id	sid	tid	token	lemma	pos
dem-11736	1	1	d	d	X
dem-11736	1	2	y	y	PROPN
dem-11736	1	3	n	n	PROPN
dem-11736	1	4	a	a	DET
dem-11736	1	5	m	m	VERB
dem-11736	1	6	i	i	NOUN
dem-11736	1	7	c	c	NOUN
dem-11736	1	8	e	e	NOUN
dem-11736	1	9	c	c	NOUN
dem-11736	1	10	o	o	X
dem-11736	1	11	n	n	INTJ
dem-11736	1	12	o	o	NOUN
dem-11736	1	13	m	m	VERB
dem-11736	1	14	e	e	NOUN
dem-11736	1	15	t	t	NOUN
dem-11736	1	16	r	r	NOUN
dem-11736	1	17	i	i	NOUN
dem-11736	1	18	c	c	NOUN
dem-11736	1	19	m	m	VERB
dem-11736	1	20	o	o	NOUN
dem-11736	1	21	d	d	X
dem-11736	1	22	e	e	X
dem-11736	1	23	l	l	NOUN
dem-11736	1	24	s	s	X
dem-11736	1	25	doi	doi	NOUN
dem-11736	1	26	:	:	PUNCT
dem-11736	1	27	http://dx.doi.org/10.12775/dem.2016.002	http://dx.doi.org/10.12775/dem.2016.002	NOUN
dem-11736	1	28	vol	vol	NOUN
dem-11736	1	29	.	.	PUNCT
dem-11736	2	1	16	16	NUM
dem-11736	2	2	(	(	PUNCT
dem-11736	2	3	2016	2016	NUM
dem-11736	2	4	)	)	PUNCT
dem-11736	3	1	21−35	21−35	NOUN
dem-11736	3	2	submitted	submit	VERB
dem-11736	3	3	october	october	PROPN
dem-11736	3	4	20	20	NUM
dem-11736	3	5	,	,	PUNCT
dem-11736	3	6	2016	2016	NUM
dem-11736	3	7	issn	issn	X
dem-11736	3	8	(	(	PUNCT
dem-11736	3	9	online	online	ADJ
dem-11736	3	10	)	)	PUNCT
dem-11736	3	11	2450	2450	NUM
dem-11736	3	12	-	-	SYM
dem-11736	3	13	7067	7067	NUM
dem-11736	3	14	accepted	accept	VERB
dem-11736	3	15	december	december	PROPN
dem-11736	3	16	10	10	NUM
dem-11736	3	17	,	,	PUNCT
dem-11736	3	18	2016	2016	NUM
dem-11736	3	19	issn	issn	X
dem-11736	3	20	(	(	PUNCT
dem-11736	3	21	print	print	NOUN
dem-11736	3	22	)	)	PUNCT
dem-11736	3	23	1234	1234	NUM
dem-11736	3	24	-	-	SYM
dem-11736	3	25	3862	3862	NUM
dem-11736	3	26	marcin	marcin	PROPN
dem-11736	3	27	fałdziński	fałdziński	VERB
dem-11736	3	28	,	,	PUNCT
dem-11736	4	1	magdalena	magdalena	PROPN
dem-11736	4	2	osińska	osińska	PROPN
dem-11736	4	3	*	*	PUNCT
dem-11736	4	4	volatility	volatility	NOUN
dem-11736	4	5	estimators	estimator	NOUN
dem-11736	4	6	in	in	ADP
dem-11736	4	7	econometric	econometric	ADJ
dem-11736	4	8	analysis	analysis	NOUN
dem-11736	4	9	of	of	ADP
dem-11736	4	10	risk	risk	NOUN
dem-11736	4	11	transfer	transfer	NOUN
dem-11736	4	12	on	on	ADP
dem-11736	4	13	capital	capital	NOUN
dem-11736	4	14	markets	markets	PROPN
dem-11736	5	1	a	a	DET
dem-11736	5	2	b	b	PROPN
dem-11736	5	3	s	s	ADP
dem-11736	5	4	t	t	PROPN
dem-11736	5	5	r	r	NOUN
dem-11736	5	6	a	a	DET
dem-11736	5	7	c	c	NOUN
dem-11736	5	8	t.	t.	NOUN
dem-11736	5	9	the	the	DET
dem-11736	5	10	purpose	purpose	NOUN
dem-11736	5	11	of	of	ADP
dem-11736	5	12	the	the	DET
dem-11736	5	13	research	research	NOUN
dem-11736	5	14	is	be	AUX
dem-11736	5	15	to	to	PART
dem-11736	5	16	compare	compare	VERB
dem-11736	5	17	the	the	DET
dem-11736	5	18	performance	performance	NOUN
dem-11736	5	19	of	of	ADP
dem-11736	5	20	different	different	ADJ
dem-11736	5	21	volatility	volatility	NOUN
dem-11736	5	22	measures	measure	NOUN
dem-11736	5	23	while	while	SCONJ
dem-11736	5	24	used	use	VERB
dem-11736	5	25	in	in	ADP
dem-11736	5	26	testing	testing	NOUN
dem-11736	5	27	for	for	ADP
dem-11736	5	28	causality	causality	NOUN
dem-11736	5	29	in	in	ADP
dem-11736	5	30	risk	risk	NOUN
dem-11736	5	31	between	between	ADP
dem-11736	5	32	several	several	ADJ
dem-11736	5	33	emerging	emerge	VERB
dem-11736	5	34	and	and	CCONJ
dem-11736	5	35	mature	mature	ADJ
dem-11736	5	36	capital	capital	NOUN
dem-11736	5	37	markets	market	NOUN
dem-11736	5	38	.	.	PUNCT
dem-11736	6	1	the	the	DET
dem-11736	6	2	following	follow	VERB
dem-11736	6	3	volatility	volatility	NOUN
dem-11736	6	4	estimators	estimator	NOUN
dem-11736	6	5	are	be	AUX
dem-11736	6	6	considered	consider	VERB
dem-11736	6	7	:	:	PUNCT
dem-11736	6	8	parkinson	parkinson	NOUN
dem-11736	6	9	,	,	PUNCT
dem-11736	6	10	garman	garman	NOUN
dem-11736	6	11	-	-	PUNCT
dem-11736	6	12	klass	klass	PROPN
dem-11736	6	13	,	,	PUNCT
dem-11736	6	14	rogers	rogers	NOUN
dem-11736	6	15	-	-	PUNCT
dem-11736	6	16	satchell	satchell	NOUN
dem-11736	6	17	,	,	PUNCT
dem-11736	6	18	garman	garman	NOUN
dem-11736	6	19	-	-	PUNCT
dem-11736	6	20	klass	klass	PROPN
dem-11736	6	21	-	-	PUNCT
dem-11736	6	22	yang	yang	PROPN
dem-11736	6	23	-	-	PUNCT
dem-11736	6	24	zhang	zhang	PROPN
dem-11736	6	25	and	and	CCONJ
dem-11736	6	26	yang	yang	PROPN
dem-11736	6	27	-	-	PUNCT
dem-11736	6	28	zhang	zhang	PROPN
dem-11736	6	29	and	and	CCONJ
dem-11736	6	30	the	the	DET
dem-11736	6	31	ar	ar	PROPN
dem-11736	6	32	-	-	PUNCT
dem-11736	6	33	garch(1,1)-t	garch(1,1)-t	PROPN
dem-11736	6	34	model	model	NOUN
dem-11736	6	35	.	.	PUNCT
dem-11736	7	1	additionally	additionally	ADV
dem-11736	7	2	,	,	PUNCT
dem-11736	7	3	the	the	DET
dem-11736	7	4	extreme	extreme	ADJ
dem-11736	7	5	value	value	NOUN
dem-11736	7	6	theory	theory	NOUN
dem-11736	7	7	is	be	AUX
dem-11736	7	8	also	also	ADV
dem-11736	7	9	applied	apply	VERB
dem-11736	7	10	.	.	PUNCT
dem-11736	8	1	several	several	ADJ
dem-11736	8	2	emerging	emerge	VERB
dem-11736	8	3	capital	capital	NOUN
dem-11736	8	4	markets	market	NOUN
dem-11736	8	5	are	be	AUX
dem-11736	8	6	checked	check	VERB
dem-11736	8	7	for	for	ADP
dem-11736	8	8	being	be	AUX
dem-11736	8	9	the	the	DET
dem-11736	8	10	source	source	NOUN
dem-11736	8	11	of	of	ADP
dem-11736	8	12	the	the	DET
dem-11736	8	13	risk	risk	NOUN
dem-11736	8	14	for	for	ADP
dem-11736	8	15	both	both	DET
dem-11736	8	16	emerging	emerge	VERB
dem-11736	8	17	and	and	CCONJ
dem-11736	8	18	developed	developed	ADJ
dem-11736	8	19	markets	market	NOUN
dem-11736	8	20	.	.	PUNCT
dem-11736	9	1	the	the	DET
dem-11736	9	2	group	group	NOUN
dem-11736	9	3	of	of	ADP
dem-11736	9	4	emerging	emerge	VERB
dem-11736	9	5	markets	market	NOUN
dem-11736	9	6	includes	include	VERB
dem-11736	9	7	the	the	DET
dem-11736	9	8	most	most	ADV
dem-11736	9	9	intensively	intensively	ADV
dem-11736	9	10	growing	grow	VERB
dem-11736	9	11	economies	economy	NOUN
dem-11736	9	12	in	in	ADP
dem-11736	9	13	the	the	DET
dem-11736	9	14	world	world	NOUN
dem-11736	9	15	.	.	PUNCT
dem-11736	10	1	the	the	DET
dem-11736	10	2	final	final	ADJ
dem-11736	10	3	results	result	NOUN
dem-11736	10	4	are	be	AUX
dem-11736	10	5	such	such	ADJ
dem-11736	10	6	as	as	ADP
dem-11736	10	7	the	the	DET
dem-11736	10	8	number	number	NOUN
dem-11736	10	9	of	of	ADP
dem-11736	10	10	relationships	relationship	NOUN
dem-11736	10	11	between	between	ADP
dem-11736	10	12	the	the	DET
dem-11736	10	13	markets	market	NOUN
dem-11736	10	14	is	be	AUX
dem-11736	10	15	considerably	considerably	ADV
dem-11736	10	16	lower	low	ADJ
dem-11736	10	17	when	when	SCONJ
dem-11736	10	18	the	the	DET
dem-11736	10	19	methods	method	NOUN
dem-11736	10	20	taken	take	VERB
dem-11736	10	21	from	from	ADP
dem-11736	10	22	the	the	DET
dem-11736	10	23	extreme	extreme	ADJ
dem-11736	10	24	value	value	NOUN
dem-11736	10	25	theory	theory	NOUN
dem-11736	10	26	are	be	AUX
dem-11736	10	27	used	use	VERB
dem-11736	10	28	.	.	PUNCT
dem-11736	11	1	k	k	PROPN
dem-11736	11	2	e	e	PROPN
dem-11736	11	3	y	y	PROPN
dem-11736	11	4	w	w	NOUN
dem-11736	11	5	o	o	NOUN
dem-11736	11	6	r	r	NOUN
dem-11736	11	7	d	d	NOUN
dem-11736	11	8	s	s	X
dem-11736	11	9	:	:	PUNCT
dem-11736	11	10	causality	causality	NOUN
dem-11736	11	11	in	in	ADP
dem-11736	11	12	risk	risk	NOUN
dem-11736	11	13	,	,	PUNCT
dem-11736	11	14	extreme	extreme	ADJ
dem-11736	11	15	value	value	NOUN
dem-11736	11	16	theory	theory	NOUN
dem-11736	11	17	,	,	PUNCT
dem-11736	11	18	growing	grow	VERB
dem-11736	11	19	emerging	emerge	VERB
dem-11736	11	20	economies	economy	NOUN
dem-11736	11	21	,	,	PUNCT
dem-11736	11	22	risk	risk	NOUN
dem-11736	11	23	transfer	transfer	NOUN
dem-11736	11	24	,	,	PUNCT
dem-11736	11	25	volatility	volatility	NOUN
dem-11736	11	26	j	j	PROPN
dem-11736	11	27	e	e	PROPN
dem-11736	11	28	l	l	PROPN
dem-11736	11	29	classification	classification	NOUN
dem-11736	11	30	:	:	PUNCT
dem-11736	11	31	g15	g15	PROPN
dem-11736	11	32	;	;	PUNCT
dem-11736	11	33	q47	q47	PROPN
dem-11736	11	34	.	.	PUNCT
dem-11736	12	1	introduction	introduction	NOUN
dem-11736	12	2	the	the	DET
dem-11736	12	3	purpose	purpose	NOUN
dem-11736	12	4	of	of	ADP
dem-11736	12	5	the	the	DET
dem-11736	12	6	research	research	NOUN
dem-11736	12	7	is	be	AUX
dem-11736	12	8	to	to	PART
dem-11736	12	9	compare	compare	VERB
dem-11736	12	10	the	the	DET
dem-11736	12	11	performance	performance	NOUN
dem-11736	12	12	of	of	ADP
dem-11736	12	13	different	different	ADJ
dem-11736	12	14	volatility	volatility	NOUN
dem-11736	12	15	measures	measure	NOUN
dem-11736	12	16	while	while	SCONJ
dem-11736	12	17	used	use	VERB
dem-11736	12	18	in	in	ADP
dem-11736	12	19	testing	testing	NOUN
dem-11736	12	20	for	for	ADP
dem-11736	12	21	causality	causality	NOUN
dem-11736	12	22	in	in	ADP
dem-11736	12	23	risk	risk	NOUN
dem-11736	12	24	between	between	ADP
dem-11736	12	25	several	several	ADJ
dem-11736	12	26	emerging	emerge	VERB
dem-11736	12	27	and	and	CCONJ
dem-11736	12	28	mature	mature	ADJ
dem-11736	12	29	capital	capital	NOUN
dem-11736	12	30	markets	market	NOUN
dem-11736	12	31	.	.	PUNCT
dem-11736	13	1	the	the	DET
dem-11736	13	2	problem	problem	NOUN
dem-11736	13	3	considered	consider	VERB
dem-11736	13	4	in	in	ADP
dem-11736	13	5	the	the	DET
dem-11736	13	6	report	report	NOUN
dem-11736	13	7	*	*	PUNCT
dem-11736	13	8	correspondence	correspondence	NOUN
dem-11736	13	9	to	to	PART
dem-11736	13	10	:	:	PUNCT
dem-11736	13	11	marcin	marcin	PROPN
dem-11736	13	12	fałdziński	fałdziński	PROPN
dem-11736	13	13	,	,	PUNCT
dem-11736	13	14	nicolaus	nicolaus	PROPN
dem-11736	13	15	copernicus	copernicus	PROPN
dem-11736	13	16	university	university	PROPN
dem-11736	13	17	,	,	PUNCT
dem-11736	13	18	faculty	faculty	NOUN
dem-11736	13	19	of	of	ADP
dem-11736	13	20	economic	economic	ADJ
dem-11736	13	21	sciences	science	NOUN
dem-11736	13	22	and	and	CCONJ
dem-11736	13	23	management	management	NOUN
dem-11736	13	24	,	,	PUNCT
dem-11736	13	25	13a	13a	PROPN
dem-11736	13	26	gagarina	gagarina	PROPN
dem-11736	13	27	street	street	PROPN
dem-11736	13	28	,	,	PUNCT
dem-11736	13	29	87	87	NUM
dem-11736	13	30	-	-	SYM
dem-11736	13	31	100	100	NUM
dem-11736	13	32	toruń	toruń	NOUN
dem-11736	13	33	,	,	PUNCT
dem-11736	13	34	poland	poland	PROPN
dem-11736	13	35	,	,	PUNCT
dem-11736	13	36	e	e	NOUN
dem-11736	13	37	-	-	NOUN
dem-11736	13	38	mail	mail	NOUN
dem-11736	13	39	:	:	PUNCT
dem-11736	13	40	marf@umk.pl	marf@umk.pl	PROPN
dem-11736	13	41	;	;	PUNCT
dem-11736	13	42	magdalena	magdalena	PROPN
dem-11736	13	43	osińska	osińska	PROPN
dem-11736	13	44	,	,	PUNCT
dem-11736	13	45	nicolaus	nicolaus	PROPN
dem-11736	13	46	copernicus	copernicus	PROPN
dem-11736	13	47	university	university	PROPN
dem-11736	13	48	,	,	PUNCT
dem-11736	13	49	faculty	faculty	NOUN
dem-11736	13	50	of	of	ADP
dem-11736	13	51	economic	economic	ADJ
dem-11736	13	52	sciences	science	NOUN
dem-11736	13	53	and	and	CCONJ
dem-11736	13	54	management	management	NOUN
dem-11736	13	55	,	,	PUNCT
dem-11736	13	56	13a	13a	PROPN
dem-11736	13	57	gagarina	gagarina	PROPN
dem-11736	13	58	street	street	PROPN
dem-11736	13	59	,	,	PUNCT
dem-11736	13	60	87	87	NUM
dem-11736	13	61	-	-	SYM
dem-11736	13	62	100	100	NUM
dem-11736	13	63	toruń	toruń	NOUN
dem-11736	13	64	,	,	PUNCT
dem-11736	13	65	e	e	NOUN
dem-11736	13	66	-	-	NOUN
dem-11736	13	67	mail	mail	NOUN
dem-11736	13	68	:	:	PUNCT
dem-11736	13	69	emo@umk.pl	emo@umk.pl	PROPN
dem-11736	13	70	.	.	PUNCT
dem-11736	14	1			NOUN
dem-11736	14	2	financial	financial	ADJ
dem-11736	14	3	support	support	NOUN
dem-11736	14	4	of	of	ADP
dem-11736	14	5	the	the	DET
dem-11736	14	6	national	national	PROPN
dem-11736	14	7	science	science	PROPN
dem-11736	14	8	centre	centre	PROPN
dem-11736	14	9	in	in	ADP
dem-11736	14	10	poland	poland	PROPN
dem-11736	14	11	(	(	PUNCT
dem-11736	14	12	umo2015/17	umo2015/17	PROPN
dem-11736	14	13	/	/	SYM
dem-11736	14	14	b	b	NOUN
dem-11736	14	15	/	/	SYM
dem-11736	14	16	hs4/01000	hs4/01000	NUM
dem-11736	14	17	)	)	PUNCT
dem-11736	14	18	is	be	AUX
dem-11736	14	19	gratefully	gratefully	ADV
dem-11736	14	20	acknowledged	acknowledge	VERB
dem-11736	14	21	.	.	PUNCT
dem-11736	15	1	marcin	marcin	PROPN
dem-11736	15	2	fałdziński	fałdziński	VERB
dem-11736	15	3	,	,	PUNCT
dem-11736	15	4	magdalena	magdalena	PROPN
dem-11736	15	5	osińska	osińska	PROPN
dem-11736	15	6	dynamic	dynamic	ADJ
dem-11736	15	7	econometric	econometric	ADJ
dem-11736	15	8	models	model	NOUN
dem-11736	15	9	16	16	NUM
dem-11736	15	10	(	(	PUNCT
dem-11736	15	11	2016	2016	NUM
dem-11736	15	12	)	)	PUNCT
dem-11736	15	13	21–35	21–35	NUM
dem-11736	15	14	22	22	NUM
dem-11736	15	15	is	be	AUX
dem-11736	15	16	rather	rather	ADV
dem-11736	15	17	complex	complex	ADJ
dem-11736	15	18	from	from	ADP
dem-11736	15	19	methodological	methodological	ADJ
dem-11736	15	20	perspective	perspective	NOUN
dem-11736	15	21	because	because	SCONJ
dem-11736	15	22	it	it	PRON
dem-11736	15	23	includes	include	VERB
dem-11736	15	24	:	:	PUNCT
dem-11736	15	25	a	a	DET
dem-11736	15	26	comparison	comparison	NOUN
dem-11736	15	27	of	of	ADP
dem-11736	15	28	several	several	ADJ
dem-11736	15	29	estimators	estimator	NOUN
dem-11736	15	30	of	of	ADP
dem-11736	15	31	volatility	volatility	NOUN
dem-11736	15	32	such	such	ADJ
dem-11736	15	33	as	as	ADP
dem-11736	15	34	parkinson	parkinson	NOUN
dem-11736	15	35	(	(	PUNCT
dem-11736	15	36	1980	1980	NUM
dem-11736	15	37	)	)	PUNCT
dem-11736	15	38	,	,	PUNCT
dem-11736	15	39	garman	garman	NOUN
dem-11736	15	40	and	and	CCONJ
dem-11736	15	41	klass	klass	PROPN
dem-11736	15	42	(	(	PUNCT
dem-11736	15	43	1980	1980	NUM
dem-11736	15	44	)	)	PUNCT
dem-11736	15	45	,	,	PUNCT
dem-11736	15	46	rogers	roger	NOUN
dem-11736	15	47	and	and	CCONJ
dem-11736	15	48	satchell	satchell	NOUN
dem-11736	15	49	(	(	PUNCT
dem-11736	15	50	1991	1991	NUM
dem-11736	15	51	)	)	PUNCT
dem-11736	15	52	,	,	PUNCT
dem-11736	15	53	garman	garman	PROPN
dem-11736	15	54	,	,	PUNCT
dem-11736	15	55	klass	klass	PROPN
dem-11736	15	56	,	,	PUNCT
dem-11736	15	57	yang	yang	PROPN
dem-11736	15	58	and	and	CCONJ
dem-11736	15	59	zhang	zhang	PROPN
dem-11736	15	60	(	(	PUNCT
dem-11736	15	61	1991	1991	NUM
dem-11736	15	62	)	)	PUNCT
dem-11736	15	63	and	and	CCONJ
dem-11736	15	64	yang	yang	PROPN
dem-11736	15	65	and	and	CCONJ
dem-11736	15	66	zhang	zhang	PROPN
dem-11736	15	67	(	(	PUNCT
dem-11736	15	68	2000	2000	NUM
dem-11736	15	69	)	)	PUNCT
dem-11736	15	70	while	while	SCONJ
dem-11736	15	71	value	value	NOUN
dem-11736	15	72	at	at	ADP
dem-11736	15	73	risk	risk	NOUN
dem-11736	15	74	is	be	AUX
dem-11736	15	75	calculated	calculate	VERB
dem-11736	15	76	,	,	PUNCT
dem-11736	15	77	a	a	DET
dem-11736	15	78	comparison	comparison	NOUN
dem-11736	15	79	of	of	ADP
dem-11736	15	80	the	the	DET
dem-11736	15	81	mentioned	mention	VERB
dem-11736	15	82	estimators	estimator	NOUN
dem-11736	15	83	when	when	SCONJ
dem-11736	15	84	extreme	extreme	ADJ
dem-11736	15	85	value	value	NOUN
dem-11736	15	86	theory	theory	NOUN
dem-11736	15	87	(	(	PUNCT
dem-11736	15	88	mcneil	mcneil	PROPN
dem-11736	15	89	and	and	CCONJ
dem-11736	15	90	frey	frey	PROPN
dem-11736	15	91	,	,	PUNCT
dem-11736	15	92	2000	2000	NUM
dem-11736	15	93	;	;	PUNCT
dem-11736	15	94	fałdziński	fałdziński	NOUN
dem-11736	15	95	,	,	PUNCT
dem-11736	15	96	2014	2014	NUM
dem-11736	15	97	)	)	PUNCT
dem-11736	15	98	was	be	AUX
dem-11736	15	99	added	add	VERB
dem-11736	15	100	and	and	CCONJ
dem-11736	15	101	testing	test	VERB
dem-11736	15	102	for	for	ADP
dem-11736	15	103	causality	causality	NOUN
dem-11736	15	104	in	in	ADP
dem-11736	15	105	risk	risk	NOUN
dem-11736	15	106	using	use	VERB
dem-11736	15	107	hong	hong	PROPN
dem-11736	15	108	et	et	PROPN
dem-11736	15	109	al	al	PROPN
dem-11736	15	110	.	.	PROPN
dem-11736	16	1	(	(	PUNCT
dem-11736	16	2	2009	2009	NUM
dem-11736	16	3	)	)	PUNCT
dem-11736	16	4	procedure	procedure	NOUN
dem-11736	16	5	as	as	ADV
dem-11736	16	6	well	well	ADV
dem-11736	16	7	as	as	ADP
dem-11736	16	8	candelon	candelon	NOUN
dem-11736	16	9	,	,	PUNCT
dem-11736	16	10	joëts	joëts	ADJ
dem-11736	16	11	and	and	CCONJ
dem-11736	16	12	tokpavi	tokpavi	PROPN
dem-11736	16	13	(	(	PUNCT
dem-11736	16	14	2013	2013	NUM
dem-11736	16	15	)	)	PUNCT
dem-11736	16	16	procedure	procedure	NOUN
dem-11736	16	17	.	.	PUNCT
dem-11736	17	1	the	the	DET
dem-11736	17	2	garch(1,1	garch(1,1	NOUN
dem-11736	17	3	)	)	PUNCT
dem-11736	17	4	model	model	NOUN
dem-11736	17	5	with	with	ADP
dem-11736	17	6	t	t	PROPN
dem-11736	17	7	-	-	PUNCT
dem-11736	17	8	student	student	NOUN
dem-11736	17	9	error	error	NOUN
dem-11736	17	10	distribution	distribution	NOUN
dem-11736	17	11	is	be	AUX
dem-11736	17	12	considered	consider	VERB
dem-11736	17	13	as	as	ADP
dem-11736	17	14	the	the	DET
dem-11736	17	15	benchmark	benchmark	NOUN
dem-11736	17	16	for	for	ADP
dem-11736	17	17	all	all	DET
dem-11736	17	18	the	the	DET
dem-11736	17	19	comparisons	comparison	NOUN
dem-11736	17	20	.	.	PUNCT
dem-11736	18	1	the	the	DET
dem-11736	18	2	wide	wide	ADJ
dem-11736	18	3	empirical	empirical	ADJ
dem-11736	18	4	analysis	analysis	NOUN
dem-11736	18	5	is	be	AUX
dem-11736	18	6	also	also	ADV
dem-11736	18	7	provided	provide	VERB
dem-11736	18	8	in	in	ADP
dem-11736	18	9	the	the	DET
dem-11736	18	10	paper	paper	NOUN
dem-11736	18	11	.	.	PUNCT
dem-11736	19	1	the	the	DET
dem-11736	19	2	two	two	NUM
dem-11736	19	3	groups	group	NOUN
dem-11736	19	4	of	of	ADP
dem-11736	19	5	markets	market	NOUN
dem-11736	19	6	represented	represent	VERB
dem-11736	19	7	by	by	ADP
dem-11736	19	8	main	main	ADJ
dem-11736	19	9	indices	index	NOUN
dem-11736	19	10	are	be	AUX
dem-11736	19	11	considered	consider	VERB
dem-11736	19	12	,	,	PUNCT
dem-11736	19	13	i.e.	i.e.	X
dem-11736	19	14	emerging	emerge	VERB
dem-11736	19	15	ones	one	NOUN
dem-11736	19	16	,	,	PUNCT
dem-11736	19	17	such	such	ADJ
dem-11736	19	18	as	as	ADP
dem-11736	19	19	:	:	PUNCT
dem-11736	19	20	brazil	brazil	PROPN
dem-11736	19	21	(	(	PUNCT
dem-11736	19	22	bovespa	bovespa	PROPN
dem-11736	19	23	)	)	PUNCT
dem-11736	19	24	,	,	PUNCT
dem-11736	19	25	russia	russia	PROPN
dem-11736	19	26	(	(	PUNCT
dem-11736	19	27	rts	rt	NOUN
dem-11736	19	28	,	,	PUNCT
dem-11736	19	29	micex	micex	NOUN
dem-11736	19	30	)	)	PUNCT
dem-11736	19	31	,	,	PUNCT
dem-11736	19	32	china	china	PROPN
dem-11736	19	33	(	(	PUNCT
dem-11736	19	34	sse	sse	PROPN
dem-11736	19	35	)	)	PUNCT
dem-11736	19	36	,	,	PUNCT
dem-11736	19	37	india	india	PROPN
dem-11736	19	38	(	(	PUNCT
dem-11736	19	39	bse	bse	PROPN
dem-11736	19	40	)	)	PUNCT
dem-11736	19	41	,	,	PUNCT
dem-11736	19	42	turkey	turkey	PROPN
dem-11736	19	43	(	(	PUNCT
dem-11736	19	44	xu	xu	PROPN
dem-11736	19	45	100	100	NUM
dem-11736	19	46	)	)	PUNCT
dem-11736	19	47	,	,	PUNCT
dem-11736	19	48	indonesia	indonesia	PROPN
dem-11736	19	49	(	(	PUNCT
dem-11736	19	50	jci	jci	PROPN
dem-11736	19	51	)	)	PUNCT
dem-11736	19	52	and	and	CCONJ
dem-11736	19	53	mexico	mexico	PROPN
dem-11736	19	54	(	(	PUNCT
dem-11736	19	55	ipc	ipc	PROPN
dem-11736	19	56	)	)	PUNCT
dem-11736	19	57	and	and	CCONJ
dem-11736	19	58	mature	mature	ADJ
dem-11736	19	59	ones	one	NOUN
dem-11736	19	60	,	,	PUNCT
dem-11736	19	61	such	such	ADJ
dem-11736	19	62	as	as	ADP
dem-11736	19	63	:	:	PUNCT
dem-11736	19	64	usa	usa	PROPN
dem-11736	19	65	(	(	PUNCT
dem-11736	19	66	s&p	s&p	PROPN
dem-11736	19	67	500	500	NUM
dem-11736	19	68	,	,	PUNCT
dem-11736	19	69	great	great	ADJ
dem-11736	19	70	britain	britain	PROPN
dem-11736	19	71	(	(	PUNCT
dem-11736	19	72	ftse	ftse	PROPN
dem-11736	19	73	100	100	NUM
dem-11736	19	74	)	)	PUNCT
dem-11736	19	75	,	,	PUNCT
dem-11736	19	76	germany	germany	PROPN
dem-11736	19	77	(	(	PUNCT
dem-11736	19	78	dax	dax	PROPN
dem-11736	19	79	)	)	PUNCT
dem-11736	19	80	,	,	PUNCT
dem-11736	19	81	france	france	PROPN
dem-11736	19	82	(	(	PUNCT
dem-11736	19	83	cac	cac	PROPN
dem-11736	19	84	40	40	NUM
dem-11736	19	85	)	)	PUNCT
dem-11736	19	86	,	,	PUNCT
dem-11736	19	87	japan	japan	PROPN
dem-11736	19	88	(	(	PUNCT
dem-11736	19	89	nikkei	nikkei	PROPN
dem-11736	19	90	225	225	NUM
dem-11736	19	91	)	)	PUNCT
dem-11736	19	92	,	,	PUNCT
dem-11736	19	93	switzerland	switzerland	PROPN
dem-11736	19	94	(	(	PUNCT
dem-11736	19	95	ssmi	ssmi	NOUN
dem-11736	19	96	)	)	PUNCT
dem-11736	19	97	,	,	PUNCT
dem-11736	19	98	hong	hong	PROPN
dem-11736	19	99	kong	kong	PROPN
dem-11736	19	100	(	(	PUNCT
dem-11736	19	101	hsi	hsi	PROPN
dem-11736	19	102	)	)	PUNCT
dem-11736	19	103	,	,	PUNCT
dem-11736	19	104	south	south	PROPN
dem-11736	19	105	korea	korea	PROPN
dem-11736	19	106	(	(	PUNCT
dem-11736	19	107	kospi	kospi	NOUN
dem-11736	19	108	)	)	PUNCT
dem-11736	19	109	and	and	CCONJ
dem-11736	19	110	australia	australia	PROPN
dem-11736	19	111	(	(	PUNCT
dem-11736	19	112	aor	aor	PROPN
dem-11736	19	113	)	)	PUNCT
dem-11736	19	114	.	.	PUNCT
dem-11736	20	1	the	the	DET
dem-11736	20	2	group	group	NOUN
dem-11736	20	3	of	of	ADP
dem-11736	20	4	emerging	emerge	VERB
dem-11736	20	5	markets	market	NOUN
dem-11736	20	6	includes	include	VERB
dem-11736	20	7	the	the	DET
dem-11736	20	8	most	most	ADV
dem-11736	20	9	likely	likely	ADJ
dem-11736	20	10	intense	intense	ADJ
dem-11736	20	11	growth	growth	NOUN
dem-11736	20	12	economies	economy	NOUN
dem-11736	20	13	that	that	PRON
dem-11736	20	14	determine	determine	VERB
dem-11736	20	15	the	the	DET
dem-11736	20	16	state	state	NOUN
dem-11736	20	17	of	of	ADP
dem-11736	20	18	the	the	DET
dem-11736	20	19	market	market	NOUN
dem-11736	20	20	,	,	PUNCT
dem-11736	20	21	capital	capital	NOUN
dem-11736	20	22	flows	flow	NOUN
dem-11736	20	23	and	and	CCONJ
dem-11736	20	24	global	global	ADJ
