1054	108	62	(	(	PUNCT
dem-1054	108	63	for	for	ADP
dem-1054	108	64	a	a	DET
dem-1054	108	65	given	give	VERB
dem-1054	108	66	−thβ	−thβ	NOUN
dem-1054	108	67	quantile	quantile	NOUN
dem-1054	108	68	)	)	PUNCT
dem-1054	108	69	.	.	PUNCT
dem-1054	109	1	if	if	SCONJ
dem-1054	109	2	(	(	PUNCT
dem-1054	109	3	in	in	ADP
dem-1054	109	4	a	a	DET
dem-1054	109	5	special	special	ADJ
dem-1054	109	6	case	case	NOUN
dem-1054	109	7	)	)	PUNCT
dem-1054	109	8	αβ	αβ	ADV
dem-1054	109	9	−=1	−=1	VERB
dem-1054	109	10	,	,	PUNCT
dem-1054	109	11	then	then	ADV
dem-1054	109	12	the	the	DET
dem-1054	109	13	values	value	NOUN
dem-1054	109	14	of	of	ADP
dem-1054	109	15	−r	−r	ADJ
dem-1054	109	16	ratio	ratio	NOUN
dem-1054	109	17	are	be	AUX
dem-1054	109	18	interpreted	interpret	VERB
dem-1054	109	19	as	as	SCONJ
dem-1054	109	20	follows	follow	VERB
dem-1054	109	21	:	:	PUNCT
dem-1054	109	22	−	−	PROPN
dem-1054	109	23	1r	1r	NUM
dem-1054	109	24	ratio−	ratio−	NOUN
dem-1054	109	25	=	=	PUNCT
dem-1054	109	26	–	–	PUNCT
dem-1054	109	27	expected	expect	VERB
dem-1054	109	28	profits	profit	NOUN
dem-1054	109	29	are	be	AUX
dem-1054	109	30	equals	equal	VERB
dem-1054	109	31	to	to	PART
dem-1054	109	32	expected	expect	VERB
dem-1054	109	33	losses	loss	NOUN
dem-1054	109	34	,	,	PUNCT
dem-1054	109	35	−	−	PROPN
dem-1054	109	36	1r	1r	NUM
dem-1054	109	37	ratio−	ratio−	NOUN
dem-1054	109	38	>	>	X
dem-1054	109	39	–	–	PUNCT
dem-1054	109	40	expected	expect	VERB
dem-1054	109	41	profits	profit	NOUN
dem-1054	109	42	exceed	exceed	VERB
dem-1054	109	43	expected	expect	VERB
dem-1054	109	44	losses	loss	NOUN
dem-1054	109	45	,	,	PUNCT
dem-1054	109	46	−	−	PROPN
dem-1054	109	47	1r	1r	NUM
dem-1054	109	48	ratio−	ratio−	NOUN
dem-1054	109	49	<	<	X
dem-1054	109	50	–	–	PUNCT
dem-1054	109	51	expected	expect	VERB
dem-1054	109	52	profits	profit	NOUN
dem-1054	109	53	are	be	AUX
dem-1054	109	54	lower	low	ADJ
dem-1054	109	55	than	than	ADP
dem-1054	109	56	expected	expect	VERB
dem-1054	109	57	losses	loss	NOUN
dem-1054	109	58	.	.	PUNCT
dem-1054	110	1	the	the	DET
dem-1054	110	2	risk	risk	NOUN
dem-1054	110	3	assessment	assessment	NOUN
dem-1054	110	4	using	use	VERB
dem-1054	110	5	−r	−r	ADJ
dem-1054	110	6	ratio	ratio	NOUN
dem-1054	110	7	is	be	AUX
dem-1054	110	8	based	base	VERB
dem-1054	110	9	on	on	ADP
dem-1054	110	10	maximizing	maximize	VERB
dem-1054	110	11	its	its	PRON
dem-1054	110	12	values	value	NOUN
dem-1054	110	13	.	.	PUNCT
dem-1054	111	1	3	3	X
dem-1054	111	2	.	.	X
dem-1054	111	3	empirical	empirical	ADJ
dem-1054	111	4	analysis	analysis	NOUN
dem-1054	111	5	the	the	DET
dem-1054	111	6	practical	practical	ADJ
dem-1054	111	7	application	application	NOUN
dem-1054	111	8	of	of	ADP
dem-1054	111	9	some	some	DET
dem-1054	111	10	non	non	ADJ
dem-1054	111	11	-	-	ADJ
dem-1054	111	12	classical	classical	ADJ
dem-1054	111	13	risk	risk	NOUN
dem-1054	111	14	measures	measure	NOUN
dem-1054	111	15	is	be	AUX
dem-1054	111	16	presented	present	VERB
dem-1054	111	17	here	here	ADV
dem-1054	111	18	in	in	ADP
dem-1054	111	19	the	the	DET
dem-1054	111	20	relation	relation	NOUN
dem-1054	111	21	to	to	ADP
dem-1054	111	22	the	the	DET
dem-1054	111	23	market	market	NOUN
dem-1054	111	24	of	of	ADP
dem-1054	111	25	precious	precious	ADJ
dem-1054	111	26	non	non	ADJ
dem-1054	111	27	-	-	ADJ
dem-1054	111	28	ferrous	ferrous	ADJ
dem-1054	111	29	metals	metal	NOUN
dem-1054	111	30	,	,	PUNCT
dem-1054	111	31	represented	represent	VERB
dem-1054	111	32	by	by	ADP
dem-1054	111	33	the	the	DET
dem-1054	111	34	time	time	NOUN
dem-1054	111	35	series	series	NOUN
dem-1054	111	36	of	of	ADP
dem-1054	111	37	2902	2902	NUM
dem-1054	111	38	daily	daily	ADJ
dem-1054	111	39	log	log	NOUN
dem-1054	111	40	-	-	PUNCT
dem-1054	111	41	returns	return	NOUN
dem-1054	111	42	of	of	ADP
dem-1054	111	43	the	the	DET
dem-1054	111	44	prices	price	NOUN
dem-1054	111	45	of	of	ADP
dem-1054	111	46	gold	gold	NOUN
dem-1054	111	47	,	,	PUNCT
dem-1054	111	48	silver	silver	NOUN
dem-1054	111	49	,	,	PUNCT
dem-1054	111	50	platinum	platinum	NOUN
dem-1054	111	51	and	and	CCONJ
dem-1054	111	52	palladium	palladium	NOUN
dem-1054	111	53	in	in	ADP
dem-1054	111	54	period	period	NOUN
dem-1054	111	55	of	of	ADP
dem-1054	111	56	january	january	PROPN
dem-1054	111	57	2000	2000	NUM
dem-1054	111	58	–	–	PUNCT
dem-1054	111	59	june	june	PROPN
dem-1054	111	60	20111	20111	NUM
dem-1054	111	61	.	.	PUNCT
dem-1054	112	1	as	as	SCONJ
dem-1054	112	2	presented	present	VERB
dem-1054	112	3	in	in	ADP
dem-1054	112	4	table	table	NOUN
dem-1054	112	5	1	1	NUM
dem-1054	112	6	,	,	PUNCT
dem-1054	112	7	there	there	PRON
dem-1054	112	8	is	be	VERB
dem-1054	112	9	a	a	DET
dem-1054	112	10	significant	significant	ADJ
dem-1054	112	11	dispersion	dispersion	NOUN
dem-1054	112	12	in	in	ADP
dem-1054	112	13	prices	price	NOUN
dem-1054	112	14	of	of	ADP
dem-1054	112	15	precious	precious	ADJ
dem-1054	112	16	non	non	ADJ
dem-1054	112	17	-	-	ADJ
dem-1054	112	18	ferrous	ferrous	ADJ
dem-1054	112	19	metals	metal	NOUN
dem-1054	112	20	.	.	PUNCT
dem-1054	113	1	table	table	NOUN
dem-1054	113	2	1	1	NUM
dem-1054	113	3	.	.	PUNCT
dem-1054	113	4	descriptive	descriptive	ADJ
dem-1054	113	5	statistics	statistic	NOUN
dem-1054	113	6	–	–	PUNCT
dem-1054	114	1	prices	price	NOUN
dem-1054	114	2	gold	gold	ADJ
dem-1054	114	3	silver	silver	NOUN
dem-1054	114	4	platinum	platinum	NOUN
dem-1054	114	5	palladium	palladium	NOUN
dem-1054	114	6	mean	mean	VERB
dem-1054	114	7	622.89	622.89	NUM
dem-1054	114	8	10.84	10.84	NUM
dem-1054	114	9	1	1	NUM
dem-1054	114	10	023.26	023.26	NUM
dem-1054	114	11	387.43	387.43	NUM
dem-1054	114	12	standard	standard	ADJ
dem-1054	114	13	deviation	deviation	NOUN
dem-1054	114	14	349.12	349.12	NUM
dem-1054	114	15	7.43	7.43	NUM
dem-1054	114	16	440.08	440.08	NUM
dem-1054	114	17	196.87	196.87	NUM
dem-1054	114	18	minimum	minimum	NOUN
dem-1054	114	19	255.95	255.95	NUM
dem-1054	114	20	4.07	4.07	NUM
dem-1054	114	21	414.00	414.00	NUM
dem-1054	114	22	148.00	148.00	NUM
dem-1054	114	23	maximum	maximum	NOUN
dem-1054	114	24	1	1	NUM
dem-1054	114	25	552.50	552.50	NUM
dem-1054	114	26	48.70	48.70	NUM
dem-1054	114	27	2	2	NUM
dem-1054	114	28	273.00	273.00	NUM
dem-1054	114	29	1	1	NUM
dem-1054	114	30	090.00	090.00	NUM
dem-1054	114	31	range	range	NOUN
dem-1054	114	32	1	1	NUM
dem-1054	114	33	296.55	296.55	NUM
dem-1054	114	34	44.64	44.64	NUM
dem-1054	114	35	1	1	NUM
dem-1054	114	36	859.00	859.00	NUM
dem-1054	114	37	942.00	942.00	NUM
dem-1054	114	38	the	the	DET
dem-1054	114	39	highest	high	ADJ
dem-1054	114	40	dispersion	dispersion	NOUN
dem-1054	114	41	level	level	NOUN
dem-1054	114	42	(	(	PUNCT
dem-1054	114	43	in	in	ADP
dem-1054	114	44	terms	term	NOUN
dem-1054	114	45	of	of	ADP
dem-1054	114	46	range	range	NOUN
dem-1054	114	47	)	)	PUNCT
dem-1054	114	48	is	be	AUX
dem-1054	114	49	observable	observable	ADJ
dem-1054	114	50	in	in	ADP
dem-1054	114	51	prices	price	NOUN
dem-1054	114	52	of	of	ADP
dem-1054	114	53	platinum	platinum	NOUN
dem-1054	114	54	and	and	CCONJ
dem-1054	114	55	gold	gold	NOUN
dem-1054	114	56	.	.	PUNCT
dem-1054	115	1	although	although	SCONJ
dem-1054	115	2	,	,	PUNCT
dem-1054	115	3	if	if	SCONJ
dem-1054	115	4	the	the	DET
dem-1054	115	5	coefficient	coefficient	NOUN
dem-1054	115	6	of	of	ADP
dem-1054	115	7	variation	variation	NOUN
dem-1054	115	8	is	be	AUX
dem-1054	115	9	taken	take	VERB
dem-1054	115	10	into	into	ADP
dem-1054	115	11	account	account	NOUN
dem-1054	115	12	,	,	PUNCT
dem-1054	115	13	the	the	DET
dem-1054	115	14	highest	high	ADJ
dem-1054	115	15	dispersion	dispersion	NOUN
dem-1054	115	16	is	be	AUX
dem-1054	115	17	related	relate	VERB
dem-1054	115	18	to	to	ADP
dem-1054	115	19	the	the	DET
dem-1054	115	20	prices	price	NOUN
dem-1054	115	21	of	of	ADP
dem-1054	115	22	silver	silver	NOUN
dem-1054	115	23	.	.	PUNCT
dem-1054	116	1	the	the	DET
dem-1054	116	2	volatility	volatility	NOUN
dem-1054	116	3	of	of	ADP
dem-1054	116	4	prices	price	NOUN
dem-1054	116	5	of	of	ADP
dem-1054	116	6	gold	gold	NOUN
dem-1054	116	7	and	and	CCONJ
dem-1054	116	8	palladium	palladium	NOUN
dem-1054	116	9	is	be	AUX
dem-1054	116	10	presented	present	VERB
dem-1054	116	11	on	on	ADP
dem-1054	116	12	figures	figure	NOUN
dem-1054	116	13	1	1	NUM
dem-1054	116	14	and	and	CCONJ
dem-1054	116	15	2	2	NUM
dem-1054	116	16	respectively	respectively	ADV
dem-1054	116	17	.	.	PUNCT
dem-1054	117	1	the	the	DET
dem-1054	117	2	prices	price	NOUN
dem-1054	117	3	of	of	ADP
dem-1054	117	4	gold	gold	NOUN
dem-1054	117	5	shows	show	VERB
dem-1054	117	6	the	the	DET
dem-1054	117	7	behavior	behavior	NOUN
dem-1054	117	8	similar	similar	ADJ
dem-1054	117	9	to	to	ADP
dem-1054	117	10	the	the	DET
dem-1054	117	11	stock	stock	NOUN
dem-1054	117	12	indices	index	NOUN
dem-1054	117	13	whereas	whereas	SCONJ
dem-1054	117	14	the	the	DET
dem-1054	117	15	prices	price	NOUN
dem-1054	117	16	of	of	ADP
dem-1054	117	17	palladium	palladium	NOUN
dem-1054	117	18	not	not	PART
dem-1054	117	19	.	.	PUNCT
dem-1054	118	1	as	as	SCONJ
dem-1054	118	2	is	be	AUX
dem-1054	118	3	presented	present	VERB
dem-1054	118	4	in	in	ADP
dem-1054	118	5	figure	figure	NOUN
dem-1054	118	6	1	1	NUM
dem-1054	118	7	,	,	PUNCT
dem-1054	118	8	the	the	DET
dem-1054	118	9	price	price	NOUN
dem-1054	118	10	of	of	ADP
dem-1054	118	11	gold	gold	NOUN
dem-1054	118	12	has	have	AUX
dem-1054	118	13	been	be	AUX
dem-1054	118	14	increasing	increase	VERB
dem-1054	118	15	reasonably	reasonably	ADV
dem-1054	118	16	till	till	SCONJ
dem-1054	118	17	february	february	PROPN
dem-1054	118	18	2006	2006	NUM
dem-1054	118	19	.	.	PUNCT
dem-1054	119	1	then	then	ADV
dem-1054	119	2	some	some	DET
dem-1054	119	3	significant	significant	ADJ
dem-1054	119	4	price	price	NOUN
dem-1054	119	5	changes	change	NOUN
dem-1054	119	6	have	have	AUX
dem-1054	119	7	been	be	AUX
dem-1054	119	8	observed	observe	VERB
dem-1054	119	9	.	.	PUNCT
dem-1054	120	1	the	the	DET
dem-1054	120	2	last	last	ADJ
dem-1054	120	3	four	four	NUM
dem-1054	120	4	years	year	NOUN
dem-1054	120	5	show	show	VERB
dem-1054	120	6	that	that	SCONJ
dem-1054	120	7	the	the	DET
dem-1054	120	8	price	price	NOUN
dem-1054	120	9	of	of	ADP
dem-1054	120	10	gold	gold	NOUN
dem-1054	120	11	had	have	AUX
dem-1054	120	12	n’t	not	PART
dem-1054	120	13	behave	behave	VERB
dem-1054	120	14	in	in	ADP
dem-1054	120	15	a	a	DET
dem-1054	120	16	stable	stable	ADJ
dem-1054	120	17	manner	manner	NOUN
dem-1054	120	18	.	.	PUNCT
dem-1054	121	1	1	1	NUM
dem-1054	121	2	data	datum	NOUN
dem-1054	121	3	from	from	ADP
dem-1054	121	4	london	london	PROPN
dem-1054	121	5	metal	metal	NOUN
dem-1054	121	6	exchange	exchange	NOUN
dem-1054	121	7	.	.	PUNCT
dem-1054	122	1	non	non	ADJ
dem-1054	122	2	-	-	ADJ
dem-1054	122	3	classical	classical	ADJ
dem-1054	122	4	measures	measure	NOUN
dem-1054	122	5	of	of	ADP
dem-1054	122	6	investment	investment	NOUN
dem-1054	122	7	risk	risk	NOUN
dem-1054	122	8	on	on	ADP
dem-1054	122	9	the	the	DET
dem-1054	122	10	market	market	NOUN
dem-1054	122	11	of	of	ADP
dem-1054	122	12	precious	precious	ADJ
dem-1054	122	13	…	…	PUNCT
dem-1054	122	14	dynamic	dynamic	ADJ
dem-1054	122	15	econometric	econometric	ADJ
dem-1054	122	16	models	model	NOUN
dem-1054	122	17	12	12	NUM
dem-1054	122	18	(	(	PUNCT
dem-1054	122	19	2012	2012	NUM
dem-1054	122	20	)	)	PUNCT
dem-1054	122	21	89–103	89–103	NUM
dem-1054	122	22	95	95	NUM
dem-1054	122	23	figure	figure	NOUN
dem-1054	122	24	1	1	NUM
dem-1054	122	25	.	.	PUNCT
dem-1054	123	1	the	the	DET
dem-1054	123	2	volatility	volatility	NOUN
dem-1054	123	3	of	of	ADP
dem-1054	123	4	price	price	NOUN
dem-1054	123	5	of	of	ADP
dem-1054	123	6	gold	gold	NOUN
dem-1054	123	7	from	from	ADP
dem-1054	123	8	january	january	PROPN
dem-1054	123	9	2000	2000	NUM
dem-1054	123	10	to	to	ADP
dem-1054	123	11	june	june	PROPN
dem-1054	123	12	2011	2011	NUM
dem-1054	123	13	the	the	DET
dem-1054	123	14	price	price	NOUN
dem-1054	123	15	of	of	ADP
dem-1054	123	16	palladium	palladium	NOUN
dem-1054	123	17	has	have	AUX
dem-1054	123	18	been	be	AUX
dem-1054	123	19	changing	change	VERB
dem-1054	123	20	without	without	ADP
dem-1054	123	21	specifically	specifically	ADV
dem-1054	123	22	defined	define	VERB
dem-1054	123	23	direction	direction	NOUN
dem-1054	123	24	.	.	PUNCT
dem-1054	124	1	after	after	ADP
dem-1054	124	2	first	first	ADJ
dem-1054	124	3	two	two	NUM
dem-1054	124	4	years	year	NOUN
dem-1054	124	5	of	of	ADP
dem-1054	124	6	growing	grow	VERB
dem-1054	124	7	the	the	DET
dem-1054	124	8	price	price	NOUN
dem-1054	124	9	has	have	AUX
dem-1054	124	10	fallen	fallen	AUX
dem-1054	124	11	dramatically	dramatically	ADV
dem-1054	124	12	returning	return	VERB
dem-1054	124	13	to	to	ADP
dem-1054	124	14	upward	upward	ADJ
dem-1054	124	15	trend	trend	NOUN
dem-1054	124	16	in	in	ADP
dem-1054	124	17	first	first	ADJ
dem-1054	124	18	half	half	NOUN
