id	sid	tid	token	lemma	pos
dem-1065	1	1	microsoft	microsoft	PROPN
dem-1065	1	2	word	word	NOUN
dem-1065	1	3	08_kliber	08_kliber	NUM
dem-1065	1	4	a.docx	a.docx	ADJ
dem-1065	1	5	dynamic	dynamic	ADJ
dem-1065	1	6	econometric	econometric	ADJ
dem-1065	1	7	models	model	NOUN
dem-1065	1	8	vol	vol	NOUN
dem-1065	1	9	.	.	PROPN
dem-1065	1	10	11	11	NUM
dem-1065	1	11	–	–	PUNCT
dem-1065	1	12	nicolaus	nicolaus	PROPN
dem-1065	1	13	copernicus	copernicus	PROPN
dem-1065	1	14	university	university	PROPN
dem-1065	1	15	–	–	PUNCT
dem-1065	1	16	toruń	toruń	NOUN
dem-1065	1	17	–	–	PUNCT
dem-1065	1	18	2011	2011	NUM
dem-1065	1	19	agata	agata	PROPN
dem-1065	1	20	kliber	kliber	PROPN
dem-1065	1	21	poznan	poznan	PROPN
dem-1065	1	22	university	university	PROPN
dem-1065	1	23	of	of	ADP
dem-1065	1	24	economics	economic	NOUN
dem-1065	1	25	sovereign	sovereign	ADJ
dem-1065	1	26	cds	cd	NOUN
dem-1065	1	27	instruments	instrument	NOUN
dem-1065	1	28	in	in	ADP
dem-1065	1	29	central	central	PROPN
dem-1065	1	30	europe	europe	PROPN
dem-1065	1	31	–	–	PUNCT
dem-1065	1	32	linkages	linkage	NOUN
dem-1065	1	33	and	and	CCONJ
dem-1065	1	34	interdependence†	interdependence†	VERB
dem-1065	1	35	a	a	DET
dem-1065	1	36	b	b	PROPN
dem-1065	1	37	s	s	ADP
dem-1065	1	38	t	t	PROPN
dem-1065	1	39	r	r	NOUN
dem-1065	1	40	a	a	DET
dem-1065	1	41	c	c	NOUN
dem-1065	1	42	t.	t.	NOUN
dem-1065	1	43	in	in	ADP
dem-1065	1	44	the	the	DET
dem-1065	1	45	article	article	NOUN
dem-1065	1	46	,	,	PUNCT
dem-1065	1	47	linkages	linkage	NOUN
dem-1065	1	48	among	among	ADP
dem-1065	1	49	sovereign	sovereign	ADJ
dem-1065	1	50	cds	cd	NOUN
dem-1065	1	51	instruments	instrument	NOUN
dem-1065	1	52	in	in	ADP
dem-1065	1	53	central	central	ADJ
dem-1065	1	54	europe	europe	PROPN
dem-1065	1	55	are	be	AUX
dem-1065	1	56	investigated	investigate	VERB
dem-1065	1	57	.	.	PUNCT
dem-1065	2	1	special	special	ADJ
dem-1065	2	2	attention	attention	NOUN
dem-1065	2	3	is	be	AUX
dem-1065	2	4	paid	pay	VERB
dem-1065	2	5	to	to	ADP
dem-1065	2	6	the	the	DET
dem-1065	2	7	change	change	NOUN
dem-1065	2	8	of	of	ADP
dem-1065	2	9	causality	causality	NOUN
dem-1065	2	10	patterns	pattern	NOUN
dem-1065	2	11	during	during	ADP
dem-1065	2	12	the	the	DET
dem-1065	2	13	hungarian	hungarian	ADJ
dem-1065	2	14	and	and	CCONJ
dem-1065	2	15	greek	greek	ADJ
dem-1065	2	16	crises	crisis	NOUN
dem-1065	2	17	.	.	PUNCT
dem-1065	3	1	the	the	DET
dem-1065	3	2	results	result	NOUN
dem-1065	3	3	of	of	ADP
dem-1065	3	4	the	the	DET
dem-1065	3	5	research	research	NOUN
dem-1065	3	6	reveal	reveal	VERB
dem-1065	3	7	that	that	SCONJ
dem-1065	3	8	the	the	DET
dem-1065	3	9	expectations	expectation	NOUN
dem-1065	3	10	do	do	AUX
dem-1065	3	11	play	play	VERB
dem-1065	3	12	a	a	DET
dem-1065	3	13	role	role	NOUN
dem-1065	3	14	in	in	ADP
dem-1065	3	15	determining	determine	VERB
dem-1065	3	16	the	the	DET
dem-1065	3	17	prices	price	NOUN
dem-1065	3	18	of	of	ADP
dem-1065	3	19	the	the	DET
dem-1065	3	20	contracts	contract	NOUN
dem-1065	3	21	,	,	PUNCT
dem-1065	3	22	as	as	ADV
dem-1065	3	23	well	well	ADV
dem-1065	3	24	as	as	ADP
dem-1065	3	25	that	that	SCONJ
dem-1065	3	26	there	there	PRON
dem-1065	3	27	exist	exist	VERB
dem-1065	3	28	regional	regional	ADJ
dem-1065	3	29	causality	causality	NOUN
dem-1065	3	30	relationships	relationship	NOUN
dem-1065	3	31	between	between	ADP
dem-1065	3	32	the	the	DET
dem-1065	3	33	instruments	instrument	NOUN
dem-1065	3	34	.	.	PUNCT
dem-1065	4	1	the	the	DET
dem-1065	4	2	strength	strength	NOUN
dem-1065	4	3	of	of	ADP
dem-1065	4	4	causality	causality	NOUN
dem-1065	4	5	between	between	ADP
dem-1065	4	6	the	the	DET
dem-1065	4	7	volatilities	volatility	NOUN
dem-1065	4	8	of	of	ADP
dem-1065	4	9	polish	polish	ADJ
dem-1065	4	10	–	–	PUNCT
dem-1065	4	11	hungarian	hungarian	ADJ
dem-1065	4	12	and	and	CCONJ
dem-1065	4	13	czechhungarian	czechhungarian	ADJ
dem-1065	4	14	cds	cd	NOUN
dem-1065	4	15	prices	price	NOUN
dem-1065	4	16	weakened	weaken	VERB
dem-1065	4	17	during	during	ADP
dem-1065	4	18	the	the	DET
dem-1065	4	19	hungarian	hungarian	ADJ
dem-1065	4	20	crisis	crisis	NOUN
dem-1065	4	21	,	,	PUNCT
dem-1065	4	22	while	while	SCONJ
dem-1065	4	23	the	the	DET
dem-1065	4	24	volatilities	volatility	NOUN
dem-1065	4	25	of	of	ADP
dem-1065	4	26	the	the	DET
dem-1065	4	27	three	three	NUM
dem-1065	4	28	time	time	NOUN
dem-1065	4	29	series	series	NOUN
dem-1065	4	30	reacted	react	VERB
dem-1065	4	31	rapidly	rapidly	ADV
dem-1065	4	32	and	and	CCONJ
dem-1065	4	33	strongly	strongly	ADV
dem-1065	4	34	to	to	ADP
dem-1065	4	35	the	the	DET
dem-1065	4	36	greek	greek	ADJ
dem-1065	4	37	one	one	NUM
dem-1065	4	38	.	.	PUNCT
dem-1065	5	1	this	this	PRON
dem-1065	5	2	suggest	suggest	VERB
dem-1065	5	3	that	that	SCONJ
dem-1065	5	4	the	the	DET
dem-1065	5	5	european	european	ADJ
dem-1065	5	6	events	event	NOUN
dem-1065	5	7	should	should	AUX
dem-1065	5	8	play	play	VERB
dem-1065	5	9	more	more	ADV
dem-1065	5	10	important	important	ADJ
dem-1065	5	11	role	role	NOUN
dem-1065	5	12	in	in	ADP
dem-1065	5	13	determining	determine	VERB
dem-1065	5	14	the	the	DET
dem-1065	5	15	dynamics	dynamic	NOUN
dem-1065	5	16	of	of	ADP
dem-1065	5	17	the	the	DET
dem-1065	5	18	contracts	contract	NOUN
dem-1065	5	19	than	than	ADP
dem-1065	5	20	the	the	DET
dem-1065	5	21	problems	problem	NOUN
dem-1065	5	22	of	of	ADP
dem-1065	5	23	the	the	DET
dem-1065	5	24	country	country	NOUN
dem-1065	5	25	of	of	ADP
dem-1065	5	26	the	the	DET
dem-1065	5	27	weakest	weak	ADJ
dem-1065	5	28	fundamentals	fundamental	NOUN
dem-1065	5	29	in	in	ADP
dem-1065	5	30	the	the	DET
dem-1065	5	31	region	region	NOUN
dem-1065	5	32	.	.	PUNCT
dem-1065	6	1	k	k	PROPN
dem-1065	6	2	e	e	PROPN
dem-1065	6	3	y	y	PROPN
dem-1065	6	4	w	w	NOUN
dem-1065	6	5	o	o	NOUN
dem-1065	6	6	r	r	NOUN
dem-1065	6	7	d	d	X
dem-1065	6	8	s	s	X
dem-1065	6	9	:	:	PUNCT
dem-1065	6	10	multivariate	multivariate	NOUN
dem-1065	6	11	volatility	volatility	NOUN
dem-1065	6	12	,	,	PUNCT
dem-1065	6	13	credit	credit	NOUN
dem-1065	6	14	default	default	NOUN
dem-1065	6	15	swap	swap	NOUN
dem-1065	6	16	,	,	PUNCT
dem-1065	6	17	contagion	contagion	NOUN
dem-1065	6	18	,	,	PUNCT
dem-1065	6	19	sunspot	sunspot	NOUN
dem-1065	6	20	,	,	PUNCT
dem-1065	6	21	central	central	ADJ
dem-1065	6	22	europe	europe	PROPN
dem-1065	6	23	.	.	PUNCT
dem-1065	7	1	introduction	introduction	NOUN
dem-1065	7	2	sovereign	sovereign	ADJ
dem-1065	7	3	cds	cd	NOUN
dem-1065	7	4	contracts	contract	NOUN
dem-1065	7	5	attracted	attract	VERB
dem-1065	7	6	special	special	ADJ
dem-1065	7	7	attention	attention	NOUN
dem-1065	7	8	of	of	ADP
dem-1065	7	9	the	the	DET
dem-1065	7	10	researchers	researcher	NOUN
dem-1065	7	11	starting	start	VERB
dem-1065	7	12	from	from	ADP
dem-1065	7	13	the	the	DET
dem-1065	7	14	outbreak	outbreak	NOUN
dem-1065	7	15	of	of	ADP
dem-1065	7	16	the	the	DET
dem-1065	7	17	recent	recent	ADJ
dem-1065	7	18	financial	financial	ADJ
dem-1065	7	19	crisis	crisis	NOUN
dem-1065	7	20	.	.	PUNCT
dem-1065	8	1	beforehand	beforehand	ADV
dem-1065	8	2	,	,	PUNCT
dem-1065	8	3	most	most	ADJ
dem-1065	8	4	of	of	ADP
dem-1065	8	5	the	the	DET
dem-1065	8	6	research	research	NOUN
dem-1065	8	7	concentrated	concentrate	VERB
dem-1065	8	8	on	on	ADP
dem-1065	8	9	the	the	DET
dem-1065	8	10	corporate	corporate	ADJ
dem-1065	8	11	cds	cd	NOUN
dem-1065	8	12	contracts	contract	NOUN
dem-1065	8	13	and	and	CCONJ
dem-1065	8	14	analysed	analyse	VERB
dem-1065	8	15	interrelations	interrelation	NOUN
dem-1065	8	16	of	of	ADP
dem-1065	8	17	the	the	DET
dem-1065	8	18	cds	cd	NOUN
dem-1065	8	19	spreads	spread	VERB
dem-1065	8	20	with	with	ADP
dem-1065	8	21	other	other	ADJ
dem-1065	8	22	financial	financial	ADJ
dem-1065	8	23	instruments	instrument	NOUN
dem-1065	8	24	.	.	PUNCT
dem-1065	9	1	to	to	PART
dem-1065	9	2	name	name	VERB
dem-1065	9	3	a	a	DET
dem-1065	9	4	few	few	ADJ
dem-1065	9	5	:	:	PUNCT
dem-1065	9	6	hull	hull	NOUN
dem-1065	9	7	,	,	PUNCT
dem-1065	9	8	predescu	predescu	NOUN
dem-1065	9	9	and	and	CCONJ
dem-1065	9	10	white	white	ADJ
dem-1065	9	11	(	(	PUNCT
dem-1065	9	12	2004	2004	NUM
dem-1065	9	13	)	)	PUNCT
dem-1065	9	14	analysed	analyse	VERB
dem-1065	9	15	relationships	relationship	NOUN
dem-1065	9	16	between	between	ADP
dem-1065	9	17	the	the	DET
dem-1065	9	18	cds	cd	NOUN
dem-1065	9	19	spreads	spread	VERB
dem-1065	9	20	,	,	PUNCT
dem-1065	9	21	bond	bond	NOUN
dem-1065	9	22	yields	yield	NOUN
dem-1065	9	23	and	and	CCONJ
dem-1065	9	24	credit	credit	NOUN
dem-1065	9	25	rating	rating	NOUN
dem-1065	9	26	announcements	announcement	NOUN
dem-1065	9	27	over	over	ADP
dem-1065	9	28	the	the	DET
dem-1065	9	29	period	period	NOUN
dem-1065	9	30	1998	1998	NUM
dem-1065	9	31	-	-	SYM
dem-1065	9	32	2002	2002	NUM
dem-1065	9	33	.	.	PUNCT
dem-1065	10	1	benkert	benkert	PROPN
dem-1065	10	2	(	(	PUNCT
dem-1065	10	3	2004	2004	NUM
dem-1065	10	4	)	)	PUNCT
dem-1065	10	5	searched	search	VERB
dem-1065	10	6	for	for	ADP
dem-1065	10	7	the	the	DET
dem-1065	10	8	factors	factor	NOUN
dem-1065	10	9	explaining	explain	VERB
dem-1065	10	10	the	the	DET
dem-1065	10	11	dynamics	dynamic	NOUN
dem-1065	10	12	of	of	ADP
dem-1065	10	13	the	the	DET
dem-1065	10	14	cds	cds	PROPN
dem-1065	10	15	premia	premia	PROPN
dem-1065	10	16	,	,	PUNCT
dem-1065	10	17	finding	find	VERB
dem-1065	10	18	option	option	NOUN
dem-1065	10	19	-	-	PUNCT
dem-1065	10	20	implied	imply	VERB
dem-1065	10	21	volatility	volatility	NOUN
dem-1065	10	22	especially	especially	ADV
dem-1065	10	23	significant	significant	ADJ
dem-1065	10	24	in	in	ADP
dem-1065	10	25	explaining	explain	VERB
dem-1065	10	26	their	their	PRON
dem-1065	10	27	variability	variability	NOUN
dem-1065	10	28	.	.	PUNCT
dem-1065	11	1	some	some	DET
dem-1065	11	2	studies	study	NOUN
dem-1065	11	3	concentrated	concentrate	VERB
dem-1065	11	4	on	on	ADP
dem-1065	11	5	the	the	DET
dem-1065	11	6	interrelations	interrelation	NOUN
dem-1065	11	7	between	between	ADP
dem-1065	11	8	the	the	DET
dem-1065	11	9	premia	premia	NOUN
dem-1065	11	10	of	of	ADP
dem-1065	11	11	the	the	DET
dem-1065	11	12	corporate	corporate	ADJ
dem-1065	11	13	cds	cd	NOUN
dem-1065	11	14	contracts	contract	NOUN
dem-1065	11	15	.	.	PUNCT
dem-1065	12	1	such	such	DET
dem-1065	12	2	an	an	DET
dem-1065	12	3	example	example	NOUN
dem-1065	12	4	can	can	AUX
dem-1065	12	5	be	be	AUX
dem-1065	12	6	the	the	DET
dem-1065	12	7	paper	paper	NOUN
dem-1065	12	8	by	by	ADP
dem-1065	12	9	coudert	coudert	PROPN
dem-1065	12	10	and	and	CCONJ
dem-1065	12	11	gex	gex	PROPN
dem-1065	12	12	(	(	PUNCT
dem-1065	12	13	2008	2008	NUM
dem-1065	12	14	)	)	PUNCT
dem-1065	12	15	in	in	ADP
dem-1065	12	16	which	which	PRON
dem-1065	12	17	the	the	DET
dem-1065	12	18	authors	author	NOUN
dem-1065	12	19	analyse	analyse	VERB
dem-1065	12	20	possible	possible	ADJ
dem-1065	12	21	contagion	contagion	NOUN
dem-1065	12	22	of	of	ADP
dem-1065	12	23	the	the	DET
dem-1065	12	24	†	†	X
dem-1065	12	25	the	the	DET
dem-1065	12	26	work	work	NOUN
dem-1065	12	27	is	be	AUX
dem-1065	12	28	supported	support	VERB
dem-1065	12	29	by	by	ADP
dem-1065	12	30	the	the	DET
dem-1065	12	31	polish	polish	PROPN
dem-1065	12	32	ministry	ministry	PROPN
dem-1065	12	33	of	of	ADP
dem-1065	12	34	science	science	PROPN
dem-1065	12	35	and	and	CCONJ
dem-1065	12	36	higher	high	ADJ
dem-1065	12	37	education	education	NOUN
dem-1065	12	38	through	through	ADP
dem-1065	12	39	the	the	DET
dem-1065	12	40	project	project	NOUN
dem-1065	12	41	nn	nn	X
dem-1065	12	42	112372340	112372340	NUM
dem-1065	12	43	.	.	PUNCT
dem-1065	13	1	the	the	DET
dem-1065	13	2	author	author	NOUN
dem-1065	13	3	would	would	AUX
dem-1065	13	4	like	like	VERB
dem-1065	13	5	to	to	PART
dem-1065	13	6	thank	thank	VERB
dem-1065	13	7	the	the	DET
dem-1065	13	8	members	member	NOUN
dem-1065	13	9	of	of	ADP
dem-1065	13	10	the	the	DET
dem-1065	13	11	project	project	NOUN
dem-1065	13	12	,	,	PUNCT
dem-1065	13	13	especially	especially	ADV
dem-1065	13	14	jacek	jacek	PROPN
dem-1065	13	15	wallusch	wallusch	VERB
dem-1065	13	16	and	and	CCONJ
dem-1065	13	17	michał	michał	PROPN
dem-1065	13	18	adam	adam	PROPN
dem-1065	13	19	for	for	ADP
dem-1065	13	20	their	their	PRON
dem-1065	13	21	help	help	NOUN
dem-1065	13	22	,	,	PUNCT
dem-1065	13	23	cooperation	cooperation	NOUN
dem-1065	13	24	and	and	CCONJ
dem-1065	13	25	fruitful	fruitful	ADJ
dem-1065	13	26	comments	comment	NOUN
dem-1065	13	27	on	on	ADP
dem-1065	13	28	the	the	DET
dem-1065	13	29	article	article	NOUN
dem-1065	13	30	,	,	PUNCT
dem-1065	13	31	as	as	ADV
dem-1065	13	32	well	well	ADV
dem-1065	13	33	as	as	ADP
dem-1065	13	34	the	the	DET
dem-1065	13	35	two	two	NUM
dem-1065	13	36	anonymous	anonymous	ADJ
dem-1065	13	37	referees	referee	NOUN
dem-1065	13	38	for	for	ADP
dem-1065	13	39	their	their	PRON
dem-1065	13	40	useful	useful	ADJ
dem-1065	13	41	and	and	CCONJ
dem-1065	13	42	inspiring	inspiring	ADJ
dem-1065	13	43	remarks	remark	NOUN
dem-1065	13	44	.	.	PUNCT
dem-1065	14	1	agata	agata	PROPN
dem-1065	14	2	kliber	kliber	PROPN
dem-1065	14	3	112	112	NUM
dem-1065	14	4	crisis	crisis	NOUN
dem-1065	14	5	experienced	experience	VERB
dem-1065	14	6	by	by	ADP
dem-1065	14	7	general	general	ADJ
dem-1065	14	8	motors	motors	PROPN
dem-1065	14	9	and	and	CCONJ
dem-1065	14	10	ford	ford	PROPN
dem-1065	14	11	in	in	ADP
dem-1065	14	12	may	may	PROPN
dem-1065	14	13	2005	2005	NUM
dem-1065	14	14	to	to	ADP
dem-1065	14	15	the	the	DET
dem-1065	14	16	whole	whole	ADJ
dem-1065	14	17	cds	cd	NOUN
dem-1065	14	18	market	market	NOUN
dem-1065	14	19	.	.	PUNCT
dem-1065	15	1	jorion	jorion	NOUN
dem-1065	15	2	and	and	CCONJ
dem-1065	15	3	zhang	zhang	PROPN
dem-1065	15	4	(	(	PUNCT
dem-1065	15	5	2007	2007	NUM
dem-1065	15	6	)	)	PUNCT
dem-1065	15	7	show	show	VERB
dem-1065	15	8	how	how	SCONJ
dem-1065	15	9	information	information	NOUN
dem-1065	15	10	of	of	ADP
dem-1065	15	11	credit	credit	NOUN
dem-1065	15	12	event	event	NOUN
dem-1065	15	13	of	of	ADP
dem-1065	15	14	a	a	DET
dem-1065	15	15	given	give	VERB
dem-1065	15	16	company	company	NOUN
dem-1065	15	17	is	be	AUX
dem-1065	15	18	transferred	transfer	VERB
dem-1065	15	19	among	among	ADP
dem-1065	15	20	the	the	DET
dem-1065	15	21	other	other	ADJ
dem-1065	15	22	companies	company	NOUN
dem-1065	15	23	through	through	ADP
dem-1065	15	24	the	the	DET
dem-1065	15	25	cds	cds	PROPN
dem-1065	15	26	market	market	NOUN
dem-1065	15	27	in	in	ADP
dem-1065	15	28	usa	usa	PROPN
dem-1065	15	29	over	over	ADP
dem-1065	15	30	the	the	DET
dem-1065	15	31	period	period	NOUN
dem-1065	15	32	2001–2004	2001–2004	NUM
dem-1065	15	33	.	.	PUNCT
dem-1065	16	1	most	most	ADV
dem-1065	16	2	recently	recently	ADV
dem-1065	16	3	,	,	PUNCT
dem-1065	16	4	more	more	ADJ
dem-1065	16	5	and	and	CCONJ
dem-1065	16	6	more	more	ADJ
dem-1065	16	7	attention	attention	NOUN
dem-1065	16	8	is	be	AUX
dem-1065	16	9	paid	pay	VERB
dem-1065	16	10	to	to	ADP
dem-1065	16	11	the	the	DET
dem-1065	16	12	interrelations	interrelation	NOUN
dem-1065	16	13	between	between	ADP
dem-1065	16	14	the	the	DET
dem-1065	16	15	sovereign	sovereign	ADJ
dem-1065	16	16	cds	cd	NOUN
dem-1065	16	17	instruments	instrument	NOUN
dem-1065	16	18	.	.	PUNCT
dem-1065	17	1	an	an	DET
dem-1065	17	2	example	example	NOUN
dem-1065	17	3	can	can	AUX
dem-1065	17	4	be	be	AUX
dem-1065	17	5	the	the	DET
dem-1065	17	6	work	work	NOUN
dem-1065	17	7	of	of	ADP
dem-1065	17	8	calice	calice	PROPN
dem-1065	17	9	,	,	PUNCT
dem-1065	17	10	chen	chen	PROPN
dem-1065	17	11	and	and	CCONJ
dem-1065	17	12	williams	williams	PROPN
dem-1065	17	13	(	(	PUNCT
dem-1065	17	14	2011	2011	NUM
dem-1065	17	15	)	)	PUNCT
dem-1065	17	16	in	in	ADP
dem-1065	17	17	which	which	PRON
dem-1065	17	18	the	the	DET
dem-1065	17	19	authors	author	NOUN
dem-1065	17	20	analyse	analyse	VERB
dem-1065	17	21	the	the	DET
dem-1065	17	22	interrelations	interrelation	NOUN
dem-1065	17	23	between	between	ADP
dem-1065	17	24	the	the	DET
dem-1065	17	25	cds	cds	PROPN
dem-1065	17	26	contract	contract	NOUN
dem-1065	17	27	and	and	CCONJ
dem-1065	17	28	bonds	bond	NOUN
dem-1065	17	29	markets	market	NOUN
dem-1065	17	30	in	in	ADP
dem-1065	17	31	the	the	DET
dem-1065	17	32	eurozone	eurozone	NOUN
dem-1065	17	33	.	.	PUNCT
dem-1065	18	1	alter	alter	PROPN
dem-1065	18	2	and	and	CCONJ
dem-1065	18	3	schüler	schüler	ADJ
dem-1065	18	4	(	(	PUNCT
dem-1065	18	5	2011	2011	NUM
dem-1065	18	6	)	)	PUNCT
dem-1065	18	7	investigated	investigate	VERB
dem-1065	18	8	interdependence	interdependence	NOUN
dem-1065	18	9	of	of	ADP
dem-1065	18	10	the	the	DET
dem-1065	18	11	sovereign	sovereign	ADJ
dem-1065	18	12	and	and	CCONJ
dem-1065	18	13	banks	bank	NOUN
dem-1065	18	14	’	’	PART
dem-1065	18	15	cds	cd	NOUN
dem-1065	18	16	series	series	NOUN
dem-1065	18	17	of	of	ADP
dem-1065	18	18	chosen	choose	VERB
dem-1065	18	19	european	european	ADJ
dem-1065	18	20	countries	country	NOUN
dem-1065	18	21	(	(	PUNCT
dem-1065	18	22	france	france	PROPN
dem-1065	18	23	,	,	PUNCT
dem-1065	18	24	germany	germany	PROPN
dem-1065	18	25	,	,	PUNCT
dem-1065	18	26	italy	italy	PROPN
dem-1065	18	27	,	,	PUNCT
dem-1065	18	28	ireland	ireland	PROPN
dem-1065	18	29	,	,	PUNCT
dem-1065	18	30	netherlands	netherlands	PROPN
dem-1065	18	31	,	,	PUNCT
dem-1065	18	32	portugal	portugal	PROPN
dem-1065	18	33	and	and	CCONJ
dem-1065	18	34	spain	spain	PROPN
dem-1065	18	35	)	)	PUNCT
dem-1065	18	36	.	.	PUNCT
dem-1065	19	1	alfonso	alfonso	PROPN
dem-1065	19	2	,	,	PUNCT
dem-1065	19	3	furceri	furceri	PROPN
dem-1065	19	4	and	and	CCONJ
dem-1065	19	5	gomes	gome	NOUN
dem-1065	19	6	(	(	PUNCT
dem-1065	19	7	2011	2011	NUM
dem-1065	19	8	)	)	PUNCT
dem-1065	19	9	carried	carry	VERB
dem-1065	19	10	an	an	DET
dem-1065	19	11	event	event	NOUN
dem-1065	19	12	-	-	PUNCT
dem-1065	19	13	study	study	NOUN
dem-1065	19	14	analysis	analysis	NOUN
dem-1065	19	15	to	to	PART
dem-1065	19	16	check	check	VERB
dem-1065	19	17	the	the	DET
dem-1065	19	18	reaction	reaction	NOUN
dem-1065	19	19	of	of	ADP
dem-1065	19	20	sovereign	sovereign	ADJ
dem-1065	19	21	bond	bond	NOUN
dem-1065	19	22	yields	yield	NOUN
dem-1065	19	23	and	and	CCONJ
dem-1065	19	24	cds	cd	NOUN
dem-1065	19	25	spreads	spread	VERB
dem-1065	19	26	to	to	ADP
dem-1065	19	27	the	the	DET
dem-1065	19	28	rating	rating	NOUN
dem-1065	19	29	agency	agency	NOUN
dem-1065	19	30	announcements	announcement	NOUN
dem-1065	19	31	,	,	PUNCT
dem-1065	19	32	finding	find	VERB
dem-1065	19	33	among	among	ADP
dem-1065	19	34	all	all	PRON
dem-1065	19	35	that	that	PRON
dem-1065	19	36	the	the	DET
dem-1065	19	37	reaction	reaction	NOUN
dem-1065	19	38	of	of	ADP
dem-1065	19	39	the	the	DET
dem-1065	19	40	cds	cd	NOUN
dem-1065	19	41	spreads	spread	VERB
dem-1065	19	42	to	to	ADP
dem-1065	19	43	the	the	DET
dem-1065	19	44	negative	negative	ADJ
dem-1065	19	45	news	news	NOUN
dem-1065	19	46	increased	increase	VERB
dem-1065	19	47	after	after	ADP
dem-1065	19	48	the	the	DET
dem-1065	19	49	lehman	lehman	PROPN
dem-1065	19	50	brothers	brother	NOUN
dem-1065	19	51	’	'	PUNCT
dem-1065	19	52	bankruptcy	bankruptcy	NOUN
dem-1065	19	53	.	.	PUNCT
dem-1065	20	1	the	the	DET
dem-1065	20	2	dataset	dataset	NOUN
dem-1065	20	3	used	use	VERB
dem-1065	20	4	by	by	ADP
dem-1065	20	5	the	the	DET
dem-1065	20	6	authors	author	NOUN
dem-1065	20	7	included	include	VERB
dem-1065	20	8	emu	emu	PROPN
dem-1065	20	9	and	and	CCONJ
dem-1065	20	10	non	non	ADJ
dem-1065	20	11	-	-	ADJ
dem-1065	20	12	emu	emu	NOUN
dem-1065	20	13	countries	country	NOUN
dem-1065	20	14	,	,	PUNCT
dem-1065	20	15	among	among	ADP
dem-1065	20	16	all	all	DET
dem-1065	20	17	czech	czech	PROPN
dem-1065	20	18	republic	republic	NOUN
dem-1065	20	19	,	,	PUNCT
dem-1065	20	20	hungary	hungary	PROPN
dem-1065	20	21	and	and	CCONJ
dem-1065	20	22	poland	poland	PROPN
dem-1065	20	23	,	,	PUNCT
dem-1065	20	24	and	and	CCONJ
dem-1065	20	25	covers	cover	VERB
dem-1065	20	26	the	the	DET
dem-1065	20	27	period	period	NOUN
dem-1065	20	28	from	from	ADP
dem-1065	20	29	january	january	PROPN
dem-1065	20	30	1995	1995	NUM
dem-1065	20	31	to	to	ADP
dem-1065	20	32	october	october	PROPN
dem-1065	20	33	2010	2010	NUM
dem-1065	20	34	.	.	PUNCT
dem-1065	21	1	the	the	DET
dem-1065	21	2	aim	aim	NOUN
dem-1065	21	3	of	of	ADP
dem-1065	21	4	this	this	DET
dem-1065	21	5	paper	paper	NOUN
dem-1065	21	6	is	be	AUX
dem-1065	21	7	to	to	PART
dem-1065	21	8	investigate	investigate	VERB
dem-1065	21	9	possible	possible	ADJ
dem-1065	21	10	linkages	linkage	NOUN
dem-1065	21	11	and	and	CCONJ
dem-1065	21	12	interdependence	interdependence	NOUN
dem-1065	21	13	among	among	ADP
dem-1065	21	14	central	central	ADJ
dem-1065	21	15	european	european	ADJ
dem-1065	21	16	sovereign	sovereign	ADJ
dem-1065	21	17	cds	cd	NOUN
dem-1065	21	18	instruments	instrument	NOUN
dem-1065	21	19	of	of	ADP
dem-1065	21	20	5	5	NUM
dem-1065	21	21	year	year	NOUN
dem-1065	21	22	maturity	maturity	NOUN
dem-1065	21	23	during	during	ADP
dem-1065	21	24	the	the	DET
dem-1065	21	25	hectic	hectic	ADJ
dem-1065	21	26	period	period	NOUN
dem-1065	21	27	of	of	ADP
dem-1065	21	28	recent	recent	ADJ
dem-1065	21	29	financial	financial	ADJ
dem-1065	21	30	crisis	crisis	NOUN
dem-1065	21	31	.	.	PUNCT
dem-1065	22	1	the	the	DET
dem-1065	22	2	author	author	NOUN
dem-1065	22	3	wants	want	VERB
dem-1065	22	4	to	to	PART
dem-1065	22	5	verify	verify	VERB
dem-1065	22	6	whether	whether	SCONJ
dem-1065	22	7	the	the	DET
dem-1065	22	8	price	price	NOUN
dem-1065	22	9	of	of	ADP
dem-1065	22	10	the	the	DET
dem-1065	22	11	sovereign	sovereign	ADJ
dem-1065	22	12	cds	cd	NOUN
dem-1065	22	13	instruments	instrument	NOUN
dem-1065	22	14	is	be	AUX
dem-1065	22	15	determined	determine	VERB
dem-1065	22	16	mainly	mainly	ADV
dem-1065	22	17	by	by	ADP
dem-1065	22	18	fundamentals	fundamental	NOUN
dem-1065	22	19	or	or	CCONJ
dem-1065	22	20	whether	whether	SCONJ
dem-1065	22	21	the	the	DET
dem-1065	22	22	premium	premium	NOUN
dem-1065	22	23	is	be	AUX
dem-1065	22	24	influenced	influence	VERB
dem-1065	22	25	by	by	ADP
dem-1065	22	26	expectations	expectation	NOUN
dem-1065	22	27	(	(	PUNCT
dem-1065	22	28	sunspots	sunspot	NOUN
dem-1065	22	29	)	)	PUNCT
dem-1065	22	30	.	.	PUNCT
dem-1065	23	1	the	the	DET
dem-1065	23	2	author	author	NOUN
dem-1065	23	3	first	first	ADV
dem-1065	23	4	analyses	analyse	VERB
dem-1065	23	5	volatilities	volatility	NOUN
dem-1065	23	6	of	of	ADP
dem-1065	23	7	the	the	DET
dem-1065	23	8	cds	cd	NOUN
dem-1065	23	9	spreads	spread	VERB
dem-1065	23	10	to	to	PART
dem-1065	23	11	find	find	VERB
dem-1065	23	12	any	any	DET
dem-1065	23	13	common	common	ADJ
dem-1065	23	14	patterns	pattern	NOUN
dem-1065	23	15	of	of	ADP
dem-1065	23	16	their	their	PRON
dem-1065	23	17	dynamics	dynamic	NOUN
dem-1065	23	18	.	.	PUNCT
dem-1065	24	1	next	next	ADV
dem-1065	24	2	,	,	PUNCT
dem-1065	24	3	the	the	DET
dem-1065	24	4	non	non	ADJ
dem-1065	24	5	-	-	ADJ
dem-1065	24	6	causality	causality	NOUN
dem-1065	24	7	test	test	NOUN
dem-1065	24	8	of	of	ADP
dem-1065	24	9	cheung	cheung	PROPN
dem-1065	24	10	and	and	CCONJ
dem-1065	24	11	ng	ng	PROPN
dem-1065	24	12	(	(	PUNCT
dem-1065	24	13	1996	1996	NUM
dem-1065	24	14	)	)	PUNCT
dem-1065	24	15	is	be	AUX
dem-1065	24	16	run	run	VERB
dem-1065	24	17	to	to	PART
dem-1065	24	18	verify	verify	VERB
dem-1065	24	19	the	the	DET
dem-1065	24	20	possible	possible	ADJ
dem-1065	24	21	moments	moment	NOUN
dem-1065	24	22	of	of	ADP
dem-1065	24	23	causality	causality	NOUN
dem-1065	24	24	and	and	CCONJ
dem-1065	24	25	to	to	PART
dem-1065	24	26	relate	relate	VERB
dem-1065	24	27	them	they	PRON
dem-1065	24	28	to	to	ADP
dem-1065	24	29	the	the	DET
dem-1065	24	30	crisis	crisis	NOUN
dem-1065	24	31	events	event	NOUN
dem-1065	24	32	.	.	PUNCT
dem-1065	25	1	eventually	eventually	ADV
dem-1065	25	2	,	,	PUNCT
dem-1065	25	3	to	to	PART
dem-1065	25	4	check	check	VERB
dem-1065	25	5	the	the	DET
dem-1065	25	6	strength	strength	NOUN
dem-1065	25	7	of	of	ADP
dem-1065	25	8	causality	causality	NOUN
dem-1065	25	9	,	,	PUNCT
dem-1065	25	10	the	the	DET
dem-1065	25	11	author	author	NOUN
dem-1065	25	12	estimates	estimate	VERB
dem-1065	25	13	the	the	DET
dem-1065	25	14	multivariate	multivariate	NOUN
dem-1065	25	15	stochastic	stochastic	ADJ
dem-1065	25	16	volatility	volatility	NOUN
dem-1065	25	17	model	model	NOUN
dem-1065	25	18	with	with	ADP
dem-1065	25	19	granger	granger	NOUN
dem-1065	25	20	-	-	PUNCT
dem-1065	25	21	causality	causality	NOUN
dem-1065	25	22	of	of	ADP
dem-1065	25	23	yu	yu	PROPN
dem-1065	25	24	and	and	CCONJ
dem-1065	25	25	meyer	meyer	PROPN
dem-1065	25	26	(	(	PUNCT
dem-1065	25	27	2006	2006	NUM
dem-1065	25	28	)	)	PUNCT
dem-1065	25	29	.	.	PUNCT
dem-1065	26	1	the	the	DET
dem-1065	26	2	results	result	NOUN
dem-1065	26	3	of	of	ADP
dem-1065	26	4	the	the	DET
dem-1065	26	5	research	research	NOUN
dem-1065	26	6	show	show	VERB
dem-1065	26	7	that	that	SCONJ
dem-1065	26	8	the	the	DET
dem-1065	26	9	price	price	NOUN
dem-1065	26	10	of	of	ADP
dem-1065	26	11	the	the	DET
dem-1065	26	12	instruments	instrument	NOUN
dem-1065	26	13	is	be	AUX
dem-1065	26	14	indeed	indeed	ADV
dem-1065	26	15	influenced	influence	VERB
dem-1065	26	16	by	by	ADP
dem-1065	26	17	expectations	expectation	NOUN
dem-1065	26	18	(	(	PUNCT
dem-1065	26	19	e.g.	e.g.	ADV
dem-1065	26	20	a	a	DET
dem-1065	26	21	significant	significant	ADJ
dem-1065	26	22	reaction	reaction	NOUN
dem-1065	26	23	of	of	ADP
dem-1065	26	24	volatilities	volatility	NOUN
dem-1065	26	25	to	to	ADP
dem-1065	26	26	the	the	DET
dem-1065	26	27	greek	greek	ADJ
dem-1065	26	28	crisis	crisis	NOUN
dem-1065	26	29	was	be	AUX
dem-1065	26	30	found	find	VERB
dem-1065	26	31	)	)	PUNCT
dem-1065	26	32	.	.	PUNCT
dem-1065	27	1	regional	regional	ADJ
dem-1065	27	2	linkages	linkage	NOUN
dem-1065	27	3	(	(	PUNCT
dem-1065	27	4	measured	measure	VERB
dem-1065	27	5	by	by	ADP
dem-1065	27	6	grangercausality	grangercausality	NOUN
dem-1065	27	7	relations	relation	NOUN
dem-1065	27	8	)	)	PUNCT
dem-1065	27	9	do	do	AUX
dem-1065	27	10	exist	exist	VERB
dem-1065	27	11	,	,	PUNCT
dem-1065	27	12	but	but	CCONJ
dem-1065	27	13	in	in	ADP
dem-1065	27	14	the	the	DET
dem-1065	27	15	analysed	analyse	VERB
dem-1065	27	16	period	period	NOUN
dem-1065	27	17	they	they	PRON
dem-1065	27	18	played	play	VERB
dem-1065	27	19	less	less	ADV
dem-1065	27	20	important	important	ADJ
dem-1065	27	21	role	role	NOUN
dem-1065	27	22	(	(	PUNCT
dem-1065	27	23	reaction	reaction	NOUN
dem-1065	27	24	of	of	ADP
dem-1065	27	25	volatilities	volatility	NOUN
dem-1065	27	26	of	of	ADP
dem-1065	27	27	polish	polish	ADJ
dem-1065	27	28	and	and	CCONJ
dem-1065	27	29	czech	czech	ADJ
dem-1065	27	30	instruments	instrument	NOUN
dem-1065	27	31	to	to	ADP
dem-1065	27	32	the	the	DET
dem-1065	27	33	hungarian	hungarian	ADJ
dem-1065	27	34	problems	problem	NOUN
dem-1065	27	35	was	be	AUX
dem-1065	27	36	not	not	PART
dem-1065	27	37	comparable	comparable	ADJ
dem-1065	27	38	to	to	ADP
dem-1065	27	39	their	their	PRON
dem-1065	27	40	reaction	reaction	NOUN
dem-1065	27	41	to	to	ADP
dem-1065	27	42	the	the	DET
dem-1065	27	43	greek	greek	ADJ
dem-1065	27	44	crisis	crisis	NOUN
dem-1065	27	45	)	)	PUNCT
dem-1065	27	46	.	.	PUNCT
dem-1065	28	1	the	the	DET
dem-1065	28	2	finding	finding	NOUN
dem-1065	28	3	that	that	SCONJ
dem-1065	28	4	the	the	DET
dem-1065	28	5	negative	negative	ADJ
dem-1065	28	6	events	event	NOUN
dem-1065	28	7	influence	influence	VERB
dem-1065	28	8	significantly	significantly	ADV
dem-1065	28	9	the	the	DET
dem-1065	28	10	price	price	NOUN
dem-1065	28	11	of	of	ADP
dem-1065	28	12	the	the	DET
dem-1065	28	13	cds	cd	NOUN
dem-1065	28	14	is	be	AUX
dem-1065	28	15	consistent	consistent	ADJ
dem-1065	28	16	with	with	ADP
dem-1065	28	17	the	the	DET
dem-1065	28	18	previous	previous	ADJ
dem-1065	28	19	finding	finding	NOUN
dem-1065	28	20	,	,	PUNCT
dem-1065	28	21	cited	cite	VERB
dem-1065	28	22	above	above	ADV
dem-1065	28	23	.	.	PUNCT
dem-1065	29	1	1	1	X
dem-1065	29	2	.	.	X
dem-1065	29	3	cds	cd	NOUN
dem-1065	29	4	instruments	instrument	NOUN
dem-1065	29	5	–	–	PUNCT
dem-1065	29	6	an	an	DET
dem-1065	29	7	overview	overview	NOUN