dem-11736	20	25	relationships	relationship	NOUN
dem-11736	20	26	.	.	PUNCT
dem-11736	21	1	we	we	PRON
dem-11736	21	2	try	try	VERB
dem-11736	21	3	to	to	PART
dem-11736	21	4	establish	establish	VERB
dem-11736	21	5	the	the	DET
dem-11736	21	6	source	source	NOUN
dem-11736	21	7	and	and	CCONJ
dem-11736	21	8	the	the	DET
dem-11736	21	9	effect	effect	NOUN
dem-11736	21	10	of	of	ADP
dem-11736	21	11	risk	risk	NOUN
dem-11736	21	12	in	in	ADP
dem-11736	21	13	most	most	ADV
dem-11736	21	14	important	important	ADJ
dem-11736	21	15	capital	capital	NOUN
dem-11736	21	16	markets	market	NOUN
dem-11736	21	17	in	in	ADP
dem-11736	21	18	the	the	DET
dem-11736	21	19	era	era	NOUN
dem-11736	21	20	of	of	ADP
dem-11736	21	21	globalization	globalization	NOUN
dem-11736	21	22	as	as	ADV
dem-11736	21	23	well	well	ADV
dem-11736	21	24	as	as	ADP
dem-11736	21	25	to	to	PART
dem-11736	21	26	determine	determine	VERB
dem-11736	21	27	the	the	DET
dem-11736	21	28	most	most	ADV
dem-11736	21	29	likely	likely	ADJ
dem-11736	21	30	time	time	NOUN
dem-11736	21	31	periods	period	NOUN
dem-11736	21	32	for	for	ADP
dem-11736	21	33	risk	risk	NOUN
dem-11736	21	34	transferring	transferring	NOUN
dem-11736	21	35	.	.	PUNCT
dem-11736	22	1	this	this	DET
dem-11736	22	2	paper	paper	NOUN
dem-11736	22	3	develops	develop	VERB
dem-11736	22	4	and	and	CCONJ
dem-11736	22	5	continues	continue	VERB
dem-11736	22	6	the	the	DET
dem-11736	22	7	research	research	NOUN
dem-11736	22	8	reported	report	VERB
dem-11736	22	9	in	in	ADP
dem-11736	22	10	our	our	PRON
dem-11736	22	11	previous	previous	ADJ
dem-11736	22	12	publications	publication	NOUN
dem-11736	22	13	(	(	PUNCT
dem-11736	22	14	fałdziński	fałdziński	NOUN
dem-11736	22	15	et	et	PROPN
dem-11736	22	16	al	al	PROPN
dem-11736	22	17	.	.	PROPN
dem-11736	22	18	,	,	PUNCT
dem-11736	22	19	2012	2012	NUM
dem-11736	22	20	,	,	PUNCT
dem-11736	22	21	osińska	osińska	PROPN
dem-11736	22	22	et	et	PROPN
dem-11736	22	23	al	al	PROPN
dem-11736	22	24	.	.	PROPN
dem-11736	22	25	,	,	PUNCT
dem-11736	22	26	2012	2012	NUM
dem-11736	22	27	)	)	PUNCT
dem-11736	22	28	,	,	PUNCT
dem-11736	22	29	in	in	ADP
dem-11736	22	30	which	which	PRON
dem-11736	22	31	garch	garch	NOUN
dem-11736	22	32	-	-	PUNCT
dem-11736	22	33	pot	pot	NOUN
dem-11736	22	34	methodology	methodology	NOUN
dem-11736	22	35	has	have	AUX
dem-11736	22	36	been	be	AUX
dem-11736	22	37	applied	apply	VERB
dem-11736	22	38	.	.	PUNCT
dem-11736	23	1	in	in	ADP
dem-11736	23	2	this	this	DET
dem-11736	23	3	paper	paper	NOUN
dem-11736	23	4	we	we	PRON
dem-11736	23	5	not	not	PART
dem-11736	23	6	only	only	ADV
dem-11736	23	7	compare	compare	VERB
dem-11736	23	8	different	different	ADJ
dem-11736	23	9	volatility	volatility	NOUN
dem-11736	23	10	measures	measure	NOUN
dem-11736	23	11	but	but	CCONJ
dem-11736	23	12	also	also	ADV
dem-11736	23	13	use	use	VERB
dem-11736	23	14	them	they	PRON
dem-11736	23	15	for	for	ADP
dem-11736	23	16	causality	causality	NOUN
dem-11736	23	17	in	in	ADP
dem-11736	23	18	risk	risk	NOUN
dem-11736	23	19	testing	testing	NOUN
dem-11736	23	20	and	and	CCONJ
dem-11736	23	21	find	find	VERB
dem-11736	23	22	them	they	PRON
dem-11736	23	23	useful	useful	ADJ
dem-11736	23	24	in	in	ADP
dem-11736	23	25	certain	certain	ADJ
dem-11736	23	26	cases	case	NOUN
dem-11736	23	27	.	.	PUNCT
dem-11736	24	1	these	these	DET
dem-11736	24	2	findings	finding	NOUN
dem-11736	24	3	are	be	AUX
dem-11736	24	4	of	of	ADP
dem-11736	24	5	methodological	methodological	ADJ
dem-11736	24	6	and	and	CCONJ
dem-11736	24	7	practical	practical	ADJ
dem-11736	24	8	nature	nature	NOUN
dem-11736	24	9	.	.	PUNCT
dem-11736	25	1	the	the	DET
dem-11736	25	2	paper	paper	NOUN
dem-11736	25	3	can	can	AUX
dem-11736	25	4	be	be	AUX
dem-11736	25	5	included	include	VERB
dem-11736	25	6	into	into	ADP
dem-11736	25	7	spillover	spillover	ADJ
dem-11736	25	8	analysis	analysis	NOUN
dem-11736	25	9	,	,	PUNCT
dem-11736	25	10	which	which	PRON
dem-11736	25	11	can	can	AUX
dem-11736	25	12	be	be	AUX
dem-11736	25	13	examined	examine	VERB
dem-11736	25	14	in	in	ADP
dem-11736	25	15	many	many	ADJ
dem-11736	25	16	ways	way	NOUN
dem-11736	25	17	.	.	PUNCT
dem-11736	26	1	one	one	NUM
dem-11736	26	2	of	of	ADP
dem-11736	26	3	the	the	DET
dem-11736	26	4	results	result	NOUN
dem-11736	26	5	of	of	ADP
dem-11736	26	6	spillover	spillover	ADJ
dem-11736	26	7	effect	effect	NOUN
dem-11736	26	8	can	can	AUX
dem-11736	26	9	be	be	AUX
dem-11736	26	10	contagion	contagion	NOUN
dem-11736	26	11	.	.	PUNCT
dem-11736	27	1	contagion	contagion	NOUN
dem-11736	27	2	is	be	AUX
dem-11736	27	3	defined	define	VERB
dem-11736	27	4	as	as	ADP
dem-11736	27	5	a	a	DET
dem-11736	27	6	significant	significant	ADJ
dem-11736	27	7	increase	increase	NOUN
dem-11736	27	8	in	in	ADP
dem-11736	27	9	market	market	NOUN
dem-11736	27	10	co	co	NOUN
dem-11736	27	11	-	-	NOUN
dem-11736	27	12	movement	movement	NOUN
dem-11736	27	13	after	after	ADP
dem-11736	27	14	a	a	DET
dem-11736	27	15	shock	shock	NOUN
dem-11736	27	16	to	to	ADP
dem-11736	27	17	one	one	NUM
dem-11736	27	18	country	country	NOUN
dem-11736	27	19	.	.	PUNCT
dem-11736	28	1	the	the	DET
dem-11736	28	2	paper	paper	NOUN
dem-11736	28	3	by	by	ADP
dem-11736	28	4	forbes	forbe	NOUN
dem-11736	28	5	and	and	CCONJ
dem-11736	28	6	rigobon	rigobon	PROPN
dem-11736	28	7	(	(	PUNCT
dem-11736	28	8	2002	2002	NUM
dem-11736	28	9	)	)	PUNCT
dem-11736	28	10	defines	define	NOUN
dem-11736	28	11	and	and	CCONJ
dem-11736	28	12	illustrates	illustrate	VERB
dem-11736	28	13	this	this	DET
dem-11736	28	14	problem	problem	NOUN
dem-11736	28	15	while	while	SCONJ
dem-11736	28	16	a	a	DET
dem-11736	28	17	wide	wide	ADJ
dem-11736	28	18	survey	survey	NOUN
dem-11736	28	19	of	of	ADP
dem-11736	28	20	methods	method	NOUN
dem-11736	28	21	of	of	ADP
dem-11736	28	22	its	its	PRON
dem-11736	28	23	analysis	analysis	NOUN
dem-11736	28	24	can	can	AUX
dem-11736	28	25	be	be	AUX
dem-11736	28	26	found	find	VERB
dem-11736	28	27	in	in	ADP
dem-11736	28	28	burzała	burzała	NOUN
dem-11736	28	29	(	(	PUNCT
dem-11736	28	30	2014	2014	NUM
dem-11736	28	31	)	)	PUNCT
dem-11736	28	32	.	.	PUNCT
dem-11736	29	1	in	in	ADP
dem-11736	29	2	our	our	PRON
dem-11736	29	3	publication	publication	NOUN
dem-11736	29	4	we	we	PRON
dem-11736	29	5	demonstrate	demonstrate	VERB
dem-11736	29	6	that	that	SCONJ
dem-11736	29	7	thanks	thank	NOUN
dem-11736	29	8	to	to	ADP
dem-11736	29	9	the	the	DET
dem-11736	29	10	extreme	extreme	ADJ
dem-11736	29	11	value	value	NOUN
dem-11736	29	12	theory	theory	NOUN
dem-11736	29	13	only	only	ADV
dem-11736	29	14	big	big	ADJ
dem-11736	29	15	shocks	shock	NOUN
dem-11736	29	16	on	on	ADP
dem-11736	29	17	financial	financial	ADJ
dem-11736	29	18	markets	market	NOUN
dem-11736	29	19	,	,	PUNCT
dem-11736	29	20	that	that	PRON
dem-11736	29	21	may	may	AUX
dem-11736	29	22	or	or	CCONJ
dem-11736	29	23	may	may	AUX
dem-11736	29	24	not	not	PART
dem-11736	29	25	cause	cause	VERB
dem-11736	29	26	contagion	contagion	NOUN
dem-11736	29	27	,	,	PUNCT
dem-11736	29	28	are	be	AUX
dem-11736	29	29	considered	consider	VERB
dem-11736	29	30	.	.	PUNCT
dem-11736	30	1	risk	risk	NOUN
dem-11736	30	2	transfer	transfer	NOUN
dem-11736	30	3	from	from	ADP
dem-11736	30	4	one	one	NUM
dem-11736	30	5	market	market	NOUN
dem-11736	30	6	to	to	ADP
dem-11736	30	7	another	another	PRON
dem-11736	30	8	,	,	PUNCT
dem-11736	30	9	examined	examine	VERB
dem-11736	30	10	in	in	ADP
dem-11736	30	11	this	this	DET
dem-11736	30	12	report	report	NOUN
dem-11736	30	13	,	,	PUNCT
dem-11736	30	14	can	can	AUX
dem-11736	30	15	be	be	AUX
dem-11736	30	16	considered	consider	VERB
dem-11736	30	17	as	as	ADP
dem-11736	30	18	an	an	DET
dem-11736	30	19	incentive	incentive	NOUN
dem-11736	30	20	for	for	ADP
dem-11736	30	21	contagion	contagion	NOUN
dem-11736	30	22	but	but	CCONJ
dem-11736	30	23	it	it	PRON
dem-11736	30	24	is	be	AUX
dem-11736	30	25	not	not	PART
dem-11736	30	26	a	a	DET
dem-11736	30	27	sufficient	sufficient	ADJ
dem-11736	30	28	condition	condition	NOUN
dem-11736	30	29	.	.	PUNCT
dem-11736	31	1	1	1	X
dem-11736	31	2	.	.	X
dem-11736	31	3	the	the	DET
dem-11736	31	4	methodology	methodology	NOUN
dem-11736	31	5	in	in	ADP
dem-11736	31	6	our	our	PRON
dem-11736	31	7	previous	previous	ADJ
dem-11736	31	8	research	research	NOUN
dem-11736	31	9	(	(	PUNCT
dem-11736	31	10	fałdziński	fałdziński	NOUN
dem-11736	31	11	et	et	PROPN
dem-11736	31	12	al	al	PROPN
dem-11736	31	13	.	.	PROPN
dem-11736	31	14	,	,	PUNCT
dem-11736	31	15	2012	2012	NUM
dem-11736	31	16	,	,	PUNCT
dem-11736	31	17	osińska	osińska	PROPN
dem-11736	31	18	et	et	PROPN
dem-11736	31	19	al	al	PROPN
dem-11736	31	20	.	.	PROPN
dem-11736	31	21	2012	2012	NUM
dem-11736	31	22	)	)	PUNCT
dem-11736	32	1	we	we	PRON
dem-11736	32	2	applied	apply	VERB
dem-11736	32	3	granger	granger	NOUN
dem-11736	32	4	causality	causality	NOUN
dem-11736	32	5	in	in	ADP
dem-11736	32	6	risk	risk	NOUN
dem-11736	32	7	definition	definition	NOUN
dem-11736	32	8	that	that	PRON
dem-11736	32	9	was	be	AUX
dem-11736	32	10	formulated	formulate	VERB
dem-11736	32	11	by	by	ADP
dem-11736	32	12	hong	hong	ADJ
dem-11736	32	13	volatility	volatility	NOUN
dem-11736	32	14	estimators	estimator	NOUN
dem-11736	32	15	in	in	ADP
dem-11736	32	16	econometric	econometric	ADJ
dem-11736	32	17	analysis	analysis	NOUN
dem-11736	32	18	of	of	ADP
dem-11736	32	19	risk	risk	NOUN
dem-11736	32	20	transfer	transfer	NOUN
dem-11736	32	21	on	on	ADP
dem-11736	32	22	capital	capital	NOUN
dem-11736	32	23	markets	market	NOUN
dem-11736	32	24	dynamic	dynamic	ADJ
dem-11736	32	25	econometric	econometric	ADJ
dem-11736	32	26	models	model	NOUN
dem-11736	32	27	16	16	NUM
dem-11736	32	28	(	(	PUNCT
dem-11736	32	29	2016	2016	NUM
dem-11736	32	30	)	)	PUNCT
dem-11736	32	31	21–35	21–35	NUM
dem-11736	32	32	23	23	NUM
dem-11736	32	33	(	(	PUNCT
dem-11736	32	34	2001	2001	NUM
dem-11736	32	35	)	)	PUNCT
dem-11736	32	36	and	and	CCONJ
dem-11736	32	37	testing	test	VERB
dem-11736	32	38	idea	idea	NOUN
dem-11736	32	39	that	that	PRON
dem-11736	32	40	was	be	AUX
dem-11736	32	41	derived	derive	VERB
dem-11736	32	42	by	by	ADP
dem-11736	32	43	hong	hong	PROPN
dem-11736	32	44	(	(	PUNCT
dem-11736	32	45	2001	2001	NUM
dem-11736	32	46	)	)	PUNCT
dem-11736	32	47	and	and	CCONJ
dem-11736	32	48	further	far	ADV
dem-11736	32	49	modified	modify	VERB
dem-11736	32	50	by	by	ADP
dem-11736	32	51	hong	hong	PROPN
dem-11736	32	52	et	et	PROPN
dem-11736	32	53	al	al	PROPN
dem-11736	32	54	.	.	PROPN
dem-11736	33	1	(	(	PUNCT
dem-11736	33	2	2009	2009	NUM
dem-11736	33	3	)	)	PUNCT
dem-11736	33	4	.	.	PUNCT
dem-11736	34	1	it	it	PRON
dem-11736	34	2	was	be	AUX
dem-11736	34	3	based	base	VERB
dem-11736	34	4	on	on	ADP
dem-11736	34	5	spectral	spectral	ADJ
dem-11736	34	6	representation	representation	NOUN
dem-11736	34	7	of	of	ADP
dem-11736	34	8	time	time	NOUN
dem-11736	34	9	series	series	NOUN
dem-11736	34	10	.	.	PUNCT
dem-11736	35	1	in	in	ADP
dem-11736	35	2	this	this	DET
dem-11736	35	3	paper	paper	NOUN
dem-11736	35	4	candelon	candelon	NOUN
dem-11736	35	5	et	et	PROPN
dem-11736	35	6	al	al	PROPN
dem-11736	35	7	.	.	PROPN
dem-11736	36	1	(	(	PUNCT
dem-11736	36	2	2013	2013	NUM
dem-11736	36	3	)	)	PUNCT
dem-11736	36	4	test	test	NOUN
dem-11736	36	5	is	be	AUX
dem-11736	36	6	applied	apply	VERB
dem-11736	36	7	.	.	PUNCT
dem-11736	37	1	it	it	PRON
dem-11736	37	2	differs	differ	VERB
dem-11736	37	3	from	from	ADP
dem-11736	37	4	hong	hong	PROPN
dem-11736	37	5	’s	’s	PART
dem-11736	37	6	test	test	NOUN
dem-11736	37	7	in	in	ADP
dem-11736	37	8	two	two	NUM
dem-11736	37	9	ways	way	NOUN
dem-11736	37	10	.	.	PUNCT
dem-11736	38	1	firstly	firstly	ADV
dem-11736	38	2	,	,	PUNCT
dem-11736	38	3	a	a	DET
dem-11736	38	4	multivariate	multivariate	NOUN
dem-11736	38	5	linear	linear	ADJ
dem-11736	38	6	regression	regression	NOUN
dem-11736	38	7	is	be	AUX
dem-11736	38	8	used	use	VERB
dem-11736	38	9	to	to	PART
dem-11736	38	10	calculate	calculate	VERB
dem-11736	38	11	the	the	DET
dem-11736	38	12	lr	lr	NOUN
dem-11736	38	13	-	-	PUNCT
dem-11736	38	14	type	type	NOUN
dem-11736	38	15	test	test	NOUN
dem-11736	38	16	and	and	CCONJ
dem-11736	38	17	secondly	secondly	ADV
dem-11736	38	18	,	,	PUNCT
dem-11736	38	19	the	the	DET
dem-11736	38	20	breaks	break	NOUN
dem-11736	38	21	in	in	ADP
dem-11736	38	22	value	value	NOUN
dem-11736	38	23	at	at	ADP
dem-11736	38	24	risk	risk	NOUN
dem-11736	38	25	(	(	PUNCT
dem-11736	38	26	var	var	NOUN
dem-11736	38	27	)	)	PUNCT
dem-11736	38	28	at	at	ADP
dem-11736	38	29	different	different	ADJ
dem-11736	38	30	probability	probability	NOUN
dem-11736	38	31	levels	level	NOUN
dem-11736	38	32	are	be	AUX
dem-11736	38	33	considered	consider	VERB
dem-11736	38	34	.	.	PUNCT
dem-11736	39	1	according	accord	VERB
dem-11736	39	2	to	to	ADP
dem-11736	39	3	the	the	DET
dem-11736	39	4	definition	definition	NOUN
dem-11736	39	5	of	of	ADP
dem-11736	39	6	granger	granger	PROPN
dem-11736	39	7	causality	causality	PROPN
dem-11736	39	8	in	in	ADP
dem-11736	39	9	risk	risk	NOUN
dem-11736	39	10	1	1	NUM
dem-11736	39	11	2	2	NUM
dem-11736	39	12	{	{	PUNCT
dem-11736	39	13	,	,	PUNCT
dem-11736	39	14	}	}	PUNCT
dem-11736	39	15	t	t	NOUN
dem-11736	39	16	ty	ty	INTJ
dem-11736	39	17	y	y	PROPN
dem-11736	39	18	is	be	AUX
dem-11736	39	19	a	a	DET
dem-11736	39	20	bivariate	bivariate	NOUN
dem-11736	39	21	not	not	PART
dem-11736	39	22	necessarily	necessarily	ADV
dem-11736	39	23	stationary	stationary	ADJ
dem-11736	39	24	stochastic	stochastic	ADJ
dem-11736	39	25	time	time	NOUN
dem-11736	39	26	series	series	NOUN
dem-11736	39	27	and	and	CCONJ
dem-11736	39	28			PROPN
dem-11736	39	29			PROPN
dem-11736	39	30	1lt	1lt	PUNCT
dem-11736	40	1	lt	lt	PROPN
dem-11736	40	2	l	l	PROPN
dem-11736	40	3	t	t	PROPN
dem-11736	40	4	a	a	DET
dem-11736	40	5	a	a	PRON
dem-11736	40	6	i	i	PRON
dem-11736	40	7			VERB
dem-11736	40	8			PRON
dem-11736	40	9	1,2l	1,2l	NUM
dem-11736	41	1			NOUN
dem-11736	41	2	is	be	AUX
dem-11736	41	3	the	the	DET
dem-11736	41	4	var	var	NOUN
dem-11736	41	5	at	at	ADP
dem-11736	41	6	level	level	NOUN
dem-11736	41	7	(	(	PUNCT
dem-11736	41	8	0,1)	0,1)	PROPN
dem-11736	41	9	for	for	ADP
dem-11736	41	10	lty	lty	PROPN
dem-11736	41	11	predicted	predict	VERB
dem-11736	41	12	using	use	VERB
dem-11736	41	13	the	the	DET
dem-11736	41	14	information	information	NOUN
dem-11736	41	15	set	set	VERB
dem-11736	41	16			NOUN
dem-11736	41	17			PUNCT
dem-11736	42	1			PROPN
dem-11736	43	1			PROPN
dem-11736	43	2	(	(	PUNCT
dem-11736	43	3	1	1	NUM
dem-11736	43	4	)	)	PUNCT
dem-11736	43	5	(	(	PUNCT
dem-11736	43	6	2	2	NUM
dem-11736	43	7	)	)	PUNCT
dem-11736	43	8	11	11	NUM
dem-11736	43	9	,	,	PUNCT
dem-11736	43	10	,	,	PUNCT
dem-11736	43	11	l	l	PROPN
dem-11736	43	12	t	t	PROPN
dem-11736	43	13	l	l	NOUN
dem-11736	43	14	t	t	PROPN
dem-11736	44	1	ll	ll	AUX
dem-11736	44	2	t	t	PROPN
dem-11736	45	1	i	i	PRON
dem-11736	45	2	y	y	PROPN
dem-11736	45	3	y	y	PROPN
dem-11736	45	4	y	y	PROPN
dem-11736	46	1			PROPN
dem-11736	46	2			NOUN
dem-11736	46	3	available	available	ADJ
dem-11736	46	4	at	at	ADP
dem-11736	46	5	time	time	NOUN
dem-11736	46	6	1	1	NUM
dem-11736	46	7	t	t	NOUN
dem-11736	46	8			NOUN
dem-11736	46	9	.	.	PUNCT
dem-11736	47	1	lta	lta	PROPN
dem-11736	47	2	satisfies	satisfy	VERB
dem-11736	47	3			NOUN
dem-11736	47	4			PROPN
dem-11736	48	1			PROPN
dem-11736	48	2	,	,	PUNCT
dem-11736	48	3	1	1	NUM
dem-11736	48	4	|lt	|lt	NOUN
dem-11736	48	5	lt	lt	DET
dem-11736	48	6	l	l	NOUN
dem-11736	48	7	t	t	NOUN
dem-11736	48	8	p	p	X
dem-11736	48	9	y	y	PROPN
dem-11736	48	10	a	a	DET
dem-11736	48	11	i	i	NOUN
dem-11736	48	12			NOUN
dem-11736	48	13			VERB
dem-11736	48	14			PROPN
dem-11736	48	15			NOUN
dem-11736	48	16	.	.	PUNCT
dem-11736	49	1	we	we	PRON
dem-11736	49	2	define	define	VERB
dem-11736	49	3			NOUN
dem-11736	49	4	lt	lt	PROPN
dem-11736	50	1	lt	lt	PRON
dem-11736	50	2	ltv	ltv	PROPN
dem-11736	51	1	i	i	PRON
dem-11736	51	2	y	y	PROPN
dem-11736	51	3	a	a	VERB
dem-11736	51	4			VERB
dem-11736	51	5	1,2l	1,2l	NUM
dem-11736	52	1			NUM
dem-11736	52	2	which	which	PRON
dem-11736	52	3	denotes	denote	VERB
dem-11736	52	4	the	the	DET
dem-11736	52	5	var	var	NOUN
dem-11736	52	6	break	break	PROPN
dem-11736	52	7	indicator	indicator	NOUN
dem-11736	52	8	.	.	PUNCT
dem-11736	53	1	the	the	DET
dem-11736	53	2	break	break	NOUN
dem-11736	53	3	indicator	indicator	NOUN
dem-11736	53	4	takes	take	VERB
dem-11736	53	5	on	on	ADP
dem-11736	53	6	the	the	DET
dem-11736	53	7	value	value	NOUN
dem-11736	53	8	of	of	ADP
dem-11736	53	9	1	1	NUM
dem-11736	53	10	when	when	SCONJ
dem-11736	53	11	var	var	NOUN
dem-11736	53	12	is	be	AUX
dem-11736	53	13	exceeded	exceed	VERB
dem-11736	53	14	by	by	ADP
dem-11736	53	15	loss	loss	NOUN
dem-11736	53	16	and	and	CCONJ
dem-11736	53	17	takes	take	VERB
dem-11736	53	18	on	on	ADP
dem-11736	53	19	the	the	DET
dem-11736	53	20	value	value	NOUN
dem-11736	53	21	of	of	ADP
dem-11736	53	22	0	0	NUM
dem-11736	53	23	otherwise	otherwise	ADV
dem-11736	53	24	.	.	PUNCT
dem-11736	54	1	let	let	AUX
dem-11736	54	2	assume	assume	VERB
dem-11736	54	3	that	that	SCONJ
dem-11736	54	4	1	1	X
dem-11736	54	5	{	{	PUNCT
dem-11736	54	6	,	,	PUNCT
dem-11736	54	7	...	...	PUNCT
dem-11736	54	8	,	,	PUNCT
dem-11736	54	9	}	}	PUNCT
dem-11736	54	10	ma	ma	PROPN
dem-11736	54	11			NOUN
dem-11736	54	12			NOUN
dem-11736	54	13	is	be	AUX
dem-11736	54	14	the	the	DET
dem-11736	54	15	set	set	NOUN
dem-11736	54	16	of	of	ADP
dem-11736	54	17	m	m	PROPN
dem-11736	54	18	different	different	ADJ
dem-11736	54	19	probability	probability	NOUN
dem-11736	54	20	levels	level	NOUN
dem-11736	54	21	.	.	PUNCT
dem-11736	55	1	next	next	ADV
dem-11736	55	2	,	,	PUNCT
dem-11736	55	3	we	we	PRON
dem-11736	55	4	consider	consider	VERB
dem-11736	55	5	a	a	DET
dem-11736	55	6	vector	vector	NOUN
dem-11736	55	7	,	,	PUNCT
dem-11736	55	8	,	,	PUNCT
dem-11736	55	9	1	1	NUM
dem-11736	55	10	,	,	PUNCT
dem-11736	55	11	(	(	PUNCT
dem-11736	55	12	)	)	PUNCT
dem-11736	55	13	[	[	PUNCT
dem-11736	55	14	(	(	PUNCT
dem-11736	55	15	)	)	PUNCT
dem-11736	55	16	,	,	PUNCT
dem-11736	55	17	...	...	PUNCT
dem-11736	55	18	,	,	PUNCT
dem-11736	55	19	(	(	PUNCT
dem-11736	55	20	)	)	PUNCT
dem-11736	55	21	]	]	PUNCT
dem-11736	56	1	1,2i	1,2i	NUM
dem-11736	56	2	t	t	NOUN
dem-11736	56	3	i	i	PRON
dem-11736	56	4	t	t	X
dem-11736	57	1	i	i	PRON
dem-11736	57	2	t	t	PROPN
dem-11736	57	3	mz	mz	PROPN
dem-11736	57	4	a	a	DET
dem-11736	57	5	v	v	X
dem-11736	57	6	v	v	X
dem-11736	58	1	i	i	CCONJ
dem-11736	58	2			NOUN
dem-11736	58	3			NOUN
dem-11736	58	4	comprising	comprising	NOUN
dem-11736	58	5	of	of	ADP
dem-11736	58	6	m	m	VERB
dem-11736	58	7	different	different	ADJ
dem-11736	58	8	variables	variable	NOUN
dem-11736	58	9	at	at	ADP
dem-11736	58	10	time	time	NOUN
dem-11736	58	11	t	t	PROPN
dem-11736	58	12	respective	respective	NOUN
dem-11736	58	13	to	to	ADP
dem-11736	58	14	the	the	DET
dem-11736	58	15	assumed	assumed	ADJ
dem-11736	58	16	set	set	NOUN
dem-11736	58	17	of	of	ADP
dem-11736	58	18	probability	probability	NOUN
dem-11736	58	19	levels	level	NOUN
dem-11736	58	20	.	.	PUNCT
dem-11736	59	1	in	in	ADP
dem-11736	59	2	the	the	DET
dem-11736	59	3	case	case	NOUN
dem-11736	59	4	of	of	ADP
dem-11736	59	5	the	the	DET
dem-11736	59	6	granger	granger	PROPN
dem-11736	59	7	non	non	NOUN
dem-11736	59	8	-	-	NOUN
dem-11736	59	9	causality	causality	NOUN
dem-11736	59	10	the	the	DET
dem-11736	59	11	null	null	ADJ
dem-11736	59	12	hypothesis	hypothesis	NOUN
dem-11736	59	13	is	be	AUX
dem-11736	59	14	:	:	PUNCT
dem-11736	59	15	0	0	NUM
dem-11736	59	16	1	1	NUM
dem-11736	59	17	,	,	PUNCT
dem-11736	59	18	1	1	NUM
dem-11736	59	19	1	1	NUM
dem-11736	59	20	,	,	PUNCT
dem-11736	59	21	1	1	NUM
dem-11736	59	22	,	,	PUNCT
dem-11736	59	23	1	1	NUM
dem-11736	59	24	:	:	PUNCT
dem-11736	59	25	(	(	PUNCT
dem-11736	59	26	)	)	PUNCT
dem-11736	59	27	|	|	ADV
dem-11736	59	28	(	(	PUNCT
dem-11736	59	29	)	)	PUNCT
dem-11736	59	30	|t	|t	PROPN
dem-11736	60	1	t	t	PROPN
dem-11736	60	2	t	t	X
dem-11736	60	3	th	th	X
dem-11736	60	4	e	e	X
dem-11736	60	5	z	z	NOUN
dem-11736	60	6	a	a	X
dem-11736	61	1	i	i	NOUN
dem-11736	61	2	e	e	PROPN
dem-11736	61	3	z	z	NOUN
dem-11736	61	4	a	a	DET
dem-11736	61	5	i	i	ADJ
dem-11736	61	6			NOUN
dem-11736	61	7			PROPN
dem-11736	61	8			X
dem-11736	61	9			PROPN
dem-11736	61	10			ADJ
dem-11736	61	11			PROPN
dem-11736	61	12			VERB
dem-11736	61	13			PROPN
dem-11736	61	14	,	,	PUNCT
dem-11736	61	15	(	(	PUNCT
dem-11736	61	16	1	1	X
dem-11736	61	17	)	)	PUNCT
dem-11736	61	18	where	where	SCONJ
dem-11736	61	19	1	1	NUM
dem-11736	61	20	,	,	PUNCT
dem-11736	61	21	1	1	NUM
dem-11736	61	22	,	,	PUNCT
dem-11736	61	23	{	{	PUNCT
dem-11736	61	24	(	(	PUNCT
dem-11736	61	25	)	)	PUNCT
dem-11736	61	26	,	,	PUNCT
dem-11736	61	27	}	}	PUNCT
dem-11736	61	28	t	t	X
dem-11736	62	1	si	si	PROPN
dem-11736	62	2	z	z	PROPN
dem-11736	62	3	a	a	PRON
dem-11736	62	4	s	s	X
dem-11736	62	5	t	t	PROPN
dem-11736	62	6			NOUN
dem-11736	62	7	and	and	CCONJ
dem-11736	62	8	1	1	NUM
dem-11736	62	9	,	,	PUNCT
dem-11736	62	10	2	2	NUM
dem-11736	62	11	,	,	PUNCT
dem-11736	62	12	{	{	PUNCT
dem-11736	62	13	(	(	PUNCT
dem-11736	62	14	)	)	PUNCT
dem-11736	62	15	,	,	PUNCT
dem-11736	62	16	(	(	PUNCT
dem-11736	62	17	)	)	PUNCT
dem-11736	62	18	,	,	PUNCT
dem-11736	62	19	}	}	PUNCT
dem-11736	62	20	t	t	PROPN
dem-11736	62	21	s	s	PART
dem-11736	62	22	si	si	PROPN
dem-11736	62	23	z	z	PROPN
dem-11736	62	24	a	a	PROPN
dem-11736	62	25	z	z	NOUN
dem-11736	62	26	a	a	DET