dem-1054	124	19	of	of	ADP
dem-1054	124	20	2003	2003	NUM
dem-1054	124	21	.	.	PUNCT
dem-1054	125	1	the	the	DET
dem-1054	125	2	year	year	NOUN
dem-1054	125	3	2009	2009	NUM
dem-1054	125	4	initiated	initiate	VERB
dem-1054	125	5	the	the	DET
dem-1054	125	6	period	period	NOUN
dem-1054	125	7	of	of	ADP
dem-1054	125	8	surge	surge	NOUN
dem-1054	125	9	of	of	ADP
dem-1054	125	10	prices	price	NOUN
dem-1054	125	11	that	that	PRON
dem-1054	125	12	continues	continue	VERB
dem-1054	125	13	till	till	SCONJ
dem-1054	125	14	now	now	ADV
dem-1054	125	15	.	.	PUNCT
dem-1054	126	1	in	in	ADP
dem-1054	126	2	the	the	DET
dem-1054	126	3	next	next	ADJ
dem-1054	126	4	step	step	NOUN
dem-1054	126	5	the	the	DET
dem-1054	126	6	log	log	NOUN
dem-1054	126	7	-	-	PUNCT
dem-1054	126	8	returns	return	NOUN
dem-1054	126	9	of	of	ADP
dem-1054	126	10	corresponding	correspond	VERB
dem-1054	126	11	prices	price	NOUN
dem-1054	126	12	have	have	AUX
dem-1054	126	13	been	be	AUX
dem-1054	126	14	calculated	calculate	VERB
dem-1054	126	15	.	.	PUNCT
dem-1054	127	1	figure	figure	VERB
dem-1054	127	2	3	3	NUM
dem-1054	127	3	presents	present	VERB
dem-1054	127	4	the	the	DET
dem-1054	127	5	volatility	volatility	NOUN
dem-1054	127	6	observed	observe	VERB
dem-1054	127	7	in	in	ADP
dem-1054	127	8	time	time	NOUN
dem-1054	127	9	series	series	NOUN
dem-1054	127	10	of	of	ADP
dem-1054	127	11	gold	gold	NOUN
dem-1054	127	12	log	log	NOUN
dem-1054	127	13	-	-	PUNCT
dem-1054	127	14	returns	return	NOUN
dem-1054	127	15	.	.	PUNCT
dem-1054	128	1	figure	figure	NOUN
dem-1054	128	2	2	2	NUM
dem-1054	128	3	.	.	PUNCT
dem-1054	129	1	the	the	DET
dem-1054	129	2	volatility	volatility	NOUN
dem-1054	129	3	of	of	ADP
dem-1054	129	4	price	price	NOUN
dem-1054	129	5	of	of	ADP
dem-1054	129	6	palladium	palladium	NOUN
dem-1054	129	7	from	from	ADP
dem-1054	129	8	january	january	PROPN
dem-1054	129	9	2000	2000	NUM
dem-1054	129	10	to	to	ADP
dem-1054	129	11	june	june	PROPN
dem-1054	129	12	2011	2011	NUM
dem-1054	129	13	gold	gold	NOUN
dem-1054	129	14	0,00	0,00	PROPN
dem-1054	129	15	600,00	600,00	NOUN
dem-1054	129	16	1	1	NUM
dem-1054	129	17	200,00	200,00	NUM
dem-1054	129	18	1	1	NUM
dem-1054	129	19	800,00	800,00	NUM
dem-1054	129	20	1	1	NUM
dem-1054	129	21	501	501	NUM
dem-1054	129	22	1001	1001	NUM
dem-1054	129	23	1501	1501	NUM
dem-1054	129	24	2001	2001	NUM
dem-1054	129	25	2501	2501	NUM
dem-1054	129	26	pr	pr	NOUN
dem-1054	129	27	ice	ice	NOUN
dem-1054	130	1	[	[	X
dem-1054	130	2	u	u	X
dem-1054	130	3	sd	sd	X
dem-1054	130	4	]	]	PUNCT
dem-1054	130	5	palladium	palladium	NOUN
dem-1054	130	6	0,00	0,00	X
dem-1054	130	7	400,00	400,00	X
dem-1054	130	8	800,00	800,00	NUM
dem-1054	130	9	1	1	NUM
dem-1054	130	10	200,00	200,00	NUM
dem-1054	130	11	1	1	NUM
dem-1054	130	12	501	501	NUM
dem-1054	130	13	1001	1001	NUM
dem-1054	130	14	1501	1501	NUM
dem-1054	130	15	2001	2001	NUM
dem-1054	130	16	2501	2501	NUM
dem-1054	130	17	pr	pr	NOUN
dem-1054	130	18	ice	ice	NOUN
dem-1054	130	19	[	[	X
dem-1054	130	20	u	u	X
dem-1054	130	21	sd	sd	X
dem-1054	130	22	]	]	PUNCT
dem-1054	130	23	dominik	dominik	PROPN
dem-1054	130	24	krężołek	krężołek	PROPN
dem-1054	130	25	dynamic	dynamic	ADJ
dem-1054	130	26	econometric	econometric	ADJ
dem-1054	130	27	models	model	NOUN
dem-1054	130	28	12	12	NUM
dem-1054	130	29	(	(	PUNCT
dem-1054	130	30	2012	2012	NUM
dem-1054	130	31	)	)	PUNCT
dem-1054	130	32	89–103	89–103	NUM
dem-1054	130	33	96	96	NUM
dem-1054	130	34	figure	figure	NOUN
dem-1054	130	35	3	3	NUM
dem-1054	130	36	.	.	PUNCT
dem-1054	131	1	volatility	volatility	NOUN
dem-1054	131	2	of	of	ADP
dem-1054	131	3	log	log	NOUN
dem-1054	131	4	-	-	PUNCT
dem-1054	131	5	return	return	NOUN
dem-1054	131	6	of	of	ADP
dem-1054	131	7	gold	gold	NOUN
dem-1054	131	8	as	as	SCONJ
dem-1054	131	9	presented	present	VERB
dem-1054	131	10	in	in	ADP
dem-1054	131	11	figure	figure	NOUN
dem-1054	131	12	3	3	NUM
dem-1054	131	13	,	,	PUNCT
dem-1054	131	14	the	the	DET
dem-1054	131	15	period	period	NOUN
dem-1054	131	16	starting	start	VERB
dem-1054	131	17	in	in	ADP
dem-1054	131	18	the	the	DET
dem-1054	131	19	middle	middle	NOUN
dem-1054	131	20	of	of	ADP
dem-1054	131	21	2005	2005	NUM
dem-1054	131	22	reveals	reveal	VERB
dem-1054	131	23	increased	increase	VERB
dem-1054	131	24	level	level	NOUN
dem-1054	131	25	of	of	ADP
dem-1054	131	26	volatility	volatility	NOUN
dem-1054	131	27	(	(	PUNCT
dem-1054	131	28	clustering	cluster	VERB
dem-1054	131	29	and	and	CCONJ
dem-1054	131	30	significant	significant	ADJ
dem-1054	131	31	jumps	jump	NOUN
dem-1054	131	32	in	in	ADP
dem-1054	131	33	returns	return	NOUN
dem-1054	131	34	)	)	PUNCT
dem-1054	131	35	.	.	PUNCT
dem-1054	132	1	the	the	DET
dem-1054	132	2	same	same	ADJ
dem-1054	132	3	or	or	CCONJ
dem-1054	132	4	even	even	ADV
dem-1054	132	5	more	more	ADV
dem-1054	132	6	unstable	unstable	ADJ
dem-1054	132	7	behavior	behavior	NOUN
dem-1054	132	8	characterizes	characterize	VERB
dem-1054	132	9	returns	return	NOUN
dem-1054	132	10	of	of	ADP
dem-1054	132	11	palladium	palladium	NOUN
dem-1054	132	12	.	.	PUNCT
dem-1054	133	1	clustering	clustering	NOUN
dem-1054	133	2	is	be	AUX
dem-1054	133	3	observed	observe	VERB
dem-1054	133	4	within	within	ADP
dem-1054	133	5	entire	entire	ADJ
dem-1054	133	6	period	period	NOUN
dem-1054	133	7	,	,	PUNCT
dem-1054	133	8	with	with	ADP
dem-1054	133	9	higher	high	ADJ
dem-1054	133	10	intensity	intensity	NOUN
dem-1054	133	11	during	during	ADP
dem-1054	133	12	last	last	ADJ
dem-1054	133	13	year	year	NOUN
dem-1054	133	14	(	(	PUNCT
dem-1054	133	15	figure	figure	NOUN
dem-1054	133	16	4	4	NUM
dem-1054	133	17	)	)	PUNCT
dem-1054	133	18	.	.	PUNCT
dem-1054	134	1	figure	figure	VERB
dem-1054	134	2	4	4	NUM
dem-1054	134	3	.	.	PUNCT
dem-1054	135	1	volatility	volatility	NOUN
dem-1054	135	2	of	of	ADP
dem-1054	135	3	log	log	NOUN
dem-1054	135	4	-	-	PUNCT
dem-1054	135	5	return	return	NOUN
dem-1054	135	6	of	of	ADP
dem-1054	135	7	palladium	palladium	NOUN
dem-1054	135	8	log	log	NOUN
dem-1054	135	9	-	-	PUNCT
dem-1054	135	10	return	return	NOUN
dem-1054	135	11	gold	gold	NOUN
dem-1054	135	12	-0,1	-0,1	NOUN
dem-1054	136	1	-0,06	-0,06	PROPN
dem-1054	136	2	-0,02	-0,02	PROPN
dem-1054	136	3	0,02	0,02	NUM
dem-1054	136	4	0,06	0,06	PROPN
dem-1054	136	5	0,1	0,1	NUM
dem-1054	136	6	log	log	NOUN
dem-1054	136	7	-	-	PUNCT
dem-1054	136	8	return	return	NOUN
dem-1054	136	9	palladium	palladium	NOUN
dem-1054	136	10	-0,2	-0,2	PROPN
dem-1054	137	1	-0,1	-0,1	NOUN
dem-1054	137	2	0	0	NUM
dem-1054	137	3	0,1	0,1	NUM
dem-1054	137	4	0,2	0,2	NUM
dem-1054	137	5	non	non	ADJ
dem-1054	137	6	-	-	ADJ
dem-1054	137	7	classical	classical	ADJ
dem-1054	137	8	measures	measure	NOUN
dem-1054	137	9	of	of	ADP
dem-1054	137	10	investment	investment	NOUN
dem-1054	137	11	risk	risk	NOUN
dem-1054	137	12	on	on	ADP
dem-1054	137	13	the	the	DET
dem-1054	137	14	market	market	NOUN
dem-1054	137	15	of	of	ADP
dem-1054	137	16	precious	precious	ADJ
dem-1054	137	17	…	…	PUNCT
dem-1054	137	18	dynamic	dynamic	ADJ
dem-1054	137	19	econometric	econometric	ADJ
dem-1054	137	20	models	model	NOUN
dem-1054	137	21	12	12	NUM
dem-1054	137	22	(	(	PUNCT
dem-1054	137	23	2012	2012	NUM
dem-1054	137	24	)	)	PUNCT
dem-1054	137	25	89–103	89–103	NUM
dem-1054	137	26	97	97	NUM
dem-1054	137	27	one	one	NUM
dem-1054	137	28	of	of	ADP
dem-1054	137	29	the	the	DET
dem-1054	137	30	most	most	ADV
dem-1054	137	31	important	important	ADJ
dem-1054	137	32	matter	matter	NOUN
dem-1054	137	33	related	relate	VERB
dem-1054	137	34	to	to	ADP
dem-1054	137	35	the	the	DET
dem-1054	137	36	risk	risk	NOUN
dem-1054	137	37	analysis	analysis	NOUN
dem-1054	137	38	of	of	ADP
dem-1054	137	39	financial	financial	ADJ
dem-1054	137	40	markets	market	NOUN
dem-1054	137	41	is	be	AUX
dem-1054	137	42	that	that	SCONJ
dem-1054	137	43	,	,	PUNCT
dem-1054	137	44	whether	whether	SCONJ
dem-1054	137	45	there	there	PRON
dem-1054	137	46	exists	exist	VERB
dem-1054	137	47	a	a	DET
dem-1054	137	48	significant	significant	ADJ
dem-1054	137	49	relation	relation	NOUN
dem-1054	137	50	between	between	ADP
dem-1054	137	51	assets	asset	NOUN
dem-1054	137	52	.	.	PUNCT
dem-1054	138	1	it	it	PRON
dem-1054	138	2	is	be	AUX
dem-1054	138	3	of	of	ADP
dem-1054	138	4	great	great	ADJ
dem-1054	138	5	importance	importance	NOUN
dem-1054	138	6	especially	especially	ADV
dem-1054	138	7	in	in	ADP
dem-1054	138	8	portfolio	portfolio	NOUN
dem-1054	138	9	analysis	analysis	NOUN
dem-1054	138	10	.	.	PUNCT
dem-1054	139	1	to	to	PART
dem-1054	139	2	see	see	VERB
dem-1054	139	3	that	that	PRON
dem-1054	139	4	,	,	PUNCT
dem-1054	139	5	table	table	NOUN
dem-1054	139	6	2	2	NUM
dem-1054	139	7	presents	present	VERB
dem-1054	139	8	the	the	DET
dem-1054	139	9	correlations	correlation	NOUN
dem-1054	139	10	between	between	ADP
dem-1054	139	11	log	log	NOUN
dem-1054	139	12	-	-	PUNCT
dem-1054	139	13	returns	return	NOUN
dem-1054	139	14	of	of	ADP
dem-1054	139	15	metals	metal	NOUN
dem-1054	139	16	analyzed	analyze	VERB
dem-1054	139	17	,	,	PUNCT
dem-1054	139	18	whereas	whereas	SCONJ
dem-1054	139	19	table	table	NOUN
dem-1054	139	20	3	3	NUM
dem-1054	139	21	shows	show	VERB
dem-1054	139	22	the	the	DET
dem-1054	139	23	descriptive	descriptive	ADJ
dem-1054	139	24	statistics	statistic	NOUN
dem-1054	139	25	.	.	PUNCT
dem-1054	140	1	table	table	NOUN
dem-1054	140	2	2	2	NUM
dem-1054	140	3	.	.	PUNCT
dem-1054	140	4	correlations	correlation	NOUN
dem-1054	140	5	gold	gold	NOUN
dem-1054	140	6	silver	silver	NOUN
dem-1054	140	7	platinum	platinum	NOUN
dem-1054	140	8	palladium	palladium	NOUN
dem-1054	140	9	gold	gold	NOUN
dem-1054	140	10	1.00000	1.00000	NUM
dem-1054	140	11	0.56024	0.56024	NUM
dem-1054	140	12	0.44953	0.44953	NUM
dem-1054	140	13	0.37513	0.37513	NUM
dem-1054	140	14	silver	silver	NOUN
dem-1054	140	15	0.56024	0.56024	NUM
dem-1054	140	16	1.00000	1.00000	NUM
dem-1054	140	17	0.45243	0.45243	NUM
dem-1054	140	18	0.42328	0.42328	NUM
dem-1054	140	19	platinum	platinum	NOUN
dem-1054	140	20	0.44953	0.44953	NUM
dem-1054	140	21	0.45243	0.45243	NUM
dem-1054	140	22	1.00000	1.00000	NUM
dem-1054	140	23	0.57408	0.57408	NUM
dem-1054	140	24	palladium	palladium	NOUN
dem-1054	140	25	0.37513	0.37513	NUM
dem-1054	140	26	0.42328	0.42328	NUM
dem-1054	140	27	0.57408	0.57408	NUM
dem-1054	140	28	1.00000	1.00000	NUM
dem-1054	140	29	the	the	DET
dem-1054	140	30	highest	high	ADJ
dem-1054	140	31	values	value	NOUN
dem-1054	140	32	of	of	ADP
dem-1054	140	33	correlation	correlation	NOUN
dem-1054	140	34	are	be	AUX
dem-1054	140	35	between	between	ADP
dem-1054	140	36	pairs	pair	NOUN
dem-1054	140	37	of	of	ADP
dem-1054	140	38	returns	return	NOUN
dem-1054	140	39	of	of	ADP
dem-1054	140	40	platinum	platinum	NOUN
dem-1054	140	41	and	and	CCONJ
dem-1054	140	42	palladium	palladium	NOUN
dem-1054	140	43	and	and	CCONJ
dem-1054	140	44	between	between	ADP
dem-1054	140	45	gold	gold	NOUN
dem-1054	140	46	and	and	CCONJ
dem-1054	140	47	silver	silver	NOUN
dem-1054	140	48	.	.	PUNCT
dem-1054	141	1	the	the	DET
dem-1054	141	2	lowest	low	ADJ
dem-1054	141	3	values	value	NOUN
dem-1054	141	4	correspond	correspond	VERB
dem-1054	141	5	to	to	ADP
dem-1054	141	6	the	the	DET
dem-1054	141	7	relation	relation	NOUN
dem-1054	141	8	between	between	ADP
dem-1054	141	9	gold	gold	NOUN
dem-1054	141	10	and	and	CCONJ
dem-1054	141	11	palladium	palladium	NOUN
dem-1054	141	12	.	.	PUNCT
dem-1054	142	1	it	it	PRON
dem-1054	142	2	can	can	AUX
dem-1054	142	3	be	be	AUX
dem-1054	142	4	caused	cause	VERB
dem-1054	142	5	by	by	ADP
dem-1054	142	6	a	a	DET
dem-1054	142	7	natural	natural	ADJ
dem-1054	142	8	market	market	NOUN
dem-1054	142	9	properties	property	NOUN
dem-1054	142	10	of	of	ADP
dem-1054	142	11	these	these	DET
dem-1054	142	12	precious	precious	ADJ
dem-1054	142	13	metals	metal	NOUN
dem-1054	142	14	.	.	PUNCT
dem-1054	143	1	gold	gold	NOUN
dem-1054	143	2	and	and	CCONJ
dem-1054	143	3	silver	silver	NOUN
dem-1054	143	4	are	be	AUX
dem-1054	143	5	considered	consider	VERB
dem-1054	143	6	as	as	ADP
dem-1054	143	7	investment	investment	NOUN
dem-1054	143	8	precious	precious	ADJ
dem-1054	143	9	metals	metal	NOUN
dem-1054	143	10	while	while	SCONJ
dem-1054	143	11	platinum	platinum	NOUN
dem-1054	143	12	and	and	CCONJ
dem-1054	143	13	palladium	palladium	NOUN
dem-1054	143	14	are	be	AUX
dem-1054	143	15	more	more	ADV
dem-1054	143	16	related	related	ADJ
dem-1054	143	17	to	to	ADP
dem-1054	143	18	industrial	industrial	ADJ
dem-1054	143	19	environment	environment	NOUN
dem-1054	143	20	(	(	PUNCT
dem-1054	143	21	especially	especially	ADV
dem-1054	143	22	the	the	DET
dem-1054	143	23	latter	latter	ADJ
dem-1054	143	24	)	)	PUNCT
dem-1054	143	25	.	.	PUNCT
dem-1054	144	1	table	table	NOUN
dem-1054	144	2	3	3	NUM
dem-1054	144	3	.	.	PUNCT
dem-1054	144	4	descriptive	descriptive	ADJ
dem-1054	144	5	statistics	statistic	NOUN