dem-1065	29	8	credit	credit	NOUN
dem-1065	29	9	default	default	NOUN
dem-1065	29	10	swap	swap	NOUN
dem-1065	29	11	(	(	PUNCT
dem-1065	29	12	in	in	ADP
dem-1065	29	13	short	short	ADJ
dem-1065	29	14	:	:	PUNCT
dem-1065	29	15	cds	cd	NOUN
dem-1065	29	16	)	)	PUNCT
dem-1065	29	17	is	be	AUX
dem-1065	29	18	an	an	DET
dem-1065	29	19	instrument	instrument	NOUN
dem-1065	29	20	that	that	PRON
dem-1065	29	21	gives	give	VERB
dem-1065	29	22	the	the	DET
dem-1065	29	23	holder	holder	NOUN
dem-1065	29	24	right	right	ADJ
dem-1065	29	25	to	to	PART
dem-1065	29	26	sell	sell	VERB
dem-1065	29	27	a	a	DET
dem-1065	29	28	bond	bond	NOUN
dem-1065	29	29	for	for	ADP
dem-1065	29	30	its	its	PRON
dem-1065	29	31	face	face	NOUN
dem-1065	29	32	value	value	NOUN
dem-1065	29	33	in	in	ADP
dem-1065	29	34	the	the	DET
dem-1065	29	35	event	event	NOUN
dem-1065	29	36	of	of	ADP
dem-1065	29	37	a	a	DET
dem-1065	29	38	default	default	NOUN
dem-1065	29	39	by	by	ADP
dem-1065	29	40	the	the	DET
dem-1065	29	41	issuer	issuer	NOUN
dem-1065	29	42	(	(	PUNCT
dem-1065	29	43	hull	hull	NOUN
dem-1065	29	44	,	,	PUNCT
dem-1065	29	45	2008	2008	NUM
dem-1065	29	46	)	)	PUNCT
dem-1065	29	47	.	.	PUNCT
dem-1065	30	1	this	this	DET
dem-1065	30	2	credit	credit	NOUN
dem-1065	30	3	derivative	derivative	NOUN
dem-1065	30	4	constitutes	constitute	VERB
dem-1065	30	5	a	a	DET
dem-1065	30	6	form	form	NOUN
dem-1065	30	7	of	of	ADP
dem-1065	30	8	insurance	insurance	NOUN
dem-1065	30	9	which	which	PRON
dem-1065	30	10	protects	protect	VERB
dem-1065	30	11	the	the	DET
dem-1065	30	12	buyer	buyer	NOUN
dem-1065	30	13	of	of	ADP
dem-1065	30	14	the	the	DET
dem-1065	30	15	cds	cd	NOUN
dem-1065	30	16	in	in	ADP
dem-1065	30	17	the	the	DET
dem-1065	30	18	case	case	NOUN
dem-1065	30	19	of	of	ADP
dem-1065	30	20	a	a	DET
dem-1065	30	21	loan	loan	NOUN
dem-1065	30	22	default	default	NOUN
dem-1065	30	23	by	by	ADP
dem-1065	30	24	particular	particular	ADJ
dem-1065	30	25	company	company	NOUN
dem-1065	30	26	.	.	PUNCT
dem-1065	31	1	the	the	DET
dem-1065	31	2	company	company	NOUN
dem-1065	31	3	is	be	AUX
dem-1065	31	4	known	know	VERB
dem-1065	31	5	as	as	ADP
dem-1065	31	6	the	the	DET
dem-1065	31	7	reference	reference	NOUN
dem-1065	31	8	entity	entity	NOUN
dem-1065	31	9	and	and	CCONJ
dem-1065	31	10	a	a	DET
dem-1065	31	11	default	default	NOUN
dem-1065	31	12	by	by	ADP
dem-1065	31	13	the	the	DET
dem-1065	31	14	company	company	NOUN
dem-1065	31	15	is	be	AUX
dem-1065	31	16	sovereign	sovereign	ADJ
dem-1065	31	17	cds	cd	NOUN
dem-1065	31	18	instruments	instrument	NOUN
dem-1065	31	19	in	in	ADP
dem-1065	31	20	central	central	PROPN
dem-1065	31	21	europe	europe	PROPN
dem-1065	31	22	–	–	PUNCT
dem-1065	31	23	linkages	linkage	NOUN
dem-1065	31	24	and	and	CCONJ
dem-1065	31	25	interdependence	interdependence	NOUN
dem-1065	31	26	113	113	NUM
dem-1065	31	27	known	know	VERB
dem-1065	31	28	as	as	ADP
dem-1065	31	29	a	a	DET
dem-1065	31	30	credit	credit	NOUN
dem-1065	31	31	event	event	NOUN
dem-1065	31	32	.	.	PUNCT
dem-1065	32	1	the	the	DET
dem-1065	32	2	buyer	buyer	NOUN
dem-1065	32	3	of	of	ADP
dem-1065	32	4	the	the	DET
dem-1065	32	5	cds	cd	NOUN
dem-1065	32	6	makes	make	VERB
dem-1065	32	7	periodic	periodic	ADJ
dem-1065	32	8	payments	payment	NOUN
dem-1065	32	9	to	to	ADP
dem-1065	32	10	the	the	DET
dem-1065	32	11	seller	seller	NOUN
dem-1065	32	12	until	until	ADP
dem-1065	32	13	the	the	DET
dem-1065	32	14	end	end	NOUN
dem-1065	32	15	of	of	ADP
dem-1065	32	16	life	life	NOUN
dem-1065	32	17	of	of	ADP
dem-1065	32	18	the	the	DET
dem-1065	32	19	cds	cd	NOUN
dem-1065	32	20	or	or	CCONJ
dem-1065	32	21	until	until	SCONJ
dem-1065	32	22	a	a	DET
dem-1065	32	23	credit	credit	NOUN
dem-1065	32	24	event	event	NOUN
dem-1065	32	25	occurs	occur	VERB
dem-1065	32	26	.	.	PUNCT
dem-1065	33	1	the	the	DET
dem-1065	33	2	total	total	ADJ
dem-1065	33	3	amount	amount	NOUN
dem-1065	33	4	paid	pay	VERB
dem-1065	33	5	per	per	ADP
dem-1065	33	6	year	year	NOUN
dem-1065	33	7	as	as	ADP
dem-1065	33	8	a	a	DET
dem-1065	33	9	percent	percent	NOUN
dem-1065	33	10	of	of	ADP
dem-1065	33	11	the	the	DET
dem-1065	33	12	notional	notional	ADJ
dem-1065	33	13	principal	principal	NOUN
dem-1065	33	14	to	to	PART
dem-1065	33	15	buy	buy	VERB
dem-1065	33	16	the	the	DET
dem-1065	33	17	protection	protection	NOUN
dem-1065	33	18	is	be	AUX
dem-1065	33	19	called	call	VERB
dem-1065	33	20	the	the	DET
dem-1065	33	21	cds	cd	NOUN
dem-1065	33	22	spread	spread	NOUN
dem-1065	33	23	(	(	PUNCT
dem-1065	33	24	hull	hull	NOUN
dem-1065	33	25	,	,	PUNCT
dem-1065	33	26	2008	2008	NUM
dem-1065	33	27	)	)	PUNCT
dem-1065	33	28	.	.	PUNCT
dem-1065	34	1	many	many	ADJ
dem-1065	34	2	different	different	ADJ
dem-1065	34	3	companies	company	NOUN
dem-1065	34	4	and	and	CCONJ
dem-1065	34	5	countries	country	NOUN
dem-1065	34	6	are	be	AUX
dem-1065	34	7	reference	reference	NOUN
dem-1065	34	8	entities	entity	NOUN
dem-1065	34	9	for	for	ADP
dem-1065	34	10	the	the	DET
dem-1065	34	11	cds	cd	NOUN
dem-1065	34	12	contracts	contract	NOUN
dem-1065	34	13	.	.	PUNCT
dem-1065	35	1	special	special	ADJ
dem-1065	35	2	kinds	kind	NOUN
dem-1065	35	3	of	of	ADP
dem-1065	35	4	cds	cd	NOUN
dem-1065	35	5	contracts	contract	NOUN
dem-1065	35	6	are	be	AUX
dem-1065	35	7	the	the	DET
dem-1065	35	8	sovereign	sovereign	ADJ
dem-1065	35	9	ones	one	NOUN
dem-1065	35	10	,	,	PUNCT
dem-1065	35	11	the	the	DET
dem-1065	35	12	underlying	underlie	VERB
dem-1065	35	13	instruments	instrument	NOUN
dem-1065	35	14	of	of	ADP
dem-1065	35	15	which	which	PRON
dem-1065	35	16	are	be	AUX
dem-1065	35	17	government	government	NOUN
dem-1065	35	18	bonds	bond	NOUN
dem-1065	35	19	.	.	PUNCT
dem-1065	36	1	spreads	spread	NOUN
dem-1065	36	2	of	of	ADP
dem-1065	36	3	such	such	ADJ
dem-1065	36	4	cds	cd	NOUN
dem-1065	36	5	instruments	instrument	NOUN
dem-1065	36	6	can	can	AUX
dem-1065	36	7	be	be	AUX
dem-1065	36	8	also	also	ADV
dem-1065	36	9	used	use	VERB
dem-1065	36	10	as	as	ADP
dem-1065	36	11	indicators	indicator	NOUN
dem-1065	36	12	of	of	ADP
dem-1065	36	13	the	the	DET
dem-1065	36	14	credit	credit	NOUN
dem-1065	36	15	-	-	PUNCT
dem-1065	36	16	worthiness	worthiness	NOUN
dem-1065	36	17	of	of	ADP
dem-1065	36	18	a	a	DET
dem-1065	36	19	given	give	VERB
dem-1065	36	20	country	country	NOUN
dem-1065	36	21	(	(	PUNCT
dem-1065	36	22	hull	hull	NOUN
dem-1065	36	23	,	,	PUNCT
dem-1065	36	24	2008	2008	NUM
dem-1065	36	25	)	)	PUNCT
dem-1065	36	26	.	.	PUNCT
dem-1065	37	1	usually	usually	ADV
dem-1065	37	2	,	,	PUNCT
dem-1065	37	3	each	each	DET
dem-1065	37	4	negative	negative	ADJ
dem-1065	37	5	(	(	PUNCT
dem-1065	37	6	and	and	CCONJ
dem-1065	37	7	positive	positive	ADJ
dem-1065	37	8	)	)	PUNCT
dem-1065	37	9	piece	piece	NOUN
dem-1065	37	10	of	of	ADP
dem-1065	37	11	information	information	NOUN
dem-1065	37	12	about	about	ADP
dem-1065	37	13	financial	financial	ADJ
dem-1065	37	14	situation	situation	NOUN
dem-1065	37	15	of	of	ADP
dem-1065	37	16	a	a	DET
dem-1065	37	17	given	give	VERB
dem-1065	37	18	country	country	NOUN
dem-1065	37	19	is	be	AUX
dem-1065	37	20	reflected	reflect	VERB
dem-1065	37	21	in	in	ADP
dem-1065	37	22	the	the	DET
dem-1065	37	23	cds	cd	NOUN
dem-1065	37	24	spread	spread	NOUN
dem-1065	37	25	.	.	PUNCT
dem-1065	38	1	it	it	PRON
dem-1065	38	2	is	be	AUX
dem-1065	38	3	noticeable	noticeable	ADJ
dem-1065	38	4	that	that	SCONJ
dem-1065	38	5	negative	negative	ADJ
dem-1065	38	6	information	information	NOUN
dem-1065	38	7	contributes	contribute	VERB
dem-1065	38	8	to	to	ADP
dem-1065	38	9	the	the	DET
dem-1065	38	10	growth	growth	NOUN
dem-1065	38	11	of	of	ADP
dem-1065	38	12	the	the	DET
dem-1065	38	13	cds	cd	NOUN
dem-1065	38	14	premia	premia	NOUN
dem-1065	38	15	,	,	PUNCT
dem-1065	38	16	while	while	SCONJ
dem-1065	38	17	the	the	DET
dem-1065	38	18	positive	positive	ADJ
dem-1065	38	19	one	one	NOUN
dem-1065	38	20	–	–	PUNCT
dem-1065	38	21	to	to	ADP
dem-1065	38	22	its	its	PRON
dem-1065	38	23	lowering	lowering	NOUN
dem-1065	38	24	.	.	PUNCT
dem-1065	39	1	the	the	DET
dem-1065	39	2	more	more	ADV
dem-1065	39	3	liquid	liquid	ADJ
dem-1065	39	4	the	the	DET
dem-1065	39	5	market	market	NOUN
dem-1065	39	6	,	,	PUNCT
dem-1065	39	7	the	the	DET
dem-1065	39	8	more	more	ADV
dem-1065	39	9	perceptible	perceptible	ADJ
dem-1065	39	10	are	be	AUX
dem-1065	39	11	these	these	DET
dem-1065	39	12	movements	movement	NOUN
dem-1065	39	13	.	.	PUNCT
dem-1065	40	1	the	the	DET
dem-1065	40	2	sovereign	sovereign	ADJ
dem-1065	40	3	debt	debt	NOUN
dem-1065	40	4	market	market	NOUN
dem-1065	40	5	has	have	AUX
dem-1065	40	6	attracted	attract	VERB
dem-1065	40	7	considerable	considerable	ADJ
dem-1065	40	8	attention	attention	NOUN
dem-1065	40	9	since	since	SCONJ
dem-1065	40	10	september	september	PROPN
dem-1065	40	11	2008	2008	NUM
dem-1065	40	12	,	,	PUNCT
dem-1065	40	13	while	while	SCONJ
dem-1065	40	14	before	before	SCONJ
dem-1065	40	15	the	the	DET
dem-1065	40	16	crisis	crisis	NOUN
dem-1065	40	17	trading	trading	NOUN
dem-1065	40	18	concentrated	concentrate	VERB
dem-1065	40	19	on	on	ADP
dem-1065	40	20	private	private	ADJ
dem-1065	40	21	sector	sector	NOUN
dem-1065	40	22	instruments	instrument	NOUN
dem-1065	40	23	(	(	PUNCT
dem-1065	40	24	fontana	fontana	PROPN
dem-1065	40	25	,	,	PUNCT
dem-1065	40	26	scheicher	scheicher	PROPN
dem-1065	40	27	,	,	PUNCT
dem-1065	40	28	2010	2010	NUM
dem-1065	40	29	)	)	PUNCT
dem-1065	40	30	.	.	PUNCT
dem-1065	41	1	2	2	X
dem-1065	41	2	.	.	X
dem-1065	41	3	cds	cd	NOUN
dem-1065	41	4	instruments	instrument	NOUN
dem-1065	41	5	in	in	ADP
dem-1065	41	6	central	central	ADJ
dem-1065	41	7	europe	europe	PROPN
dem-1065	41	8	let	let	VERB
dem-1065	41	9	us	we	PRON
dem-1065	41	10	take	take	VERB
dem-1065	41	11	a	a	DET
dem-1065	41	12	look	look	NOUN
dem-1065	41	13	at	at	ADP
dem-1065	41	14	the	the	DET
dem-1065	41	15	figure	figure	NOUN
dem-1065	41	16	1	1	NUM
dem-1065	41	17	.	.	PUNCT
dem-1065	42	1	it	it	PRON
dem-1065	42	2	presents	present	VERB
dem-1065	42	3	the	the	DET
dem-1065	42	4	dynamics	dynamic	NOUN
dem-1065	42	5	of	of	ADP
dem-1065	42	6	the	the	DET
dem-1065	42	7	cds	cd	NOUN
dem-1065	42	8	spreads	spread	VERB
dem-1065	42	9	of	of	ADP
dem-1065	42	10	5	5	NUM
dem-1065	42	11	year	year	NOUN
dem-1065	42	12	maturity	maturity	NOUN
dem-1065	42	13	quoted	quote	VERB
dem-1065	42	14	for	for	ADP
dem-1065	42	15	czech	czech	PROPN
dem-1065	42	16	republic	republic	NOUN
dem-1065	42	17	,	,	PUNCT
dem-1065	42	18	hungary	hungary	PROPN
dem-1065	42	19	and	and	CCONJ
dem-1065	42	20	poland	poland	PROPN
dem-1065	42	21	over	over	ADP
dem-1065	42	22	the	the	DET
dem-1065	42	23	period	period	NOUN
dem-1065	42	24	march	march	PROPN
dem-1065	42	25	2008	2008	NUM
dem-1065	42	26	–	–	PUNCT
dem-1065	42	27	march	march	PROPN
dem-1065	42	28	2011	2011	NUM
dem-1065	42	29	.	.	PUNCT
dem-1065	43	1	first	first	ADV
dem-1065	43	2	of	of	ADP
dem-1065	43	3	all	all	PRON
dem-1065	43	4	,	,	PUNCT
dem-1065	43	5	we	we	PRON
dem-1065	43	6	can	can	AUX
dem-1065	43	7	notice	notice	VERB
dem-1065	43	8	that	that	SCONJ
dem-1065	43	9	the	the	DET
dem-1065	43	10	spreads	spread	NOUN
dem-1065	43	11	for	for	ADP
dem-1065	43	12	hungary	hungary	PROPN
dem-1065	43	13	are	be	AUX
dem-1065	43	14	the	the	DET
dem-1065	43	15	highest	high	ADJ
dem-1065	43	16	.	.	PUNCT
dem-1065	44	1	next	next	ADV
dem-1065	44	2	,	,	PUNCT
dem-1065	44	3	we	we	PRON
dem-1065	44	4	can	can	AUX
dem-1065	44	5	observe	observe	VERB
dem-1065	44	6	some	some	DET
dem-1065	44	7	similarities	similarity	NOUN
dem-1065	44	8	in	in	ADP
dem-1065	44	9	the	the	DET
dem-1065	44	10	behaviour	behaviour	NOUN
dem-1065	44	11	of	of	ADP
dem-1065	44	12	all	all	DET
dem-1065	44	13	the	the	DET
dem-1065	44	14	three	three	NUM
dem-1065	44	15	spreads	spread	NOUN
dem-1065	44	16	.	.	PUNCT
dem-1065	45	1	there	there	PRON
dem-1065	45	2	was	be	VERB
dem-1065	45	3	a	a	DET
dem-1065	45	4	significant	significant	ADJ
dem-1065	45	5	jump	jump	NOUN
dem-1065	45	6	in	in	ADP
dem-1065	45	7	the	the	DET
dem-1065	45	8	middle	middle	NOUN
dem-1065	45	9	of	of	ADP
dem-1065	45	10	october	october	PROPN
dem-1065	45	11	2008	2008	NUM
dem-1065	45	12	.	.	PUNCT
dem-1065	46	1	according	accord	VERB
dem-1065	46	2	to	to	ADP
dem-1065	46	3	the	the	DET
dem-1065	46	4	financial	financial	ADJ
dem-1065	46	5	stability	stability	NOUN
dem-1065	46	6	report	report	NOUN
dem-1065	46	7	(	(	PUNCT
dem-1065	46	8	nbp	nbp	PROPN
dem-1065	46	9	,	,	PUNCT
dem-1065	46	10	2009	2009	NUM
dem-1065	46	11	)	)	PUNCT
dem-1065	46	12	“	"	PUNCT
dem-1065	46	13	the	the	DET
dem-1065	46	14	rise	rise	NOUN
dem-1065	46	15	in	in	ADP
dem-1065	46	16	cds	cd	NOUN
dem-1065	46	17	premium	premium	NOUN
dem-1065	46	18	on	on	ADP
dem-1065	46	19	the	the	DET
dem-1065	46	20	polish	polish	ADJ
dem-1065	46	21	government	government	NOUN
dem-1065	46	22	debt	debt	NOUN
dem-1065	46	23	was	be	AUX
dem-1065	46	24	largely	largely	ADV
dem-1065	46	25	connected	connect	VERB
dem-1065	46	26	with	with	ADP
dem-1065	46	27	the	the	DET
dem-1065	46	28	global	global	ADJ
dem-1065	46	29	tendency	tendency	NOUN
dem-1065	46	30	to	to	PART
dem-1065	46	31	assess	assess	VERB
dem-1065	46	32	credit	credit	NOUN
dem-1065	46	33	risk	risk	NOUN
dem-1065	46	34	very	very	ADV
dem-1065	46	35	prudently	prudently	ADV
dem-1065	46	36	and	and	CCONJ
dem-1065	46	37	the	the	DET
dem-1065	46	38	negative	negative	ADJ
dem-1065	46	39	impact	impact	NOUN
dem-1065	46	40	of	of	ADP
dem-1065	46	41	the	the	DET
dem-1065	46	42	situation	situation	NOUN
dem-1065	46	43	in	in	ADP
dem-1065	46	44	the	the	DET
dem-1065	46	45	region	region	NOUN
dem-1065	46	46	on	on	ADP
dem-1065	46	47	perception	perception	NOUN
dem-1065	46	48	of	of	ADP
dem-1065	46	49	investment	investment	NOUN
dem-1065	46	50	risk	risk	NOUN
dem-1065	46	51	in	in	ADP
dem-1065	46	52	poland	poland	PROPN
dem-1065	46	53	”	"	PUNCT
dem-1065	46	54	.	.	PUNCT
dem-1065	47	1	moreover	moreover	ADV
dem-1065	47	2	,	,	PUNCT
dem-1065	47	3	the	the	DET
dem-1065	47	4	probability	probability	NOUN
dem-1065	47	5	of	of	ADP
dem-1065	47	6	default	default	NOUN
dem-1065	47	7	of	of	ADP
dem-1065	47	8	the	the	DET
dem-1065	47	9	polish	polish	ADJ
dem-1065	47	10	government	government	NOUN
dem-1065	47	11	implied	imply	VERB
dem-1065	47	12	by	by	ADP
dem-1065	47	13	the	the	DET
dem-1065	47	14	prices	price	NOUN
dem-1065	47	15	of	of	ADP
dem-1065	47	16	cds	cd	NOUN
dem-1065	47	17	was	be	AUX
dem-1065	47	18	much	much	ADV
dem-1065	47	19	higher	high	ADJ
dem-1065	47	20	than	than	SCONJ
dem-1065	47	21	other	other	ADJ
dem-1065	47	22	ratings	rating	NOUN
dem-1065	47	23	suggested	suggest	VERB
dem-1065	47	24	.	.	PUNCT
dem-1065	48	1	the	the	DET
dem-1065	48	2	rating	rating	NOUN
dem-1065	48	3	implied	imply	VERB
dem-1065	48	4	by	by	ADP
dem-1065	48	5	the	the	DET
dem-1065	48	6	cds	cd	NOUN
dem-1065	48	7	prices	price	NOUN
dem-1065	48	8	was	be	AUX
dem-1065	48	9	bbb	bbb	NOUN
dem-1065	48	10	,	,	PUNCT
dem-1065	48	11	while	while	SCONJ
dem-1065	48	12	moody	moody	PROPN
dem-1065	48	13	’s	’s	PART
dem-1065	48	14	assessment	assessment	NOUN
dem-1065	48	15	was	be	AUX
dem-1065	48	16	a2	a2	PROPN
dem-1065	48	17	and	and	CCONJ
dem-1065	48	18	s&p	s&p	PROPN
dem-1065	48	19	’s	’s	PART
dem-1065	48	20	and	and	CCONJ
dem-1065	48	21	fitch	fitch	VERB
dem-1065	48	22	’s	’s	PART
dem-1065	48	23	:	:	PUNCT
dem-1065	48	24	a-	a-	X
dem-1065	48	25	.	.	PUNCT
dem-1065	49	1	on	on	ADP
dem-1065	49	2	contrary	contrary	PROPN
dem-1065	49	3	,	,	PUNCT
dem-1065	49	4	the	the	DET
dem-1065	49	5	rating	rating	NOUN
dem-1065	49	6	for	for	ADP
dem-1065	49	7	hungary	hungary	PROPN
dem-1065	49	8	was	be	AUX
dem-1065	49	9	lowered	lower	VERB
dem-1065	49	10	several	several	ADJ
dem-1065	49	11	times	time	NOUN
dem-1065	49	12	in	in	ADP
dem-1065	49	13	2008	2008	NUM
dem-1065	49	14	and	and	CCONJ
dem-1065	49	15	2009	2009	NUM
dem-1065	49	16	.	.	PUNCT
dem-1065	50	1	for	for	ADP
dem-1065	50	2	example	example	NOUN
dem-1065	50	3	,	,	PUNCT
dem-1065	50	4	on	on	ADP
dem-1065	50	5	october	october	PROPN
dem-1065	50	6	15th	15th	NOUN
dem-1065	50	7	the	the	DET
dem-1065	50	8	rating	rating	NOUN
dem-1065	50	9	for	for	ADP
dem-1065	50	10	hungary	hungary	PROPN
dem-1065	50	11	was	be	AUX
dem-1065	50	12	changed	change	VERB
dem-1065	50	13	by	by	ADP
dem-1065	50	14	s&p	s&p	PROPN
dem-1065	50	15	from	from	ADP
dem-1065	50	16	a2	a2	PROPN
dem-1065	50	17	to	to	ADP
dem-1065	50	18	a2	a2	PROPN
dem-1065	50	19	with	with	ADP
dem-1065	50	20	negative	negative	ADJ
dem-1065	50	21	outlook	outlook	NOUN
dem-1065	50	22	.	.	PUNCT
dem-1065	51	1	the	the	DET
dem-1065	51	2	rating	rating	NOUN
dem-1065	51	3	was	be	AUX
dem-1065	51	4	lowered	lower	VERB
dem-1065	51	5	again	again	ADV
dem-1065	51	6	on	on	ADP
dem-1065	51	7	november	november	PROPN
dem-1065	51	8	17th	17th	NOUN
dem-1065	51	9	,	,	PUNCT
dem-1065	51	10	2008	2008	NUM
dem-1065	51	11	and	and	CCONJ
dem-1065	51	12	on	on	ADP
dem-1065	51	13	march	march	PROPN
dem-1065	51	14	30th	30th	NUM
dem-1065	51	15	,	,	PUNCT
dem-1065	51	16	2009	2009	NUM
dem-1065	51	17	.	.	PUNCT
dem-1065	52	1	the	the	DET
dem-1065	52	2	changes	change	NOUN
dem-1065	52	3	in	in	ADP
dem-1065	52	4	ratings	rating	NOUN
dem-1065	52	5	appeared	appear	VERB
dem-1065	52	6	rather	rather	ADV
dem-1065	52	7	seldom	seldom	ADV
dem-1065	52	8	and	and	CCONJ
dem-1065	52	9	were	be	AUX
dem-1065	52	10	not	not	PART
dem-1065	52	11	as	as	ADV
dem-1065	52	12	sharp	sharp	ADJ
dem-1065	52	13	as	as	SCONJ
dem-1065	52	14	the	the	DET
dem-1065	52	15	dynamics	dynamic	NOUN
dem-1065	52	16	of	of	ADP
dem-1065	52	17	the	the	DET
dem-1065	52	18	cds	cd	NOUN
dem-1065	52	19	prices	price	NOUN
dem-1065	52	20	could	could	AUX
dem-1065	52	21	suggest	suggest	VERB
dem-1065	52	22	.	.	PUNCT
dem-1065	53	1	in	in	ADP
dem-1065	53	2	the	the	DET
dem-1065	53	3	second	second	ADJ
dem-1065	53	4	half	half	NOUN
dem-1065	53	5	of	of	ADP
dem-1065	53	6	2009	2009	NUM
dem-1065	53	7	the	the	DET
dem-1065	53	8	situation	situation	NOUN
dem-1065	53	9	stabilised	stabilise	VERB
dem-1065	53	10	.	.	PUNCT
dem-1065	54	1	since	since	SCONJ
dem-1065	54	2	the	the	DET
dem-1065	54	3	beginning	beginning	NOUN
dem-1065	54	4	of	of	ADP
dem-1065	54	5	2010	2010	NUM
dem-1065	54	6	the	the	DET
dem-1065	54	7	cds	cds	PROPN
dem-1065	54	8	premia	premia	PROPN
dem-1065	54	9	in	in	ADP
dem-1065	54	10	the	the	DET
dem-1065	54	11	three	three	NUM
dem-1065	54	12	countries	country	NOUN
dem-1065	54	13	decreased	decrease	VERB
dem-1065	54	14	,	,	PUNCT
dem-1065	54	15	falling	fall	VERB
dem-1065	54	16	to	to	ADP
dem-1065	54	17	the	the	DET
dem-1065	54	18	lowest	low	ADJ
dem-1065	54	19	levels	level	NOUN
dem-1065	54	20	since	since	SCONJ
dem-1065	54	21	september	september	PROPN
dem-1065	54	22	2008	2008	NUM
dem-1065	54	23	.	.	PUNCT
dem-1065	55	1	however	however	ADV
dem-1065	55	2	,	,	PUNCT
dem-1065	55	3	in	in	ADP
dem-1065	55	4	may	may	PROPN
dem-1065	55	5	2010	2010	NUM
dem-1065	55	6	the	the	DET
dem-1065	55	7	rise	rise	NOUN
dem-1065	55	8	in	in	ADP
dem-1065	55	9	risk	risk	NOUN
dem-1065	55	10	aversion	aversion	NOUN
dem-1065	55	11	connected	connect	VERB
dem-1065	55	12	with	with	ADP
dem-1065	55	13	greek	greek	ADJ
dem-1065	55	14	insolvency	insolvency	NOUN
dem-1065	55	15	affected	affect	VERB
dem-1065	55	16	also	also	ADV
dem-1065	55	17	the	the	DET
dem-1065	55	18	central	central	ADJ
dem-1065	55	19	european	european	ADJ
dem-1065	55	20	cds	cd	NOUN
dem-1065	55	21	market	market	NOUN
dem-1065	55	22	.	.	PUNCT
dem-1065	56	1	thus	thus	ADV
dem-1065	56	2	,	,	PUNCT
dem-1065	56	3	we	we	PRON
dem-1065	56	4	could	could	AUX
dem-1065	56	5	observe	observe	VERB
dem-1065	56	6	the	the	DET
dem-1065	56	7	rise	rise	NOUN
dem-1065	56	8	in	in	ADP
dem-1065	56	9	the	the	DET
dem-1065	56	10	cds	cds	PROPN
dem-1065	56	11	premia	premia	NOUN
dem-1065	56	12	to	to	ADP
dem-1065	56	13	the	the	DET
dem-1065	56	14	level	level	NOUN
dem-1065	56	15	recorded	record	VERB
dem-1065	56	16	in	in	ADP
dem-1065	56	17	the	the	DET
dem-1065	56	18	second	second	ADJ
dem-1065	56	19	quarter	quarter	NOUN
dem-1065	56	20	of	of	ADP
dem-1065	56	21	2009	2009	NUM
dem-1065	56	22	.	.	PUNCT
dem-1065	57	1	on	on	ADP
dem-1065	57	2	may	may	PROPN
dem-1065	57	3	9th	9th	NOUN
dem-1065	57	4	,	,	PUNCT
dem-1065	57	5	the	the	DET
dem-1065	57	6	european	european	ADJ
dem-1065	57	7	stabilisation	stabilisation	NOUN
dem-1065	57	8	mechanism	mechanism	NOUN
dem-1065	57	9	has	have	VERB
dem-1065	57	10	agata	agata	PROPN
dem-1065	57	11	kliber	kliber	PROPN
dem-1065	57	12	114	114	NUM
dem-1065	57	13	been	be	AUX
dem-1065	57	14	announced	announce	VERB
dem-1065	57	15	and	and	CCONJ
dem-1065	57	16	shortly	shortly	ADV
dem-1065	57	17	afterwards	afterwards	ADV
dem-1065	57	18	the	the	DET
dem-1065	57	19	risk	risk	NOUN
dem-1065	57	20	assessment	assessment	NOUN
dem-1065	57	21	of	of	ADP
dem-1065	57	22	central	central	ADJ
dem-1065	57	23	european	european	ADJ
dem-1065	57	24	bonds	bond	NOUN
dem-1065	57	25	improved	improve	VERB
dem-1065	57	26	(	(	PUNCT
dem-1065	57	27	nbp	nbp	PROPN
dem-1065	57	28	,	,	PUNCT
dem-1065	57	29	2010	2010	NUM
dem-1065	57	30	)	)	PUNCT
dem-1065	57	31	.	.	PUNCT
dem-1065	58	1	however	however	ADV
dem-1065	58	2	,	,	PUNCT
dem-1065	58	3	in	in	ADP
dem-1065	58	4	june	june	PROPN
dem-1065	58	5	it	it	PRON
dem-1065	58	6	rose	rise	VERB
dem-1065	58	7	again	again	ADV
dem-1065	58	8	.	.	PUNCT
dem-1065	59	1	the	the	DET
dem-1065	59	2	highest	high	ADJ
dem-1065	59	3	growth	growth	NOUN
dem-1065	59	4	was	be	AUX
dem-1065	59	5	observed	observe	VERB
dem-1065	59	6	in	in	ADP
dem-1065	59	7	hungary	hungary	PROPN
dem-1065	59	8	.	.	PUNCT
dem-1065	60	1	this	this	DET
dem-1065	60	2	growth	growth	NOUN
dem-1065	60	3	of	of	ADP
dem-1065	60	4	the	the	DET
dem-1065	60	5	cds	cd	NOUN
dem-1065	60	6	premium	premium	NOUN
dem-1065	60	7	in	in	ADP
dem-1065	60	8	hungary	hungary	PROPN
dem-1065	60	9	can	can	AUX
dem-1065	60	10	be	be	AUX
dem-1065	60	11	also	also	ADV
dem-1065	60	12	explained	explain	VERB
dem-1065	60	13	by	by	ADP
dem-1065	60	14	the	the	DET
dem-1065	60	15	worsening	worsen	VERB
dem-1065	60	16	economic	economic	ADJ
dem-1065	60	17	situation	situation	NOUN
dem-1065	60	18	of	of	ADP
dem-1065	60	19	the	the	DET
dem-1065	60	20	country	country	NOUN
dem-1065	60	21	.	.	PUNCT
dem-1065	61	1	already	already	ADV
dem-1065	61	2	on	on	ADP
dem-1065	61	3	june	june	PROPN
dem-1065	61	4	3rd	3rd	NOUN
dem-1065	61	5	,	,	PUNCT
dem-1065	61	6	a	a	DET
dem-1065	61	7	leader	leader	NOUN
dem-1065	61	8	of	of	ADP
dem-1065	61	9	the	the	DET
dem-1065	61	10	ruling	rule	VERB
dem-1065	61	11	fidesz	fidesz	NOUN
dem-1065	61	12	party	party	NOUN
dem-1065	61	13	said	say	VERB
dem-1065	61	14	that	that	SCONJ
dem-1065	61	15	the	the	DET
dem-1065	61	16	country	country	NOUN
dem-1065	61	17	's	's	PART
dem-1065	61	18	finances	finance	NOUN
dem-1065	61	19	were	be	AUX
dem-1065	61	20	in	in	ADP
dem-1065	61	21	much	much	ADV
dem-1065	61	22	worse	bad	ADJ
dem-1065	61	23	condition	condition	NOUN
dem-1065	61	24	than	than	SCONJ
dem-1065	61	25	previously	previously	ADV
dem-1065	61	26	expected	expect	VERB
dem-1065	61	27	.	.	PUNCT
dem-1065	62	1	also	also	ADV
dem-1065	62	2	the	the	DET
dem-1065	62	3	vice	vice	NOUN
dem-1065	62	4	chairman	chairman	NOUN
dem-1065	62	5	of	of	ADP
dem-1065	62	6	fidesz	fidesz	NOUN
dem-1065	62	7	party	party	PROPN
dem-1065	62	8	stated	state	VERB
dem-1065	62	9	that	that	SCONJ
dem-1065	62	10	there	there	PRON
dem-1065	62	11	was	be	VERB
dem-1065	62	12	only	only	ADV
dem-1065	62	13	a	a	DET
dem-1065	62	14	slim	slim	ADJ
dem-1065	62	15	chance	chance	NOUN
dem-1065	62	16	to	to	PART
dem-1065	62	17	avoid	avoid	VERB
dem-1065	62	18	greek	greek	ADJ
dem-1065	62	19	scenario	scenario	NOUN
dem-1065	62	20	(	(	PUNCT
dem-1065	62	21	according	accord	VERB
dem-1065	62	22	to	to	ADP
dem-1065	62	23	:	:	PUNCT
dem-1065	62	24	www.napi.hu	www.napi.hu	PROPN
dem-1065	62	25	)	)	PUNCT
dem-1065	62	26	.	.	PUNCT
dem-1065	63	1	in	in	ADP
dem-1065	63	2	consequence	consequence	NOUN
dem-1065	63	3	,	,	PUNCT
dem-1065	63	4	the	the	DET
dem-1065	63	5	five	five	NUM
dem-1065	63	6	-	-	PUNCT
dem-1065	63	7	year	year	NOUN
dem-1065	63	8	credit	credit	NOUN
dem-1065	63	9	default	default	NOUN
dem-1065	63	10	swaps	swap	NOUN
dem-1065	63	11	on	on	ADP
dem-1065	63	12	hungary	hungary	PROPN
dem-1065	63	13	rose	rise	VERB
dem-1065	63	14	by	by	ADP
dem-1065	63	15	58	58	NUM
dem-1065	63	16	basis	basis	NOUN
dem-1065	63	17	points	point	NOUN
dem-1065	63	18	to	to	ADP
dem-1065	63	19	320	320	NUM
dem-1065	63	20	basis	basis	NOUN
dem-1065	63	21	points	point	NOUN
dem-1065	63	22	,	,	PUNCT
dem-1065	63	23	which	which	PRON
dem-1065	63	24	is	be	AUX
dem-1065	63	25	reflected	reflect	VERB
dem-1065	63	26	in	in	ADP
dem-1065	63	27	figure	figure	NOUN
dem-1065	63	28	1	1	NUM
dem-1065	63	29	.	.	PUNCT
dem-1065	64	1	on	on	ADP
dem-1065	64	2	june	june	PROPN
dem-1065	64	3	12th	12th	NOUN
dem-1065	64	4	,	,	PUNCT
dem-1065	64	5	moody	moody	NOUN
dem-1065	64	6	changed	change	VERB
dem-1065	64	7	its	its	PRON
dem-1065	64	8	rating	rating	NOUN
dem-1065	64	9	for	for	ADP
dem-1065	64	10	hungary	hungary	PROPN
dem-1065	64	11	from	from	ADP
dem-1065	64	12	baa1	baa1	PROPN
dem-1065	64	13	to	to	AUX
dem-1065	64	14	baa3	baa3	PROPN
dem-1065	64	15	with	with	ADP
dem-1065	64	16	negative	negative	ADJ
dem-1065	64	17	outlook	outlook	NOUN
dem-1065	64	18	.	.	PUNCT
dem-1065	65	1	again	again	ADV
dem-1065	65	2	,	,	PUNCT
dem-1065	65	3	on	on	ADP
dem-1065	65	4	july	july	PROPN
dem-1065	65	5	17th	17th	NOUN
dem-1065	65	6	the	the	DET
dem-1065	65	7	eu	eu	PROPN
dem-1065	65	8	and	and	CCONJ
dem-1065	65	9	imf	imf	PROPN
dem-1065	65	10	suspended	suspend	VERB
dem-1065	65	11	a	a	DET
dem-1065	65	12	review	review	NOUN
dem-1065	65	13	of	of	ADP
dem-1065	65	14	hungary	hungary	PROPN
dem-1065	65	15	’s	’s	PART
dem-1065	65	16	funding	funding	NOUN
dem-1065	65	17	program	program	NOUN
dem-1065	65	18	(	(	PUNCT
dem-1065	65	19	which	which	PRON
dem-1065	65	20	had	have	AUX
dem-1065	65	21	been	be	AUX
dem-1065	65	22	set	set	VERB
dem-1065	65	23	up	up	ADP
dem-1065	65	24	in	in	ADP
dem-1065	65	25	2008	2008	NUM
dem-1065	65	26	to	to	PART
dem-1065	65	27	save	save	VERB
dem-1065	65	28	the	the	DET
dem-1065	65	29	country	country	NOUN
dem-1065	65	30	from	from	ADP
dem-1065	65	31	financial	financial	ADJ
dem-1065	65	32	problems	problem	NOUN
dem-1065	65	33	)	)	PUNCT
dem-1065	65	34	and	and	CCONJ
dem-1065	65	35	said	say	VERB
dem-1065	65	36	that	that	SCONJ
dem-1065	65	37	the	the	DET
dem-1065	65	38	country	country	NOUN
dem-1065	65	39	must	must	AUX
dem-1065	65	40	have	have	AUX
dem-1065	65	41	taken	take	VERB
dem-1065	65	42	action	action	NOUN
dem-1065	65	43	to	to	PART
dem-1065	65	44	meet	meet	VERB
dem-1065	65	45	targets	target	NOUN
dem-1065	65	46	for	for	ADP
dem-1065	65	47	cutting	cut	VERB
dem-1065	65	48	its	its	PRON
dem-1065	65	49	budget	budget	NOUN
dem-1065	65	50	deficits	deficit	NOUN
dem-1065	65	51	.	.	PUNCT
dem-1065	66	1	the	the	DET
dem-1065	66	2	suspension	suspension	NOUN
dem-1065	66	3	meant	mean	VERB
dem-1065	66	4	that	that	SCONJ
dem-1065	66	5	hungary	hungary	PROPN
dem-1065	66	6	would	would	AUX
dem-1065	66	7	not	not	PART
dem-1065	66	8	have	have	VERB
dem-1065	66	9	access	access	NOUN
dem-1065	66	10	to	to	ADP
dem-1065	66	11	the	the	DET
dem-1065	66	12	remaining	remain	VERB
dem-1065	66	13	funds	fund	NOUN
dem-1065	66	14	in	in	ADP
dem-1065	66	15	its	its	PRON
dem-1065	66	16	loan	loan	NOUN
dem-1065	66	17	package	package	NOUN
dem-1065	66	18	.	.	PUNCT
dem-1065	67	1	this	this	DET
dem-1065	67	2	event	event	NOUN
dem-1065	67	3	could	could	AUX
dem-1065	67	4	have	have	AUX
dem-1065	67	5	contributed	contribute	VERB
dem-1065	67	6	to	to	ADP
dem-1065	67	7	the	the	DET
dem-1065	67	8	increase	increase	NOUN
dem-1065	67	9	of	of	ADP
dem-1065	67	10	the	the	DET
dem-1065	67	11	cds	cd	NOUN
dem-1065	67	12	price	price	NOUN
dem-1065	67	13	in	in	ADP
dem-1065	67	14	the	the	DET
dem-1065	67	15	second	second	ADJ
dem-1065	67	16	half	half	NOUN
dem-1065	67	17	of	of	ADP
dem-1065	67	18	july	july	PROPN
dem-1065	67	19	.	.	PUNCT
dem-1065	68	1	eventually	eventually	ADV
dem-1065	68	2	,	,	PUNCT