dem-11736	62	27	s	s	X
dem-11736	62	28	t	t	PROPN
dem-11736	62	29			NOUN
dem-11736	62	30	with	with	ADP
dem-11736	62	31	the	the	DET
dem-11736	62	32	alternative	alternative	ADJ
dem-11736	62	33	1	1	NUM
dem-11736	62	34	1	1	NUM
dem-11736	62	35	,	,	PUNCT
dem-11736	62	36	1	1	NUM
dem-11736	62	37	1	1	NUM
dem-11736	62	38	,	,	PUNCT
dem-11736	62	39	1	1	NUM
dem-11736	62	40	,	,	PUNCT
dem-11736	62	41	1	1	NUM
dem-11736	62	42	:	:	PUNCT
dem-11736	62	43	(	(	PUNCT
dem-11736	62	44	)	)	PUNCT
dem-11736	62	45	|	|	ADV
dem-11736	62	46	(	(	PUNCT
dem-11736	62	47	)	)	PUNCT
dem-11736	62	48	|t	|t	PROPN
dem-11736	63	1	t	t	PROPN
dem-11736	63	2	t	t	X
dem-11736	63	3	th	th	X
dem-11736	63	4	e	e	X
dem-11736	63	5	z	z	NOUN
dem-11736	63	6	a	a	X
dem-11736	64	1	i	i	NOUN
dem-11736	64	2	e	e	PROPN
dem-11736	64	3	z	z	NOUN
dem-11736	64	4	a	a	DET
dem-11736	64	5	i	i	ADJ
dem-11736	64	6			NOUN
dem-11736	64	7			PROPN
dem-11736	64	8			NOUN
dem-11736	64	9			PROPN
dem-11736	64	10			X
dem-11736	64	11			PROPN
dem-11736	64	12			VERB
dem-11736	64	13			PROPN
dem-11736	64	14	.	.	PUNCT
dem-11736	65	1	(	(	PUNCT
dem-11736	65	2	2	2	X
dem-11736	65	3	)	)	PUNCT
dem-11736	65	4	the	the	DET
dem-11736	65	5	null	null	ADJ
dem-11736	65	6	hypothesis	hypothesis	NOUN
dem-11736	65	7	says	say	VERB
dem-11736	65	8	that	that	SCONJ
dem-11736	65	9	the	the	DET
dem-11736	65	10	process	process	NOUN
dem-11736	65	11			PROPN
dem-11736	65	12	2ty	2ty	PROPN
dem-11736	65	13	does	do	AUX
dem-11736	65	14	not	not	PART
dem-11736	65	15	granger	granger	NOUN
dem-11736	65	16	-	-	PUNCT
dem-11736	65	17	cause	cause	VERB
dem-11736	65	18	the	the	DET
dem-11736	65	19	process	process	NOUN
dem-11736	65	20			NOUN
dem-11736	65	21	1ty	1ty	NOUN
dem-11736	65	22	in	in	ADP
dem-11736	65	23	risk	risk	NOUN
dem-11736	65	24	at	at	ADP
dem-11736	65	25	the	the	DET
dem-11736	65	26	set	set	NOUN
dem-11736	65	27	of	of	ADP
dem-11736	65	28	different	different	ADJ
dem-11736	65	29	levels	level	NOUN
dem-11736	65	30			NOUN
dem-11736	65	31	with	with	ADP
dem-11736	65	32	respect	respect	NOUN
dem-11736	65	33	to	to	ADP
dem-11736	65	34	1ti	1ti	ADJ
dem-11736	65	35			NOUN
dem-11736	65	36	.	.	PUNCT
dem-11736	66	1	candelon	candelon	NOUN
dem-11736	66	2	et	et	PROPN
dem-11736	66	3	al	al	PROPN
dem-11736	66	4	.	.	PROPN
dem-11736	67	1	(	(	PUNCT
dem-11736	67	2	2013	2013	NUM
dem-11736	67	3	)	)	PUNCT
dem-11736	67	4	have	have	AUX
dem-11736	67	5	shown	show	VERB
dem-11736	67	6	that	that	SCONJ
dem-11736	67	7	the	the	DET
dem-11736	67	8	test	test	NOUN
dem-11736	67	9	statistic	statistic	NOUN
dem-11736	67	10	can	can	AUX
dem-11736	67	11	be	be	AUX
dem-11736	67	12	formulated	formulate	VERB
dem-11736	67	13	using	use	VERB
dem-11736	67	14	multivariate	multivariate	NOUN
dem-11736	67	15	linear	linear	ADJ
dem-11736	67	16	regression	regression	NOUN
dem-11736	67	17	of	of	ADP
dem-11736	67	18	the	the	DET
dem-11736	67	19	form	form	NOUN
dem-11736	67	20	1	1	NUM
dem-11736	67	21	,	,	PUNCT
dem-11736	67	22	0	0	NUM
dem-11736	67	23	1	1	NUM
dem-11736	67	24	2	2	NUM
dem-11736	67	25	,	,	PUNCT
dem-11736	67	26	1	1	NUM
dem-11736	67	27	2	2	NUM
dem-11736	67	28	,	,	PUNCT
dem-11736	67	29	1	1	NUM
dem-11736	67	30	(	(	PUNCT
dem-11736	67	31	)	)	PUNCT
dem-11736	67	32	(	(	PUNCT
dem-11736	67	33	)	)	PUNCT
dem-11736	67	34	...	...	PUNCT
dem-11736	68	1	(	(	PUNCT
dem-11736	68	2	)	)	PUNCT
dem-11736	68	3	t	t	NOUN
dem-11736	68	4	t	t	PROPN
dem-11736	68	5	l	l	NOUN
dem-11736	68	6	t	t	PROPN
dem-11736	69	1	l	l	NOUN
dem-11736	70	1	tz	tz	NOUN
dem-11736	71	1	a	a	DET
dem-11736	71	2	z	z	NOUN
dem-11736	71	3	a	a	DET
dem-11736	71	4	z	z	NOUN
dem-11736	71	5	a	a	ADP
dem-11736	71	6			NOUN
dem-11736	72	1			DET
dem-11736	72	2			PROPN
dem-11736	72	3			ADJ
dem-11736	72	4			NUM
dem-11736	72	5			PROPN
dem-11736	72	6			PUNCT
dem-11736	72	7			X
dem-11736	72	8	(	(	PUNCT
dem-11736	72	9	3	3	X
dem-11736	72	10	)	)	PUNCT
dem-11736	72	11	where	where	SCONJ
dem-11736	72	12	0	0	NUM
dem-11736	72	13	is	be	AUX
dem-11736	72	14	the	the	DET
dem-11736	72	15	(	(	PUNCT
dem-11736	72	16	m,1	m,1	ADJ
dem-11736	72	17	)	)	PUNCT
dem-11736	72	18	dimensions	dimension	NOUN
dem-11736	72	19	vector	vector	NOUN
dem-11736	72	20	of	of	ADP
dem-11736	72	21	constants	constant	NOUN
dem-11736	72	22	,	,	PUNCT
dem-11736	72	23	,	,	PUNCT
dem-11736	72	24	1,	1,	NUM
dem-11736	72	25	...	...	PUNCT
dem-11736	72	26	,s	,s	PUNCT
dem-11736	72	27	s	s	VERB
dem-11736	72	28	l	l	X
dem-11736	72	29			NOUN
dem-11736	72	30	are	be	AUX
dem-11736	72	31	the	the	DET
dem-11736	72	32	(	(	PUNCT
dem-11736	72	33	,	,	PUNCT
dem-11736	72	34	)	)	PUNCT
dem-11736	72	35	m	m	VERB
dem-11736	72	36	m	m	VERB
dem-11736	72	37	dimensions	dimension	NOUN
dem-11736	72	38	matrices	matrix	NOUN
dem-11736	72	39	of	of	ADP
dem-11736	72	40	parameters	parameter	NOUN
dem-11736	72	41	and	and	CCONJ
dem-11736	72	42	1t	1t	NUM
dem-11736	72	43	is	be	AUX
dem-11736	72	44	(	(	PUNCT
dem-11736	72	45	,	,	PUNCT
dem-11736	72	46	1)m	1)m	NUM
dem-11736	72	47	dimensions	dimension	NOUN
dem-11736	72	48	residual	residual	ADJ
dem-11736	72	49	process	process	NOUN
dem-11736	72	50	.	.	PUNCT
dem-11736	73	1	marcin	marcin	PROPN
dem-11736	73	2	fałdziński	fałdziński	VERB
dem-11736	73	3	,	,	PUNCT
dem-11736	73	4	magdalena	magdalena	PROPN
dem-11736	73	5	osińska	osińska	PROPN
dem-11736	73	6	dynamic	dynamic	ADJ
dem-11736	73	7	econometric	econometric	ADJ
dem-11736	73	8	models	model	NOUN
dem-11736	73	9	16	16	NUM
dem-11736	73	10	(	(	PUNCT
dem-11736	73	11	2016	2016	NUM
dem-11736	73	12	)	)	PUNCT
dem-11736	73	13	21–35	21–35	NUM
dem-11736	73	14	24	24	NUM
dem-11736	73	15	the	the	DET
dem-11736	73	16	null	null	ADJ
dem-11736	73	17	hypothesis	hypothesis	NOUN
dem-11736	73	18	corresponds	correspond	VERB
dem-11736	73	19	to	to	ADP
dem-11736	73	20	the	the	DET
dem-11736	73	21	situation	situation	NOUN
dem-11736	73	22	when	when	SCONJ
dem-11736	73	23	0	0	NUM
dem-11736	73	24	1	1	NUM
dem-11736	73	25	:	:	PUNCT
dem-11736	73	26	...	...	PUNCT
dem-11736	74	1	0lh	0lh	ADJ
dem-11736	74	2			NOUN
dem-11736	74	3			NOUN
dem-11736	75	1			NUM
dem-11736	75	2			NOUN
dem-11736	75	3	which	which	PRON
dem-11736	75	4	is	be	AUX
dem-11736	75	5	fulfilled	fulfil	VERB
dem-11736	75	6	for	for	ADP
dem-11736	75	7	1	1	NUM
dem-11736	75	8	,	,	PUNCT
dem-11736	75	9	0	0	NUM
dem-11736	75	10	2	2	NUM
dem-11736	75	11	(	(	PUNCT
dem-11736	75	12	)	)	PUNCT
dem-11736	75	13	t	t	PROPN
dem-11736	75	14	tz	tz	PROPN
dem-11736	76	1	a	a	DET
dem-11736	76	2			NOUN
dem-11736	76	3			PROPN
dem-11736	76	4			VERB
dem-11736	76	5	.	.	PUNCT
dem-11736	77	1	the	the	DET
dem-11736	77	2	multivariate	multivariate	NOUN
dem-11736	77	3	test	test	NOUN
dem-11736	77	4	statistic	statistic	NOUN
dem-11736	77	5	is	be	AUX
dem-11736	77	6	defined	define	VERB
dem-11736	77	7	as	as	SCONJ
dem-11736	77	8	follows	follow	VERB
dem-11736	77	9	:	:	PUNCT
dem-11736	77	10			ADJ
dem-11736	77	11			NOUN
dem-11736	77	12			NOUN
dem-11736	78	1			PUNCT
dem-11736	78	2			NOUN
dem-11736	78	3			VERB
dem-11736	78	4	'	'	PART
dem-11736	78	5	'	'	NUM
dem-11736	78	6	2	2	NUM
dem-11736	78	7	2	2	NUM
dem-11736	78	8	1	1	NUM
dem-11736	78	9	1	1	NUM
dem-11736	78	10	(	(	PUNCT
dem-11736	78	11	1	1	NUM
dem-11736	78	12	)	)	PUNCT
dem-11736	78	13	log	log	NOUN
dem-11736	78	14	loglr	loglr	PROPN
dem-11736	78	15	t	t	PROPN
dem-11736	78	16	ml	ml	NOUN
dem-11736	78	17			PROPN
dem-11736	78	18			PROPN
dem-11736	78	19			PROPN
dem-11736	79	1			PROPN
dem-11736	79	2			VERB
dem-11736	79	3			PROPN
dem-11736	80	1			PROPN
dem-11736	80	2			PROPN
dem-11736	80	3			VERB
dem-11736	80	4			PROPN
dem-11736	80	5			VERB
dem-11736	80	6			PROPN
dem-11736	80	7			NOUN
dem-11736	80	8			PROPN
dem-11736	80	9	(	(	PUNCT
dem-11736	80	10	4	4	NUM
dem-11736	80	11	)	)	PUNCT
dem-11736	80	12	where	where	SCONJ
dem-11736	80	13	t	t	PROPN
dem-11736	80	14	is	be	AUX
dem-11736	80	15	the	the	DET
dem-11736	80	16	number	number	NOUN
dem-11736	80	17	of	of	ADP
dem-11736	80	18	observations	observation	NOUN
dem-11736	80	19	of	of	ADP
dem-11736	80	20	time	time	NOUN
dem-11736	80	21	series	series	PROPN
dem-11736	80	22	m	m	PROPN
dem-11736	80	23	is	be	AUX
dem-11736	80	24	the	the	DET
dem-11736	80	25	number	number	NOUN
dem-11736	80	26	of	of	ADP
dem-11736	80	27	different	different	ADJ
dem-11736	80	28	probability	probability	NOUN
dem-11736	80	29	levels	level	NOUN
dem-11736	80	30	assumed	assume	VERB
dem-11736	80	31	,	,	PUNCT
dem-11736	80	32	l	l	NOUN
dem-11736	80	33	is	be	AUX
dem-11736	80	34	the	the	DET
dem-11736	80	35	number	number	NOUN
dem-11736	80	36	of	of	ADP
dem-11736	80	37	lags	lag	NOUN
dem-11736	80	38	in	in	ADP
dem-11736	80	39	the	the	DET
dem-11736	80	40	regression	regression	NOUN
dem-11736	80	41	.	.	PUNCT
dem-11736	81	1	it	it	PRON
dem-11736	81	2	informs	inform	VERB
dem-11736	81	3	about	about	ADP
dem-11736	81	4	the	the	DET
dem-11736	81	5	time	time	NOUN
dem-11736	81	6	delay	delay	NOUN
dem-11736	81	7	since	since	SCONJ
dem-11736	81	8	the	the	DET
dem-11736	81	9	beginning	beginning	NOUN
dem-11736	81	10	till	till	SCONJ
dem-11736	81	11	the	the	DET
dem-11736	81	12	end	end	NOUN
dem-11736	81	13	of	of	ADP
dem-11736	81	14	the	the	DET
dem-11736	81	15	risk	risk	NOUN
dem-11736	81	16	transfer	transfer	NOUN
dem-11736	81	17	.	.	PUNCT
dem-11736	82	1	the	the	DET
dem-11736	82	2	test	test	NOUN
dem-11736	82	3	statistic	statistic	NOUN
dem-11736	82	4	follows	follow	VERB
dem-11736	82	5	2	2	NUM
dem-11736	82	6	distribution	distribution	NOUN
dem-11736	82	7	with	with	ADP
dem-11736	82	8	2lm	2lm	ADJ
dem-11736	82	9	degrees	degree	NOUN
dem-11736	82	10	of	of	ADP
dem-11736	82	11	freedom	freedom	NOUN
dem-11736	82	12	.	.	PUNCT
dem-11736	83	1	due	due	ADP
dem-11736	83	2	to	to	ADP
dem-11736	83	3	the	the	DET
dem-11736	83	4	parameter	parameter	NOUN
dem-11736	83	5	uncertainty	uncertainty	NOUN
dem-11736	83	6	dufour	dufour	PROPN
dem-11736	83	7	(	(	PUNCT
dem-11736	83	8	2006	2006	NUM
dem-11736	83	9	)	)	PUNCT
dem-11736	83	10	proposes	propose	VERB
dem-11736	83	11	a	a	DET
dem-11736	83	12	monte	monte	PROPN
dem-11736	83	13	carlo	carlo	NOUN
dem-11736	83	14	method	method	NOUN
dem-11736	83	15	to	to	PART
dem-11736	83	16	obtain	obtain	VERB
dem-11736	83	17	p	p	NOUN
dem-11736	83	18	-	-	PUNCT
dem-11736	83	19	values	value	NOUN
dem-11736	83	20	.	.	PUNCT
dem-11736	84	1	in	in	ADP
dem-11736	84	2	order	order	NOUN
dem-11736	84	3	to	to	PART
dem-11736	84	4	check	check	VERB
dem-11736	84	5	the	the	DET
dem-11736	84	6	hypothesis	hypothesis	NOUN
dem-11736	84	7	of	of	ADP
dem-11736	84	8	spillovers	spillover	NOUN
dem-11736	84	9	in	in	ADP
dem-11736	84	10	financial	financial	ADJ
dem-11736	84	11	markets	market	NOUN
dem-11736	84	12	different	different	ADJ
dem-11736	84	13	volatility	volatility	NOUN
dem-11736	84	14	measures	measure	NOUN
dem-11736	84	15	have	have	AUX
dem-11736	84	16	been	be	AUX
dem-11736	84	17	used	use	VERB
dem-11736	84	18	.	.	PUNCT
dem-11736	85	1	these	these	DET
dem-11736	85	2	measures	measure	NOUN
dem-11736	85	3	determine	determine	VERB
dem-11736	85	4	the	the	DET
dem-11736	85	5	empirical	empirical	ADJ
dem-11736	85	6	results	result	NOUN
dem-11736	85	7	and	and	CCONJ
dem-11736	85	8	therefore	therefore	ADV
dem-11736	85	9	are	be	AUX
dem-11736	85	10	worth	worth	ADJ
dem-11736	85	11	comparing	compare	VERB
dem-11736	85	12	.	.	PUNCT
dem-11736	86	1	they	they	PRON
dem-11736	86	2	do	do	AUX
dem-11736	86	3	not	not	PART
dem-11736	86	4	affect	affect	VERB
dem-11736	86	5	the	the	DET
dem-11736	86	6	characteristics	characteristic	NOUN
dem-11736	86	7	of	of	ADP
dem-11736	86	8	the	the	DET
dem-11736	86	9	candelon	candelon	NOUN
dem-11736	86	10	et	et	PROPN
dem-11736	86	11	al	al	PROPN
dem-11736	86	12	.	.	PROPN
dem-11736	86	13	test	test	NOUN
dem-11736	86	14	because	because	SCONJ
dem-11736	86	15	it	it	PRON
dem-11736	86	16	operates	operate	VERB
dem-11736	86	17	on	on	ADP
dem-11736	86	18	breaks	break	NOUN
dem-11736	86	19	of	of	ADP
dem-11736	86	20	var	var	NOUN
dem-11736	86	21	which	which	PRON
dem-11736	86	22	can	can	AUX
dem-11736	86	23	be	be	AUX
dem-11736	86	24	defined	define	VERB
dem-11736	86	25	at	at	ADP
dem-11736	86	26	different	different	ADJ
dem-11736	86	27	levels	level	NOUN
dem-11736	86	28	.	.	PUNCT
dem-11736	87	1	to	to	PART
dem-11736	87	2	estimate	estimate	VERB
dem-11736	87	3	value	value	NOUN
dem-11736	87	4	at	at	ADP
dem-11736	87	5	risk	risk	NOUN
dem-11736	87	6	the	the	DET
dem-11736	87	7	following	follow	VERB
dem-11736	87	8	methods	method	NOUN
dem-11736	87	9	have	have	AUX
dem-11736	87	10	been	be	AUX
dem-11736	87	11	applied	apply	VERB
dem-11736	87	12	:	:	PUNCT
dem-11736	87	13	1	1	X
dem-11736	87	14	.	.	PUNCT
dem-11736	87	15	volatility	volatility	NOUN
dem-11736	87	16	estimators	estimator	NOUN
dem-11736	87	17	such	such	ADJ
dem-11736	87	18	as	as	ADP
dem-11736	87	19	:	:	PUNCT
dem-11736	87	20	a	a	X
dem-11736	87	21	)	)	PUNCT
dem-11736	87	22	parkinson	parkinson	NOUN
dem-11736	87	23	(	(	PUNCT
dem-11736	87	24	1980	1980	NUM
dem-11736	87	25	)	)	PUNCT
dem-11736	87	26	(	(	PUNCT
dem-11736	87	27	p	p	X
dem-11736	87	28	)	)	PUNCT
dem-11736	87	29	2	2	NUM
dem-11736	87	30	1	1	NUM
dem-11736	87	31	1	1	NUM
dem-11736	87	32	ln	ln	PROPN
dem-11736	87	33	4ln(2	4ln(2	NOUN
dem-11736	87	34	)	)	PUNCT
dem-11736	88	1	n	n	CCONJ
dem-11736	89	1	i	i	PRON
dem-11736	89	2	p	p	VERB
dem-11736	90	1	i	i	PRON
dem-11736	91	1	i	i	PRON
dem-11736	91	2	h	h	VERB
dem-11736	91	3	l	l	NOUN
dem-11736	91	4			PROPN
dem-11736	91	5			NUM
dem-11736	91	6			NOUN
dem-11736	92	1			PROPN
dem-11736	92	2			PROPN
dem-11736	92	3			PROPN
dem-11736	92	4			PROPN
dem-11736	93	1			NOUN
dem-11736	93	2			X
dem-11736	94	1			PROPN
dem-11736	95	1			ADJ
dem-11736	95	2			NOUN
dem-11736	95	3			NOUN
dem-11736	95	4			X
dem-11736	95	5	,	,	PUNCT
dem-11736	95	6	b	b	X
dem-11736	95	7	)	)	PUNCT
dem-11736	95	8	garman	garman	NOUN
dem-11736	95	9	and	and	CCONJ
dem-11736	95	10	klass	klass	PROPN
dem-11736	95	11	(	(	PUNCT
dem-11736	95	12	1980	1980	NUM
dem-11736	95	13	)	)	PUNCT
dem-11736	95	14	(	(	PUNCT
dem-11736	95	15	gk	gk	NOUN
dem-11736	95	16	)	)	PUNCT
dem-11736	95	17	2	2	NUM
dem-11736	95	18	2	2	NUM
dem-11736	95	19	1	1	NUM
dem-11736	95	20	1	1	NUM
dem-11736	95	21	ln	ln	ADJ
dem-11736	95	22	(	(	PUNCT
dem-11736	95	23	2ln(2	2ln(2	NUM
dem-11736	95	24	)	)	PUNCT
dem-11736	95	25	1	1	NUM
dem-11736	95	26	)	)	PUNCT
dem-11736	95	27	ln	ln	NOUN
dem-11736	95	28	2	2	NUM
dem-11736	96	1	n	n	NOUN
dem-11736	97	1	i	i	PRON
dem-11736	98	1	i	i	INTJ
dem-11736	98	2	gk	gk	VERB
dem-11736	99	1	i	i	PRON
dem-11736	99	2	i	i	PRON
dem-11736	100	1	i	i	PRON
dem-11736	100	2	h	h	VERB
dem-11736	101	1	c	c	NOUN
dem-11736	101	2	l	l	NOUN
dem-11736	102	1	o	o	X
dem-11736	102	2			PROPN
dem-11736	102	3			NUM
dem-11736	102	4			NOUN
dem-11736	102	5			NOUN
dem-11736	102	6			NOUN
dem-11736	102	7			PROPN
dem-11736	102	8			PROPN
dem-11736	102	9			NOUN
dem-11736	102	10			PROPN
dem-11736	102	11			PROPN
dem-11736	102	12			PROPN
dem-11736	102	13			PROPN
dem-11736	102	14			PROPN
dem-11736	103	1			PROPN
dem-11736	103	2			NOUN
dem-11736	104	1			PROPN
dem-11736	104	2			PROPN
dem-11736	104	3			NOUN
dem-11736	105	1			PROPN
dem-11736	106	1			PROPN
dem-11736	106	2			PROPN
dem-11736	107	1			PROPN
dem-11736	107	2			PROPN
dem-11736	107	3			PROPN
dem-11736	107	4			NOUN
dem-11736	107	5			NOUN
dem-11736	107	6			PROPN
dem-11736	107	7			NOUN
dem-11736	107	8			X
dem-11736	107	9	,	,	PUNCT
dem-11736	107	10	c	c	X
dem-11736	107	11	)	)	PUNCT
dem-11736	107	12	rogers	roger	NOUN
dem-11736	107	13	and	and	CCONJ
dem-11736	107	14	satchell	satchell	NOUN
dem-11736	107	15	(	(	PUNCT
dem-11736	107	16	1991	1991	NUM
dem-11736	107	17	)	)	PUNCT
dem-11736	107	18	(	(	PUNCT
dem-11736	107	19	rs	rs	NOUN
dem-11736	107	20	)	)	PUNCT
dem-11736	107	21	1	1	NUM
dem-11736	108	1	ln	ln	NOUN
dem-11736	108	2	ln	ln	PROPN
dem-11736	108	3	ln	ln	ADV
dem-11736	109	1	ln	ln	ADP
dem-11736	110	1	n	n	ADV
dem-11736	111	1	i	i	PRON
dem-11736	112	1	i	i	PRON
dem-11736	113	1	i	i	PRON
dem-11736	114	1	i	i	PRON
dem-11736	114	2	rs	rs	VERB
dem-11736	115	1	i	i	PRON
dem-11736	115	2	i	i	PRON
dem-11736	116	1	i	i	PRON
dem-11736	116	2	i	i	PRON
dem-11736	117	1	i	i	PRON
dem-11736	117	2	h	h	VERB
dem-11736	118	1	h	h	NOUN
dem-11736	119	1	l	l	X
dem-11736	119	2	l	l	PUNCT
dem-11736	120	1	c	c	NOUN
dem-11736	121	1	o	o	NOUN
dem-11736	121	2	c	c	NOUN
dem-11736	121	3	o	o	NOUN
dem-11736	121	4			PROPN
dem-11736	121	5			NUM
dem-11736	121	6			NOUN
dem-11736	121	7			PROPN
dem-11736	121	8			NOUN
dem-11736	121	9			PROPN
dem-11736	121	10			NOUN
dem-11736	121	11			PROPN
dem-11736	121	12			NOUN
dem-11736	121	13			NOUN
dem-11736	121	14			PROPN
dem-11736	122	1			PROPN
dem-11736	122	2			PROPN
dem-11736	123	1			PROPN
dem-11736	124	1			PROPN
dem-11736	125	1			PROPN
dem-11736	126	1			INTJ
dem-11736	127	1			PROPN
dem-11736	127	2			PROPN
dem-11736	128	1			ADJ
dem-11736	128	2			PROPN
dem-11736	128	3			PROPN
dem-11736	128	4			NOUN
dem-11736	128	5			PROPN
dem-11736	128	6			NOUN
dem-11736	128	7			PROPN
dem-11736	128	8			NOUN
dem-11736	128	9			X
dem-11736	128	10	,	,	PUNCT
dem-11736	128	11	d	d	X
dem-11736	128	12	)	)	PUNCT
dem-11736	128	13	garman	garman	PROPN
dem-11736	128	14	,	,	PUNCT
dem-11736	128	15	klass	klass	PROPN
dem-11736	128	16	,	,	PUNCT
dem-11736	128	17	yang	yang	PROPN
dem-11736	128	18	and	and	CCONJ
dem-11736	128	19	zhang	zhang	PROPN
dem-11736	128	20	(	(	PUNCT
dem-11736	128	21	1991	1991	NUM
dem-11736	128	22	)	)	PUNCT
dem-11736	128	23	(	(	PUNCT
dem-11736	128	24	gkyz	gkyz	NOUN
dem-11736	128	25	)	)	PUNCT
dem-11736	128	26	2	2	NUM
dem-11736	128	27	2	2	NUM
dem-11736	128	28	2	2	NUM
dem-11736	128	29	1	1	NUM
dem-11736	128	30	1	1	NUM
dem-11736	128	31	1	1	NUM
dem-11736	128	32	ln	ln	NOUN
dem-11736	128	33	ln	ln	ADJ
dem-11736	128	34	(	(	PUNCT
dem-11736	128	35	2ln(2	2ln(2	NUM
dem-11736	128	36	)	)	PUNCT
dem-11736	128	37	)	)	PUNCT
dem-11736	129	1	ln	ln	ADV
dem-11736	129	2	2	2	NUM
dem-11736	130	1	n	n	NOUN
dem-11736	130	2	i	i	PRON
dem-11736	131	1	i	i	PRON
dem-11736	132	1	i	i	PRON
dem-11736	132	2	gkyz	gkyz	VERB
dem-11736	132	3	i	i	PRON
dem-11736	133	1	i	i	PRON
dem-11736	133	2	i	i	PRON
dem-11736	134	1	i	i	PRON
dem-11736	134	2	o	o	VERB
dem-11736	135	1	h	h	NOUN
dem-11736	136	1	c	c	NOUN
dem-11736	136	2	c	c	NOUN
dem-11736	136	3	l	l	NOUN
dem-11736	136	4	o	o	X
dem-11736	136	5			PROPN
dem-11736	137	1			NUM
dem-11736	137	2			PROPN
dem-11736	137	3			NOUN
dem-11736	137	4			PROPN
dem-11736	137	5			NOUN
dem-11736	137	6			PROPN
dem-11736	137	7			VERB
dem-11736	137	8			PROPN
dem-11736	137	9			PROPN
dem-11736	137	10			NOUN
dem-11736	137	11			PROPN
dem-11736	137	12			NOUN
dem-11736	137	13			PROPN
dem-11736	137	14			PROPN
dem-11736	137	15			ADV
dem-11736	137	16			PROPN
dem-11736	137	17			PROPN
dem-11736	138	1			PROPN
dem-11736	139	1			INTJ
dem-11736	139	2			PROPN
dem-11736	139	3			NOUN
dem-11736	140	1			PROPN
dem-11736	141	1			PROPN
dem-11736	142	1			INTJ
dem-11736	143	1			PROPN
dem-11736	143	2			NOUN
dem-11736	144	1			PROPN
dem-11736	145	1			PROPN
dem-11736	146	1			INTJ
dem-11736	147	1			PROPN
dem-11736	147	2			PROPN
dem-11736	148	1			ADJ
dem-11736	148	2			PROPN
dem-11736	148	3			PROPN
dem-11736	148	4			NOUN
dem-11736	148	5			NOUN
dem-11736	148	6			NOUN
dem-11736	148	7			NOUN
dem-11736	148	8			PROPN
dem-11736	148	9			NOUN
dem-11736	148	10			PROPN
dem-11736	148	11			NOUN
dem-11736	148	12			X
dem-11736	148	13	e	e	NOUN
dem-11736	148	14	)	)	PUNCT
dem-11736	148	15	yang	yang	PROPN
dem-11736	148	16	and	and	CCONJ
dem-11736	148	17	zhang	zhang	PROPN
dem-11736	148	18	(	(	PUNCT
dem-11736	148	19	2000	2000	NUM
dem-11736	148	20	)	)	PUNCT
dem-11736	148	21	(	(	PUNCT
dem-11736	148	22	yz	yz	NOUN
dem-11736	148	23	)	)	PUNCT
dem-11736	148	24	2	2	NUM
dem-11736	148	25	2	2	NUM
dem-11736	148	26	2	2	NUM
dem-11736	148	27	(	(	PUNCT
dem-11736	148	28	1	1	NUM
dem-11736	148	29	)	)	PUNCT
dem-11736	148	30	yz	yz	PROPN
dem-11736	148	31	overnight	overnight	ADJ
dem-11736	148	32	volatility	volatility	NOUN
dem-11736	148	33	open	open	ADJ
dem-11736	148	34	to	to	PART
dem-11736	148	35	close	close	VERB
dem-11736	148	36	rsk	rsk	PROPN
dem-11736	148	37	k	k	NOUN
dem-11736	148	38			PROPN
dem-11736	148	39			PROPN
dem-11736	148	40			PROPN
dem-11736	148	41			ADV
dem-11736	148	42			PUNCT
dem-11736	148	43			NOUN
dem-11736	148	44	volatility	volatility	NOUN
dem-11736	148	45	estimators	estimator	NOUN
dem-11736	148	46	in	in	ADP
dem-11736	148	47	econometric	econometric	ADJ
dem-11736	148	48	analysis	analysis	NOUN
dem-11736	148	49	of	of	ADP
dem-11736	148	50	risk	risk	NOUN
dem-11736	148	51	transfer	transfer	NOUN
dem-11736	148	52	on	on	ADP
dem-11736	148	53	capital	capital	NOUN
dem-11736	148	54	markets	market	NOUN
dem-11736	148	55	dynamic	dynamic	ADJ
dem-11736	148	56	econometric	econometric	ADJ
dem-11736	148	57	models	model	NOUN
dem-11736	148	58	16	16	NUM
dem-11736	148	59	(	(	PUNCT
dem-11736	148	60	2016	2016	NUM
dem-11736	148	61	)	)	PUNCT
dem-11736	148	62	21–35	21–35	NUM
dem-11736	148	63	25	25	NUM
dem-11736	148	64	0,34	0,34	NUM
dem-11736	148	65	1	1	NUM
dem-11736	148	66	1,34	1,34	NUM
dem-11736	148	67	1	1	NUM
dem-11736	148	68	k	k	NOUN
dem-11736	148	69	n	n	CCONJ
dem-11736	148	70	n	n	PROPN
dem-11736	148	71			PROPN
dem-11736	148	72			PUNCT
dem-11736	148	73			PUNCT
dem-11736	148	74			PROPN
dem-11736	148	75	,	,	PUNCT
dem-11736	148	76	2	2	NUM
dem-11736	148	77	2	2	NUM
dem-11736	148	78	1	1	NUM
dem-11736	148	79	1	1	NUM
dem-11736	148	80	ln	ln	NOUN