dem-1054	144	6	–	–	PUNCT
dem-1054	144	7	returns	return	VERB
dem-1054	144	8	gold	gold	ADJ
dem-1054	144	9	silver	silver	NOUN
dem-1054	144	10	platinum	platinum	NOUN
dem-1054	144	11	palladium	palladium	NOUN
dem-1054	144	12	mean	mean	VERB
dem-1054	144	13	0.00058	0.00058	NUM
dem-1054	144	14	0.00065	0.00065	NUM
dem-1054	144	15	0.00048	0.00048	NUM
dem-1054	144	16	0.00019	0.00019	NUM
dem-1054	144	17	standard	standard	ADJ
dem-1054	144	18	deviation	deviation	NOUN
dem-1054	144	19	(	(	PUNCT
dem-1054	144	20	nσ	nσ	NOUN
dem-1054	144	21	)	)	PUNCT
dem-1054	145	1	0.01151	0.01151	NUM
dem-1054	145	2	0.02107	0.02107	NUM
dem-1054	145	3	0.01603	0.01603	NUM
dem-1054	145	4	0.02392	0.02392	NUM
dem-1054	145	5	minimum	minimum	NOUN
dem-1054	145	6	-0.07972	-0.07972	NOUN
dem-1054	145	7	-0.18693	-0.18693	PROPN
dem-1054	145	8	-0.17277	-0.17277	PROPN
dem-1054	145	9	-0.17859	-0.17859	PROPN
dem-1054	146	1	maximum	maximum	ADJ
dem-1054	146	2	0.06841	0.06841	NUM
dem-1054	146	3	0.18279	0.18279	NUM
dem-1054	146	4	0.11129	0.11129	NUM
dem-1054	146	5	0.16799	0.16799	NUM
dem-1054	146	6	range	range	NOUN
dem-1054	146	7	0.14813	0.14813	NUM
dem-1054	146	8	0.36971	0.36971	NUM
dem-1054	146	9	0.28406	0.28406	NUM
dem-1054	146	10	0.34658	0.34658	NUM
dem-1054	146	11	as	as	SCONJ
dem-1054	146	12	presented	present	VERB
dem-1054	146	13	in	in	ADP
dem-1054	146	14	table	table	NOUN
dem-1054	146	15	3	3	NUM
dem-1054	146	16	,	,	PUNCT
dem-1054	146	17	the	the	DET
dem-1054	146	18	highest	high	ADJ
dem-1054	146	19	value	value	NOUN
dem-1054	146	20	of	of	ADP
dem-1054	146	21	expected	expect	VERB
dem-1054	146	22	return	return	NOUN
dem-1054	146	23	corresponds	correspond	VERB
dem-1054	146	24	to	to	ADP
dem-1054	146	25	the	the	DET
dem-1054	146	26	variables	variable	NOUN
dem-1054	146	27	silver	silver	NOUN
dem-1054	146	28	and	and	CCONJ
dem-1054	146	29	gold	gold	NOUN
dem-1054	146	30	.	.	PUNCT
dem-1054	147	1	the	the	DET
dem-1054	147	2	comparable	comparable	ADJ
dem-1054	147	3	level	level	NOUN
dem-1054	147	4	reaches	reach	VERB
dem-1054	147	5	the	the	DET
dem-1054	147	6	return	return	NOUN
dem-1054	147	7	of	of	ADP
dem-1054	147	8	platinum	platinum	NOUN
dem-1054	147	9	,	,	PUNCT
dem-1054	147	10	whereas	whereas	SCONJ
dem-1054	147	11	the	the	DET
dem-1054	147	12	return	return	NOUN
dem-1054	147	13	of	of	ADP
dem-1054	147	14	palladium	palladium	NOUN
dem-1054	147	15	oscillates	oscillate	NOUN
dem-1054	147	16	around	around	ADP
dem-1054	147	17	zero	zero	NUM
dem-1054	147	18	.	.	PUNCT
dem-1054	148	1	the	the	DET
dem-1054	148	2	dispersion	dispersion	NOUN
dem-1054	148	3	analysis	analysis	NOUN
dem-1054	148	4	showed	show	VERB
dem-1054	148	5	that	that	SCONJ
dem-1054	148	6	the	the	DET
dem-1054	148	7	most	most	ADV
dem-1054	148	8	risky	risky	ADJ
dem-1054	148	9	(	(	PUNCT
dem-1054	148	10	in	in	ADP
dem-1054	148	11	terms	term	NOUN
dem-1054	148	12	of	of	ADP
dem-1054	148	13	standard	standard	ADJ
dem-1054	148	14	deviation	deviation	NOUN
dem-1054	148	15	)	)	PUNCT
dem-1054	148	16	are	be	AUX
dem-1054	148	17	investments	investment	NOUN
dem-1054	148	18	in	in	ADP
dem-1054	148	19	palladium	palladium	NOUN
dem-1054	148	20	and	and	CCONJ
dem-1054	148	21	silver	silver	NOUN
dem-1054	148	22	(	(	PUNCT
dem-1054	148	23	in	in	ADP
dem-1054	148	24	terms	term	NOUN
dem-1054	148	25	of	of	ADP
dem-1054	148	26	range	range	NOUN
dem-1054	148	27	as	as	ADV
dem-1054	148	28	well	well	ADV
dem-1054	148	29	)	)	PUNCT
dem-1054	148	30	while	while	SCONJ
dem-1054	148	31	the	the	DET
dem-1054	148	32	safest	safe	ADJ
dem-1054	148	33	one	one	NOUN
dem-1054	148	34	correspond	correspond	NOUN
dem-1054	148	35	to	to	ADP
dem-1054	148	36	gold	gold	NOUN
dem-1054	148	37	(	(	PUNCT
dem-1054	148	38	figure	figure	NOUN
dem-1054	148	39	5	5	NUM
dem-1054	148	40	)	)	PUNCT
dem-1054	148	41	.	.	PUNCT
dem-1054	149	1	further	further	ADJ
dem-1054	149	2	analysis	analysis	NOUN
dem-1054	149	3	related	relate	VERB
dem-1054	149	4	directly	directly	ADV
dem-1054	149	5	to	to	PART
dem-1054	149	6	risk	risk	NOUN
dem-1054	149	7	measurement	measurement	NOUN
dem-1054	149	8	requires	require	VERB
dem-1054	149	9	to	to	PART
dem-1054	149	10	match	match	VERB
dem-1054	149	11	the	the	DET
dem-1054	149	12	theoretical	theoretical	ADJ
dem-1054	149	13	probability	probability	NOUN
dem-1054	149	14	distribution	distribution	NOUN
dem-1054	149	15	to	to	ADP
dem-1054	149	16	the	the	DET
dem-1054	149	17	real	real	ADJ
dem-1054	149	18	market	market	NOUN
dem-1054	149	19	data	datum	NOUN
dem-1054	149	20	.	.	PUNCT
dem-1054	150	1	classical	classical	ADJ
dem-1054	150	2	risk	risk	NOUN
dem-1054	150	3	analysis	analysis	NOUN
dem-1054	150	4	is	be	AUX
dem-1054	150	5	based	base	VERB
dem-1054	150	6	on	on	ADP
dem-1054	150	7	the	the	DET
dem-1054	150	8	normal	normal	ADJ
dem-1054	150	9	distribution	distribution	NOUN
dem-1054	150	10	,	,	PUNCT
dem-1054	150	11	so	so	SCONJ
dem-1054	150	12	this	this	DET
dem-1054	150	13	case	case	NOUN
dem-1054	150	14	has	have	VERB
dem-1054	150	15	to	to	PART
dem-1054	150	16	be	be	AUX
dem-1054	150	17	verified	verify	VERB
dem-1054	150	18	.	.	PUNCT
dem-1054	151	1	to	to	PART
dem-1054	151	2	test	test	VERB
dem-1054	151	3	the	the	DET
dem-1054	151	4	normality	normality	NOUN
dem-1054	151	5	of	of	ADP
dem-1054	151	6	log	log	NOUN
dem-1054	151	7	-	-	PUNCT
dem-1054	151	8	returns	return	NOUN
dem-1054	151	9	of	of	ADP
dem-1054	151	10	the	the	DET
dem-1054	151	11	selected	select	VERB
dem-1054	151	12	precious	precious	ADJ
dem-1054	151	13	metals	metal	NOUN
dem-1054	151	14	the	the	DET
dem-1054	151	15	following	follow	VERB
dem-1054	151	16	goodnessof	goodnessof	NOUN
dem-1054	151	17	-	-	PUNCT
dem-1054	151	18	fit	fit	NOUN
dem-1054	151	19	methods	method	NOUN
dem-1054	151	20	have	have	AUX
dem-1054	151	21	been	be	AUX
dem-1054	151	22	used	use	VERB
dem-1054	151	23	:	:	PUNCT
dem-1054	151	24	jarque	jarque	NOUN
dem-1054	151	25	-	-	PUNCT
dem-1054	151	26	bera	bera	NOUN
dem-1054	151	27	test	test	NOUN
dem-1054	151	28	and	and	CCONJ
dem-1054	151	29	anderson	anderson	PROPN
dem-1054	151	30	-	-	PUNCT
dem-1054	151	31	darling	darling	NOUN
dem-1054	151	32	test	test	NOUN
dem-1054	151	33	.	.	PUNCT
dem-1054	152	1	the	the	DET
dem-1054	152	2	results	result	NOUN
dem-1054	152	3	of	of	ADP
dem-1054	152	4	comparing	compare	VERB
dem-1054	152	5	empirical	empirical	ADJ
dem-1054	152	6	and	and	CCONJ
dem-1054	152	7	normal	normal	ADJ
dem-1054	152	8	distribution	distribution	NOUN
dem-1054	152	9	show	show	NOUN
dem-1054	152	10	that	that	SCONJ
dem-1054	152	11	the	the	DET
dem-1054	152	12	assumption	assumption	NOUN
dem-1054	152	13	of	of	ADP
dem-1054	152	14	normality	normality	NOUN
dem-1054	152	15	has	have	VERB
dem-1054	152	16	to	to	PART
dem-1054	152	17	be	be	AUX
dem-1054	152	18	rejected	reject	VERB
dem-1054	152	19	(	(	PUNCT
dem-1054	152	20	at	at	ADP
dem-1054	152	21	the	the	DET
dem-1054	152	22	significant	significant	ADJ
dem-1054	152	23	level	level	NOUN
dem-1054	152	24	of	of	ADP
dem-1054	152	25	0.01	0.01	NUM
dem-1054	152	26	)	)	PUNCT
dem-1054	152	27	.	.	PUNCT
dem-1054	153	1	therefore	therefore	ADV
dem-1054	153	2	the	the	DET
dem-1054	153	3	empirical	empirical	ADJ
dem-1054	153	4	distributions	distribution	NOUN
dem-1054	153	5	do	do	AUX
dem-1054	153	6	not	not	PART
dem-1054	153	7	belong	belong	VERB
dem-1054	153	8	to	to	ADP
dem-1054	153	9	the	the	DET
dem-1054	153	10	family	family	NOUN
dem-1054	153	11	of	of	ADP
dem-1054	153	12	normal	normal	ADJ
dem-1054	153	13	ones	one	NOUN
dem-1054	153	14	.	.	PUNCT
dem-1054	154	1	the	the	DET
dem-1054	154	2	rejection	rejection	NOUN
dem-1054	154	3	of	of	ADP
dem-1054	154	4	normality	normality	NOUN
dem-1054	154	5	requires	require	VERB
dem-1054	154	6	the	the	DET
dem-1054	154	7	use	use	NOUN
dem-1054	154	8	of	of	ADP
dem-1054	154	9	risk	risk	NOUN
dem-1054	154	10	measures	measure	NOUN
dem-1054	154	11	which	which	PRON
dem-1054	154	12	are	be	AUX
dem-1054	154	13	not	not	PART
dem-1054	154	14	based	base	VERB
dem-1054	154	15	on	on	ADP
dem-1054	154	16	this	this	DET
dem-1054	154	17	strong	strong	ADJ
dem-1054	154	18	assumption	assumption	NOUN
dem-1054	154	19	and	and	CCONJ
dem-1054	154	20	allow	allow	VERB
dem-1054	154	21	to	to	PART
dem-1054	154	22	use	use	VERB
dem-1054	154	23	other	other	ADJ
dem-1054	154	24	statistical	statistical	ADJ
dem-1054	154	25	distributions	distribution	NOUN
dem-1054	154	26	.	.	PUNCT
dem-1054	155	1	dominik	dominik	PROPN
dem-1054	155	2	krężołek	krężołek	PROPN
dem-1054	155	3	dynamic	dynamic	ADJ
dem-1054	155	4	econometric	econometric	ADJ
dem-1054	155	5	models	model	NOUN
dem-1054	155	6	12	12	NUM
dem-1054	155	7	(	(	PUNCT
dem-1054	155	8	2012	2012	NUM
dem-1054	155	9	)	)	PUNCT
dem-1054	155	10	89–103	89–103	NUM
dem-1054	155	11	98	98	NUM
dem-1054	155	12	figure	figure	NOUN
dem-1054	155	13	5	5	NUM
dem-1054	155	14	.	.	PUNCT
dem-1054	155	15	expected	expect	VERB
dem-1054	155	16	return	return	NOUN
dem-1054	155	17	vs.	vs.	ADP
dem-1054	155	18	risk	risk	NOUN
dem-1054	155	19	to	to	PART
dem-1054	155	20	solve	solve	VERB
dem-1054	155	21	this	this	DET
dem-1054	155	22	problem	problem	NOUN
dem-1054	155	23	,	,	PUNCT
dem-1054	155	24	the	the	DET
dem-1054	155	25	family	family	NOUN
dem-1054	155	26	of	of	ADP
dem-1054	155	27	stable	stable	ADJ
dem-1054	155	28	distribution	distribution	NOUN
dem-1054	155	29	is	be	AUX
dem-1054	155	30	used	use	VERB
dem-1054	155	31	.	.	PUNCT
dem-1054	156	1	to	to	PART
dem-1054	156	2	estimate	estimate	VERB
dem-1054	156	3	the	the	DET
dem-1054	156	4	parameters	parameter	NOUN
dem-1054	156	5	of	of	ADP
dem-1054	156	6	stable	stable	ADJ
dem-1054	156	7	distribution	distribution	NOUN
dem-1054	156	8	,	,	PUNCT
dem-1054	156	9	the	the	DET
dem-1054	156	10	maximum	maximum	ADJ
dem-1054	156	11	likelihood	likelihood	NOUN
dem-1054	156	12	methodology	methodology	NOUN
dem-1054	156	13	is	be	AUX
dem-1054	156	14	applied	apply	VERB
dem-1054	156	15	and	and	CCONJ
dem-1054	156	16	the	the	DET
dem-1054	156	17	results	result	NOUN
dem-1054	156	18	are	be	AUX
dem-1054	156	19	presented	present	VERB
dem-1054	156	20	in	in	ADP
dem-1054	156	21	table	table	NOUN
dem-1054	156	22	4	4	NUM
dem-1054	156	23	.	.	PUNCT
dem-1054	156	24	table	table	NOUN
dem-1054	156	25	4	4	NUM
dem-1054	156	26	.	.	PUNCT
dem-1054	157	1	the	the	DET
dem-1054	157	2	parameters	parameter	NOUN
dem-1054	157	3	of	of	ADP
dem-1054	157	4	stable	stable	ADJ
dem-1054	157	5	distributions	distribution	NOUN
dem-1054	157	6	α	α	PROPN
dem-1054	157	7	β	β	PROPN
dem-1054	157	8	σ	σ	PROPN
dem-1054	157	9	μ	μ	PROPN
dem-1054	157	10	gold	gold	NOUN
dem-1054	157	11	1.63592	1.63592	NUM
dem-1054	157	12	-0.04440	-0.04440	NOUN
dem-1054	157	13	0.00620	0.00620	NUM
dem-1054	157	14	0.00063	0.00063	NUM
dem-1054	157	15	silver	silver	NOUN
dem-1054	157	16	1.60458	1.60458	NUM
dem-1054	157	17	-0.03883	-0.03883	NOUN
dem-1054	157	18	0.01074	0.01074	NUM
dem-1054	157	19	0.00103	0.00103	NUM
dem-1054	157	20	platinum	platinum	NOUN
dem-1054	157	21	1.58989	1.58989	NUM
dem-1054	157	22	-0.09054	-0.09054	NOUN
dem-1054	157	23	0.00790	0.00790	NUM
dem-1054	157	24	0.00061	0.00061	NUM
dem-1054	157	25	palladium	palladium	NOUN
dem-1054	157	26	1.54917	1.54917	NUM
dem-1054	157	27	-0.01818	-0.01818	NOUN
dem-1054	157	28	0.01192	0.01192	NUM
dem-1054	157	29	0.00049	0.00049	NUM
dem-1054	157	30	note	note	NOUN
dem-1054	157	31	:	:	PUNCT
dem-1054	157	32	the	the	DET
dem-1054	157	33	parameters	parameter	NOUN
dem-1054	157	34	are	be	AUX
dem-1054	157	35	significant	significant	ADJ
dem-1054	157	36	at	at	ADP
dem-1054	157	37	the	the	DET
dem-1054	157	38	level	level	NOUN
dem-1054	157	39	of	of	ADP
dem-1054	157	40	0.01	0.01	NUM
dem-1054	157	41	.	.	PUNCT
dem-1054	158	1	as	as	SCONJ
dem-1054	158	2	was	be	AUX
dem-1054	158	3	mentioned	mention	VERB
dem-1054	158	4	in	in	ADP
dem-1054	158	5	section	section	NOUN
dem-1054	158	6	“	"	PUNCT
dem-1054	158	7	methodology	methodology	NOUN
dem-1054	158	8	”	"	PUNCT
dem-1054	158	9	,	,	PUNCT
dem-1054	158	10	the	the	DET
dem-1054	158	11	parameter	parameter	NOUN
dem-1054	158	12	α	α	PROPN
dem-1054	158	13	plays	play	VERB
dem-1054	158	14	the	the	DET
dem-1054	158	15	most	most	ADV
dem-1054	158	16	important	important	ADJ
dem-1054	158	17	role	role	NOUN
dem-1054	158	18	.	.	PUNCT
dem-1054	159	1	it	it	PRON
dem-1054	159	2	is	be	AUX
dem-1054	159	3	responsible	responsible	ADJ
dem-1054	159	4	for	for	ADP
dem-1054	159	5	the	the	DET
dem-1054	159	6	thickness	thickness	NOUN
dem-1054	159	7	of	of	ADP
dem-1054	159	8	tail	tail	NOUN
dem-1054	159	9	of	of	ADP
dem-1054	159	10	distribution	distribution	NOUN
dem-1054	159	11	.	.	PUNCT
dem-1054	160	1	as	as	ADP
dem-1054	160	2	results	result	NOUN
dem-1054	160	3	from	from	ADP
dem-1054	160	4	calculations	calculation	NOUN
dem-1054	160	5	,	,	PUNCT
dem-1054	160	6	each	each	PRON
dem-1054	160	7	of	of	ADP