dem-1065	68	3	the	the	DET
dem-1065	68	4	pick	pick	NOUN
dem-1065	68	5	of	of	ADP
dem-1065	68	6	the	the	DET
dem-1065	68	7	cds	cds	PROPN
dem-1065	68	8	price	price	NOUN
dem-1065	68	9	in	in	ADP
dem-1065	68	10	november	november	PROPN
dem-1065	68	11	can	can	AUX
dem-1065	68	12	be	be	AUX
dem-1065	68	13	explained	explain	VERB
dem-1065	68	14	by	by	ADP
dem-1065	68	15	the	the	DET
dem-1065	68	16	reforms	reform	NOUN
dem-1065	68	17	of	of	ADP
dem-1065	68	18	the	the	DET
dem-1065	68	19	pension	pension	NOUN
dem-1065	68	20	system	system	NOUN
dem-1065	68	21	announced	announce	VERB
dem-1065	68	22	by	by	ADP
dem-1065	68	23	the	the	DET
dem-1065	68	24	hungarian	hungarian	ADJ
dem-1065	68	25	government	government	NOUN
dem-1065	68	26	.	.	PUNCT
dem-1065	69	1	figure	figure	VERB
dem-1065	69	2	1	1	NUM
dem-1065	69	3	.	.	PUNCT
dem-1065	70	1	corporate	corporate	ADJ
dem-1065	70	2	5	5	NUM
dem-1065	70	3	-	-	PUNCT
dem-1065	70	4	year	year	NOUN
dem-1065	70	5	cds	cd	NOUN
dem-1065	70	6	spreads	spread	VERB
dem-1065	70	7	in	in	ADP
dem-1065	70	8	bps	bps	NOUN
dem-1065	70	9	for	for	ADP
dem-1065	70	10	czech	czech	PROPN
dem-1065	70	11	republic	republic	NOUN
dem-1065	70	12	,	,	PUNCT
dem-1065	70	13	poland	poland	PROPN
dem-1065	70	14	and	and	CCONJ
dem-1065	70	15	hungary	hungary	PROPN
dem-1065	70	16	2.1	2.1	NUM
dem-1065	70	17	.	.	PUNCT
dem-1065	71	1	data	datum	NOUN
dem-1065	71	2	description	description	NOUN
dem-1065	71	3	as	as	SCONJ
dem-1065	71	4	already	already	ADV
dem-1065	71	5	said	say	VERB
dem-1065	71	6	,	,	PUNCT
dem-1065	71	7	the	the	DET
dem-1065	71	8	analysed	analyse	VERB
dem-1065	71	9	sample	sample	NOUN
dem-1065	71	10	covered	cover	VERB
dem-1065	71	11	the	the	DET
dem-1065	71	12	period	period	NOUN
dem-1065	71	13	from	from	ADP
dem-1065	71	14	march	march	PROPN
dem-1065	71	15	2008	2008	NUM
dem-1065	71	16	to	to	ADP
dem-1065	71	17	march	march	PROPN
dem-1065	71	18	2011	2011	NUM
dem-1065	71	19	and	and	CCONJ
dem-1065	71	20	consisted	consist	VERB
dem-1065	71	21	of	of	ADP
dem-1065	71	22	796	796	NUM
dem-1065	71	23	observations	observation	NOUN
dem-1065	71	24	.	.	PUNCT
dem-1065	72	1	the	the	DET
dem-1065	72	2	data	datum	NOUN
dem-1065	72	3	was	be	AUX
dem-1065	72	4	provided	provide	VERB
dem-1065	72	5	by	by	ADP
dem-1065	72	6	bloomberg	bloomberg	PROPN
dem-1065	72	7	.	.	PUNCT
dem-1065	73	1	obviously	obviously	ADV
dem-1065	73	2	,	,	PUNCT
dem-1065	73	3	the	the	DET
dem-1065	73	4	spreads	spread	NOUN
dem-1065	73	5	were	be	AUX
dem-1065	73	6	not	not	PART
dem-1065	73	7	stationary	stationary	ADJ
dem-1065	73	8	,	,	PUNCT
dem-1065	73	9	so	so	SCONJ
dem-1065	73	10	we	we	PRON
dem-1065	73	11	run	run	VERB
dem-1065	73	12	all	all	DET
dem-1065	73	13	our	our	PRON
dem-1065	73	14	tests	test	NOUN
dem-1065	73	15	on	on	ADP
dem-1065	73	16	the	the	DET
dem-1065	73	17	changes	change	NOUN
dem-1065	73	18	of	of	ADP
dem-1065	73	19	the	the	DET
dem-1065	73	20	prices	price	NOUN
dem-1065	73	21	(	(	PUNCT
dem-1065	73	22	t	t	NOUN
dem-1065	73	23	t	t	PROPN
dem-1065	73	24	tp	tp	PROPN
dem-1065	73	25	p	p	PROPN
dem-1065	73	26	)	)	PUNCT
dem-1065	73	27	.	.	PUNCT
dem-1065	74	1	we	we	PRON
dem-1065	74	2	did	do	AUX
dem-1065	74	3	not	not	PART
dem-1065	74	4	take	take	VERB
dem-1065	74	5	the	the	DET
dem-1065	74	6	logarithms	logarithm	NOUN
dem-1065	74	7	of	of	ADP
dem-1065	74	8	the	the	DET
dem-1065	74	9	increments	increment	NOUN
dem-1065	74	10	to	to	PART
dem-1065	74	11	avoid	avoid	VERB
dem-1065	74	12	problems	problem	NOUN
dem-1065	74	13	with	with	ADP
dem-1065	74	14	interpretation	interpretation	NOUN
dem-1065	74	15	of	of	ADP
dem-1065	74	16	such	such	ADJ
dem-1065	74	17	transformed	transform	VERB
dem-1065	74	18	series	series	NOUN
dem-1065	74	19	(	(	PUNCT
dem-1065	74	20	the	the	DET
dem-1065	74	21	prices	price	NOUN
dem-1065	74	22	of	of	ADP
dem-1065	74	23	the	the	DET
dem-1065	74	24	cds	cd	NOUN
dem-1065	74	25	contracts	contract	NOUN
dem-1065	74	26	are	be	AUX
dem-1065	74	27	expressed	express	VERB
dem-1065	74	28	in	in	ADP
dem-1065	74	29	basis	basis	NOUN
dem-1065	74	30	points	point	NOUN
dem-1065	74	31	)	)	PUNCT
dem-1065	74	32	.	.	PUNCT
dem-1065	75	1	sovereign	sovereign	ADJ
dem-1065	75	2	cds	cd	NOUN
dem-1065	75	3	instruments	instrument	NOUN
dem-1065	75	4	in	in	ADP
dem-1065	75	5	central	central	PROPN
dem-1065	75	6	europe	europe	PROPN
dem-1065	75	7	–	–	PUNCT
dem-1065	75	8	linkages	linkage	NOUN
dem-1065	75	9	and	and	CCONJ
dem-1065	75	10	interdependence	interdependence	NOUN
dem-1065	75	11	115	115	NUM
dem-1065	75	12	table	table	NOUN
dem-1065	75	13	1	1	NUM
dem-1065	75	14	presents	present	VERB
dem-1065	75	15	the	the	DET
dem-1065	75	16	descriptive	descriptive	ADJ
dem-1065	75	17	statistics	statistic	NOUN
dem-1065	75	18	of	of	ADP
dem-1065	75	19	the	the	DET
dem-1065	75	20	increments	increment	NOUN
dem-1065	75	21	of	of	ADP
dem-1065	75	22	the	the	DET
dem-1065	75	23	daily	daily	ADJ
dem-1065	75	24	changes	change	NOUN
dem-1065	75	25	of	of	ADP
dem-1065	75	26	the	the	DET
dem-1065	75	27	prices	price	NOUN
dem-1065	75	28	for	for	ADP
dem-1065	75	29	czech	czech	PROPN
dem-1065	75	30	republic	republic	NOUN
dem-1065	75	31	,	,	PUNCT
dem-1065	75	32	hungary	hungary	PROPN
dem-1065	75	33	and	and	CCONJ
dem-1065	75	34	poland	poland	PROPN
dem-1065	75	35	.	.	PUNCT
dem-1065	76	1	as	as	SCONJ
dem-1065	76	2	expected	expect	VERB
dem-1065	76	3	,	,	PUNCT
dem-1065	76	4	the	the	DET
dem-1065	76	5	highest	high	ADJ
dem-1065	76	6	deviation	deviation	NOUN
dem-1065	76	7	is	be	AUX
dem-1065	76	8	observed	observe	VERB
dem-1065	76	9	in	in	ADP
dem-1065	76	10	case	case	NOUN
dem-1065	76	11	of	of	ADP
dem-1065	76	12	the	the	DET
dem-1065	76	13	hungarian	hungarian	ADJ
dem-1065	76	14	instruments	instrument	NOUN
dem-1065	76	15	,	,	PUNCT
dem-1065	76	16	while	while	SCONJ
dem-1065	76	17	the	the	DET
dem-1065	76	18	lowest	low	ADJ
dem-1065	76	19	–	–	PUNCT
dem-1065	76	20	in	in	ADP
dem-1065	76	21	case	case	NOUN
dem-1065	76	22	of	of	ADP
dem-1065	76	23	the	the	DET
dem-1065	76	24	czech	czech	ADJ
dem-1065	76	25	ones	one	NOUN
dem-1065	76	26	.	.	PUNCT
dem-1065	77	1	table	table	NOUN
dem-1065	77	2	1	1	NUM
dem-1065	77	3	.	.	PUNCT
dem-1065	77	4	descriptive	descriptive	ADJ
dem-1065	77	5	statistics	statistic	NOUN
dem-1065	77	6	of	of	ADP
dem-1065	77	7	the	the	DET
dem-1065	77	8	price	price	NOUN
dem-1065	77	9	changes	change	NOUN
dem-1065	77	10	of	of	ADP
dem-1065	77	11	the	the	DET
dem-1065	77	12	central	central	ADJ
dem-1065	77	13	european	european	ADJ
dem-1065	77	14	cds	cds	PROPN
dem-1065	77	15	variable	variable	ADJ
dem-1065	77	16	min	min	PROPN
dem-1065	77	17	value	value	NOUN
dem-1065	77	18	mean	mean	NOUN
dem-1065	77	19	value	value	NOUN
dem-1065	77	20	max	max	PROPN
dem-1065	77	21	value	value	NOUN
dem-1065	77	22	std	std	PROPN
dem-1065	77	23	.	.	PUNCT
dem-1065	78	1	deviation	deviation	NOUN
dem-1065	78	2	dcds_cz	dcds_cz	NOUN
dem-1065	78	3	-57.503	-57.503	ADP
dem-1065	78	4	0.038	0.038	NUM
dem-1065	78	5	54.998	54.998	NUM
dem-1065	78	6	6.693	6.693	NUM
dem-1065	78	7	dcds_hu	dcds_hu	NOUN
dem-1065	79	1	-83.332	-83.332	PROPN
dem-1065	79	2	0.156	0.156	NUM
dem-1065	79	3	98.033	98.033	NUM
dem-1065	79	4	14.294	14.294	NUM
dem-1065	79	5	dcds_pl	dcds_pl	VERB
dem-1065	79	6	-46.654	-46.654	PUNCT
dem-1065	79	7	0.064	0.064	NUM
dem-1065	79	8	47.333	47.333	NUM
dem-1065	79	9	8.154	8.154	NUM
dem-1065	79	10	date	date	NOUN
dem-1065	79	11	10.03.2008	10.03.2008	NUM
dem-1065	79	12	28.03.2011	28.03.2011	NUM
dem-1065	79	13	3	3	NUM
dem-1065	79	14	.	.	PUNCT
dem-1065	80	1	non	non	ADJ
dem-1065	80	2	-	-	ADJ
dem-1065	80	3	causality	causality	NOUN
dem-1065	80	4	analysis	analysis	NOUN
dem-1065	80	5	–	–	PUNCT
dem-1065	80	6	tests	test	NOUN
dem-1065	80	7	based	base	VERB
dem-1065	80	8	upon	upon	SCONJ
dem-1065	80	9	the	the	DET
dem-1065	80	10	garch	garch	NOUN
dem-1065	80	11	-	-	PUNCT
dem-1065	80	12	type	type	NOUN
dem-1065	80	13	models	model	NOUN
dem-1065	80	14	in	in	ADP
dem-1065	80	15	order	order	NOUN
dem-1065	80	16	to	to	PART
dem-1065	80	17	test	test	VERB
dem-1065	80	18	whether	whether	SCONJ
dem-1065	80	19	expectations	expectation	NOUN
dem-1065	80	20	play	play	VERB
dem-1065	80	21	a	a	DET
dem-1065	80	22	role	role	NOUN
dem-1065	80	23	in	in	ADP
dem-1065	80	24	cds	cd	NOUN
dem-1065	80	25	pricing	pricing	NOUN
dem-1065	80	26	,	,	PUNCT
dem-1065	80	27	we	we	PRON
dem-1065	80	28	tested	test	VERB
dem-1065	80	29	for	for	ADP
dem-1065	80	30	the	the	DET
dem-1065	80	31	volatility	volatility	NOUN
dem-1065	80	32	interactions	interaction	NOUN
dem-1065	80	33	in	in	ADP
dem-1065	80	34	the	the	DET
dem-1065	80	35	cds	cd	NOUN
dem-1065	80	36	prices	price	NOUN
dem-1065	80	37	.	.	PUNCT
dem-1065	81	1	detecting	detect	VERB
dem-1065	81	2	volatility	volatility	NOUN
dem-1065	81	3	spillovers	spillover	NOUN
dem-1065	81	4	in	in	ADP
dem-1065	81	5	the	the	DET
dem-1065	81	6	data	data	NOUN
dem-1065	81	7	is	be	AUX
dem-1065	81	8	the	the	DET
dem-1065	81	9	sign	sign	NOUN
dem-1065	81	10	of	of	ADP
dem-1065	81	11	contagion	contagion	NOUN
dem-1065	81	12	.	.	PUNCT
dem-1065	82	1	the	the	DET
dem-1065	82	2	type	type	NOUN
dem-1065	82	3	of	of	ADP
dem-1065	82	4	contagion	contagion	NOUN
dem-1065	82	5	which	which	PRON
dem-1065	82	6	is	be	AUX
dem-1065	82	7	expectationdriven	expectationdriven	VERB
dem-1065	82	8	is	be	AUX
dem-1065	82	9	called	call	VERB
dem-1065	82	10	sunspot	sunspot	NOUN
dem-1065	82	11	–	–	PUNCT
dem-1065	82	12	see	see	VERB
dem-1065	82	13	e.g.	e.g.	ADV
dem-1065	82	14	(	(	PUNCT
dem-1065	82	15	keister	keister	NOUN
dem-1065	82	16	,	,	PUNCT
dem-1065	82	17	2006	2006	NUM
dem-1065	82	18	)	)	PUNCT
dem-1065	82	19	.	.	PUNCT
dem-1065	83	1	the	the	DET
dem-1065	83	2	occurrence	occurrence	NOUN
dem-1065	83	3	of	of	ADP
dem-1065	83	4	the	the	DET
dem-1065	83	5	sunspot	sunspot	NOUN
dem-1065	83	6	is	be	AUX
dem-1065	83	7	connected	connect	VERB
dem-1065	83	8	with	with	ADP
dem-1065	83	9	the	the	DET
dem-1065	83	10	period	period	NOUN
dem-1065	83	11	of	of	ADP
dem-1065	83	12	volatility	volatility	NOUN
dem-1065	83	13	growth	growth	NOUN
dem-1065	83	14	–	–	PUNCT
dem-1065	83	15	thus	thus	ADV
dem-1065	83	16	we	we	PRON
dem-1065	83	17	first	first	ADV
dem-1065	83	18	estimate	estimate	VERB
dem-1065	83	19	univariate	univariate	ADJ
dem-1065	83	20	volatility	volatility	NOUN
dem-1065	83	21	models	model	NOUN
dem-1065	83	22	to	to	PART
dem-1065	83	23	test	test	VERB
dem-1065	83	24	for	for	ADP
dem-1065	83	25	possible	possible	ADJ
dem-1065	83	26	moments	moment	NOUN
dem-1065	83	27	of	of	ADP
dem-1065	83	28	contagion	contagion	NOUN
dem-1065	83	29	.	.	PUNCT
dem-1065	84	1	3.1	3.1	NUM
dem-1065	84	2	.	.	PUNCT
dem-1065	85	1	volatility	volatility	NOUN
dem-1065	85	2	dynamics	dynamic	NOUN
dem-1065	85	3	of	of	ADP
dem-1065	85	4	the	the	DET
dem-1065	85	5	cds	cd	NOUN
dem-1065	85	6	prices	price	NOUN
dem-1065	85	7	–	–	PUNCT
dem-1065	85	8	a	a	DET
dem-1065	85	9	univariate	univariate	ADJ
dem-1065	85	10	garch	garch	NOUN
dem-1065	85	11	analysis	analysis	NOUN
dem-1065	85	12	to	to	PART
dem-1065	85	13	begin	begin	VERB
dem-1065	85	14	with	with	ADP
dem-1065	85	15	,	,	PUNCT
dem-1065	85	16	we	we	PRON
dem-1065	85	17	first	first	ADV
dem-1065	85	18	fit	fit	ADJ
dem-1065	85	19	univariate	univariate	ADJ
dem-1065	85	20	garch	garch	NOUN
dem-1065	85	21	models	model	NOUN
dem-1065	85	22	to	to	ADP
dem-1065	85	23	the	the	DET
dem-1065	85	24	data	datum	NOUN
dem-1065	85	25	and	and	CCONJ
dem-1065	85	26	searched	search	VERB
dem-1065	85	27	for	for	ADP
dem-1065	85	28	the	the	DET
dem-1065	85	29	moments	moment	NOUN
dem-1065	85	30	of	of	ADP
dem-1065	85	31	higher	high	ADJ
dem-1065	85	32	volatility	volatility	NOUN
dem-1065	85	33	.	.	PUNCT
dem-1065	86	1	as	as	SCONJ
dem-1065	86	2	stated	state	VERB
dem-1065	86	3	before	before	ADV
dem-1065	86	4	,	,	PUNCT
dem-1065	86	5	the	the	DET
dem-1065	86	6	moments	moment	NOUN
dem-1065	86	7	of	of	ADP
dem-1065	86	8	abnormal	abnormal	ADJ
dem-1065	86	9	volatility	volatility	NOUN
dem-1065	86	10	growth	growth	NOUN
dem-1065	86	11	can	can	AUX
dem-1065	86	12	indicate	indicate	VERB
dem-1065	86	13	the	the	DET
dem-1065	86	14	sunspot	sunspot	NOUN
dem-1065	86	15	event	event	NOUN
dem-1065	86	16	.	.	PUNCT
dem-1065	87	1	thus	thus	ADV
dem-1065	87	2	,	,	PUNCT
dem-1065	87	3	we	we	PRON
dem-1065	87	4	fit	fit	VERB
dem-1065	87	5	the	the	DET
dem-1065	87	6	garch	garch	NOUN
dem-1065	87	7	models	model	NOUN
dem-1065	87	8	to	to	ADP
dem-1065	87	9	each	each	PRON
dem-1065	87	10	of	of	ADP
dem-1065	87	11	the	the	DET
dem-1065	87	12	series	series	NOUN
dem-1065	87	13	.	.	PUNCT
dem-1065	88	1	since	since	SCONJ
dem-1065	88	2	in	in	ADP
dem-1065	88	3	each	each	DET
dem-1065	88	4	case	case	NOUN
dem-1065	88	5	the	the	DET
dem-1065	88	6	sum	sum	NOUN
dem-1065	88	7	of	of	ADP
dem-1065	88	8	the	the	DET
dem-1065	88	9	parameters	parameter	NOUN
dem-1065	88	10			X
dem-1065	88	11	and	and	CCONJ
dem-1065	88	12			NOUN
dem-1065	88	13	in	in	ADP
dem-1065	88	14	estimated	estimate	VERB
dem-1065	88	15	garch(1,1	garch(1,1	NOUN
dem-1065	88	16	)	)	PUNCT
dem-1065	88	17	models	model	NOUN
dem-1065	88	18	exceeded	exceed	VERB
dem-1065	88	19	1	1	NUM
dem-1065	88	20	,	,	PUNCT
dem-1065	88	21	we	we	PRON
dem-1065	88	22	decided	decide	VERB
dem-1065	88	23	for	for	ADP
dem-1065	88	24	igarch	igarch	NOUN
dem-1065	88	25	models	model	NOUN
dem-1065	88	26	with	with	ADP
dem-1065	88	27	student	student	NOUN
dem-1065	88	28	distribution	distribution	NOUN
dem-1065	88	29	.	.	PUNCT
dem-1065	89	1	in	in	ADP
dem-1065	89	2	case	case	NOUN
dem-1065	89	3	of	of	ADP
dem-1065	89	4	hungarian	hungarian	ADJ
dem-1065	89	5	and	and	CCONJ
dem-1065	89	6	polish	polish	ADJ
dem-1065	89	7	cds	cd	NOUN
dem-1065	89	8	it	it	PRON
dem-1065	89	9	was	be	AUX
dem-1065	89	10	also	also	ADV
dem-1065	89	11	necessary	necessary	ADJ
dem-1065	89	12	to	to	PART
dem-1065	89	13	account	account	VERB
dem-1065	89	14	for	for	ADP
dem-1065	89	15	arma	arma	ADJ
dem-1065	89	16	effect	effect	NOUN
dem-1065	89	17	in	in	ADP
dem-1065	89	18	the	the	DET
dem-1065	89	19	conditional	conditional	ADJ
dem-1065	89	20	mean	mean	NOUN
dem-1065	89	21	equation	equation	NOUN
dem-1065	89	22	,	,	PUNCT
dem-1065	89	23	as	as	ADV
dem-1065	89	24	well	well	ADV
dem-1065	89	25	as	as	ADP
dem-1065	89	26	to	to	PART
dem-1065	89	27	assume	assume	VERB
dem-1065	89	28	student	student	NOUN
dem-1065	89	29	distribution	distribution	NOUN
dem-1065	89	30	.	.	PUNCT
dem-1065	90	1	each	each	PRON
dem-1065	90	2	of	of	ADP
dem-1065	90	3	the	the	DET
dem-1065	90	4	fitted	fit	VERB
dem-1065	90	5	model	model	NOUN
dem-1065	90	6	was	be	AUX
dem-1065	90	7	successfully	successfully	ADV
dem-1065	90	8	tested	test	VERB
dem-1065	90	9	against	against	ADP
dem-1065	90	10	autocorrelation	autocorrelation	NOUN
dem-1065	90	11	in	in	ADP
dem-1065	90	12	mean	mean	NOUN
dem-1065	90	13	(	(	PUNCT
dem-1065	90	14	box	box	NOUN
dem-1065	90	15	-	-	PUNCT
dem-1065	90	16	pierce	pierce	PROPN
dem-1065	90	17	test	test	NOUN
dem-1065	90	18	)	)	PUNCT
dem-1065	90	19	as	as	ADV
dem-1065	90	20	well	well	ADV
dem-1065	90	21	as	as	ADP
dem-1065	90	22	arch	arch	ADJ
dem-1065	90	23	effect	effect	NOUN
dem-1065	90	24	(	(	PUNCT
dem-1065	90	25	engle	engle	NOUN
dem-1065	90	26	test	test	NOUN
dem-1065	90	27	)	)	PUNCT
dem-1065	90	28	and	and	CCONJ
dem-1065	90	29	stability	stability	NOUN
dem-1065	90	30	of	of	ADP
dem-1065	90	31	the	the	DET
dem-1065	90	32	parameters	parameter	NOUN
dem-1065	90	33	(	(	PUNCT
dem-1065	90	34	nyblom	nyblom	ADJ
dem-1065	90	35	test	test	NOUN
dem-1065	90	36	)	)	PUNCT
dem-1065	90	37	.	.	PUNCT
dem-1065	91	1	all	all	DET
dem-1065	91	2	computations	computation	NOUN
dem-1065	91	3	presented	present	VERB
dem-1065	91	4	in	in	ADP
dem-1065	91	5	this	this	DET
dem-1065	91	6	paragraph	paragraph	NOUN
dem-1065	91	7	were	be	AUX
dem-1065	91	8	performed	perform	VERB
dem-1065	91	9	using	use	VERB
dem-1065	91	10	oxmetrics	oxmetric	NOUN
dem-1065	91	11	6	6	NUM
dem-1065	91	12	with	with	ADP
dem-1065	91	13	package	package	NOUN
dem-1065	91	14	g@rch	g@rch	NOUN
dem-1065	91	15	.	.	PUNCT
dem-1065	92	1	tables	table	NOUN
dem-1065	92	2	2	2	NUM
dem-1065	92	3	–	–	PUNCT
dem-1065	92	4	4	4	NUM
dem-1065	92	5	present	present	VERB
dem-1065	92	6	the	the	DET
dem-1065	92	7	estimated	estimate	VERB
dem-1065	92	8	parameters	parameter	NOUN
dem-1065	92	9	,	,	PUNCT
dem-1065	92	10	while	while	SCONJ
dem-1065	92	11	the	the	DET
dem-1065	92	12	figures	figure	NOUN
dem-1065	92	13	2	2	NUM
dem-1065	92	14	to	to	PART
dem-1065	92	15	4	4	NUM
dem-1065	92	16	the	the	DET
dem-1065	92	17	estimates	estimate	NOUN
dem-1065	92	18	of	of	ADP
dem-1065	92	19	volatilities	volatility	NOUN
dem-1065	92	20	of	of	ADP
dem-1065	92	21	each	each	DET
dem-1065	92	22	time	time	NOUN
dem-1065	92	23	series	series	NOUN
dem-1065	92	24	.	.	PUNCT
dem-1065	93	1	table	table	NOUN
dem-1065	93	2	2	2	NUM
dem-1065	93	3	.	.	PUNCT
dem-1065	93	4	estimates	estimate	NOUN
dem-1065	93	5	of	of	ADP
dem-1065	93	6	arma(0,0)-igarch	arma(0,0)-igarch	NOUN
dem-1065	93	7	model	model	NOUN
dem-1065	93	8	for	for	ADP
dem-1065	93	9	czech	czech	ADJ
dem-1065	93	10	cds	cd	NOUN
dem-1065	93	11	coefficient	coefficient	NOUN
dem-1065	94	1	estimated	estimate	VERB
dem-1065	94	2	value	value	NOUN
dem-1065	94	3	std	std	NOUN
dem-1065	94	4	.	.	PUNCT
dem-1065	94	5	error	error	NOUN
dem-1065	94	6	p	p	NOUN
dem-1065	94	7	-	-	PUNCT
dem-1065	94	8	value	value	NOUN
dem-1065	94	9			NOUN
dem-1065	94	10	0.248	0.248	NUM
dem-1065	94	11	0.181	0.181	NUM
dem-1065	94	12			X
dem-1065	94	13	0.175	0.175	NUM
dem-1065	94	14	0.043	0.043	NUM
dem-1065	94	15	0.000	0.000	NUM
dem-1065	94	16			NOUN
dem-1065	94	17	0.825	0.825	NUM
dem-1065	94	18	note	note	NOUN
dem-1065	94	19	:	:	PUNCT
dem-1065	94	20	all	all	DET
dem-1065	94	21	parameters	parameter	NOUN
dem-1065	94	22	appeared	appear	VERB
dem-1065	94	23	to	to	PART
dem-1065	94	24	be	be	AUX
dem-1065	94	25	stable	stable	ADJ
dem-1065	94	26	,	,	PUNCT
dem-1065	94	27	according	accord	VERB
dem-1065	94	28	to	to	ADP
dem-1065	94	29	the	the	DET
dem-1065	94	30	nyblom	nyblom	PROPN
dem-1065	94	31	stability	stability	NOUN
dem-1065	94	32	test	test	NOUN
dem-1065	94	33	.	.	PUNCT
dem-1065	95	1	agata	agata	PROPN
dem-1065	95	2	kliber	kliber	PROPN
dem-1065	95	3	116	116	NUM
dem-1065	95	4	table	table	NOUN
dem-1065	95	5	3	3	NUM
dem-1065	95	6	.	.	PUNCT
dem-1065	95	7	estimates	estimate	NOUN
dem-1065	95	8	of	of	ADP
dem-1065	95	9	arma(1,0)-igarch(1,1	arma(1,0)-igarch(1,1	NOUN
dem-1065	95	10	)	)	PUNCT
dem-1065	95	11	model	model	NOUN
dem-1065	95	12	for	for	ADP
dem-1065	95	13	polish	polish	ADJ
dem-1065	95	14	cds	cd	NOUN
dem-1065	95	15	coefficient	coefficient	NOUN
dem-1065	95	16	estimated	estimate	VERB
dem-1065	95	17	value	value	NOUN
dem-1065	95	18	std	std	NOUN
dem-1065	95	19	.	.	PUNCT
dem-1065	96	1	error	error	NOUN
dem-1065	96	2	p	p	NOUN
dem-1065	96	3	-	-	PUNCT
dem-1065	96	4	value	value	NOUN
dem-1065	96	5	ar(1	ar(1	NOUN
dem-1065	96	6	)	)	PUNCT
dem-1065	96	7	0.136	0.136	NUM
dem-1065	96	8	0.040	0.040	NUM
dem-1065	96	9	0.001	0.001	NUM
dem-1065	96	10			NOUN
dem-1065	96	11	0.344	0.344	NUM
dem-1065	96	12	0.195	0.195	NUM
dem-1065	96	13			NOUN
dem-1065	96	14	0.188	0.188	NUM
dem-1065	96	15	0.029	0.029	NUM
dem-1065	96	16	0.000	0.000	NUM
dem-1065	96	17			NOUN
dem-1065	96	18	0.812	0.812	NUM
dem-1065	96	19	degrees	degree	NOUN
dem-1065	96	20	of	of	ADP
dem-1065	96	21	freedom	freedom	NOUN
dem-1065	96	22	4.867	4.867	NUM
dem-1065	96	23	0.632	0.632	NUM
dem-1065	96	24	note	note	NOUN
dem-1065	96	25	:	:	PUNCT
dem-1065	96	26	all	all	DET
dem-1065	96	27	parameters	parameter	NOUN
dem-1065	96	28	appeared	appear	VERB
dem-1065	96	29	to	to	PART
dem-1065	96	30	be	be	AUX
dem-1065	96	31	stable	stable	ADJ
dem-1065	96	32	,	,	PUNCT
dem-1065	96	33	according	accord	VERB
dem-1065	96	34	to	to	ADP
dem-1065	96	35	the	the	DET
dem-1065	96	36	nyblom	nyblom	PROPN
dem-1065	96	37	stability	stability	NOUN
dem-1065	96	38	test	test	NOUN
dem-1065	96	39	.	.	PUNCT
dem-1065	97	1	table	table	NOUN
dem-1065	97	2	4	4	NUM
dem-1065	97	3	.	.	PUNCT
dem-1065	97	4	estimates	estimate	NOUN
dem-1065	97	5	of	of	ADP
dem-1065	97	6	arma(0,1)-igarch(1,1	arma(0,1)-igarch(1,1	ADP
dem-1065	97	7	)	)	PUNCT
dem-1065	97	8	model	model	NOUN
dem-1065	97	9	for	for	ADP
dem-1065	97	10	hungarian	hungarian	ADJ
dem-1065	97	11	cds	cd	NOUN
dem-1065	97	12	coefficient	coefficient	NOUN
dem-1065	97	13	estimated	estimate	VERB
dem-1065	97	14	value	value	NOUN
dem-1065	97	15	std	std	NOUN
dem-1065	97	16	.	.	PUNCT
dem-1065	98	1	error	error	NOUN
dem-1065	98	2	p	p	NOUN
dem-1065	98	3	-	-	PUNCT
dem-1065	98	4	value	value	NOUN
dem-1065	98	5	ma(1	ma(1	NOUN
dem-1065	98	6	)	)	PUNCT
dem-1065	98	7	0.163	0.163	NUM
dem-1065	98	8	0.036	0.036	NUM
dem-1065	98	9	0.000	0.000	NUM
dem-1065	98	10			NOUN
dem-1065	98	11	3.616	3.616	NUM
dem-1065	98	12	1.937	1.937	NUM
dem-1065	98	13			NOUN
dem-1065	98	14	0.280	0.280	NUM
dem-1065	98	15	0.088	0.088	NUM
dem-1065	98	16	0.002	0.002	NUM
dem-1065	98	17			NOUN
dem-1065	98	18	0.720	0.720	NUM
dem-1065	98	19	degrees	degree	NOUN
dem-1065	98	20	of	of	ADP
dem-1065	98	21	freedom	freedom	NOUN
dem-1065	98	22	3.881	3.881	NUM
dem-1065	98	23	0.460	0.460	NUM
dem-1065	98	24	note	note	NOUN
dem-1065	98	25	:	:	PUNCT
dem-1065	98	26	all	all	DET
dem-1065	98	27	parameters	parameter	NOUN
dem-1065	98	28	appeared	appear	VERB
dem-1065	98	29	to	to	PART
dem-1065	98	30	be	be	AUX
dem-1065	98	31	stable	stable	ADJ
dem-1065	98	32	,	,	PUNCT
dem-1065	98	33	according	accord	VERB
dem-1065	98	34	to	to	ADP
dem-1065	98	35	the	the	DET
dem-1065	98	36	nyblom	nyblom	PROPN
dem-1065	98	37	stability	stability	NOUN
dem-1065	98	38	test	test	NOUN
dem-1065	98	39	.	.	PUNCT
dem-1065	99	1	we	we	PRON
dem-1065	99	2	plot	plot	VERB
dem-1065	99	3	the	the	DET
dem-1065	99	4	obtained	obtain	VERB
dem-1065	99	5	estimates	estimate	NOUN
dem-1065	99	6	of	of	ADP
dem-1065	99	7	conditional	conditional	ADJ
dem-1065	99	8	variances	variance	NOUN
dem-1065	99	9	in	in	ADP
dem-1065	99	10	figures	figure	NOUN
dem-1065	99	11	2–4	2–4	NUM
dem-1065	99	12	.	.	PUNCT
dem-1065	100	1	we	we	PRON
dem-1065	100	2	can	can	AUX
dem-1065	100	3	observe	observe	VERB
dem-1065	100	4	that	that	SCONJ
dem-1065	100	5	the	the	DET
dem-1065	100	6	moments	moment	NOUN
dem-1065	100	7	of	of	ADP
dem-1065	100	8	volatility	volatility	NOUN
dem-1065	100	9	growth	growth	NOUN
dem-1065	100	10	in	in	ADP
dem-1065	100	11	the	the	DET
dem-1065	100	12	three	three	NUM
dem-1065	100	13	countries	country	NOUN
dem-1065	100	14	overlap	overlap	VERB
dem-1065	100	15	.	.	PUNCT
dem-1065	101	1	the	the	DET
dem-1065	101	2	first	first	ADJ
dem-1065	101	3	one	one	NOUN
dem-1065	101	4	started	start	VERB
dem-1065	101	5	in	in	ADP
dem-1065	101	6	september	september	PROPN
dem-1065	101	7	2008	2008	NUM
dem-1065	101	8	and	and	CCONJ
dem-1065	101	9	was	be	AUX
dem-1065	101	10	most	most	ADV
dem-1065	101	11	probably	probably	ADV
dem-1065	101	12	connected	connect	VERB
dem-1065	101	13	with	with	ADP
dem-1065	101	14	the	the	DET
dem-1065	101	15	worldwide	worldwide	ADJ
dem-1065	101	16	financial	financial	ADJ
dem-1065	101	17	crisis	crisis	NOUN
dem-1065	101	18	.	.	PUNCT
dem-1065	102	1	the	the	DET
dem-1065	102	2	second	second	ADJ
dem-1065	102	3	one	one	NOUN
dem-1065	102	4	started	start	VERB
dem-1065	102	5	in	in	ADP
dem-1065	102	6	may	may	PROPN
dem-1065	102	7	2010	2010	NUM
dem-1065	102	8	and	and	CCONJ
dem-1065	102	9	may	may	AUX
dem-1065	102	10	have	have	VERB
dem-1065	102	11	two	two	NUM
dem-1065	102	12	causes	cause	NOUN
dem-1065	102	13	.	.	PUNCT
dem-1065	103	1	either	either	CCONJ
dem-1065	103	2	it	it	PRON
dem-1065	103	3	was	be	AUX
dem-1065	103	4	the	the	DET
dem-1065	103	5	reaction	reaction	NOUN
dem-1065	103	6	for	for	ADP
dem-1065	103	7	the	the	DET
dem-1065	103	8	greek	greek	ADJ
dem-1065	103	9	crisis	crisis	NOUN
dem-1065	103	10	or	or	CCONJ
dem-1065	103	11	the	the	DET
dem-1065	103	12	echo	echo	NOUN
dem-1065	103	13	of	of	ADP
dem-1065	103	14	the	the	DET
dem-1065	103	15	turmoil	turmoil	NOUN
dem-1065	103	16	in	in	ADP
dem-1065	103	17	hungary	hungary	PROPN
dem-1065	103	18	.	.	PUNCT
dem-1065	104	1	it	it	PRON
dem-1065	104	2	is	be	AUX
dem-1065	104	3	worth	worth	ADJ
dem-1065	104	4	noting	note	VERB
dem-1065	104	5	that	that	SCONJ
dem-1065	104	6	the	the	DET
dem-1065	104	7	second	second	ADJ
dem-1065	104	8	pick	pick	NOUN
dem-1065	104	9	of	of	ADP
dem-1065	104	10	volatility	volatility	NOUN
dem-1065	104	11	was	be	AUX
dem-1065	104	12	much	much	ADV
dem-1065	104	13	smaller	small	ADJ
dem-1065	104	14	in	in	ADP
dem-1065	104	15	the	the	DET
dem-1065	104	16	case	case	NOUN
dem-1065	104	17	of	of	ADP
dem-1065	104	18	czech	czech	ADJ
dem-1065	104	19	cds	cd	NOUN
dem-1065	104	20	price	price	NOUN
dem-1065	104	21	than	than	ADP
dem-1065	104	22	the	the	DET
dem-1065	104	23	one	one	NUM
dem-1065	104	24	observed	observe	VERB
dem-1065	104	25	for	for	ADP
dem-1065	104	26	polish	polish	ADJ
dem-1065	104	27	and	and	CCONJ
dem-1065	104	28	hungarian	hungarian	ADJ
dem-1065	104	29	cds	cd	NOUN
dem-1065	104	30	price	price	NOUN
dem-1065	104	31	.	.	PUNCT
dem-1065	105	1	what	what	PRON
dem-1065	105	2	is	be	AUX
dem-1065	105	3	important	important	ADJ
dem-1065	105	4	,	,	PUNCT
dem-1065	105	5	during	during	ADP
dem-1065	105	6	the	the	DET
dem-1065	105	7	“	"	PUNCT
dem-1065	105	8	second	second	ADJ
dem-1065	105	9	turmoil	turmoil	NOUN
dem-1065	105	10	”	"	PUNCT
dem-1065	105	11	we	we	PRON
dem-1065	105	12	observe	observe	VERB
dem-1065	105	13	the	the	DET
dem-1065	105	14	picks	pick	NOUN
dem-1065	105	15	in	in	ADP
dem-1065	105	16	volatility	volatility	NOUN
dem-1065	105	17	on	on	ADP
dem-1065	105	18	may	may	PROPN
dem-1065	105	19	11th	11th	NOUN
dem-1065	105	20	in	in	ADP
dem-1065	105	21	the	the	DET
dem-1065	105	22	case	case	NOUN
dem-1065	105	23	of	of	ADP
dem-1065	105	24	the	the	DET
dem-1065	105	25	three	three	NUM
dem-1065	105	26	time	time	NOUN
dem-1065	105	27	series	series	NOUN
dem-1065	105	28	.	.	PUNCT
dem-1065	106	1	however	however	ADV
dem-1065	106	2	,	,	PUNCT
dem-1065	106	3	in	in	ADP
dem-1065	106	4	the	the	DET
dem-1065	106	5	case	case	NOUN
dem-1065	106	6	of	of	ADP
dem-1065	106	7	hungary	hungary	PROPN
dem-1065	106	8	,	,	PUNCT
dem-1065	106	9	this	this	DET
dem-1065	106	10	pick	pick	NOUN
dem-1065	106	11	is	be	AUX
dem-1065	106	12	relatively	relatively	ADV
dem-1065	106	13	small	small	ADJ
dem-1065	106	14	as	as	SCONJ
dem-1065	106	15	compared	compare	VERB
dem-1065	106	16	to	to	ADP
dem-1065	106	17	the	the	DET
dem-1065	106	18	one	one	NUM
dem-1065	106	19	observed	observe	VERB
dem-1065	106	20	on	on	ADP
dem-1065	106	21	june	june	PROPN
dem-1065	106	22	7th	7th	PROPN
dem-1065	106	23	,	,	PUNCT
dem-1065	106	24	which	which	PRON
dem-1065	106	25	may	may	AUX
dem-1065	106	26	have	have	AUX
dem-1065	106	27	been	be	AUX
dem-1065	106	28	caused	cause	VERB
dem-1065	106	29	by	by	ADP
dem-1065	106	30	the	the	DET
dem-1065	106	31	statements	statement	NOUN
dem-1065	106	32	of	of	ADP
dem-1065	106	33	the	the	DET
dem-1065	106	34	leaders	leader	NOUN
dem-1065	106	35	of	of	ADP
dem-1065	106	36	the	the	DET
dem-1065	106	37	ruling	rule	VERB
dem-1065	106	38	fidesz	fidesz	NOUN
dem-1065	106	39	party	party	NOUN
dem-1065	106	40	about	about	ADP
dem-1065	106	41	the	the	DET
dem-1065	106	42	very	very	ADV
dem-1065	106	43	poor	poor	ADJ
dem-1065	106	44	economic	economic	ADJ
dem-1065	106	45	situation	situation	NOUN
dem-1065	106	46	of	of	ADP
dem-1065	106	47	the	the	DET
dem-1065	106	48	country	country	NOUN
dem-1065	106	49	.	.	PUNCT
dem-1065	107	1	the	the	DET
dem-1065	107	2	third	third	ADJ
dem-1065	107	3	pick	pick	NOUN
dem-1065	107	4	appeared	appear	VERB
dem-1065	107	5	on	on	ADP
dem-1065	107	6	july	july	PROPN
dem-1065	107	7	21st	21st	NOUN
dem-1065	107	8	and	and	CCONJ
dem-1065	107	9	was	be	AUX
dem-1065	107	10	most	most	ADV
dem-1065	107	11	probably	probably	ADV
dem-1065	107	12	the	the	DET
dem-1065	107	13	consequence	consequence	NOUN
dem-1065	107	14	of	of	ADP
dem-1065	107	15	the	the	DET
dem-1065	107	16	suspension	suspension	NOUN