dem-11736	148	81	ln	ln	ADJ
dem-11736	148	82	1	1	NUM
dem-11736	149	1	n	n	NOUN
dem-11736	150	1	i	i	PRON
dem-11736	150	2	i	i	PRON
dem-11736	150	3	opent	opent	VERB
dem-11736	150	4	to	to	PART
dem-11736	150	5	close	close	VERB
dem-11736	150	6	volatility	volatility	NOUN
dem-11736	151	1	i	i	PRON
dem-11736	152	1	i	i	PRON
dem-11736	153	1	i	i	VERB
dem-11736	153	2	c	c	VERB
dem-11736	154	1	c	c	NOUN
dem-11736	154	2	n	n	PRON
dem-11736	154	3	o	o	NOUN
dem-11736	154	4	o	o	X
dem-11736	154	5			PROPN
dem-11736	155	1			NUM
dem-11736	155	2			INTJ
dem-11736	155	3			PROPN
dem-11736	155	4			PROPN
dem-11736	155	5			NOUN
dem-11736	155	6			NOUN
dem-11736	155	7			PROPN
dem-11736	156	1			PROPN
dem-11736	156	2			PROPN
dem-11736	156	3			PROPN
dem-11736	157	1			PROPN
dem-11736	157	2			PROPN
dem-11736	157	3			PROPN
dem-11736	157	4			NOUN
dem-11736	157	5			NOUN
dem-11736	157	6			NOUN
dem-11736	158	1			PROPN
dem-11736	158	2			PROPN
dem-11736	158	3			PROPN
dem-11736	158	4			X
dem-11736	158	5	,	,	PUNCT
dem-11736	158	6	2	2	NUM
dem-11736	158	7	2	2	NUM
dem-11736	158	8	1	1	NUM
dem-11736	158	9	1	1	NUM
dem-11736	158	10	1	1	NUM
dem-11736	158	11	1	1	NUM
dem-11736	158	12	ln	ln	NOUN
dem-11736	158	13	ln	ln	ADJ
dem-11736	158	14	1	1	NUM
dem-11736	159	1	n	n	NOUN
dem-11736	160	1	i	i	PRON
dem-11736	161	1	i	i	PRON
dem-11736	161	2	overnight	overnight	ADV
dem-11736	161	3	volatility	volatility	NOUN
dem-11736	162	1	i	i	PRON
dem-11736	162	2	i	i	PRON
dem-11736	163	1	i	i	PRON
dem-11736	163	2	o	o	VERB
dem-11736	164	1	o	o	X
dem-11736	164	2	n	n	ADP
dem-11736	164	3	c	c	NOUN
dem-11736	164	4	c	c	NOUN
dem-11736	164	5			PROPN
dem-11736	164	6			PROPN
dem-11736	164	7			PROPN
dem-11736	164	8			PROPN
dem-11736	165	1			PROPN
dem-11736	165	2			PROPN
dem-11736	165	3			PROPN
dem-11736	165	4			NOUN
dem-11736	165	5			NOUN
dem-11736	165	6			PROPN
dem-11736	166	1			PROPN
dem-11736	166	2			PROPN
dem-11736	166	3			PROPN
dem-11736	167	1			PROPN
dem-11736	167	2			PROPN
dem-11736	167	3			PROPN
dem-11736	167	4			NOUN
dem-11736	167	5			NOUN
dem-11736	167	6			NOUN
dem-11736	167	7			PROPN
dem-11736	167	8			PROPN
dem-11736	167	9			PROPN
dem-11736	167	10			X
dem-11736	167	11	,	,	PUNCT
dem-11736	167	12	where	where	SCONJ
dem-11736	167	13	n	n	PRON
dem-11736	167	14	is	be	AUX
dem-11736	167	15	the	the	DET
dem-11736	167	16	number	number	NOUN
dem-11736	167	17	of	of	ADP
dem-11736	167	18	days	day	NOUN
dem-11736	167	19	taken	take	VERB
dem-11736	167	20	into	into	ADP
dem-11736	167	21	estimation	estimation	NOUN
dem-11736	167	22	,	,	PUNCT
dem-11736	167	23	ih	ih	PROPN
dem-11736	167	24	is	be	AUX
dem-11736	167	25	the	the	DET
dem-11736	167	26	highest	high	ADJ
dem-11736	167	27	price	price	NOUN
dem-11736	167	28	,	,	PUNCT
dem-11736	167	29	il	il	PROPN
dem-11736	167	30	is	be	AUX
dem-11736	167	31	the	the	DET
dem-11736	167	32	lowest	low	ADJ
dem-11736	167	33	price	price	NOUN
dem-11736	167	34	,	,	PUNCT
dem-11736	167	35	io	io	X
dem-11736	167	36	is	be	AUX
dem-11736	167	37	the	the	DET
dem-11736	167	38	open	open	ADJ
dem-11736	167	39	price	price	NOUN
dem-11736	167	40	and	and	CCONJ
dem-11736	167	41	ic	ic	PRON
dem-11736	167	42	is	be	AUX
dem-11736	167	43	the	the	DET
dem-11736	167	44	close	close	ADJ
dem-11736	167	45	price	price	NOUN
dem-11736	167	46	at	at	ADP
dem-11736	167	47	day	day	NOUN
dem-11736	167	48	i	i	PRON
dem-11736	167	49	.	.	PUNCT
dem-11736	168	1	2	2	X
dem-11736	168	2	.	.	X
dem-11736	168	3	conditional	conditional	ADJ
dem-11736	168	4	volatility	volatility	NOUN
dem-11736	168	5	models	model	NOUN
dem-11736	168	6	(	(	PUNCT
dem-11736	168	7	ar(p)-garch(1,1	ar(p)-garch(1,1	NOUN
dem-11736	168	8	)	)	PUNCT
dem-11736	168	9	and	and	CCONJ
dem-11736	168	10	ar(p)tarch(1,1	ar(p)tarch(1,1	NOUN
dem-11736	168	11	)	)	PUNCT
dem-11736	168	12	both	both	PRON
dem-11736	168	13	with	with	ADP
dem-11736	168	14	student	student	NOUN
dem-11736	168	15	error	error	NOUN
dem-11736	168	16	distribution	distribution	NOUN
dem-11736	168	17	(	(	PUNCT
dem-11736	168	18	zakoian	zakoian	NOUN
dem-11736	168	19	,	,	PUNCT
dem-11736	168	20	1994	1994	NUM
dem-11736	168	21	)	)	PUNCT
dem-11736	168	22	3	3	X
dem-11736	168	23	.	.	X
dem-11736	168	24	conditional	conditional	ADJ
dem-11736	168	25	volatility	volatility	NOUN
dem-11736	168	26	models	model	NOUN
dem-11736	168	27	with	with	ADP
dem-11736	168	28	the	the	DET
dem-11736	168	29	extreme	extreme	ADJ
dem-11736	168	30	value	value	NOUN
dem-11736	168	31	theory	theory	NOUN
dem-11736	168	32	(	(	PUNCT
dem-11736	168	33	ar(p)garch(1,1	ar(p)garch(1,1	ADJ
dem-11736	168	34	)	)	PUNCT
dem-11736	168	35	with	with	ADP
dem-11736	168	36	student	student	NOUN
dem-11736	168	37	error	error	NOUN
dem-11736	168	38	distribution	distribution	NOUN
dem-11736	168	39	and	and	CCONJ
dem-11736	168	40	peaks	peak	NOUN
dem-11736	168	41	over	over	ADP
dem-11736	168	42	threshold	threshold	NOUN
dem-11736	168	43	(	(	PUNCT
dem-11736	168	44	pot	pot	NOUN
dem-11736	168	45	)	)	PUNCT
dem-11736	168	46	approach	approach	NOUN
dem-11736	168	47	(	(	PUNCT
dem-11736	168	48	mcneil	mcneil	PROPN
dem-11736	168	49	and	and	CCONJ
dem-11736	168	50	frey	frey	PROPN
dem-11736	168	51	,	,	PUNCT
dem-11736	168	52	2000	2000	NUM
dem-11736	168	53	;	;	PUNCT
dem-11736	168	54	fałdziński	fałdziński	NOUN
dem-11736	168	55	,	,	PUNCT
dem-11736	168	56	2014	2014	NUM
dem-11736	168	57	)	)	PUNCT
dem-11736	168	58	.	.	PUNCT
dem-11736	169	1	4	4	X
dem-11736	169	2	.	.	X
dem-11736	169	3	volatility	volatility	NOUN
dem-11736	169	4	estimators	estimator	NOUN
dem-11736	169	5	described	describe	VERB
dem-11736	169	6	in	in	ADP
dem-11736	169	7	1	1	NUM
dem-11736	169	8	with	with	ADP
dem-11736	169	9	peaks	peak	NOUN
dem-11736	169	10	over	over	ADP
dem-11736	169	11	threshold	threshold	NOUN
dem-11736	169	12	(	(	PUNCT
dem-11736	169	13	pot	pot	NOUN
dem-11736	169	14	)	)	PUNCT
dem-11736	169	15	approach	approach	NOUN
dem-11736	169	16	.	.	PUNCT
dem-11736	170	1	it	it	PRON
dem-11736	170	2	is	be	AUX
dem-11736	170	3	worth	worth	ADJ
dem-11736	170	4	mentioning	mention	VERB
dem-11736	170	5	that	that	SCONJ
dem-11736	170	6	using	use	VERB
dem-11736	170	7	the	the	DET
dem-11736	170	8	extreme	extreme	ADJ
dem-11736	170	9	value	value	NOUN
dem-11736	170	10	theory	theory	NOUN
dem-11736	170	11	represented	represent	VERB
dem-11736	170	12	by	by	ADP
dem-11736	170	13	peaks	peak	NOUN
dem-11736	170	14	over	over	ADP
dem-11736	170	15	threshold	threshold	NOUN
dem-11736	170	16	(	(	PUNCT
dem-11736	170	17	pot	pot	NOUN
dem-11736	170	18	)	)	PUNCT
dem-11736	170	19	enables	enable	VERB
dem-11736	170	20	identifying	identify	VERB
dem-11736	170	21	shocks	shock	NOUN
dem-11736	170	22	(	(	PUNCT
dem-11736	170	23	extreme	extreme	ADJ
dem-11736	170	24	changes	change	NOUN
dem-11736	170	25	)	)	PUNCT
dem-11736	170	26	in	in	ADP
dem-11736	170	27	some	some	DET
dem-11736	170	28	financial	financial	ADJ
dem-11736	170	29	markets	market	NOUN
dem-11736	170	30	that	that	PRON
dem-11736	170	31	affect	affect	VERB
dem-11736	170	32	other	other	ADJ
dem-11736	170	33	markets	market	NOUN
dem-11736	170	34	.	.	PUNCT
dem-11736	171	1	thus	thus	ADV
dem-11736	171	2	finding	find	VERB
dem-11736	171	3	the	the	DET
dem-11736	171	4	break	break	NOUN
dem-11736	171	5	in	in	ADP
dem-11736	171	6	var	var	NOUN
dem-11736	171	7	when	when	SCONJ
dem-11736	171	8	pot	pot	NOUN
dem-11736	171	9	approach	approach	NOUN
dem-11736	171	10	is	be	AUX
dem-11736	171	11	applied	apply	VERB
dem-11736	171	12	is	be	AUX
dem-11736	171	13	a	a	DET
dem-11736	171	14	strong	strong	ADJ
dem-11736	171	15	argument	argument	NOUN
dem-11736	171	16	for	for	ADP
dem-11736	171	17	the	the	DET
dem-11736	171	18	spillover	spillover	NOUN
dem-11736	171	19	effect	effect	NOUN
dem-11736	171	20	.	.	PUNCT
dem-11736	172	1	the	the	DET
dem-11736	172	2	peaks	peak	NOUN
dem-11736	172	3	over	over	ADP
dem-11736	172	4	threshold	threshold	NOUN
dem-11736	172	5	method	method	NOUN
dem-11736	172	6	was	be	AUX
dem-11736	172	7	described	describe	VERB
dem-11736	172	8	in	in	ADP
dem-11736	172	9	fałdziński	fałdziński	NOUN
dem-11736	172	10	(	(	PUNCT
dem-11736	172	11	2014	2014	NUM
dem-11736	172	12	)	)	PUNCT
dem-11736	172	13	.	.	PUNCT
dem-11736	173	1	to	to	PART
dem-11736	173	2	explain	explain	VERB
dem-11736	173	3	it	it	PRON
dem-11736	173	4	briefly	briefly	ADV
dem-11736	173	5	let	let	VERB
dem-11736	173	6	us	we	PRON
dem-11736	173	7	assume	assume	VERB
dem-11736	173	8	that	that	SCONJ
dem-11736	173	9	a	a	DET
dem-11736	173	10	given	give	VERB
dem-11736	173	11	sequence	sequence	NOUN
dem-11736	173	12	of	of	ADP
dem-11736	173	13	i.i.d	i.i.d	PROPN
dem-11736	173	14	.	.	PUNCT
dem-11736	174	1	observations	observation	NOUN
dem-11736	174	2	1	1	NUM
dem-11736	174	3	,	,	PUNCT
dem-11736	174	4	,	,	PUNCT
dem-11736	174	5	nx	nx	X
dem-11736	174	6	x	x	PUNCT
dem-11736	174	7	comes	come	VERB
dem-11736	174	8	from	from	ADP
dem-11736	174	9	unknown	unknown	ADJ
dem-11736	174	10	distribution	distribution	NOUN
dem-11736	174	11	function	function	NOUN
dem-11736	174	12	f	f	PROPN
dem-11736	174	13	,	,	PUNCT
dem-11736	174	14	where	where	SCONJ
dem-11736	174	15	we	we	PRON
dem-11736	174	16	are	be	AUX
dem-11736	174	17	interested	interested	ADJ
dem-11736	174	18	in	in	ADP
dem-11736	174	19	excesses	excess	NOUN
dem-11736	174	20	over	over	ADP
dem-11736	174	21	a	a	DET
dem-11736	174	22	high	high	ADJ
dem-11736	174	23	threshold	threshold	NOUN
dem-11736	174	24	value	value	NOUN
dem-11736	174	25	u	u	NOUN
dem-11736	174	26	.	.	PUNCT
dem-11736	175	1	conditional	conditional	ADJ
dem-11736	175	2	excess	excess	ADJ
dem-11736	175	3	distribution	distribution	NOUN
dem-11736	175	4	function	function	NOUN
dem-11736	175	5	(	(	PUNCT
dem-11736	175	6	cedf	cedf	NOUN
dem-11736	175	7	)	)	PUNCT
dem-11736	175	8	uf	uf	PROPN
dem-11736	175	9	is	be	AUX
dem-11736	175	10	defined	define	VERB
dem-11736	175	11	as	as	ADP
dem-11736	175	12			NOUN
dem-11736	175	13			PROPN
dem-11736	175	14	(	(	PUNCT
dem-11736	175	15	)	)	PUNCT
dem-11736	176	1	|	|	ADV
dem-11736	176	2	,	,	PUNCT
dem-11736	176	3	uf	uf	INTJ
dem-11736	176	4	y	y	PROPN
dem-11736	177	1	p	p	NOUN
dem-11736	177	2	x	x	PUNCT
dem-11736	177	3	u	u	NOUN
dem-11736	177	4	y	y	PROPN
dem-11736	177	5	x	x	X
dem-11736	177	6	u	u	X
dem-11736	177	7			NOUN
dem-11736	177	8			NOUN
dem-11736	177	9			INTJ
dem-11736	177	10	0	0	NUM
dem-11736	178	1	fy	fy	PROPN
dem-11736	178	2	x	x	PROPN
dem-11736	178	3	u	u	PROPN
dem-11736	178	4			PROPN
dem-11736	178	5			NOUN
dem-11736	178	6	,	,	PUNCT
dem-11736	178	7	where	where	SCONJ
dem-11736	178	8	x	x	PRON
dem-11736	178	9	is	be	AUX
dem-11736	178	10	a	a	DET
dem-11736	178	11	random	random	ADJ
dem-11736	178	12	variable	variable	NOUN
dem-11736	178	13	,	,	PUNCT
dem-11736	178	14	u	u	NOUN
dem-11736	178	15	is	be	AUX
dem-11736	178	16	a	a	DET
dem-11736	178	17	given	give	VERB
dem-11736	178	18	threshold	threshold	NOUN
dem-11736	178	19	,	,	PUNCT
dem-11736	178	20	and	and	CCONJ
dem-11736	178	21	y	y	NOUN
dem-11736	178	22	x	x	PRON
dem-11736	178	23	u	u	X
dem-11736	178	24			NOUN
dem-11736	178	25	is	be	AUX
dem-11736	178	26	the	the	DET
dem-11736	178	27	excess	excess	ADJ
dem-11736	178	28	(	(	PUNCT
dem-11736	178	29	mcneil	mcneil	PROPN
dem-11736	178	30	and	and	CCONJ
dem-11736	178	31	frey	frey	PROPN
dem-11736	178	32	,	,	PUNCT
dem-11736	178	33	2000	2000	NUM
dem-11736	178	34	)	)	PUNCT
dem-11736	178	35	.	.	PUNCT
dem-11736	179	1	the	the	DET
dem-11736	179	2	distribution	distribution	NOUN
dem-11736	179	3	uf	uf	PROPN
dem-11736	179	4	can	can	AUX
dem-11736	179	5	be	be	AUX
dem-11736	179	6	written	write	VERB
dem-11736	179	7	as	as	ADP
dem-11736	179	8	:	:	PUNCT
dem-11736	179	9	(	(	PUNCT
dem-11736	179	10	)	)	PUNCT
dem-11736	179	11	(	(	PUNCT
dem-11736	179	12	)	)	PUNCT
dem-11736	179	13	(	(	PUNCT
dem-11736	179	14	)	)	PUNCT
dem-11736	179	15	(	(	PUNCT
dem-11736	179	16	)	)	PUNCT
dem-11736	179	17	(	(	PUNCT
dem-11736	179	18	)	)	PUNCT
dem-11736	179	19	1	1	NUM
dem-11736	179	20	(	(	PUNCT
dem-11736	179	21	)	)	PUNCT
dem-11736	179	22	1	1	NUM
dem-11736	179	23	(	(	PUNCT
dem-11736	179	24	)	)	PUNCT
dem-11736	179	25	u	u	NOUN
dem-11736	179	26	f	f	PROPN
dem-11736	179	27	u	u	X
dem-11736	180	1	y	y	PROPN
dem-11736	180	2	f	f	PROPN
dem-11736	180	3	u	u	NOUN
dem-11736	180	4	f	f	PROPN
dem-11736	180	5	x	x	X
dem-11736	180	6	f	f	X
dem-11736	180	7	u	u	X
dem-11736	180	8	f	f	PROPN
dem-11736	180	9	y	y	PROPN
dem-11736	180	10	f	f	PROPN
dem-11736	180	11	u	u	PROPN
dem-11736	180	12	f	f	PROPN
dem-11736	180	13	u	u	PROPN
dem-11736	180	14			VERB
dem-11736	180	15			PROPN
dem-11736	180	16			PROPN
dem-11736	180	17			PROPN
dem-11736	180	18			NUM
dem-11736	180	19			PROPN
dem-11736	180	20			NOUN
dem-11736	180	21	(	(	PUNCT
dem-11736	180	22	5	5	NUM
dem-11736	180	23	)	)	PUNCT
dem-11736	180	24	the	the	DET
dem-11736	180	25	realizations	realization	NOUN
dem-11736	180	26	of	of	ADP
dem-11736	180	27	the	the	DET
dem-11736	180	28	random	random	ADJ
dem-11736	180	29	variable	variable	NOUN
dem-11736	180	30	x	x	AUX
dem-11736	180	31	lie	lie	VERB
dem-11736	180	32	between	between	ADP
dem-11736	180	33	0	0	NUM
dem-11736	180	34	and	and	CCONJ
dem-11736	180	35	u	u	NOUN
dem-11736	180	36	,	,	PUNCT
dem-11736	180	37	therefore	therefore	ADV
dem-11736	180	38	the	the	DET
dem-11736	180	39	estimation	estimation	NOUN
dem-11736	180	40	of	of	ADP
dem-11736	180	41	f	f	PROPN
dem-11736	180	42	in	in	ADP
dem-11736	180	43	this	this	DET
dem-11736	180	44	interval	interval	NOUN
dem-11736	180	45	generally	generally	ADV
dem-11736	180	46	poses	pose	VERB
dem-11736	180	47	no	no	DET
dem-11736	180	48	problems	problem	NOUN
dem-11736	180	49	.	.	PUNCT
dem-11736	181	1	according	accord	VERB
dem-11736	181	2	to	to	ADP
dem-11736	181	3	the	the	DET
dem-11736	181	4	pickands	pickand	NOUN
dem-11736	181	5	-	-	PUNCT
dem-11736	181	6	balkema	balkema	NOUN
dem-11736	181	7	-	-	PUNCT
dem-11736	181	8	de	de	X
dem-11736	181	9	haan	haan	PROPN
dem-11736	181	10	(	(	PUNCT
dem-11736	181	11	pickands	pickand	NOUN
dem-11736	181	12	(	(	PUNCT
dem-11736	181	13	1975	1975	NUM
dem-11736	181	14	)	)	PUNCT
dem-11736	181	15	,	,	PUNCT
dem-11736	181	16	balkema	balkema	ADV
dem-11736	181	17	,	,	PUNCT
dem-11736	181	18	de	de	X
dem-11736	181	19	haan	haan	X
dem-11736	181	20	(	(	PUNCT
dem-11736	181	21	1974	1974	NUM
dem-11736	181	22	)	)	PUNCT
dem-11736	181	23	)	)	PUNCT
dem-11736	181	24	theorem	theorem	VERB
dem-11736	181	25	,	,	PUNCT
dem-11736	181	26	for	for	ADP
dem-11736	181	27	x	x	PROPN
dem-11736	181	28	u	u	PROPN
dem-11736	181	29	,	,	PUNCT
dem-11736	181	30	we	we	PRON
dem-11736	181	31	can	can	AUX
dem-11736	181	32	use	use	VERB
dem-11736	181	33	the	the	DET
dem-11736	181	34	tail	tail	NOUN
dem-11736	181	35	estimate	estimate	NOUN
dem-11736	181	36	marcin	marcin	PROPN
dem-11736	181	37	fałdziński	fałdziński	VERB
dem-11736	181	38	,	,	PUNCT
dem-11736	181	39	magdalena	magdalena	PROPN
dem-11736	181	40	osińska	osińska	PROPN
dem-11736	181	41	dynamic	dynamic	ADJ
dem-11736	181	42	econometric	econometric	ADJ
dem-11736	181	43	models	model	NOUN
dem-11736	181	44	16	16	NUM
dem-11736	181	45	(	(	PUNCT
dem-11736	181	46	2016	2016	NUM
dem-11736	181	47	)	)	PUNCT
dem-11736	181	48	21–35	21–35	NUM
dem-11736	181	49	26	26	NUM
dem-11736	181	50			NOUN
dem-11736	181	51			PROPN
dem-11736	181	52	,	,	PUNCT
dem-11736	181	53	,	,	PUNCT
dem-11736	181	54	ˆ	ˆ	PROPN
dem-11736	181	55	(	(	PUNCT
dem-11736	181	56	)	)	PUNCT
dem-11736	181	57	1	1	NUM
dem-11736	181	58	(	(	PUNCT
dem-11736	181	59	)	)	PUNCT
dem-11736	181	60	(	(	PUNCT
dem-11736	181	61	)	)	PUNCT
dem-11736	181	62	(	(	PUNCT
dem-11736	181	63	)	)	PUNCT
dem-11736	181	64	n	n	NOUN
dem-11736	181	65	nf	nf	NOUN
dem-11736	181	66	x	x	X
dem-11736	181	67	f	f	PUNCT
dem-11736	181	68	u	u	NOUN
dem-11736	181	69	g	g	PROPN
dem-11736	181	70	x	x	PROPN
dem-11736	181	71	f	f	PROPN
dem-11736	181	72	u	u	ADJ
dem-11736	181	73			NOUN
dem-11736	181	74			PROPN
dem-11736	181	75			PROPN
dem-11736	181	76			PUNCT
dem-11736	181	77	,	,	PUNCT
dem-11736	181	78	where	where	SCONJ
dem-11736	181	79	,	,	PUNCT
dem-11736	181	80	,	,	PUNCT
dem-11736	181	81	(	(	PUNCT
dem-11736	181	82	)	)	PUNCT
dem-11736	181	83	g	g	NOUN
dem-11736	181	84	x	x	PROPN
dem-11736	181	85			NOUN
dem-11736	181	86			PROPN
dem-11736	181	87	is	be	AUX
dem-11736	181	88	the	the	DET
dem-11736	181	89	generalized	generalize	VERB
dem-11736	181	90	pareto	pareto	ADJ
dem-11736	181	91	distribution	distribution	NOUN
dem-11736	181	92	(	(	PUNCT
dem-11736	181	93	gdp	gdp	NOUN
dem-11736	181	94	)	)	PUNCT
dem-11736	181	95	,	,	PUNCT
dem-11736	181	96	to	to	PART
dem-11736	181	97	approximate	approximate	VERB
dem-11736	181	98	the	the	DET
dem-11736	181	99	distribution	distribution	NOUN
dem-11736	181	100	function	function	NOUN
dem-11736	181	101	(	(	PUNCT
dem-11736	181	102	)	)	PUNCT
dem-11736	181	103	f	f	X
dem-11736	182	1	x	x	X
dem-11736	182	2	.	.	PUNCT
dem-11736	183	1	it	it	PRON
dem-11736	183	2	can	can	AUX
dem-11736	183	3	be	be	AUX
dem-11736	183	4	shown	show	VERB
dem-11736	183	5	that	that	SCONJ
dem-11736	183	6	ˆ	ˆ	ADJ
dem-11736	183	7	(	(	PUNCT
dem-11736	183	8	)	)	PUNCT
dem-11736	183	9	f	f	X
dem-11736	183	10	x	x	VERB
dem-11736	183	11	is	be	AUX
dem-11736	183	12	also	also	ADV
dem-11736	183	13	generalized	generalize	VERB
dem-11736	183	14	pareto	pareto	ADJ
dem-11736	183	15	distribution	distribution	NOUN
dem-11736	183	16	,	,	PUNCT
dem-11736	183	17	with	with	ADP
dem-11736	183	18	the	the	DET
dem-11736	183	19	same	same	ADJ
dem-11736	183	20	shape	shape	NOUN
dem-11736	183	21	parameter	parameter	NOUN
dem-11736	183	22			PROPN
dem-11736	183	23	,	,	PUNCT
dem-11736	183	24	but	but	CCONJ
dem-11736	183	25	with	with	ADP
dem-11736	183	26	scale	scale	NOUN
dem-11736	183	27	and	and	CCONJ
dem-11736	183	28	location	location	NOUN
dem-11736	183	29	parameters	parameter	NOUN
dem-11736	183	30	,	,	PUNCT
dem-11736	183	31	correspondingly	correspondingly	ADV
dem-11736	183	32	equal	equal	ADJ
dem-11736	183	33	:	:	PUNCT
dem-11736	183	34			NOUN
dem-11736	183	35	1	1	NOUN
dem-11736	183	36	(	(	PUNCT
dem-11736	183	37	)	)	PUNCT
dem-11736	183	38	nf	nf	PROPN
dem-11736	183	39	u	u	NOUN
dem-11736	183	40			NUM
dem-11736	183	41			PROPN
dem-11736	183	42			PROPN
dem-11736	183	43			NOUN
dem-11736	183	44	and	and	CCONJ
dem-11736	183	45			NOUN
dem-11736	184	1			PRON
dem-11736	184	2	1	1	PROPN
dem-11736	184	3	(	(	PUNCT
dem-11736	184	4	)	)	PUNCT
dem-11736	184	5	1	1	NUM
dem-11736	184	6	/nf	/nf	SYM
dem-11736	184	7	u	u	NOUN
dem-11736	184	8			NUM
dem-11736	184	9			NOUN
dem-11736	184	10			NOUN
dem-11736	184	11			X
dem-11736	184	12			NUM
dem-11736	184	13			VERB
dem-11736	184	14			PROPN
dem-11736	184	15			PROPN
dem-11736	184	16			PROPN
dem-11736	184	17			NOUN
dem-11736	184	18	.	.	PUNCT
dem-11736	185	1	thus	thus	ADV
dem-11736	185	2	,	,	PUNCT
dem-11736	185	3	the	the	DET
dem-11736	185	4	pot	pot	NOUN
dem-11736	185	5	estimator	estimator	NOUN
dem-11736	185	6	of	of	ADP
dem-11736	185	7	px	px	PROPN
dem-11736	185	8	is	be	AUX
dem-11736	185	9	obtained	obtain	VERB
dem-11736	185	10	by	by	ADP
dem-11736	185	11	inverting	invert	VERB
dem-11736	185	12	the	the	DET
dem-11736	185	13	formula	formula	NOUN
dem-11736	185	14	for	for	ADP
dem-11736	185	15	ˆ	ˆ	ADJ
dem-11736	185	16	(	(	PUNCT
dem-11736	185	17	)	)	PUNCT
dem-11736	185	18	f	f	X
dem-11736	186	1	x	x	X
dem-11736	186	2	then	then	ADV
dem-11736	186	3	substituting	substitute	VERB
dem-11736	186	4	unknown	unknown	ADJ
dem-11736	186	5	parameters	parameter	NOUN
dem-11736	186	6	of	of	ADP
dem-11736	186	7	the	the	DET
dem-11736	186	8	gpd	gpd	NOUN
dem-11736	186	9	by	by	ADP
dem-11736	186	10	estimates	estimate	NOUN
dem-11736	186	11	ˆ	ˆ	ADP
dem-11736	186	12	ˆ	ˆ	ADJ
dem-11736	186	13	(	(	PUNCT
dem-11736	186	14	,	,	PUNCT
dem-11736	186	15	)	)	PUNCT
dem-11736	186	16			NUM
dem-11736	186	17			PROPN
dem-11736	186	18	,	,	PUNCT
dem-11736	186	19	we	we	PRON
dem-11736	186	20	get	get	VERB
dem-11736	186	21	:	:	PUNCT
dem-11736	186	22	ˆ	ˆ	ADV
dem-11736	186	23	1	1	NUM
dem-11736	186	24	ˆ	ˆ	NOUN
dem-11736	186	25	ˆ	ˆ	PROPN
dem-11736	186	26	,	,	PUNCT
dem-11736	186	27	,	,	PUNCT
dem-11736	186	28	ˆ	ˆ	PROPN
dem-11736	186	29	(	(	PUNCT
dem-11736	186	30	)	)	PUNCT
dem-11736	186	31	1ˆˆ	1ˆˆ	NOUN
dem-11736	186	32	(	(	PUNCT
dem-11736	186	33	)	)	PUNCT
dem-11736	186	34	1	1	NUM
dem-11736	186	35	ˆ1	ˆ1	NOUN
dem-11736	186	36	(	(	PUNCT
dem-11736	186	37	)	)	PUNCT
dem-11736	186	38	1	1	NUM
dem-11736	186	39	(	(	PUNCT
dem-11736	186	40	)	)	PUNCT
dem-11736	186	41	n	n	CCONJ
dem-11736	186	42	p	p	NOUN
dem-11736	186	43	u	u	PROPN
dem-11736	186	44	n	n	CCONJ
dem-11736	186	45	n	n	NOUN
dem-11736	186	46	p	p	NOUN
dem-11736	186	47	f	f	X
dem-11736	186	48	u	u	NOUN
dem-11736	186	49	p	p	NOUN
dem-11736	186	50	x	x	PROPN
dem-11736	186	51	f	f	X
dem-11736	186	52	p	p	X
dem-11736	186	53	g	g	PROPN
dem-11736	186	54	u	u	X
dem-11736	186	55	f	f	PROPN
dem-11736	186	56	u	u	PROPN
dem-11736	186	57	f	f	PROPN
dem-11736	186	58	u	u	PROPN
dem-11736	186	59			PROPN
dem-11736	186	60			NUM
dem-11736	186	61			X
dem-11736	186	62			PROPN
dem-11736	186	63			NUM
dem-11736	186	64			PROPN
dem-11736	186	65			X
dem-11736	186	66			PROPN
dem-11736	186	67			NOUN
dem-11736	186	68			PROPN
dem-11736	186	69			PROPN
dem-11736	186	70			NOUN
dem-11736	186	71			VERB
dem-11736	186	72			PROPN
dem-11736	186	73			PROPN
dem-11736	186	74			NOUN
dem-11736	186	75			PROPN
dem-11736	186	76			PROPN
dem-11736	186	77			ADJ
dem-11736	186	78			PROPN
dem-11736	186	79			PROPN
dem-11736	187	1			PROPN