dem-1054	160	8	log	log	NOUN
dem-1054	160	9	-	-	PUNCT
dem-1054	160	10	returns	return	NOUN
dem-1054	160	11	distributions	distribution	NOUN
dem-1054	160	12	of	of	ADP
dem-1054	160	13	analyzed	analyze	VERB
dem-1054	160	14	assets	asset	NOUN
dem-1054	160	15	is	be	AUX
dem-1054	160	16	fat	fat	ADJ
dem-1054	160	17	-	-	PUNCT
dem-1054	160	18	tailed	tailed	ADJ
dem-1054	160	19	.	.	PUNCT
dem-1054	161	1	the	the	DET
dem-1054	161	2	index	index	NOUN
dem-1054	161	3	of	of	ADP
dem-1054	161	4	stability	stability	NOUN
dem-1054	161	5	takes	take	VERB
dem-1054	161	6	the	the	DET
dem-1054	161	7	highest	high	ADJ
dem-1054	161	8	value	value	NOUN
dem-1054	161	9	for	for	ADP
dem-1054	161	10	the	the	DET
dem-1054	161	11	variable	variable	ADJ
dem-1054	161	12	gold	gold	NOUN
dem-1054	161	13	,	,	PUNCT
dem-1054	161	14	and	and	CCONJ
dem-1054	161	15	the	the	DET
dem-1054	161	16	lowest	low	ADJ
dem-1054	161	17	for	for	ADP
dem-1054	161	18	the	the	DET
dem-1054	161	19	variable	variable	ADJ
dem-1054	161	20	palladium	palladium	NOUN
dem-1054	161	21	.	.	PUNCT
dem-1054	162	1	moreover	moreover	ADV
dem-1054	162	2	,	,	PUNCT
dem-1054	162	3	each	each	PRON
dem-1054	162	4	of	of	ADP
dem-1054	162	5	the	the	DET
dem-1054	162	6	distributions	distribution	NOUN
dem-1054	162	7	has	have	VERB
dem-1054	162	8	a	a	DET
dem-1054	162	9	left	left	ADJ
dem-1054	162	10	-	-	PUNCT
dem-1054	162	11	sided	sided	ADJ
dem-1054	162	12	asymmetry	asymmetry	NOUN
dem-1054	162	13	which	which	PRON
dem-1054	162	14	means	mean	VERB
dem-1054	162	15	that	that	SCONJ
dem-1054	162	16	the	the	DET
dem-1054	162	17	left	left	ADJ
dem-1054	162	18	-	-	PUNCT
dem-1054	162	19	side	side	NOUN
dem-1054	162	20	tail	tail	NOUN
dem-1054	162	21	is	be	AUX
dem-1054	162	22	heavier	heavy	ADJ
dem-1054	162	23	than	than	ADP
dem-1054	162	24	the	the	DET
dem-1054	162	25	right	right	ADJ
dem-1054	162	26	-	-	PUNCT
dem-1054	162	27	side	side	NOUN
dem-1054	162	28	one	one	NOUN
dem-1054	162	29	.	.	PUNCT
dem-1054	163	1	if	if	SCONJ
dem-1054	163	2	α	α	PRON
dem-1054	163	3	takes	take	VERB
dem-1054	163	4	values	value	NOUN
dem-1054	163	5	below	below	ADP
dem-1054	163	6	2	2	NUM
dem-1054	163	7	,	,	PUNCT
dem-1054	163	8	the	the	DET
dem-1054	163	9	location	location	NOUN
dem-1054	163	10	parameter	parameter	NOUN
dem-1054	163	11	is	be	AUX
dem-1054	163	12	equal	equal	ADJ
dem-1054	163	13	to	to	ADP
dem-1054	163	14	the	the	DET
dem-1054	163	15	mean	mean	NOUN
dem-1054	163	16	of	of	ADP
dem-1054	163	17	distribution	distribution	NOUN
dem-1054	163	18	.	.	PUNCT
dem-1054	164	1	therefore	therefore	ADV
dem-1054	164	2	the	the	DET
dem-1054	164	3	more	more	ADV
dem-1054	164	4	accurate	accurate	ADJ
dem-1054	164	5	information	information	NOUN
dem-1054	164	6	about	about	ADP
dem-1054	164	7	the	the	DET
dem-1054	164	8	exexpected	exexpecte	VERB
dem-1054	164	9	return	return	NOUN
dem-1054	164	10	vs.	vs.	ADP
dem-1054	164	11	risk	risk	NOUN
dem-1054	164	12	palladium	palladium	NOUN
dem-1054	164	13	silver	silver	NOUN
dem-1054	164	14	platinum	platinum	NOUN
dem-1054	164	15	gold	gold	NOUN
dem-1054	164	16	0,00000	0,00000	NUM
dem-1054	164	17	0,00020	0,00020	NOUN
dem-1054	164	18	0,00040	0,00040	NUM
dem-1054	164	19	0,00060	0,00060	SYM
dem-1054	164	20	0,00080	0,00080	NOUN
dem-1054	164	21	0,00000	0,00000	NUM
dem-1054	165	1	0,00500	0,00500	NOUN
dem-1054	166	1	0,01000	0,01000	NOUN
dem-1054	166	2	0,01500	0,01500	NOUN
dem-1054	166	3	0,02000	0,02000	NUM
dem-1054	167	1	0,02500	0,02500	NOUN
dem-1054	167	2	0,03000	0,03000	NOUN
dem-1054	167	3	standard	standard	ADJ
dem-1054	167	4	dev	dev	PROPN
dem-1054	167	5	iation	iation	NOUN
dem-1054	167	6	m	m	PROPN
dem-1054	167	7	ea	ea	PROPN
dem-1054	167	8	n	n	CCONJ
dem-1054	167	9	non	non	ADJ
dem-1054	167	10	-	-	ADJ
dem-1054	167	11	classical	classical	ADJ
dem-1054	167	12	measures	measure	NOUN
dem-1054	167	13	of	of	ADP
dem-1054	167	14	investment	investment	NOUN
dem-1054	167	15	risk	risk	NOUN
dem-1054	167	16	on	on	ADP
dem-1054	167	17	the	the	DET
dem-1054	167	18	market	market	NOUN
dem-1054	167	19	of	of	ADP
dem-1054	167	20	precious	precious	ADJ
dem-1054	167	21	…	…	PUNCT
dem-1054	167	22	dynamic	dynamic	ADJ
dem-1054	167	23	econometric	econometric	ADJ
dem-1054	167	24	models	model	NOUN
dem-1054	167	25	12	12	NUM
dem-1054	167	26	(	(	PUNCT
dem-1054	167	27	2012	2012	NUM
dem-1054	167	28	)	)	PUNCT
dem-1054	167	29	89–103	89–103	NUM
dem-1054	167	30	99	99	NUM
dem-1054	167	31	pected	pected	ADJ
dem-1054	167	32	return	return	NOUN
dem-1054	167	33	of	of	ADP
dem-1054	167	34	empirical	empirical	ADJ
dem-1054	167	35	data	datum	NOUN
dem-1054	167	36	is	be	AUX
dem-1054	167	37	provided	provide	VERB
dem-1054	167	38	rather	rather	ADV
dem-1054	167	39	by	by	ADP
dem-1054	167	40	the	the	DET
dem-1054	167	41	value	value	NOUN
dem-1054	167	42	of	of	ADP
dem-1054	167	43	location	location	NOUN
dem-1054	167	44	parameter	parameter	NOUN
dem-1054	167	45	than	than	ADP
dem-1054	167	46	by	by	ADP
dem-1054	167	47	the	the	DET
dem-1054	167	48	value	value	NOUN
dem-1054	167	49	of	of	ADP
dem-1054	167	50	mean	mean	NOUN
dem-1054	167	51	(	(	PUNCT
dem-1054	167	52	which	which	PRON
dem-1054	167	53	is	be	AUX
dem-1054	167	54	more	more	ADV
dem-1054	167	55	suitable	suitable	ADJ
dem-1054	167	56	if	if	SCONJ
dem-1054	167	57	the	the	DET
dem-1054	167	58	assumption	assumption	NOUN
dem-1054	167	59	figure	figure	NOUN
dem-1054	167	60	6	6	NUM
dem-1054	167	61	.	.	PUNCT
dem-1054	167	62	fitting	fit	VERB
dem-1054	167	63	of	of	ADP
dem-1054	167	64	normal	normal	ADJ
dem-1054	167	65	distribution	distribution	NOUN
dem-1054	167	66	–	–	PUNCT
dem-1054	167	67	platinum	platinum	NOUN
dem-1054	167	68	of	of	ADP
dem-1054	167	69	normality	normality	NOUN
dem-1054	167	70	is	be	AUX
dem-1054	167	71	not	not	PART
dem-1054	167	72	rejected	reject	VERB
dem-1054	167	73	)	)	PUNCT
dem-1054	167	74	.	.	PUNCT
dem-1054	168	1	the	the	DET
dem-1054	168	2	scale	scale	NOUN
dem-1054	168	3	parameter	parameter	NOUN
dem-1054	168	4	σ	σ	PROPN
dem-1054	168	5	can	can	AUX
dem-1054	168	6	be	be	AUX
dem-1054	168	7	interpreted	interpret	VERB
dem-1054	168	8	as	as	ADP
dem-1054	168	9	a	a	DET
dem-1054	168	10	dispersion	dispersion	NOUN
dem-1054	168	11	parameter	parameter	NOUN
dem-1054	168	12	(	(	PUNCT
dem-1054	168	13	just	just	ADV
dem-1054	168	14	like	like	ADP
dem-1054	168	15	the	the	DET
dem-1054	168	16	standard	standard	ADJ
dem-1054	168	17	deviation	deviation	NOUN
dem-1054	168	18	in	in	ADP
dem-1054	168	19	normal	normal	ADJ
dem-1054	168	20	case	case	NOUN
dem-1054	168	21	)	)	PUNCT
dem-1054	168	22	as	as	SCONJ
dem-1054	168	23	the	the	DET
dem-1054	168	24	relation	relation	NOUN
dem-1054	168	25	between	between	ADP
dem-1054	168	26	location	location	NOUN
dem-1054	168	27	parameter	parameter	NOUN
dem-1054	168	28	of	of	ADP
dem-1054	168	29	stable	stable	ADJ
dem-1054	168	30	distribution	distribution	NOUN
dem-1054	168	31	and	and	CCONJ
dem-1054	168	32	standard	standard	ADJ
dem-1054	168	33	deviation	deviation	NOUN
dem-1054	168	34	of	of	ADP
dem-1054	168	35	normal	normal	ADJ
dem-1054	168	36	distribution	distribution	NOUN
dem-1054	168	37	is	be	AUX
dem-1054	168	38	as	as	SCONJ
dem-1054	168	39	follows	follow	VERB
dem-1054	168	40	:	:	PUNCT
dem-1054	168	41	2nσσ	2nσσ	NUM
dem-1054	168	42	=	=	SYM
dem-1054	168	43	.	.	PUNCT
dem-1054	169	1	the	the	DET
dem-1054	169	2	fitting	fitting	NOUN
dem-1054	169	3	of	of	ADP
dem-1054	169	4	normal	normal	ADJ
dem-1054	169	5	and	and	CCONJ
dem-1054	169	6	stable	stable	ADJ
dem-1054	169	7	distributions	distribution	NOUN
dem-1054	169	8	to	to	ADP
dem-1054	169	9	the	the	DET
dem-1054	169	10	empirical	empirical	ADJ
dem-1054	169	11	data	datum	NOUN
dem-1054	169	12	of	of	ADP
dem-1054	169	13	variable	variable	ADJ
dem-1054	169	14	platinum	platinum	NOUN
dem-1054	169	15	is	be	AUX
dem-1054	169	16	presented	present	VERB
dem-1054	169	17	using	use	VERB
dem-1054	169	18	histograms	histogram	NOUN
dem-1054	169	19	and	and	CCONJ
dem-1054	169	20	qq	qq	NOUN
dem-1054	169	21	-	-	NOUN
dem-1054	169	22	plots	plot	NOUN
dem-1054	169	23	(	(	PUNCT
dem-1054	169	24	figures	figure	NOUN
dem-1054	169	25	6–9	6–9	NOUN
dem-1054	169	26	)	)	PUNCT
dem-1054	169	27	.	.	PUNCT
dem-1054	170	1	figure	figure	VERB
dem-1054	170	2	7	7	NUM
dem-1054	170	3	.	.	NOUN
dem-1054	171	1	fitting	fit	VERB
dem-1054	171	2	of	of	ADP
dem-1054	171	3	stable	stable	ADJ
dem-1054	171	4	distribution	distribution	NOUN
dem-1054	171	5	–	–	PUNCT
dem-1054	171	6	platinum	platinum	NOUN
dem-1054	171	7	-0.15	-0.15	NUM
dem-1054	171	8	-0.1	-0.1	PROPN
dem-1054	171	9	-0.05	-0.05	PROPN
dem-1054	171	10	-	-	PUNCT
dem-1054	171	11	1.38778	1.38778	NUM
dem-1054	171	12	10	10	PROPN
dem-1054	171	13	-	-	PUNCT
dem-1054	171	14	170.05	170.05	NUM
dem-1054	171	15	0.1	0.1	NUM
dem-1054	171	16	10	10	NUM
dem-1054	171	17	20	20	NUM
dem-1054	171	18	30	30	NUM
dem-1054	171	19	-0.15	-0.15	NUM
dem-1054	171	20	-0.1	-0.1	PROPN
dem-1054	171	21	-0.05	-0.05	PROPN
dem-1054	171	22	-	-	PUNCT
dem-1054	171	23	1.38778	1.38778	NUM
dem-1054	171	24	10	10	PROPN
dem-1054	171	25	-	-	PUNCT
dem-1054	171	26	170.05	170.05	NUM
dem-1054	171	27	0.1	0.1	NUM
dem-1054	171	28	10	10	NUM
dem-1054	171	29	20	20	NUM
dem-1054	171	30	30	30	NUM
dem-1054	171	31	dominik	dominik	PROPN
dem-1054	171	32	krężołek	krężołek	PROPN
dem-1054	171	33	dynamic	dynamic	ADJ
dem-1054	171	34	econometric	econometric	ADJ
dem-1054	171	35	models	model	NOUN
dem-1054	171	36	12	12	NUM
dem-1054	171	37	(	(	PUNCT
dem-1054	171	38	2012	2012	NUM
dem-1054	171	39	)	)	PUNCT
dem-1054	171	40	89–103	89–103	NUM
dem-1054	171	41	100	100	NUM
dem-1054	171	42	the	the	DET
dem-1054	171	43	figures	figure	NOUN
dem-1054	171	44	6–7	6–7	NOUN
dem-1054	171	45	show	show	VERB
dem-1054	171	46	that	that	SCONJ
dem-1054	171	47	stable	stable	ADJ
dem-1054	171	48	distribution	distribution	NOUN
dem-1054	171	49	is	be	AUX
dem-1054	171	50	better	well	ADV
dem-1054	171	51	fitted	fit	VERB
dem-1054	171	52	to	to	ADP
dem-1054	171	53	the	the	DET
dem-1054	171	54	empirical	empirical	ADJ
dem-1054	171	55	data	datum	NOUN
dem-1054	171	56	of	of	ADP
dem-1054	171	57	platinum	platinum	NOUN
dem-1054	171	58	than	than	ADP
dem-1054	171	59	in	in	ADP
dem-1054	171	60	the	the	DET
dem-1054	171	61	normal	normal	ADJ
dem-1054	171	62	case	case	NOUN
dem-1054	171	63	.	.	PUNCT
dem-1054	172	1	qq	qq	NOUN
dem-1054	172	2	-	-	NOUN
dem-1054	172	3	plots	plot	NOUN
dem-1054	172	4	confirm	confirm	VERB
dem-1054	172	5	that	that	SCONJ
dem-1054	172	6	in	in	ADP
dem-1054	172	7	terms	term	NOUN
dem-1054	172	8	of	of	ADP
dem-1054	172	9	quantile	quantile	ADJ
dem-1054	172	10	analysis	analysis	NOUN
dem-1054	172	11	.	.	PUNCT
dem-1054	173	1	the	the	DET
dem-1054	173	2	more	more	ADV
dem-1054	173	3	dotted	dotted	ADJ
dem-1054	173	4	line	line	NOUN
dem-1054	173	5	covers	cover	VERB
dem-1054	173	6	the	the	DET
dem-1054	173	7	solid	solid	ADJ
dem-1054	173	8	one	one	NOUN
dem-1054	173	9	the	the	DET
dem-1054	173	10	better	well	ADJ
dem-1054	173	11	fit	fit	NOUN
dem-1054	173	12	to	to	ADP
dem-1054	173	13	the	the	DET
dem-1054	173	14	theoretical	theoretical	ADJ
dem-1054	173	15	distribution	distribution	NOUN
dem-1054	173	16	.	.	PUNCT
dem-1054	174	1	this	this	DET
dem-1054	174	2	property	property	NOUN
dem-1054	174	3	of	of	ADP
dem-1054	174	4	qq	qq	NOUN
dem-1054	174	5	-	-	NOUN
dem-1054	174	6	plot	plot	NOUN
dem-1054	174	7	is	be	AUX
dem-1054	174	8	rejected	reject	VERB
dem-1054	174	9	for	for	ADP
dem-1054	174	10	normal	normal	ADJ
dem-1054	174	11	case	case	NOUN
dem-1054	174	12	.	.	PUNCT
dem-1054	175	1	figure	figure	NOUN
dem-1054	175	2	8	8	NUM
dem-1054	175	3	.	.	PUNCT
dem-1054	176	1	qq	qq	NOUN
dem-1054	176	2	-	-	NOUN
dem-1054	176	3	plot	plot	NOUN
dem-1054	176	4	of	of	ADP
dem-1054	176	5	normal	normal	ADJ
dem-1054	176	6	distribution	distribution	NOUN
dem-1054	176	7	–	–	PUNCT
dem-1054	176	8	platinum	platinum	NOUN
dem-1054	176	9	figure	figure	NOUN
dem-1054	176	10	9	9	NUM
dem-1054	176	11	.	.	PUNCT
dem-1054	177	1	qq	qq	NOUN
dem-1054	177	2	-	-	NOUN
dem-1054	177	3	plot	plot	NOUN
dem-1054	177	4	of	of	ADP
dem-1054	177	5	stable	stable	ADJ
dem-1054	177	6	distribution	distribution	NOUN
dem-1054	177	7	–	–	PUNCT
dem-1054	177	8	platinum	platinum	NOUN
dem-1054	177	9	further	further	ADJ
dem-1054	177	10	risk	risk	NOUN
dem-1054	177	11	analysis	analysis	NOUN
dem-1054	177	12	is	be	AUX
dem-1054	177	13	based	base	VERB
dem-1054	177	14	on	on	ADP
dem-1054	177	15	the	the	DET
dem-1054	177	16	non	non	ADJ
dem-1054	177	17	-	-	ADJ
dem-1054	177	18	classical	classical	ADJ
dem-1054	177	19	measures	measure	NOUN
dem-1054	177	20	arising	arise	VERB
dem-1054	177	21	from	from	ADP
dem-1054	177	22	the	the	DET
dem-1054	177	23	methodology	methodology	NOUN
dem-1054	177	24	of	of	ADP
dem-1054	177	25	value	value	NOUN
dem-1054	177	26	-	-	PUNCT
dem-1054	177	27	at	at	ADP
dem-1054	177	28	-	-	PUNCT