dem-1065	107	17	of	of	ADP
dem-1065	107	18	the	the	DET
dem-1065	107	19	funding	funding	NOUN
dem-1065	107	20	program	program	NOUN
dem-1065	107	21	for	for	ADP
dem-1065	107	22	hungary	hungary	PROPN
dem-1065	107	23	.	.	PUNCT
dem-1065	108	1	figure	figure	NOUN
dem-1065	108	2	2	2	NUM
dem-1065	108	3	.	.	PUNCT
dem-1065	108	4	estimates	estimate	NOUN
dem-1065	108	5	of	of	ADP
dem-1065	108	6	conditional	conditional	ADJ
dem-1065	108	7	variance	variance	NOUN
dem-1065	108	8	for	for	ADP
dem-1065	108	9	czech	czech	ADJ
dem-1065	108	10	cds	cd	NOUN
dem-1065	108	11	sovereign	sovereign	ADJ
dem-1065	108	12	cds	cd	NOUN
dem-1065	108	13	instruments	instrument	NOUN
dem-1065	108	14	in	in	ADP
dem-1065	108	15	central	central	PROPN
dem-1065	108	16	europe	europe	PROPN
dem-1065	108	17	–	–	PUNCT
dem-1065	108	18	linkages	linkage	NOUN
dem-1065	108	19	and	and	CCONJ
dem-1065	108	20	interdependence	interdependence	NOUN
dem-1065	108	21	117	117	NUM
dem-1065	108	22	figure	figure	NOUN
dem-1065	108	23	3	3	NUM
dem-1065	108	24	.	.	PUNCT
dem-1065	108	25	estimates	estimate	NOUN
dem-1065	108	26	of	of	ADP
dem-1065	108	27	conditional	conditional	ADJ
dem-1065	108	28	variance	variance	NOUN
dem-1065	108	29	for	for	ADP
dem-1065	108	30	polish	polish	ADJ
dem-1065	108	31	cds	cd	NOUN
dem-1065	108	32	figure	figure	NOUN
dem-1065	108	33	4	4	NUM
dem-1065	108	34	.	.	PUNCT
dem-1065	108	35	estimates	estimate	NOUN
dem-1065	108	36	of	of	ADP
dem-1065	108	37	conditional	conditional	ADJ
dem-1065	108	38	variance	variance	NOUN
dem-1065	108	39	of	of	ADP
dem-1065	108	40	hungarian	hungarian	ADJ
dem-1065	108	41	cds	cd	NOUN
dem-1065	108	42	3.2	3.2	NUM
dem-1065	108	43	.	.	PUNCT
dem-1065	109	1	non	non	ADJ
dem-1065	109	2	-	-	ADJ
dem-1065	109	3	causality	causality	ADJ
dem-1065	109	4	test	test	NOUN
dem-1065	109	5	of	of	ADP
dem-1065	109	6	cheung	cheung	PROPN
dem-1065	109	7	and	and	CCONJ
dem-1065	109	8	ng	ng	PROPN
dem-1065	109	9	based	base	VERB
dem-1065	109	10	upon	upon	SCONJ
dem-1065	109	11	the	the	DET
dem-1065	109	12	obtained	obtain	VERB
dem-1065	109	13	estimates	estimate	NOUN
dem-1065	109	14	of	of	ADP
dem-1065	109	15	the	the	DET
dem-1065	109	16	volatility	volatility	NOUN
dem-1065	109	17	of	of	ADP
dem-1065	109	18	the	the	DET
dem-1065	109	19	cds	cd	NOUN
dem-1065	109	20	contracts	contract	NOUN
dem-1065	109	21	,	,	PUNCT
dem-1065	109	22	we	we	PRON
dem-1065	109	23	computed	compute	VERB
dem-1065	109	24	the	the	DET
dem-1065	109	25	statistics	statistic	NOUN
dem-1065	109	26	of	of	ADP
dem-1065	109	27	the	the	DET
dem-1065	109	28	non	non	ADJ
dem-1065	109	29	-	-	ADJ
dem-1065	109	30	causality	causality	NOUN
dem-1065	109	31	test	test	NOUN
dem-1065	109	32	of	of	ADP
dem-1065	109	33	cheung	cheung	PROPN
dem-1065	109	34	and	and	CCONJ
dem-1065	109	35	ng	ng	PROPN
dem-1065	109	36	(	(	PUNCT
dem-1065	109	37	1996	1996	NUM
dem-1065	109	38	)	)	PUNCT
dem-1065	109	39	–	–	PUNCT
dem-1065	109	40	see	see	VERB
dem-1065	109	41	the	the	DET
dem-1065	109	42	appendix	appendix	NOUN
dem-1065	109	43	for	for	ADP
dem-1065	109	44	details	detail	NOUN
dem-1065	109	45	.	.	PUNCT
dem-1065	110	1	the	the	DET
dem-1065	110	2	statistics	statistic	NOUN
dem-1065	110	3	are	be	AUX
dem-1065	110	4	used	use	VERB
dem-1065	110	5	to	to	PART
dem-1065	110	6	test	test	VERB
dem-1065	110	7	the	the	DET
dem-1065	110	8	null	null	ADJ
dem-1065	110	9	hypothesis	hypothesis	NOUN
dem-1065	110	10	of	of	ADP
dem-1065	110	11	no	no	DET
dem-1065	110	12	causality	causality	NOUN
dem-1065	110	13	in	in	ADP
dem-1065	110	14	variance	variance	NOUN
dem-1065	110	15	.	.	PUNCT
dem-1065	111	1	table	table	NOUN
dem-1065	111	2	5	5	NUM
dem-1065	111	3	presents	present	VERB
dem-1065	111	4	the	the	DET
dem-1065	111	5	results	result	NOUN
dem-1065	111	6	.	.	PUNCT
dem-1065	112	1	in	in	ADP
dem-1065	112	2	all	all	DET
dem-1065	112	3	the	the	DET
dem-1065	112	4	cases	case	NOUN
dem-1065	112	5	the	the	DET
dem-1065	112	6	null	null	NOUN
dem-1065	112	7	of	of	ADP
dem-1065	112	8	no	no	DET
dem-1065	112	9	causality	causality	NOUN
dem-1065	112	10	was	be	AUX
dem-1065	112	11	rejected	reject	VERB
dem-1065	112	12	.	.	PUNCT
dem-1065	113	1	however	however	ADV
dem-1065	113	2	,	,	PUNCT
dem-1065	113	3	the	the	DET
dem-1065	113	4	highest	high	ADJ
dem-1065	113	5	value	value	NOUN
dem-1065	113	6	took	take	VERB
dem-1065	113	7	the	the	DET
dem-1065	113	8	statistics	statistic	NOUN
dem-1065	113	9	obtained	obtain	VERB
dem-1065	113	10	for	for	ADP
dem-1065	113	11	hungarian	hungarian	ADJ
dem-1065	113	12	and	and	CCONJ
dem-1065	113	13	polish	polish	ADJ
dem-1065	113	14	cds	cd	NOUN
dem-1065	113	15	variances	variance	NOUN
dem-1065	113	16	.	.	PUNCT
dem-1065	114	1	table	table	NOUN
dem-1065	114	2	5	5	NUM
dem-1065	114	3	.	.	PUNCT
dem-1065	115	1	statistics	statistic	NOUN
dem-1065	115	2	of	of	ADP
dem-1065	115	3	the	the	DET
dem-1065	115	4	non	non	NOUN
dem-1065	115	5	-	-	NOUN
dem-1065	115	6	causality	causality	NOUN
dem-1065	115	7	in	in	ADP
dem-1065	115	8	variance	variance	NOUN
dem-1065	115	9	test	test	NOUN
dem-1065	115	10	of	of	ADP
dem-1065	115	11	cheung	cheung	PROPN
dem-1065	115	12	and	and	CCONJ
dem-1065	115	13	ng	ng	PROPN
dem-1065	116	1	j=0,k=	j=0,k=	PROPN
dem-1065	116	2	cz→pl	cz→pl	PROPN
dem-1065	116	3	pl→cz	pl→cz	PROPN
dem-1065	116	4	hu→pl	hu→pl	PROPN
dem-1065	116	5	pl→hu	pl→hu	PROPN
dem-1065	116	6	hu→cz	hu→cz	NOUN
dem-1065	116	7	cz-→hu	cz-→hu	VERB
dem-1065	116	8	2	2	PROPN
dem-1065	116	9	1	1	NUM
dem-1065	116	10	43.045	43.045	NUM
dem-1065	116	11	43.554	43.554	NUM
dem-1065	116	12	60.905	60.905	NUM
dem-1065	116	13	60.768	60.768	NUM
dem-1065	116	14	23.392	23.392	NUM
dem-1065	116	15	23.392	23.392	NUM
dem-1065	116	16	5.991	5.991	NUM
dem-1065	116	17	2	2	NUM
dem-1065	116	18	43.563	43.563	NUM
dem-1065	116	19	44.105	44.105	NUM
dem-1065	116	20	61.311	61.311	NUM
dem-1065	116	21	61.116	61.116	NUM
dem-1065	116	22	23.410	23.410	NUM
dem-1065	116	23	23.495	23.495	NUM
dem-1065	116	24	7.815	7.815	NUM
dem-1065	116	25	3	3	NUM
dem-1065	116	26	44.436	44.436	NUM
dem-1065	116	27	44.328	44.328	NUM
dem-1065	116	28	61.312	61.312	NUM
dem-1065	116	29	61.119	61.119	NUM
dem-1065	116	30	23.644	23.644	NUM
dem-1065	116	31	24.153	24.153	NUM
dem-1065	116	32	9.488	9.488	NUM
dem-1065	116	33	agata	agata	NOUN
dem-1065	116	34	kliber	kliber	PROPN
dem-1065	116	35	118	118	NUM
dem-1065	116	36	additionally	additionally	ADV
dem-1065	116	37	,	,	PUNCT
dem-1065	116	38	taking	take	VERB
dem-1065	116	39	advantage	advantage	NOUN
dem-1065	116	40	of	of	ADP
dem-1065	116	41	the	the	DET
dem-1065	116	42	statistics	statistic	NOUN
dem-1065	116	43	constructed	construct	VERB
dem-1065	116	44	for	for	ADP
dem-1065	116	45	small	small	ADJ
dem-1065	116	46	samples	sample	NOUN
dem-1065	116	47	,	,	PUNCT
dem-1065	116	48	we	we	PRON
dem-1065	116	49	computed	compute	VERB
dem-1065	116	50	the	the	DET
dem-1065	116	51	test	test	NOUN
dem-1065	116	52	for	for	ADP
dem-1065	116	53	the	the	DET
dem-1065	116	54	moving	move	VERB
dem-1065	116	55	window	window	NOUN
dem-1065	116	56	of	of	ADP
dem-1065	116	57	120	120	NUM
dem-1065	116	58	observations	observation	NOUN
dem-1065	116	59	.	.	PUNCT
dem-1065	117	1	let	let	VERB
dem-1065	117	2	us	we	PRON
dem-1065	117	3	assume	assume	VERB
dem-1065	117	4	that	that	SCONJ
dem-1065	117	5	the	the	DET
dem-1065	117	6	relationship	relationship	NOUN
dem-1065	117	7	implied	imply	VERB
dem-1065	117	8	by	by	ADP
dem-1065	117	9	the	the	DET
dem-1065	117	10	test	test	NOUN
dem-1065	117	11	is	be	AUX
dem-1065	117	12	valid	valid	ADJ
dem-1065	117	13	for	for	ADP
dem-1065	117	14	the	the	DET
dem-1065	117	15	period	period	NOUN
dem-1065	117	16	of	of	ADP
dem-1065	117	17	120	120	NUM
dem-1065	117	18	days	day	NOUN
dem-1065	117	19	,	,	PUNCT
dem-1065	117	20	ending	end	VERB
dem-1065	117	21	on	on	ADP
dem-1065	117	22	the	the	DET
dem-1065	117	23	day	day	NOUN
dem-1065	117	24	of	of	ADP
dem-1065	117	25	the	the	DET
dem-1065	117	26	window	window	NOUN
dem-1065	117	27	end	end	NOUN
dem-1065	117	28	.	.	PUNCT
dem-1065	118	1	we	we	PRON
dem-1065	118	2	present	present	VERB
dem-1065	118	3	the	the	DET
dem-1065	118	4	results	result	NOUN
dem-1065	118	5	in	in	ADP
dem-1065	118	6	figures	figure	NOUN
dem-1065	118	7	5–10	5–10	ADJ
dem-1065	118	8	.	.	PUNCT
dem-1065	119	1	the	the	DET
dem-1065	119	2	points	point	NOUN
dem-1065	119	3	of	of	ADP
dem-1065	119	4	the	the	DET
dem-1065	119	5	second	second	ADJ
dem-1065	119	6	coordinate	coordinate	NOUN
dem-1065	119	7	equal	equal	ADJ
dem-1065	119	8	to	to	ADP
dem-1065	119	9	1	1	NUM
dem-1065	119	10	denote	denote	VERB
dem-1065	119	11	the	the	DET
dem-1065	119	12	moments	moment	NOUN
dem-1065	119	13	in	in	ADP
dem-1065	119	14	which	which	PRON
dem-1065	119	15	we	we	PRON
dem-1065	119	16	rejected	reject	VERB
dem-1065	119	17	the	the	DET
dem-1065	119	18	hypothesis	hypothesis	NOUN
dem-1065	119	19	of	of	ADP
dem-1065	119	20	non	non	NOUN
dem-1065	119	21	-	-	NOUN
dem-1065	119	22	causality	causality	NOUN
dem-1065	119	23	at	at	ADP
dem-1065	119	24	lag	lag	NOUN
dem-1065	119	25	1	1	NUM
dem-1065	119	26	.	.	PUNCT
dem-1065	120	1	the	the	DET
dem-1065	120	2	pictures	picture	NOUN
dem-1065	120	3	reveal	reveal	VERB
dem-1065	120	4	some	some	DET
dem-1065	120	5	interesting	interesting	ADJ
dem-1065	120	6	patterns	pattern	NOUN
dem-1065	120	7	.	.	PUNCT
dem-1065	121	1	the	the	DET
dem-1065	121	2	causality	causality	NOUN
dem-1065	121	3	relationships	relationship	NOUN
dem-1065	121	4	are	be	AUX
dem-1065	121	5	bilateral	bilateral	ADJ
dem-1065	121	6	(	(	PUNCT
dem-1065	121	7	there	there	PRON
dem-1065	121	8	occurs	occur	VERB
dem-1065	121	9	the	the	DET
dem-1065	121	10	“	"	PUNCT
dem-1065	121	11	feedback	feedback	NOUN
dem-1065	121	12	”	"	PUNCT
dem-1065	121	13	according	accord	VERB
dem-1065	121	14	to	to	ADP
dem-1065	121	15	the	the	DET
dem-1065	121	16	cheung	cheung	PROPN
dem-1065	121	17	and	and	CCONJ
dem-1065	121	18	ng	ng	PROPN
dem-1065	121	19	terminology	terminology	NOUN
dem-1065	121	20	)	)	PUNCT
dem-1065	121	21	.	.	PUNCT
dem-1065	122	1	yet	yet	ADV
dem-1065	122	2	,	,	PUNCT
dem-1065	122	3	in	in	ADP
dem-1065	122	4	the	the	DET
dem-1065	122	5	case	case	NOUN
dem-1065	122	6	of	of	ADP
dem-1065	122	7	poland	poland	PROPN
dem-1065	122	8	and	and	CCONJ
dem-1065	122	9	czech	czech	PROPN
dem-1065	122	10	republic	republic	NOUN
dem-1065	122	11	,	,	PUNCT
dem-1065	122	12	the	the	DET
dem-1065	122	13	period	period	NOUN
dem-1065	122	14	of	of	ADP
dem-1065	122	15	constant	constant	ADJ
dem-1065	122	16	causality	causality	NOUN
dem-1065	122	17	in	in	ADP
dem-1065	122	18	variance	variance	NOUN
dem-1065	122	19	begins	begin	VERB
dem-1065	122	20	in	in	ADP
dem-1065	122	21	summer	summer	NOUN
dem-1065	122	22	2009	2009	NUM
dem-1065	122	23	,	,	PUNCT
dem-1065	122	24	while	while	SCONJ
dem-1065	122	25	in	in	ADP
dem-1065	122	26	the	the	DET
dem-1065	122	27	case	case	NOUN
dem-1065	122	28	of	of	ADP
dem-1065	122	29	poland	poland	PROPN
dem-1065	122	30	and	and	CCONJ
dem-1065	122	31	hungary	hungary	PROPN
dem-1065	122	32	–	–	PUNCT
dem-1065	122	33	it	it	PRON
dem-1065	122	34	ends	end	VERB
dem-1065	122	35	in	in	ADP
dem-1065	122	36	summer	summer	NOUN
dem-1065	122	37	2010	2010	NUM
dem-1065	122	38	.	.	PUNCT
dem-1065	123	1	this	this	PRON
dem-1065	123	2	means	mean	VERB
dem-1065	123	3	that	that	SCONJ
dem-1065	123	4	there	there	PRON
dem-1065	123	5	was	be	VERB
dem-1065	123	6	a	a	DET
dem-1065	123	7	year	year	NOUN
dem-1065	123	8	period	period	NOUN
dem-1065	123	9	of	of	ADP
dem-1065	123	10	feedback	feedback	NOUN
dem-1065	123	11	polandhungary	polandhungary	ADJ
dem-1065	123	12	,	,	PUNCT
dem-1065	123	13	poland	poland	PROPN
dem-1065	123	14	-	-	PUNCT
dem-1065	123	15	czech	czech	PROPN
dem-1065	123	16	republic	republic	NOUN
dem-1065	123	17	,	,	PUNCT
dem-1065	123	18	which	which	PRON
dem-1065	123	19	ended	end	VERB
dem-1065	123	20	in	in	ADP
dem-1065	123	21	case	case	NOUN
dem-1065	123	22	of	of	ADP
dem-1065	123	23	the	the	DET
dem-1065	123	24	poland	poland	PROPN
dem-1065	123	25	-	-	PUNCT
dem-1065	123	26	hungary	hungary	PROPN
dem-1065	123	27	relationships	relationship	NOUN
dem-1065	123	28	in	in	ADP
dem-1065	123	29	the	the	DET
dem-1065	123	30	moment	moment	NOUN
dem-1065	123	31	of	of	ADP
dem-1065	123	32	the	the	DET
dem-1065	123	33	turbulence	turbulence	NOUN
dem-1065	123	34	in	in	ADP
dem-1065	123	35	hungary	hungary	PROPN
dem-1065	123	36	.	.	PUNCT
dem-1065	124	1	what	what	PRON
dem-1065	124	2	is	be	AUX
dem-1065	124	3	interesting	interesting	ADJ
dem-1065	124	4	,	,	PUNCT
dem-1065	124	5	the	the	DET
dem-1065	124	6	hungarian	hungarian	ADJ
dem-1065	124	7	crisis	crisis	NOUN
dem-1065	124	8	did	do	AUX
dem-1065	124	9	not	not	PART
dem-1065	124	10	affect	affect	VERB
dem-1065	124	11	to	to	ADP
dem-1065	124	12	such	such	ADJ
dem-1065	124	13	extend	extend	VERB
dem-1065	124	14	the	the	DET
dem-1065	124	15	causality	causality	NOUN
dem-1065	124	16	patterns	pattern	NOUN
dem-1065	124	17	with	with	ADP
dem-1065	124	18	czech	czech	PROPN
dem-1065	124	19	republic	republic	NOUN
dem-1065	124	20	.	.	PUNCT
dem-1065	125	1	although	although	SCONJ
dem-1065	125	2	there	there	PRON
dem-1065	125	3	appear	appear	VERB
dem-1065	125	4	moments	moment	NOUN
dem-1065	125	5	of	of	ADP
dem-1065	125	6	non	non	NOUN
dem-1065	125	7	-	-	NOUN
dem-1065	125	8	causality	causality	NOUN
dem-1065	125	9	,	,	PUNCT
dem-1065	125	10	as	as	ADP
dem-1065	125	11	for	for	ADP
dem-1065	125	12	example	example	NOUN
dem-1065	125	13	in	in	ADP
dem-1065	125	14	november	november	PROPN
dem-1065	125	15	2010	2010	NUM
dem-1065	125	16	,	,	PUNCT
dem-1065	125	17	in	in	ADP
dem-1065	125	18	general	general	ADJ
dem-1065	125	19	the	the	DET
dem-1065	125	20	null	null	NOUN
dem-1065	125	21	is	be	AUX
dem-1065	125	22	rejected	reject	VERB
dem-1065	125	23	.	.	PUNCT
dem-1065	126	1	however	however	ADV
dem-1065	126	2	,	,	PUNCT
dem-1065	126	3	the	the	DET
dem-1065	126	4	fact	fact	NOUN
dem-1065	126	5	that	that	SCONJ
dem-1065	126	6	in	in	ADP
dem-1065	126	7	november	november	PROPN
dem-1065	126	8	2010	2010	NUM
dem-1065	126	9	the	the	DET
dem-1065	126	10	causality	causality	NOUN
dem-1065	126	11	linkages	linkage	NOUN
dem-1065	126	12	weakened	weaken	VERB
dem-1065	126	13	suggests	suggest	VERB
dem-1065	126	14	that	that	SCONJ
dem-1065	126	15	the	the	DET
dem-1065	126	16	pension	pension	NOUN
dem-1065	126	17	crisis	crisis	NOUN
dem-1065	126	18	in	in	ADP
dem-1065	126	19	hungary	hungary	PROPN
dem-1065	126	20	did	do	AUX
dem-1065	126	21	not	not	PART
dem-1065	126	22	affect	affect	VERB
dem-1065	126	23	the	the	DET
dem-1065	126	24	way	way	NOUN
dem-1065	126	25	the	the	DET
dem-1065	126	26	market	market	NOUN
dem-1065	126	27	participants	participant	NOUN
dem-1065	126	28	value	value	VERB
dem-1065	126	29	the	the	DET
dem-1065	126	30	risk	risk	NOUN
dem-1065	126	31	of	of	ADP
dem-1065	126	32	investment	investment	NOUN
dem-1065	126	33	in	in	ADP
dem-1065	126	34	czech	czech	PROPN
dem-1065	126	35	republic	republic	NOUN
dem-1065	126	36	.	.	PUNCT
dem-1065	127	1	figure	figure	NOUN
dem-1065	127	2	5	5	NUM
dem-1065	127	3	.	.	PUNCT
dem-1065	127	4	periods	period	NOUN
dem-1065	127	5	of	of	ADP
dem-1065	127	6	causality	causality	NOUN
dem-1065	127	7	in	in	ADP
dem-1065	127	8	variance	variance	NOUN
dem-1065	127	9	:	:	PUNCT
dem-1065	127	10	poland	poland	PROPN
dem-1065	127	11	czech	czech	PROPN
dem-1065	127	12	republic	republic	PROPN
dem-1065	127	13	figure	figure	NOUN
dem-1065	127	14	6	6	NUM
dem-1065	127	15	.	.	PUNCT
dem-1065	127	16	periods	period	NOUN
dem-1065	127	17	of	of	ADP
dem-1065	127	18	causality	causality	NOUN
dem-1065	127	19	in	in	ADP
dem-1065	127	20	variance	variance	NOUN
dem-1065	127	21	:	:	PUNCT
dem-1065	127	22	czech	czech	PROPN
dem-1065	127	23	republic	republic	PROPN
dem-1065	127	24	poland	poland	PROPN
dem-1065	127	25	figure	figure	VERB
dem-1065	127	26	7	7	NUM
dem-1065	127	27	.	.	PUNCT
dem-1065	127	28	periods	period	NOUN
dem-1065	127	29	of	of	ADP
dem-1065	127	30	causality	causality	NOUN
dem-1065	127	31	in	in	ADP
dem-1065	127	32	variance	variance	NOUN
dem-1065	127	33	:	:	PUNCT
dem-1065	127	34	czech	czech	PROPN
dem-1065	127	35	republic	republic	PROPN
dem-1065	127	36	–	–	PUNCT
dem-1065	127	37	hungary	hungary	PROPN
dem-1065	127	38	sovereign	sovereign	ADJ
dem-1065	127	39	cds	cd	NOUN
dem-1065	127	40	instruments	instrument	NOUN
dem-1065	127	41	in	in	ADP
dem-1065	127	42	central	central	PROPN
dem-1065	127	43	europe	europe	PROPN
dem-1065	127	44	–	–	PUNCT
dem-1065	127	45	linkages	linkage	NOUN
dem-1065	127	46	and	and	CCONJ
dem-1065	127	47	interdependence	interdependence	NOUN
dem-1065	127	48	119	119	NUM
dem-1065	127	49	figure	figure	NOUN
dem-1065	127	50	8	8	NUM
dem-1065	127	51	.	.	PUNCT
dem-1065	128	1	periods	period	NOUN
dem-1065	128	2	of	of	ADP
dem-1065	128	3	causality	causality	NOUN
dem-1065	128	4	in	in	ADP
dem-1065	128	5	variance	variance	NOUN
dem-1065	128	6	:	:	PUNCT
dem-1065	128	7	hungary	hungary	PROPN
dem-1065	128	8	czech	czech	PROPN
dem-1065	128	9	republic	republic	PROPN
dem-1065	128	10	figure	figure	NOUN
dem-1065	128	11	9	9	NUM
dem-1065	128	12	.	.	PUNCT
dem-1065	128	13	periods	period	NOUN
dem-1065	128	14	of	of	ADP
dem-1065	128	15	causality	causality	NOUN
dem-1065	128	16	in	in	ADP
dem-1065	128	17	variance	variance	NOUN
dem-1065	128	18	:	:	PUNCT
dem-1065	128	19	poland	poland	PROPN
dem-1065	128	20	hungary	hungary	PROPN
dem-1065	128	21	figure	figure	VERB
dem-1065	128	22	10	10	NUM
dem-1065	128	23	.	.	PUNCT
dem-1065	129	1	periods	period	NOUN
dem-1065	129	2	of	of	ADP
dem-1065	129	3	causality	causality	NOUN
dem-1065	129	4	in	in	ADP
dem-1065	129	5	variance	variance	NOUN
dem-1065	129	6	:	:	PUNCT
dem-1065	129	7	hungary	hungary	PROPN
dem-1065	129	8	-	-	PUNCT
dem-1065	129	9	poland	poland	VERB
dem-1065	129	10	the	the	DET
dem-1065	129	11	results	result	NOUN
dem-1065	129	12	of	of	ADP
dem-1065	129	13	the	the	DET
dem-1065	129	14	test	test	NOUN
dem-1065	129	15	suggest	suggest	VERB
dem-1065	129	16	that	that	SCONJ
dem-1065	129	17	the	the	DET
dem-1065	129	18	two	two	NUM
dem-1065	129	19	moments	moment	NOUN
dem-1065	129	20	of	of	ADP
dem-1065	129	21	turbulence	turbulence	NOUN
dem-1065	129	22	denoted	denote	VERB
dem-1065	129	23	by	by	ADP
dem-1065	129	24	volatility	volatility	NOUN
dem-1065	129	25	growth	growth	NOUN
dem-1065	129	26	were	be	AUX
dem-1065	129	27	of	of	ADP
dem-1065	129	28	different	different	ADJ
dem-1065	129	29	nature	nature	NOUN
dem-1065	129	30	.	.	PUNCT
dem-1065	130	1	while	while	SCONJ
dem-1065	130	2	in	in	ADP
dem-1065	130	3	the	the	DET
dem-1065	130	4	first	first	ADJ
dem-1065	130	5	phase	phase	NOUN
dem-1065	130	6	of	of	ADP
dem-1065	130	7	the	the	DET
dem-1065	130	8	crisis	crisis	NOUN
dem-1065	130	9	we	we	PRON
dem-1065	130	10	could	could	AUX
dem-1065	130	11	observe	observe	VERB
dem-1065	130	12	significant	significant	ADJ
dem-1065	130	13	interrelations	interrelation	NOUN
dem-1065	130	14	between	between	ADP
dem-1065	130	15	volatility	volatility	NOUN
dem-1065	130	16	of	of	ADP
dem-1065	130	17	polish	polish	ADJ
dem-1065	130	18	and	and	CCONJ
dem-1065	130	19	hungarian	hungarian	ADJ
dem-1065	130	20	cds	cd	NOUN
dem-1065	130	21	instruments	instrument	NOUN
dem-1065	130	22	,	,	PUNCT
dem-1065	130	23	as	as	ADV
dem-1065	130	24	well	well	ADV
dem-1065	130	25	as	as	ADP
dem-1065	130	26	between	between	ADP
dem-1065	130	27	czech	czech	ADJ
dem-1065	130	28	and	and	CCONJ
dem-1065	130	29	hungarian	hungarian	ADJ
dem-1065	130	30	ones	one	NOUN
dem-1065	130	31	,	,	PUNCT
dem-1065	130	32	suggesting	suggest	VERB
dem-1065	130	33	that	that	SCONJ
dem-1065	130	34	the	the	DET
dem-1065	130	35	crisis	crisis	NOUN
dem-1065	130	36	may	may	AUX
dem-1065	130	37	have	have	AUX
dem-1065	130	38	been	be	AUX
dem-1065	130	39	regional	regional	ADJ
dem-1065	130	40	or	or	CCONJ
dem-1065	130	41	that	that	SCONJ
dem-1065	130	42	at	at	ADV
dem-1065	130	43	least	least	ADJ
dem-1065	130	44	it	it	PRON
dem-1065	130	45	was	be	AUX
dem-1065	130	46	considered	consider	VERB
dem-1065	130	47	so	so	ADV
dem-1065	130	48	by	by	ADP
dem-1065	130	49	the	the	DET
dem-1065	130	50	investors	investor	NOUN
dem-1065	130	51	,	,	PUNCT
dem-1065	130	52	the	the	DET
dem-1065	130	53	situation	situation	NOUN
dem-1065	130	54	changed	change	VERB
dem-1065	130	55	during	during	ADP
dem-1065	130	56	the	the	DET
dem-1065	130	57	second	second	ADJ
dem-1065	130	58	volatility	volatility	NOUN
dem-1065	130	59	pick	pick	NOUN
dem-1065	130	60	.	.	PUNCT
dem-1065	131	1	although	although	SCONJ
dem-1065	131	2	in	in	ADP
dem-1065	131	3	spring	spring	NOUN
dem-1065	131	4	2010	2010	NUM
dem-1065	131	5	the	the	DET
dem-1065	131	6	null	null	NOUN
dem-1065	131	7	of	of	ADP
dem-1065	131	8	non	non	ADJ
dem-1065	131	9	-	-	NOUN
dem-1065	131	10	causality	causality	NOUN
dem-1065	131	11	was	be	AUX
dem-1065	131	12	rejected	reject	VERB
dem-1065	131	13	,	,	PUNCT
dem-1065	131	14	in	in	ADP
dem-1065	131	15	summer	summer	NOUN
dem-1065	131	16	and	and	CCONJ
dem-1065	131	17	autumn	autumn	NOUN
dem-1065	131	18	–	–	PUNCT
dem-1065	131	19	when	when	SCONJ
dem-1065	131	20	the	the	DET
dem-1065	131	21	crisis	crisis	NOUN
dem-1065	131	22	in	in	ADP
dem-1065	131	23	hungary	hungary	PROPN
dem-1065	131	24	intensified	intensify	VERB
dem-1065	131	25	–	–	PUNCT
dem-1065	131	26	the	the	DET
dem-1065	131	27	causality	causality	NOUN
dem-1065	131	28	relations	relation	NOUN
dem-1065	131	29	weakened	weaken	VERB
dem-1065	131	30	significantly	significantly	ADV
dem-1065	131	31	.	.	PUNCT
dem-1065	132	1	this	this	PRON
dem-1065	132	2	can	can	AUX
dem-1065	132	3	suggest	suggest	VERB
dem-1065	132	4	that	that	SCONJ
dem-1065	132	5	the	the	DET
dem-1065	132	6	contagion	contagion	NOUN
dem-1065	132	7	did	do	AUX
dem-1065	132	8	occur	occur	VERB
dem-1065	132	9	,	,	PUNCT
dem-1065	132	10	but	but	CCONJ
dem-1065	132	11	its	its	PRON
dem-1065	132	12	source	source	NOUN
dem-1065	132	13	was	be	AUX
dem-1065	132	14	outside	outside	ADP
dem-1065	132	15	the	the	DET
dem-1065	132	16	central	central	PROPN
dem-1065	132	17	europe	europe	PROPN
dem-1065	132	18	.	.	PUNCT
dem-1065	133	1	most	most	ADV
dem-1065	133	2	probably	probably	ADV
dem-1065	133	3	,	,	PUNCT
dem-1065	133	4	as	as	SCONJ
dem-1065	133	5	suggested	suggest	VERB
dem-1065	133	6	in	in	ADP
dem-1065	133	7	the	the	DET
dem-1065	133	8	nbp	nbp	PROPN
dem-1065	133	9	’s	’s	PART
dem-1065	133	10	financial	financial	ADJ
dem-1065	133	11	stability	stability	NOUN
dem-1065	133	12	reports	report	VERB
dem-1065	133	13	,	,	PUNCT
dem-1065	133	14	there	there	PRON
dem-1065	133	15	was	be	VERB
dem-1065	133	16	a	a	DET
dem-1065	133	17	global	global	ADJ
dem-1065	133	18	growth	growth	NOUN
dem-1065	133	19	of	of	ADP
dem-1065	133	20	risk	risk	NOUN
dem-1065	133	21	perception	perception	NOUN
dem-1065	133	22	as	as	ADP
dem-1065	133	23	a	a	DET
dem-1065	133	24	reaction	reaction	NOUN
dem-1065	133	25	to	to	ADP
dem-1065	133	26	the	the	DET
dem-1065	133	27	greek	greek	NOUN
dem-1065	133	28	problems	problem	NOUN
dem-1065	133	29	.	.	PUNCT
dem-1065	134	1	however	however	ADV
dem-1065	134	2	,	,	PUNCT
dem-1065	134	3	the	the	DET
dem-1065	134	4	hungarian	hungarian	ADJ
dem-1065	134	5	crisis	crisis	NOUN
dem-1065	134	6	did	do	AUX
dem-1065	134	7	not	not	PART
dem-1065	134	8	infect	infect	VERB
dem-1065	134	9	the	the	DET
dem-1065	134	10	rest	rest	NOUN
dem-1065	134	11	of	of	ADP
dem-1065	134	12	the	the	DET
dem-1065	134	13	analysed	analyse	VERB
dem-1065	134	14	central	central	ADJ
dem-1065	134	15	european	european	ADJ
dem-1065	134	16	countries	country	NOUN
dem-1065	134	17	.	.	PUNCT
dem-1065	135	1	it	it	PRON
dem-1065	135	2	seems	seem	VERB
dem-1065	135	3	that	that	SCONJ
dem-1065	135	4	either	either	CCONJ
dem-1065	135	5	the	the	DET
dem-1065	135	6	investors	investor	NOUN
dem-1065	135	7	did	do	AUX
dem-1065	135	8	not	not	PART
dem-1065	135	9	perceive	perceive	VERB
dem-1065	135	10	the	the	DET
dem-1065	135	11	hungarian	hungarian	ADJ
dem-1065	135	12	problems	problem	NOUN
dem-1065	135	13	as	as	ADP
dem-1065	135	14	contagious	contagious	ADJ
dem-1065	135	15	or	or	CCONJ
dem-1065	135	16	that	that	SCONJ
dem-1065	135	17	the	the	DET
dem-1065	135	18	cds	cd	NOUN
dem-1065	135	19	prices	price	NOUN
dem-1065	135	20	did	do	AUX
dem-1065	135	21	not	not	PART
dem-1065	135	22	reflect	reflect	VERB
dem-1065	135	23	the	the	DET
dem-1065	135	24	market	market	NOUN
dem-1065	135	25	reality	reality	NOUN
dem-1065	135	26	.	.	PUNCT
dem-1065	136	1	the	the	DET
dem-1065	136	2	latter	latter	ADJ
dem-1065	136	3	problem	problem	NOUN
dem-1065	136	4	could	could	AUX
dem-1065	136	5	occur	occur	VERB
dem-1065	136	6	if	if	SCONJ
dem-1065	136	7	the	the	DET
dem-1065	136	8	market	market	NOUN
dem-1065	136	9	was	be	AUX
dem-1065	136	10	not	not	PART
dem-1065	136	11	liquid	liquid	ADJ
dem-1065	136	12	.	.	PUNCT
dem-1065	137	1	however	however	ADV
dem-1065	137	2	,	,	PUNCT
dem-1065	137	3	as	as	SCONJ
dem-1065	137	4	presented	present	VERB
dem-1065	137	5	in	in	ADP
dem-1065	137	6	figure	figure	NOUN
dem-1065	137	7	11	11	NUM
dem-1065	137	8	the	the	DET
dem-1065	137	9	instruments	instrument	NOUN
dem-1065	137	10	are	be	AUX
dem-1065	137	11	indeed	indeed	ADV
dem-1065	137	12	traded	trade	VERB
dem-1065	137	13	intensively	intensively	ADV
dem-1065	137	14	,	,	PUNCT
dem-1065	137	15	and	and	CCONJ
dem-1065	137	16	the	the	DET
dem-1065	137	17	most	most	ADV
dem-1065	137	18	liquid	liquid	ADJ
dem-1065	137	19	ones	one	NOUN
dem-1065	137	20	are	be	AUX
dem-1065	137	21	the	the	DET
dem-1065	137	22	hungarian	hungarian	ADJ
dem-1065	137	23	cds	cd	NOUN
dem-1065	137	24	contracts	contract	NOUN
dem-1065	137	25	.	.	PUNCT
dem-1065	138	1	agata	agata	PROPN
dem-1065	138	2	kliber	kliber	PROPN
dem-1065	138	3	120	120	NUM
dem-1065	138	4	figure	figure	NOUN
dem-1065	138	5	11	11	NUM
dem-1065	138	6	.	.	PUNCT
dem-1065	139	1	turnovers	turnover	NOUN
dem-1065	139	2	on	on	ADP
dem-1065	139	3	the	the	DET
dem-1065	139	4	cds	cds	PROPN
dem-1065	139	5	market	market	NOUN
dem-1065	139	6	quarterly	quarterly	ADJ
dem-1065	139	7	data	datum	NOUN
dem-1065	139	8	4	4	NUM
dem-1065	139	9	.	.	PUNCT
dem-1065	139	10	analysis	analysis	NOUN
dem-1065	139	11	of	of	ADP
dem-1065	139	12	granger	granger	PROPN
dem-1065	139	13	causality	causality	PROPN
dem-1065	139	14	in	in	ADP
dem-1065	139	15	variance	variance	NOUN
dem-1065	139	16	–	–	PUNCT
dem-1065	139	17	a	a	DET
dem-1065	139	18	multivariate	multivariate	NOUN
dem-1065	139	19	stochastic	stochastic	ADJ
dem-1065	139	20	volatility	volatility	NOUN
dem-1065	139	21	model	model	NOUN
dem-1065	139	22	the	the	DET
dem-1065	139	23	test	test	NOUN
dem-1065	139	24	of	of	ADP
dem-1065	139	25	cheung	cheung	PROPN
dem-1065	139	26	and	and	CCONJ
dem-1065	139	27	ng	ng	PROPN
dem-1065	139	28	allows	allow	VERB
dem-1065	139	29	us	we	PRON
dem-1065	139	30	to	to	PART
dem-1065	139	31	test	test	VERB
dem-1065	139	32	the	the	DET
dem-1065	139	33	direction	direction	NOUN
dem-1065	139	34	of	of	ADP
dem-1065	139	35	causality	causality	NOUN
dem-1065	139	36	,	,	PUNCT
dem-1065	139	37	not	not	PART
dem-1065	139	38	the	the	DET
dem-1065	139	39	strength	strength	NOUN
dem-1065	139	40	of	of	ADP
dem-1065	139	41	it	it	PRON
dem-1065	139	42	.	.	PUNCT
dem-1065	140	1	thus	thus	ADV
dem-1065	140	2	,	,	PUNCT
dem-1065	140	3	we	we	PRON
dem-1065	140	4	also	also	ADV
dem-1065	140	5	estimated	estimate	VERB
dem-1065	140	6	a	a	DET
dem-1065	140	7	model	model	NOUN
dem-1065	140	8	of	of	ADP
dem-1065	140	9	yu	yu	PROPN
dem-1065	140	10	and	and	CCONJ
dem-1065	140	11	meyer	meyer	PROPN
dem-1065	140	12	(	(	PUNCT
dem-1065	140	13	2006	2006	NUM
dem-1065	140	14	)	)	PUNCT
dem-1065	140	15	–	–	PUNCT
dem-1065	140	16	a	a	DET
dem-1065	140	17	multivariate	multivariate	NOUN
dem-1065	140	18	stochastic	stochastic	ADJ
dem-1065	140	19	volatility	volatility	NOUN
dem-1065	140	20	model	model	NOUN
dem-1065	140	21	with	with	ADP
dem-1065	140	22	granger	granger	PROPN
dem-1065	140	23	causality	causality	PROPN
dem-1065	140	24	(	(	PUNCT
dem-1065	140	25	see	see	VERB
dem-1065	140	26	the	the	DET