dem-11736	187	2			PROPN
dem-11736	187	3			PROPN
dem-11736	187	4			NOUN
dem-11736	187	5			NOUN
dem-11736	187	6			NOUN
dem-11736	187	7			PROPN
dem-11736	187	8			NOUN
dem-11736	187	9			NOUN
dem-11736	187	10	.	.	PUNCT
dem-11736	188	1	(	(	PUNCT
dem-11736	188	2	6	6	NUM
dem-11736	188	3	)	)	PUNCT
dem-11736	188	4	if	if	SCONJ
dem-11736	188	5	un	un	PROPN
dem-11736	188	6	is	be	AUX
dem-11736	188	7	the	the	DET
dem-11736	188	8	number	number	NOUN
dem-11736	188	9	of	of	ADP
dem-11736	188	10	exceedances	exceedance	NOUN
dem-11736	188	11	of	of	ADP
dem-11736	188	12	the	the	DET
dem-11736	188	13	threshold	threshold	NOUN
dem-11736	188	14	u	u	NOUN
dem-11736	188	15	and	and	CCONJ
dem-11736	188	16	n	n	PROPN
dem-11736	188	17	is	be	AUX
dem-11736	188	18	the	the	DET
dem-11736	188	19	total	total	ADJ
dem-11736	188	20	number	number	NOUN
dem-11736	188	21	of	of	ADP
dem-11736	188	22	realizations	realization	NOUN
dem-11736	188	23	that	that	PRON
dem-11736	188	24	we	we	PRON
dem-11736	188	25	have	have	VERB
dem-11736	188	26	from	from	ADP
dem-11736	188	27	the	the	DET
dem-11736	188	28	distribution	distribution	NOUN
dem-11736	188	29	f	f	NOUN
dem-11736	188	30	,	,	PUNCT
dem-11736	188	31	value	value	NOUN
dem-11736	188	32	-	-	PUNCT
dem-11736	188	33	at	at	ADP
dem-11736	188	34	-	-	PUNCT
dem-11736	188	35	risk	risk	NOUN
dem-11736	188	36	in	in	ADP
dem-11736	188	37	the	the	DET
dem-11736	188	38	peaks	peak	NOUN
dem-11736	188	39	over	over	ADP
dem-11736	188	40	threshold	threshold	NOUN
dem-11736	188	41	method	method	NOUN
dem-11736	188	42	equals	equal	VERB
dem-11736	188	43	:	:	PUNCT
dem-11736	188	44	ˆ	ˆ	PRON
dem-11736	188	45	ˆ	ˆ	ADV
dem-11736	188	46	(	(	PUNCT
dem-11736	188	47	)	)	PUNCT
dem-11736	188	48	1	1	NUM
dem-11736	188	49	ˆ	ˆ	X
dem-11736	188	50	u	u	NOUN
dem-11736	188	51	n	n	CCONJ
dem-11736	188	52	var	var	NOUN
dem-11736	188	53	u	u	PROPN
dem-11736	188	54	n	n	PROPN
dem-11736	188	55			NUM
dem-11736	188	56			PROPN
dem-11736	188	57			X
dem-11736	188	58			X
dem-11736	188	59			ADP
dem-11736	188	60			PROPN
dem-11736	189	1			PROPN
dem-11736	189	2			PROPN
dem-11736	189	3			PROPN
dem-11736	189	4			PROPN
dem-11736	189	5			PROPN
dem-11736	189	6			PROPN
dem-11736	189	7			PROPN
dem-11736	189	8			PROPN
dem-11736	189	9			VERB
dem-11736	189	10			NOUN
dem-11736	189	11			NOUN
dem-11736	189	12	,	,	PUNCT
dem-11736	189	13	(	(	PUNCT
dem-11736	189	14	7	7	X
dem-11736	189	15	)	)	PUNCT
dem-11736	189	16	where	where	SCONJ
dem-11736	189	17			NOUN
dem-11736	189	18	is	be	AUX
dem-11736	189	19	a	a	DET
dem-11736	189	20	tolerance	tolerance	NOUN
dem-11736	189	21	level	level	NOUN
dem-11736	189	22	.	.	PUNCT
dem-11736	190	1	2	2	X
dem-11736	190	2	.	.	X
dem-11736	190	3	characteristics	characteristic	NOUN
dem-11736	190	4	of	of	ADP
dem-11736	190	5	the	the	DET
dem-11736	190	6	data	datum	NOUN
dem-11736	190	7	according	accord	VERB
dem-11736	190	8	to	to	ADP
dem-11736	190	9	world	world	NOUN
dem-11736	190	10	economic	economic	ADJ
dem-11736	190	11	outlook	outlook	NOUN
dem-11736	190	12	released	release	VERB
dem-11736	190	13	in	in	ADP
dem-11736	190	14	20161	20161	NUM
dem-11736	190	15	the	the	DET
dem-11736	190	16	potential	potential	NOUN
dem-11736	190	17	for	for	ADP
dem-11736	190	18	economic	economic	ADJ
dem-11736	190	19	growth	growth	NOUN
dem-11736	190	20	in	in	ADP
dem-11736	190	21	china	china	PROPN
dem-11736	190	22	is	be	AUX
dem-11736	190	23	projected	project	VERB
dem-11736	190	24	to	to	PART
dem-11736	190	25	decrease	decrease	VERB
dem-11736	190	26	from	from	ADP
dem-11736	190	27	7.3	7.3	NUM
dem-11736	190	28	in	in	ADP
dem-11736	190	29	2014	2014	NUM
dem-11736	190	30	to	to	ADP
dem-11736	190	31	6.0	6.0	NUM
dem-11736	190	32	in	in	ADP
dem-11736	190	33	2017	2017	NUM
dem-11736	190	34	although	although	SCONJ
dem-11736	190	35	it	it	PRON
dem-11736	190	36	will	will	AUX
dem-11736	190	37	still	still	ADV
dem-11736	190	38	remain	remain	VERB
dem-11736	190	39	a	a	DET
dem-11736	190	40	very	very	ADV
dem-11736	190	41	important	important	ADJ
dem-11736	190	42	country	country	NOUN
dem-11736	190	43	.	.	PUNCT
dem-11736	191	1	the	the	DET
dem-11736	191	2	most	most	ADV
dem-11736	191	3	prospective	prospective	ADJ
dem-11736	191	4	growth	growth	NOUN
dem-11736	191	5	is	be	AUX
dem-11736	191	6	projected	project	VERB
dem-11736	191	7	in	in	ADP
dem-11736	191	8	india	india	PROPN
dem-11736	191	9	:	:	PUNCT
dem-11736	191	10	from	from	ADP
dem-11736	191	11	7.3	7.3	NUM
dem-11736	191	12	in	in	ADP
dem-11736	191	13	2014	2014	NUM
dem-11736	191	14	to	to	ADP
dem-11736	191	15	7.5	7.5	NUM
dem-11736	191	16	in	in	ADP
dem-11736	191	17	2017	2017	NUM
dem-11736	191	18	and	and	CCONJ
dem-11736	191	19	in	in	ADP
dem-11736	191	20	mexico	mexico	PROPN
dem-11736	191	21	:	:	PUNCT
dem-11736	191	22	from	from	ADP
dem-11736	191	23	2.3	2.3	NUM
dem-11736	191	24	in	in	ADP
dem-11736	191	25	2014	2014	NUM
dem-11736	191	26	to	to	ADP
dem-11736	191	27	2.9	2.9	NUM
dem-11736	191	28	in	in	ADP
dem-11736	191	29	2017	2017	NUM
dem-11736	191	30	.	.	PUNCT
dem-11736	192	1	other	other	ADJ
dem-11736	192	2	countries	country	NOUN
dem-11736	192	3	like	like	ADP
dem-11736	192	4	russia	russia	PROPN
dem-11736	192	5	and	and	CCONJ
dem-11736	192	6	brazil	brazil	PROPN
dem-11736	192	7	are	be	AUX
dem-11736	192	8	expected	expect	VERB
dem-11736	192	9	to	to	PART
dem-11736	192	10	lose	lose	VERB
dem-11736	192	11	their	their	PRON
dem-11736	192	12	growth	growth	NOUN
dem-11736	192	13	rate	rate	NOUN
dem-11736	192	14	and	and	CCONJ
dem-11736	192	15	reach	reach	VERB
dem-11736	192	16	negative	negative	ADJ
dem-11736	192	17	values	value	NOUN
dem-11736	192	18	.	.	PUNCT
dem-11736	193	1	as	as	ADP
dem-11736	193	2	concerns	concern	NOUN
dem-11736	193	3	turkey	turkey	PROPN
dem-11736	193	4	,	,	PUNCT
dem-11736	193	5	its	its	PRON
dem-11736	193	6	growth	growth	NOUN
dem-11736	193	7	rate	rate	NOUN
dem-11736	193	8	in	in	ADP
dem-11736	193	9	2015	2015	NUM
dem-11736	193	10	was	be	AUX
dem-11736	193	11	quite	quite	ADV
dem-11736	193	12	high	high	ADJ
dem-11736	193	13	.	.	PUNCT
dem-11736	194	1	it	it	PRON
dem-11736	194	2	amounted	amount	VERB
dem-11736	194	3	to	to	ADP
dem-11736	194	4	4	4	NUM
dem-11736	194	5	%	%	NOUN
dem-11736	194	6	with	with	ADP
dem-11736	194	7	decreasing	decrease	VERB
dem-11736	194	8	perspective	perspective	NOUN
dem-11736	194	9	.	.	PUNCT
dem-11736	195	1	there	there	PRON
dem-11736	195	2	are	be	VERB
dem-11736	195	3	also	also	ADV
dem-11736	195	4	other	other	ADJ
dem-11736	195	5	very	very	ADV
dem-11736	195	6	fast	fast	ADV
dem-11736	195	7	developing	develop	VERB
dem-11736	195	8	emerging	emerge	VERB
dem-11736	195	9	economies	economy	NOUN
dem-11736	195	10	like	like	ADP
dem-11736	195	11	kenya	kenya	NOUN
dem-11736	195	12	or	or	CCONJ
dem-11736	195	13	nigeria	nigeria	PROPN
dem-11736	195	14	but	but	CCONJ
dem-11736	195	15	we	we	PRON
dem-11736	195	16	excluded	exclude	VERB
dem-11736	195	17	them	they	PRON
dem-11736	195	18	from	from	ADP
dem-11736	195	19	the	the	DET
dem-11736	195	20	study	study	NOUN
dem-11736	195	21	because	because	SCONJ
dem-11736	195	22	of	of	ADP
dem-11736	195	23	relative	relative	ADJ
dem-11736	195	24	smaller	small	ADJ
dem-11736	195	25	liquidity	liquidity	NOUN
dem-11736	195	26	in	in	ADP
dem-11736	195	27	financial	financial	ADJ
dem-11736	195	28	markets	market	NOUN
dem-11736	195	29	.	.	PUNCT
dem-11736	196	1	another	another	DET
dem-11736	196	2	very	very	ADV
dem-11736	196	3	fast	fast	ADJ
dem-11736	196	4	developing	develop	VERB
dem-11736	196	5	economy	economy	NOUN
dem-11736	196	6	is	be	AUX
dem-11736	196	7	indonesia	indonesia	PROPN
dem-11736	196	8	,	,	PUNCT
dem-11736	196	9	which	which	PRON
dem-11736	196	10	yearly	yearly	ADJ
dem-11736	196	11	growth	growth	NOUN
dem-11736	196	12	rate	rate	NOUN
dem-11736	196	13	in	in	ADP
dem-11736	196	14	2015	2015	NUM
dem-11736	196	15	was	be	AUX
dem-11736	196	16	5.5	5.5	NUM
dem-11736	196	17	%	%	NOUN
dem-11736	196	18	.	.	PUNCT
dem-11736	197	1	among	among	ADP
dem-11736	197	2	these	these	DET
dem-11736	197	3	countries	country	NOUN
dem-11736	197	4	there	there	PRON
dem-11736	197	5	is	be	VERB
dem-11736	197	6	a	a	DET
dem-11736	197	7	competition	competition	NOUN
dem-11736	197	8	to	to	PART
dem-11736	197	9	be	be	AUX
dem-11736	197	10	not	not	PART
dem-11736	197	11	only	only	ADV
dem-11736	197	12	the	the	DET
dem-11736	197	13	best	good	ADJ
dem-11736	197	14	1	1	NUM
dem-11736	197	15	http://www.imf.org/external/pubs/ft/weo/2016/update/01/pdf/0116.pdf	http://www.imf.org/external/pubs/ft/weo/2016/update/01/pdf/0116.pdf	NUM
dem-11736	197	16	http://www.imf.org/external/pubs/ft/weo/2016/update/01/pdf/0116.pdf	http://www.imf.org/external/pubs/ft/weo/2016/update/01/pdf/0116.pdf	NUM
dem-11736	197	17	volatility	volatility	NOUN
dem-11736	197	18	estimators	estimator	NOUN
dem-11736	197	19	in	in	ADP
dem-11736	197	20	econometric	econometric	ADJ
dem-11736	197	21	analysis	analysis	NOUN
dem-11736	197	22	of	of	ADP
dem-11736	197	23	risk	risk	NOUN
dem-11736	197	24	transfer	transfer	NOUN
dem-11736	197	25	on	on	ADP
dem-11736	197	26	capital	capital	NOUN
dem-11736	197	27	markets	market	NOUN
dem-11736	197	28	dynamic	dynamic	ADJ
dem-11736	197	29	econometric	econometric	ADJ
dem-11736	197	30	models	model	NOUN
dem-11736	197	31	16	16	NUM
dem-11736	197	32	(	(	PUNCT
dem-11736	197	33	2016	2016	NUM
dem-11736	197	34	)	)	PUNCT
dem-11736	197	35	21–35	21–35	NUM
dem-11736	197	36	27	27	NUM
dem-11736	197	37	emerging	emerge	VERB
dem-11736	197	38	economy	economy	NOUN
dem-11736	197	39	in	in	ADP
dem-11736	197	40	the	the	DET
dem-11736	197	41	world	world	NOUN
dem-11736	197	42	but	but	CCONJ
dem-11736	197	43	also	also	ADV
dem-11736	197	44	a	a	DET
dem-11736	197	45	very	very	ADV
dem-11736	197	46	important	important	ADJ
dem-11736	197	47	investment	investment	NOUN
dem-11736	197	48	market	market	NOUN
dem-11736	197	49	.	.	PUNCT
dem-11736	198	1	in	in	ADP
dem-11736	198	2	sequent	sequent	NOUN
dem-11736	198	3	years	year	NOUN
dem-11736	198	4	one	one	PRON
dem-11736	198	5	may	may	AUX
dem-11736	198	6	observe	observe	VERB
dem-11736	198	7	and	and	CCONJ
dem-11736	198	8	predict	predict	VERB
dem-11736	198	9	development	development	NOUN
dem-11736	198	10	of	of	ADP
dem-11736	198	11	new	new	ADJ
dem-11736	198	12	important	important	ADJ
dem-11736	198	13	economic	economic	ADJ
dem-11736	198	14	areas	area	NOUN
dem-11736	198	15	.	.	PUNCT
dem-11736	199	1	in	in	ADP
dem-11736	199	2	fig	fig	NOUN
dem-11736	199	3	.	.	PUNCT
dem-11736	200	1	1	1	NUM
dem-11736	201	1	the	the	DET
dem-11736	201	2	annual	annual	ADJ
dem-11736	201	3	growth	growth	NOUN
dem-11736	201	4	rate	rate	NOUN
dem-11736	201	5	of	of	ADP
dem-11736	201	6	mentioned	mention	VERB
dem-11736	201	7	economies	economy	NOUN
dem-11736	201	8	in	in	ADP
dem-11736	201	9	2006–2015	2006–2015	NUM
dem-11736	201	10	has	have	AUX
dem-11736	201	11	been	be	AUX
dem-11736	201	12	shown	show	VERB
dem-11736	201	13	.	.	PUNCT
dem-11736	202	1	figure	figure	NOUN
dem-11736	202	2	1	1	NUM
dem-11736	202	3	.	.	PUNCT
dem-11736	202	4	annual	annual	ADJ
dem-11736	202	5	growth	growth	NOUN
dem-11736	202	6	rate	rate	NOUN
dem-11736	202	7	in	in	ADP
dem-11736	202	8	emerging	emerge	VERB
dem-11736	202	9	economies	economy	NOUN
dem-11736	202	10	over	over	ADP
dem-11736	202	11	2006–2015	2006–2015	NUM
dem-11736	202	12	[	[	PUNCT
dem-11736	202	13	in	in	ADP
dem-11736	202	14	%	%	NOUN
dem-11736	202	15	]	]	PUNCT
dem-11736	202	16	2	2	NUM
dem-11736	202	17	the	the	DET
dem-11736	202	18	dynamics	dynamic	NOUN
dem-11736	202	19	of	of	ADP
dem-11736	202	20	chinese	chinese	ADJ
dem-11736	202	21	economy	economy	NOUN
dem-11736	202	22	is	be	AUX
dem-11736	202	23	still	still	ADV
dem-11736	202	24	dominating	dominate	VERB
dem-11736	202	25	although	although	SCONJ
dem-11736	202	26	it	it	PRON
dem-11736	202	27	started	start	VERB
dem-11736	202	28	to	to	PART
dem-11736	202	29	decline	decline	VERB
dem-11736	202	30	after	after	ADP
dem-11736	202	31	2012	2012	NUM
dem-11736	202	32	.	.	PUNCT
dem-11736	203	1	the	the	DET
dem-11736	203	2	opposite	opposite	ADJ
dem-11736	203	3	tendency	tendency	NOUN
dem-11736	203	4	can	can	AUX
dem-11736	203	5	be	be	AUX
dem-11736	203	6	noticed	notice	VERB
dem-11736	203	7	for	for	ADP
dem-11736	203	8	india	india	PROPN
dem-11736	203	9	.	.	PUNCT
dem-11736	204	1	indonesia	indonesia	PROPN
dem-11736	204	2	’s	’s	PART
dem-11736	204	3	growth	growth	NOUN
dem-11736	204	4	seems	seem	VERB
dem-11736	204	5	to	to	PART
dem-11736	204	6	be	be	AUX
dem-11736	204	7	stable	stable	ADJ
dem-11736	204	8	over	over	ADP
dem-11736	204	9	the	the	DET
dem-11736	204	10	decade	decade	NOUN
dem-11736	204	11	.	.	PUNCT
dem-11736	205	1	mexico	mexico	PROPN
dem-11736	205	2	,	,	PUNCT
dem-11736	205	3	turkey	turkey	PROPN
dem-11736	205	4	,	,	PUNCT
dem-11736	205	5	brazil	brazil	PROPN
dem-11736	205	6	and	and	CCONJ
dem-11736	205	7	russia	russia	PROPN
dem-11736	205	8	suffered	suffer	VERB
dem-11736	205	9	hard	hard	ADV
dem-11736	205	10	from	from	ADP
dem-11736	205	11	the	the	DET
dem-11736	205	12	recession	recession	NOUN
dem-11736	205	13	in	in	ADP
dem-11736	205	14	2009	2009	NUM
dem-11736	205	15	,	,	PUNCT
dem-11736	205	16	but	but	CCONJ
dem-11736	205	17	mexico	mexico	PROPN
dem-11736	205	18	seems	seem	VERB
dem-11736	205	19	to	to	PART
dem-11736	205	20	be	be	AUX
dem-11736	205	21	the	the	DET
dem-11736	205	22	most	most	ADV
dem-11736	205	23	promising	promising	ADJ
dem-11736	205	24	for	for	ADP
dem-11736	205	25	the	the	DET
dem-11736	205	26	future	future	NOUN
dem-11736	205	27	.	.	PUNCT
dem-11736	206	1	the	the	DET
dem-11736	206	2	data	datum	NOUN
dem-11736	206	3	suggest	suggest	VERB
dem-11736	206	4	that	that	SCONJ
dem-11736	206	5	so	so	ADV
dem-11736	206	6	called	call	VERB
dem-11736	206	7	“	"	PUNCT
dem-11736	206	8	bric	bric	PROPN
dem-11736	206	9	group	group	PROPN
dem-11736	206	10	”	"	PUNCT
dem-11736	206	11	that	that	PRON
dem-11736	206	12	was	be	AUX
dem-11736	206	13	considered	consider	VERB
dem-11736	206	14	a	a	DET
dem-11736	206	15	new	new	ADJ
dem-11736	206	16	economic	economic	ADJ
dem-11736	206	17	body	body	NOUN
dem-11736	206	18	at	at	ADP
dem-11736	206	19	the	the	DET
dem-11736	206	20	beginning	beginning	NOUN
dem-11736	206	21	of	of	ADP
dem-11736	206	22	xxi	xxi	ADJ
dem-11736	206	23	century	century	NOUN
dem-11736	206	24	is	be	AUX
dem-11736	206	25	no	no	ADV
dem-11736	206	26	longer	long	ADV
dem-11736	206	27	the	the	DET
dem-11736	206	28	case	case	NOUN
dem-11736	206	29	and	and	CCONJ
dem-11736	206	30	other	other	ADJ
dem-11736	206	31	developing	develop	VERB
dem-11736	206	32	countries	country	NOUN
dem-11736	206	33	try	try	VERB
dem-11736	206	34	to	to	PART
dem-11736	206	35	move	move	VERB
dem-11736	206	36	from	from	ADP
dem-11736	206	37	peripheries	periphery	NOUN
dem-11736	206	38	to	to	ADP
dem-11736	206	39	the	the	DET
dem-11736	206	40	center	center	NOUN
dem-11736	206	41	.	.	PUNCT
dem-11736	207	1	on	on	ADP
dem-11736	207	2	the	the	DET
dem-11736	207	3	opposite	opposite	ADJ
dem-11736	207	4	side	side	NOUN
dem-11736	207	5	–	–	PUNCT
dem-11736	207	6	developed	develop	VERB
dem-11736	207	7	financial	financial	ADJ
dem-11736	207	8	markets	market	NOUN
dem-11736	207	9	are	be	AUX
dem-11736	207	10	represented	represent	VERB
dem-11736	207	11	by	by	ADP
dem-11736	207	12	traditional	traditional	ADJ
dem-11736	207	13	markets	market	NOUN
dem-11736	207	14	such	such	ADJ
dem-11736	207	15	as	as	ADP
dem-11736	207	16	the	the	DET
dem-11736	207	17	usa	usa	PROPN
dem-11736	207	18	,	,	PUNCT
dem-11736	207	19	the	the	DET
dem-11736	207	20	great	great	ADJ
dem-11736	207	21	britain	britain	PROPN
dem-11736	207	22	,	,	PUNCT
dem-11736	207	23	germany	germany	PROPN
dem-11736	207	24	,	,	PUNCT
dem-11736	207	25	france	france	PROPN
dem-11736	207	26	,	,	PUNCT
dem-11736	207	27	switzerland	switzerland	PROPN
dem-11736	207	28	and	and	CCONJ
dem-11736	207	29	australia	australia	PROPN
dem-11736	207	30	that	that	PRON
dem-11736	207	31	was	be	AUX
dem-11736	207	32	completed	complete	VERB
dem-11736	207	33	by	by	ADP
dem-11736	207	34	relatively	relatively	ADV
dem-11736	207	35	new	new	ADJ
dem-11736	207	36	but	but	CCONJ
dem-11736	207	37	mature	mature	ADJ
dem-11736	207	38	markets	market	NOUN
dem-11736	207	39	from	from	ADP
dem-11736	207	40	far	far	PROPN
dem-11736	207	41	east	east	PROPN
dem-11736	207	42	asia	asia	PROPN
dem-11736	207	43	such	such	ADJ
dem-11736	207	44	as	as	ADP
dem-11736	207	45	hong	hong	PROPN
dem-11736	207	46	kong	kong	PROPN
dem-11736	207	47	and	and	CCONJ
dem-11736	207	48	south	south	PROPN
dem-11736	207	49	korea	korea	PROPN
dem-11736	207	50	.	.	PUNCT
dem-11736	208	1	in	in	ADP
dem-11736	208	2	the	the	DET
dem-11736	208	3	paper	paper	NOUN
dem-11736	208	4	we	we	PRON
dem-11736	208	5	took	take	VERB
dem-11736	208	6	into	into	ADP
dem-11736	208	7	account	account	NOUN
dem-11736	208	8	the	the	DET
dem-11736	208	9	linkages	linkage	NOUN
dem-11736	208	10	between	between	ADP
dem-11736	208	11	stock	stock	NOUN
dem-11736	208	12	markets	market	NOUN
dem-11736	208	13	from	from	ADP
dem-11736	208	14	different	different	ADJ
dem-11736	208	15	continents	continent	NOUN
dem-11736	208	16	so	so	ADV
dem-11736	208	17	north	north	ADJ
dem-11736	208	18	and	and	CCONJ
dem-11736	208	19	latin	latin	ADJ
dem-11736	208	20	americas	americas	PROPN
dem-11736	208	21	,	,	PUNCT
dem-11736	208	22	asia	asia	PROPN
dem-11736	208	23	,	,	PUNCT
dem-11736	208	24	australia	australia	PROPN
dem-11736	208	25	and	and	CCONJ
dem-11736	208	26	europe	europe	PROPN
dem-11736	208	27	are	be	AUX
dem-11736	208	28	2	2	NUM
dem-11736	208	29	source	source	NOUN
dem-11736	208	30	:	:	PUNCT
dem-11736	208	31	based	base	VERB
dem-11736	208	32	on	on	ADP
dem-11736	208	33	international	international	ADJ
dem-11736	208	34	monetary	monetary	ADJ
dem-11736	208	35	fund	fund	NOUN
dem-11736	208	36	data	datum	NOUN
dem-11736	208	37	.	.	PUNCT
dem-11736	209	1	-10	-10	PUNCT
dem-11736	210	1	-5	-5	PUNCT
dem-11736	211	1	0	0	NUM
dem-11736	211	2	5	5	NUM
dem-11736	211	3	10	10	NUM
dem-11736	211	4	15	15	NUM
dem-11736	211	5	20	20	NUM
dem-11736	211	6	2006	2006	NUM
dem-11736	211	7	2007	2007	NUM
dem-11736	211	8	2008	2008	NUM
dem-11736	211	9	2009	2009	NUM
dem-11736	211	10	2010	2010	NUM
dem-11736	211	11	2011	2011	NUM
dem-11736	211	12	2012	2012	NUM
dem-11736	211	13	2013	2013	NUM
dem-11736	211	14	2014	2014	NUM
dem-11736	211	15	2015	2015	NUM
dem-11736	211	16	china	china	PROPN
dem-11736	211	17	india	india	PROPN
dem-11736	211	18	indonesia	indonesia	PROPN
dem-11736	211	19	turkey	turkey	PROPN
dem-11736	211	20	russia	russia	PROPN
dem-11736	211	21	mexico	mexico	PROPN
dem-11736	211	22	brazil	brazil	PROPN
dem-11736	211	23	marcin	marcin	PROPN
dem-11736	211	24	fałdziński	fałdziński	VERB
dem-11736	211	25	,	,	PUNCT
dem-11736	211	26	magdalena	magdalena	PROPN
dem-11736	211	27	osińska	osińska	PROPN
dem-11736	211	28	dynamic	dynamic	ADJ
dem-11736	211	29	econometric	econometric	ADJ
dem-11736	211	30	models	model	NOUN
dem-11736	211	31	16	16	NUM
dem-11736	211	32	(	(	PUNCT
dem-11736	211	33	2016	2016	NUM
dem-11736	211	34	)	)	PUNCT
dem-11736	211	35	21–35	21–35	NUM
dem-11736	211	36	28	28	NUM
dem-11736	211	37	represented	represent	VERB
dem-11736	211	38	.	.	PUNCT
dem-11736	212	1	such	such	DET
dem-11736	212	2	a	a	DET
dem-11736	212	3	selection	selection	NOUN
dem-11736	212	4	does	do	AUX
dem-11736	212	5	not	not	PART
dem-11736	212	6	cover	cover	VERB
dem-11736	212	7	all	all	DET
dem-11736	212	8	possible	possible	ADJ
dem-11736	212	9	linkages	linkage	NOUN
dem-11736	212	10	but	but	CCONJ
dem-11736	212	11	allows	allow	VERB
dem-11736	212	12	answering	answer	VERB
dem-11736	212	13	the	the	DET
dem-11736	212	14	question	question	NOUN
dem-11736	212	15	of	of	ADP
dem-11736	212	16	direction	direction	NOUN
dem-11736	212	17	of	of	ADP
dem-11736	212	18	capital	capital	NOUN
dem-11736	212	19	transfers	transfer	NOUN
dem-11736	212	20	in	in	ADP
dem-11736	212	21	both	both	DET
dem-11736	212	22	periods	period	NOUN
dem-11736	212	23	:	:	PUNCT
dem-11736	212	24	the	the	DET
dem-11736	212	25	bullish	bullish	ADJ
dem-11736	212	26	and	and	CCONJ
dem-11736	212	27	the	the	DET
dem-11736	212	28	bearish	bearish	ADJ
dem-11736	212	29	markets	market	NOUN
dem-11736	212	30	.	.	PUNCT
dem-11736	213	1	big	big	ADJ
dem-11736	213	2	(	(	PUNCT
dem-11736	213	3	and	and	CCONJ
dem-11736	213	4	often	often	ADV
dem-11736	213	5	negative	negative	ADJ
dem-11736	213	6	)	)	PUNCT
dem-11736	213	7	shocks	shock	NOUN
dem-11736	213	8	in	in	ADP
dem-11736	213	9	the	the	DET
dem-11736	213	10	financial	financial	ADJ
dem-11736	213	11	market	market	NOUN
dem-11736	213	12	are	be	AUX
dem-11736	213	13	usually	usually	ADV
dem-11736	213	14	perceived	perceive	VERB
dem-11736	213	15	negatively	negatively	ADV
dem-11736	213	16	by	by	ADP
dem-11736	213	17	all	all	DET
dem-11736	213	18	groups	group	NOUN
dem-11736	213	19	of	of	ADP
dem-11736	213	20	investors	investor	NOUN
dem-11736	213	21	,	,	PUNCT
dem-11736	213	22	market	market	NOUN
dem-11736	213	23	makers	maker	NOUN
dem-11736	213	24	and	and	CCONJ
dem-11736	213	25	supervisors	supervisor	NOUN
dem-11736	213	26	.	.	PUNCT
dem-11736	214	1	they	they	PRON
dem-11736	214	2	may	may	AUX
dem-11736	214	3	be	be	AUX
dem-11736	214	4	due	due	ADJ
dem-11736	214	5	to	to	ADP
dem-11736	214	6	:	:	PUNCT
dem-11736	214	7	huge	huge	ADJ
dem-11736	214	8	market	market	NOUN
dem-11736	214	9	uncertainty	uncertainty	NOUN
dem-11736	214	10	,	,	PUNCT
dem-11736	214	11	policy	policy	NOUN