dem-1054	177	29	risk	risk	NOUN
dem-1054	177	30	.	.	PUNCT
dem-1054	178	1	the	the	DET
dem-1054	178	2	concept	concept	NOUN
dem-1054	178	3	of	of	ADP
dem-1054	178	4	var	var	NOUN
dem-1054	178	5	is	be	AUX
dem-1054	178	6	based	base	VERB
dem-1054	178	7	on	on	ADP
dem-1054	178	8	the	the	DET
dem-1054	178	9	estimation	estimation	NOUN
dem-1054	178	10	of	of	ADP
dem-1054	178	11	quantile	quantile	NOUN
dem-1054	178	12	of	of	ADP
dem-1054	178	13	arbitrary	arbitrary	ADJ
dem-1054	178	14	distribution	distribution	NOUN
dem-1054	178	15	.	.	PUNCT
dem-1054	179	1	in	in	ADP
dem-1054	179	2	the	the	DET
dem-1054	179	3	first	first	ADJ
dem-1054	179	4	step	step	NOUN
dem-1054	179	5	the	the	DET
dem-1054	179	6	value	value	NOUN
dem-1054	179	7	-	-	PUNCT
dem-1054	179	8	at	at	ADP
dem-1054	179	9	-	-	PUNCT
dem-1054	179	10	risk	risk	NOUN
dem-1054	179	11	for	for	SCONJ
dem-1054	179	12	each	each	DET
dem-1054	179	13	variable	variable	NOUN
dem-1054	179	14	is	be	AUX
dem-1054	179	15	calculated	calculate	VERB
dem-1054	179	16	.	.	PUNCT
dem-1054	180	1	for	for	ADP
dem-1054	180	2	calculation	calculation	NOUN
dem-1054	180	3	one	one	NUM
dem-1054	180	4	-	-	PUNCT
dem-1054	180	5	period	period	NOUN
dem-1054	180	6	forecast	forecast	NOUN
dem-1054	180	7	is	be	AUX
dem-1054	180	8	used	use	VERB
dem-1054	180	9	.	.	PUNCT
dem-1054	181	1	the	the	DET
dem-1054	181	2	results	result	NOUN
dem-1054	181	3	presented	present	VERB
dem-1054	181	4	in	in	ADP
dem-1054	181	5	table	table	NOUN
dem-1054	181	6	5	5	NUM
dem-1054	181	7	.	.	PUNCT
dem-1054	181	8	-0.04	-0.04	NUM
dem-1054	181	9	-0.02	-0.02	NUM
dem-1054	181	10	0.02	0.02	NUM
dem-1054	181	11	0.04	0.04	NUM
dem-1054	181	12	-0.06	-0.06	NUM
dem-1054	181	13	-0.04	-0.04	NUM
dem-1054	181	14	-0.02	-0.02	NUM
dem-1054	181	15	0.02	0.02	NUM
dem-1054	181	16	0.04	0.04	NUM
dem-1054	181	17	-0.04	-0.04	NUM
dem-1054	181	18	-0.02	-0.02	NUM
dem-1054	181	19	0.02	0.02	NUM
dem-1054	181	20	0.04	0.04	NUM
dem-1054	181	21	-0.04	-0.04	NUM
dem-1054	181	22	-0.02	-0.02	NUM
dem-1054	181	23	0.02	0.02	NUM
dem-1054	181	24	0.04	0.04	NUM
dem-1054	181	25	non	non	ADJ
dem-1054	181	26	-	-	ADJ
dem-1054	181	27	classical	classical	ADJ
dem-1054	181	28	measures	measure	NOUN
dem-1054	181	29	of	of	ADP
dem-1054	181	30	investment	investment	NOUN
dem-1054	181	31	risk	risk	NOUN
dem-1054	181	32	on	on	ADP
dem-1054	181	33	the	the	DET
dem-1054	181	34	market	market	NOUN
dem-1054	181	35	of	of	ADP
dem-1054	181	36	precious	precious	ADJ
dem-1054	181	37	…	…	PUNCT
dem-1054	181	38	dynamic	dynamic	ADJ
dem-1054	181	39	econometric	econometric	ADJ
dem-1054	181	40	models	model	NOUN
dem-1054	181	41	12	12	NUM
dem-1054	181	42	(	(	PUNCT
dem-1054	181	43	2012	2012	NUM
dem-1054	181	44	)	)	PUNCT
dem-1054	181	45	89–103	89–103	NUM
dem-1054	181	46	101	101	NUM
dem-1054	181	47	table	table	NOUN
dem-1054	181	48	5	5	NUM
dem-1054	181	49	.	.	PUNCT
dem-1054	181	50	value	value	NOUN
dem-1054	181	51	-	-	PUNCT
dem-1054	181	52	at	at	ADP
dem-1054	181	53	-	-	PUNCT
dem-1054	181	54	risk	risk	NOUN
dem-1054	181	55	estimates	estimate	NOUN
dem-1054	181	56	risk	risk	NOUN
dem-1054	181	57	measure	measure	NOUN
dem-1054	181	58	type	type	NOUN
dem-1054	181	59	of	of	ADP
dem-1054	181	60	distribution	distribution	NOUN
dem-1054	181	61	quantile	quantile	NOUN
dem-1054	181	62	gold	gold	NOUN
dem-1054	181	63	silver	silver	NOUN
dem-1054	181	64	platinum	platinum	NOUN
dem-1054	181	65	palladium	palladium	NOUN
dem-1054	181	66	valueat	valueat	NOUN
dem-1054	181	67	-	-	PUNCT
dem-1054	181	68	risk	risk	NOUN
dem-1054	181	69	empirical	empirical	ADJ
dem-1054	181	70	distribution	distribution	NOUN
dem-1054	181	71	0.01	0.01	NUM
dem-1054	181	72	-0.03298	-0.03298	PROPN
dem-1054	181	73	-0.05946	-0.05946	PROPN
dem-1054	181	74	-0.04992	-0.04992	PROPN
dem-1054	181	75	-0.07466	-0.07466	PROPN
dem-1054	181	76	0.05	0.05	NUM
dem-1054	181	77	-0.01727	-0.01727	PROPN
dem-1054	181	78	-0.03093	-0.03093	PROPN
dem-1054	181	79	-0.02266	-0.02266	PROPN
dem-1054	182	1	-0.03747	-0.03747	VERB
dem-1054	182	2	normal	normal	ADJ
dem-1054	182	3	distribution	distribution	NOUN
dem-1054	182	4	0.01	0.01	NUM
dem-1054	182	5	-0.02414	-0.02414	VERB
dem-1054	183	1	-0.04929	-0.04929	NOUN
dem-1054	183	2	-0.03684	-0.03684	PROPN
dem-1054	183	3	-0.05663	-0.05663	PROPN
dem-1054	183	4	0.05	0.05	NUM
dem-1054	183	5	-0.01815	-0.01815	NOUN
dem-1054	183	6	-0.03344	-0.03344	PROPN
dem-1054	183	7	-0.0262	-0.0262	PROPN
dem-1054	183	8	-0.04074	-0.04074	X
dem-1054	183	9	stable	stable	ADJ
dem-1054	183	10	distribution	distribution	NOUN
dem-1054	183	11	0.01	0.01	NUM
dem-1054	183	12	-0.03638	-0.03638	NOUN
dem-1054	183	13	-0.06713	-0.06713	PROPN
dem-1054	183	14	-0.05238	-0.05238	PROPN
dem-1054	183	15	-0.08346	-0.08346	PROPN
dem-1054	183	16	0.05	0.05	NUM
dem-1054	183	17	-0.01651	-0.01651	NOUN
dem-1054	183	18	-0.02931	-0.02931	ADJ
dem-1054	183	19	-0.02218	-0.02218	ADJ
dem-1054	183	20	-0.03453	-0.03453	NOUN
dem-1054	183	21	table	table	NOUN
dem-1054	183	22	5	5	NUM
dem-1054	183	23	presents	present	NOUN
dem-1054	183	24	value	value	NOUN
dem-1054	183	25	-	-	PUNCT
dem-1054	183	26	at	at	ADP
dem-1054	183	27	-	-	PUNCT
dem-1054	183	28	risk	risk	NOUN
dem-1054	183	29	estimates	estimate	NOUN
dem-1054	183	30	for	for	ADP
dem-1054	183	31	quantiles	quantile	NOUN
dem-1054	183	32	0.01	0.01	NUM
dem-1054	183	33	and	and	CCONJ
dem-1054	183	34	0.05	0.05	NUM
dem-1054	183	35	for	for	ADP
dem-1054	183	36	three	three	NUM
dem-1054	183	37	types	type	NOUN
dem-1054	183	38	of	of	ADP
dem-1054	183	39	distributions	distribution	NOUN
dem-1054	183	40	.	.	PUNCT
dem-1054	184	1	the	the	DET
dem-1054	184	2	results	result	NOUN
dem-1054	184	3	obtained	obtain	VERB
dem-1054	184	4	for	for	ADP
dem-1054	184	5	the	the	DET
dem-1054	184	6	stable	stable	ADJ
dem-1054	184	7	model	model	NOUN
dem-1054	184	8	are	be	AUX
dem-1054	184	9	similar	similar	ADJ
dem-1054	184	10	to	to	ADP
dem-1054	184	11	those	those	PRON
dem-1054	184	12	obtained	obtain	VERB
dem-1054	184	13	for	for	ADP
dem-1054	184	14	the	the	DET
dem-1054	184	15	empirical	empirical	ADJ
dem-1054	184	16	distribution	distribution	NOUN
dem-1054	184	17	.	.	PUNCT
dem-1054	185	1	however	however	ADV
dem-1054	185	2	,	,	PUNCT
dem-1054	185	3	comparing	compare	VERB
dem-1054	185	4	results	result	NOUN
dem-1054	185	5	of	of	ADP
dem-1054	185	6	normal	normal	ADJ
dem-1054	185	7	estimates	estimate	NOUN
dem-1054	185	8	,	,	PUNCT
dem-1054	185	9	the	the	DET
dem-1054	185	10	differences	difference	NOUN
dem-1054	185	11	are	be	AUX
dem-1054	185	12	significant	significant	ADJ
dem-1054	185	13	.	.	PUNCT
dem-1054	186	1	for	for	ADP
dem-1054	186	2	example	example	NOUN
dem-1054	186	3	,	,	PUNCT
dem-1054	186	4	the	the	DET
dem-1054	186	5	var	var	NOUN
dem-1054	186	6	for	for	ADP
dem-1054	186	7	gold	gold	NOUN
dem-1054	186	8	at	at	ADP
dem-1054	186	9	0.01	0.01	NUM
dem-1054	186	10	confidence	confidence	NOUN
dem-1054	186	11	level	level	NOUN
dem-1054	186	12	for	for	ADP
dem-1054	186	13	normal	normal	ADJ
dem-1054	186	14	distribution	distribution	NOUN
dem-1054	186	15	is	be	AUX
dem-1054	186	16	-0.02414	-0.02414	VERB
dem-1054	186	17	while	while	SCONJ
dem-1054	186	18	for	for	ADP
dem-1054	186	19	empirical	empirical	ADJ
dem-1054	186	20	and	and	CCONJ
dem-1054	186	21	stable	stable	ADJ
dem-1054	186	22	distribution	distribution	NOUN
dem-1054	186	23	is	be	AUX
dem-1054	186	24	-0.03289	-0.03289	ADJ
dem-1054	186	25	and	and	CCONJ
dem-1054	186	26	-0.03638	-0.03638	NOUN
dem-1054	186	27	respectively	respectively	ADV
dem-1054	186	28	.	.	PUNCT
dem-1054	187	1	therefore	therefore	ADV
dem-1054	187	2	,	,	PUNCT
dem-1054	187	3	taking	take	VERB
dem-1054	187	4	into	into	ADP
dem-1054	187	5	account	account	NOUN
dem-1054	187	6	the	the	DET
dem-1054	187	7	normal	normal	ADJ
dem-1054	187	8	case	case	NOUN
dem-1054	187	9	,	,	PUNCT
dem-1054	187	10	potential	potential	ADJ
dem-1054	187	11	loss	loss	NOUN
dem-1054	187	12	seems	seem	VERB
dem-1054	187	13	to	to	PART
dem-1054	187	14	be	be	AUX
dem-1054	187	15	lower	low	ADJ
dem-1054	187	16	than	than	SCONJ
dem-1054	187	17	it	it	PRON
dem-1054	187	18	actually	actually	ADV
dem-1054	187	19	is	be	AUX
dem-1054	187	20	(	(	PUNCT
dem-1054	187	21	comparing	compare	VERB
dem-1054	187	22	to	to	ADP
dem-1054	187	23	the	the	DET
dem-1054	187	24	empirical	empirical	ADJ
dem-1054	187	25	values	value	NOUN
dem-1054	187	26	)	)	PUNCT
dem-1054	187	27	.	.	PUNCT
dem-1054	188	1	moreover	moreover	ADV
dem-1054	188	2	,	,	PUNCT
dem-1054	188	3	the	the	DET
dem-1054	188	4	results	result	NOUN
dem-1054	188	5	are	be	AUX
dem-1054	188	6	corroboration	corroboration	NOUN
dem-1054	188	7	of	of	ADP
dem-1054	188	8	the	the	DET
dem-1054	188	9	fitting	fitting	ADJ
dem-1054	188	10	quality	quality	NOUN
dem-1054	188	11	of	of	ADP
dem-1054	188	12	stable	stable	ADJ
dem-1054	188	13	models	model	NOUN
dem-1054	188	14	to	to	ADP
dem-1054	188	15	the	the	DET
dem-1054	188	16	empirical	empirical	ADJ
dem-1054	188	17	data	datum	NOUN
dem-1054	188	18	.	.	PUNCT
dem-1054	189	1	table	table	NOUN
dem-1054	189	2	6	6	NUM
dem-1054	189	3	.	.	PUNCT
dem-1054	190	1	expected	expect	VERB
dem-1054	190	2	shortfall	shortfall	NOUN
dem-1054	190	3	estimates	estimate	NOUN
dem-1054	190	4	risk	risk	NOUN
dem-1054	190	5	measure	measure	NOUN
dem-1054	190	6	type	type	NOUN
dem-1054	190	7	of	of	ADP
dem-1054	190	8	distribution	distribution	NOUN
dem-1054	190	9	quantile	quantile	NOUN
dem-1054	190	10	gold	gold	NOUN
dem-1054	190	11	silver	silver	NOUN
dem-1054	190	12	platinum	platinum	NOUN
dem-1054	190	13	palladium	palladium	NOUN
dem-1054	190	14	expected	expect	VERB
dem-1054	190	15	shortfall	shortfall	NOUN
dem-1054	190	16	empirical	empirical	ADJ
dem-1054	190	17	distribution	distribution	NOUN
dem-1054	190	18	0.01	0.01	NUM
dem-1054	190	19	-0.04349	-0.04349	NOUN
dem-1054	191	1	-0.09007	-0.09007	PROPN
dem-1054	191	2	-0.07171	-0.07171	PROPN
dem-1054	191	3	-0.09979	-0.09979	NOUN
dem-1054	192	1	0.05	0.05	NUM
dem-1054	192	2	-0.02707	-0.02707	NOUN
dem-1054	192	3	-0.05209	-0.05209	NOUN
dem-1054	192	4	-0.04001	-0.04001	NOUN
dem-1054	192	5	-0.05930	-0.05930	X
dem-1054	192	6	normal	normal	ADJ
dem-1054	192	7	distribution	distribution	NOUN
dem-1054	192	8	0.01	0.01	NUM
dem-1054	192	9	-0.02715	-0.02715	NOUN
dem-1054	192	10	-0.05739	-0.05739	NOUN
dem-1054	192	11	-0.04209	-0.04209	NOUN
dem-1054	192	12	-0.06523	-0.06523	PROPN
dem-1054	192	13	0.05	0.05	NUM
dem-1054	192	14	-0.02207	-0.02207	NOUN
dem-1054	192	15	-0.04352	-0.04352	VERB
dem-1054	192	16	-0.03286	-0.03286	ADJ
dem-1054	192	17	-0.05051	-0.05051	ADJ
dem-1054	193	1	stable	stable	ADJ
dem-1054	193	2	distribution	distribution	NOUN
dem-1054	193	3	0.01	0.01	NUM
dem-1054	193	4	-0.04429	-0.04429	ADJ
dem-1054	193	5	-0.09507	-0.09507	NOUN
dem-1054	193	6	-0.08766	-0.08766	PROPN
dem-1054	193	7	-0.08540	-0.08540	VERB
dem-1054	193	8	0.05	0.05	NUM
dem-1054	193	9	-0.03563	-0.03563	PROPN
dem-1054	193	10	-0.06547	-0.06547	PROPN
dem-1054	193	11	-0.06267	-0.06267	PROPN
dem-1054	193	12	-0.06288	-0.06288	NOUN
dem-1054	194	1	similar	similar	ADJ
dem-1054	194	2	results	result	NOUN
dem-1054	194	3	obtained	obtain	VERB
dem-1054	194	4	for	for	ADP
dem-1054	194	5	the	the	DET
dem-1054	194	6	expected	expect	VERB
dem-1054	194	7	shortfall	shortfall	NOUN
dem-1054	194	8	(	(	PUNCT
dem-1054	194	9	table	table	NOUN
dem-1054	194	10	6	6	NUM
dem-1054	194	11	)	)	PUNCT
dem-1054	194	12	and	and	CCONJ
dem-1054	194	13	median	median	ADJ
dem-1054	194	14	shortfall	shortfall	NOUN
dem-1054	194	15	(	(	PUNCT
dem-1054	194	16	table	table	NOUN
dem-1054	194	17	7	7	NUM
dem-1054	194	18	)	)	PUNCT
dem-1054	194	19	.	.	PUNCT
dem-1054	195	1	expected	expect	VERB
dem-1054	195	2	loss	loss	NOUN
dem-1054	195	3	exceeding	exceed	VERB
dem-1054	195	4	var	var	NOUN
dem-1054	195	5	(	(	PUNCT
dem-1054	195	6	in	in	ADP
dem-1054	195	7	terms	term	NOUN
dem-1054	195	8	of	of	ADP
dem-1054	195	9	mean	mean	NOUN
dem-1054	195	10	and	and	CCONJ
dem-1054	195	11	median	median	ADJ
dem-1054	195	12	)	)	PUNCT
dem-1054	195	13	is	be	AUX
dem-1054	195	14	similar	similar	ADJ
dem-1054	195	15	for	for	ADP
dem-1054	195	16	normal	normal	ADJ
dem-1054	195	17	and	and	CCONJ
dem-1054	195	18	stable	stable	ADJ
dem-1054	195	19	distributions	distribution	NOUN
dem-1054	195	20	while	while	SCONJ
dem-1054	195	21	it	it	PRON
dem-1054	195	22	differs	differ	VERB
dem-1054	195	23	for	for	ADP
dem-1054	195	24	the	the	DET
dem-1054	195	25	normal	normal	ADJ
dem-1054	195	26	one	one	NUM
dem-1054	195	27	.	.	PUNCT
dem-1054	196	1	table	table	NOUN
dem-1054	196	2	7	7	NUM
dem-1054	196	3	.	.	PUNCT
dem-1054	197	1	median	median	ADJ
dem-1054	197	2	shortfall	shortfall	NOUN
dem-1054	197	3	estimates	estimate	VERB
dem-1054	197	4	risk	risk	NOUN
dem-1054	197	5	measure	measure	NOUN
dem-1054	197	6	type	type	NOUN
dem-1054	197	7	of	of	ADP