dem-1065	140	27	appendix	appendix	NOUN
dem-1065	140	28	for	for	ADP
dem-1065	140	29	details	detail	NOUN
dem-1065	140	30	)	)	PUNCT
dem-1065	140	31	,	,	PUNCT
dem-1065	140	32	allowing	allow	VERB
dem-1065	140	33	not	not	PART
dem-1065	140	34	only	only	ADV
dem-1065	140	35	for	for	ADP
dem-1065	140	36	detecting	detect	VERB
dem-1065	140	37	the	the	DET
dem-1065	140	38	causality	causality	NOUN
dem-1065	140	39	patterns	pattern	NOUN
dem-1065	140	40	(	(	PUNCT
dem-1065	140	41	in	in	ADP
dem-1065	140	42	granger	granger	PROPN
dem-1065	140	43	sense	sense	NOUN
dem-1065	140	44	)	)	PUNCT
dem-1065	140	45	,	,	PUNCT
dem-1065	140	46	but	but	CCONJ
dem-1065	140	47	also	also	ADV
dem-1065	140	48	the	the	DET
dem-1065	140	49	strength	strength	NOUN
dem-1065	140	50	of	of	ADP
dem-1065	140	51	them	they	PRON
dem-1065	140	52	.	.	PUNCT
dem-1065	141	1	first	first	ADV
dem-1065	141	2	,	,	PUNCT
dem-1065	141	3	we	we	PRON
dem-1065	141	4	estimated	estimate	VERB
dem-1065	141	5	a	a	DET
dem-1065	141	6	var	var	NOUN
dem-1065	141	7	equation	equation	NOUN
dem-1065	141	8	for	for	ADP
dem-1065	141	9	the	the	DET
dem-1065	141	10	polish	polish	ADJ
dem-1065	141	11	and	and	CCONJ
dem-1065	141	12	hungarian	hungarian	ADJ
dem-1065	141	13	cds	cd	NOUN
dem-1065	141	14	prices	price	NOUN
dem-1065	141	15	in	in	ADP
dem-1065	141	16	order	order	NOUN
dem-1065	141	17	to	to	PART
dem-1065	141	18	account	account	VERB
dem-1065	141	19	for	for	ADP
dem-1065	141	20	any	any	DET
dem-1065	141	21	linear	linear	ADJ
dem-1065	141	22	dependencies	dependency	NOUN
dem-1065	141	23	in	in	ADP
dem-1065	141	24	the	the	DET
dem-1065	141	25	data	datum	NOUN
dem-1065	141	26	.	.	PUNCT
dem-1065	142	1	the	the	DET
dem-1065	142	2	results	result	NOUN
dem-1065	142	3	are	be	AUX
dem-1065	142	4	presented	present	VERB
dem-1065	142	5	in	in	ADP
dem-1065	142	6	tables	table	NOUN
dem-1065	142	7	6–7	6–7	NUM
dem-1065	142	8	.	.	PUNCT
dem-1065	143	1	order	order	NOUN
dem-1065	143	2	of	of	ADP
dem-1065	143	3	equation	equation	NOUN
dem-1065	143	4	was	be	AUX
dem-1065	143	5	chosen	choose	VERB
dem-1065	143	6	using	use	VERB
dem-1065	143	7	schwarz	schwarz	PROPN
dem-1065	143	8	information	information	NOUN
dem-1065	143	9	criterion	criterion	NOUN
dem-1065	143	10	.	.	PUNCT
dem-1065	144	1	in	in	ADP
dem-1065	144	2	case	case	NOUN
dem-1065	144	3	of	of	ADP
dem-1065	144	4	the	the	DET
dem-1065	144	5	hungarian	hungarian	ADJ
dem-1065	144	6	cds	cd	NOUN
dem-1065	144	7	price	price	NOUN
dem-1065	144	8	,	,	PUNCT
dem-1065	144	9	it	it	PRON
dem-1065	144	10	appears	appear	VERB
dem-1065	144	11	that	that	SCONJ
dem-1065	144	12	it	it	PRON
dem-1065	144	13	was	be	AUX
dem-1065	144	14	influenced	influence	VERB
dem-1065	144	15	by	by	ADP
dem-1065	144	16	the	the	DET
dem-1065	144	17	past	past	ADJ
dem-1065	144	18	values	value	NOUN
dem-1065	144	19	of	of	ADP
dem-1065	144	20	this	this	DET
dem-1065	144	21	instrument	instrument	NOUN
dem-1065	144	22	price	price	NOUN
dem-1065	144	23	(	(	PUNCT
dem-1065	144	24	lagged	lag	VERB
dem-1065	144	25	value	value	NOUN
dem-1065	144	26	of	of	ADP
dem-1065	144	27	polish	polish	ADJ
dem-1065	144	28	cds	cd	NOUN
dem-1065	144	29	price	price	NOUN
dem-1065	144	30	is	be	AUX
dem-1065	144	31	insignificant	insignificant	ADJ
dem-1065	144	32	)	)	PUNCT
dem-1065	144	33	.	.	PUNCT
dem-1065	145	1	similarly	similarly	ADV
dem-1065	145	2	,	,	PUNCT
dem-1065	145	3	the	the	DET
dem-1065	145	4	price	price	NOUN
dem-1065	145	5	of	of	ADP
dem-1065	145	6	polish	polish	ADJ
dem-1065	145	7	cds	cd	NOUN
dem-1065	145	8	is	be	AUX
dem-1065	145	9	also	also	ADV
dem-1065	145	10	influenced	influence	VERB
dem-1065	145	11	by	by	ADP
dem-1065	145	12	the	the	DET
dem-1065	145	13	past	past	ADJ
dem-1065	145	14	value	value	NOUN
dem-1065	145	15	of	of	ADP
dem-1065	145	16	hungarian	hungarian	ADJ
dem-1065	145	17	cds	cd	NOUN
dem-1065	145	18	price	price	NOUN
dem-1065	145	19	.	.	PUNCT
dem-1065	146	1	table	table	NOUN
dem-1065	146	2	6	6	NUM
dem-1065	146	3	.	.	PUNCT
dem-1065	146	4	var	var	NOUN
dem-1065	146	5	equation	equation	NOUN
dem-1065	146	6	for	for	ADP
dem-1065	146	7	hungarian	hungarian	ADJ
dem-1065	146	8	cds	cd	NOUN
dem-1065	146	9	(	(	PUNCT
dem-1065	146	10	polish	polish	ADJ
dem-1065	146	11	and	and	CCONJ
dem-1065	146	12	hungarian	hungarian	ADJ
dem-1065	146	13	cds	cd	NOUN
dem-1065	146	14	in	in	ADP
dem-1065	146	15	the	the	DET
dem-1065	146	16	system	system	NOUN
dem-1065	146	17	)	)	PUNCT
dem-1065	146	18	parameter	parameter	NOUN
dem-1065	146	19	name	name	NOUN
dem-1065	146	20	estimate	estimate	NOUN
dem-1065	146	21	std	std	NOUN
dem-1065	146	22	.	.	NOUN
dem-1065	147	1	error	error	NOUN
dem-1065	147	2	p	p	NOUN
dem-1065	147	3	-	-	PUNCT
dem-1065	147	4	value	value	NOUN
dem-1065	147	5	cdshu(-1	cdshu(-1	NOUN
dem-1065	147	6	)	)	PUNCT
dem-1065	147	7	0.261	0.261	NUM
dem-1065	147	8	0.054	0.054	NUM
dem-1065	147	9	0	0	NUM
dem-1065	147	10	cdspl(-1	cdspl(-1	PROPN
dem-1065	147	11	)	)	PUNCT
dem-1065	147	12	-0.014	-0.014	NOUN
dem-1065	147	13	0.094	0.094	NUM
dem-1065	147	14	0.878	0.878	NUM
dem-1065	147	15	const	const	NOUN
dem-1065	147	16	.	.	PUNCT
dem-1065	148	1	0.079	0.079	NUM
dem-1065	148	2	0.482	0.482	NUM
dem-1065	148	3	0.870	0.870	NUM
dem-1065	148	4	table	table	NOUN
dem-1065	148	5	7	7	NUM
dem-1065	148	6	.	.	PUNCT
dem-1065	148	7	var	var	NOUN
dem-1065	148	8	equation	equation	NOUN
dem-1065	148	9	for	for	ADP
dem-1065	148	10	polish	polish	ADJ
dem-1065	148	11	cds	cd	NOUN
dem-1065	148	12	(	(	PUNCT
dem-1065	148	13	polish	polish	ADJ
dem-1065	148	14	and	and	CCONJ
dem-1065	148	15	hungarian	hungarian	ADJ
dem-1065	148	16	cds	cd	NOUN
dem-1065	148	17	in	in	ADP
dem-1065	148	18	the	the	DET
dem-1065	148	19	system	system	NOUN
dem-1065	148	20	)	)	PUNCT
dem-1065	148	21	parameter	parameter	NOUN
dem-1065	148	22	name	name	NOUN
dem-1065	148	23	estimate	estimate	NOUN
dem-1065	148	24	std	std	NOUN
dem-1065	148	25	.	.	NOUN
dem-1065	149	1	error	error	NOUN
dem-1065	149	2	p	p	NOUN
dem-1065	149	3	-	-	PUNCT
dem-1065	149	4	value	value	NOUN
dem-1065	149	5	cdspl(-1	cdspl(-1	PROPN
dem-1065	149	6	)	)	PUNCT
dem-1065	149	7	-0.0230	-0.0230	VERB
dem-1065	149	8	0.054	0.054	NUM
dem-1065	149	9	0.864	0.864	NUM
dem-1065	149	10	cdshu(-1	cdshu(-1	ADJ
dem-1065	149	11	)	)	PUNCT
dem-1065	149	12	0.154	0.154	NUM
dem-1065	149	13	0.031	0.031	NUM
dem-1065	149	14	0	0	NUM
dem-1065	149	15	const	const	NOUN
dem-1065	149	16	.	.	PUNCT
dem-1065	150	1	0.047	0.047	NUM
dem-1065	150	2	0.276	0.276	NUM
dem-1065	150	3	0.864	0.864	NUM
dem-1065	150	4	the	the	DET
dem-1065	150	5	volatility	volatility	NOUN
dem-1065	150	6	model	model	NOUN
dem-1065	150	7	was	be	AUX
dem-1065	150	8	estimated	estimate	VERB
dem-1065	150	9	for	for	ADP
dem-1065	150	10	the	the	DET
dem-1065	150	11	residuals	residual	NOUN
dem-1065	150	12	from	from	ADP
dem-1065	150	13	the	the	DET
dem-1065	150	14	var	var	NOUN
dem-1065	150	15	system	system	NOUN
dem-1065	150	16	,	,	PUNCT
dem-1065	150	17	using	use	VERB
dem-1065	150	18	the	the	DET
dem-1065	150	19	free	free	ADJ
dem-1065	150	20	software	software	NOUN
dem-1065	150	21	winbugs	winbug	NOUN
dem-1065	150	22	(	(	PUNCT
dem-1065	150	23	version	version	NOUN
dem-1065	150	24	1.4	1.4	NUM
dem-1065	150	25	)	)	PUNCT
dem-1065	150	26	.	.	PUNCT
dem-1065	151	1	since	since	SCONJ
dem-1065	151	2	the	the	DET
dem-1065	151	3	program	program	NOUN
dem-1065	151	4	uses	use	VERB
dem-1065	151	5	the	the	DET
dem-1065	151	6	sovereign	sovereign	ADJ
dem-1065	151	7	cds	cd	NOUN
dem-1065	151	8	instruments	instrument	NOUN
dem-1065	151	9	in	in	ADP
dem-1065	151	10	central	central	PROPN
dem-1065	151	11	europe	europe	PROPN
dem-1065	151	12	–	–	PUNCT
dem-1065	151	13	linkages	linkage	NOUN
dem-1065	151	14	and	and	CCONJ
dem-1065	151	15	interdependence	interdependence	NOUN
dem-1065	151	16	121	121	NUM
dem-1065	151	17	bayesian	bayesian	NOUN
dem-1065	151	18	approach	approach	NOUN
dem-1065	151	19	to	to	ADP
dem-1065	151	20	the	the	DET
dem-1065	151	21	estimation	estimation	NOUN
dem-1065	151	22	,	,	PUNCT
dem-1065	151	23	we	we	PRON
dem-1065	151	24	assume	assume	VERB
dem-1065	151	25	that	that	SCONJ
dem-1065	151	26	all	all	DET
dem-1065	151	27	the	the	DET
dem-1065	151	28	parameters	parameter	NOUN
dem-1065	151	29	are	be	AUX
dem-1065	151	30	stochastic	stochastic	ADJ
dem-1065	151	31	variables	variable	NOUN
dem-1065	151	32	.	.	PUNCT
dem-1065	152	1	to	to	PART
dem-1065	152	2	give	give	VERB
dem-1065	152	3	the	the	DET
dem-1065	152	4	readers	reader	NOUN
dem-1065	152	5	an	an	DET
dem-1065	152	6	approximation	approximation	NOUN
dem-1065	152	7	of	of	ADP
dem-1065	152	8	the	the	DET
dem-1065	152	9	point	point	NOUN
dem-1065	152	10	estimates	estimate	NOUN
dem-1065	152	11	,	,	PUNCT
dem-1065	152	12	we	we	PRON
dem-1065	152	13	present	present	VERB
dem-1065	152	14	the	the	DET
dem-1065	152	15	means	mean	NOUN
dem-1065	152	16	and	and	CCONJ
dem-1065	152	17	medians	median	NOUN
dem-1065	152	18	of	of	ADP
dem-1065	152	19	the	the	DET
dem-1065	152	20	distributions	distribution	NOUN
dem-1065	152	21	,	,	PUNCT
dem-1065	152	22	as	as	ADV
dem-1065	152	23	well	well	ADV
dem-1065	152	24	as	as	ADP
dem-1065	152	25	the	the	DET
dem-1065	152	26	standard	standard	ADJ
dem-1065	152	27	deviations	deviation	NOUN
dem-1065	152	28	.	.	PUNCT
dem-1065	153	1	the	the	DET
dem-1065	153	2	results	result	NOUN
dem-1065	153	3	are	be	AUX
dem-1065	153	4	presented	present	VERB
dem-1065	153	5	in	in	ADP
dem-1065	153	6	table	table	NOUN
dem-1065	153	7	8	8	NUM
dem-1065	153	8	.	.	PUNCT
dem-1065	154	1	moreover	moreover	ADV
dem-1065	154	2	,	,	PUNCT
dem-1065	154	3	in	in	ADP
dem-1065	154	4	the	the	DET
dem-1065	154	5	case	case	NOUN
dem-1065	154	6	of	of	ADP
dem-1065	154	7	the	the	DET
dem-1065	154	8	parameters	parameter	NOUN
dem-1065	154	9	12	12	NUM
dem-1065	154	10	and	and	CCONJ
dem-1065	154	11	21	21	NUM
dem-1065	154	12	,	,	PUNCT
dem-1065	154	13	we	we	PRON
dem-1065	154	14	present	present	VERB
dem-1065	154	15	the	the	DET
dem-1065	154	16	obtained	obtain	VERB
dem-1065	154	17	density	density	NOUN
dem-1065	154	18	functions	function	NOUN
dem-1065	154	19	(	(	PUNCT
dem-1065	154	20	figure	figure	NOUN
dem-1065	154	21	11	11	NUM
dem-1065	154	22	and	and	CCONJ
dem-1065	154	23	12	12	NUM
dem-1065	154	24	)	)	PUNCT
dem-1065	154	25	.	.	PUNCT
dem-1065	155	1	table	table	NOUN
dem-1065	155	2	8	8	NUM
dem-1065	155	3	.	.	PUNCT
dem-1065	156	1	results	result	NOUN
dem-1065	156	2	of	of	ADP
dem-1065	156	3	the	the	DET
dem-1065	156	4	estimation	estimation	NOUN
dem-1065	156	5	of	of	ADP
dem-1065	156	6	gc	gc	PROPN
dem-1065	156	7	-	-	PUNCT
dem-1065	156	8	msv	msv	PROPN
dem-1065	156	9	model	model	NOUN
dem-1065	156	10	for	for	ADP
dem-1065	156	11	hungarian	hungarian	ADJ
dem-1065	156	12	(	(	PUNCT
dem-1065	156	13	1	1	NUM
dem-1065	156	14	)	)	PUNCT
dem-1065	156	15	and	and	CCONJ
dem-1065	156	16	polish	polish	ADJ
dem-1065	156	17	(	(	PUNCT
dem-1065	156	18	2	2	NUM
dem-1065	156	19	)	)	PUNCT
dem-1065	156	20	cds	cd	NOUN
dem-1065	156	21	prices	price	NOUN
dem-1065	156	22	variable	variable	ADJ
dem-1065	156	23	name	name	NOUN
dem-1065	156	24	mean	mean	VERB
dem-1065	156	25	standard	standard	ADJ
dem-1065	156	26	deviation	deviation	NOUN
dem-1065	156	27	mc	mc	NOUN
dem-1065	156	28	error	error	NOUN
dem-1065	156	29	2.5	2.5	NUM
dem-1065	156	30	%	%	NOUN
dem-1065	156	31	percentile	percentile	ADJ
dem-1065	156	32	median	median	NOUN
dem-1065	156	33	97.5	97.5	NUM
dem-1065	156	34	%	%	NOUN
dem-1065	156	35	percentile	percentile	ADJ
dem-1065	156	36	1	1	NUM
dem-1065	156	37	4.063	4.063	NUM
dem-1065	156	38	0.368	0.368	NUM
dem-1065	156	39	0.025	0.025	NUM
dem-1065	156	40	3.340	3.340	NUM
dem-1065	156	41	4.038	4.038	NUM
dem-1065	156	42	4.858	4.858	NUM
dem-1065	156	43	2	2	NUM
dem-1065	156	44	3.100	3.100	NUM
dem-1065	156	45	0.395	0.395	NUM
dem-1065	156	46	0.027	0.027	NUM
dem-1065	156	47	2.332	2.332	NUM
dem-1065	156	48	3.077	3.077	NUM
dem-1065	156	49	3.964	3.964	NUM
dem-1065	156	50	1	1	NUM
dem-1065	156	51	0.697	0.697	NUM
dem-1065	156	52	0.061	0.061	NUM
dem-1065	156	53	0.004	0.004	NUM
dem-1065	156	54	0.566	0.566	NUM
dem-1065	156	55	0.702	0.702	NUM
dem-1065	156	56	0.803	0.803	NUM
dem-1065	156	57	2	2	NUM
dem-1065	156	58	0.877	0.877	NUM
dem-1065	156	59	0.043	0.043	NUM
dem-1065	156	60	0.003	0.003	NUM
dem-1065	156	61	0.785	0.785	NUM
dem-1065	156	62	0.879	0.879	NUM
dem-1065	156	63	0.954	0.954	NUM
dem-1065	156	64	12	12	NOUN
dem-1065	156	65	0.098	0.098	NUM
dem-1065	156	66	0.044	0.044	NUM
dem-1065	156	67	0.003	0.003	NUM
dem-1065	156	68	0.021	0.021	NUM
dem-1065	156	69	0.096	0.096	NUM
dem-1065	156	70	0.192	0.192	NUM
dem-1065	156	71	21	21	NUM
dem-1065	156	72	0.247	0.247	NUM
dem-1065	156	73	0.058	0.058	NUM
dem-1065	156	74	0.004	0.004	NUM
dem-1065	156	75	0.146	0.146	NUM
dem-1065	156	76	0.241	0.241	NUM
dem-1065	156	77	0.373	0.373	NUM
dem-1065	156	78	1	1	NUM
dem-1065	156	79	0.674	0.674	NUM
dem-1065	156	80	0.061	0.061	NUM
dem-1065	156	81	0.004	0.004	NUM
dem-1065	156	82	0.554	0.554	NUM
dem-1065	156	83	0.674	0.674	NUM
dem-1065	156	84	0.796	0.796	NUM
dem-1065	156	85	2	2	NUM
dem-1065	156	86	0.431	0.431	NUM
dem-1065	156	87	0.053	0.053	NUM
dem-1065	156	88	0.005	0.005	NUM
dem-1065	156	89	0.330	0.330	NUM
dem-1065	156	90	0.429	0.429	NUM
dem-1065	156	91	0.537	0.537	NUM
dem-1065	156	92			NOUN
dem-1065	156	93	0.752	0.752	NUM
dem-1065	156	94	0.019	0.019	NUM
dem-1065	156	95	0.001	0.001	NUM
dem-1065	156	96	0.714	0.714	NUM
dem-1065	156	97	0.753	0.753	NUM
dem-1065	156	98	0.789	0.789	NUM
dem-1065	156	99	thus	thus	ADV
dem-1065	156	100	,	,	PUNCT
dem-1065	156	101	we	we	PRON
dem-1065	156	102	conclude	conclude	VERB
dem-1065	156	103	that	that	SCONJ
dem-1065	156	104	there	there	PRON
dem-1065	156	105	exist	exist	VERB
dem-1065	156	106	causality	causality	NOUN
dem-1065	156	107	between	between	ADP
dem-1065	156	108	the	the	DET
dem-1065	156	109	volatility	volatility	NOUN
dem-1065	156	110	of	of	ADP
dem-1065	156	111	polish	polish	ADJ
dem-1065	156	112	and	and	CCONJ
dem-1065	156	113	hungarian	hungarian	ADJ
dem-1065	156	114	cds	cd	NOUN
dem-1065	156	115	contracts	contract	NOUN
dem-1065	156	116	.	.	PUNCT
dem-1065	157	1	based	base	VERB
dem-1065	157	2	upon	upon	SCONJ
dem-1065	157	3	the	the	DET
dem-1065	157	4	obtained	obtain	VERB
dem-1065	157	5	distribution	distribution	NOUN
dem-1065	157	6	we	we	PRON
dem-1065	157	7	can	can	AUX
dem-1065	157	8	conclude	conclude	VERB
dem-1065	157	9	that	that	SCONJ
dem-1065	157	10	the	the	DET
dem-1065	157	11	volatility	volatility	NOUN
dem-1065	157	12	of	of	ADP
dem-1065	157	13	polish	polish	ADJ
dem-1065	157	14	cds	cd	NOUN
dem-1065	157	15	granger	granger	PROPN
dem-1065	157	16	-	-	PUNCT
dem-1065	157	17	causes	cause	VERB
dem-1065	157	18	the	the	DET
dem-1065	157	19	volatility	volatility	NOUN
dem-1065	157	20	of	of	ADP
dem-1065	157	21	hungarian	hungarian	ADJ
dem-1065	157	22	cds	cd	NOUN
dem-1065	157	23	.	.	PUNCT
dem-1065	158	1	since	since	SCONJ
dem-1065	158	2	the	the	DET
dem-1065	158	3	result	result	NOUN
dem-1065	158	4	was	be	AUX
dem-1065	158	5	obtained	obtain	VERB
dem-1065	158	6	for	for	ADP
dem-1065	158	7	the	the	DET
dem-1065	158	8	whole	whole	ADJ
dem-1065	158	9	sample	sample	NOUN
dem-1065	158	10	,	,	PUNCT
dem-1065	158	11	we	we	PRON
dem-1065	158	12	can	can	AUX
dem-1065	158	13	expect	expect	VERB
dem-1065	158	14	that	that	SCONJ
dem-1065	158	15	the	the	DET
dem-1065	158	16	direction	direction	NOUN
dem-1065	158	17	of	of	ADP
dem-1065	158	18	causality	causality	NOUN
dem-1065	158	19	is	be	AUX
dem-1065	158	20	constant	constant	ADJ
dem-1065	158	21	over	over	ADP
dem-1065	158	22	time	time	NOUN
dem-1065	158	23	.	.	PUNCT
dem-1065	159	1	table	table	NOUN
dem-1065	159	2	9	9	NUM
dem-1065	159	3	.	.	PUNCT
dem-1065	159	4	var	var	NOUN
dem-1065	159	5	equation	equation	NOUN
dem-1065	159	6	for	for	ADP
dem-1065	159	7	polish	polish	ADJ
dem-1065	159	8	cds	cd	NOUN
dem-1065	159	9	(	(	PUNCT
dem-1065	159	10	polish	polish	ADJ
dem-1065	159	11	and	and	CCONJ
dem-1065	159	12	czech	czech	ADJ
dem-1065	159	13	cds	cd	NOUN
dem-1065	159	14	in	in	ADP
dem-1065	159	15	the	the	DET
dem-1065	159	16	system	system	NOUN
dem-1065	159	17	)	)	PUNCT
dem-1065	159	18	parameter	parameter	NOUN
dem-1065	159	19	name	name	NOUN
dem-1065	159	20	estimate	estimate	NOUN
dem-1065	159	21	std	std	NOUN
dem-1065	159	22	.	.	NOUN
dem-1065	160	1	error	error	NOUN
dem-1065	160	2	p	p	NOUN
dem-1065	160	3	-	-	PUNCT
dem-1065	160	4	value	value	NOUN
dem-1065	160	5	const	const	NOUN
dem-1065	160	6	.	.	PUNCT
dem-1065	161	1	0.054	0.054	NUM
dem-1065	161	2	0.278	0.278	NUM
dem-1065	161	3	0.847	0.847	NUM
dem-1065	161	4	cdspl(-1	cdspl(-1	PROPN
dem-1065	161	5	)	)	PUNCT
dem-1065	161	6	0.044	0.044	NUM
dem-1065	161	7	0.047	0.047	NUM
dem-1065	161	8	0.356	0.356	NUM
dem-1065	161	9	cdspl(-2	cdspl(-2	NOUN
dem-1065	161	10	)	)	PUNCT
dem-1065	161	11	-0.050	-0.050	PUNCT
dem-1065	162	1	0.048	0.048	NUM
dem-1065	162	2	0.296	0.296	NUM
dem-1065	162	3	cdscz(-1	cdscz(-1	NOUN
dem-1065	162	4	)	)	PUNCT
dem-1065	162	5	0.241	0.241	NUM
dem-1065	162	6	0.057	0.057	NUM
dem-1065	162	7	0	0	NUM
dem-1065	162	8	cdscz(-2	cdscz(-2	NOUN
dem-1065	162	9	)	)	PUNCT
dem-1065	162	10	0.064	0.064	NUM
dem-1065	162	11	0.056	0.056	NUM
dem-1065	162	12	0.259	0.259	NUM
dem-1065	162	13	table	table	NOUN
dem-1065	162	14	10	10	NUM
dem-1065	162	15	.	.	PUNCT
dem-1065	163	1	var	var	NOUN
dem-1065	163	2	equation	equation	NOUN
dem-1065	163	3	for	for	ADP
dem-1065	163	4	czech	czech	ADJ
dem-1065	163	5	cds	cd	NOUN
dem-1065	163	6	(	(	PUNCT
dem-1065	163	7	polish	polish	ADJ
dem-1065	163	8	and	and	CCONJ
dem-1065	163	9	czech	czech	ADJ
dem-1065	163	10	cds	cd	NOUN
dem-1065	163	11	in	in	ADP
dem-1065	163	12	the	the	DET
dem-1065	163	13	system	system	NOUN
dem-1065	163	14	)	)	PUNCT
dem-1065	163	15	parameter	parameter	NOUN
dem-1065	163	16	name	name	NOUN
dem-1065	163	17	estimate	estimate	NOUN
dem-1065	163	18	std	std	NOUN
dem-1065	163	19	.	.	NOUN
dem-1065	164	1	error	error	NOUN
dem-1065	164	2	p	p	NOUN
dem-1065	164	3	-	-	PUNCT
dem-1065	164	4	value	value	NOUN
dem-1065	164	5	const	const	NOUN
dem-1065	164	6	.	.	PUNCT
dem-1065	165	1	0.023	0.023	NUM
dem-1065	165	2	0.227	0.227	NUM
dem-1065	165	3	0.919	0.919	NUM
dem-1065	165	4	cdspl(-1	cdspl(-1	PROPN
dem-1065	165	5	)	)	PUNCT
dem-1065	165	6	0.314	0.314	NUM
dem-1065	165	7	0.039	0.039	NUM
dem-1065	165	8	0	0	NUM
dem-1065	165	9	cdspl(-2	cdspl(-2	NOUN
dem-1065	165	10	)	)	PUNCT
dem-1065	165	11	0.106	0.106	NUM
dem-1065	165	12	0.039	0.039	NUM
dem-1065	165	13	0.006	0.006	NUM
dem-1065	165	14	cdscz(-1	cdscz(-1	NOUN
dem-1065	165	15	)	)	PUNCT
dem-1065	165	16	-0.147	-0.147	PUNCT
dem-1065	165	17	0.047	0.047	NUM
dem-1065	165	18	0.002	0.002	NUM
dem-1065	165	19	cdscz(-2	cdscz(-2	NOUN
dem-1065	165	20	)	)	PUNCT
dem-1065	165	21	-0.184	-0.184	VERB
dem-1065	165	22	0.046	0.046	NUM
dem-1065	165	23	0	0	NUM
dem-1065	165	24	agata	agata	PROPN
dem-1065	165	25	kliber	kliber	PROPN
dem-1065	165	26	122	122	NUM
dem-1065	166	1	we	we	PRON
dem-1065	166	2	followed	follow	VERB
dem-1065	166	3	the	the	DET
dem-1065	166	4	same	same	ADJ
dem-1065	166	5	procedure	procedure	NOUN
dem-1065	166	6	in	in	ADP
dem-1065	166	7	order	order	NOUN
dem-1065	166	8	to	to	PART
dem-1065	166	9	verify	verify	VERB
dem-1065	166	10	the	the	DET
dem-1065	166	11	interactions	interaction	NOUN
dem-1065	166	12	between	between	ADP
dem-1065	166	13	polish	polish	NOUN
dem-1065	166	14	and	and	CCONJ
dem-1065	166	15	czech	czech	ADJ
dem-1065	166	16	,	,	PUNCT
dem-1065	166	17	as	as	ADV
dem-1065	166	18	well	well	ADV
dem-1065	166	19	as	as	ADP
dem-1065	166	20	czech	czech	ADJ
dem-1065	166	21	and	and	CCONJ
dem-1065	166	22	hungarian	hungarian	ADJ
dem-1065	166	23	cds	cd	NOUN
dem-1065	166	24	prices	price	NOUN
dem-1065	166	25	.	.	PUNCT
dem-1065	167	1	the	the	DET
dem-1065	167	2	results	result	NOUN
dem-1065	167	3	are	be	AUX
dem-1065	167	4	presented	present	VERB
dem-1065	167	5	in	in	ADP
dem-1065	167	6	tables	table	NOUN
dem-1065	167	7	9–11	9–11	NOUN
dem-1065	167	8	.	.	PUNCT
dem-1065	168	1	figure	figure	NOUN
dem-1065	168	2	12	12	NUM
dem-1065	168	3	.	.	PUNCT
dem-1065	169	1	density	density	NOUN
dem-1065	169	2	of	of	ADP
dem-1065	169	3	the	the	DET
dem-1065	169	4	parameter	parameter	NOUN
dem-1065	169	5	12	12	PROPN
dem-1065	169	6	(	(	PUNCT
dem-1065	169	7	causality	causality	NOUN
dem-1065	169	8	from	from	ADP
dem-1065	169	9	poland	poland	PROPN
dem-1065	169	10	to	to	ADP
dem-1065	169	11	hungary	hungary	PROPN
dem-1065	169	12	)	)	PUNCT
dem-1065	169	13	figure	figure	NOUN
dem-1065	169	14	13	13	NUM
dem-1065	169	15	.	.	PUNCT
dem-1065	170	1	density	density	NOUN
dem-1065	170	2	of	of	ADP
dem-1065	170	3	the	the	DET
dem-1065	170	4	parameter	parameter	NOUN
dem-1065	170	5	21	21	PROPN
dem-1065	170	6	(	(	PUNCT
dem-1065	170	7	causality	causality	NOUN
dem-1065	170	8	from	from	ADP
dem-1065	170	9	hungary	hungary	PROPN
dem-1065	170	10	to	to	ADP
dem-1065	170	11	poland	poland	PROPN
dem-1065	170	12	)	)	PUNCT
dem-1065	170	13	figure	figure	NOUN
dem-1065	170	14	14	14	NUM
dem-1065	170	15	.	.	PUNCT
dem-1065	171	1	density	density	NOUN
dem-1065	171	2	of	of	ADP
dem-1065	171	3	the	the	DET
dem-1065	171	4	parameter	parameter	NOUN
dem-1065	171	5	21	21	PROPN
dem-1065	171	6	(	(	PUNCT
dem-1065	171	7	causality	causality	NOUN
dem-1065	171	8	from	from	ADP
dem-1065	171	9	poland	poland	PROPN
dem-1065	171	10	to	to	ADP
dem-1065	171	11	czech	czech	PROPN
dem-1065	171	12	republic	republic	NOUN
dem-1065	171	13	)	)	PUNCT
dem-1065	171	14	figure	figure	NOUN
dem-1065	171	15	15	15	NUM
dem-1065	171	16	.	.	PUNCT
dem-1065	172	1	density	density	NOUN
dem-1065	172	2	of	of	ADP
dem-1065	172	3	the	the	DET
dem-1065	172	4	parameter	parameter	NOUN
dem-1065	172	5	12	12	PROPN
dem-1065	172	6	(	(	PUNCT
dem-1065	172	7	causality	causality	NOUN
dem-1065	172	8	from	from	ADP
dem-1065	172	9	czech	czech	PROPN
dem-1065	172	10	republic	republic	NOUN
dem-1065	172	11	to	to	ADP
dem-1065	172	12	poland	poland	PROPN
dem-1065	172	13	)	)	PUNCT
dem-1065	172	14	in	in	ADP
dem-1065	172	15	case	case	NOUN
dem-1065	172	16	of	of	ADP
dem-1065	172	17	the	the	DET
dem-1065	172	18	interactions	interaction	NOUN
dem-1065	172	19	between	between	ADP
dem-1065	172	20	polish	polish	PROPN
dem-1065	172	21	and	and	CCONJ
dem-1065	172	22	czech	czech	ADJ
dem-1065	172	23	cds	cd	NOUN
dem-1065	172	24	prices	price	NOUN
dem-1065	172	25	we	we	PRON
dem-1065	172	26	observe	observe	VERB
dem-1065	172	27	that	that	SCONJ
dem-1065	172	28	polish	polish	ADJ
dem-1065	172	29	cds	cd	NOUN
dem-1065	172	30	price	price	NOUN
dem-1065	172	31	are	be	AUX
dem-1065	172	32	influenced	influence	VERB
dem-1065	172	33	by	by	ADP
dem-1065	172	34	the	the	DET
dem-1065	172	35	prices	price	NOUN
dem-1065	172	36	of	of	ADP
dem-1065	172	37	czech	czech	ADJ
dem-1065	172	38	cds	cd	NOUN
dem-1065	172	39	from	from	ADP
dem-1065	172	40	the	the	DET
dem-1065	172	41	previous	previous	ADJ
dem-1065	172	42	day	day	NOUN
dem-1065	172	43	,	,	PUNCT
dem-1065	172	44	while	while	SCONJ
dem-1065	172	45	the	the	DET
dem-1065	172	46	prices	price	NOUN
dem-1065	172	47	of	of	ADP
dem-1065	172	48	czech	czech	ADJ
dem-1065	172	49	cds	cd	NOUN
dem-1065	172	50	are	be	AUX
dem-1065	172	51	influenced	influence	VERB
dem-1065	172	52	by	by	ADP
dem-1065	172	53	the	the	DET
dem-1065	172	54	prices	price	NOUN
dem-1065	172	55	of	of	ADP
dem-1065	172	56	both	both	CCONJ
dem-1065	172	57	polish	polish	ADJ
dem-1065	172	58	and	and	CCONJ
dem-1065	172	59	hungarian	hungarian	ADJ
dem-1065	172	60	cds	cd	NOUN
dem-1065	172	61	from	from	ADP
dem-1065	172	62	one	one	NUM
dem-1065	172	63	and	and	CCONJ
dem-1065	172	64	two	two	NUM
dem-1065	172	65	days	day	NOUN
dem-1065	172	66	before	before	ADV
dem-1065	172	67	.	.	PUNCT
dem-1065	173	1	in	in	ADP
dem-1065	173	2	case	case	NOUN
dem-1065	173	3	of	of	ADP
dem-1065	173	4	the	the	DET
dem-1065	173	5	second	second	ADJ
dem-1065	173	6	moment	moment	NOUN
dem-1065	173	7	dependency	dependency	NOUN
dem-1065	173	8	,	,	PUNCT
dem-1065	173	9	it	it	PRON
dem-1065	173	10	is	be	AUX
dem-1065	173	11	again	again	ADV
dem-1065	173	12	polish	polish	ADJ
dem-1065	173	13	cds	cd	NOUN
dem-1065	173	14	volatility	volatility	NOUN
dem-1065	173	15	that	that	PRON
dem-1065	173	16	influences	influence	VERB
dem-1065	173	17	the	the	DET
dem-1065	173	18	volatility	volatility	NOUN
dem-1065	173	19	of	of	ADP
dem-1065	173	20	the	the	DET
dem-1065	173	21	czech	czech	ADJ
dem-1065	173	22	cds	cd	NOUN
dem-1065	173	23	(	(	PUNCT
dem-1065	173	24	parameter	parameter	NOUN
dem-1065	173	25	21	21	NUM
dem-1065	173	26	)	)	PUNCT
dem-1065	173	27	.	.	PUNCT
dem-1065	174	1	the	the	DET
dem-1065	174	2	second	second	ADJ
dem-1065	174	3	“	"	PUNCT
dem-1065	174	4	causality	causality	NOUN
dem-1065	174	5	parameter	parameter	NOUN
dem-1065	174	6	”	"	PUNCT
dem-1065	174	7	–	–	PUNCT
dem-1065	174	8	12	12	NUM
dem-1065	174	9	–	–	PUNCT
dem-1065	174	10	takes	take	VERB
dem-1065	174	11	smaller	small	ADJ
dem-1065	174	12	value	value	NOUN
dem-1065	174	13	and	and	CCONJ
dem-1065	174	14	its	its	PRON
dem-1065	174	15	standard	standard	ADJ
dem-1065	174	16	deviation	deviation	NOUN
dem-1065	174	17	amounts	amount	VERB
dem-1065	174	18	to	to	ADP
dem-1065	174	19	60	60	NUM
dem-1065	174	20	%	%	NOUN
dem-1065	174	21	of	of	ADP
dem-1065	174	22	its	its	PRON
dem-1065	174	23	mean	mean	ADJ
dem-1065	174	24	value	value	NOUN
dem-1065	174	25	.	.	PUNCT
dem-1065	175	1	thus	thus	ADV
dem-1065	175	2	,	,	PUNCT
dem-1065	175	3	we	we	PRON
dem-1065	175	4	conclude	conclude	VERB
dem-1065	175	5	that	that	SCONJ
dem-1065	175	6	the	the	DET
dem-1065	175	7	investors	investor	NOUN
dem-1065	175	8	do	do	AUX
dem-1065	175	9	not	not	PART
dem-1065	175	10	assess	assess	VERB
dem-1065	175	11	the	the	DET
dem-1065	175	12	risk	risk	NOUN
dem-1065	175	13	of	of	ADP
dem-1065	175	14	investment	investment	NOUN
dem-1065	175	15	in	in	ADP
dem-1065	175	16	poland	poland	PROPN
dem-1065	175	17	based	base	VERB
dem-1065	175	18	upon	upon	SCONJ
dem-1065	175	19	the	the	DET
dem-1065	175	20	worsening	worsen	VERB
dem-1065	175	21	situation	situation	NOUN
dem-1065	175	22	of	of	ADP
dem-1065	175	23	other	other	ADJ
dem-1065	175	24	central	central	ADJ
dem-1065	175	25	europesovereign	europesovereign	ADJ
dem-1065	175	26	cds	cd	NOUN
dem-1065	175	27	instruments	instrument	NOUN
dem-1065	175	28	in	in	ADP
dem-1065	175	29	central	central	PROPN
dem-1065	175	30	europe	europe	PROPN
dem-1065	175	31	–	–	PUNCT
dem-1065	175	32	linkages	linkage	NOUN
dem-1065	175	33	and	and	CCONJ
dem-1065	175	34	interdependence	interdependence	NOUN
dem-1065	175	35	123	123	NUM
dem-1065	175	36	an	an	DET
dem-1065	175	37	countries	country	NOUN
dem-1065	175	38	,	,	PUNCT
dem-1065	175	39	as	as	ADP
dem-1065	175	40	before	before	ADV
dem-1065	175	41	.	.	PUNCT
dem-1065	176	1	moreover	moreover	ADV
dem-1065	176	2	,	,	PUNCT
dem-1065	176	3	it	it	PRON
dem-1065	176	4	is	be	AUX
dem-1065	176	5	the	the	DET
dem-1065	176	6	volatility	volatility	NOUN
dem-1065	176	7	of	of	ADP
dem-1065	176	8	polish	polish	ADJ
dem-1065	176	9	cds	cd	NOUN
dem-1065	176	10	that	that	PRON
dem-1065	176	11	affects	affect	VERB
dem-1065	176	12	the	the	DET
dem-1065	176	13	volatility	volatility	NOUN
dem-1065	176	14	of	of	ADP
dem-1065	176	15	the	the	DET
dem-1065	176	16	other	other	ADJ
dem-1065	176	17	central	central	ADJ
dem-1065	176	18	european	european	ADJ
dem-1065	176	19	ones	one	NOUN
dem-1065	176	20	the	the	DET
dem-1065	176	21	most	most	ADV
dem-1065	176	22	.	.	PUNCT
dem-1065	177	1	figures	figure	NOUN
dem-1065	177	2	14	14	NUM
dem-1065	177	3	and	and	CCONJ
dem-1065	177	4	15	15	NUM
dem-1065	177	5	present	present	ADJ
dem-1065	177	6	the	the	DET
dem-1065	177	7	obtained	obtain	VERB
dem-1065	177	8	densities	density	NOUN
dem-1065	177	9	of	of	ADP
dem-1065	177	10	the	the	DET
dem-1065	177	11	causality	causality	NOUN
dem-1065	177	12	parameters	parameter	NOUN
dem-1065	177	13	.	.	PUNCT
dem-1065	178	1	eventually	eventually	ADV
dem-1065	178	2	,	,	PUNCT
dem-1065	178	3	we	we	PRON
dem-1065	178	4	investigated	investigate	VERB