dem-11736	214	12	changes	change	NOUN
dem-11736	214	13	,	,	PUNCT
dem-11736	214	14	unpredicted	unpredicted	ADJ
dem-11736	214	15	information	information	NOUN
dem-11736	214	16	,	,	PUNCT
dem-11736	214	17	speculative	speculative	ADJ
dem-11736	214	18	attacks	attack	NOUN
dem-11736	214	19	,	,	PUNCT
dem-11736	214	20	and	and	CCONJ
dem-11736	214	21	transfers	transfer	NOUN
dem-11736	214	22	from	from	ADP
dem-11736	214	23	other	other	ADJ
dem-11736	214	24	markets	market	NOUN
dem-11736	214	25	.	.	PUNCT
dem-11736	215	1	sometime	sometime	ADV
dem-11736	215	2	many	many	ADJ
dem-11736	215	3	causes	cause	NOUN
dem-11736	215	4	may	may	AUX
dem-11736	215	5	act	act	VERB
dem-11736	215	6	simultaneously	simultaneously	ADV
dem-11736	215	7	.	.	PUNCT
dem-11736	216	1	some	some	PRON
dem-11736	216	2	of	of	ADP
dem-11736	216	3	them	they	PRON
dem-11736	216	4	may	may	AUX
dem-11736	216	5	cause	cause	VERB
dem-11736	216	6	extreme	extreme	ADJ
dem-11736	216	7	changes	change	NOUN
dem-11736	216	8	in	in	ADP
dem-11736	216	9	values	value	NOUN
dem-11736	216	10	of	of	ADP
dem-11736	216	11	losses	loss	NOUN
dem-11736	216	12	(	(	PUNCT
dem-11736	216	13	and/or	and/or	CCONJ
dem-11736	216	14	profits	profit	NOUN
dem-11736	216	15	)	)	PUNCT
dem-11736	216	16	.	.	PUNCT
dem-11736	217	1	in	in	ADP
dem-11736	217	2	general	general	ADJ
dem-11736	217	3	the	the	DET
dem-11736	217	4	process	process	NOUN
dem-11736	217	5	of	of	ADP
dem-11736	217	6	globalization	globalization	NOUN
dem-11736	217	7	caused	cause	VERB
dem-11736	217	8	that	that	SCONJ
dem-11736	217	9	the	the	DET
dem-11736	217	10	financial	financial	ADJ
dem-11736	217	11	markets	market	NOUN
dem-11736	217	12	seem	seem	VERB
dem-11736	217	13	to	to	PART
dem-11736	217	14	act	act	VERB
dem-11736	217	15	in	in	ADP
dem-11736	217	16	the	the	DET
dem-11736	217	17	same	same	ADJ
dem-11736	217	18	way	way	NOUN
dem-11736	217	19	;	;	PUNCT
dem-11736	217	20	they	they	PRON
dem-11736	217	21	are	be	AUX
dem-11736	217	22	linked	link	VERB
dem-11736	217	23	.	.	PUNCT
dem-11736	218	1	it	it	PRON
dem-11736	218	2	is	be	AUX
dem-11736	218	3	interesting	interesting	ADJ
dem-11736	218	4	that	that	SCONJ
dem-11736	218	5	little	little	ADJ
dem-11736	218	6	attention	attention	NOUN
dem-11736	218	7	is	be	AUX
dem-11736	218	8	paid	pay	VERB
dem-11736	218	9	to	to	ADP
dem-11736	218	10	the	the	DET
dem-11736	218	11	big	big	ADJ
dem-11736	218	12	and	and	CCONJ
dem-11736	218	13	positive	positive	ADJ
dem-11736	218	14	changes	change	NOUN
dem-11736	218	15	in	in	ADP
dem-11736	218	16	financial	financial	ADJ
dem-11736	218	17	markets	market	NOUN
dem-11736	218	18	.	.	PUNCT
dem-11736	219	1	however	however	ADV
dem-11736	219	2	in	in	ADP
dem-11736	219	3	the	the	DET
dem-11736	219	4	literature	literature	NOUN
dem-11736	219	5	one	one	PRON
dem-11736	219	6	can	can	AUX
dem-11736	219	7	find	find	VERB
dem-11736	219	8	several	several	ADJ
dem-11736	219	9	individual	individual	ADJ
dem-11736	219	10	cases	case	NOUN
dem-11736	219	11	of	of	ADP
dem-11736	219	12	little	little	ADJ
dem-11736	219	13	linkages	linkage	NOUN
dem-11736	219	14	between	between	ADP
dem-11736	219	15	different	different	ADJ
dem-11736	219	16	markets	market	NOUN
dem-11736	219	17	.	.	PUNCT
dem-11736	220	1	for	for	ADP
dem-11736	220	2	example	example	NOUN
dem-11736	220	3	china	china	PROPN
dem-11736	220	4	during	during	ADP
dem-11736	220	5	asian	asian	ADJ
dem-11736	220	6	crisis	crisis	NOUN
dem-11736	220	7	1997–1998	1997–1998	NUM
dem-11736	220	8	was	be	AUX
dem-11736	220	9	an	an	DET
dem-11736	220	10	example	example	NOUN
dem-11736	220	11	of	of	ADP
dem-11736	220	12	completely	completely	ADV
dem-11736	220	13	separated	separate	VERB
dem-11736	220	14	market	market	NOUN
dem-11736	220	15	that	that	PRON
dem-11736	220	16	was	be	AUX
dem-11736	220	17	analyzed	analyze	VERB
dem-11736	220	18	by	by	ADP
dem-11736	220	19	lardy	lardy	ADJ
dem-11736	220	20	(	(	PUNCT
dem-11736	220	21	1998	1998	NUM
dem-11736	220	22	)	)	PUNCT
dem-11736	220	23	.	.	PUNCT
dem-11736	221	1	on	on	ADP
dem-11736	221	2	the	the	DET
dem-11736	221	3	other	other	ADJ
dem-11736	221	4	hand	hand	NOUN
dem-11736	221	5	,	,	PUNCT
dem-11736	221	6	when	when	SCONJ
dem-11736	221	7	markets	market	NOUN
dem-11736	221	8	are	be	AUX
dem-11736	221	9	related	relate	VERB
dem-11736	221	10	it	it	PRON
dem-11736	221	11	can	can	AUX
dem-11736	221	12	be	be	AUX
dem-11736	221	13	expected	expect	VERB
dem-11736	221	14	to	to	PART
dem-11736	221	15	transfer	transfer	VERB
dem-11736	221	16	from	from	ADP
dem-11736	221	17	one	one	NUM
dem-11736	221	18	market	market	NOUN
dem-11736	221	19	to	to	ADP
dem-11736	221	20	another	another	PRON
dem-11736	221	21	like	like	ADP
dem-11736	221	22	in	in	ADP
dem-11736	221	23	the	the	DET
dem-11736	221	24	period	period	NOUN
dem-11736	221	25	2007–2009	2007–2009	NUM
dem-11736	221	26	between	between	ADP
dem-11736	221	27	usa	usa	PROPN
dem-11736	221	28	and	and	CCONJ
dem-11736	221	29	europe	europe	PROPN
dem-11736	221	30	.	.	PUNCT
dem-11736	222	1	risk	risk	NOUN
dem-11736	222	2	can	can	AUX
dem-11736	222	3	be	be	AUX
dem-11736	222	4	generated	generate	VERB
dem-11736	222	5	locally	locally	ADV
dem-11736	222	6	or	or	CCONJ
dem-11736	222	7	take	take	VERB
dem-11736	222	8	the	the	DET
dem-11736	222	9	specific	specific	ADJ
dem-11736	222	10	form	form	NOUN
dem-11736	222	11	like	like	SCONJ
dem-11736	222	12	it	it	PRON
dem-11736	222	13	was	be	AUX
dem-11736	222	14	in	in	ADP
dem-11736	222	15	1997	1997	NUM
dem-11736	222	16	between	between	ADP
dem-11736	222	17	japan	japan	PROPN
dem-11736	222	18	and	and	CCONJ
dem-11736	222	19	usa	usa	PROPN
dem-11736	222	20	(	(	PUNCT
dem-11736	222	21	see	see	NOUN
dem-11736	222	22	:	:	PUNCT
dem-11736	222	23	peek	peek	NOUN
dem-11736	222	24	and	and	CCONJ
dem-11736	222	25	rosengren	rosengren	PROPN
dem-11736	222	26	,	,	PUNCT
dem-11736	222	27	1997	1997	NUM
dem-11736	222	28	)	)	PUNCT
dem-11736	222	29	.	.	PUNCT
dem-11736	223	1	to	to	PART
dem-11736	223	2	answer	answer	VERB
dem-11736	223	3	the	the	DET
dem-11736	223	4	question	question	NOUN
dem-11736	223	5	of	of	ADP
dem-11736	223	6	risk	risk	NOUN
dem-11736	223	7	transfer	transfer	NOUN
dem-11736	223	8	between	between	ADP
dem-11736	223	9	emerging	emerge	VERB
dem-11736	223	10	and	and	CCONJ
dem-11736	223	11	mature	mature	ADJ
dem-11736	223	12	markets	market	NOUN
dem-11736	223	13	we	we	PRON
dem-11736	223	14	used	use	VERB
dem-11736	223	15	daily	daily	ADJ
dem-11736	223	16	data	datum	NOUN
dem-11736	223	17	from	from	ADP
dem-11736	223	18	the	the	DET
dem-11736	223	19	period	period	NOUN
dem-11736	223	20	03.01.2010–02.01.2015	03.01.2010–02.01.2015	NUM
dem-11736	223	21	(	(	PUNCT
dem-11736	223	22	t=1260	t=1260	PROPN
dem-11736	223	23	observations	observation	NOUN
dem-11736	223	24	)	)	PUNCT
dem-11736	223	25	.	.	PUNCT
dem-11736	224	1	the	the	DET
dem-11736	224	2	log	log	NOUN
dem-11736	224	3	returns	return	NOUN
dem-11736	224	4	has	have	AUX
dem-11736	224	5	been	be	AUX
dem-11736	224	6	used	use	VERB
dem-11736	224	7	for	for	ADP
dem-11736	224	8	calculations	calculation	NOUN
dem-11736	224	9	in	in	ADP
dem-11736	224	10	the	the	DET
dem-11736	224	11	form	form	NOUN
dem-11736	224	12	:	:	PUNCT
dem-11736	224	13			NOUN
dem-11736	224	14	1100	1100	PUNCT
dem-11736	224	15	ln	ln	ADJ
dem-11736	224	16	(	(	PUNCT
dem-11736	224	17	)	)	PUNCT
dem-11736	224	18	ln	ln	ADJ
dem-11736	224	19	(	(	PUNCT
dem-11736	224	20	)	)	PUNCT
dem-11736	224	21	t	t	NOUN
dem-11736	224	22	t	t	PROPN
dem-11736	224	23	tr	tr	VERB
dem-11736	224	24	p	p	NOUN
dem-11736	224	25	p	p	NOUN
dem-11736	224	26			NOUN
dem-11736	224	27	,	,	PUNCT
dem-11736	224	28	while	while	SCONJ
dem-11736	224	29	testing	test	VERB
dem-11736	224	30	for	for	ADP
dem-11736	224	31	granger	granger	PROPN
dem-11736	224	32	causality	causality	PROPN
dem-11736	224	33	in	in	ADP
dem-11736	224	34	risk	risk	NOUN
dem-11736	224	35	we	we	PRON
dem-11736	224	36	have	have	AUX
dem-11736	224	37	used	use	VERB
dem-11736	224	38	different	different	ADJ
dem-11736	224	39	lags	lag	NOUN
dem-11736	225	1	5,10,15,25l	5,10,15,25l	NUM
dem-11736	225	2			NUM
dem-11736	226	1	and	and	CCONJ
dem-11736	226	2	we	we	PRON
dem-11736	226	3	obtained	obtain	VERB
dem-11736	226	4	p	p	NOUN
dem-11736	226	5	-	-	PUNCT
dem-11736	226	6	values	value	NOUN
dem-11736	226	7	using	use	VERB
dem-11736	226	8	monte	monte	PROPN
dem-11736	226	9	carlo	carlo	PROPN
dem-11736	226	10	simulations	simulation	NOUN
dem-11736	226	11	(	(	PUNCT
dem-11736	226	12	dufour	dufour	NOUN
dem-11736	226	13	,	,	PUNCT
dem-11736	226	14	2006	2006	NUM
dem-11736	226	15	)	)	PUNCT
dem-11736	226	16	,	,	PUNCT
dem-11736	226	17	having	have	VERB
dem-11736	226	18	assuming	assume	VERB
dem-11736	226	19	1000	1000	NUM
dem-11736	226	20	repetitions	repetition	NOUN
dem-11736	226	21	.	.	PUNCT
dem-11736	227	1	in	in	ADP
dem-11736	227	2	figure	figure	NOUN
dem-11736	227	3	2	2	NUM
dem-11736	227	4	the	the	DET
dem-11736	227	5	comparison	comparison	NOUN
dem-11736	227	6	of	of	ADP
dem-11736	227	7	var	var	NOUN
dem-11736	227	8	breaks	break	NOUN
dem-11736	227	9	’	'	PUNCT
dem-11736	227	10	computed	compute	VERB
dem-11736	227	11	with	with	ADP
dem-11736	227	12	different	different	ADJ
dem-11736	227	13	volatility	volatility	NOUN
dem-11736	227	14	estimators	estimator	NOUN
dem-11736	227	15	basing	base	VERB
dem-11736	227	16	on	on	ADP
dem-11736	227	17	dax	dax	PROPN
dem-11736	227	18	returns	return	NOUN
dem-11736	227	19	is	be	AUX
dem-11736	227	20	shown	show	VERB
dem-11736	227	21	.	.	PUNCT
dem-11736	228	1	one	one	PRON
dem-11736	228	2	can	can	AUX
dem-11736	228	3	notice	notice	VERB
dem-11736	228	4	that	that	SCONJ
dem-11736	228	5	the	the	DET
dem-11736	228	6	highest	high	ADJ
dem-11736	228	7	values	value	NOUN
dem-11736	228	8	are	be	AUX
dem-11736	228	9	indicated	indicate	VERB
dem-11736	228	10	by	by	ADP
dem-11736	228	11	garman	garman	PROPN
dem-11736	228	12	,	,	PUNCT
dem-11736	228	13	klass	klass	PROPN
dem-11736	228	14	,	,	PUNCT
dem-11736	228	15	yang	yang	PROPN
dem-11736	228	16	and	and	CCONJ
dem-11736	228	17	zhang	zhang	PROPN
dem-11736	228	18	estimator	estimator	PROPN
dem-11736	228	19	.	.	PUNCT
dem-11736	229	1	in	in	ADP
dem-11736	229	2	figure	figure	NOUN
dem-11736	229	3	3	3	NUM
dem-11736	229	4	the	the	DET
dem-11736	229	5	results	result	NOUN
dem-11736	229	6	of	of	ADP
dem-11736	229	7	the	the	DET
dem-11736	229	8	latter	latter	ADJ
dem-11736	229	9	are	be	AUX
dem-11736	229	10	compared	compare	VERB
dem-11736	229	11	with	with	ADP
dem-11736	229	12	the	the	DET
dem-11736	229	13	ar(1)-garch(1,1	ar(1)-garch(1,1	PROPN
dem-11736	229	14	)	)	PUNCT
dem-11736	229	15	with	with	ADP
dem-11736	229	16	pot	pot	NOUN
dem-11736	229	17	model	model	NOUN
dem-11736	229	18	.	.	PUNCT
dem-11736	230	1	in	in	ADP
dem-11736	230	2	the	the	DET
dem-11736	230	3	cases	case	NOUN
dem-11736	230	4	of	of	ADP
dem-11736	230	5	shocks	shock	NOUN
dem-11736	230	6	the	the	DET
dem-11736	230	7	ar(1)-garch(1,1	ar(1)-garch(1,1	PROPN
dem-11736	230	8	)	)	PUNCT
dem-11736	230	9	with	with	ADP
dem-11736	230	10	pot	pot	NOUN
dem-11736	230	11	seem	seem	VERB
dem-11736	230	12	to	to	PART
dem-11736	230	13	perform	perform	VERB
dem-11736	230	14	better	well	ADV
dem-11736	230	15	.	.	PUNCT
dem-11736	231	1	volatility	volatility	NOUN
dem-11736	231	2	estimators	estimator	NOUN
dem-11736	231	3	in	in	ADP
dem-11736	231	4	econometric	econometric	ADJ
dem-11736	231	5	analysis	analysis	NOUN
dem-11736	231	6	of	of	ADP
dem-11736	231	7	risk	risk	NOUN
dem-11736	231	8	transfer	transfer	NOUN
dem-11736	231	9	on	on	ADP
dem-11736	231	10	capital	capital	NOUN
dem-11736	231	11	markets	market	NOUN
dem-11736	231	12	dynamic	dynamic	ADJ
dem-11736	231	13	econometric	econometric	ADJ
dem-11736	231	14	models	model	NOUN
dem-11736	231	15	16	16	NUM
dem-11736	231	16	(	(	PUNCT
dem-11736	231	17	2016	2016	NUM
dem-11736	231	18	)	)	PUNCT
dem-11736	231	19	21–35	21–35	NUM
dem-11736	231	20	29	29	NUM
dem-11736	231	21	figure	figure	NOUN
dem-11736	231	22	2	2	NUM
dem-11736	231	23	.	.	PUNCT
dem-11736	231	24	vars	var	NOUN
dem-11736	231	25	computed	compute	VERB
dem-11736	231	26	with	with	ADP
dem-11736	231	27	different	different	ADJ
dem-11736	231	28	volatility	volatility	NOUN
dem-11736	231	29	estimators	estimator	NOUN
dem-11736	231	30	basing	base	VERB
dem-11736	231	31	on	on	ADP
dem-11736	231	32	dax	dax	PROPN
dem-11736	231	33	returns	return	NOUN
dem-11736	231	34	figure	figure	VERB
dem-11736	231	35	3	3	NUM
dem-11736	231	36	.	.	PUNCT
dem-11736	231	37	vars	var	NOUN
dem-11736	231	38	computed	compute	VERB
dem-11736	231	39	with	with	ADP
dem-11736	231	40	garch	garch	NOUN
dem-11736	231	41	-	-	PUNCT
dem-11736	231	42	pot	pot	NOUN
dem-11736	231	43	method	method	NOUN
dem-11736	231	44	and	and	CCONJ
dem-11736	231	45	garman	garman	PROPN
dem-11736	231	46	-	-	PUNCT
dem-11736	231	47	klass	klass	PROPN
dem-11736	231	48	-	-	PUNCT
dem-11736	231	49	yangzhang	yangzhang	PROPN
dem-11736	231	50	volatility	volatility	NOUN
dem-11736	231	51	estimator	estimator	NOUN
dem-11736	231	52	basing	base	VERB
dem-11736	231	53	on	on	ADP
dem-11736	231	54	dax	dax	PROPN
dem-11736	231	55	returns	return	NOUN
dem-11736	232	1	-6	-6	PROPN
dem-11736	232	2	-4	-4	INTJ
dem-11736	233	1	-2	-2	NOUN
dem-11736	233	2	0	0	NUM
dem-11736	234	1	2	2	NUM
dem-11736	234	2	4	4	NUM
dem-11736	234	3	6	6	NUM
dem-11736	234	4	10	10	NUM
dem-11736	234	5	-1	-1	SYM
dem-11736	234	6	520	520	NUM
dem-11736	234	7	10	10	NUM
dem-11736	234	8	11	11	NUM
dem-11736	234	9	-1	-1	SYM
dem-11736	235	1	520	520	NUM
dem-11736	235	2	10	10	NUM
dem-11736	235	3	12	12	NUM
dem-11736	235	4	-1	-1	SYM
dem-11736	235	5	520	520	NUM
dem-11736	235	6	10	10	NUM
dem-11736	235	7	115	115	NUM
dem-11736	235	8	-2	-2	NOUN
dem-11736	235	9	01	01	NUM
dem-11736	235	10	1	1	NUM
dem-11736	235	11	215	215	NUM
dem-11736	235	12	-2	-2	NOUN
dem-11736	235	13	01	01	NUM
dem-11736	235	14	1	1	NUM
dem-11736	235	15	315	315	NUM
dem-11736	235	16	-2	-2	NOUN
dem-11736	235	17	01	01	NUM
dem-11736	235	18	1	1	NUM
dem-11736	235	19	415	415	NUM
dem-11736	235	20	-2	-2	NOUN
dem-11736	235	21	01	01	NUM
dem-11736	235	22	1	1	NUM
dem-11736	235	23	515	515	NUM
dem-11736	235	24	-2	-2	NOUN
dem-11736	235	25	01	01	NUM
dem-11736	235	26	1	1	NUM
dem-11736	235	27	615	615	NUM
dem-11736	235	28	-2	-2	NOUN
dem-11736	235	29	01	01	NUM
dem-11736	235	30	1	1	NUM
dem-11736	235	31	715	715	NUM
dem-11736	235	32	-2	-2	NOUN
dem-11736	235	33	01	01	NUM
dem-11736	235	34	1	1	NUM
dem-11736	235	35	815	815	NUM
dem-11736	235	36	-2	-2	NOUN
dem-11736	235	37	01	01	NUM
dem-11736	235	38	1	1	NUM
dem-11736	235	39	915	915	NUM
dem-11736	235	40	-2	-2	NOUN
dem-11736	235	41	01	01	NUM
dem-11736	235	42	1	1	NUM
dem-11736	235	43	10	10	NUM
dem-11736	235	44	-1	-1	SYM
dem-11736	235	45	520	520	NUM
dem-11736	235	46	11	11	NUM
dem-11736	235	47	11	11	NUM
dem-11736	235	48	-1	-1	SYM
dem-11736	235	49	520	520	NUM
dem-11736	235	50	11	11	NUM
dem-11736	235	51	12	12	NUM
dem-11736	235	52	-1	-1	SYM
dem-11736	235	53	520	520	NUM
dem-11736	235	54	11	11	NUM
dem-11736	235	55	115	115	NUM
dem-11736	235	56	-2	-2	NOUN
dem-11736	235	57	01	01	NUM
dem-11736	235	58	2	2	NUM
dem-11736	235	59	215	215	NUM
dem-11736	235	60	-2	-2	NOUN
dem-11736	235	61	01	01	NUM
dem-11736	235	62	2	2	NUM
dem-11736	235	63	315	315	NUM
dem-11736	235	64	-2	-2	NOUN
dem-11736	235	65	01	01	NUM
dem-11736	235	66	2	2	NUM
dem-11736	235	67	415	415	NUM
dem-11736	235	68	-2	-2	NOUN
dem-11736	235	69	01	01	NUM
dem-11736	235	70	2	2	NUM
dem-11736	235	71	515	515	NUM
dem-11736	235	72	-2	-2	NOUN
dem-11736	235	73	01	01	NUM
dem-11736	235	74	2	2	NUM
dem-11736	235	75	615	615	NUM
dem-11736	235	76	-2	-2	NOUN
dem-11736	235	77	01	01	NUM
dem-11736	235	78	2	2	NUM
dem-11736	235	79	715	715	NUM
dem-11736	235	80	-2	-2	NOUN
dem-11736	235	81	01	01	NUM
dem-11736	235	82	2	2	NUM
dem-11736	235	83	815	815	NUM
dem-11736	235	84	-2	-2	NOUN
dem-11736	235	85	01	01	NUM
dem-11736	235	86	2	2	NUM
dem-11736	235	87	915	915	NUM
dem-11736	235	88	-2	-2	NOUN
dem-11736	235	89	01	01	NUM
dem-11736	235	90	2	2	NUM
dem-11736	235	91	10	10	NUM
dem-11736	235	92	-1	-1	SYM
dem-11736	235	93	520	520	NUM
dem-11736	235	94	12	12	NUM
dem-11736	235	95	11	11	NUM
dem-11736	235	96	-1	-1	SYM
dem-11736	235	97	520	520	NUM
dem-11736	235	98	12	12	NUM
dem-11736	235	99	12	12	NUM
dem-11736	235	100	-1	-1	SYM
dem-11736	235	101	520	520	NUM
dem-11736	235	102	12	12	NUM
dem-11736	235	103	dax	dax	PROPN
dem-11736	235	104	var	var	NOUN
dem-11736	235	105	(	(	PUNCT
dem-11736	235	106	parkinson	parkinson	NOUN
dem-11736	235	107	)	)	PUNCT
dem-11736	235	108	var	var	NOUN
dem-11736	235	109	(	(	PUNCT
dem-11736	235	110	garman	garman	NOUN
dem-11736	235	111	-	-	PUNCT
dem-11736	235	112	klass	klass	PROPN
dem-11736	235	113	)	)	PUNCT
dem-11736	235	114	var	var	NOUN
dem-11736	235	115	(	(	PUNCT
dem-11736	235	116	rogers	rogers	NOUN
dem-11736	235	117	-	-	PUNCT
dem-11736	235	118	sachell	sachell	NOUN
dem-11736	235	119	)	)	PUNCT
dem-11736	235	120	var	var	NOUN
dem-11736	235	121	(	(	PUNCT
dem-11736	235	122	garman	garman	NOUN
dem-11736	235	123	-	-	PUNCT
dem-11736	235	124	klass	klass	PROPN
dem-11736	235	125	-	-	PUNCT
dem-11736	235	126	yang	yang	PROPN
dem-11736	235	127	-	-	PUNCT
dem-11736	235	128	zhang	zhang	PROPN
dem-11736	235	129	)	)	PUNCT
dem-11736	235	130	var	var	PROPN
dem-11736	235	131	(	(	PUNCT
dem-11736	235	132	yang	yang	PROPN
dem-11736	235	133	-	-	PUNCT
dem-11736	235	134	zhang	zhang	PROPN
dem-11736	235	135	)	)	PUNCT
dem-11736	236	1	-8	-8	NOUN
dem-11736	237	1	-6	-6	INTJ
dem-11736	237	2	-4	-4	INTJ
dem-11736	238	1	-2	-2	NOUN
dem-11736	238	2	0	0	NUM
dem-11736	238	3	2	2	NUM
dem-11736	238	4	4	4	NUM
dem-11736	238	5	6	6	NUM
dem-11736	238	6	8	8	NUM
dem-11736	238	7	1420	1420	NUM
dem-11736	238	8	10	10	NUM
dem-11736	238	9	3420	3420	NUM
dem-11736	238	10	10	10	NUM
dem-11736	238	11	5420	5420	NUM
dem-11736	238	12	10	10	NUM
dem-11736	238	13	7420	7420	NUM
dem-11736	238	14	10	10	NUM
dem-11736	238	15	9420	9420	NUM
dem-11736	238	16	10	10	NUM
dem-11736	238	17	11	11	NUM
dem-11736	238	18	-4	-4	INTJ
dem-11736	239	1	-2	-2	NOUN
dem-11736	240	1	01	01	NUM
dem-11736	240	2	0	0	NUM
dem-11736	240	3	1420	1420	NUM
dem-11736	240	4	11	11	NUM
dem-11736	240	5	3420	3420	NUM
dem-11736	240	6	11	11	NUM
dem-11736	240	7	5420	5420	NUM
dem-11736	240	8	11	11	NUM
dem-11736	240	9	7420	7420	NUM
dem-11736	240	10	11	11	NUM
dem-11736	240	11	9420	9420	NUM
dem-11736	240	12	11	11	NUM
dem-11736	240	13	11	11	NUM
dem-11736	240	14	-4	-4	INTJ
dem-11736	240	15	-2	-2	INTJ
dem-11736	240	16	01	01	NUM
dem-11736	240	17	1	1	NUM
dem-11736	240	18	1420	1420	NUM
dem-11736	240	19	12	12	NUM
dem-11736	240	20	3420	3420	NUM
dem-11736	240	21	12	12	NUM
dem-11736	240	22	5420	5420	NUM
dem-11736	240	23	12	12	NUM
dem-11736	240	24	7420	7420	NUM
dem-11736	240	25	12	12	NUM
dem-11736	240	26	9420	9420	NUM
dem-11736	240	27	12	12	NUM
dem-11736	240	28	11	11	NUM
dem-11736	240	29	-4	-4	INTJ
dem-11736	240	30	-2	-2	NOUN
dem-11736	240	31	01	01	NUM
dem-11736	240	32	2	2	NUM
dem-11736	240	33	dax	dax	NOUN
dem-11736	240	34	var	var	NOUN
dem-11736	240	35	(	(	PUNCT
dem-11736	240	36	garch	garch	NOUN
dem-11736	240	37	-	-	PUNCT
dem-11736	240	38	pot	pot	NOUN
dem-11736	240	39	)	)	PUNCT
dem-11736	240	40	var	var	NOUN
dem-11736	240	41	(	(	PUNCT
dem-11736	240	42	garman	garman	NOUN
dem-11736	240	43	-	-	PUNCT
dem-11736	240	44	klass	klass	PROPN
dem-11736	240	45	-	-	PUNCT
dem-11736	240	46	yang	yang	PROPN
dem-11736	240	47	-	-	PUNCT
dem-11736	240	48	zhang	zhang	PROPN
dem-11736	240	49	)	)	PUNCT
dem-11736	240	50	marcin	marcin	PROPN
dem-11736	240	51	fałdziński	fałdziński	VERB
dem-11736	240	52	,	,	PUNCT
dem-11736	240	53	magdalena	magdalena	PROPN
dem-11736	240	54	osińska	osińska	PROPN
dem-11736	240	55	dynamic	dynamic	ADJ
dem-11736	240	56	econometric	econometric	ADJ
dem-11736	240	57	models	model	NOUN
dem-11736	240	58	16	16	NUM
dem-11736	240	59	(	(	PUNCT
dem-11736	240	60	2016	2016	NUM
dem-11736	240	61	)	)	PUNCT
dem-11736	240	62	21–35	21–35	NUM
dem-11736	240	63	30	30	NUM
dem-11736	240	64	a	a	DET
dem-11736	240	65	precise	precise	ADJ
dem-11736	240	66	comparison	comparison	NOUN
dem-11736	240	67	of	of	ADP
dem-11736	240	68	different	different	ADJ
dem-11736	240	69	estimators	estimator	NOUN
dem-11736	240	70	of	of	ADP
dem-11736	240	71	volatility	volatility	NOUN
dem-11736	240	72	was	be	AUX
dem-11736	240	73	presented	present	VERB
dem-11736	240	74	in	in	ADP
dem-11736	240	75	table	table	NOUN
dem-11736	240	76	1	1	NUM
dem-11736	240	77	.	.	PUNCT
dem-11736	241	1	we	we	PRON
dem-11736	241	2	compared	compare	VERB
dem-11736	241	3	the	the	DET
dem-11736	241	4	analyzed	analyze	VERB
dem-11736	241	5	volatility	volatility	NOUN
dem-11736	241	6	estimators	estimator	NOUN
dem-11736	241	7	with	with	ADP
dem-11736	241	8	ar	ar	NOUN
dem-11736	241	9	-	-	NOUN
dem-11736	241	10	garch	garch	NOUN
dem-11736	241	11	,	,	PUNCT
dem-11736	241	12	ar	ar	NOUN
dem-11736	241	13	-	-	ADJ
dem-11736	241	14	garch	garch	NOUN
dem-11736	241	15	-	-	PUNCT
dem-11736	241	16	pot	pot	NOUN
dem-11736	241	17	and	and	CCONJ
dem-11736	241	18	garman	garman	NOUN
dem-11736	241	19	-	-	PUNCT
dem-11736	241	20	klass	klass	PROPN
dem-11736	241	21	-	-	PUNCT
dem-11736	241	22	yang	yang	PROPN
dem-11736	241	23	-	-	PUNCT
dem-11736	241	24	zhang	zhang	PROPN
dem-11736	241	25	with	with	ADP
dem-11736	241	26	pot	pot	NOUN
dem-11736	241	27	using	use	VERB
dem-11736	241	28	seven	seven	NUM
dem-11736	241	29	different	different	ADJ
dem-11736	241	30	loss	loss	NOUN