dem-1054	197	8	distribution	distribution	NOUN
dem-1054	197	9	quantile	quantile	NOUN
dem-1054	197	10	r	r	NOUN
dem-1054	197	11	-	-	PUNCT
dem-1054	197	12	gold	gold	ADJ
dem-1054	197	13	r	r	NOUN
dem-1054	197	14	-	-	PUNCT
dem-1054	197	15	silver	silver	ADJ
dem-1054	197	16	r	r	NOUN
dem-1054	197	17	-	-	PUNCT
dem-1054	197	18	platinum	platinum	NOUN
dem-1054	197	19	r	r	NOUN
dem-1054	197	20	-	-	PUNCT
dem-1054	197	21	palladium	palladium	ADJ
dem-1054	197	22	median	median	ADJ
dem-1054	197	23	shortfall	shortfall	NOUN
dem-1054	197	24	empirical	empirical	ADJ
dem-1054	197	25	distribution	distribution	NOUN
dem-1054	197	26	0.01	0.01	NUM
dem-1054	197	27	-0.04017	-0.04017	NOUN
dem-1054	197	28	-0.07918	-0.07918	NOUN
dem-1054	197	29	-0.06704	-0.06704	PROPN
dem-1054	197	30	-0.09038	-0.09038	PROPN
dem-1054	197	31	0.05	0.05	NUM
dem-1054	197	32	-0.02359	-0.02359	PROPN
dem-1054	197	33	-0.04459	-0.04459	NOUN
dem-1054	197	34	-0.03377	-0.03377	PUNCT
dem-1054	197	35	-0.05055	-0.05055	VERB
dem-1054	197	36	normal	normal	ADJ
dem-1054	197	37	distribution	distribution	NOUN
dem-1054	197	38	0.01	0.01	NUM
dem-1054	197	39	-0.02591	-0.02591	NOUN
dem-1054	197	40	-0.05627	-0.05627	PROPN
dem-1054	197	41	-0.03951	-0.03951	ADJ
dem-1054	197	42	-0.06276	-0.06276	NOUN
dem-1054	197	43	0.05	0.05	NUM
dem-1054	197	44	-0.02147	-0.02147	PROPN
dem-1054	197	45	-0.04145	-0.04145	PROPN
dem-1054	197	46	-0.03137	-0.03137	PROPN
dem-1054	197	47	-0.05051	-0.05051	PROPN
dem-1054	198	1	stable	stable	ADJ
dem-1054	198	2	distribution	distribution	NOUN
dem-1054	198	3	0.01	0.01	NUM
dem-1054	198	4	-0.04341	-0.04341	NOUN
dem-1054	198	5	-0.07851	-0.07851	NOUN
dem-1054	198	6	-0.07346	-0.07346	NOUN
dem-1054	198	7	-0.09073	-0.09073	NOUN
dem-1054	198	8	0.05	0.05	NUM
dem-1054	198	9	-0.02594	-0.02594	PROPN
dem-1054	198	10	-0.03991	-0.03991	PROPN
dem-1054	198	11	-0.03263	-0.03263	PROPN
dem-1054	199	1	-0.04142	-0.04142	X
dem-1054	199	2	using	use	VERB
dem-1054	199	3	values	value	NOUN
dem-1054	199	4	of	of	ADP
dem-1054	199	5	var	var	NOUN
dem-1054	199	6	for	for	ADP
dem-1054	199	7	a	a	DET
dem-1054	199	8	given	give	VERB
dem-1054	199	9	pairs	pair	NOUN
dem-1054	199	10	of	of	ADP
dem-1054	199	11	quantiles	quantile	NOUN
dem-1054	199	12	,	,	PUNCT
dem-1054	199	13	the	the	DET
dem-1054	199	14	results	result	NOUN
dem-1054	199	15	obtained	obtain	VERB
dem-1054	199	16	for	for	ADP
dem-1054	199	17	−r	−r	ADJ
dem-1054	199	18	ratio	ratio	NOUN
dem-1054	199	19	are	be	AUX
dem-1054	199	20	presented	present	VERB
dem-1054	199	21	in	in	ADP
dem-1054	199	22	table	table	NOUN
dem-1054	199	23	8	8	NUM
dem-1054	199	24	and	and	CCONJ
dem-1054	199	25	table	table	NOUN
dem-1054	199	26	9	9	NUM
dem-1054	199	27	.	.	PUNCT
dem-1054	200	1	dominik	dominik	PROPN
dem-1054	200	2	krężołek	krężołek	PROPN
dem-1054	200	3	dynamic	dynamic	ADJ
dem-1054	200	4	econometric	econometric	ADJ
dem-1054	200	5	models	model	NOUN
dem-1054	200	6	12	12	NUM
dem-1054	200	7	(	(	PUNCT
dem-1054	200	8	2012	2012	NUM
dem-1054	200	9	)	)	PUNCT
dem-1054	200	10	89–103	89–103	NUM
dem-1054	200	11	102	102	NUM
dem-1054	200	12	table	table	NOUN
dem-1054	200	13	8	8	NUM
dem-1054	200	14	.	.	PUNCT
dem-1054	201	1	r	r	X
dem-1054	201	2	-	-	PUNCT
dem-1054	201	3	ratio	ratio	NOUN
dem-1054	201	4	estimates	estimate	NOUN
dem-1054	201	5	(	(	PUNCT
dem-1054	201	6	quantiles	quantile	NOUN
dem-1054	201	7	0.99	0.99	NUM
dem-1054	201	8	vs.	vs.	ADP
dem-1054	201	9	0.01	0.01	NUM
dem-1054	201	10	)	)	PUNCT
dem-1054	201	11	risk	risk	NOUN
dem-1054	201	12	measure	measure	NOUN
dem-1054	201	13	type	type	NOUN
dem-1054	201	14	of	of	ADP
dem-1054	201	15	distribution	distribution	NOUN
dem-1054	201	16	quantile	quantile	NOUN
dem-1054	201	17	r	r	NOUN
dem-1054	201	18	-	-	PUNCT
dem-1054	201	19	gold	gold	ADJ
dem-1054	201	20	r	r	NOUN
dem-1054	201	21	-	-	PUNCT
dem-1054	201	22	silver	silver	ADJ
dem-1054	201	23	r	r	NOUN
dem-1054	201	24	-	-	PUNCT
dem-1054	201	25	platinum	platinum	NOUN
dem-1054	201	26	r	r	NOUN
dem-1054	201	27	-	-	PUNCT
dem-1054	201	28	palladium	palladium	NOUN
dem-1054	201	29	r	r	NOUN
dem-1054	201	30	-	-	PUNCT
dem-1054	201	31	ratio	ratio	NOUN
dem-1054	201	32	empirical	empirical	ADJ
dem-1054	201	33	distribution	distribution	NOUN
dem-1054	201	34	0.99	0.99	NUM
dem-1054	201	35	vs.0.01	vs.0.01	VERB
dem-1054	201	36	1.22435	1.22435	NUM
dem-1054	201	37	1.12766	1.12766	NUM
dem-1054	201	38	0.99684	0.99684	NUM
dem-1054	201	39	1.00492	1.00492	NUM
dem-1054	201	40	normal	normal	ADJ
dem-1054	201	41	distribution	distribution	NOUN
dem-1054	201	42	0.99	0.99	NUM
dem-1054	201	43	vs.	vs.	ADP
dem-1054	201	44	0.01	0.01	NUM
dem-1054	201	45	1.13321	1.13321	NUM
dem-1054	201	46	1.19392	1.19392	NUM
dem-1054	201	47	0.98224	0.98224	NUM
dem-1054	201	48	1.02183	1.02183	NUM
dem-1054	201	49	stable	stable	ADJ
dem-1054	201	50	distribution	distribution	NOUN
dem-1054	201	51	0.99	0.99	NUM
dem-1054	201	52	vs.	vs.	ADP
dem-1054	201	53	0.01	0.01	NUM
dem-1054	201	54	1.21334	1.21334	NUM
dem-1054	201	55	1.14118	1.14118	NUM
dem-1054	201	56	0.99733	0.99733	NUM
dem-1054	201	57	1.01432	1.01432	NUM
dem-1054	201	58	taking	take	VERB
dem-1054	201	59	into	into	ADP
dem-1054	201	60	account	account	NOUN
dem-1054	201	61	quantiles	quantile	NOUN
dem-1054	201	62	0.99	0.99	NUM
dem-1054	201	63	and	and	CCONJ
dem-1054	201	64	0.01	0.01	NUM
dem-1054	201	65	the	the	DET
dem-1054	201	66	values	value	NOUN
dem-1054	201	67	of	of	ADP
dem-1054	201	68	ratio	ratio	NOUN
dem-1054	201	69	obtained	obtain	VERB
dem-1054	201	70	for	for	ADP
dem-1054	201	71	stable	stable	ADJ
dem-1054	201	72	distribution	distribution	NOUN
dem-1054	201	73	are	be	AUX
dem-1054	201	74	closer	close	ADJ
dem-1054	201	75	to	to	ADP
dem-1054	201	76	the	the	DET
dem-1054	201	77	values	value	NOUN
dem-1054	201	78	obtained	obtain	VERB
dem-1054	201	79	from	from	ADP
dem-1054	201	80	empirical	empirical	ADJ
dem-1054	201	81	distribution	distribution	NOUN
dem-1054	201	82	.	.	PUNCT
dem-1054	202	1	this	this	PRON
dem-1054	202	2	shows	show	VERB
dem-1054	202	3	that	that	SCONJ
dem-1054	202	4	the	the	DET
dem-1054	202	5	approach	approach	NOUN
dem-1054	202	6	based	base	VERB
dem-1054	202	7	on	on	ADP
dem-1054	202	8	stable	stable	ADJ
dem-1054	202	9	distribution	distribution	NOUN
dem-1054	202	10	is	be	AUX
dem-1054	202	11	more	more	ADV
dem-1054	202	12	adequate	adequate	ADJ
dem-1054	202	13	to	to	ADP
dem-1054	202	14	the	the	DET
dem-1054	202	15	real	real	ADJ
dem-1054	202	16	behavior	behavior	NOUN
dem-1054	202	17	of	of	ADP
dem-1054	202	18	stock	stock	NOUN
dem-1054	202	19	returns	return	NOUN
dem-1054	202	20	.	.	PUNCT
dem-1054	203	1	table	table	NOUN
dem-1054	203	2	9	9	NUM
dem-1054	203	3	.	.	PUNCT
dem-1054	204	1	r	r	X
dem-1054	204	2	-	-	PUNCT
dem-1054	204	3	ratio	ratio	NOUN
dem-1054	204	4	estimates	estimate	NOUN
dem-1054	204	5	(	(	PUNCT
dem-1054	204	6	quantiles	quantile	NOUN
dem-1054	204	7	0.95	0.95	NUM
dem-1054	204	8	vs.	vs.	ADP
dem-1054	204	9	0.05	0.05	NUM
dem-1054	204	10	)	)	PUNCT
dem-1054	204	11	risk	risk	NOUN
dem-1054	204	12	measure	measure	NOUN
dem-1054	204	13	type	type	NOUN
dem-1054	204	14	of	of	ADP
dem-1054	204	15	distribution	distribution	NOUN
dem-1054	204	16	quantile	quantile	NOUN
dem-1054	204	17	r	r	NOUN
dem-1054	204	18	-	-	PUNCT
dem-1054	204	19	gold	gold	ADJ
dem-1054	204	20	r	r	NOUN
dem-1054	204	21	-	-	PUNCT
dem-1054	204	22	silver	silver	ADJ
dem-1054	204	23	r	r	NOUN
dem-1054	204	24	-	-	PUNCT
dem-1054	204	25	platinum	platinum	NOUN
dem-1054	204	26	r	r	NOUN
dem-1054	204	27	-	-	PUNCT
dem-1054	204	28	palladium	palladium	NOUN
dem-1054	204	29	r	r	NOUN
dem-1054	204	30	-	-	PUNCT
dem-1054	204	31	ratio	ratio	NOUN
dem-1054	204	32	empirical	empirical	ADJ
dem-1054	204	33	distribution	distribution	NOUN
dem-1054	204	34	0.95	0.95	NUM
dem-1054	204	35	vs.0.05	vs.0.05	NOUN
dem-1054	204	36	1.01766	1.01766	NUM
dem-1054	204	37	1.04638	1.04638	NUM
dem-1054	204	38	1.00231	1.00231	NUM
dem-1054	204	39	1.01233	1.01233	NUM
dem-1054	204	40	normal	normal	ADJ
dem-1054	204	41	distribution	distribution	NOUN
dem-1054	204	42	0.95	0.95	NUM
dem-1054	204	43	vs.	vs.	ADP
dem-1054	204	44	0.05	0.05	NUM
dem-1054	204	45	1.12235	1.12235	NUM
dem-1054	204	46	1.11321	1.11321	NUM
dem-1054	204	47	0.99112	0.99112	NUM
dem-1054	204	48	1.09121	1.09121	NUM
dem-1054	204	49	stable	stable	ADJ
dem-1054	204	50	distribution	distribution	NOUN
dem-1054	204	51	0.95	0.95	NUM
dem-1054	204	52	vs.	vs.	ADP
dem-1054	204	53	0.05	0.05	NUM
dem-1054	204	54	1.02152	1.02152	NUM
dem-1054	204	55	1.08199	1.08199	NUM
dem-1054	204	56	0.99984	0.99984	NUM
dem-1054	204	57	1.04523	1.04523	NUM
dem-1054	204	58	the	the	DET
dem-1054	204	59	data	datum	NOUN
dem-1054	204	60	presented	present	VERB
dem-1054	204	61	in	in	ADP
dem-1054	204	62	table	table	NOUN
dem-1054	204	63	9	9	NUM
dem-1054	204	64	confirmed	confirm	VERB
dem-1054	204	65	the	the	DET
dem-1054	204	66	results	result	NOUN
dem-1054	204	67	obtained	obtain	VERB
dem-1054	204	68	for	for	ADP
dem-1054	204	69	quantiles	quantile	NOUN
dem-1054	204	70	0.99	0.99	NUM
dem-1054	204	71	and	and	CCONJ
dem-1054	204	72	0.01	0.01	NUM
dem-1054	204	73	–	–	PUNCT
dem-1054	204	74	the	the	DET
dem-1054	204	75	advantage	advantage	NOUN
dem-1054	204	76	of	of	ADP
dem-1054	204	77	using	use	VERB
dem-1054	204	78	stable	stable	ADJ
dem-1054	204	79	approach	approach	NOUN
dem-1054	204	80	over	over	ADP
dem-1054	204	81	the	the	DET
dem-1054	204	82	normal	normal	ADJ
dem-1054	204	83	one	one	NUM
dem-1054	204	84	.	.	PUNCT
dem-1054	205	1	conclusions	conclusion	NOUN
dem-1054	205	2	the	the	DET
dem-1054	205	3	application	application	NOUN
dem-1054	205	4	of	of	ADP
dem-1054	205	5	non	non	ADJ
dem-1054	205	6	-	-	ADJ
dem-1054	205	7	classical	classical	ADJ
dem-1054	205	8	risk	risk	NOUN
dem-1054	205	9	measures	measure	NOUN
dem-1054	205	10	plays	play	VERB
dem-1054	205	11	very	very	ADV
dem-1054	205	12	important	important	ADJ
dem-1054	205	13	role	role	NOUN
dem-1054	205	14	in	in	ADP
dem-1054	205	15	financial	financial	ADJ
dem-1054	205	16	market	market	NOUN
dem-1054	205	17	analysis	analysis	NOUN
dem-1054	205	18	.	.	PUNCT
dem-1054	206	1	both	both	DET
dem-1054	206	2	scientists	scientist	NOUN
dem-1054	206	3	and	and	CCONJ
dem-1054	206	4	practitioners	practitioner	NOUN
dem-1054	206	5	confirm	confirm	VERB
dem-1054	206	6	that	that	SCONJ
dem-1054	206	7	the	the	DET
dem-1054	206	8	risk	risk	NOUN
dem-1054	206	9	analysis	analysis	NOUN
dem-1054	206	10	has	have	VERB
dem-1054	206	11	to	to	PART
dem-1054	206	12	be	be	AUX
dem-1054	206	13	extended	extend	VERB
dem-1054	206	14	beyond	beyond	ADP
dem-1054	206	15	the	the	DET
dem-1054	206	16	normal	normal	ADJ
dem-1054	206	17	case	case	NOUN
dem-1054	206	18	,	,	PUNCT
dem-1054	206	19	and	and	CCONJ
dem-1054	206	20	this	this	DET
dem-1054	206	21	approach	approach	NOUN
dem-1054	206	22	covers	cover	VERB
dem-1054	206	23	not	not	PART
dem-1054	206	24	only	only	ADV
dem-1054	206	25	financial	financial	ADJ
dem-1054	206	26	market	market	NOUN
dem-1054	206	27	but	but	CCONJ
dem-1054	206	28	also	also	ADV
dem-1054	206	29	other	other	ADJ
dem-1054	206	30	ones	one	NOUN
dem-1054	206	31	,	,	PUNCT
dem-1054	206	32	e.g.	e.g.	ADV
dem-1054	206	33	non	non	ADJ
dem-1054	206	34	-	-	ADJ
dem-1054	206	35	ferrous	ferrous	ADJ
dem-1054	206	36	metals	metal	NOUN
dem-1054	206	37	market	market	NOUN
dem-1054	206	38	.	.	PUNCT
dem-1054	207	1	this	this	DET
dem-1054	207	2	paper	paper	NOUN
dem-1054	207	3	has	have	AUX
dem-1054	207	4	presented	present	VERB
dem-1054	207	5	the	the	DET
dem-1054	207	6	analysis	analysis	NOUN
dem-1054	207	7	of	of	ADP
dem-1054	207	8	daily	daily	ADJ
dem-1054	207	9	log	log	NOUN
dem-1054	207	10	-	-	PUNCT
dem-1054	207	11	returns	return	NOUN
dem-1054	207	12	of	of	ADP
dem-1054	207	13	gold	gold	NOUN
dem-1054	207	14	,	,	PUNCT
dem-1054	207	15	silver	silver	NOUN
dem-1054	207	16	,	,	PUNCT
dem-1054	207	17	platinum	platinum	NOUN
dem-1054	207	18	and	and	CCONJ
dem-1054	207	19	palladium	palladium	NOUN
dem-1054	207	20	time	time	NOUN
dem-1054	207	21	series	series	NOUN
dem-1054	207	22	.	.	PUNCT
dem-1054	208	1	as	as	SCONJ
dem-1054	208	2	confirmed	confirm	VERB
dem-1054	208	3	,	,	PUNCT
dem-1054	208	4	the	the	DET
dem-1054	208	5	assumption	assumption	NOUN
dem-1054	208	6	of	of	ADP
dem-1054	208	7	normality	normality	NOUN
dem-1054	208	8	of	of	ADP
dem-1054	208	9	distribution	distribution	NOUN
dem-1054	208	10	for	for	ADP
dem-1054	208	11	each	each	DET
dem-1054	208	12	variables	variable	NOUN
dem-1054	208	13	has	have	AUX
dem-1054	208	14	been	be	AUX
dem-1054	208	15	rejected	reject	VERB
dem-1054	208	16	and	and	CCONJ
dem-1054	208	17	the	the	DET
dem-1054	208	18	stable	stable	ADJ
dem-1054	208	19	models	model	NOUN
dem-1054	208	20	have	have	AUX
dem-1054	208	21	been	be	AUX
dem-1054	208	22	applied	apply	VERB