dem-1065	178	5	the	the	DET
dem-1065	178	6	causality	causality	NOUN
dem-1065	178	7	patterns	pattern	NOUN
dem-1065	178	8	in	in	ADP
dem-1065	178	9	case	case	NOUN
dem-1065	178	10	of	of	ADP
dem-1065	178	11	hungarian	hungarian	ADJ
dem-1065	178	12	and	and	CCONJ
dem-1065	178	13	czech	czech	ADJ
dem-1065	178	14	cds	cd	NOUN
dem-1065	178	15	prices	price	NOUN
dem-1065	178	16	.	.	PUNCT
dem-1065	179	1	the	the	DET
dem-1065	179	2	results	result	NOUN
dem-1065	179	3	are	be	AUX
dem-1065	179	4	displayed	display	VERB
dem-1065	179	5	in	in	ADP
dem-1065	179	6	tables	table	NOUN
dem-1065	179	7	12–14	12–14	NUM
dem-1065	179	8	.	.	PUNCT
dem-1065	180	1	figure	figure	NOUN
dem-1065	180	2	16	16	NUM
dem-1065	180	3	.	.	PUNCT
dem-1065	181	1	density	density	NOUN
dem-1065	181	2	of	of	ADP
dem-1065	181	3	the	the	DET
dem-1065	181	4	parameter	parameter	NOUN
dem-1065	181	5	21	21	PROPN
dem-1065	181	6	(	(	PUNCT
dem-1065	181	7	causality	causality	NOUN
dem-1065	181	8	from	from	ADP
dem-1065	181	9	czech	czech	PROPN
dem-1065	181	10	republic	republic	NOUN
dem-1065	181	11	to	to	ADP
dem-1065	181	12	hungary	hungary	PROPN
dem-1065	181	13	)	)	PUNCT
dem-1065	181	14	figure	figure	NOUN
dem-1065	181	15	17	17	NUM
dem-1065	181	16	.	.	PUNCT
dem-1065	182	1	density	density	NOUN
dem-1065	182	2	of	of	ADP
dem-1065	182	3	the	the	DET
dem-1065	182	4	parameter	parameter	NOUN
dem-1065	182	5	12	12	PROPN
dem-1065	182	6	(	(	PUNCT
dem-1065	182	7	causality	causality	NOUN
dem-1065	182	8	from	from	ADP
dem-1065	182	9	hungary	hungary	PROPN
dem-1065	182	10	to	to	ADP
dem-1065	182	11	czech	czech	PROPN
dem-1065	182	12	republic	republic	NOUN
dem-1065	182	13	)	)	PUNCT
dem-1065	182	14	table	table	NOUN
dem-1065	182	15	11	11	NUM
dem-1065	182	16	.	.	PUNCT
dem-1065	183	1	results	result	NOUN
dem-1065	183	2	of	of	ADP
dem-1065	183	3	the	the	DET
dem-1065	183	4	estimation	estimation	NOUN
dem-1065	183	5	of	of	ADP
dem-1065	183	6	gc	gc	PROPN
dem-1065	183	7	-	-	PUNCT
dem-1065	183	8	msv	msv	PROPN
dem-1065	183	9	model	model	NOUN
dem-1065	183	10	for	for	ADP
dem-1065	183	11	polish	polish	NOUN
dem-1065	183	12	(	(	PUNCT
dem-1065	183	13	1	1	NUM
dem-1065	183	14	)	)	PUNCT
dem-1065	183	15	and	and	CCONJ
dem-1065	183	16	czech	czech	ADJ
dem-1065	183	17	(	(	PUNCT
dem-1065	183	18	2	2	NUM
dem-1065	183	19	)	)	PUNCT
dem-1065	183	20	cds	cd	NOUN
dem-1065	183	21	prices	price	NOUN
dem-1065	183	22	variable	variable	ADJ
dem-1065	183	23	name	name	NOUN
dem-1065	183	24	mean	mean	VERB
dem-1065	183	25	standard	standard	ADJ
dem-1065	183	26	deviation	deviation	NOUN
dem-1065	183	27	mc	mc	NOUN
dem-1065	183	28	error	error	NOUN
dem-1065	183	29	2.5	2.5	NUM
dem-1065	183	30	%	%	NOUN
dem-1065	183	31	percentile	percentile	ADJ
dem-1065	183	32	median	median	NOUN
dem-1065	183	33	97.5	97.5	NUM
dem-1065	183	34	%	%	NOUN
dem-1065	183	35	percentile	percentile	ADJ
dem-1065	183	36	1	1	NUM
dem-1065	184	1	3.150	3.150	NUM
dem-1065	184	2	0.365	0.365	NUM
dem-1065	184	3	0.027	0.027	NUM
dem-1065	184	4	2.474	2.474	NUM
dem-1065	184	5	3.150	3.150	NUM
dem-1065	184	6	3.942	3.942	NUM
dem-1065	184	7	2	2	NUM
dem-1065	184	8	2.196	2.196	NUM
dem-1065	184	9	0.421	0.421	NUM
dem-1065	184	10	0.031	0.031	NUM
dem-1065	184	11	1.419	1.419	NUM
dem-1065	184	12	2.190	2.190	NUM
dem-1065	184	13	3.097	3.097	NUM
dem-1065	184	14	1	1	NUM
dem-1065	184	15	0.844	0.844	NUM
dem-1065	184	16	0.080	0.080	NUM
dem-1065	184	17	0.006	0.006	NUM
dem-1065	184	18	0.666	0.666	NUM
dem-1065	184	19	0.856	0.856	NUM
dem-1065	184	20	0.969	0.969	NUM
dem-1065	184	21	2	2	NUM
dem-1065	185	1	0.558	0.558	NUM
dem-1065	185	2	0.125	0.125	NUM
dem-1065	185	3	0.010	0.010	NUM
dem-1065	185	4	0.283	0.283	NUM
dem-1065	185	5	0.562	0.562	NUM
dem-1065	185	6	0.767	0.767	NUM
dem-1065	185	7	12	12	NUM
dem-1065	185	8	0.106	0.106	NUM
dem-1065	185	9	0.065	0.065	NUM
dem-1065	185	10	0.005	0.005	NUM
dem-1065	185	11	0.003	0.003	NUM
dem-1065	185	12	0.096	0.096	NUM
dem-1065	185	13	0.250	0.250	NUM
dem-1065	185	14	21	21	NUM
dem-1065	185	15	0.499	0.499	NUM
dem-1065	185	16	0.151	0.151	NUM
dem-1065	185	17	0.012	0.012	NUM
dem-1065	185	18	0.251	0.251	NUM
dem-1065	185	19	0.493	0.493	NUM
dem-1065	185	20	0.828	0.828	NUM
dem-1065	185	21	1	1	NUM
dem-1065	185	22	0.422	0.422	NUM
dem-1065	185	23	0.073	0.073	NUM
dem-1065	185	24	0.006	0.006	NUM
dem-1065	185	25	0.307	0.307	NUM
dem-1065	185	26	0.412	0.412	NUM
dem-1065	185	27	0.590	0.590	NUM
dem-1065	185	28	2	2	NUM
dem-1065	185	29	0.574	0.574	NUM
dem-1065	185	30	0.095	0.095	NUM
dem-1065	185	31	0.007	0.007	NUM
dem-1065	185	32	0.388	0.388	NUM
dem-1065	185	33	0.572	0.572	NUM
dem-1065	185	34	0.766	0.766	NUM
dem-1065	185	35			VERB
dem-1065	185	36	0.622	0.622	NUM
dem-1065	185	37	0.026	0.026	NUM
dem-1065	185	38	0.001	0.001	NUM
dem-1065	185	39	0.568	0.568	NUM
dem-1065	185	40	0.622	0.622	NUM
dem-1065	185	41	0.669	0.669	NUM
dem-1065	185	42	based	base	VERB
dem-1065	185	43	upon	upon	SCONJ
dem-1065	185	44	the	the	DET
dem-1065	185	45	estimated	estimate	VERB
dem-1065	185	46	var	var	NOUN
dem-1065	185	47	model	model	NOUN
dem-1065	185	48	we	we	PRON
dem-1065	185	49	can	can	AUX
dem-1065	185	50	conclude	conclude	VERB
dem-1065	185	51	that	that	SCONJ
dem-1065	185	52	the	the	DET
dem-1065	185	53	price	price	NOUN
dem-1065	185	54	of	of	ADP
dem-1065	185	55	czech	czech	ADJ
dem-1065	185	56	cds	cd	NOUN
dem-1065	185	57	depended	depend	VERB
dem-1065	185	58	on	on	ADP
dem-1065	185	59	the	the	DET
dem-1065	185	60	past	past	ADJ
dem-1065	185	61	values	value	NOUN
dem-1065	185	62	of	of	ADP
dem-1065	185	63	itself	itself	PRON
dem-1065	185	64	and	and	CCONJ
dem-1065	185	65	hungarian	hungarian	ADJ
dem-1065	185	66	cds	cd	NOUN
dem-1065	185	67	price	price	NOUN
dem-1065	185	68	.	.	PUNCT
dem-1065	186	1	in	in	ADP
dem-1065	186	2	case	case	NOUN
dem-1065	186	3	of	of	ADP
dem-1065	186	4	the	the	DET
dem-1065	186	5	causality	causality	NOUN
dem-1065	186	6	in	in	ADP
dem-1065	186	7	the	the	DET
dem-1065	186	8	second	second	ADJ
dem-1065	186	9	moments	moment	NOUN
dem-1065	186	10	,	,	PUNCT
dem-1065	186	11	we	we	PRON
dem-1065	186	12	observe	observe	VERB
dem-1065	186	13	small	small	ADJ
dem-1065	186	14	values	value	NOUN
dem-1065	186	15	of	of	ADP
dem-1065	186	16	the	the	DET
dem-1065	186	17	“	"	PUNCT
dem-1065	186	18	causality	causality	NOUN
dem-1065	186	19	coefficients	coefficient	NOUN
dem-1065	186	20	”	"	PUNCT
dem-1065	186	21	.	.	PUNCT
dem-1065	187	1	although	although	SCONJ
dem-1065	187	2	the	the	DET
dem-1065	187	3	value	value	NOUN
dem-1065	187	4	of	of	ADP
dem-1065	187	5	12	12	NUM
dem-1065	187	6	is	be	AUX
dem-1065	187	7	more	more	ADJ
dem-1065	187	8	than	than	ADP
dem-1065	187	9	two	two	NUM
dem-1065	187	10	times	time	NOUN
dem-1065	187	11	higher	high	ADJ
dem-1065	187	12	than	than	ADP
dem-1065	187	13	the	the	DET
dem-1065	187	14	one	one	NUM
dem-1065	187	15	of	of	ADP
dem-1065	187	16	21	21	NUM
dem-1065	187	17	,	,	PUNCT
dem-1065	187	18	in	in	ADP
dem-1065	187	19	both	both	DET
dem-1065	187	20	cases	case	NOUN
dem-1065	187	21	the	the	DET
dem-1065	187	22	standard	standard	ADJ
dem-1065	187	23	deviation	deviation	NOUN
dem-1065	187	24	of	of	ADP
dem-1065	187	25	the	the	DET
dem-1065	187	26	obtained	obtain	VERB
dem-1065	187	27	coefficients	coefficient	NOUN
dem-1065	187	28	exceed	exceed	VERB
dem-1065	187	29	35	35	NUM
dem-1065	187	30	%	%	NOUN
dem-1065	187	31	of	of	ADP
dem-1065	187	32	their	their	PRON
dem-1065	187	33	means	mean	NOUN
dem-1065	187	34	.	.	PUNCT
dem-1065	188	1	thus	thus	ADV
dem-1065	188	2	,	,	PUNCT
dem-1065	188	3	we	we	PRON
dem-1065	188	4	can	can	AUX
dem-1065	188	5	expect	expect	VERB
dem-1065	188	6	bivariate	bivariate	ADJ
dem-1065	188	7	causality	causality	NOUN
dem-1065	188	8	on	on	ADP
dem-1065	188	9	agata	agata	PROPN
dem-1065	188	10	kliber	kliber	PROPN
dem-1065	188	11	124	124	NUM
dem-1065	188	12	quite	quite	ADV
dem-1065	188	13	low	low	ADJ
dem-1065	188	14	level	level	NOUN
dem-1065	188	15	,	,	PUNCT
dem-1065	188	16	a	a	DET
dem-1065	188	17	little	little	ADV
dem-1065	188	18	higher	high	ADJ
dem-1065	188	19	in	in	ADP
dem-1065	188	20	case	case	NOUN
dem-1065	188	21	of	of	ADP
dem-1065	188	22	hungarian	hungarian	ADJ
dem-1065	188	23	influence	influence	NOUN
dem-1065	188	24	on	on	ADP
dem-1065	188	25	the	the	DET
dem-1065	188	26	volatility	volatility	NOUN
dem-1065	188	27	of	of	ADP
dem-1065	188	28	czech	czech	ADJ
dem-1065	188	29	cds	cd	NOUN
dem-1065	188	30	.	.	PUNCT
dem-1065	189	1	the	the	DET
dem-1065	189	2	results	result	NOUN
dem-1065	189	3	are	be	AUX
dem-1065	189	4	presented	present	VERB
dem-1065	189	5	in	in	ADP
dem-1065	189	6	figure	figure	NOUN
dem-1065	189	7	16	16	NUM
dem-1065	189	8	and	and	CCONJ
dem-1065	189	9	17	17	NUM
dem-1065	189	10	.	.	PUNCT
dem-1065	189	11	table	table	NOUN
dem-1065	189	12	12	12	NUM
dem-1065	189	13	.	.	PUNCT
dem-1065	190	1	var	var	NOUN
dem-1065	190	2	equation	equation	NOUN
dem-1065	190	3	for	for	ADP
dem-1065	190	4	czech	czech	ADJ
dem-1065	190	5	cds	cd	NOUN
dem-1065	190	6	(	(	PUNCT
dem-1065	190	7	czech	czech	PROPN
dem-1065	190	8	and	and	CCONJ
dem-1065	190	9	hungarian	hungarian	ADJ
dem-1065	190	10	cds	cd	NOUN
dem-1065	190	11	in	in	ADP
dem-1065	190	12	the	the	DET
dem-1065	190	13	system	system	NOUN
dem-1065	190	14	)	)	PUNCT
dem-1065	190	15	parameter	parameter	NOUN
dem-1065	190	16	name	name	NOUN
dem-1065	190	17	estimate	estimate	NOUN
dem-1065	190	18	std	std	NOUN
dem-1065	190	19	.	.	NOUN
dem-1065	191	1	error	error	NOUN
dem-1065	191	2	p	p	NOUN
dem-1065	191	3	-	-	PUNCT
dem-1065	191	4	value	value	NOUN
dem-1065	191	5	const	const	NOUN
dem-1065	191	6	.	.	PUNCT
dem-1065	192	1	0.025	0.025	NUM
dem-1065	192	2	0.228	0.228	NUM
dem-1065	192	3	0.914	0.914	NUM
dem-1065	192	4	cdscz(-1	cdscz(-1	NOUN
dem-1065	192	5	)	)	PUNCT
dem-1065	192	6	-0.095	-0.095	NUM
dem-1065	192	7	0.043	0.043	NUM
dem-1065	192	8	0.027	0.027	NUM
dem-1065	192	9	cdshu(-1	cdshu(-1	ADJ
dem-1065	192	10	)	)	PUNCT
dem-1065	192	11	0.161	0.161	NUM
dem-1065	192	12	0.021	0.021	NUM
dem-1065	192	13	0	0	NUM
dem-1065	192	14	table	table	NOUN
dem-1065	192	15	13	13	NUM
dem-1065	192	16	.	.	PUNCT
dem-1065	193	1	var	var	NOUN
dem-1065	193	2	equation	equation	NOUN
dem-1065	193	3	for	for	ADP
dem-1065	193	4	hungarian	hungarian	ADJ
dem-1065	193	5	cds	cd	NOUN
dem-1065	193	6	(	(	PUNCT
dem-1065	193	7	czech	czech	PROPN
dem-1065	193	8	and	and	CCONJ
dem-1065	193	9	hungarian	hungarian	ADJ
dem-1065	193	10	cds	cd	NOUN
dem-1065	193	11	in	in	ADP
dem-1065	193	12	the	the	DET
dem-1065	193	13	system	system	NOUN
dem-1065	193	14	)	)	PUNCT
dem-1065	193	15	parameter	parameter	NOUN
dem-1065	193	16	name	name	NOUN
dem-1065	193	17	estimate	estimate	NOUN
dem-1065	193	18	std	std	NOUN
dem-1065	193	19	.	.	NOUN
dem-1065	194	1	error	error	NOUN
dem-1065	194	2	p	p	NOUN
dem-1065	194	3	-	-	PUNCT
dem-1065	194	4	value	value	NOUN
dem-1065	194	5	const	const	NOUN
dem-1065	194	6	.	.	PUNCT
dem-1065	195	1	0.078	0.078	NUM
dem-1065	195	2	0.481	0.481	NUM
dem-1065	195	3	0.871	0.871	NUM
dem-1065	195	4	cdscz(-1	cdscz(-1	NOUN
dem-1065	195	5	)	)	PUNCT
dem-1065	195	6	0.143	0.143	NUM
dem-1065	195	7	0.091	0.091	NUM
dem-1065	195	8	0.114	0.114	NUM
dem-1065	195	9	cdshu(-1	cdshu(-1	ADJ
dem-1065	195	10	)	)	PUNCT
dem-1065	195	11	0.213	0.213	NUM
dem-1065	195	12	0.043	0.043	NUM
dem-1065	195	13	0	0	NUM
dem-1065	195	14	table	table	NOUN
dem-1065	195	15	14	14	NUM
dem-1065	195	16	.	.	PUNCT
dem-1065	196	1	results	result	NOUN
dem-1065	196	2	of	of	ADP
dem-1065	196	3	the	the	DET
dem-1065	196	4	estimation	estimation	NOUN
dem-1065	196	5	of	of	ADP
dem-1065	196	6	gc	gc	PROPN
dem-1065	196	7	-	-	PUNCT
dem-1065	196	8	msv	msv	PROPN
dem-1065	196	9	model	model	NOUN
dem-1065	196	10	for	for	ADP
dem-1065	196	11	czech	czech	PROPN
dem-1065	196	12	(	(	PUNCT
dem-1065	196	13	1	1	NUM
dem-1065	196	14	)	)	PUNCT
dem-1065	196	15	and	and	CCONJ
dem-1065	196	16	hungarian	hungarian	ADJ
dem-1065	196	17	(	(	PUNCT
dem-1065	196	18	2	2	NUM
dem-1065	196	19	)	)	PUNCT
dem-1065	196	20	cds	cd	NOUN
dem-1065	196	21	prices	price	NOUN
dem-1065	196	22	variable	variable	ADJ
dem-1065	196	23	name	name	NOUN
dem-1065	196	24	mean	mean	VERB
dem-1065	196	25	standard	standard	ADJ
dem-1065	196	26	deviation	deviation	NOUN
dem-1065	196	27	mc	mc	NOUN
dem-1065	196	28	error	error	NOUN
dem-1065	196	29	2.5	2.5	NUM
dem-1065	196	30	%	%	NOUN
dem-1065	196	31	percentile	percentile	ADJ
dem-1065	196	32	median	median	NOUN
dem-1065	196	33	97.5	97.5	NUM
dem-1065	196	34	%	%	NOUN
dem-1065	196	35	percentile	percentile	ADJ
dem-1065	196	36	1	1	NUM
dem-1065	196	37	2.053	2.053	NUM
dem-1065	196	38	0.394	0.394	NUM
dem-1065	196	39	0.026	0.026	NUM
dem-1065	196	40	1.284	1.284	NUM
dem-1065	196	41	2.051	2.051	NUM
dem-1065	196	42	2.878	2.878	NUM
dem-1065	196	43	2	2	NUM
dem-1065	196	44	4.040	4.040	NUM
dem-1065	196	45	0.334	0.334	NUM
dem-1065	196	46	0.022	0.022	NUM
dem-1065	196	47	3.373	3.373	NUM
dem-1065	196	48	4.035	4.035	NUM
dem-1065	196	49	4.706	4.706	NUM
dem-1065	196	50	1	1	NUM
dem-1065	196	51	0.700	0.700	NUM
dem-1065	196	52	0.091	0.091	NUM
dem-1065	196	53	0.008	0.008	NUM
dem-1065	196	54	0.501	0.501	NUM
dem-1065	196	55	0.714	0.714	NUM
dem-1065	196	56	0.839	0.839	NUM
dem-1065	196	57	2	2	NUM
dem-1065	196	58	0.772	0.772	NUM
dem-1065	196	59	0.068	0.068	NUM
dem-1065	196	60	0.006	0.006	NUM
dem-1065	196	61	0.621	0.621	NUM
dem-1065	196	62	0.777	0.777	NUM
dem-1065	196	63	0.897	0.897	NUM
dem-1065	196	64	12	12	NUM
dem-1065	196	65	0.312	0.312	NUM
dem-1065	196	66	0.109	0.109	NUM
dem-1065	196	67	0.010	0.010	NUM
dem-1065	196	68	0.153	0.153	NUM
dem-1065	196	69	0.293	0.293	NUM
dem-1065	196	70	0.562	0.562	NUM
dem-1065	196	71	21	21	NUM
dem-1065	196	72	0.138	0.138	NUM
dem-1065	196	73	0.055	0.055	NUM
dem-1065	196	74	0.004	0.004	NUM
dem-1065	196	75	0.041	0.041	NUM
dem-1065	196	76	0.134	0.134	NUM
dem-1065	196	77	0.260	0.260	NUM
dem-1065	196	78	1	1	NUM
dem-1065	196	79	0.719	0.719	NUM
dem-1065	196	80	0.096	0.096	NUM
dem-1065	196	81	0.009	0.009	NUM
dem-1065	196	82	0.562	0.562	NUM
dem-1065	196	83	0.704	0.704	NUM
dem-1065	196	84	0.918	0.918	NUM
dem-1065	196	85	2	2	NUM
dem-1065	196	86	0.669	0.669	NUM
dem-1065	196	87	0.089	0.089	NUM
dem-1065	196	88	0.008	0.008	NUM
dem-1065	196	89	0.465	0.465	NUM
dem-1065	196	90	0.670	0.670	NUM
dem-1065	196	91	0.841	0.841	NUM
dem-1065	196	92			NOUN
dem-1065	196	93	0.588	0.588	NUM
dem-1065	196	94	0.028	0.028	NUM
dem-1065	196	95	0.001	0.001	NUM
dem-1065	196	96	0.532	0.532	NUM
dem-1065	196	97	0.588	0.588	NUM
dem-1065	196	98	0.641	0.641	NUM
dem-1065	196	99	conclusions	conclusion	NOUN
dem-1065	196	100	the	the	DET
dem-1065	196	101	aim	aim	NOUN
dem-1065	196	102	of	of	ADP
dem-1065	196	103	the	the	DET
dem-1065	196	104	research	research	NOUN
dem-1065	196	105	was	be	AUX
dem-1065	196	106	to	to	PART
dem-1065	196	107	verify	verify	VERB
dem-1065	196	108	whether	whether	SCONJ
dem-1065	196	109	there	there	PRON
dem-1065	196	110	appear	appear	VERB
dem-1065	196	111	significant	significant	ADJ
dem-1065	196	112	interactions	interaction	NOUN
dem-1065	196	113	between	between	ADP
dem-1065	196	114	volatilities	volatility	NOUN
dem-1065	196	115	of	of	ADP
dem-1065	196	116	the	the	DET
dem-1065	196	117	central	central	ADJ
dem-1065	196	118	european	european	ADJ
dem-1065	196	119	cds	cd	NOUN
dem-1065	196	120	prices	price	NOUN
dem-1065	196	121	,	,	PUNCT
dem-1065	196	122	suggesting	suggest	VERB
dem-1065	196	123	that	that	SCONJ
dem-1065	196	124	their	their	PRON
dem-1065	196	125	price	price	NOUN
dem-1065	196	126	can	can	AUX
dem-1065	196	127	be	be	AUX
dem-1065	196	128	influenced	influence	VERB
dem-1065	196	129	not	not	PART
dem-1065	196	130	only	only	ADV
dem-1065	196	131	by	by	ADP
dem-1065	196	132	fundamentals	fundamental	NOUN
dem-1065	196	133	,	,	PUNCT
dem-1065	196	134	but	but	CCONJ
dem-1065	196	135	also	also	ADV
dem-1065	196	136	by	by	ADP
dem-1065	196	137	expectations	expectation	NOUN
dem-1065	196	138	(	(	PUNCT
dem-1065	196	139	sunspot	sunspot	NOUN
dem-1065	196	140	event	event	NOUN
dem-1065	196	141	)	)	PUNCT
dem-1065	196	142	.	.	PUNCT
dem-1065	197	1	to	to	PART
dem-1065	197	2	verify	verify	VERB
dem-1065	197	3	this	this	PRON
dem-1065	197	4	,	,	PUNCT
dem-1065	197	5	first	first	ADJ
dem-1065	197	6	univariate	univariate	ADJ
dem-1065	197	7	volatility	volatility	NOUN
dem-1065	197	8	models	model	NOUN
dem-1065	197	9	were	be	AUX
dem-1065	197	10	estimated	estimate	VERB
dem-1065	197	11	to	to	PART
dem-1065	197	12	check	check	VERB
dem-1065	197	13	for	for	ADP
dem-1065	197	14	the	the	DET
dem-1065	197	15	periods	period	NOUN
dem-1065	197	16	of	of	ADP
dem-1065	197	17	volatility	volatility	NOUN
dem-1065	197	18	growth	growth	NOUN
dem-1065	197	19	.	.	PUNCT
dem-1065	198	1	next	next	ADV
dem-1065	198	2	,	,	PUNCT
dem-1065	198	3	the	the	DET
dem-1065	198	4	cheung	cheung	PROPN
dem-1065	198	5	-	-	PUNCT
dem-1065	198	6	ng	ng	PROPN
dem-1065	198	7	test	test	NOUN
dem-1065	198	8	for	for	ADP
dem-1065	198	9	noncausality	noncausality	NOUN
dem-1065	198	10	in	in	ADP
dem-1065	198	11	variance	variance	NOUN
dem-1065	198	12	was	be	AUX
dem-1065	198	13	run	run	VERB
dem-1065	198	14	,	,	PUNCT
dem-1065	198	15	using	use	VERB
dem-1065	198	16	the	the	DET
dem-1065	198	17	rolling	rolling	NOUN
dem-1065	198	18	-	-	PUNCT
dem-1065	198	19	over	over	ADP
dem-1065	198	20	approach	approach	NOUN
dem-1065	198	21	and	and	CCONJ
dem-1065	198	22	the	the	DET
dem-1065	198	23	test	test	NOUN
dem-1065	198	24	version	version	NOUN
dem-1065	198	25	suitable	suitable	ADJ
dem-1065	198	26	for	for	ADP
dem-1065	198	27	the	the	DET
dem-1065	198	28	small	small	ADJ
dem-1065	198	29	samples	sample	NOUN
dem-1065	198	30	.	.	PUNCT
dem-1065	199	1	the	the	DET
dem-1065	199	2	author	author	NOUN
dem-1065	199	3	was	be	AUX
dem-1065	199	4	interested	interested	ADJ
dem-1065	199	5	in	in	ADP
dem-1065	199	6	revealing	reveal	VERB
dem-1065	199	7	the	the	DET
dem-1065	199	8	possible	possible	ADJ
dem-1065	199	9	sources	source	NOUN
dem-1065	199	10	of	of	ADP
dem-1065	199	11	the	the	DET
dem-1065	199	12	volatility	volatility	NOUN
dem-1065	199	13	growth	growth	NOUN
dem-1065	199	14	in	in	ADP
dem-1065	199	15	case	case	NOUN
dem-1065	199	16	of	of	ADP
dem-1065	199	17	the	the	DET
dem-1065	199	18	cds	cd	NOUN
dem-1065	199	19	prices	price	NOUN
dem-1065	199	20	in	in	ADP
dem-1065	199	21	the	the	DET
dem-1065	199	22	three	three	NUM
dem-1065	199	23	countries	country	NOUN
dem-1065	199	24	,	,	PUNCT
dem-1065	199	25	in	in	ADP
dem-1065	199	26	spring	spring	NOUN
dem-1065	199	27	2010	2010	NUM
dem-1065	199	28	.	.	PUNCT
dem-1065	200	1	usually	usually	ADV
dem-1065	200	2	the	the	DET
dem-1065	200	3	situation	situation	NOUN
dem-1065	200	4	of	of	ADP
dem-1065	200	5	volatility	volatility	NOUN
dem-1065	200	6	growth	growth	NOUN
dem-1065	200	7	is	be	AUX
dem-1065	200	8	associated	associate	VERB
dem-1065	200	9	with	with	ADP
dem-1065	200	10	the	the	DET
dem-1065	200	11	occurrence	occurrence	NOUN
dem-1065	200	12	of	of	ADP
dem-1065	200	13	sunspot	sunspot	NOUN
dem-1065	200	14	event	event	NOUN
dem-1065	200	15	.	.	PUNCT
dem-1065	201	1	there	there	PRON
dem-1065	201	2	may	may	AUX
dem-1065	201	3	have	have	AUX
dem-1065	201	4	been	be	AUX
dem-1065	201	5	two	two	NUM
dem-1065	201	6	sources	source	NOUN
dem-1065	201	7	of	of	ADP
dem-1065	201	8	such	such	ADJ
dem-1065	201	9	contagion	contagion	NOUN
dem-1065	201	10	–	–	PUNCT
dem-1065	201	11	either	either	CCONJ
dem-1065	201	12	the	the	DET
dem-1065	201	13	global	global	ADJ
dem-1065	201	14	growth	growth	NOUN
dem-1065	201	15	of	of	ADP
dem-1065	201	16	risk	risk	NOUN
dem-1065	201	17	aversion	aversion	NOUN
dem-1065	201	18	due	due	ADP
dem-1065	201	19	to	to	ADP
dem-1065	201	20	the	the	DET
dem-1065	201	21	greek	greek	ADJ
dem-1065	201	22	crisis	crisis	NOUN
dem-1065	201	23	,	,	PUNCT
dem-1065	201	24	or	or	CCONJ
dem-1065	201	25	the	the	DET
dem-1065	201	26	local	local	ADJ
dem-1065	201	27	turmoil	turmoil	NOUN
dem-1065	201	28	caused	cause	VERB
dem-1065	201	29	by	by	ADP
dem-1065	201	30	the	the	DET
dem-1065	201	31	worsening	worsen	VERB
dem-1065	201	32	economic	economic	ADJ
dem-1065	201	33	situation	situation	NOUN
dem-1065	201	34	of	of	ADP
dem-1065	201	35	hungary	hungary	PROPN
dem-1065	201	36	.	.	PUNCT
dem-1065	202	1	it	it	PRON
dem-1065	202	2	appeared	appear	VERB
dem-1065	202	3	,	,	PUNCT
dem-1065	202	4	however	however	ADV
dem-1065	202	5	,	,	PUNCT
dem-1065	202	6	that	that	SCONJ
dem-1065	202	7	the	the	DET
dem-1065	202	8	moments	moment	NOUN
dem-1065	202	9	in	in	ADP
dem-1065	202	10	which	which	PRON
dem-1065	202	11	the	the	DET
dem-1065	202	12	null	null	ADJ
dem-1065	202	13	hypothesis	hypothesis	NOUN
dem-1065	202	14	of	of	ADP
dem-1065	202	15	nonsovereign	nonsovereign	ADJ
dem-1065	202	16	cds	cd	NOUN
dem-1065	202	17	instruments	instrument	NOUN
dem-1065	202	18	in	in	ADP
dem-1065	202	19	central	central	PROPN
dem-1065	202	20	europe	europe	PROPN
dem-1065	202	21	–	–	PUNCT
dem-1065	202	22	linkages	linkage	NOUN
dem-1065	202	23	and	and	CCONJ
dem-1065	202	24	interdependence	interdependence	NOUN
dem-1065	202	25	125	125	NUM
dem-1065	202	26	causality	causality	NOUN
dem-1065	202	27	in	in	ADP
dem-1065	202	28	the	the	DET
dem-1065	202	29	pairs	pair	NOUN
dem-1065	202	30	including	include	VERB
dem-1065	202	31	hungary	hungary	PROPN
dem-1065	202	32	was	be	AUX
dem-1065	202	33	not	not	PART
dem-1065	202	34	rejected	reject	VERB
dem-1065	202	35	,	,	PUNCT
dem-1065	202	36	overlapped	overlap	VERB
dem-1065	202	37	with	with	ADP
dem-1065	202	38	the	the	DET
dem-1065	202	39	moment	moment	NOUN
dem-1065	202	40	of	of	ADP
dem-1065	202	41	hungarian	hungarian	ADJ
dem-1065	202	42	crisis	crisis	NOUN
dem-1065	202	43	in	in	ADP
dem-1065	202	44	2010	2010	NUM
dem-1065	202	45	.	.	PUNCT
dem-1065	203	1	it	it	PRON
dem-1065	203	2	was	be	AUX
dem-1065	203	3	also	also	ADV
dem-1065	203	4	observed	observe	VERB
dem-1065	203	5	that	that	SCONJ
dem-1065	203	6	the	the	DET
dem-1065	203	7	periods	period	NOUN
dem-1065	203	8	of	of	ADP
dem-1065	203	9	higher	high	ADJ
dem-1065	203	10	volatility	volatility	NOUN
dem-1065	203	11	in	in	ADP
dem-1065	203	12	hungary	hungary	PROPN
dem-1065	203	13	did	do	AUX
dem-1065	203	14	not	not	PART
dem-1065	203	15	have	have	VERB
dem-1065	203	16	equivalents	equivalent	NOUN
dem-1065	203	17	in	in	ADP
dem-1065	203	18	polish	polish	PROPN
dem-1065	203	19	and	and	CCONJ
dem-1065	203	20	czech	czech	ADJ
dem-1065	203	21	cds	cd	NOUN
dem-1065	203	22	volatility	volatility	NOUN
dem-1065	203	23	.	.	PUNCT
dem-1065	204	1	such	such	ADJ
dem-1065	204	2	situation	situation	NOUN
dem-1065	204	3	can	can	AUX
dem-1065	204	4	indicate	indicate	VERB
dem-1065	204	5	that	that	SCONJ
dem-1065	204	6	the	the	DET
dem-1065	204	7	investors	investor	NOUN
dem-1065	204	8	do	do	AUX
dem-1065	204	9	not	not	PART
dem-1065	204	10	expect	expect	VERB
dem-1065	204	11	the	the	DET
dem-1065	204	12	crisis	crisis	NOUN
dem-1065	204	13	outbreak	outbreak	NOUN
dem-1065	204	14	in	in	ADP
dem-1065	204	15	poland	poland	PROPN
dem-1065	204	16	or	or	CCONJ
dem-1065	204	17	czech	czech	PROPN
dem-1065	204	18	republic	republic	NOUN
dem-1065	204	19	when	when	SCONJ
dem-1065	204	20	it	it	PRON
dem-1065	204	21	happens	happen	VERB
dem-1065	204	22	in	in	ADP
dem-1065	204	23	hungary	hungary	PROPN
dem-1065	204	24	and	and	CCONJ
dem-1065	204	25	they	they	PRON
dem-1065	204	26	do	do	AUX
dem-1065	204	27	not	not	PART
dem-1065	204	28	assess	assess	VERB
dem-1065	204	29	the	the	DET
dem-1065	204	30	risk	risk	NOUN
dem-1065	204	31	of	of	ADP
dem-1065	204	32	investment	investment	NOUN
dem-1065	204	33	in	in	ADP
dem-1065	204	34	the	the	DET
dem-1065	204	35	whole	whole	ADJ
dem-1065	204	36	central	central	PROPN
dem-1065	204	37	europe	europe	PROPN
dem-1065	204	38	based	base	VERB
dem-1065	204	39	upon	upon	SCONJ
dem-1065	204	40	the	the	DET
dem-1065	204	41	situation	situation	NOUN
dem-1065	204	42	in	in	ADP
dem-1065	204	43	the	the	DET
dem-1065	204	44	country	country	NOUN
dem-1065	204	45	of	of	ADP
dem-1065	204	46	weaker	weak	ADJ
dem-1065	204	47	fundamentals	fundamental	NOUN
dem-1065	204	48	.	.	PUNCT
dem-1065	205	1	eventually	eventually	ADV
dem-1065	205	2	,	,	PUNCT
dem-1065	205	3	yet	yet	CCONJ
dem-1065	205	4	anoher	anoher	ADJ
dem-1065	205	5	test	test	NOUN
dem-1065	205	6	for	for	ADP
dem-1065	205	7	causality	causality	NOUN
dem-1065	205	8	in	in	ADP
dem-1065	205	9	variance	variance	NOUN
dem-1065	205	10	was	be	AUX
dem-1065	205	11	performed	perform	VERB
dem-1065	205	12	,	,	PUNCT
dem-1065	205	13	through	through	ADP
dem-1065	205	14	estimating	estimate	VERB
dem-1065	205	15	bivariate	bivariate	ADJ
dem-1065	205	16	stochastic	stochastic	ADJ
dem-1065	205	17	volatility	volatility	NOUN
dem-1065	205	18	models	model	NOUN
dem-1065	205	19	with	with	ADP
dem-1065	205	20	granger	granger	PROPN
dem-1065	205	21	causality	causality	PROPN
dem-1065	205	22	for	for	ADP
dem-1065	205	23	each	each	DET
dem-1065	205	24	pair	pair	NOUN
dem-1065	205	25	of	of	ADP
dem-1065	205	26	instruments	instrument	NOUN
dem-1065	205	27	.	.	PUNCT
dem-1065	206	1	the	the	DET
dem-1065	206	2	results	result	NOUN
dem-1065	206	3	are	be	AUX
dem-1065	206	4	clear	clear	ADJ
dem-1065	206	5	:	:	PUNCT
dem-1065	206	6	there	there	PRON
dem-1065	206	7	is	be	VERB
dem-1065	206	8	a	a	DET
dem-1065	206	9	strong	strong	ADJ
dem-1065	206	10	causality	causality	NOUN
dem-1065	206	11	from	from	ADP
dem-1065	206	12	polish	polish	ADJ
dem-1065	206	13	cds	cd	NOUN
dem-1065	206	14	volatility	volatility	NOUN
dem-1065	206	15	to	to	ADP
dem-1065	206	16	the	the	DET
dem-1065	206	17	volatility	volatility	NOUN
dem-1065	206	18	of	of	ADP
dem-1065	206	19	the	the	DET
dem-1065	206	20	rest	rest	NOUN
dem-1065	206	21	cds	cd	NOUN
dem-1065	206	22	prices	price	NOUN
dem-1065	206	23	.	.	PUNCT
dem-1065	207	1	the	the	DET
dem-1065	207	2	increase	increase	NOUN
dem-1065	207	3	in	in	ADP
dem-1065	207	4	conditional	conditional	ADJ
dem-1065	207	5	volatilities	volatility	NOUN
dem-1065	207	6	of	of	ADP
dem-1065	207	7	the	the	DET
dem-1065	207	8	instruments	instrument	NOUN
dem-1065	207	9	in	in	ADP
dem-1065	207	10	spring	spring	NOUN
dem-1065	207	11	2010	2010	NUM
dem-1065	207	12	can	can	AUX
dem-1065	207	13	suggest	suggest	VERB
dem-1065	207	14	that	that	SCONJ
dem-1065	207	15	contagion	contagion	NOUN
dem-1065	207	16	did	do	AUX
dem-1065	207	17	occur	occur	VERB
dem-1065	207	18	.	.	PUNCT
dem-1065	208	1	however	however	ADV
dem-1065	208	2	,	,	PUNCT
dem-1065	208	3	according	accord	VERB
dem-1065	208	4	to	to	ADP
dem-1065	208	5	the	the	DET
dem-1065	208	6	presented	present	VERB
dem-1065	208	7	results	result	NOUN
dem-1065	208	8	,	,	PUNCT
dem-1065	208	9	the	the	DET
dem-1065	208	10	source	source	NOUN
dem-1065	208	11	of	of	ADP
dem-1065	208	12	it	it	PRON
dem-1065	208	13	was	be	AUX
dem-1065	208	14	outside	outside	ADP
dem-1065	208	15	the	the	DET
dem-1065	208	16	central	central	ADJ
dem-1065	208	17	europe	europe	PROPN
dem-1065	208	18	.	.	PUNCT
dem-1065	209	1	if	if	SCONJ
dem-1065	209	2	there	there	PRON
dem-1065	209	3	was	be	VERB
dem-1065	209	4	a	a	DET
dem-1065	209	5	reaction	reaction	NOUN
dem-1065	209	6	to	to	ADP
dem-1065	209	7	the	the	DET
dem-1065	209	8	turmoil	turmoil	NOUN
dem-1065	209	9	in	in	ADP
dem-1065	209	10	hungary	hungary	PROPN
dem-1065	209	11	,	,	PUNCT
dem-1065	209	12	it	it	PRON
dem-1065	209	13	was	be	AUX
dem-1065	209	14	not	not	PART
dem-1065	209	15	reflected	reflect	VERB
dem-1065	209	16	in	in	ADP
dem-1065	209	17	the	the	DET
dem-1065	209	18	volatilities	volatility	NOUN
dem-1065	209	19	of	of	ADP
dem-1065	209	20	polish	polish	PROPN
dem-1065	209	21	and	and	CCONJ
dem-1065	209	22	czech	czech	ADJ
dem-1065	209	23	cds	cd	NOUN
dem-1065	209	24	prices	price	NOUN
dem-1065	209	25	.	.	PUNCT
dem-1065	210	1	thus	thus	ADV
dem-1065	210	2	,	,	PUNCT
dem-1065	210	3	the	the	DET
dem-1065	210	4	reaction	reaction	NOUN
dem-1065	210	5	of	of	ADP
dem-1065	210	6	the	the	DET
dem-1065	210	7	cds	cd	NOUN
dem-1065	210	8	prices	price	NOUN
dem-1065	210	9	of	of	ADP