dem-11736	241	31	functions	function	NOUN
dem-11736	241	32	(	(	PUNCT
dem-11736	241	33	described	describe	VERB
dem-11736	241	34	below	below	ADP
dem-11736	241	35	the	the	DET
dem-11736	241	36	table	table	NOUN
dem-11736	241	37	)	)	PUNCT
dem-11736	241	38	.	.	PUNCT
dem-11736	242	1	the	the	DET
dem-11736	242	2	preferred	preferred	ADJ
dem-11736	242	3	model	model	NOUN
dem-11736	242	4	is	be	AUX
dem-11736	242	5	ar	ar	ADJ
dem-11736	242	6	-	-	ADJ
dem-11736	242	7	garch	garch	NOUN
dem-11736	242	8	-	-	PUNCT
dem-11736	242	9	pot	pot	NOUN
dem-11736	242	10	which	which	PRON
dem-11736	242	11	was	be	AUX
dem-11736	242	12	indicated	indicate	VERB
dem-11736	242	13	in	in	ADP
dem-11736	242	14	4	4	NUM
dem-11736	242	15	cases	case	NOUN
dem-11736	242	16	on	on	ADP
dem-11736	242	17	7	7	NUM
dem-11736	242	18	.	.	NOUN
dem-11736	242	19	twice	twice	DET
dem-11736	242	20	the	the	DET
dem-11736	242	21	garmanklass	garmanklass	PROPN
dem-11736	242	22	-	-	PUNCT
dem-11736	242	23	yang	yang	PROPN
dem-11736	242	24	-	-	PUNCT
dem-11736	242	25	zhang	zhang	PROPN
dem-11736	242	26	with	with	ADP
dem-11736	242	27	pot	pot	NOUN
dem-11736	242	28	was	be	AUX
dem-11736	242	29	indicated	indicate	VERB
dem-11736	242	30	and	and	CCONJ
dem-11736	242	31	once	once	ADV
dem-11736	242	32	the	the	DET
dem-11736	242	33	rogers	roger	NOUN
dem-11736	242	34	-	-	PUNCT
dem-11736	242	35	satchell	satchell	NOUN
dem-11736	242	36	estimator	estimator	NOUN
dem-11736	242	37	.	.	PUNCT
dem-11736	242	38	table	table	NOUN
dem-11736	243	1	1	1	NUM
dem-11736	243	2	.	.	PUNCT
dem-11736	243	3	mean	mean	ADJ
dem-11736	243	4	value	value	NOUN
dem-11736	243	5	of	of	ADP
dem-11736	243	6	the	the	DET
dem-11736	243	7	loss	loss	NOUN
dem-11736	243	8	functions	function	NOUN
dem-11736	243	9	for	for	ADP
dem-11736	243	10	var(0.95	var(0.95	NOUN
dem-11736	243	11	)	)	PUNCT
dem-11736	243	12	method	method	NOUN
dem-11736	243	13	qps	qps	PROPN
dem-11736	244	1	i	i	PROPN
dem-11736	244	2	qps	qps	PROPN
dem-11736	244	3	ii	ii	PROPN
dem-11736	244	4	qps	qps	PROPN
dem-11736	244	5	iii	iii	PROPN
dem-11736	244	6	rlf	rlf	PROPN
dem-11736	244	7	flf	flf	PROPN
dem-11736	244	8	lf	lf	PROPN
dem-11736	244	9	olf	olf	PROPN
dem-11736	244	10	ar	ar	PROPN
dem-11736	244	11	-	-	NOUN
dem-11736	244	12	garch	garch	NOUN
dem-11736	244	13	0.0988	0.0988	NUM
dem-11736	244	14	5.0516	5.0516	NUM
dem-11736	244	15	0.0360	0.0360	NUM
dem-11736	244	16	0.0778	0.0778	NUM
dem-11736	244	17	0.1669	0.1669	NUM
dem-11736	245	1	0.1168	0.1168	NUM
dem-11736	245	2	7.4261	7.4261	NUM
dem-11736	245	3	ar	ar	NOUN
dem-11736	245	4	-	-	PUNCT
dem-11736	245	5	garchpot	garchpot	NOUN
dem-11736	245	6	0.0940	0.0940	NUM
dem-11736	245	7	4.8277	4.8277	NUM
dem-11736	245	8	0.0337	0.0337	NUM
dem-11736	245	9	0.0730	0.0730	NUM
dem-11736	245	10	0.1647	0.1647	NUM
dem-11736	245	11	0.1094	0.1094	NUM
dem-11736	245	12	7.7466	7.7466	NUM
dem-11736	245	13	parkinson	parkinson	NOUN
dem-11736	245	14	0.1619	0.1619	NUM
dem-11736	245	15	4.6296	4.6296	NUM
dem-11736	246	1	0.0698	0.0698	NUM
dem-11736	246	2	0.1028	0.1028	NUM
dem-11736	246	3	0.1719	0.1719	NUM
dem-11736	246	4	0.1642	0.1642	NUM
dem-11736	246	5	5.7280	5.7280	NUM
dem-11736	246	6	rogers	roger	NOUN
dem-11736	246	7	-	-	PUNCT
dem-11736	246	8	satchell	satchell	NOUN
dem-11736	246	9	0.1770	0.1770	NUM
dem-11736	246	10	6.0812	6.0812	NUM
dem-11736	246	11	0.1020	0.1020	NUM
dem-11736	246	12	0.1218	0.1218	NUM
dem-11736	246	13	0.1877	0.1877	NOUN
dem-11736	246	14	0.1916	0.1916	NUM
dem-11736	246	15	5.4615	5.4615	NUM
dem-11736	246	16	garman	garman	NOUN
dem-11736	246	17	-	-	PUNCT
dem-11736	246	18	klass	klass	PROPN
dem-11736	246	19	0.1738	0.1738	NUM
dem-11736	246	20	5.5389	5.5389	NUM
dem-11736	246	21	0.0893	0.0893	NUM
dem-11736	246	22	0.1159	0.1159	NUM
dem-11736	246	23	0.1822	0.1822	NUM
dem-11736	246	24	0.1834	0.1834	NUM
dem-11736	246	25	5.4851	5.4851	NUM
dem-11736	246	26	garman	garman	NOUN
dem-11736	246	27	-	-	PUNCT
dem-11736	246	28	klass	klass	PROPN
dem-11736	246	29	yang	yang	PROPN
dem-11736	246	30	-	-	PUNCT
dem-11736	246	31	zhang	zhang	PROPN
dem-11736	246	32	0.1323	0.1323	NUM
dem-11736	246	33	4.5242	4.5242	NUM
dem-11736	246	34	0.0499	0.0499	NUM
dem-11736	246	35	0.0852	0.0852	NUM
dem-11736	246	36	0.1638	0.1638	NUM
dem-11736	246	37	0.1341	0.1341	NUM
dem-11736	246	38	6.5845	6.5845	NUM
dem-11736	246	39	yang	yang	PROPN
dem-11736	246	40	-	-	PUNCT
dem-11736	246	41	zhang	zhang	PROPN
dem-11736	246	42	0.1979	0.1979	NUM
dem-11736	246	43	6.7888	6.7888	NUM
dem-11736	246	44	0.1331	0.1331	NUM
dem-11736	246	45	0.1386	0.1386	NUM
dem-11736	246	46	0.1991	0.1991	NUM
dem-11736	246	47	0.2180	0.2180	NUM
dem-11736	246	48	5.0100	5.0100	NUM
dem-11736	246	49	garman	garman	NOUN
dem-11736	246	50	-	-	PUNCT
dem-11736	246	51	klassyang	klassyang	PROPN
dem-11736	246	52	-	-	PUNCT
dem-11736	246	53	zhang	zhang	PROPN
dem-11736	246	54	pot	pot	NOUN
dem-11736	246	55	0.1303	0.1303	NUM
dem-11736	246	56	4.3008	4.3008	NUM
dem-11736	246	57	0.0500	0.0500	NUM
dem-11736	246	58	0.0812	0.0812	NUM
dem-11736	246	59	0.1615	0.1615	NUM
dem-11736	246	60	0.1283	0.1283	NUM
dem-11736	246	61	6.8112	6.8112	NUM
dem-11736	246	62	note	note	NOUN
dem-11736	246	63	:	:	PUNCT
dem-11736	246	64	qps	qps	PROPN
dem-11736	246	65	i	i	PRON
dem-11736	246	66	means	mean	VERB
dem-11736	246	67	quadratic	quadratic	ADJ
dem-11736	246	68	probability	probability	NOUN
dem-11736	246	69	score	score	NOUN
dem-11736	246	70	function	function	NOUN
dem-11736	246	71	with	with	ADP
dem-11736	246	72	binary	binary	ADJ
dem-11736	246	73	loss	loss	NOUN
dem-11736	246	74	function	function	NOUN
dem-11736	246	75	(	(	PUNCT
dem-11736	246	76	lopez	lopez	NOUN
dem-11736	246	77	,	,	PUNCT
dem-11736	246	78	1998	1998	NUM
dem-11736	246	79	)	)	PUNCT
dem-11736	246	80	,	,	PUNCT
dem-11736	246	81	qps	qps	PROPN
dem-11736	246	82	ii	ii	PROPN
dem-11736	246	83	means	mean	VERB
dem-11736	246	84	quadratic	quadratic	ADJ
dem-11736	246	85	probability	probability	NOUN
dem-11736	246	86	score	score	NOUN
dem-11736	246	87	function	function	NOUN
dem-11736	246	88	with	with	ADP
dem-11736	246	89	size	size	NOUN
dem-11736	246	90	-	-	PUNCT
dem-11736	246	91	adjusted	adjust	VERB
dem-11736	246	92	loss	loss	NOUN
dem-11736	246	93	function	function	NOUN
dem-11736	246	94	(	(	PUNCT
dem-11736	246	95	lopez	lopez	NOUN
dem-11736	246	96	,	,	PUNCT
dem-11736	246	97	1998	1998	NUM
dem-11736	246	98	)	)	PUNCT
dem-11736	246	99	,	,	PUNCT
dem-11736	246	100	qps	qps	PROPN
dem-11736	246	101	iii	iii	PROPN
dem-11736	246	102	means	mean	VERB
dem-11736	246	103	quadratic	quadratic	ADJ
dem-11736	246	104	probability	probability	NOUN
dem-11736	246	105	score	score	NOUN
dem-11736	246	106	function	function	NOUN
dem-11736	246	107	with	with	ADP
dem-11736	246	108	size	size	NOUN
dem-11736	246	109	loss	loss	NOUN
dem-11736	246	110	function	function	NOUN
dem-11736	246	111	(	(	PUNCT
dem-11736	246	112	blanco	blanco	PROPN
dem-11736	246	113	and	and	CCONJ
dem-11736	246	114	ihle	ihle	ADJ
dem-11736	246	115	,	,	PUNCT
dem-11736	246	116	1998	1998	NUM
dem-11736	246	117	)	)	PUNCT
dem-11736	246	118	,	,	PUNCT
dem-11736	246	119	rlf	rlf	PROPN
dem-11736	246	120	means	mean	VERB
dem-11736	246	121	regulatory	regulatory	ADJ
dem-11736	246	122	loss	loss	NOUN
dem-11736	246	123	function	function	NOUN
dem-11736	246	124	(	(	PUNCT
dem-11736	246	125	sarma	sarma	PROPN
dem-11736	246	126	et	et	NOUN
dem-11736	246	127	al	al	PROPN
dem-11736	246	128	.	.	PROPN
dem-11736	246	129	,	,	PUNCT
dem-11736	246	130	2003	2003	NUM
dem-11736	246	131	)	)	PUNCT
dem-11736	246	132	,	,	PUNCT
dem-11736	246	133	flf	flf	PROPN
dem-11736	246	134	means	mean	VERB
dem-11736	246	135	firm	firm	PROPN
dem-11736	246	136	's	's	PART
dem-11736	246	137	loss	loss	NOUN
dem-11736	246	138	function	function	NOUN
dem-11736	246	139	(	(	PUNCT
dem-11736	246	140	sarma	sarma	PROPN
dem-11736	246	141	et	et	NOUN
dem-11736	246	142	al	al	PROPN
dem-11736	246	143	.	.	PROPN
dem-11736	246	144	,	,	PUNCT
dem-11736	246	145	2003	2003	NUM
dem-11736	246	146	)	)	PUNCT
dem-11736	246	147	with	with	SCONJ
dem-11736	246	148	opportunity	opportunity	NOUN
dem-11736	246	149	cost	cost	NOUN
dem-11736	246	150	of	of	ADP
dem-11736	246	151	capital	capital	NOUN
dem-11736	246	152	equals	equal	VERB
dem-11736	246	153	0.05	0.05	NUM
dem-11736	246	154	,	,	PUNCT
dem-11736	246	155	lf	lf	PROPN
dem-11736	246	156	means	mean	VERB
dem-11736	246	157	loss	loss	NOUN
dem-11736	246	158	function	function	NOUN
dem-11736	246	159	(	(	PUNCT
dem-11736	246	160	angelidis	angelidi	NOUN
dem-11736	246	161	and	and	CCONJ
dem-11736	246	162	degiannakis	degiannaki	NOUN
dem-11736	246	163	,	,	PUNCT
dem-11736	246	164	2006	2006	NUM
dem-11736	246	165	)	)	PUNCT
dem-11736	246	166	and	and	CCONJ
dem-11736	246	167	olf	olf	NOUN
dem-11736	246	168	means	mean	VERB
dem-11736	246	169	overestimation	overestimation	NOUN
dem-11736	246	170	loss	loss	NOUN
dem-11736	246	171	function	function	NOUN
dem-11736	246	172	(	(	PUNCT
dem-11736	246	173	fałdziński	fałdziński	NOUN
dem-11736	246	174	,	,	PUNCT
dem-11736	246	175	2011	2011	NUM
dem-11736	246	176	)	)	PUNCT
dem-11736	246	177	.	.	PUNCT
dem-11736	247	1	the	the	DET
dem-11736	247	2	lowest	low	ADJ
dem-11736	247	3	(	(	PUNCT
dem-11736	247	4	best	good	ADJ
dem-11736	247	5	)	)	PUNCT
dem-11736	247	6	values	value	NOUN
dem-11736	247	7	of	of	ADP
dem-11736	247	8	measures	measure	NOUN
dem-11736	247	9	are	be	AUX
dem-11736	247	10	in	in	ADP
dem-11736	247	11	bold	bold	ADJ
dem-11736	247	12	.	.	PUNCT
dem-11736	248	1	3	3	X
dem-11736	248	2	.	.	X
dem-11736	248	3	causality	causality	NOUN
dem-11736	248	4	in	in	ADP
dem-11736	248	5	risk	risk	NOUN
dem-11736	248	6	between	between	ADP
dem-11736	248	7	emerging	emerge	VERB
dem-11736	248	8	and	and	CCONJ
dem-11736	248	9	developed	developed	ADJ
dem-11736	248	10	markets	market	NOUN
dem-11736	248	11	in	in	ADP
dem-11736	248	12	this	this	DET
dem-11736	248	13	section	section	NOUN
dem-11736	248	14	we	we	PRON
dem-11736	248	15	show	show	VERB
dem-11736	248	16	the	the	DET
dem-11736	248	17	results	result	NOUN
dem-11736	248	18	of	of	ADP
dem-11736	248	19	hong	hong	PROPN
dem-11736	248	20	et	et	PROPN
dem-11736	248	21	al	al	PROPN
dem-11736	248	22	.	.	PROPN
dem-11736	249	1	(	(	PUNCT
dem-11736	249	2	2009	2009	NUM
dem-11736	249	3	)	)	PUNCT
dem-11736	249	4	and	and	CCONJ
dem-11736	249	5	candelon	candelon	NOUN
dem-11736	249	6	et	et	PROPN
dem-11736	249	7	al	al	PROPN
dem-11736	249	8	.	.	PROPN
dem-11736	250	1	(	(	PUNCT
dem-11736	250	2	2013	2013	NUM
dem-11736	250	3	)	)	PUNCT
dem-11736	250	4	tests	test	NOUN
dem-11736	250	5	for	for	ADP
dem-11736	250	6	granger	granger	PROPN
dem-11736	250	7	causality	causality	PROPN
dem-11736	250	8	in	in	ADP
dem-11736	250	9	risk	risk	NOUN
dem-11736	250	10	when	when	SCONJ
dem-11736	250	11	emerging	emerge	VERB
dem-11736	250	12	markets	market	NOUN
dem-11736	250	13	are	be	AUX
dem-11736	250	14	indicated	indicate	VERB
dem-11736	250	15	to	to	PART
dem-11736	250	16	be	be	AUX
dem-11736	250	17	a	a	DET
dem-11736	250	18	source	source	NOUN
dem-11736	250	19	of	of	ADP
dem-11736	250	20	risk	risk	NOUN
dem-11736	250	21	transfer	transfer	NOUN
dem-11736	250	22	.	.	PUNCT
dem-11736	251	1	having	have	VERB
dem-11736	251	2	in	in	ADP
dem-11736	251	3	mind	mind	NOUN
dem-11736	251	4	the	the	DET
dem-11736	251	5	results	result	NOUN
dem-11736	251	6	shown	show	VERB
dem-11736	251	7	in	in	ADP
dem-11736	251	8	table	table	NOUN
dem-11736	251	9	1	1	NUM
dem-11736	251	10	the	the	DET
dem-11736	251	11	following	follow	VERB
dem-11736	251	12	methods	method	NOUN
dem-11736	251	13	of	of	ADP
dem-11736	251	14	volatility	volatility	NOUN
dem-11736	251	15	analysis	analysis	NOUN
dem-11736	251	16	were	be	AUX
dem-11736	251	17	used	use	VERB
dem-11736	251	18	:	:	PUNCT
dem-11736	251	19	ar(p)garch(1,1)-pot	ar(p)garch(1,1)-pot	NOUN
dem-11736	251	20	with	with	ADP
dem-11736	251	21	t	t	NOUN
dem-11736	251	22	-	-	PUNCT
dem-11736	251	23	distribution	distribution	NOUN
dem-11736	251	24	and	and	CCONJ
dem-11736	251	25	garman	garman	NOUN
dem-11736	251	26	-	-	PUNCT
dem-11736	251	27	klass	klass	PROPN
dem-11736	251	28	-	-	PUNCT
dem-11736	251	29	yang	yang	PROPN
dem-11736	251	30	-	-	PUNCT
dem-11736	251	31	zhang	zhang	PROPN
dem-11736	251	32	volatility	volatility	PROPN
dem-11736	251	33	estimator	estimator	NOUN
dem-11736	251	34	.	.	PUNCT
dem-11736	252	1	the	the	DET
dem-11736	252	2	results	result	NOUN
dem-11736	252	3	are	be	AUX
dem-11736	252	4	presented	present	VERB
dem-11736	252	5	in	in	ADP
dem-11736	252	6	tables	table	NOUN
dem-11736	252	7	2–5	2–5	PROPN
dem-11736	252	8	.	.	PUNCT
dem-11736	253	1	volatility	volatility	NOUN
dem-11736	253	2	estimators	estimator	NOUN
dem-11736	253	3	in	in	ADP
dem-11736	253	4	econometric	econometric	ADJ
dem-11736	253	5	analysis	analysis	NOUN
dem-11736	253	6	of	of	ADP
dem-11736	253	7	risk	risk	NOUN
dem-11736	253	8	transfer	transfer	NOUN
dem-11736	253	9	on	on	ADP
dem-11736	253	10	capital	capital	NOUN
dem-11736	253	11	markets	market	NOUN
dem-11736	253	12	dynamic	dynamic	ADJ
dem-11736	253	13	econometric	econometric	ADJ
dem-11736	253	14	models	model	NOUN
dem-11736	253	15	16	16	NUM
dem-11736	253	16	(	(	PUNCT
dem-11736	253	17	2016	2016	NUM
dem-11736	253	18	)	)	PUNCT
dem-11736	253	19	21–35	21–35	NUM
dem-11736	253	20	31	31	NUM
dem-11736	253	21	table	table	NOUN
dem-11736	253	22	2	2	NUM
dem-11736	253	23	.	.	PUNCT
dem-11736	254	1	granger	granger	PROPN
dem-11736	254	2	causality	causality	PROPN
dem-11736	254	3	in	in	ADP
dem-11736	254	4	risk	risk	NOUN
dem-11736	254	5	for	for	ADP
dem-11736	254	6	long	long	ADJ
dem-11736	254	7	position	position	NOUN
dem-11736	254	8	where	where	SCONJ
dem-11736	254	9	ar	ar	NOUN
dem-11736	254	10	-	-	ADJ
dem-11736	254	11	garch	garch	NOUN
dem-11736	254	12	-	-	PUNCT
dem-11736	254	13	pot	pot	NOUN
dem-11736	254	14	with	with	ADP
dem-11736	254	15	t	t	NOUN
dem-11736	254	16	-	-	PUNCT
dem-11736	254	17	distribution	distribution	NOUN
dem-11736	254	18	was	be	AUX
dem-11736	254	19	applied	apply	VERB
dem-11736	254	20	(	(	PUNCT
dem-11736	254	21	5	5	NUM
dem-11736	254	22	up	up	ADP
dem-11736	254	23	to	to	PART
dem-11736	254	24	25	25	NUM
dem-11736	254	25	lags	lag	NOUN
dem-11736	254	26	,	,	PUNCT
dem-11736	254	27	hong	hong	PROPN
dem-11736	254	28	et	et	PROPN
dem-11736	254	29	al	al	PROPN
dem-11736	254	30	.	.	PROPN
dem-11736	254	31	test	test	NOUN
dem-11736	254	32	)	)	PUNCT
dem-11736	254	33	bovesp	bovesp	VERB
dem-11736	254	34	a	a	DET
dem-11736	254	35	→	→	SYM
dem-11736	254	36	aor	aor	PROPN
dem-11736	254	37	,	,	PUNCT
dem-11736	254	38	bse	bse	PROPN
dem-11736	254	39	,	,	PUNCT
dem-11736	254	40	cac40	cac40	PROPN
dem-11736	254	41	,	,	PUNCT
dem-11736	254	42	dax	dax	PROPN
dem-11736	254	43	,	,	PUNCT
dem-11736	254	44	hsi	hsi	PROPN
dem-11736	254	45	,	,	PUNCT
dem-11736	254	46	jci	jci	PROPN
dem-11736	254	47	,	,	PUNCT
dem-11736	254	48	kospi	kospi	NOUN
dem-11736	254	49	,	,	PUNCT
dem-11736	254	50	micex	micex	NOUN
dem-11736	254	51	,	,	PUNCT
dem-11736	254	52	nikkei225	nikkei225	PROPN
dem-11736	254	53	,	,	PUNCT
dem-11736	254	54	rts	rt	NOUN
dem-11736	254	55	,	,	PUNCT
dem-11736	254	56	sse	sse	NOUN
dem-11736	254	57	,	,	PUNCT
dem-11736	254	58	ssmi	ssmi	PROPN
dem-11736	254	59	,	,	PUNCT
dem-11736	254	60	xu100	xu100	PROPN
dem-11736	254	61	bse	bse	PROPN
dem-11736	254	62	aor	aor	PROPN
dem-11736	254	63	,	,	PUNCT
dem-11736	254	64	jci	jci	PROPN
dem-11736	254	65	,	,	PUNCT
dem-11736	254	66	kospi	kospi	NOUN
dem-11736	254	67	,	,	PUNCT
dem-11736	254	68	micex	micex	NOUN
dem-11736	254	69	,	,	PUNCT
dem-11736	254	70	nasdaq	nasdaq	PROPN
dem-11736	254	71	,	,	PUNCT
dem-11736	254	72	sp500	sp500	PROPN
dem-11736	254	73	ipc	ipc	PROPN
dem-11736	254	74	aor	aor	PROPN
dem-11736	254	75	,	,	PUNCT
dem-11736	254	76	dax	dax	PROPN
dem-11736	254	77	,	,	PUNCT
dem-11736	254	78	hsi	hsi	PROPN
dem-11736	254	79	,	,	PUNCT
dem-11736	254	80	kospi	kospi	NOUN
dem-11736	254	81	,	,	PUNCT
dem-11736	254	82	micex	micex	NOUN
dem-11736	254	83	,	,	PUNCT
dem-11736	254	84	nikkei225	nikkei225	PROPN
dem-11736	254	85	,	,	PUNCT
dem-11736	254	86	rts	rt	NOUN
dem-11736	254	87	,	,	PUNCT
dem-11736	254	88	s&p	s&p	PROPN
dem-11736	254	89	500	500	NUM
dem-11736	254	90	jci	jci	PROPN
dem-11736	254	91	kospi	kospi	PROPN
dem-11736	254	92	micex	micex	PROPN
dem-11736	254	93	aor	aor	PROPN
dem-11736	254	94	,	,	PUNCT
dem-11736	254	95	bse	bse	PROPN
dem-11736	254	96	,	,	PUNCT
dem-11736	254	97	hsi	hsi	PROPN
dem-11736	254	98	,	,	PUNCT
dem-11736	254	99	kospi	kospi	NOUN
dem-11736	254	100	,	,	PUNCT
dem-11736	254	101	nasdaq	nasdaq	PROPN
dem-11736	254	102	,	,	PUNCT
dem-11736	254	103	nikkei225	nikkei225	PROPN
dem-11736	254	104	,	,	PUNCT
dem-11736	254	105	xu100	xu100	PROPN
dem-11736	254	106	rts	rts	PROPN
dem-11736	254	107	aor	aor	PROPN
dem-11736	254	108	,	,	PUNCT
dem-11736	254	109	bse	bse	PROPN
dem-11736	254	110	,	,	PUNCT
dem-11736	254	111	hsi	hsi	PROPN
dem-11736	254	112	,	,	PUNCT
dem-11736	254	113	kospi	kospi	NOUN
dem-11736	254	114	,	,	PUNCT
dem-11736	254	115	nasdaq	nasdaq	PROPN
dem-11736	254	116	,	,	PUNCT
dem-11736	254	117	nikkei225	nikkei225	PROPN
dem-11736	254	118	sse	sse	PROPN
dem-11736	254	119	ftse100	ftse100	PROPN
dem-11736	254	120	,	,	PUNCT
dem-11736	254	121	kospi	kospi	NOUN
dem-11736	254	122	,	,	PUNCT
dem-11736	254	123	nasdaq	nasdaq	PROPN
dem-11736	254	124	xu100	xu100	PROPN
dem-11736	254	125	hsi	hsi	PROPN
dem-11736	254	126	,	,	PUNCT
dem-11736	254	127	kospi	kospi	NOUN
dem-11736	254	128	note	note	NOUN
dem-11736	254	129	:	:	PUNCT
dem-11736	254	130	“	"	PUNCT
dem-11736	254	131	→	→	SYM
dem-11736	254	132	”	"	PUNCT
dem-11736	254	133	shows	show	VERB
dem-11736	254	134	direction	direction	NOUN
dem-11736	254	135	of	of	ADP
dem-11736	254	136	causality	causality	NOUN
dem-11736	254	137	.	.	PUNCT
dem-11736	255	1	table	table	NOUN
dem-11736	255	2	3	3	NUM
dem-11736	255	3	.	.	PUNCT
dem-11736	256	1	granger	granger	PROPN
dem-11736	256	2	causality	causality	PROPN
dem-11736	256	3	in	in	ADP
dem-11736	256	4	risk	risk	NOUN
dem-11736	256	5	for	for	ADP
dem-11736	256	6	long	long	ADJ
dem-11736	256	7	position	position	NOUN
dem-11736	256	8	where	where	SCONJ
dem-11736	256	9	garman	garman	NOUN
dem-11736	256	10	-	-	PUNCT
dem-11736	256	11	klass	klass	PROPN
dem-11736	256	12	-	-	PUNCT
dem-11736	256	13	yangzhang	yangzhang	PROPN
dem-11736	256	14	volatility	volatility	NOUN
dem-11736	256	15	estimator	estimator	NOUN
dem-11736	256	16	was	be	AUX
dem-11736	256	17	applied	apply	VERB
dem-11736	256	18	(	(	PUNCT
dem-11736	256	19	5	5	NUM
dem-11736	256	20	up	up	ADP
dem-11736	256	21	to	to	PART
dem-11736	256	22	25	25	NUM
dem-11736	256	23	lags	lag	NOUN
dem-11736	256	24	,	,	PUNCT
dem-11736	256	25	hong	hong	PROPN
dem-11736	256	26	et	et	PROPN
dem-11736	256	27	al	al	PROPN
dem-11736	256	28	.	.	PROPN
dem-11736	256	29	test	test	PROPN
dem-11736	256	30	)	)	PUNCT
dem-11736	257	1	bovespa	bovespa	PROPN
dem-11736	257	2	→	→	SYM
dem-11736	257	3	bse	bse	PROPN
dem-11736	257	4	,	,	PUNCT
dem-11736	257	5	ftse100	ftse100	PROPN
dem-11736	257	6	,	,	PUNCT
dem-11736	257	7	jci	jci	PROPN
dem-11736	257	8	,	,	PUNCT
dem-11736	257	9	ssmi	ssmi	PROPN
dem-11736	257	10	bse	bse	PROPN
dem-11736	257	11	aor	aor	PROPN
dem-11736	257	12	,	,	PUNCT
dem-11736	257	13	bovespa	bovespa	PROPN
dem-11736	257	14	,	,	PUNCT
dem-11736	257	15	cac40	cac40	PROPN
dem-11736	257	16	,	,	PUNCT
dem-11736	257	17	dax	dax	PROPN
dem-11736	257	18	,	,	PUNCT
dem-11736	257	19	ftse100	ftse100	PROPN
dem-11736	257	20	,	,	PUNCT
dem-11736	257	21	hsi	hsi	PROPN
dem-11736	257	22	,	,	PUNCT
dem-11736	257	23	ipc	ipc	PROPN
dem-11736	257	24	,	,	PUNCT
dem-11736	257	25	kospi	kospi	PROPN
dem-11736	257	26	,	,	PUNCT
dem-11736	257	27	nasdaq	nasdaq	PROPN
dem-11736	257	28	,	,	PUNCT
dem-11736	257	29	s&p	s&p	PROPN
dem-11736	257	30	500	500	NUM
dem-11736	257	31	,	,	PUNCT
dem-11736	257	32	ssmi	ssmi	PROPN
dem-11736	257	33	ipc	ipc	PROPN
dem-11736	257	34	aor	aor	PROPN
dem-11736	257	35	,	,	PUNCT
dem-11736	257	36	bovespa	bovespa	PROPN
dem-11736	257	37	,	,	PUNCT
dem-11736	257	38	hsi	hsi	PROPN
dem-11736	257	39	jci	jci	PROPN
dem-11736	257	40	aor	aor	PROPN
dem-11736	257	41	,	,	PUNCT
dem-11736	257	42	bovespa	bovespa	PROPN
dem-11736	257	43	,	,	PUNCT
dem-11736	257	44	bse	bse	PROPN
dem-11736	257	45	,	,	PUNCT
dem-11736	257	46	cac40	cac40	PROPN
dem-11736	257	47	,	,	PUNCT
dem-11736	257	48	dax	dax	PROPN
dem-11736	257	49	,	,	PUNCT
dem-11736	257	50	ftse100	ftse100	PROPN
dem-11736	257	51	,	,	PUNCT
dem-11736	257	52	hsi	hsi	PROPN
dem-11736	257	53	,	,	PUNCT
dem-11736	257	54	ipc	ipc	PROPN
dem-11736	257	55	,	,	PUNCT
dem-11736	257	56	kospi	kospi	NOUN
dem-11736	257	57	,	,	PUNCT
dem-11736	257	58	micex	micex	NOUN
dem-11736	257	59	,	,	PUNCT
dem-11736	257	60	nasdaq	nasdaq	PROPN
dem-11736	257	61	,	,	PUNCT
dem-11736	257	62	rts	rt	NOUN
dem-11736	257	63	,	,	PUNCT
dem-11736	257	64	s&p	s&p	PROPN
dem-11736	257	65	500	500	NUM
dem-11736	257	66	,	,	PUNCT
dem-11736	257	67	ssmi	ssmi	NOUN
dem-11736	257	68	,	,	PUNCT
dem-11736	257	69	xu100	xu100	PROPN
dem-11736	257	70	micex	micex	PROPN
dem-11736	257	71	aor	aor	PROPN
dem-11736	257	72	,	,	PUNCT
dem-11736	257	73	bovespa	bovespa	PROPN
dem-11736	257	74	,	,	PUNCT
dem-11736	257	75	bse	bse	PROPN
dem-11736	257	76	,	,	PUNCT
dem-11736	257	77	dax	dax	PROPN
dem-11736	257	78	,	,	PUNCT
dem-11736	257	79	nasdaq	nasdaq	PROPN
dem-11736	257	80	,	,	PUNCT
dem-11736	257	81	s&p	s&p	PROPN