dem-1054	208	23	.	.	PUNCT
dem-1054	209	1	the	the	DET
dem-1054	209	2	results	result	NOUN
dem-1054	209	3	show	show	VERB
dem-1054	209	4	that	that	SCONJ
dem-1054	209	5	stable	stable	ADJ
dem-1054	209	6	distributions	distribution	NOUN
dem-1054	209	7	are	be	AUX
dem-1054	209	8	better	well	ADV
dem-1054	209	9	fitted	fit	VERB
dem-1054	209	10	to	to	ADP
dem-1054	209	11	the	the	DET
dem-1054	209	12	empirical	empirical	ADJ
dem-1054	209	13	data	datum	NOUN
dem-1054	209	14	than	than	ADP
dem-1054	209	15	the	the	DET
dem-1054	209	16	normal	normal	ADJ
dem-1054	209	17	ones	one	NOUN
dem-1054	209	18	,	,	PUNCT
dem-1054	209	19	complying	comply	VERB
dem-1054	209	20	with	with	ADP
dem-1054	209	21	leptokurtosis	leptokurtosis	NOUN
dem-1054	209	22	,	,	PUNCT
dem-1054	209	23	heavy	heavy	ADJ
dem-1054	209	24	tails	tail	NOUN
dem-1054	209	25	(	(	PUNCT
dem-1054	209	26	the	the	DET
dem-1054	209	27	range	range	NOUN
dem-1054	209	28	of	of	ADP
dem-1054	209	29	parameter	parameter	NOUN
dem-1054	209	30	α	α	PROPN
dem-1054	209	31	reflecting	reflect	VERB
dem-1054	209	32	thickness	thickness	NOUN
dem-1054	209	33	of	of	ADP
dem-1054	209	34	the	the	DET
dem-1054	209	35	tail	tail	NOUN
dem-1054	209	36	is	be	AUX
dem-1054	209	37	1.55–1.64	1.55–1.64	NUM
dem-1054	209	38	)	)	PUNCT
dem-1054	209	39	and	and	CCONJ
dem-1054	209	40	asymmetry	asymmetry	NOUN
dem-1054	209	41	.	.	PUNCT
dem-1054	210	1	in	in	ADP
dem-1054	210	2	the	the	DET
dem-1054	210	3	case	case	NOUN
dem-1054	210	4	of	of	ADP
dem-1054	210	5	risk	risk	NOUN
dem-1054	210	6	measurement	measurement	NOUN
dem-1054	210	7	the	the	DET
dem-1054	210	8	methodology	methodology	NOUN
dem-1054	210	9	of	of	ADP
dem-1054	210	10	value	value	NOUN
dem-1054	210	11	-	-	PUNCT
dem-1054	210	12	at	at	ADP
dem-1054	210	13	-	-	PUNCT
dem-1054	210	14	risk	risk	NOUN
dem-1054	210	15	is	be	AUX
dem-1054	210	16	the	the	DET
dem-1054	210	17	basis	basis	NOUN
dem-1054	210	18	of	of	ADP
dem-1054	210	19	calculating	calculate	VERB
dem-1054	210	20	non	non	ADJ
dem-1054	210	21	-	-	ADJ
dem-1054	210	22	classical	classical	ADJ
dem-1054	210	23	risk	risk	NOUN
dem-1054	210	24	measures	measure	NOUN
dem-1054	210	25	.	.	PUNCT
dem-1054	211	1	both	both	DET
dem-1054	211	2	var	var	NOUN
dem-1054	211	3	and	and	CCONJ
dem-1054	211	4	measures	measure	NOUN
dem-1054	211	5	such	such	ADJ
dem-1054	211	6	as	as	ADP
dem-1054	211	7	expected	expect	VERB
dem-1054	211	8	shortfall	shortfall	NOUN
dem-1054	211	9	and	and	CCONJ
dem-1054	211	10	median	median	ADJ
dem-1054	211	11	shortfall	shortfall	NOUN
dem-1054	211	12	prove	prove	VERB
dem-1054	211	13	discrepancy	discrepancy	NOUN
dem-1054	211	14	between	between	ADP
dem-1054	211	15	normal	normal	ADJ
dem-1054	211	16	and	and	CCONJ
dem-1054	211	17	empirical	empirical	ADJ
dem-1054	211	18	distributions	distribution	NOUN
dem-1054	211	19	.	.	PUNCT
dem-1054	212	1	that	that	PRON
dem-1054	212	2	is	be	AUX
dem-1054	212	3	the	the	DET
dem-1054	212	4	reason	reason	NOUN
dem-1054	212	5	why	why	SCONJ
dem-1054	212	6	the	the	DET
dem-1054	212	7	other	other	ADJ
dem-1054	212	8	type	type	NOUN
dem-1054	212	9	of	of	ADP
dem-1054	212	10	distributions	distribution	NOUN
dem-1054	212	11	should	should	AUX
dem-1054	212	12	be	be	AUX
dem-1054	212	13	taken	take	VERB
dem-1054	212	14	into	into	ADP
dem-1054	212	15	account	account	NOUN
dem-1054	212	16	.	.	PUNCT
dem-1054	213	1	similar	similar	ADJ
dem-1054	213	2	results	result	NOUN
dem-1054	213	3	for	for	ADP
dem-1054	213	4	calculating	calculate	VERB
dem-1054	213	5	coherent	coherent	ADJ
dem-1054	213	6	risk	risk	NOUN
dem-1054	213	7	measures	measure	NOUN
dem-1054	213	8	were	be	AUX
dem-1054	213	9	obtained	obtain	VERB
dem-1054	213	10	by	by	ADP
dem-1054	213	11	trzpiot	trzpiot	NOUN
dem-1054	213	12	,	,	PUNCT
dem-1054	213	13	krężołek	krężołek	ADJ
dem-1054	213	14	(	(	PUNCT
dem-1054	213	15	2009	2009	NUM
dem-1054	213	16	)	)	PUNCT
dem-1054	213	17	for	for	ADP
dem-1054	213	18	analyzing	analyze	VERB
dem-1054	213	19	daily	daily	ADJ
dem-1054	213	20	lognon	lognon	ADJ
dem-1054	213	21	-	-	ADJ
dem-1054	213	22	classical	classical	ADJ
dem-1054	213	23	measures	measure	NOUN
dem-1054	213	24	of	of	ADP
dem-1054	213	25	investment	investment	NOUN
dem-1054	213	26	risk	risk	NOUN
dem-1054	213	27	on	on	ADP
dem-1054	213	28	the	the	DET
dem-1054	213	29	market	market	NOUN
dem-1054	213	30	of	of	ADP
dem-1054	213	31	precious	precious	ADJ
dem-1054	213	32	…	…	PUNCT
dem-1054	213	33	dynamic	dynamic	ADJ
dem-1054	213	34	econometric	econometric	ADJ
dem-1054	213	35	models	model	NOUN
dem-1054	213	36	12	12	NUM
dem-1054	213	37	(	(	PUNCT
dem-1054	213	38	2012	2012	NUM
dem-1054	213	39	)	)	PUNCT
dem-1054	213	40	89–103	89–103	PROPN
dem-1054	213	41	103	103	NUM
dem-1054	213	42	returns	return	NOUN
dem-1054	213	43	on	on	ADP
dem-1054	213	44	polish	polish	ADJ
dem-1054	213	45	financial	financial	ADJ
dem-1054	213	46	market	market	NOUN
dem-1054	213	47	using	use	VERB
dem-1054	213	48	stable	stable	ADJ
dem-1054	213	49	models	model	NOUN
dem-1054	213	50	and	and	CCONJ
dem-1054	213	51	by	by	ADP
dem-1054	213	52	krężołek	krężołek	PROPN
dem-1054	213	53	(	(	PUNCT
dem-1054	213	54	2010	2010	NUM
dem-1054	213	55	)	)	PUNCT
dem-1054	213	56	on	on	ADP
dem-1054	213	57	precious	precious	ADJ
dem-1054	213	58	non	non	ADJ
dem-1054	213	59	-	-	ADJ
dem-1054	213	60	ferrous	ferrous	ADJ
dem-1054	213	61	metals	metal	NOUN
dem-1054	213	62	market	market	NOUN
dem-1054	213	63	,	,	PUNCT
dem-1054	213	64	but	but	CCONJ
dem-1054	213	65	using	use	VERB
dem-1054	213	66	geo	geo	PROPN
dem-1054	213	67	-	-	PUNCT
dem-1054	213	68	stable	stable	ADJ
dem-1054	213	69	distributions	distribution	NOUN
dem-1054	213	70	(	(	PUNCT
dem-1054	213	71	more	more	ADV
dem-1054	213	72	precisely	precisely	ADV
dem-1054	213	73	–	–	PUNCT
dem-1054	213	74	asymmetric	asymmetric	ADJ
dem-1054	213	75	laplace	laplace	NOUN
dem-1054	213	76	distribution	distribution	NOUN
dem-1054	213	77	)	)	PUNCT
dem-1054	213	78	.	.	PUNCT
dem-1054	214	1	the	the	DET
dem-1054	214	2	results	result	NOUN
dem-1054	214	3	,	,	PUNCT
dem-1054	214	4	although	although	SCONJ
dem-1054	214	5	straightforward	straightforward	ADJ
dem-1054	214	6	in	in	ADP
dem-1054	214	7	terms	term	NOUN
dem-1054	214	8	which	which	DET
dem-1054	214	9	class	class	NOUN
dem-1054	214	10	of	of	ADP
dem-1054	214	11	theoretical	theoretical	ADJ
dem-1054	214	12	distribution	distribution	NOUN
dem-1054	214	13	should	should	AUX
dem-1054	214	14	be	be	AUX
dem-1054	214	15	chosen	choose	VERB
dem-1054	214	16	,	,	PUNCT
dem-1054	214	17	have	have	VERB
dem-1054	214	18	to	to	PART
dem-1054	214	19	be	be	AUX
dem-1054	214	20	interpreted	interpret	VERB
dem-1054	214	21	very	very	ADV
dem-1054	214	22	carefully	carefully	ADV
dem-1054	214	23	.	.	PUNCT
dem-1054	215	1	moreover	moreover	ADV
dem-1054	215	2	,	,	PUNCT
dem-1054	215	3	considering	consider	VERB
dem-1054	215	4	−r	−r	ADJ
dem-1054	215	5	ratio	ratio	NOUN
dem-1054	215	6	the	the	DET
dem-1054	215	7	results	result	NOUN
dem-1054	215	8	obtained	obtain	VERB
dem-1054	215	9	for	for	ADP
dem-1054	215	10	stable	stable	ADJ
dem-1054	215	11	distributions	distribution	NOUN
dem-1054	215	12	are	be	AUX
dem-1054	215	13	closer	close	ADJ
dem-1054	215	14	to	to	ADP
dem-1054	215	15	the	the	DET
dem-1054	215	16	values	value	NOUN
dem-1054	215	17	for	for	ADP
dem-1054	215	18	empirical	empirical	ADJ
dem-1054	215	19	one	one	NUM
dem-1054	215	20	comparing	compare	VERB
dem-1054	215	21	to	to	ADP
dem-1054	215	22	the	the	DET
dem-1054	215	23	normal	normal	ADJ
dem-1054	215	24	ones	one	NOUN
dem-1054	215	25	.	.	PUNCT
dem-1054	216	1	references	reference	NOUN
dem-1054	216	2	artzner	artzner	NOUN
dem-1054	216	3	,	,	PUNCT
dem-1054	216	4	p.	p.	PROPN
dem-1054	216	5	,	,	PUNCT
dem-1054	216	6	delbaen	delbaen	PROPN
dem-1054	216	7	,	,	PUNCT
dem-1054	216	8	f.	f.	PROPN
dem-1054	216	9	,	,	PUNCT
dem-1054	216	10	eber	eber	PROPN
dem-1054	216	11	,	,	PUNCT
dem-1054	216	12	j.	j.	PROPN
dem-1054	216	13	m.	m.	PROPN
dem-1054	216	14	,	,	PUNCT
dem-1054	216	15	heath	heath	PROPN
dem-1054	216	16	,	,	PUNCT
dem-1054	216	17	d.	d.	PROPN
dem-1054	216	18	(	(	PUNCT
dem-1054	216	19	1997	1997	NUM
dem-1054	216	20	)	)	PUNCT
dem-1054	216	21	,	,	PUNCT
dem-1054	216	22	thinking	think	VERB
dem-1054	216	23	coherently	coherently	ADV
dem-1054	216	24	,	,	PUNCT
dem-1054	216	25	risk	risk	NOUN
dem-1054	216	26	,	,	PUNCT
dem-1054	216	27	10	10	NUM
dem-1054	216	28	,	,	PUNCT
dem-1054	216	29	68–71	68–71	NUM
dem-1054	216	30	.	.	PUNCT
dem-1054	217	1	biglova	biglova	PROPN
dem-1054	217	2	,	,	PUNCT
dem-1054	217	3	a.	a.	PROPN
dem-1054	217	4	,	,	PUNCT
dem-1054	217	5	ortobelli	ortobelli	PROPN
dem-1054	217	6	,	,	PUNCT
dem-1054	217	7	s.	s.	PROPN
dem-1054	217	8	,	,	PUNCT
dem-1054	217	9	rachev	rachev	VERB
dem-1054	217	10	,	,	PUNCT
dem-1054	217	11	s.	s.	PROPN
dem-1054	217	12	t.	t.	PROPN
dem-1054	217	13	,	,	PUNCT
dem-1054	217	14	stoyanov	stoyanov	PROPN
dem-1054	217	15	,	,	PUNCT
dem-1054	217	16	s.	s.	PROPN
dem-1054	217	17	(	(	PUNCT
dem-1054	217	18	2004	2004	NUM
dem-1054	217	19	)	)	PUNCT
dem-1054	217	20	,	,	PUNCT
dem-1054	217	21	different	different	ADJ
dem-1054	217	22	approaches	approach	NOUN
dem-1054	217	23	to	to	PART
dem-1054	217	24	risk	risk	NOUN
dem-1054	217	25	estimation	estimation	NOUN
dem-1054	217	26	in	in	ADP
dem-1054	217	27	portfolio	portfolio	NOUN
dem-1054	217	28	theory	theory	NOUN
dem-1054	217	29	,	,	PUNCT
dem-1054	217	30	journal	journal	NOUN
dem-1054	217	31	of	of	ADP
dem-1054	217	32	portfolio	portfolio	NOUN
dem-1054	217	33	management	management	NOUN
dem-1054	217	34	,	,	PUNCT
dem-1054	217	35	31	31	NUM
dem-1054	217	36	,	,	PUNCT
dem-1054	217	37	1	1	NUM
dem-1054	217	38	,	,	PUNCT
dem-1054	217	39	106	106	NUM
dem-1054	217	40	.	.	PUNCT
dem-1054	217	41	borak	borak	PROPN
dem-1054	217	42	,	,	PUNCT
dem-1054	217	43	sz	sz	PROPN
dem-1054	217	44	.	.	PROPN
dem-1054	217	45	,	,	PUNCT
dem-1054	217	46	härdle	härdle	PROPN
dem-1054	217	47	,	,	PUNCT
dem-1054	217	48	w.	w.	PROPN
dem-1054	217	49	,	,	PUNCT
dem-1054	217	50	weron	weron	PROPN
dem-1054	217	51	,	,	PUNCT
dem-1054	217	52	r.	r.	PROPN
dem-1054	217	53	(	(	PUNCT
dem-1054	217	54	2005	2005	NUM
dem-1054	217	55	)	)	PUNCT
dem-1054	217	56	,	,	PUNCT
dem-1054	217	57	stable	stable	ADJ
dem-1054	217	58	distributions	distribution	NOUN
dem-1054	217	59	,	,	PUNCT
dem-1054	217	60	springer	springer	NOUN
dem-1054	217	61	,	,	PUNCT
dem-1054	217	62	berlin	berlin	PROPN
dem-1054	217	63	.	.	PUNCT
dem-1054	218	1	hammoudeh	hammoudeh	PROPN
dem-1054	218	2	,	,	PUNCT
dem-1054	218	3	s.	s.	PROPN
dem-1054	218	4	,	,	PUNCT
dem-1054	218	5	malik	malik	PROPN
dem-1054	218	6	,	,	PUNCT
dem-1054	218	7	f.	f.	PROPN
dem-1054	218	8	,	,	PUNCT
dem-1054	218	9	mcaleer	mcaleer	NOUN
dem-1054	218	10	,	,	PUNCT
dem-1054	218	11	m.	m.	NOUN
dem-1054	218	12	(	(	PUNCT
dem-1054	218	13	2011	2011	NUM
dem-1054	218	14	)	)	PUNCT
dem-1054	218	15	,	,	PUNCT
dem-1054	218	16	risk	risk	NOUN
dem-1054	218	17	management	management	NOUN
dem-1054	218	18	of	of	ADP
dem-1054	218	19	precious	precious	ADJ
dem-1054	218	20	metals	metal	NOUN
dem-1054	218	21	,	,	PUNCT
dem-1054	218	22	quarterly	quarterly	ADJ
dem-1054	218	23	review	review	NOUN
dem-1054	218	24	of	of	ADP
dem-1054	218	25	economics	economic	NOUN
dem-1054	218	26	and	and	CCONJ
dem-1054	218	27	finance	finance	NOUN
dem-1054	218	28	,	,	PUNCT
dem-1054	218	29	51	51	NUM
dem-1054	218	30	,	,	PUNCT
dem-1054	218	31	435–441	435–441	NUM
dem-1054	218	32	.	.	PUNCT
dem-1054	219	1	krężołek	krężołek	ADJ
dem-1054	219	2	,	,	PUNCT
dem-1054	219	3	d.	d.	PROPN
dem-1054	219	4	(	(	PUNCT
dem-1054	219	5	2010	2010	NUM
dem-1054	219	6	)	)	PUNCT
dem-1054	219	7	,	,	PUNCT
dem-1054	219	8	kwantylowe	kwantylowe	PROPN
dem-1054	219	9	oraz	oraz	PROPN
dem-1054	219	10	koherentne	koherentne	PROPN
dem-1054	219	11	miary	miary	PROPN
dem-1054	219	12	ryzyka	ryzyka	PROPN
dem-1054	219	13	–	–	PUNCT
dem-1054	219	14	analiza	analiza	NOUN
dem-1054	219	15	empiryczna	empiryczna	NOUN
dem-1054	219	16	na	na	ADP
dem-1054	219	17	rynku	rynku	ADJ
dem-1054	219	18	metali	metali	ADJ
dem-1054	219	19	nieżelaznych	nieżelaznych	PROPN
dem-1054	219	20	z	z	PROPN
dem-1054	219	21	wykorzystaniem	wykorzystaniem	ADJ
dem-1054	220	1	rodziny	rodziny	ADJ
dem-1054	220	2	statystycznych	statystycznych	PROPN
dem-1054	220	3	rozkładów	rozkładów	NOUN
dem-1054	220	4	stabilnych	stabilnych	NOUN
dem-1054	220	5	(	(	PUNCT
dem-1054	220	6	quantiles	quantile	NOUN
dem-1054	220	7	and	and	CCONJ
dem-1054	220	8	coherent	coherent	ADJ
dem-1054	220	9	risk	risk	NOUN
dem-1054	220	10	measures	measure	NOUN
dem-1054	220	11	–	–	PUNCT
dem-1054	220	12	an	an	DET
dem-1054	220	13	empirical	empirical	ADJ
dem-1054	220	14	analysis	analysis	NOUN
dem-1054	220	15	on	on	ADP
dem-1054	220	16	the	the	DET
dem-1054	220	17	non	non	ADJ
dem-1054	220	18	-	-	ADJ
dem-1054	220	19	ferrous	ferrous	ADJ