dem-1065	210	10	poland	poland	PROPN
dem-1065	210	11	and	and	CCONJ
dem-1065	210	12	czech	czech	PROPN
dem-1065	210	13	republic	republic	NOUN
dem-1065	210	14	to	to	ADP
dem-1065	210	15	the	the	DET
dem-1065	210	16	problems	problem	NOUN
dem-1065	210	17	in	in	ADP
dem-1065	210	18	hungary	hungary	PROPN
dem-1065	210	19	was	be	AUX
dem-1065	210	20	not	not	PART
dem-1065	210	21	noticeable	noticeable	ADJ
dem-1065	210	22	.	.	PUNCT
dem-1065	211	1	however	however	ADV
dem-1065	211	2	,	,	PUNCT
dem-1065	211	3	the	the	DET
dem-1065	211	4	fact	fact	NOUN
dem-1065	211	5	that	that	SCONJ
dem-1065	211	6	the	the	DET
dem-1065	211	7	events	event	NOUN
dem-1065	211	8	of	of	ADP
dem-1065	211	9	causality	causality	NOUN
dem-1065	211	10	appeared	appear	VERB
dem-1065	211	11	during	during	ADP
dem-1065	211	12	the	the	DET
dem-1065	211	13	problems	problem	NOUN
dem-1065	211	14	in	in	ADP
dem-1065	211	15	greece	greece	PROPN
dem-1065	211	16	can	can	AUX
dem-1065	211	17	suggest	suggest	VERB
dem-1065	211	18	that	that	SCONJ
dem-1065	211	19	expectations	expectation	NOUN
dem-1065	211	20	do	do	AUX
dem-1065	211	21	play	play	VERB
dem-1065	211	22	a	a	DET
dem-1065	211	23	role	role	NOUN
dem-1065	211	24	in	in	ADP
dem-1065	211	25	cds	cd	NOUN
dem-1065	211	26	pricing	pricing	NOUN
dem-1065	211	27	.	.	PUNCT
dem-1065	212	1	since	since	SCONJ
dem-1065	212	2	the	the	DET
dem-1065	212	3	central	central	ADJ
dem-1065	212	4	europe	europe	PROPN
dem-1065	212	5	is	be	AUX
dem-1065	212	6	not	not	PART
dem-1065	212	7	critically	critically	ADV
dem-1065	212	8	linked	link	VERB
dem-1065	212	9	via	via	ADP
dem-1065	212	10	fundamentals	fundamental	NOUN
dem-1065	212	11	with	with	ADP
dem-1065	212	12	the	the	DET
dem-1065	212	13	southern	southern	ADJ
dem-1065	212	14	one	one	NOUN
dem-1065	212	15	,	,	PUNCT
dem-1065	212	16	the	the	DET
dem-1065	212	17	contagion	contagion	NOUN
dem-1065	212	18	which	which	PRON
dem-1065	212	19	occurred	occur	VERB
dem-1065	212	20	in	in	ADP
dem-1065	212	21	may	may	PROPN
dem-1065	212	22	2010	2010	NUM
dem-1065	212	23	must	must	AUX
dem-1065	212	24	be	be	AUX
dem-1065	212	25	so	so	ADV
dem-1065	212	26	called	call	VERB
dem-1065	212	27	“	"	PUNCT
dem-1065	212	28	expectations	expectation	NOUN
dem-1065	212	29	-	-	PUNCT
dem-1065	212	30	driven	drive	VERB
dem-1065	212	31	”	"	PUNCT
dem-1065	212	32	.	.	PUNCT
dem-1065	213	1	what	what	PRON
dem-1065	213	2	is	be	AUX
dem-1065	213	3	more	more	ADJ
dem-1065	213	4	,	,	PUNCT
dem-1065	213	5	the	the	DET
dem-1065	213	6	results	result	NOUN
dem-1065	213	7	of	of	ADP
dem-1065	213	8	the	the	DET
dem-1065	213	9	research	research	NOUN
dem-1065	213	10	show	show	NOUN
dem-1065	213	11	also	also	ADV
dem-1065	213	12	that	that	SCONJ
dem-1065	213	13	there	there	PRON
dem-1065	213	14	exist	exist	VERB
dem-1065	213	15	causality	causality	NOUN
dem-1065	213	16	linkages	linkage	NOUN
dem-1065	213	17	in	in	ADP
dem-1065	213	18	the	the	DET
dem-1065	213	19	second	second	ADJ
dem-1065	213	20	moments	moment	NOUN
dem-1065	213	21	of	of	ADP
dem-1065	213	22	the	the	DET
dem-1065	213	23	cds	cd	NOUN
dem-1065	213	24	prices	price	NOUN
dem-1065	213	25	processes	process	NOUN
dem-1065	213	26	.	.	PUNCT
dem-1065	214	1	significant	significant	ADJ
dem-1065	214	2	reactions	reaction	NOUN
dem-1065	214	3	of	of	ADP
dem-1065	214	4	volatilities	volatility	NOUN
dem-1065	214	5	of	of	ADP
dem-1065	214	6	czech	czech	PROPN
dem-1065	214	7	and	and	CCONJ
dem-1065	214	8	hungarian	hungarian	ADJ
dem-1065	214	9	cds	cd	NOUN
dem-1065	214	10	prices	price	NOUN
dem-1065	214	11	to	to	ADP
dem-1065	214	12	the	the	DET
dem-1065	214	13	changes	change	NOUN
dem-1065	214	14	of	of	ADP
dem-1065	214	15	the	the	DET
dem-1065	214	16	volatility	volatility	NOUN
dem-1065	214	17	of	of	ADP
dem-1065	214	18	polish	polish	ADJ
dem-1065	214	19	cds	cd	NOUN
dem-1065	214	20	price	price	NOUN
dem-1065	214	21	were	be	AUX
dem-1065	214	22	found	find	VERB
dem-1065	214	23	.	.	PUNCT
dem-1065	215	1	the	the	DET
dem-1065	215	2	linkages	linkage	NOUN
dem-1065	215	3	are	be	AUX
dem-1065	215	4	in	in	ADP
dem-1065	215	5	fact	fact	NOUN
dem-1065	215	6	bilateral	bilateral	ADJ
dem-1065	215	7	,	,	PUNCT
dem-1065	215	8	but	but	CCONJ
dem-1065	215	9	the	the	DET
dem-1065	215	10	causality	causality	NOUN
dem-1065	215	11	from	from	ADP
dem-1065	215	12	poland	poland	PROPN
dem-1065	215	13	is	be	AUX
dem-1065	215	14	much	much	ADV
dem-1065	215	15	stronger	strong	ADJ
dem-1065	215	16	.	.	PUNCT
dem-1065	216	1	on	on	ADP
dem-1065	216	2	the	the	DET
dem-1065	216	3	other	other	ADJ
dem-1065	216	4	hand	hand	NOUN
dem-1065	216	5	,	,	PUNCT
dem-1065	216	6	the	the	DET
dem-1065	216	7	turnover	turnover	NOUN
dem-1065	216	8	on	on	ADP
dem-1065	216	9	the	the	DET
dem-1065	216	10	hungarian	hungarian	ADJ
dem-1065	216	11	cds	cd	NOUN
dem-1065	216	12	market	market	NOUN
dem-1065	216	13	was	be	AUX
dem-1065	216	14	the	the	DET
dem-1065	216	15	highest	high	ADJ
dem-1065	216	16	in	in	ADP
dem-1065	216	17	the	the	DET
dem-1065	216	18	analysed	analyse	VERB
dem-1065	216	19	period	period	NOUN
dem-1065	216	20	.	.	PUNCT
dem-1065	217	1	the	the	DET
dem-1065	217	2	explanation	explanation	NOUN
dem-1065	217	3	of	of	ADP
dem-1065	217	4	the	the	DET
dem-1065	217	5	result	result	NOUN
dem-1065	217	6	can	can	AUX
dem-1065	217	7	be	be	AUX
dem-1065	217	8	the	the	DET
dem-1065	217	9	following	follow	VERB
dem-1065	217	10	–	–	PUNCT
dem-1065	217	11	the	the	DET
dem-1065	217	12	sovereign	sovereign	ADJ
dem-1065	217	13	cds	cd	NOUN
dem-1065	217	14	instruments	instrument	NOUN
dem-1065	217	15	are	be	AUX
dem-1065	217	16	bought	buy	VERB
dem-1065	217	17	mainly	mainly	ADV
dem-1065	217	18	for	for	ADP
dem-1065	217	19	speculation	speculation	NOUN
dem-1065	217	20	.	.	PUNCT
dem-1065	218	1	in	in	ADP
dem-1065	218	2	the	the	DET
dem-1065	218	3	period	period	NOUN
dem-1065	218	4	over	over	ADP
dem-1065	218	5	study	study	NOUN
dem-1065	218	6	hungary	hungary	PROPN
dem-1065	218	7	was	be	AUX
dem-1065	218	8	the	the	DET
dem-1065	218	9	most	most	ADV
dem-1065	218	10	risky	risky	ADJ
dem-1065	218	11	country	country	NOUN
dem-1065	218	12	from	from	ADP
dem-1065	218	13	the	the	DET
dem-1065	218	14	region	region	NOUN
dem-1065	218	15	,	,	PUNCT
dem-1065	218	16	and	and	CCONJ
dem-1065	218	17	investments	investment	NOUN
dem-1065	218	18	in	in	ADP
dem-1065	218	19	hungarian	hungarian	ADJ
dem-1065	218	20	swaps	swap	NOUN
dem-1065	218	21	could	could	AUX
dem-1065	218	22	allow	allow	VERB
dem-1065	218	23	for	for	ADP
dem-1065	218	24	the	the	DET
dem-1065	218	25	highest	high	ADJ
dem-1065	218	26	earnings	earning	NOUN
dem-1065	218	27	.	.	PUNCT
dem-1065	219	1	thus	thus	ADV
dem-1065	219	2	,	,	PUNCT
dem-1065	219	3	the	the	DET
dem-1065	219	4	investors	investor	NOUN
dem-1065	219	5	were	be	AUX
dem-1065	219	6	interested	interested	ADJ
dem-1065	219	7	in	in	ADP
dem-1065	219	8	trading	trade	VERB
dem-1065	219	9	these	these	DET
dem-1065	219	10	particular	particular	ADJ
dem-1065	219	11	instruments	instrument	NOUN
dem-1065	219	12	.	.	PUNCT
dem-1065	220	1	however	however	ADV
dem-1065	220	2	,	,	PUNCT
dem-1065	220	3	from	from	ADP
dem-1065	220	4	the	the	DET
dem-1065	220	5	analysed	analyse	VERB
dem-1065	220	6	markets	market	NOUN
dem-1065	220	7	,	,	PUNCT
dem-1065	220	8	the	the	DET
dem-1065	220	9	polish	polish	ADJ
dem-1065	220	10	one	one	NOUN
dem-1065	220	11	is	be	AUX
dem-1065	220	12	the	the	DET
dem-1065	220	13	biggest	big	ADJ
dem-1065	220	14	and	and	CCONJ
dem-1065	220	15	if	if	SCONJ
dem-1065	220	16	an	an	DET
dem-1065	220	17	investor	investor	NOUN
dem-1065	220	18	wants	want	VERB
dem-1065	220	19	to	to	PART
dem-1065	220	20	sell	sell	VERB
dem-1065	220	21	his	his	PRON
dem-1065	220	22	assets	asset	NOUN
dem-1065	220	23	in	in	ADP
dem-1065	220	24	a	a	DET
dem-1065	220	25	central	central	ADJ
dem-1065	220	26	european	european	ADJ
dem-1065	220	27	market	market	NOUN
dem-1065	220	28	as	as	ADV
dem-1065	220	29	quickly	quickly	ADV
dem-1065	220	30	as	as	ADP
dem-1065	220	31	possible	possible	ADJ
dem-1065	220	32	,	,	PUNCT
dem-1065	220	33	the	the	DET
dem-1065	220	34	easiest	easy	ADJ
dem-1065	220	35	way	way	NOUN
dem-1065	220	36	is	be	AUX
dem-1065	220	37	to	to	PART
dem-1065	220	38	trade	trade	VERB
dem-1065	220	39	them	they	PRON
dem-1065	220	40	on	on	ADP
dem-1065	220	41	the	the	DET
dem-1065	220	42	polish	polish	ADJ
dem-1065	220	43	stock	stock	NOUN
dem-1065	220	44	exchange	exchange	NOUN
dem-1065	220	45	.	.	PUNCT
dem-1065	221	1	this	this	PRON
dem-1065	221	2	may	may	AUX
dem-1065	221	3	explain	explain	VERB
dem-1065	221	4	the	the	DET
dem-1065	221	5	fact	fact	NOUN
dem-1065	221	6	that	that	SCONJ
dem-1065	221	7	–	–	PUNCT
dem-1065	221	8	although	although	SCONJ
dem-1065	221	9	the	the	DET
dem-1065	221	10	turnover	turnover	NOUN
dem-1065	221	11	on	on	ADP
dem-1065	221	12	the	the	DET
dem-1065	221	13	hungarian	hungarian	ADJ
dem-1065	221	14	cds	cd	NOUN
dem-1065	221	15	market	market	NOUN
dem-1065	221	16	was	be	AUX
dem-1065	221	17	the	the	DET
dem-1065	221	18	highest	high	ADJ
dem-1065	221	19	–	–	PUNCT
dem-1065	221	20	the	the	DET
dem-1065	221	21	strongest	strong	ADJ
dem-1065	221	22	causality	causality	NOUN
dem-1065	221	23	in	in	ADP
dem-1065	221	24	variance	variance	NOUN
dem-1065	221	25	occurred	occur	VERB
dem-1065	221	26	from	from	ADP
dem-1065	221	27	the	the	DET
dem-1065	221	28	polish	polish	ADJ
dem-1065	221	29	one	one	NUM
dem-1065	221	30	.	.	PUNCT
dem-1065	222	1	this	this	DET
dem-1065	222	2	conclusion	conclusion	NOUN
dem-1065	222	3	could	could	AUX
dem-1065	222	4	explain	explain	VERB
dem-1065	222	5	why	why	SCONJ
dem-1065	222	6	the	the	DET
dem-1065	222	7	volatility	volatility	NOUN
dem-1065	222	8	of	of	ADP
dem-1065	222	9	polish	polish	PROPN
dem-1065	222	10	and	and	CCONJ
dem-1065	222	11	czech	czech	ADJ
dem-1065	222	12	cds	cd	NOUN
dem-1065	222	13	prices	price	NOUN
dem-1065	222	14	did	do	AUX
dem-1065	222	15	not	not	PART
dem-1065	222	16	react	react	VERB
dem-1065	222	17	to	to	ADP
dem-1065	222	18	the	the	DET
dem-1065	222	19	hungarian	hungarian	ADJ
dem-1065	222	20	problems	problem	NOUN
dem-1065	222	21	.	.	PUNCT
dem-1065	223	1	agata	agata	PROPN
dem-1065	223	2	kliber	kliber	PROPN
dem-1065	223	3	126	126	NUM
dem-1065	223	4	references	reference	NOUN
dem-1065	223	5	alfonso	alfonso	PROPN
dem-1065	223	6	,	,	PUNCT
dem-1065	223	7	a.	a.	PROPN
dem-1065	223	8	,	,	PUNCT
dem-1065	223	9	furceri	furceri	PROPN
dem-1065	223	10	,	,	PUNCT
dem-1065	223	11	d.	d.	PROPN
dem-1065	223	12	,	,	PUNCT
dem-1065	223	13	gomez	gomez	PROPN
dem-1065	223	14	,	,	PUNCT
dem-1065	223	15	p.	p.	NOUN
dem-1065	223	16	(	(	PUNCT
dem-1065	223	17	2011	2011	NUM
dem-1065	223	18	)	)	PUNCT
dem-1065	223	19	,	,	PUNCT
dem-1065	223	20	sovereign	sovereign	ADJ
dem-1065	223	21	credit	credit	NOUN
dem-1065	223	22	ratings	rating	NOUN
dem-1065	223	23	and	and	CCONJ
dem-1065	223	24	financial	financial	ADJ
dem-1065	223	25	markets	market	NOUN
dem-1065	223	26	linkages	linkage	NOUN
dem-1065	223	27	:	:	PUNCT
dem-1065	223	28	application	application	NOUN
dem-1065	223	29	to	to	ADP
dem-1065	223	30	european	european	PROPN
dem-1065	223	31	data	data	PROPN
dem-1065	223	32	,	,	PUNCT
dem-1065	223	33	working	work	VERB
dem-1065	223	34	paper	paper	NOUN
dem-1065	223	35	series	series	NOUN
dem-1065	223	36	1347	1347	NUM
dem-1065	223	37	,	,	PUNCT
dem-1065	223	38	european	european	PROPN
dem-1065	223	39	central	central	ADJ
dem-1065	223	40	bank	bank	NOUN
dem-1065	223	41	:	:	PUNCT
dem-1065	224	1	http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1347.pdf	http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1347.pdf	PROPN
dem-1065	224	2	(	(	PUNCT
dem-1065	224	3	10.01.2012	10.01.2012	NUM
dem-1065	224	4	)	)	PUNCT
dem-1065	224	5	.	.	PUNCT
dem-1065	225	1	alter	alter	PROPN
dem-1065	225	2	,	,	PUNCT
dem-1065	225	3	a.	a.	NOUN
dem-1065	225	4	,	,	PUNCT
dem-1065	225	5	schüler	schüler	ADV
dem-1065	225	6	,	,	PUNCT
dem-1065	225	7	y.s	y.s	PROPN
dem-1065	225	8	.	.	PROPN
dem-1065	225	9	(	(	PUNCT
dem-1065	225	10	2011	2011	NUM
dem-1065	225	11	)	)	PUNCT
dem-1065	225	12	credit	credit	NOUN
dem-1065	225	13	spread	spread	VERB
dem-1065	225	14	interdependencies	interdependency	NOUN
dem-1065	225	15	of	of	ADP
dem-1065	225	16	european	european	PROPN
dem-1065	225	17	sates	sates	PROPN
dem-1065	225	18	and	and	CCONJ
dem-1065	225	19	banks	bank	NOUN
dem-1065	225	20	during	during	ADP
dem-1065	225	21	the	the	DET
dem-1065	225	22	financial	financial	ADJ
dem-1065	225	23	crisis	crisis	NOUN
dem-1065	225	24	,	,	PUNCT
dem-1065	225	25	university	university	PROPN
dem-1065	225	26	of	of	ADP
dem-1065	225	27	konstanz	konstanz	PROPN
dem-1065	225	28	,	,	PUNCT
dem-1065	225	29	working	working	NOUN
dem-1065	225	30	paper	paper	NOUN
dem-1065	225	31	:	:	PUNCT
dem-1065	225	32	http://www.clevelandfed.org/research/seminars/2011/alter2.pdf	http://www.clevelandfed.org/research/seminars/2011/alter2.pdf	PROPN
dem-1065	225	33	(	(	PUNCT
dem-1065	225	34	10.01.2012	10.01.2012	NUM
dem-1065	225	35	)	)	PUNCT
dem-1065	225	36	.	.	PUNCT
dem-1065	226	1	bollerslev	bollerslev	PROPN
dem-1065	226	2	,	,	PUNCT
dem-1065	226	3	t.	t.	PROPN
dem-1065	226	4	(	(	PUNCT
dem-1065	226	5	1990	1990	NUM
dem-1065	226	6	)	)	PUNCT
dem-1065	226	7	,	,	PUNCT
dem-1065	226	8	modelling	model	VERB
dem-1065	226	9	the	the	DET
dem-1065	226	10	coherence	coherence	NOUN
dem-1065	226	11	in	in	ADP
dem-1065	226	12	short	short	ADJ
dem-1065	226	13	-	-	PUNCT
dem-1065	226	14	run	run	VERB
dem-1065	226	15	nominal	nominal	ADJ
dem-1065	226	16	exchange	exchange	NOUN
dem-1065	226	17	rates	rate	NOUN
dem-1065	226	18	:	:	PUNCT
dem-1065	226	19	a	a	DET
dem-1065	226	20	multivariate	multivariate	NOUN
dem-1065	226	21	generalized	generalize	VERB
dem-1065	226	22	arch	arch	ADJ
dem-1065	226	23	model	model	NOUN
dem-1065	226	24	,	,	PUNCT
dem-1065	226	25	review	review	NOUN
dem-1065	226	26	of	of	ADP
dem-1065	226	27	economics	economic	NOUN
dem-1065	226	28	and	and	CCONJ
dem-1065	226	29	statistics	statistic	NOUN
dem-1065	226	30	,	,	PUNCT
dem-1065	226	31	20	20	NUM
dem-1065	226	32	,	,	PUNCT
dem-1065	226	33	498–505	498–505	NUM
dem-1065	226	34	.	.	PUNCT
dem-1065	227	1	benkert	benkert	PROPN
dem-1065	227	2	,	,	PUNCT
dem-1065	227	3	c.	c.	PROPN
dem-1065	227	4	(	(	PUNCT
dem-1065	227	5	2004	2004	NUM
dem-1065	227	6	)	)	PUNCT
dem-1065	227	7	,	,	PUNCT
dem-1065	227	8	explaining	explain	VERB
dem-1065	227	9	credit	credit	NOUN
dem-1065	227	10	default	default	NOUN
dem-1065	227	11	swap	swap	NOUN
dem-1065	227	12	premia	premia	NOUN
dem-1065	227	13	,	,	PUNCT
dem-1065	227	14	the	the	DET
dem-1065	227	15	journal	journal	NOUN
dem-1065	227	16	of	of	ADP
dem-1065	227	17	futures	future	NOUN
dem-1065	227	18	market	market	NOUN
dem-1065	227	19	,	,	PUNCT
dem-1065	227	20	vol	vol	NOUN
dem-1065	227	21	.	.	PROPN
dem-1065	228	1	24	24	NUM
dem-1065	228	2	,	,	PUNCT
dem-1065	228	3	no	no	INTJ
dem-1065	228	4	.	.	NOUN
dem-1065	228	5	1	1	NUM
dem-1065	228	6	,	,	PUNCT
dem-1065	228	7	71	71	NUM
dem-1065	228	8	–	–	SYM
dem-1065	228	9	92	92	NUM
dem-1065	228	10	.	.	PUNCT
dem-1065	229	1	calice	calice	PROPN
dem-1065	229	2	,	,	PUNCT
dem-1065	229	3	g.	g.	PROPN
dem-1065	229	4	,	,	PUNCT
dem-1065	229	5	chen	chen	PROPN
dem-1065	229	6	,	,	PUNCT
dem-1065	229	7	j.	j.	PROPN
dem-1065	229	8	,	,	PUNCT
dem-1065	229	9	williams	williams	PROPN
dem-1065	229	10	,	,	PUNCT
dem-1065	229	11	j.	j.	PROPN
dem-1065	229	12	(	(	PUNCT
dem-1065	229	13	2011	2011	NUM
dem-1065	229	14	)	)	PUNCT
dem-1065	229	15	,	,	PUNCT
dem-1065	229	16	liquidity	liquidity	NOUN
dem-1065	229	17	spillovers	spillover	NOUN
dem-1065	229	18	in	in	ADP
dem-1065	229	19	sovereign	sovereign	ADJ
dem-1065	229	20	bonds	bond	NOUN
dem-1065	229	21	and	and	CCONJ
dem-1065	229	22	cds	cd	NOUN
dem-1065	229	23	markets	market	NOUN
dem-1065	229	24	:	:	PUNCT
dem-1065	229	25	an	an	DET
dem-1065	229	26	analysis	analysis	NOUN
dem-1065	229	27	of	of	ADP
dem-1065	229	28	the	the	DET
dem-1065	229	29	eurozone	eurozone	NOUN
dem-1065	229	30	sovereign	sovereign	ADJ
dem-1065	229	31	debt	debt	NOUN
dem-1065	229	32	crisis	crisis	NOUN
dem-1065	229	33	,	,	PUNCT
dem-1065	229	34	journal	journal	NOUN
dem-1065	229	35	of	of	ADP
dem-1065	229	36	economic	economic	ADJ
dem-1065	229	37	behaviour	behaviour	NOUN
dem-1065	229	38	and	and	CCONJ
dem-1065	229	39	organization	organization	NOUN
dem-1065	229	40	(	(	PUNCT
dem-1065	229	41	in	in	ADP
dem-1065	229	42	press	press	NOUN
dem-1065	229	43	)	)	PUNCT
dem-1065	229	44	.	.	PUNCT
dem-1065	230	1	cheung	cheung	PROPN
dem-1065	230	2	,	,	PUNCT
dem-1065	230	3	y.	y.	PROPN
dem-1065	230	4	w.	w.	PROPN
dem-1065	230	5	,	,	PUNCT
dem-1065	230	6	ng	ng	PROPN
dem-1065	230	7	,	,	PUNCT
dem-1065	230	8	l.	l.	PROPN
dem-1065	230	9	k.	k.	PROPN
dem-1065	230	10	(	(	PUNCT
dem-1065	230	11	1996	1996	NUM
dem-1065	230	12	)	)	PUNCT
dem-1065	230	13	,	,	PUNCT
dem-1065	230	14	a	a	DET
dem-1065	230	15	causality	causality	NOUN
dem-1065	230	16	-	-	PUNCT
dem-1065	230	17	in	in	ADP
dem-1065	230	18	-	-	PUNCT
dem-1065	230	19	variance	variance	NOUN
dem-1065	230	20	test	test	NOUN
dem-1065	230	21	and	and	CCONJ
dem-1065	230	22	its	its	PRON
dem-1065	230	23	application	application	NOUN
dem-1065	230	24	to	to	ADP
dem-1065	230	25	financial	financial	ADJ
dem-1065	230	26	market	market	NOUN
dem-1065	230	27	prices	price	NOUN
dem-1065	230	28	,	,	PUNCT
dem-1065	230	29	journal	journal	NOUN
dem-1065	230	30	of	of	ADP
dem-1065	230	31	econometrics	econometric	NOUN
dem-1065	230	32	,	,	PUNCT
dem-1065	230	33	72	72	NUM
dem-1065	230	34	,	,	PUNCT
dem-1065	230	35	33–48	33–48	NUM
dem-1065	230	36	.	.	PUNCT
dem-1065	231	1	coudert	coudert	PROPN
dem-1065	231	2	,	,	PUNCT
dem-1065	231	3	v.	v.	PROPN
dem-1065	231	4	,	,	PUNCT
dem-1065	231	5	gex	gex	PROPN
dem-1065	231	6	,	,	PUNCT
dem-1065	231	7	m.	m.	NOUN
dem-1065	231	8	(	(	PUNCT
dem-1065	231	9	2008	2008	NUM
dem-1065	231	10	)	)	PUNCT
dem-1065	231	11	,	,	PUNCT
dem-1065	231	12	contagion	contagion	NOUN
dem-1065	231	13	in	in	ADP
dem-1065	231	14	the	the	DET
dem-1065	231	15	credit	credit	NOUN
dem-1065	231	16	default	default	NOUN
dem-1065	231	17	swap	swap	NOUN
dem-1065	231	18	market	market	NOUN
dem-1065	231	19	:	:	PUNCT
dem-1065	231	20	the	the	DET
dem-1065	231	21	case	case	NOUN
dem-1065	231	22	of	of	ADP
dem-1065	231	23	the	the	DET
dem-1065	231	24	gm	gm	PROPN
dem-1065	231	25	and	and	CCONJ
dem-1065	231	26	ford	ford	PROPN
dem-1065	231	27	crisis	crisis	NOUN
dem-1065	231	28	in	in	ADP
dem-1065	231	29	2005	2005	NUM
dem-1065	231	30	,	,	PUNCT
dem-1065	231	31	cepii	cepii	ADJ
dem-1065	231	32	working	working	NOUN
dem-1065	231	33	paper	paper	NOUN
dem-1065	231	34	,	,	PUNCT
dem-1065	231	35	14	14	NUM
dem-1065	231	36	,	,	PUNCT
dem-1065	231	37	1	1	NUM
dem-1065	231	38	–	–	SYM
dem-1065	231	39	67	67	NUM
dem-1065	231	40	:	:	SYM
dem-1065	231	41	http://www.cepii.fr/	http://www.cepii.fr/	NUM
dem-1065	231	42	/anglaisgraph	/anglaisgraph	ADJ
dem-1065	231	43	/	/	SYM
dem-1065	231	44	workpap	workpap	NOUN
dem-1065	231	45	/	/	SYM
dem-1065	231	46	pdf/2008	pdf/2008	NOUN
dem-1065	231	47	/	/	SYM
dem-1065	231	48	wp2008	wp2008	NOUN
dem-1065	231	49	-	-	PUNCT
dem-1065	231	50	14.pdf	14.pdf	PROPN
dem-1065	231	51	(	(	PUNCT
dem-1065	231	52	10.01.2012	10.01.2012	NUM
dem-1065	231	53	)	)	PUNCT
dem-1065	231	54	.	.	PUNCT
dem-1065	232	1	engle	engle	PROPN
dem-1065	232	2	,	,	PUNCT
dem-1065	232	3	r.	r.	PROPN
dem-1065	232	4	f.	f.	PROPN
dem-1065	232	5	(	(	PUNCT
dem-1065	232	6	2002	2002	NUM
dem-1065	232	7	)	)	PUNCT
dem-1065	232	8	,	,	PUNCT
dem-1065	232	9	dynamic	dynamic	ADJ
dem-1065	232	10	conditional	conditional	ADJ
dem-1065	232	11	correlation	correlation	NOUN
dem-1065	232	12	:	:	PUNCT
dem-1065	232	13	a	a	DET
dem-1065	232	14	simple	simple	ADJ
dem-1065	232	15	class	class	NOUN
dem-1065	232	16	of	of	ADP
dem-1065	232	17	multivariate	multivariate	NOUN
dem-1065	232	18	generalised	generalise	VERB
dem-1065	232	19	autoregressive	autoregressive	ADJ
dem-1065	232	20	conditional	conditional	ADJ
dem-1065	232	21	heteroskedasticity	heteroskedasticity	NOUN
dem-1065	232	22	models	model	NOUN
dem-1065	232	23	,	,	PUNCT
dem-1065	232	24	journal	journal	NOUN
dem-1065	232	25	of	of	ADP
dem-1065	232	26	business	business	NOUN
dem-1065	232	27	and	and	CCONJ
dem-1065	232	28	economic	economic	ADJ
dem-1065	232	29	statistics	statistic	NOUN
dem-1065	232	30	20	20	NUM
dem-1065	232	31	,	,	PUNCT
dem-1065	232	32	339–350	339–350	NUM
dem-1065	232	33	.	.	PUNCT
dem-1065	233	1	fontana	fontana	PROPN
dem-1065	233	2	,	,	PUNCT
dem-1065	233	3	a.	a.	PROPN
dem-1065	233	4	,	,	PUNCT
dem-1065	233	5	scheicher	scheicher	PROPN
dem-1065	233	6	,	,	PUNCT
dem-1065	233	7	m.	m.	NOUN
dem-1065	233	8	(	(	PUNCT
dem-1065	233	9	2010	2010	NUM
dem-1065	233	10	)	)	PUNCT
dem-1065	233	11	,	,	PUNCT
dem-1065	233	12	an	an	DET
dem-1065	233	13	analysis	analysis	NOUN
dem-1065	233	14	of	of	ADP
dem-1065	233	15	euro	euro	NOUN
dem-1065	233	16	area	area	NOUN
dem-1065	233	17	sovereign	sovereign	ADJ
dem-1065	233	18	cds	cd	NOUN
dem-1065	233	19	and	and	CCONJ
dem-1065	233	20	their	their	PRON
dem-1065	233	21	relation	relation	NOUN
dem-1065	233	22	with	with	ADP
dem-1065	233	23	government	government	NOUN
dem-1065	233	24	bonds	bond	NOUN
dem-1065	233	25	european	european	PROPN
dem-1065	233	26	central	central	PROPN
dem-1065	233	27	bank	bank	PROPN
dem-1065	233	28	working	working	PROPN
dem-1065	233	29	paper	paper	NOUN
dem-1065	233	30	series	series	NOUN
dem-1065	233	31	no	no	DET
dem-1065	233	32	1271	1271	NUM
dem-1065	233	33	:	:	PUNCT
dem-1065	233	34	http://www.ecb.int/pub/pdf/scpwps/ecbwp1271.pdf	http://www.ecb.int/pub/pdf/scpwps/ecbwp1271.pdf	PUNCT
dem-1065	233	35	(	(	PUNCT
dem-1065	233	36	25.10.2011	25.10.2011	NOUN
dem-1065	233	37	)	)	PUNCT
dem-1065	233	38	.	.	PUNCT
dem-1065	234	1	hull	hull	NOUN
dem-1065	234	2	,	,	PUNCT
dem-1065	234	3	j.	j.	PROPN
dem-1065	234	4	(	(	PUNCT
dem-1065	234	5	2008	2008	NUM
dem-1065	234	6	)	)	PUNCT
dem-1065	234	7	,	,	PUNCT
dem-1065	234	8	options	option	NOUN
dem-1065	234	9	,	,	PUNCT
dem-1065	234	10	futures	future	NOUN
dem-1065	234	11	and	and	CCONJ
dem-1065	234	12	other	other	ADJ
dem-1065	234	13	derivatives	derivative	NOUN
dem-1065	234	14	(	(	PUNCT
dem-1065	234	15	7th	7th	ADJ
dem-1065	234	16	edition	edition	NOUN
dem-1065	234	17	)	)	PUNCT
dem-1065	234	18	,	,	PUNCT
dem-1065	234	19	prentice	prentice	NOUN
dem-1065	234	20	hall	hall	PROPN
dem-1065	234	21	,	,	PUNCT
dem-1065	234	22	upper	upper	ADJ
dem-1065	234	23	saddle	saddle	NOUN
dem-1065	234	24	river	river	NOUN
dem-1065	234	25	,	,	PUNCT
dem-1065	234	26	2008	2008	NUM
dem-1065	234	27	.	.	PUNCT
dem-1065	235	1	hull	hull	NOUN
dem-1065	235	2	,	,	PUNCT
dem-1065	235	3	j.	j.	PROPN
dem-1065	235	4	,	,	PUNCT
dem-1065	235	5	predescu	predescu	NOUN
dem-1065	235	6	m.	m.	NOUN
dem-1065	235	7	,	,	PUNCT
dem-1065	235	8	white	white	ADJ
dem-1065	235	9	,	,	PUNCT
dem-1065	235	10	a.	a.	NOUN
dem-1065	235	11	(	(	PUNCT
dem-1065	235	12	2004	2004	NUM
dem-1065	235	13	)	)	PUNCT
dem-1065	235	14	,	,	PUNCT
dem-1065	235	15	the	the	DET
dem-1065	235	16	relationship	relationship	NOUN
dem-1065	235	17	between	between	ADP
dem-1065	235	18	credit	credit	NOUN
dem-1065	235	19	default	default	NOUN
dem-1065	235	20	swap	swap	NOUN
dem-1065	235	21	spreads	spread	NOUN
dem-1065	235	22	,	,	PUNCT
dem-1065	235	23	bond	bond	NOUN
dem-1065	235	24	yields	yield	NOUN
dem-1065	235	25	,	,	PUNCT
dem-1065	235	26	and	and	CCONJ
dem-1065	235	27	credit	credit	NOUN
dem-1065	235	28	rating	rating	NOUN
dem-1065	235	29	announcements	announcement	NOUN
dem-1065	235	30	,	,	PUNCT
dem-1065	235	31	journal	journal	NOUN
dem-1065	235	32	of	of	ADP
dem-1065	235	33	banking	banking	NOUN
dem-1065	235	34	and	and	CCONJ
dem-1065	235	35	finance	finance	NOUN
dem-1065	235	36	,	,	PUNCT
dem-1065	235	37	vol	vol	NOUN
dem-1065	235	38	.	.	PROPN
dem-1065	235	39	28	28	NUM
dem-1065	235	40	,	,	PUNCT
dem-1065	235	41	no	no	INTJ
dem-1065	235	42	.	.	NOUN
dem-1065	235	43	11	11	NUM
dem-1065	235	44	,	,	PUNCT
dem-1065	235	45	2789	2789	NUM
dem-1065	235	46	–	–	PUNCT
dem-1065	235	47	2811	2811	NUM
dem-1065	235	48	.	.	PUNCT
dem-1065	236	1	jorion	jorion	NOUN
dem-1065	236	2	,	,	PUNCT
dem-1065	236	3	p.	p.	PROPN
dem-1065	236	4	,	,	PUNCT
dem-1065	236	5	zhang	zhang	PROPN
dem-1065	236	6	,	,	PUNCT
dem-1065	236	7	g.	g.	PROPN
dem-1065	236	8	(	(	PUNCT
dem-1065	236	9	2007	2007	NUM
dem-1065	236	10	)	)	PUNCT
dem-1065	236	11	,	,	PUNCT
dem-1065	236	12	good	good	ADJ
dem-1065	236	13	and	and	CCONJ
dem-1065	236	14	bad	bad	ADJ
dem-1065	236	15	credit	credit	NOUN
dem-1065	236	16	contagion	contagion	NOUN
dem-1065	236	17	:	:	PUNCT
dem-1065	236	18	evidence	evidence	NOUN
dem-1065	236	19	from	from	ADP
dem-1065	236	20	the	the	DET
dem-1065	236	21	credit	credit	NOUN
dem-1065	236	22	default	default	NOUN
dem-1065	236	23	swaps	swap	NOUN
dem-1065	236	24	,	,	PUNCT
dem-1065	236	25	journal	journal	NOUN
dem-1065	236	26	of	of	ADP
dem-1065	236	27	financial	financial	ADJ
dem-1065	236	28	economics	economic	NOUN
dem-1065	236	29	,	,	PUNCT
dem-1065	236	30	84	84	NUM
dem-1065	236	31	,	,	PUNCT
dem-1065	236	32	860	860	NUM
dem-1065	236	33	–	–	SYM
dem-1065	236	34	883	883	NUM
dem-1065	236	35	.	.	PUNCT
dem-1065	236	36	keister	keister	NOUN
dem-1065	236	37	,	,	PUNCT
dem-1065	236	38	t.	t.	PROPN
dem-1065	236	39	(	(	PUNCT
dem-1065	236	40	2006	2006	NUM
dem-1065	236	41	)	)	PUNCT
dem-1065	236	42	,	,	PUNCT
dem-1065	236	43	expectations	expectation	NOUN
dem-1065	236	44	and	and	CCONJ
dem-1065	236	45	contagion	contagion	NOUN
dem-1065	236	46	in	in	ADP
dem-1065	236	47	self	self	NOUN
dem-1065	236	48	-	-	PUNCT
dem-1065	236	49	fulfilling	fulfil	VERB
dem-1065	236	50	currency	currency	NOUN
dem-1065	236	51	attacks	attack	NOUN
dem-1065	236	52	,	,	PUNCT
dem-1065	236	53	staff	staff	NOUN
dem-1065	236	54	reports	report	VERB
dem-1065	236	55	249	249	NUM
dem-1065	236	56	,	,	PUNCT
dem-1065	236	57	federal	federal	PROPN
dem-1065	236	58	reserve	reserve	PROPN
dem-1065	236	59	bank	bank	PROPN
dem-1065	236	60	of	of	ADP
dem-1065	236	61	new	new	PROPN
dem-1065	236	62	york	york	PROPN
dem-1065	236	63	.	.	PUNCT
dem-1065	237	1	national	national	PROPN
dem-1065	237	2	bank	bank	PROPN
dem-1065	237	3	of	of	ADP
dem-1065	237	4	poland	poland	PROPN
dem-1065	237	5	(	(	PUNCT
dem-1065	237	6	2009	2009	NUM
dem-1065	237	7	)	)	PUNCT
dem-1065	237	8	,	,	PUNCT
dem-1065	237	9	financial	financial	ADJ
dem-1065	237	10	stability	stability	NOUN
dem-1065	237	11	report	report	NOUN
dem-1065	237	12	,	,	PUNCT
dem-1065	237	13	june	june	PROPN
dem-1065	237	14	2009	2009	NUM
dem-1065	237	15	,	,	PUNCT
dem-1065	237	16	warsaw	warsaw	PROPN
dem-1065	237	17	,	,	PUNCT
dem-1065	237	18	2009	2009	NUM
dem-1065	237	19	.	.	PUNCT
dem-1065	238	1	national	national	PROPN
dem-1065	238	2	bank	bank	PROPN
dem-1065	238	3	of	of	ADP
dem-1065	238	4	poland	poland	PROPN
dem-1065	238	5	(	(	PUNCT
dem-1065	238	6	2010	2010	NUM
dem-1065	238	7	)	)	PUNCT
dem-1065	238	8	,	,	PUNCT
dem-1065	238	9	financial	financial	ADJ
dem-1065	238	10	stability	stability	NOUN
dem-1065	238	11	report	report	NOUN
dem-1065	238	12	,	,	PUNCT
dem-1065	238	13	june	june	PROPN
dem-1065	238	14	2010	2010	NUM
dem-1065	238	15	,	,	PUNCT
dem-1065	238	16	warsaw	warsaw	PROPN
dem-1065	238	17	,	,	PUNCT
dem-1065	238	18	2010	2010	NUM
dem-1065	238	19	.	.	PUNCT
dem-1065	239	1	yu	yu	PROPN
dem-1065	239	2	,	,	PUNCT
dem-1065	239	3	j.	j.	PROPN
dem-1065	239	4	,	,	PUNCT
dem-1065	239	5	meyer	meyer	PROPN
dem-1065	239	6	,	,	PUNCT
dem-1065	239	7	r.	r.	PROPN
dem-1065	239	8	(	(	PUNCT
dem-1065	239	9	2006	2006	NUM
dem-1065	239	10	)	)	PUNCT
dem-1065	239	11	,	,	PUNCT
dem-1065	239	12	multivariate	multivariate	VERB
dem-1065	239	13	stochastic	stochastic	ADJ
dem-1065	239	14	volatility	volatility	NOUN
dem-1065	239	15	models	model	NOUN
dem-1065	239	16	:	:	PUNCT
dem-1065	239	17	bayesian	bayesian	NOUN
dem-1065	239	18	estimation	estimation	NOUN
dem-1065	239	19	and	and	CCONJ
dem-1065	239	20	model	model	PROPN
dem-1065	239	21	comparison	comparison	PROPN
dem-1065	239	22	,	,	PUNCT
dem-1065	239	23	econometric	econometric	ADJ
dem-1065	239	24	reviews	review	NOUN
dem-1065	239	25	,	,	PUNCT
dem-1065	239	26	25	25	NUM
dem-1065	239	27	,	,	PUNCT
dem-1065	239	28	361–384	361–384	NUM
dem-1065	239	29	.	.	PUNCT
dem-1065	240	1	www.napi.hu	www.napi.hu	PROPN
dem-1065	240	2	(	(	PUNCT
dem-1065	240	3	25.10.2011	25.10.2011	NUM
dem-1065	240	4	)	)	PUNCT
dem-1065	240	5	.	.	PUNCT
dem-1065	241	1	appendix	appendix	VERB
dem-1065	241	2	non	non	ADJ
dem-1065	241	3	-	-	ADJ
dem-1065	241	4	causality	causality	ADJ
dem-1065	241	5	test	test	NOUN
dem-1065	241	6	of	of	ADP
dem-1065	241	7	cheung	cheung	PROPN
dem-1065	241	8	and	and	CCONJ
dem-1065	241	9	ng	ng	PROPN
dem-1065	241	10	let	let	VERB
dem-1065	241	11	us	we	PRON
dem-1065	241	12	consider	consider	VERB
dem-1065	241	13	two	two	NUM
dem-1065	241	14	stationary	stationary	ADJ
dem-1065	241	15	and	and	CCONJ
dem-1065	241	16	ergodic	ergodic	ADJ
dem-1065	241	17	time	time	NOUN
dem-1065	241	18	series	series	PROPN
dem-1065	241	19	processes	process	NOUN
dem-1065	241	20	:	:	PUNCT
dem-1065	242	1	tx	tx	NOUN
dem-1065	242	2	and	and	CCONJ
dem-1065	242	3	ty	ty	INTJ
dem-1065	242	4	,	,	PUNCT
dem-1065	242	5	as	as	ADV
dem-1065	242	6	well	well	ADV
dem-1065	242	7	as	as	ADP
dem-1065	242	8	two	two	NUM
dem-1065	242	9	information	information	NOUN
dem-1065	242	10	sets	set	NOUN
dem-1065	242	11	defined	define	VERB
dem-1065	242	12	by	by	ADP
dem-1065	242	13	:	:	PUNCT
dem-1065	242	14	1	1	NUM
dem-1065	242	15	{	{	PUNCT
dem-1065	242	16	,	,	PUNCT
dem-1065	242	17	0}t	0}t	NUM
dem-1065	242	18	ti	ti	X
dem-1065	242	19	x	x	SYM
dem-1065	242	20	j	j	PROPN
dem-1065	242	21			NUM
dem-1065	242	22	and	and	CCONJ
dem-1065	242	23	{	{	PUNCT
dem-1065	242	24	,	,	PUNCT
dem-1065	242	25	,	,	PUNCT
dem-1065	242	26	0}.t	0}.t	PROPN
dem-1065	242	27	t	t	PROPN
dem-1065	242	28	j	j	PROPN
dem-1065	242	29	t	t	PROPN
dem-1065	242	30	jj	jj	PROPN
dem-1065	242	31	x	x	PROPN
dem-1065	242	32	y	y	PROPN
dem-1065	242	33	j	j	VERB
dem-1065	242	34			PROPN
dem-1065	242	35			NUM
dem-1065	242	36	ty	ty	NOUN
dem-1065	242	37	is	be	AUX
dem-1065	242	38	said	say	VERB
dem-1065	242	39	to	to	PART
dem-1065	242	40	cause	cause	VERB
dem-1065	242	41	1tx	1tx	ADJ
dem-1065	242	42			VERB
dem-1065	242	43	in	in	ADP
dem-1065	242	44	variance	variance	NOUN
dem-1065	242	45	if	if	SCONJ
dem-1065	242	46	sovereign	sovereign	ADJ
dem-1065	242	47	cds	cd	NOUN
dem-1065	242	48	instruments	instrument	NOUN
dem-1065	242	49	in	in	ADP
dem-1065	242	50	central	central	PROPN
dem-1065	242	51	europe	europe	PROPN
dem-1065	242	52	–	–	PUNCT
dem-1065	242	53	linkages	linkage	NOUN
dem-1065	242	54	and	and	CCONJ
dem-1065	242	55	interdependence	interdependence	NOUN
dem-1065	242	56	127	127	NUM
dem-1065	242	57	2	2	NUM
dem-1065	242	58	2	2	NUM
dem-1065	242	59	1	1	NUM
dem-1065	242	60	,	,	PUNCT
dem-1065	242	61	1	1	NUM
dem-1065	242	62	1	1	NUM
dem-1065	242	63	,	,	PUNCT
dem-1065	242	64	1	1	NUM
dem-1065	242	65	[	[	X
dem-1065	242	66	(	(	PUNCT
dem-1065	242	67	)	)	PUNCT
dem-1065	243	1	|	|	ADV
dem-1065	243	2	]	]	PUNCT
dem-1065	244	1	[	[	X
dem-1065	244	2	(	(	PUNCT
dem-1065	244	3	)	)	PUNCT
dem-1065	244	4	|	|	ADV
dem-1065	244	5	]	]	PUNCT
dem-1065	244	6	,	,	PUNCT
dem-1065	244	7	t	t	PROPN
dem-1065	244	8	x	x	SYM
dem-1065	244	9	t	t	PROPN
dem-1065	244	10	t	t	PROPN
dem-1065	244	11	t	t	PROPN
dem-1065	244	12	x	x	SYM
dem-1065	244	13	t	t	NOUN
dem-1065	244	14	te	te	PROPN
dem-1065	244	15	x	x	PUNCT
dem-1065	245	1	i	i	NOUN
dem-1065	245	2	e	e	NOUN
dem-1065	245	3	x	x	X
dem-1065	245	4	j	j	PROPN
dem-1065	245	5			PROPN
dem-1065	245	6			VERB
dem-1065	245	7			VERB
dem-1065	245	8			PROPN
dem-1065	245	9			VERB
dem-1065	245	10			PROPN
dem-1065	245	11	where	where	SCONJ
dem-1065	245	12	,	,	PUNCT
dem-1065	245	13	1x	1x	PROPN
dem-1065	245	14	t	t	PROPN
dem-1065	245	15			ADV
dem-1065	245	16	is	be	AUX
dem-1065	245	17	the	the	DET
dem-1065	245	18	conditional	conditional	ADJ
dem-1065	245	19	mean	mean	NOUN
dem-1065	245	20	of	of	ADP
dem-1065	245	21	1tx	1tx	ADJ
dem-1065	245	22			PUNCT
dem-1065	245	23	(	(	PUNCT
dem-1065	245	24	conditioned	condition	VERB
dem-1065	245	25	on	on	ADP
dem-1065	245	26	ti	ti	NOUN
dem-1065	245	27	)	)	PUNCT
dem-1065	245	28	.	.	PUNCT
dem-1065	246	1	feedback	feedback	NOUN
dem-1065	246	2	in	in	ADP
dem-1065	246	3	variance	variance	NOUN
dem-1065	246	4	occurs	occur	VERB
dem-1065	246	5	when	when	SCONJ
dem-1065	246	6	x	x	PRON
dem-1065	246	7	causes	cause	VERB
dem-1065	246	8	y	y	PROPN
dem-1065	246	9	,	,	PUNCT
dem-1065	246	10	and	and	CCONJ
dem-1065	246	11	y	y	PROPN
dem-1065	246	12	causes	cause	VERB
dem-1065	246	13	x.	x.	NOUN
dem-1065	246	14	let	let	VERB
dem-1065	246	15	us	we	PRON
dem-1065	246	16	also	also	ADV
dem-1065	246	17	suppose	suppose	VERB
dem-1065	246	18	that	that	SCONJ
dem-1065	246	19	:	:	PUNCT
dem-1065	246	20	1/2	1/2	NUM
dem-1065	246	21	,	,	PUNCT
dem-1065	246	22	,	,	PUNCT
dem-1065	246	23	1/2	1/2	NUM
dem-1065	246	24	,	,	PUNCT
dem-1065	246	25	,	,	PUNCT
dem-1065	246	26	,	,	PUNCT
dem-1065	246	27	.	.	PUNCT
dem-1065	247	1	t	t	NOUN
dem-1065	247	2	x	x	PUNCT
dem-1065	248	1	t	t	PROPN
dem-1065	248	2	x	x	SYM
dem-1065	248	3	t	t	PROPN
dem-1065	248	4	t	t	PROPN
dem-1065	248	5	t	t	PROPN
dem-1065	248	6	y	y	PROPN
dem-1065	248	7	t	t	PROPN
dem-1065	249	1	y	y	PROPN
dem-1065	249	2	t	t	PROPN
dem-1065	249	3	t	t	PROPN
dem-1065	249	4	x	x	X
dem-1065	249	5	h	h	NOUN
dem-1065	249	6	y	y	PROPN
dem-1065	249	7	h	h	NOUN
dem-1065	249	8			NOUN
dem-1065	249	9			NOUN
dem-1065	249	10			NOUN
dem-1065	249	11			NOUN
dem-1065	249	12			NUM
dem-1065	249	13			ADV
dem-1065	249	14			NOUN
dem-1065	249	15			VERB
dem-1065	249	16	in	in	ADP
dem-1065	249	17	the	the	DET
dem-1065	249	18	model	model	NOUN
dem-1065	249	19	above	above	ADV
dem-1065	249	20	,	,	PUNCT
dem-1065	249	21	,	,	PUNCT
dem-1065	249	22	z	z	NOUN
dem-1065	249	23	t	t	PROPN
dem-1065	249	24	denotes	denote	NOUN
dem-1065	249	25	conditional	conditional	ADJ
dem-1065	249	26	mean	mean	NOUN
dem-1065	249	27	,	,	PUNCT
dem-1065	249	28	,	,	PUNCT
dem-1065	249	29	z	z	NOUN
dem-1065	249	30	th	th	X
dem-1065	249	31	conditional	conditional	ADJ
dem-1065	249	32	variance	variance	NOUN
dem-1065	249	33	,	,	PUNCT
dem-1065	249	34	while	while	SCONJ
dem-1065	249	35	t	t	PROPN
dem-1065	249	36	and	and	CCONJ
dem-1065	249	37	t	t	PRON
dem-1065	249	38	are	be	AUX
dem-1065	249	39	white	white	ADJ
dem-1065	249	40	noise	noise	NOUN
dem-1065	249	41	processes	process	NOUN
dem-1065	249	42	with	with	ADP
dem-1065	249	43	null	null	ADJ
dem-1065	249	44	mean	mean	NOUN
dem-1065	249	45	.	.	PUNCT
dem-1065	250	1	let	let	VERB
dem-1065	250	2	tu	tu	PROPN
dem-1065	250	3	and	and	CCONJ
dem-1065	250	4	tv	tv	NOUN
dem-1065	250	5	denote	denote	VERB
dem-1065	250	6	squares	square	NOUN
dem-1065	250	7	of	of	ADP
dem-1065	250	8	standardised	standardised	ADJ
dem-1065	250	9	residuals	residual	NOUN
dem-1065	250	10	:	:	PUNCT
dem-1065	250	11	22	22	NUM
dem-1065	250	12	,	,	PUNCT
dem-1065	250	13	,	,	PUNCT
dem-1065	250	14	2	2	NUM
dem-1065	250	15	2	2	NUM
dem-1065	250	16	,	,	PUNCT
dem-1065	250	17	,	,	PUNCT
dem-1065	250	18	(	(	PUNCT
dem-1065	250	19	)	)	PUNCT
dem-1065	250	20	(	(	PUNCT
dem-1065	250	21	)	)	PUNCT
dem-1065	250	22	,	,	PUNCT
dem-1065	250	23	.t	.t	PROPN
dem-1065	251	1	y	y	PROPN
dem-1065	251	2	tt	tt	PROPN
dem-1065	252	1	x	x	PROPN
dem-1065	252	2	t	t	PROPN
dem-1065	252	3	t	t	PROPN
dem-1065	252	4	t	t	PROPN
dem-1065	252	5	t	t	PROPN
dem-1065	252	6	t	t	PROPN
dem-1065	252	7	x	x	SYM
dem-1065	252	8	t	t	PROPN
dem-1065	252	9	y	y	PROPN
dem-1065	252	10	t	t	PROPN
dem-1065	252	11	yx	yx	X
dem-1065	252	12	u	u	PROPN
dem-1065	252	13	v	v	ADP
dem-1065	252	14	h	h	NOUN
dem-1065	252	15	h	h	NOUN
dem-1065	252	16			ADP
dem-1065	252	17			PROPN
dem-1065	252	18			NOUN
dem-1065	252	19			ADP
dem-1065	253	1			NUM
dem-1065	253	2			NOUN
dem-1065	253	3			PRON
dem-1065	253	4			NOUN
dem-1065	253	5	let	let	VERB
dem-1065	253	6	,	,	PUNCT
dem-1065	253	7	(	(	PUNCT
dem-1065	253	8	)	)	PUNCT
dem-1065	253	9	u	u	PROPN
dem-1065	253	10	vr	vr	PROPN
dem-1065	253	11	k	k	PROPN
dem-1065	253	12	denote	denote	VERB
dem-1065	253	13	cross	cross	NOUN
dem-1065	253	14	-	-	NOUN
dem-1065	253	15	correlation	correlation	NOUN
dem-1065	253	16	between	between	ADP
dem-1065	253	17	u	u	NOUN
dem-1065	253	18	and	and	CCONJ
dem-1065	253	19	v	v	NOUN
dem-1065	253	20	,	,	PUNCT
dem-1065	253	21	for	for	ADP
dem-1065	253	22	the	the	DET
dem-1065	253	23	k	k	NOUN
dem-1065	253	24	-	-	PUNCT
dem-1065	253	25	th	th	VERB
dem-1065	253	26	lag	lag	NOUN
dem-1065	253	27	:	:	PUNCT
dem-1065	253	28	,	,	PUNCT
dem-1065	253	29	,	,	PUNCT
dem-1065	253	30	,	,	PUNCT
dem-1065	253	31	,	,	PUNCT
dem-1065	253	32	(	(	PUNCT
dem-1065	253	33	)	)	PUNCT
dem-1065	253	34	(	(	PUNCT
dem-1065	253	35	)	)	PUNCT
dem-1065	253	36	,	,	PUNCT
dem-1065	253	37	(	(	PUNCT
dem-1065	253	38	(	(	PUNCT
dem-1065	253	39	0	0	NUM
dem-1065	253	40	)	)	PUNCT
dem-1065	253	41	(	(	PUNCT
dem-1065	253	42	0	0	NUM
dem-1065	253	43	)	)	PUNCT
dem-1065	253	44	)	)	PUNCT
dem-1065	254	1	u	u	NOUN
dem-1065	254	2	v	v	ADP
dem-1065	254	3	u	u	NOUN
dem-1065	254	4	v	v	ADP
dem-1065	254	5	u	u	X
dem-1065	254	6	u	u	NOUN
dem-1065	254	7	v	v	NOUN
dem-1065	254	8	v	v	ADP
dem-1065	254	9	c	c	NOUN
dem-1065	255	1	k	k	NOUN
dem-1065	255	2	r	r	NOUN
dem-1065	256	1	k	k	NOUN
dem-1065	256	2	c	c	NOUN
dem-1065	256	3	c	c	NOUN
dem-1065	257	1			NOUN
dem-1065	257	2	where	where	SCONJ
dem-1065	257	3	,	,	PUNCT
dem-1065	257	4	(	(	PUNCT
dem-1065	257	5	)	)	PUNCT
dem-1065	257	6	u	u	PROPN
dem-1065	257	7	vc	vc	PROPN
dem-1065	257	8	k	k	PROPN
dem-1065	257	9	denotes	denotes	PROPN
dem-1065	257	10	covariance	covariance	VERB
dem-1065	257	11	between	between	ADP
dem-1065	257	12	u	u	NOUN
dem-1065	257	13	and	and	CCONJ
dem-1065	257	14	v	v	NOUN
dem-1065	257	15	at	at	ADP
dem-1065	257	16	lag	lag	PROPN
dem-1065	257	17	k.	k.	PROPN
dem-1065	258	1	since	since	SCONJ
dem-1065	258	2	the	the	DET
dem-1065	258	3	processes	process	NOUN
dem-1065	258	4	u	u	NOUN
dem-1065	258	5	and	and	CCONJ
dem-1065	258	6	v	v	NOUN
dem-1065	258	7	are	be	AUX
dem-1065	258	8	independent	independent	ADJ
dem-1065	258	9	:	:	PUNCT
dem-1065	258	10	,	,	PUNCT
dem-1065	258	11	,	,	PUNCT
dem-1065	258	12	(	(	PUNCT
dem-1065	258	13	)	)	PUNCT
dem-1065	258	14	0	0	NUM
dem-1065	258	15	1	1	NUM
dem-1065	258	16	0	0	NUM
dem-1065	258	17	,	,	PUNCT
dem-1065	258	18	,	,	PUNCT
dem-1065	258	19	.	.	PUNCT
dem-1065	259	1	0	0	NUM
dem-1065	259	2	0	0	NUM
dem-1065	259	3	1	1	NUM
dem-1065	259	4	(	(	PUNCT
dem-1065	259	5	)	)	PUNCT
dem-1065	259	6	u	u	NOUN
dem-1065	259	7	v	v	ADP
dem-1065	259	8	u	u	NOUN
dem-1065	259	9	v	v	ADP
dem-1065	259	10	t	t	NOUN
dem-1065	259	11	r	r	NOUN
dem-1065	259	12	k	k	PROPN
dem-1065	259	13	n	n	PROPN
dem-1065	259	14	k	k	PROPN
dem-1065	259	15	j	j	PROPN
dem-1065	259	16	t	t	PROPN
dem-1065	259	17	r	r	PROPN
dem-1065	259	18	j	j	PROPN
dem-1065	259	19			NOUN
dem-1065	259	20			ADV
dem-1065	259	21			VERB
dem-1065	259	22			PROPN
dem-1065	259	23			ADJ
dem-1065	259	24			NOUN
dem-1065	259	25			ADJ
dem-1065	259	26			ADJ
dem-1065	259	27			PROPN
dem-1065	259	28			NOUN
dem-1065	259	29			NOUN
dem-1065	259	30			NOUN
dem-1065	259	31			PROPN
dem-1065	259	32			VERB
dem-1065	259	33			X
dem-1065	259	34			NOUN
dem-1065	259	35	cheung	cheung	PROPN
dem-1065	259	36	and	and	CCONJ
dem-1065	259	37	ng	ng	PROPN
dem-1065	259	38	(	(	PUNCT
dem-1065	259	39	1996	1996	NUM
dem-1065	259	40	)	)	PUNCT
dem-1065	259	41	proposed	propose	VERB
dem-1065	259	42	the	the	DET
dem-1065	259	43	following	follow	VERB
dem-1065	259	44	test	test	NOUN
dem-1065	259	45	to	to	PART
dem-1065	259	46	verify	verify	VERB
dem-1065	259	47	the	the	DET
dem-1065	259	48	causality	causality	NOUN
dem-1065	259	49	in	in	ADP
dem-1065	259	50	variance	variance	NOUN
dem-1065	259	51	.	.	PUNCT
dem-1065	260	1	first	first	ADV
dem-1065	260	2	,	,	PUNCT
dem-1065	260	3	we	we	PRON
dem-1065	260	4	construct	construct	VERB
dem-1065	260	5	the	the	DET
dem-1065	260	6	following	following	ADJ
dem-1065	260	7	statistics	statistic	NOUN
dem-1065	260	8	:	:	PUNCT
dem-1065	260	9	2	2	NUM
dem-1065	260	10	,	,	PUNCT
dem-1065	260	11	(	(	PUNCT
dem-1065	260	12	)	)	PUNCT
dem-1065	260	13	,	,	PUNCT
dem-1065	260	14	k	k	PROPN
dem-1065	260	15	u	u	NOUN
dem-1065	260	16	v	v	INTJ
dem-1065	261	1	i	i	PRON
dem-1065	261	2	j	j	PROPN
dem-1065	261	3	s	s	PROPN
dem-1065	261	4	t	t	PROPN
dem-1065	261	5	r	r	NOUN
dem-1065	262	1	i	i	PRON
dem-1065	262	2			VERB
dem-1065	262	3			VERB
dem-1065	262	4			NUM
dem-1065	262	5			NOUN
dem-1065	262	6	which	which	PRON
dem-1065	262	7	is	be	AUX
dem-1065	262	8	distributed	distribute	VERB
dem-1065	262	9	according	accord	VERB
dem-1065	262	10	to	to	ADP
dem-1065	262	11	2	2	NUM
dem-1065	262	12	distribution	distribution	NOUN
dem-1065	262	13	with	with	ADP
dem-1065	262	14	(	(	PUNCT
dem-1065	262	15	k	k	X
dem-1065	262	16	-	-	ADJ
dem-1065	262	17	j+1	j+1	ADJ
dem-1065	262	18	)	)	PUNCT
dem-1065	262	19	degrees	degree	NOUN
dem-1065	262	20	of	of	ADP
dem-1065	262	21	freedom	freedom	NOUN
dem-1065	262	22	.	.	PUNCT
dem-1065	263	1	if	if	SCONJ
dem-1065	263	2	the	the	DET
dem-1065	263	3	sample	sample	NOUN
dem-1065	263	4	is	be	AUX
dem-1065	263	5	small	small	ADJ
dem-1065	263	6	,	,	PUNCT
dem-1065	263	7	the	the	DET
dem-1065	263	8	following	following	NOUN
dem-1065	263	9	,	,	PUNCT
dem-1065	263	10	corrected	correct	VERB
dem-1065	263	11	version	version	NOUN
dem-1065	263	12	of	of	ADP
dem-1065	263	13	the	the	DET
dem-1065	263	14	statistics	statistic	NOUN
dem-1065	263	15	is	be	AUX
dem-1065	263	16	applied	apply	VERB
dem-1065	263	17	:	:	PUNCT
dem-1065	263	18	2	2	NUM
dem-1065	263	19	,	,	PUNCT
dem-1065	263	20	(	(	PUNCT
dem-1065	263	21	)	)	PUNCT
dem-1065	263	22	,	,	PUNCT
dem-1065	264	1	k	k	PROPN
dem-1065	265	1	i	i	PRON
dem-1065	265	2	u	u	VERB
dem-1065	265	3	v	v	VERB
dem-1065	266	1	i	i	PRON
dem-1065	266	2	j	j	PROPN
dem-1065	266	3	s	s	PROPN
dem-1065	266	4	t	t	PROPN
dem-1065	266	5	r	r	PROPN
dem-1065	266	6	i	i	NOUN
dem-1065	267	1			NUM
dem-1065	267	2			ADJ
dem-1065	267	3			NUM
dem-1065	268	1			PUNCT
dem-1065	268	2	where	where	SCONJ
dem-1065	268	3	2	2	X
dem-1065	268	4	.	.	PUNCT
dem-1065	269	1	|	|	ADV
dem-1065	269	2	|i	|i	VERB
dem-1065	269	3	t	t	PROPN
dem-1065	269	4	t	t	PROPN
dem-1065	270	1	i	i	PRON
dem-1065	270	2			PROPN
dem-1065	270	3			ADJ
dem-1065	270	4			PROPN
dem-1065	270	5			PROPN
dem-1065	270	6	agata	agata	PROPN
dem-1065	270	7	kliber	kliber	PROPN
dem-1065	270	8	128	128	NUM
dem-1065	270	9	multivariate	multivariate	NOUN
dem-1065	270	10	stochastic	stochastic	ADJ
dem-1065	270	11	volatility	volatility	NOUN
dem-1065	270	12	model	model	NOUN
dem-1065	270	13	with	with	ADP
dem-1065	270	14	granger	granger	PROPN
dem-1065	270	15	causality	causality	PROPN
dem-1065	270	16	of	of	ADP
dem-1065	270	17	yu	yu	PROPN
dem-1065	270	18	and	and	CCONJ
dem-1065	270	19	meyer	meyer	PROPN
dem-1065	270	20	the	the	DET
dem-1065	270	21	model	model	NOUN
dem-1065	270	22	has	have	VERB
dem-1065	270	23	the	the	DET
dem-1065	270	24	following	follow	VERB
dem-1065	270	25	form	form	NOUN
dem-1065	270	26	:	:	PUNCT
dem-1065	270	27	,	,	PUNCT
dem-1065	270	28	~	~	PUNCT
dem-1065	270	29	(	(	PUNCT
dem-1065	270	30	,	,	PUNCT
dem-1065	270	31	)	)	PUNCT
dem-1065	270	32	,	,	PUNCT
dem-1065	270	33	t	t	PROPN
dem-1065	270	34	t	t	PROPN
dem-1065	270	35	t	t	PROPN
dem-1065	270	36	t	t	PROPN
dem-1065	270	37	iid	iid	VERB
dem-1065	270	38	y	y	PROPN
dem-1065	270	39	ω	ω	PROPN
dem-1065	270	40	ε	ε	PROPN
dem-1065	270	41	ε	ε	PROPN
dem-1065	270	42	0	0	PROPN
dem-1065	271	1	σ	σ	PROPN
dem-1065	271	2	1	1	NUM
dem-1065	271	3	2	2	NUM
dem-1065	271	4	2	2	NUM
dem-1065	271	5	2	2	NUM
dem-1065	271	6	1	1	NUM
dem-1065	271	7	,	,	PUNCT
dem-1065	271	8	(	(	PUNCT
dem-1065	271	9	)	)	PUNCT
dem-1065	271	10	~	~	PUNCT
dem-1065	271	11	(	(	PUNCT
dem-1065	271	12	0	0	NUM
dem-1065	271	13	,	,	PUNCT
dem-1065	271	14	(	(	PUNCT
dem-1065	271	15	,	,	PUNCT
dem-1065	271	16	)	)	PUNCT
dem-1065	271	17	)	)	PUNCT
dem-1065	271	18	,	,	PUNCT
dem-1065	271	19	t	t	PROPN
dem-1065	271	20	t	t	PROPN
dem-1065	271	21	t	t	PROPN
dem-1065	271	22	t	t	PROPN
dem-1065	271	23	iid	iid	VERB
dem-1065	271	24	diag	diag	NOUN
dem-1065	271	25			NUM
dem-1065	271	26			PROPN
dem-1065	271	27			NOUN
dem-1065	271	28			NUM
dem-1065	271	29			PUNCT
dem-1065	271	30			PROPN
dem-1065	271	31	h	h	PROPN
dem-1065	271	32	μ	μ	PROPN
dem-1065	271	33	φ	φ	PROPN
dem-1065	271	34	h	h	PROPN
dem-1065	271	35	μ	μ	PROPN
dem-1065	271	36	η	η	PROPN
dem-1065	271	37	η	η	PROPN
dem-1065	271	38	where	where	SCONJ
dem-1065	271	39	:	:	PUNCT
dem-1065	271	40	1	1	NUM
dem-1065	271	41	2	2	NUM
dem-1065	271	42	(	(	PUNCT
dem-1065	271	43	,	,	PUNCT
dem-1065	271	44	)	)	PUNCT
dem-1065	271	45	'	'	PUNCT
dem-1065	271	46	y	y	PROPN
dem-1065	271	47	yy	yy	PROPN
dem-1065	271	48	denotes	denote	VERB
dem-1065	271	49	the	the	DET
dem-1065	271	50	mean	mean	ADV
dem-1065	271	51	-	-	PUNCT
dem-1065	271	52	adjusted	adjust	VERB
dem-1065	271	53	time	time	NOUN
dem-1065	271	54	series	series	NOUN
dem-1065	271	55	of	of	ADP
dem-1065	271	56	data	data	PROPN
dem-1065	271	57	,	,	PUNCT
dem-1065	271	58	t	t	NOUN
dem-1065	271	59	is	be	AUX
dem-1065	271	60	a	a	DET
dem-1065	271	61	diagonal	diagonal	ADJ
dem-1065	271	62	matrix	matrix	NOUN
dem-1065	271	63	(	(	PUNCT
dem-1065	271	64	(	(	PUNCT
dem-1065	271	65	exp	exp	NOUN
dem-1065	271	66	(	(	PUNCT
dem-1065	271	67	)	)	PUNCT
dem-1065	271	68	)	)	PUNCT
dem-1065	271	69	,	,	PUNCT
dem-1065	271	70	2	2	NUM
dem-1065	271	71	t	t	NOUN
dem-1065	271	72	t	t	NOUN
dem-1065	271	73	h	h	NOUN
dem-1065	272	1	diagω	diagω	ADJ
dem-1065	272	2	1	1	NUM
dem-1065	272	3	,	,	PUNCT
dem-1065	272	4	1	1	NUM
dem-1065	272	5	t	t	NOUN
dem-1065	272	6			PROPN
dem-1065	272	7			PROPN
dem-1065	272	8			ADP
dem-1065	272	9			ADP
dem-1065	272	10			PROPN
dem-1065	272	11			NOUN
dem-1065	272	12			PROPN
dem-1065	272	13			NOUN
dem-1065	272	14			NOUN
dem-1065	272	15			NOUN
dem-1065	272	16			PROPN
dem-1065	272	17	σ	σ	PROPN
dem-1065	272	18	11	11	NUM
dem-1065	272	19	12	12	NUM
dem-1065	272	20	21	21	NUM
dem-1065	272	21	22	22	NUM
dem-1065	272	22	=	=	PUNCT
dem-1065	272	23	.	.	PUNCT
dem-1065	273	1			NOUN
dem-1065	273	2			NOUN
dem-1065	273	3			NOUN
dem-1065	273	4			NOUN
dem-1065	273	5			PROPN
dem-1065	273	6			ADJ
dem-1065	273	7			NOUN
dem-1065	273	8			NOUN
dem-1065	273	9			PROPN
dem-1065	273	10			PROPN
dem-1065	273	11	φ	φ	PROPN
dem-1065	273	12	naturally	naturally	ADV
dem-1065	273	13	,	,	PUNCT
dem-1065	273	14	1	1	NUM
dem-1065	273	15	2	2	NUM
dem-1065	273	16	1	1	NUM
dem-1065	273	17	,	,	PUNCT
dem-1065	273	18	2	2	NUM
dem-1065	273	19	,	,	PUNCT
dem-1065	273	20	1	1	NUM
dem-1065	273	21	,	,	PUNCT
dem-1065	273	22	2	2	NUM
dem-1065	273	23	,	,	PUNCT
dem-1065	273	24	1	1	NUM
dem-1065	273	25	,	,	PUNCT
dem-1065	273	26	2	2	NUM
dem-1065	273	27	,	,	PUNCT
dem-1065	273	28	(	(	PUNCT
dem-1065	273	29	,	,	PUNCT
dem-1065	273	30	)	)	PUNCT
dem-1065	273	31	'	'	PUNCT
dem-1065	273	32	,	,	PUNCT
dem-1065	273	33	(	(	PUNCT
dem-1065	273	34	,	,	PUNCT
dem-1065	273	35	)	)	PUNCT
dem-1065	273	36	'	'	PUNCT
dem-1065	273	37	,	,	PUNCT
dem-1065	273	38	(	(	PUNCT
dem-1065	273	39	,	,	PUNCT
dem-1065	273	40	)	)	PUNCT
dem-1065	273	41	'	'	PUNCT
dem-1065	273	42	,	,	PUNCT
dem-1065	273	43	(	(	PUNCT
dem-1065	273	44	,	,	PUNCT
dem-1065	273	45	)	)	PUNCT
dem-1065	273	46	'	'	PUNCT
dem-1065	273	47	.t	.t	PROPN
dem-1065	274	1	t	t	PROPN
dem-1065	274	2	t	t	PROPN
dem-1065	274	3	t	t	PROPN
dem-1065	274	4	t	t	PROPN
dem-1065	274	5	t	t	PROPN
dem-1065	274	6	t	t	PROPN
dem-1065	274	7	t	t	PROPN
dem-1065	274	8	th	th	X
dem-1065	274	9	h	h	PROPN
dem-1065	274	10			NOUN
dem-1065	274	11			NOUN
dem-1065	274	12			PROPN
dem-1065	274	13			PUNCT
dem-1065	274	14			PUNCT
dem-1065	275	1			NUM
dem-1065	275	2			PROPN
dem-1065	276	1	μ	μ	ADV
dem-1065	276	2	h	h	NOUN
dem-1065	276	3	ε	ε	PROPN
dem-1065	276	4	η	η	PROPN
dem-1065	276	5	in	in	ADP
dem-1065	276	6	the	the	DET
dem-1065	276	7	model	model	NOUN
dem-1065	276	8	it	it	PRON
dem-1065	276	9	is	be	AUX
dem-1065	276	10	assumed	assume	VERB
dem-1065	276	11	that	that	SCONJ
dem-1065	276	12	the	the	DET
dem-1065	276	13	(	(	PUNCT
dem-1065	276	14	mean	mean	ADV
dem-1065	276	15	-	-	PUNCT
dem-1065	276	16	adjusted	adjust	VERB
dem-1065	276	17	)	)	PUNCT
dem-1065	276	18	returns	return	NOUN
dem-1065	276	19	and	and	CCONJ
dem-1065	276	20	volatilities	volatility	NOUN
dem-1065	276	21	are	be	AUX
dem-1065	276	22	cross	cross	ADJ
dem-1065	276	23	-	-	ADJ
dem-1065	276	24	dependent	dependent	ADJ
dem-1065	276	25	,	,	PUNCT
dem-1065	276	26	as	as	ADV
dem-1065	276	27	well	well	ADV
dem-1065	276	28	as	as	ADP
dem-1065	276	29	that	that	SCONJ
dem-1065	276	30	the	the	DET
dem-1065	276	31	volatility	volatility	NOUN
dem-1065	276	32	of	of	ADP
dem-1065	276	33	the	the	DET
dem-1065	276	34	first	first	ADJ
dem-1065	276	35	asset	asset	NOUN
dem-1065	276	36	can	can	AUX
dem-1065	276	37	be	be	AUX
dem-1065	276	38	granger	granger	NOUN
dem-1065	276	39	-	-	PUNCT
dem-1065	276	40	caused	cause	VERB
dem-1065	276	41	by	by	ADP
dem-1065	276	42	the	the	DET
dem-1065	276	43	volatility	volatility	NOUN
dem-1065	276	44	of	of	ADP
dem-1065	276	45	the	the	DET
dem-1065	276	46	second	second	ADJ
dem-1065	276	47	one	one	NUM
dem-1065	276	48	,	,	PUNCT
dem-1065	276	49	and	and	CCONJ
dem-1065	276	50	that	that	SCONJ
dem-1065	276	51	the	the	DET
dem-1065	276	52	volatility	volatility	NOUN
dem-1065	276	53	of	of	ADP
dem-1065	276	54	the	the	DET
dem-1065	276	55	second	second	ADJ
dem-1065	276	56	asset	asset	NOUN
dem-1065	276	57	can	can	AUX
dem-1065	276	58	be	be	AUX
dem-1065	276	59	caused	cause	VERB
dem-1065	276	60	by	by	ADP
dem-1065	276	61	the	the	DET
dem-1065	276	62	volatility	volatility	NOUN
dem-1065	276	63	of	of	ADP
dem-1065	276	64	the	the	DET
dem-1065	276	65	first	first	ADJ
dem-1065	276	66	one	one	NUM
dem-1065	276	67	.	.	PUNCT
dem-1065	277	1	in	in	ADP
dem-1065	277	2	order	order	NOUN
dem-1065	277	3	to	to	PART
dem-1065	277	4	investigate	investigate	VERB
dem-1065	277	5	the	the	DET
dem-1065	277	6	direction	direction	NOUN
dem-1065	277	7	of	of	ADP
dem-1065	277	8	volatility	volatility	NOUN
dem-1065	277	9	spillovers	spillover	NOUN
dem-1065	277	10	we	we	PRON
dem-1065	277	11	estimate	estimate	VERB
dem-1065	277	12	the	the	DET
dem-1065	277	13	model	model	NOUN
dem-1065	277	14	and	and	CCONJ
dem-1065	277	15	check	check	VERB
dem-1065	277	16	the	the	DET
dem-1065	277	17	estimates	estimate	NOUN
dem-1065	277	18	of	of	ADP
dem-1065	277	19	the	the	DET
dem-1065	277	20	parameters	parameter	NOUN
dem-1065	277	21	12	12	NUM
dem-1065	277	22	and	and	CCONJ
dem-1065	277	23	21	21	NUM
dem-1065	277	24	.	.	PUNCT
dem-1065	278	1	zależności	zależności	NOUN
dem-1065	279	1	i	i	PRON
dem-1065	279	2	powiązania	powiązania	PROPN
dem-1065	279	3	między	między	ADV
dem-1065	279	4	instrumentami	instrumentami	VERB
dem-1065	279	5	cds	cd	NOUN
dem-1065	279	6	na	na	ADP
dem-1065	279	7	dług	dług	NOUN
dem-1065	279	8	rządowy	rządowy	ADJ
dem-1065	279	9	w	w	PROPN
dem-1065	279	10	gospodarkach	gospodarkach	NOUN
dem-1065	279	11	europy	europy	NOUN
dem-1065	279	12	środkowej	środkowej	VERB
dem-1065	279	13	z	z	PROPN
dem-1065	280	1	a	a	DET
dem-1065	280	2	r	r	NOUN
dem-1065	280	3	y	y	PROPN
dem-1065	280	4	s	s	PROPN
dem-1065	280	5	t	t	NOUN
dem-1065	280	6	r	r	NOUN
dem-1065	280	7	e	e	PROPN
dem-1065	280	8	ś	ś	PROPN
dem-1065	280	9	c	c	PROPN
dem-1065	280	10	i.	i.	PROPN
dem-1065	280	11	artykuł	artykuł	PROPN
dem-1065	280	12	przedstawia	przedstawia	PROPN
dem-1065	280	13	badanie	badanie	PROPN
dem-1065	280	14	współzależności	współzależności	VERB
dem-1065	280	15	między	między	PROPN
dem-1065	280	16	procesami	procesami	PROPN
dem-1065	280	17	cen	cen	PROPN
dem-1065	280	18	instrumentów	instrumentów	PROPN
dem-1065	280	19	cds	cd	NOUN
dem-1065	280	20	(	(	PUNCT
dem-1065	280	21	credit	credit	NOUN
dem-1065	280	22	default	default	NOUN
dem-1065	280	23	swap	swap	NOUN
dem-1065	280	24	)	)	PUNCT
dem-1065	280	25	w	w	PROPN
dem-1065	280	26	europie	europie	PROPN
dem-1065	280	27	środkowej	środkowej	PROPN
dem-1065	280	28	.	.	PUNCT
dem-1065	281	1	autorka	autorka	PROPN
dem-1065	281	2	analizuje	analizuje	PROPN
dem-1065	281	3	zależności	zależności	PROPN
dem-1065	281	4	między	między	PROPN
dem-1065	281	5	zmiennościami	zmiennościami	PROPN
dem-1065	281	6	cen	cen	PROPN
dem-1065	281	7	instrumentów	instrumentów	PROPN
dem-1065	281	8	w	w	ADP
dem-1065	281	9	okresie	okresie	ADJ
dem-1065	281	10	kryzysowym	kryzysowym	PROPN
dem-1065	281	11	starając	starając	PROPN
dem-1065	281	12	się	się	PROPN
dem-1065	281	13	znaleźć	znaleźć	PROPN
dem-1065	282	1	odpowiedź	odpowiedź	PROPN
dem-1065	282	2	na	na	PROPN
dem-1065	282	3	pytanie	pytanie	PROPN
dem-1065	282	4	,	,	PUNCT
dem-1065	282	5	czy	czy	PROPN
dem-1065	282	6	ich	ich	PROPN
dem-1065	282	7	cena	cena	PROPN
dem-1065	282	8	determinowana	determinowana	PROPN
dem-1065	282	9	jest	jest	PROPN
dem-1065	282	10	w	w	PROPN
dem-1065	282	11	znacznym	znacznym	PROPN
dem-1065	282	12	stopniu	stopniu	PROPN
dem-1065	282	13	przez	przez	PROPN
dem-1065	282	14	zależności	zależności	PROPN
dem-1065	282	15	regionalne	regionalne	PROPN
dem-1065	283	1	i	i	PRON
dem-1065	283	2	oczekiwania	oczekiwania	VERB
dem-1065	283	3	inwestorów	inwestorów	NOUN
dem-1065	283	4	(	(	PUNCT
dem-1065	283	5	zjawisko	zjawisko	PROPN
dem-1065	283	6	zarażania	zarażania	PROPN
dem-1065	283	7	sterowane	sterowane	PROPN
dem-1065	283	8	oczekiwaniami	oczekiwaniami	PROPN
dem-1065	283	9	,	,	PUNCT
dem-1065	283	10	ang	ang	PROPN
dem-1065	283	11	.	.	PROPN
dem-1065	283	12	sunspot	sunspot	NOUN
dem-1065	283	13	)	)	PUNCT
dem-1065	283	14	.	.	PUNCT
dem-1065	284	1	wyniki	wyniki	PROPN
dem-1065	284	2	przeprowadzonego	przeprowadzonego	PROPN
dem-1065	284	3	badania	badania	PROPN
dem-1065	284	4	sugerują	sugerują	PROPN
dem-1065	284	5	,	,	PUNCT
dem-1065	284	6	że	że	PROPN
dem-1065	284	7	ceny	ceny	PROPN
dem-1065	284	8	instrumentów	instrumentów	X
dem-1065	284	9	cds	cds	PROPN
dem-1065	284	10	są	są	PROPN
dem-1065	284	11	w	w	PROPN
dem-1065	284	12	znacznym	znacznym	PROPN
dem-1065	284	13	stopniu	stopniu	PROPN
dem-1065	284	14	sterowane	sterowane	PROPN
dem-1065	284	15	oczekiwaniami	oczekiwaniami	PROPN
dem-1065	284	16	(	(	PUNCT
dem-1065	284	17	gwałtowna	gwałtowna	NOUN
dem-1065	284	18	reakcja	reakcja	VERB
dem-1065	284	19	na	na	ADP
dem-1065	284	20	kryzys	kryzys	PROPN
dem-1065	284	21	grecki	grecki	PROPN
dem-1065	284	22	)	)	PUNCT
dem-1065	284	23	,	,	PUNCT
dem-1065	284	24	jak	jak	PROPN
dem-1065	284	25	również	również	PROPN
dem-1065	284	26	że	że	PROPN
dem-1065	284	27	zależności	zależności	PROPN
dem-1065	284	28	regionalne	regionalne	PROPN
dem-1065	284	29	–	–	PUNCT
dem-1065	284	30	mimo	mimo	PROPN
dem-1065	284	31	że	że	PROPN
dem-1065	284	32	istnieją	istnieją	PROPN
dem-1065	284	33	–	–	PUNCT
dem-1065	284	34	mają	mają	X
dem-1065	284	35	mniejszy	mniejszy	PROPN
dem-1065	284	36	wpływ	wpływ	PROPN
dem-1065	284	37	na	na	PROPN
dem-1065	284	38	cenę	cenę	PROPN
dem-1065	284	39	kontraktów	kontraktów	PROPN
dem-1065	284	40	,	,	PUNCT
dem-1065	284	41	niż	niż	PROPN
dem-1065	284	42	wydarzenia	wydarzenia	PROPN
dem-1065	284	43	ogólnoeuropejskie	ogólnoeuropejskie	NOUN
dem-1065	284	44	.	.	PUNCT
dem-1065	285	1	s	s	PART
dem-1065	286	1	ł	ł	PROPN
dem-1065	286	2	o	o	X
dem-1065	286	3	w	w	NOUN
dem-1065	286	4	a	a	DET
dem-1065	286	5	k	k	X
dem-1065	286	6	l	l	NOUN
dem-1065	286	7	u	u	NOUN
dem-1065	287	1	c	c	NOUN
dem-1065	287	2	z	z	NOUN
dem-1065	287	3	o	o	X
dem-1065	287	4	w	w	PROPN
dem-1065	288	1	e	e	NOUN
dem-1065	288	2	:	:	PUNCT
dem-1065	288	3	wielowymiarowe	wielowymiarowe	PROPN
dem-1065	288	4	modele	modele	PROPN
dem-1065	288	5	zmienności	zmienności	PROPN
dem-1065	288	6	,	,	PUNCT
dem-1065	288	7	cds	cds	PROPN
dem-1065	288	8	,	,	PUNCT
dem-1065	288	9	europa	europa	PROPN
dem-1065	288	10	środkowa	środkowa	PROPN
dem-1065	288	11	,	,	PUNCT
dem-1065	288	12	przenoszenie	przenoszenie	PROPN
dem-1065	288	13	zmienności	zmienności	PROPN
dem-1065	288	14	,	,	PUNCT
dem-1065	288	15	sunspot	sunspot	NOUN
dem-1065	288	16	.	.	PUNCT