dem-1054	220	20	metals	metal	NOUN
dem-1054	220	21	’	'	PUNCT
dem-1054	220	22	market	market	NOUN
dem-1054	220	23	based	base	VERB
dem-1054	220	24	on	on	ADP
dem-1054	220	25	the	the	DET
dem-1054	220	26	family	family	NOUN
dem-1054	220	27	of	of	ADP
dem-1054	220	28	stable	stable	ADJ
dem-1054	220	29	distributions	distribution	NOUN
dem-1054	220	30	)	)	PUNCT
dem-1054	220	31	,	,	PUNCT
dem-1054	220	32	finanse	finanse	NOUN
dem-1054	220	33	,	,	PUNCT
dem-1054	220	34	rynki	rynki	NOUN
dem-1054	220	35	finansowe	finansowe	PROPN
dem-1054	221	1	i	i	PRON
dem-1054	221	2	ubezpieczenia	ubezpieczenia	PROPN
dem-1054	221	3	.	.	PUNCT
dem-1054	222	1	skuteczne	skuteczne	PROPN
dem-1054	222	2	inwestowanie	inwestowanie	PROPN
dem-1054	222	3	(	(	PUNCT
dem-1054	222	4	finance	finance	NOUN
dem-1054	222	5	,	,	PUNCT
dem-1054	222	6	financial	financial	ADJ
dem-1054	222	7	markets	market	NOUN
dem-1054	222	8	and	and	CCONJ
dem-1054	222	9	insurance	insurance	NOUN
dem-1054	222	10	.	.	PUNCT
dem-1054	223	1	effective	effective	ADJ
dem-1054	223	2	investment	investment	NOUN
dem-1054	223	3	)	)	PUNCT
dem-1054	223	4	,	,	PUNCT
dem-1054	223	5	29	29	NUM
dem-1054	223	6	,	,	PUNCT
dem-1054	223	7	433–444	433–444	NUM
dem-1054	223	8	.	.	PUNCT
dem-1054	224	1	rachev	rachev	VERB
dem-1054	224	2	,	,	PUNCT
dem-1054	224	3	s.	s.	PROPN
dem-1054	224	4	,	,	PUNCT
dem-1054	224	5	mittnik	mittnik	PROPN
dem-1054	224	6	,	,	PUNCT
dem-1054	224	7	s.	s.	PROPN
dem-1054	224	8	(	(	PUNCT
dem-1054	224	9	2000	2000	NUM
dem-1054	224	10	)	)	PUNCT
dem-1054	224	11	,	,	PUNCT
dem-1054	224	12	stable	stable	ADJ
dem-1054	224	13	paretian	paretian	NOUN
dem-1054	224	14	models	model	NOUN
dem-1054	224	15	in	in	ADP
dem-1054	224	16	finance	finance	NOUN
dem-1054	224	17	,	,	PUNCT
dem-1054	224	18	series	series	NOUN
dem-1054	224	19	in	in	ADP
dem-1054	224	20	financial	financial	ADJ
dem-1054	224	21	economics	economic	NOUN
dem-1054	224	22	and	and	CCONJ
dem-1054	224	23	quantitative	quantitative	ADJ
dem-1054	224	24	analysis	analysis	NOUN
dem-1054	224	25	,	,	PUNCT
dem-1054	224	26	john	john	PROPN
dem-1054	224	27	wiley	wiley	PROPN
dem-1054	224	28	&	&	CCONJ
dem-1054	224	29	sons	sons	PROPN
dem-1054	224	30	ltd	ltd	PROPN
dem-1054	224	31	.	.	PROPN
dem-1054	224	32	,	,	PUNCT
dem-1054	224	33	england	england	PROPN
dem-1054	224	34	.	.	PUNCT
dem-1054	225	1	samorodnitsky	samorodnitsky	PROPN
dem-1054	225	2	,	,	PUNCT
dem-1054	225	3	g.	g.	PROPN
dem-1054	225	4	,	,	PUNCT
dem-1054	225	5	taqqu	taqqu	NOUN
dem-1054	225	6	,	,	PUNCT
dem-1054	225	7	m.	m.	NOUN
dem-1054	225	8	s.	s.	PROPN
dem-1054	225	9	(	(	PUNCT
dem-1054	225	10	1994	1994	NUM
dem-1054	225	11	)	)	PUNCT
dem-1054	225	12	,	,	PUNCT
dem-1054	225	13	stable	stable	ADJ
dem-1054	225	14	non	non	ADJ
dem-1054	225	15	-	-	ADJ
dem-1054	225	16	gaussian	gaussian	ADJ
dem-1054	225	17	random	random	ADJ
dem-1054	225	18	processes	process	NOUN
dem-1054	225	19	.	.	PUNCT
dem-1054	226	1	stochastic	stochastic	ADJ
dem-1054	226	2	models	model	NOUN
dem-1054	226	3	with	with	ADP
dem-1054	226	4	infinite	infinite	ADJ
dem-1054	226	5	variance	variance	NOUN
dem-1054	226	6	,	,	PUNCT
dem-1054	226	7	chapman	chapman	PROPN
dem-1054	226	8	&	&	CCONJ
dem-1054	226	9	hall	hall	PROPN
dem-1054	226	10	,	,	PUNCT
dem-1054	226	11	new	new	PROPN
dem-1054	226	12	york	york	PROPN
dem-1054	226	13	,	,	PUNCT
dem-1054	226	14	1994	1994	NUM
dem-1054	226	15	.	.	PUNCT
dem-1054	227	1	trzpiot	trzpiot	NOUN
dem-1054	227	2	,	,	PUNCT
dem-1054	227	3	g.	g.	PROPN
dem-1054	227	4	(	(	PUNCT
dem-1054	227	5	2010	2010	NUM
dem-1054	227	6	)	)	PUNCT
dem-1054	227	7	,	,	PUNCT
dem-1054	227	8	wielowymiarowe	wielowymiarowe	VERB
dem-1054	227	9	metody	metody	ADJ
dem-1054	227	10	statystyczne	statystyczne	PROPN
dem-1054	227	11	w	w	PROPN
dem-1054	227	12	analizie	analizie	PROPN
dem-1054	227	13	ryzyka	ryzyka	PROPN
dem-1054	227	14	inwestycyjnego	inwestycyjnego	NOUN
dem-1054	227	15	(	(	PUNCT
dem-1054	227	16	multivariate	multivariate	VERB
dem-1054	227	17	statistical	statistical	ADJ
dem-1054	227	18	methods	method	NOUN
dem-1054	227	19	in	in	ADP
dem-1054	227	20	investment	investment	NOUN
dem-1054	227	21	risk	risk	NOUN
dem-1054	227	22	analysis	analysis	NOUN
dem-1054	227	23	)	)	PUNCT
dem-1054	227	24	,	,	PUNCT
dem-1054	227	25	wydawnictwo	wydawnictwo	PROPN
dem-1054	227	26	pwe	pwe	PROPN
dem-1054	227	27	,	,	PUNCT
dem-1054	227	28	warszawa	warszawa	PROPN
dem-1054	227	29	.	.	PUNCT
dem-1054	228	1	trzpiot	trzpiot	NOUN
dem-1054	228	2	,	,	PUNCT
dem-1054	228	3	g.	g.	PROPN
dem-1054	228	4	,	,	PUNCT
dem-1054	228	5	krężołek	krężołek	PROPN
dem-1054	228	6	,	,	PUNCT
dem-1054	228	7	d.	d.	PROPN
dem-1054	228	8	(	(	PUNCT
dem-1054	228	9	2009	2009	NUM
dem-1054	228	10	)	)	PUNCT
dem-1054	228	11	,	,	PUNCT
dem-1054	228	12	quantiles	quantile	VERB
dem-1054	228	13	ratio	ratio	NOUN
dem-1054	228	14	risk	risk	NOUN
dem-1054	228	15	measures	measure	NOUN
dem-1054	228	16	for	for	ADP
dem-1054	228	17	stable	stable	ADJ
dem-1054	228	18	distributions	distribution	NOUN
dem-1054	228	19	models	model	NOUN
dem-1054	228	20	in	in	ADP
dem-1054	228	21	finance	finance	NOUN
dem-1054	228	22	(	(	PUNCT
dem-1054	228	23	kwantylowe	kwantylowe	NOUN
dem-1054	228	24	miary	miary	PROPN
dem-1054	228	25	ryzyka	ryzyka	PROPN
dem-1054	228	26	z	z	PROPN
dem-1054	228	27	wykorzystaniem	wykorzystaniem	PROPN
dem-1054	228	28	rozkładów	rozkładów	NOUN
dem-1054	228	29	stabilnych	stabilnych	NOUN
dem-1054	228	30	w	w	PROPN
dem-1054	228	31	finansach	finansach	NOUN
dem-1054	228	32	)	)	PUNCT
dem-1054	228	33	,	,	PUNCT
dem-1054	228	34	studia	studia	NOUN
dem-1054	228	35	ekonomiczne	ekonomiczne	NOUN
dem-1054	228	36	,	,	PUNCT
dem-1054	228	37	53	53	NUM
dem-1054	228	38	(	(	PUNCT
dem-1054	228	39	economic	economic	ADJ
dem-1054	228	40	studies	study	NOUN
dem-1054	228	41	,	,	PUNCT
dem-1054	228	42	53	53	NUM
dem-1054	228	43	)	)	PUNCT
dem-1054	228	44	,	,	PUNCT
dem-1054	228	45	zeszyty	zeszyty	VERB
dem-1054	228	46	naukowe	naukowe	NOUN
dem-1054	228	47	akademii	akademii	PROPN
dem-1054	228	48	ekonomicznej	ekonomicznej	PROPN
dem-1054	228	49	w	w	PROPN
dem-1054	228	50	katowicach	katowicach	NOUN
dem-1054	228	51	,	,	PUNCT
dem-1054	228	52	109–120	109–120	NUM
dem-1054	228	53	.	.	PUNCT
dem-1054	229	1	nieklasyczne	nieklasyczne	NOUN
dem-1054	229	2	mierniki	mierniki	ADJ
dem-1054	229	3	ryzyka	ryzyka	PROPN
dem-1054	229	4	inwestycyjnego	inwestycyjnego	NOUN
dem-1054	229	5	na	na	AUX
dem-1054	229	6	rynku	rynku	PROPN
dem-1054	229	7	szlachetnych	szlachetnych	PROPN
dem-1054	229	8	metali	metali	ADJ
dem-1054	229	9	nieżelaznych	nieżelaznych	PROPN
dem-1054	229	10	z	z	PROPN
dem-1054	229	11	wykorzystaniem	wykorzystaniem	PROPN
dem-1054	229	12	metodologii	metodologii	PROPN
dem-1054	229	13	rozkładów	rozkładów	PROPN
dem-1054	229	14	stabilnych	stabilnych	PROPN
dem-1054	229	15	z	z	PROPN
dem-1054	229	16	a	a	DET
dem-1054	229	17	r	r	NOUN
dem-1054	229	18	y	y	PROPN
dem-1054	229	19	s	s	PROPN
dem-1054	229	20	t	t	NOUN
dem-1054	229	21	r	r	NOUN
dem-1054	229	22	e	e	PROPN
dem-1054	229	23	ś	ś	PROPN
dem-1054	229	24	c	c	PROPN
dem-1054	229	25	i.	i.	PROPN
dem-1054	229	26	celem	celem	PROPN
dem-1054	229	27	artykułu	artykułu	PROPN
dem-1054	229	28	jest	jest	PROPN
dem-1054	229	29	prezentacja	prezentacja	PROPN
dem-1054	229	30	wybranych	wybranych	VERB
dem-1054	229	31	nieklasycznych	nieklasycznych	PROPN
dem-1054	229	32	miar	miar	PROPN
dem-1054	229	33	ryzyka	ryzyka	PROPN
dem-1054	229	34	,	,	PUNCT
dem-1054	229	35	które	które	PROPN
dem-1054	229	36	mają	mają	PROPN
dem-1054	229	37	szerokie	szerokie	PROPN
dem-1054	229	38	praktyczne	praktyczne	PROPN
dem-1054	229	39	zastosowanie	zastosowanie	PROPN
dem-1054	229	40	w	w	PROPN
dem-1054	229	41	przypadku	przypadku	PROPN
dem-1054	229	42	inwestycji	inwestycji	PROPN
dem-1054	229	43	finansowych	finansowych	PROPN
dem-1054	229	44	,	,	PUNCT
dem-1054	229	45	w	w	PROPN
dem-1054	229	46	tym	tym	PROPN
dem-1054	229	47	inwestycji	inwestycji	PROPN
dem-1054	229	48	w	w	PROPN
dem-1054	229	49	walory	walory	PROPN
dem-1054	229	50	notowane	notowane	VERB
dem-1054	229	51	na	na	PART
dem-1054	229	52	rynkach	rynkach	NOUN
dem-1054	229	53	surowców	surowców	NOUN
dem-1054	229	54	(	(	PUNCT
dem-1054	229	55	nieżelazne	nieżelazne	ADJ
dem-1054	229	56	metale	metale	PROPN
dem-1054	229	57	szlachetne	szlachetne	PROPN
dem-1054	229	58	)	)	PUNCT
dem-1054	229	59	.	.	PUNCT
dem-1054	230	1	przedmiotem	przedmiotem	PROPN
dem-1054	230	2	badania	badania	PROPN
dem-1054	230	3	są	są	PROPN
dem-1054	230	4	szeregi	szeregi	PROPN
dem-1054	230	5	czasowe	czasowe	VERB
dem-1054	230	6	reprezentowane	reprezentowane	NOUN
dem-1054	230	7	przez	przez	NOUN
dem-1054	230	8	stopy	stopy	NOUN
dem-1054	230	9	zwrotu	zwrotu	PROPN
dem-1054	230	10	cen	cen	PROPN
dem-1054	230	11	złota	złota	PROPN
dem-1054	230	12	,	,	PUNCT
dem-1054	230	13	srebra	srebra	PROPN
dem-1054	230	14	,	,	PUNCT
dem-1054	230	15	platyny	platyny	NOUN
dem-1054	230	16	oraz	oraz	PROPN
dem-1054	230	17	palladu	palladu	NOUN
dem-1054	230	18	.	.	PUNCT
dem-1054	231	1	do	do	AUX
dem-1054	231	2	oceny	oceny	VERB
dem-1054	231	3	ryzyka	ryzyka	PROPN
dem-1054	231	4	inwestycyjnego	inwestycyjnego	PROPN
dem-1054	231	5	wykorzystano	wykorzystano	PROPN
dem-1054	231	6	miary	miary	NOUN
dem-1054	231	7	wyznaczone	wyznaczone	PROPN
dem-1054	231	8	w	w	PROPN
dem-1054	231	9	oparciu	oparciu	PROPN
dem-1054	232	1	o	o	PROPN
dem-1054	232	2	metodologię	metodologię	NOUN
dem-1054	232	3	valueat	valueat	NOUN
dem-1054	232	4	-	-	PUNCT
dem-1054	232	5	risk	risk	NOUN
dem-1054	232	6	stosując	stosując	NOUN
dem-1054	232	7	estymację	estymację	NOUN
dem-1054	232	8	opartą	opartą	NOUN
dem-1054	232	9	na	na	INTJ
dem-1054	232	10	wartościach	wartościach	PROPN
dem-1054	232	11	z	z	PROPN
dem-1054	232	12	ogona	ogona	PROPN
dem-1054	232	13	rozkładu	rozkładu	PROPN
dem-1054	232	14	.	.	PUNCT
dem-1054	233	1	dodatkowo	dodatkowo	PROPN
dem-1054	233	2	do	do	AUX
dem-1054	233	3	oceny	oceny	VERB
dem-1054	233	4	ryzyka	ryzyka	ADV
dem-1054	233	5	wykorzystano	wykorzystano	PROPN
dem-1054	233	6	wskaźnik	wskaźnik	ADJ
dem-1054	233	7	rachev’a	rachev’a	NOUN
dem-1054	233	8	.	.	PUNCT
dem-1054	234	1	przyjęto	przyjęto	ADJ
dem-1054	234	2	założenie	założenie	PROPN
dem-1054	234	3	,	,	PUNCT
dem-1054	234	4	że	że	PROPN
dem-1054	234	5	stopy	stopy	PROPN
dem-1054	234	6	zwrotu	zwrotu	PROPN
dem-1054	234	7	wykorzystanych	wykorzystanych	PROPN
dem-1054	234	8	zmiennych	zmiennych	PROPN
dem-1054	234	9	należą	należą	PROPN
dem-1054	234	10	do	do	VERB
dem-1054	234	11	rodziny	rodziny	ADJ
dem-1054	234	12	rozkładów	rozkładów	NOUN
dem-1054	234	13	stabilnych	stabilnych	NOUN
dem-1054	234	14	.	.	PUNCT
dem-1054	235	1	wyniki	wyniki	PROPN
dem-1054	235	2	badania	badania	PROPN
dem-1054	235	3	potwierdzają	potwierdzają	PROPN
dem-1054	235	4	stosowność	stosowność	PROPN
dem-1054	235	5	wykorzystania	wykorzystania	PROPN
dem-1054	235	6	rozkładów	rozkładów	PROPN
dem-1054	235	7	stabilnych	stabilnych	NOUN
dem-1054	235	8	do	do	AUX
dem-1054	235	9	oceny	oceny	VERB
dem-1054	235	10	ryzyka	ryzyka	ADV
dem-1054	235	11	na	na	ADP
dem-1054	235	12	rynku	rynku	ADJ
dem-1054	235	13	metali	metali	ADJ
dem-1054	235	14	nieżelaznych	nieżelaznych	NOUN
dem-1054	235	15	.	.	PUNCT
dem-1054	236	1	s	s	PART
dem-1054	237	1	ł	ł	PROPN
dem-1054	237	2	o	o	X
dem-1054	237	3	w	w	NOUN
dem-1054	237	4	a	a	DET
dem-1054	237	5	k	k	X
dem-1054	237	6	l	l	NOUN
dem-1054	237	7	u	u	NOUN
dem-1054	238	1	c	c	NOUN
dem-1054	238	2	z	z	NOUN
dem-1054	238	3	o	o	X
dem-1054	238	4	w	w	PROPN
dem-1054	239	1	e	e	NOUN
dem-1054	239	2	:	:	PUNCT
dem-1054	239	3	rozkłady	rozkłady	NOUN
dem-1054	239	4	stabilne	stabilne	NOUN
dem-1054	239	5	,	,	PUNCT
dem-1054	239	6	value	value	NOUN
dem-1054	239	7	-	-	PUNCT
dem-1054	239	8	at	at	ADP
dem-1054	239	9	-	-	PUNCT
dem-1054	239	10	risk	risk	NOUN
dem-1054	239	11	,	,	PUNCT
dem-1054	239	12	expected	expect	VERB
dem-1054	239	13	shortfall	shortfall	NOUN
dem-1054	239	14	,	,	PUNCT
dem-1054	239	15	median	median	ADJ
dem-1054	239	16	shortfall	shortfall	NOUN
dem-1054	239	17	,	,	PUNCT
dem-1054	239	18	wskaźnik	wskaźnik	ADJ
dem-1054	239	19	rachev’a	rachev’a	NOUN
dem-1054	239	20	,	,	PUNCT
dem-1054	239	21	metale	metale	NOUN
dem-1054	239	22	szlachetne	szlachetne	NOUN
dem-1054	239	23	introduction	introduction	NOUN
dem-1054	239	24	1	1	NUM
dem-1054	239	25	.	.	PUNCT
dem-1054	239	26	methodology	methodology	NOUN
dem-1054	239	27	2	2	NUM
dem-1054	239	28	.	.	PUNCT
dem-1054	239	29	non	non	ADJ
dem-1054	239	30	-	-	ADJ
dem-1054	239	31	classical	classical	ADJ
dem-1054	239	32	risk	risk	NOUN
dem-1054	239	33	measures	measure	NOUN
dem-1054	239	34	3	3	NUM
dem-1054	239	35	.	.	PUNCT
dem-1054	239	36	empirical	empirical	ADJ
dem-1054	239	37	analysis	analysis	NOUN
dem-1054	239	38	conclusions	conclusion	NOUN
dem-1054	239	39	references	reference	NOUN