dem-11736	257	82	500	500	NUM
dem-11736	257	83	rts	rts	PROPN
dem-11736	257	84	aor	aor	PROPN
dem-11736	257	85	,	,	PUNCT
dem-11736	257	86	bovespa	bovespa	PROPN
dem-11736	257	87	,	,	PUNCT
dem-11736	257	88	bse	bse	PROPN
dem-11736	257	89	,	,	PUNCT
dem-11736	257	90	dax	dax	PROPN
dem-11736	257	91	,	,	PUNCT
dem-11736	257	92	ftse100	ftse100	PROPN
dem-11736	257	93	,	,	PUNCT
dem-11736	257	94	nasdaq	nasdaq	PROPN
dem-11736	257	95	,	,	PUNCT
dem-11736	257	96	s&p	s&p	PROPN
dem-11736	257	97	500	500	NUM
dem-11736	257	98	sse	sse	NOUN
dem-11736	257	99	bovespa	bovespa	PROPN
dem-11736	257	100	,	,	PUNCT
dem-11736	257	101	dax	dax	PROPN
dem-11736	257	102	,	,	PUNCT
dem-11736	257	103	ftse100	ftse100	PROPN
dem-11736	257	104	,	,	PUNCT
dem-11736	257	105	micex	micex	NOUN
dem-11736	257	106	,	,	PUNCT
dem-11736	257	107	nasdaq	nasdaq	PROPN
dem-11736	257	108	,	,	PUNCT
dem-11736	257	109	rts	rt	NOUN
dem-11736	257	110	,	,	PUNCT
dem-11736	257	111	s&p	s&p	PROPN
dem-11736	257	112	500	500	NUM
dem-11736	257	113	xu100	xu100	PROPN
dem-11736	257	114	aor	aor	PROPN
dem-11736	257	115	,	,	PUNCT
dem-11736	257	116	bovespa	bovespa	PROPN
dem-11736	257	117	,	,	PUNCT
dem-11736	257	118	bse	bse	PROPN
dem-11736	257	119	,	,	PUNCT
dem-11736	257	120	cac40	cac40	PROPN
dem-11736	257	121	,	,	PUNCT
dem-11736	257	122	dax	dax	PROPN
dem-11736	257	123	,	,	PUNCT
dem-11736	257	124	ftse	ftse	PROPN
dem-11736	257	125	100	100	NUM
dem-11736	257	126	,	,	PUNCT
dem-11736	257	127	jci	jci	PROPN
dem-11736	257	128	,	,	PUNCT
dem-11736	257	129	kospi	kospi	PROPN
dem-11736	257	130	,	,	PUNCT
dem-11736	257	131	nasdaq	nasdaq	PROPN
dem-11736	257	132	,	,	PUNCT
dem-11736	257	133	rts	rt	NOUN
dem-11736	257	134	,	,	PUNCT
dem-11736	257	135	s&p	s&p	PROPN
dem-11736	257	136	500	500	NUM
dem-11736	257	137	,	,	PUNCT
dem-11736	257	138	ssmi	ssmi	NOUN
dem-11736	257	139	note	note	NOUN
dem-11736	257	140	:	:	PUNCT
dem-11736	257	141	“	"	PUNCT
dem-11736	257	142	→	→	SYM
dem-11736	257	143	”	"	PUNCT
dem-11736	257	144	shows	show	VERB
dem-11736	257	145	direction	direction	NOUN
dem-11736	257	146	of	of	ADP
dem-11736	257	147	causality	causality	NOUN
dem-11736	257	148	.	.	PUNCT
dem-11736	258	1	table	table	NOUN
dem-11736	258	2	4	4	NUM
dem-11736	258	3	.	.	PUNCT
dem-11736	259	1	granger	granger	PROPN
dem-11736	259	2	causality	causality	PROPN
dem-11736	259	3	in	in	ADP
dem-11736	259	4	risk	risk	NOUN
dem-11736	259	5	for	for	ADP
dem-11736	259	6	long	long	ADJ
dem-11736	259	7	position	position	NOUN
dem-11736	259	8	where	where	SCONJ
dem-11736	259	9	ar	ar	NOUN
dem-11736	259	10	-	-	ADJ
dem-11736	259	11	garch	garch	NOUN
dem-11736	259	12	-	-	PUNCT
dem-11736	259	13	pot	pot	NOUN
dem-11736	259	14	with	with	ADP
dem-11736	259	15	t	t	NOUN
dem-11736	259	16	-	-	PUNCT
dem-11736	259	17	distribution	distribution	NOUN
dem-11736	259	18	was	be	AUX
dem-11736	259	19	applied	apply	VERB
dem-11736	259	20	(	(	PUNCT
dem-11736	259	21	5	5	NUM
dem-11736	259	22	up	up	ADP
dem-11736	259	23	to	to	PART
dem-11736	259	24	25	25	NUM
dem-11736	259	25	lags	lag	NOUN
dem-11736	259	26	,	,	PUNCT
dem-11736	259	27	candelon	candelon	NOUN
dem-11736	259	28	et	et	PROPN
dem-11736	259	29	al	al	PROPN
dem-11736	259	30	.	.	PROPN
dem-11736	259	31	test	test	PROPN
dem-11736	259	32	)	)	PUNCT
dem-11736	259	33	bovespa	bovespa	PROPN
dem-11736	259	34	→	→	SYM
dem-11736	259	35	aor	aor	PROPN
dem-11736	259	36	,	,	PUNCT
dem-11736	259	37	bse	bse	PROPN
dem-11736	259	38	,	,	PUNCT
dem-11736	259	39	dax	dax	PROPN
dem-11736	259	40	,	,	PUNCT
dem-11736	259	41	hsi	hsi	PROPN
dem-11736	259	42	,	,	PUNCT
dem-11736	259	43	ipc	ipc	PROPN
dem-11736	259	44	,	,	PUNCT
dem-11736	259	45	kospi	kospi	NOUN
dem-11736	259	46	,	,	PUNCT
dem-11736	259	47	nikkei	nikkei	PROPN
dem-11736	259	48	225	225	NUM
dem-11736	259	49	bse	bse	PROPN
dem-11736	259	50	ipc	ipc	PROPN
dem-11736	259	51	,	,	PUNCT
dem-11736	259	52	kospi	kospi	PROPN
dem-11736	259	53	ipc	ipc	PROPN
dem-11736	259	54	bse	bse	PROPN
dem-11736	259	55	,	,	PUNCT
dem-11736	259	56	cac	cac	PROPN
dem-11736	259	57	40	40	NUM
dem-11736	259	58	,	,	PUNCT
dem-11736	259	59	ftse	ftse	VERB
dem-11736	259	60	100	100	NUM
dem-11736	259	61	,	,	PUNCT
dem-11736	259	62	ipc	ipc	PROPN
dem-11736	259	63	,	,	PUNCT
dem-11736	259	64	kospi	kospi	NOUN
dem-11736	259	65	,	,	PUNCT
dem-11736	259	66	micex	micex	NOUN
dem-11736	259	67	,	,	PUNCT
dem-11736	259	68	nikkei	nikkei	PROPN
dem-11736	259	69	225	225	NUM
dem-11736	259	70	,	,	PUNCT
dem-11736	259	71	rts	rt	NOUN
dem-11736	259	72	,	,	PUNCT
dem-11736	259	73	sse	sse	PROPN
dem-11736	259	74	jci	jci	PROPN
dem-11736	259	75	ftse	ftse	PROPN
dem-11736	259	76	100	100	NUM
dem-11736	259	77	,	,	PUNCT
dem-11736	259	78	kospi	kospi	NOUN
dem-11736	259	79	micex	micex	PROPN
dem-11736	259	80	cac40	cac40	PROPN
dem-11736	259	81	,	,	PUNCT
dem-11736	259	82	ftse	ftse	PROPN
dem-11736	259	83	100	100	NUM
dem-11736	259	84	,	,	PUNCT
dem-11736	259	85	jci	jci	PROPN
dem-11736	259	86	,	,	PUNCT
dem-11736	259	87	micex	micex	NOUN
dem-11736	259	88	,	,	PUNCT
dem-11736	259	89	sse	sse	PROPN
dem-11736	259	90	rts	rts	PROPN
dem-11736	259	91	bse	bse	PROPN
dem-11736	259	92	,	,	PUNCT
dem-11736	259	93	cac40	cac40	PROPN
dem-11736	259	94	,	,	PUNCT
dem-11736	259	95	ftse	ftse	NOUN
dem-11736	259	96	100	100	NUM
dem-11736	259	97	,	,	PUNCT
dem-11736	259	98	ipc	ipc	PROPN
dem-11736	259	99	,	,	PUNCT
dem-11736	259	100	jci	jci	PROPN
dem-11736	259	101	,	,	PUNCT
dem-11736	259	102	micex	micex	NOUN
dem-11736	259	103	,	,	PUNCT
dem-11736	259	104	sse	sse	PROPN
dem-11736	259	105	sse	sse	PROPN
dem-11736	259	106	cac40	cac40	PROPN
dem-11736	259	107	,	,	PUNCT
dem-11736	259	108	jci	jci	PROPN
dem-11736	259	109	,	,	PUNCT
dem-11736	259	110	micex	micex	NOUN
dem-11736	259	111	xu	xu	PROPN
dem-11736	259	112	100	100	NUM
dem-11736	259	113	cac40	cac40	ADJ
dem-11736	259	114	,	,	PUNCT
dem-11736	259	115	ftse	ftse	PROPN
dem-11736	259	116	100	100	NUM
dem-11736	259	117	,	,	PUNCT
dem-11736	259	118	jci	jci	PROPN
dem-11736	259	119	,	,	PUNCT
dem-11736	259	120	micex	micex	NOUN
dem-11736	259	121	note	note	NOUN
dem-11736	259	122	:	:	PUNCT
dem-11736	259	123	“	"	PUNCT
dem-11736	259	124	→	→	SYM
dem-11736	259	125	”	"	PUNCT
dem-11736	259	126	shows	show	VERB
dem-11736	259	127	direction	direction	NOUN
dem-11736	259	128	of	of	ADP
dem-11736	259	129	causality	causality	NOUN
dem-11736	259	130	.	.	PUNCT
dem-11736	260	1	marcin	marcin	PROPN
dem-11736	260	2	fałdziński	fałdziński	VERB
dem-11736	260	3	,	,	PUNCT
dem-11736	260	4	magdalena	magdalena	PROPN
dem-11736	260	5	osińska	osińska	PROPN
dem-11736	260	6	dynamic	dynamic	ADJ
dem-11736	260	7	econometric	econometric	ADJ
dem-11736	260	8	models	model	NOUN
dem-11736	260	9	16	16	NUM
dem-11736	260	10	(	(	PUNCT
dem-11736	260	11	2016	2016	NUM
dem-11736	260	12	)	)	PUNCT
dem-11736	260	13	21–35	21–35	NUM
dem-11736	260	14	32	32	NUM
dem-11736	260	15	table	table	NOUN
dem-11736	260	16	5	5	NUM
dem-11736	260	17	.	.	PUNCT
dem-11736	261	1	granger	granger	PROPN
dem-11736	261	2	causality	causality	PROPN
dem-11736	261	3	in	in	ADP
dem-11736	261	4	risk	risk	NOUN
dem-11736	261	5	for	for	ADP
dem-11736	261	6	long	long	ADJ
dem-11736	261	7	position	position	NOUN
dem-11736	261	8	where	where	SCONJ
dem-11736	261	9	garman	garman	NOUN
dem-11736	261	10	-	-	PUNCT
dem-11736	261	11	klass	klass	PROPN
dem-11736	261	12	-	-	PUNCT
dem-11736	261	13	yangzhang	yangzhang	PROPN
dem-11736	261	14	volatility	volatility	NOUN
dem-11736	261	15	estimator	estimator	NOUN
dem-11736	261	16	was	be	AUX
dem-11736	261	17	applied	apply	VERB
dem-11736	261	18	(	(	PUNCT
dem-11736	261	19	5	5	NUM
dem-11736	261	20	up	up	ADP
dem-11736	261	21	to	to	PART
dem-11736	261	22	25	25	NUM
dem-11736	261	23	lags	lag	NOUN
dem-11736	261	24	,	,	PUNCT
dem-11736	261	25	candelon	candelon	NOUN
dem-11736	261	26	et	et	PROPN
dem-11736	261	27	al	al	PROPN
dem-11736	261	28	.	.	PROPN
dem-11736	261	29	test	test	PROPN
dem-11736	261	30	)	)	PUNCT
dem-11736	262	1	bovespa	bovespa	PROPN
dem-11736	262	2	→	→	SYM
dem-11736	262	3	aor	aor	PROPN
dem-11736	262	4	,	,	PUNCT
dem-11736	262	5	bse	bse	PROPN
dem-11736	262	6	,	,	PUNCT
dem-11736	262	7	cac40	cac40	PROPN
dem-11736	262	8	,	,	PUNCT
dem-11736	262	9	dax	dax	PROPN
dem-11736	262	10	,	,	PUNCT
dem-11736	262	11	ftse100	ftse100	PROPN
dem-11736	262	12	,	,	PUNCT
dem-11736	262	13	hsi	hsi	PROPN
dem-11736	262	14	,	,	PUNCT
dem-11736	262	15	ipc	ipc	PROPN
dem-11736	262	16	,	,	PUNCT
dem-11736	262	17	jci	jci	PROPN
dem-11736	262	18	,	,	PUNCT
dem-11736	262	19	kospi	kospi	PROPN
dem-11736	262	20	,	,	PUNCT
dem-11736	262	21	nasdaq	nasdaq	PROPN
dem-11736	262	22	,	,	PUNCT
dem-11736	262	23	nikkei225	nikkei225	PROPN
dem-11736	262	24	,	,	PUNCT
dem-11736	262	25	sse	sse	PROPN
dem-11736	262	26	,	,	PUNCT
dem-11736	262	27	ssmi	ssmi	PROPN
dem-11736	262	28	bse	bse	PROPN
dem-11736	262	29	aor	aor	PROPN
dem-11736	262	30	,	,	PUNCT
dem-11736	262	31	cac40	cac40	PROPN
dem-11736	262	32	,	,	PUNCT
dem-11736	262	33	dax	dax	PROPN
dem-11736	262	34	,	,	PUNCT
dem-11736	262	35	hsi	hsi	PROPN
dem-11736	262	36	,	,	PUNCT
dem-11736	262	37	ipc	ipc	PROPN
dem-11736	262	38	,	,	PUNCT
dem-11736	262	39	kospi	kospi	PROPN
dem-11736	262	40	nasdaq	nasdaq	PROPN
dem-11736	262	41	,	,	PUNCT
dem-11736	262	42	nikkei225	nikkei225	PROPN
dem-11736	262	43	,	,	PUNCT
dem-11736	262	44	sse	sse	PROPN
dem-11736	262	45	ipc	ipc	PROPN
dem-11736	262	46	aor	aor	PROPN
dem-11736	262	47	,	,	PUNCT
dem-11736	262	48	bse	bse	PROPN
dem-11736	262	49	,	,	PUNCT
dem-11736	262	50	cac40	cac40	PROPN
dem-11736	262	51	,	,	PUNCT
dem-11736	262	52	dax	dax	PROPN
dem-11736	262	53	,	,	PUNCT
dem-11736	262	54	hsi	hsi	PROPN
dem-11736	262	55	,	,	PUNCT
dem-11736	262	56	jci	jci	PROPN
dem-11736	262	57	,	,	PUNCT
dem-11736	262	58	kospi	kospi	PROPN
dem-11736	262	59	,	,	PUNCT
dem-11736	262	60	nasdaq	nasdaq	PROPN
dem-11736	262	61	,	,	PUNCT
dem-11736	262	62	nikkei225	nikkei225	PROPN
dem-11736	262	63	,	,	PUNCT
dem-11736	262	64	sse	sse	NOUN
dem-11736	262	65	,	,	PUNCT
dem-11736	262	66	s&p	s&p	PROPN
dem-11736	262	67	500	500	NUM
dem-11736	262	68	,	,	PUNCT
dem-11736	262	69	ssmi	ssmi	PROPN
dem-11736	262	70	jci	jci	PROPN
dem-11736	262	71	bovespa	bovespa	PROPN
dem-11736	262	72	,	,	PUNCT
dem-11736	262	73	bse	bse	PROPN
dem-11736	262	74	,	,	PUNCT
dem-11736	262	75	cac40	cac40	PROPN
dem-11736	262	76	,	,	PUNCT
dem-11736	262	77	dax	dax	PROPN
dem-11736	262	78	,	,	PUNCT
dem-11736	262	79	ipc	ipc	PROPN
dem-11736	262	80	,	,	PUNCT
dem-11736	262	81	kospi	kospi	PROPN
dem-11736	262	82	,	,	PUNCT
dem-11736	262	83	nasdaq	nasdaq	PROPN
dem-11736	262	84	,	,	PUNCT
dem-11736	262	85	nikkei225	nikkei225	PROPN
dem-11736	262	86	,	,	PUNCT
dem-11736	262	87	sse	sse	PROPN
dem-11736	262	88	micex	micex	PROPN
dem-11736	262	89	bse	bse	PROPN
dem-11736	262	90	,	,	PUNCT
dem-11736	262	91	cac40	cac40	PROPN
dem-11736	262	92	,	,	PUNCT
dem-11736	262	93	dax	dax	PROPN
dem-11736	262	94	,	,	PUNCT
dem-11736	262	95	hsi	hsi	PROPN
dem-11736	262	96	,	,	PUNCT
dem-11736	262	97	ipc	ipc	PROPN
dem-11736	262	98	,	,	PUNCT
dem-11736	262	99	kospi	kospi	PROPN
dem-11736	262	100	,	,	PUNCT
dem-11736	262	101	nasdaq	nasdaq	PROPN
dem-11736	262	102	,	,	PUNCT
dem-11736	262	103	nikkei225	nikkei225	PROPN
dem-11736	262	104	,	,	PUNCT
dem-11736	262	105	s&p	s&p	PROPN
dem-11736	262	106	500	500	NUM
dem-11736	262	107	,	,	PUNCT
dem-11736	262	108	ssmi	ssmi	NOUN
dem-11736	262	109	rts	rt	NOUN
dem-11736	262	110	bovespa	bovespa	PROPN
dem-11736	262	111	,	,	PUNCT
dem-11736	262	112	aor	aor	PROPN
dem-11736	262	113	,	,	PUNCT
dem-11736	262	114	bse	bse	PROPN
dem-11736	262	115	,	,	PUNCT
dem-11736	262	116	cac40	cac40	PROPN
dem-11736	262	117	,	,	PUNCT
dem-11736	262	118	dax	dax	PROPN
dem-11736	262	119	,	,	PUNCT
dem-11736	262	120	ftse100	ftse100	PROPN
dem-11736	262	121	,	,	PUNCT
dem-11736	262	122	hsi	hsi	PROPN
dem-11736	262	123	,	,	PUNCT
dem-11736	262	124	ipc	ipc	PROPN
dem-11736	262	125	,	,	PUNCT
dem-11736	262	126	kospi	kospi	PROPN
dem-11736	262	127	,	,	PUNCT
dem-11736	262	128	nasdaq	nasdaq	PROPN
dem-11736	262	129	,	,	PUNCT
dem-11736	262	130	nikkei225	nikkei225	PROPN
dem-11736	262	131	,	,	PUNCT
dem-11736	262	132	s&p	s&p	PROPN
dem-11736	262	133	500	500	NUM
dem-11736	262	134	,	,	PUNCT
dem-11736	262	135	ssmi	ssmi	NOUN
dem-11736	262	136	sse	sse	X
dem-11736	262	137	bovespa	bovespa	PROPN
dem-11736	262	138	,	,	PUNCT
dem-11736	262	139	bse	bse	PROPN
dem-11736	262	140	,	,	PUNCT
dem-11736	262	141	cac40	cac40	PROPN
dem-11736	262	142	,	,	PUNCT
dem-11736	262	143	dax	dax	PROPN
dem-11736	262	144	,	,	PUNCT
dem-11736	262	145	hsi	hsi	PROPN
dem-11736	262	146	,	,	PUNCT
dem-11736	262	147	ipc	ipc	PROPN
dem-11736	262	148	,	,	PUNCT
dem-11736	262	149	kospi	kospi	PROPN
dem-11736	262	150	,	,	PUNCT
dem-11736	262	151	nasdaq	nasdaq	PROPN
dem-11736	262	152	,	,	PUNCT
dem-11736	262	153	nikkei225	nikkei225	PROPN
dem-11736	262	154	xu100	xu100	PROPN
dem-11736	262	155	bse	bse	PROPN
dem-11736	262	156	,	,	PUNCT
dem-11736	262	157	cac40	cac40	PROPN
dem-11736	262	158	,	,	PUNCT
dem-11736	262	159	dax	dax	PROPN
dem-11736	262	160	,	,	PUNCT
dem-11736	262	161	hsi	hsi	PROPN
dem-11736	262	162	,	,	PUNCT
dem-11736	262	163	ipc	ipc	PROPN
dem-11736	262	164	,	,	PUNCT
dem-11736	262	165	kospi	kospi	PROPN
dem-11736	262	166	,	,	PUNCT
dem-11736	262	167	nasdaq	nasdaq	PROPN
dem-11736	262	168	,	,	PUNCT
dem-11736	262	169	nikkei225	nikkei225	PROPN
dem-11736	262	170	,	,	PUNCT
dem-11736	262	171	s&p	s&p	PROPN
dem-11736	262	172	500	500	NUM
dem-11736	262	173	,	,	PUNCT
dem-11736	262	174	ssmi	ssmi	NOUN
dem-11736	262	175	note	note	NOUN
dem-11736	262	176	:	:	PUNCT
dem-11736	262	177	“	"	PUNCT
dem-11736	262	178	→	→	SYM
dem-11736	262	179	”	"	PUNCT
dem-11736	262	180	shows	show	VERB
dem-11736	262	181	direction	direction	NOUN
dem-11736	262	182	of	of	ADP
dem-11736	262	183	causality	causality	NOUN
dem-11736	262	184	.	.	PUNCT
dem-11736	263	1	in	in	ADP
dem-11736	263	2	the	the	DET
dem-11736	263	3	tables	table	NOUN
dem-11736	263	4	2–5	2–5	PROPN
dem-11736	263	5	the	the	DET
dem-11736	263	6	results	result	NOUN
dem-11736	263	7	of	of	ADP
dem-11736	263	8	testing	testing	NOUN
dem-11736	263	9	for	for	ADP
dem-11736	263	10	granger	granger	PROPN
dem-11736	263	11	causality	causality	PROPN
dem-11736	263	12	in	in	ADP
dem-11736	263	13	risk	risk	NOUN
dem-11736	263	14	for	for	ADP
dem-11736	263	15	long	long	ADJ
dem-11736	263	16	positions	position	NOUN
dem-11736	263	17	(	(	PUNCT
dem-11736	263	18	losses	loss	NOUN
dem-11736	263	19	)	)	PUNCT
dem-11736	263	20	are	be	AUX
dem-11736	263	21	presented	present	VERB
dem-11736	263	22	.	.	PUNCT
dem-11736	264	1	computing	computing	NOUN
dem-11736	264	2	results	result	NOUN
dem-11736	264	3	for	for	ADP
dem-11736	264	4	short	short	ADJ
dem-11736	264	5	positions	position	NOUN
dem-11736	264	6	(	(	PUNCT
dem-11736	264	7	profits	profit	NOUN
dem-11736	264	8	)	)	PUNCT
dem-11736	264	9	we	we	PRON
dem-11736	264	10	can	can	AUX
dem-11736	264	11	observe	observe	VERB
dem-11736	264	12	lower	low	ADJ
dem-11736	264	13	number	number	NOUN
dem-11736	264	14	of	of	ADP
dem-11736	264	15	relationships	relationship	NOUN
dem-11736	264	16	between	between	ADP
dem-11736	264	17	the	the	DET
dem-11736	264	18	markets	market	NOUN
dem-11736	264	19	.	.	PUNCT
dem-11736	265	1	it	it	PRON
dem-11736	265	2	may	may	AUX
dem-11736	265	3	suggest	suggest	VERB
dem-11736	265	4	that	that	SCONJ
dem-11736	265	5	taking	take	VERB
dem-11736	265	6	into	into	ADP
dem-11736	265	7	account	account	NOUN
dem-11736	265	8	profits	profit	NOUN
dem-11736	265	9	the	the	DET
dem-11736	265	10	markets	market	NOUN
dem-11736	265	11	are	be	AUX
dem-11736	265	12	more	more	ADV
dem-11736	265	13	independent	independent	ADJ
dem-11736	265	14	(	(	PUNCT
dem-11736	265	15	they	they	PRON
dem-11736	265	16	do	do	AUX
dem-11736	265	17	not	not	PART
dem-11736	265	18	share	share	VERB
dem-11736	265	19	profits	profit	NOUN
dem-11736	265	20	)	)	PUNCT
dem-11736	265	21	while	while	SCONJ
dem-11736	265	22	in	in	ADP
dem-11736	265	23	the	the	DET
dem-11736	265	24	case	case	NOUN
dem-11736	265	25	of	of	ADP
dem-11736	265	26	losses	loss	NOUN
dem-11736	265	27	otherwise	otherwise	ADV
dem-11736	265	28	situation	situation	NOUN
dem-11736	265	29	takes	take	VERB
dem-11736	265	30	place	place	NOUN
dem-11736	265	31	.	.	PUNCT
dem-11736	266	1	the	the	DET
dem-11736	266	2	remained	remain	VERB
dem-11736	266	3	results	result	NOUN
dem-11736	266	4	are	be	AUX
dem-11736	266	5	available	available	ADJ
dem-11736	266	6	on	on	ADP
dem-11736	266	7	request	request	NOUN
dem-11736	266	8	.	.	PUNCT
dem-11736	267	1	in	in	ADP
dem-11736	267	2	general	general	ADJ
dem-11736	267	3	,	,	PUNCT
dem-11736	267	4	we	we	PRON
dem-11736	267	5	can	can	AUX
dem-11736	267	6	say	say	VERB
dem-11736	267	7	that	that	SCONJ
dem-11736	267	8	the	the	DET
dem-11736	267	9	garman	garman	PROPN
dem-11736	267	10	-	-	PUNCT
dem-11736	267	11	klass	klass	PROPN
dem-11736	267	12	-	-	PUNCT
dem-11736	267	13	yang	yang	PROPN
dem-11736	267	14	-	-	PUNCT
dem-11736	267	15	zhang	zhang	PROPN
dem-11736	267	16	volatility	volatility	PROPN
dem-11736	267	17	estimator	estimator	NOUN
dem-11736	267	18	indicates	indicate	VERB
dem-11736	267	19	the	the	DET
dem-11736	267	20	granger	granger	PROPN
dem-11736	267	21	causality	causality	NOUN
dem-11736	267	22	in	in	ADP
dem-11736	267	23	risk	risk	NOUN
dem-11736	267	24	more	more	ADV
dem-11736	267	25	frequently	frequently	ADV
dem-11736	267	26	than	than	ADP
dem-11736	267	27	the	the	DET
dem-11736	267	28	ar	ar	NOUN
dem-11736	267	29	-	-	ADJ
dem-11736	267	30	garch	garch	NOUN
dem-11736	267	31	-	-	PUNCT
dem-11736	267	32	pot	pot	NOUN
dem-11736	267	33	method	method	NOUN
dem-11736	267	34	.	.	PUNCT
dem-11736	268	1	this	this	PRON
dem-11736	268	2	was	be	AUX
dem-11736	268	3	intuitively	intuitively	ADV
dem-11736	268	4	expected	expect	VERB
dem-11736	268	5	,	,	PUNCT
dem-11736	268	6	because	because	SCONJ
dem-11736	268	7	the	the	DET
dem-11736	268	8	latter	latter	ADJ
dem-11736	268	9	method	method	NOUN
dem-11736	268	10	takes	take	VERB
dem-11736	268	11	into	into	ADP
dem-11736	268	12	account	account	NOUN
dem-11736	268	13	the	the	DET
dem-11736	268	14	extreme	extreme	ADJ
dem-11736	268	15	observations	observation	NOUN
dem-11736	268	16	while	while	SCONJ
dem-11736	268	17	the	the	DET
dem-11736	268	18	volatility	volatility	NOUN
dem-11736	268	19	estimators	estimator	NOUN
dem-11736	268	20	includes	include	VERB
dem-11736	268	21	all	all	DET
dem-11736	268	22	observations	observation	NOUN
dem-11736	268	23	corrected	correct	VERB
dem-11736	268	24	by	by	ADP
dem-11736	268	25	the	the	DET
dem-11736	268	26	high	high	ADJ
dem-11736	268	27	,	,	PUNCT
dem-11736	268	28	low	low	ADJ
dem-11736	268	29	minimum	minimum	ADJ
dem-11736	268	30	and	and	CCONJ
dem-11736	268	31	maximum	maximum	ADJ
dem-11736	268	32	values	value	NOUN
dem-11736	268	33	.	.	PUNCT
dem-11736	269	1	the	the	DET
dem-11736	269	2	results	result	NOUN
dem-11736	269	3	show	show	VERB
dem-11736	269	4	that	that	SCONJ
dem-11736	269	5	there	there	PRON
dem-11736	269	6	is	be	VERB
dem-11736	269	7	granger	granger	PROPN
dem-11736	269	8	causality	causality	NOUN
dem-11736	269	9	in	in	ADP
dem-11736	269	10	risk	risk	NOUN
dem-11736	269	11	between	between	ADP
dem-11736	269	12	emerging	emerge	VERB
dem-11736	269	13	capital	capital	NOUN
dem-11736	269	14	markets	market	NOUN
dem-11736	269	15	and	and	CCONJ
dem-11736	269	16	highly	highly	ADV
dem-11736	269	17	developed	develop	VERB
dem-11736	269	18	ones	one	NOUN
dem-11736	269	19	.	.	PUNCT
dem-11736	270	1	some	some	DET
dem-11736	270	2	capital	capital	NOUN
dem-11736	270	3	markets	market	NOUN
dem-11736	270	4	absorb	absorb	VERB
dem-11736	270	5	risk	risk	NOUN
dem-11736	270	6	more	more	ADV
dem-11736	270	7	often	often	ADV
dem-11736	270	8	than	than	ADP
dem-11736	270	9	others	other	NOUN
dem-11736	270	10	.	.	PUNCT
dem-11736	271	1	we	we	PRON
dem-11736	271	2	can	can	AUX
dem-11736	271	3	delineate	delineate	VERB
dem-11736	271	4	the	the	DET
dem-11736	271	5	markets	market	NOUN
dem-11736	271	6	which	which	PRON
dem-11736	271	7	absorb	absorb	VERB
dem-11736	271	8	the	the	DET
dem-11736	271	9	risk	risk	NOUN
dem-11736	271	10	(	(	PUNCT
dem-11736	271	11	risktakers	risktaker	NOUN
dem-11736	271	12	)	)	PUNCT
dem-11736	271	13	most	most	ADV
dem-11736	271	14	frequently	frequently	ADV
dem-11736	271	15	when	when	SCONJ
dem-11736	271	16	the	the	DET
dem-11736	271	17	risk	risk	NOUN
dem-11736	271	18	transfer	transfer	NOUN
dem-11736	271	19	is	be	AUX
dem-11736	271	20	from	from	ADP
dem-11736	271	21	emerging	emerge	VERB
dem-11736	271	22	markets	market	NOUN
dem-11736	271	23	:	:	PUNCT
dem-11736	271	24	aor	aor	PROPN
dem-11736	271	25	,	,	PUNCT
dem-11736	271	26	cac	cac	PROPN
dem-11736	271	27	40	40	NUM
dem-11736	271	28	,	,	PUNCT
dem-11736	271	29	ftse	ftse	VERB
dem-11736	271	30	100	100	NUM
dem-11736	271	31	,	,	PUNCT
dem-11736	271	32	hsi	hsi	PROPN
dem-11736	271	33	,	,	PUNCT
dem-11736	271	34	nikkei	nikkei	PROPN
dem-11736	271	35	225	225	NUM
dem-11736	271	36	and	and	CCONJ
dem-11736	271	37	kospi	kospi	NOUN
dem-11736	271	38	in	in	ADP
dem-11736	271	39	the	the	DET
dem-11736	271	40	case	case	NOUN
dem-11736	271	41	of	of	ADP
dem-11736	271	42	the	the	DET
dem-11736	271	43	garch	garch	NOUN
dem-11736	271	44	-	-	PUNCT
dem-11736	271	45	pot	pot	NOUN
dem-11736	271	46	method	method	NOUN
dem-11736	271	47	.	.	PUNCT
dem-11736	272	1	in	in	ADP
dem-11736	272	2	the	the	DET
dem-11736	272	3	case	case	NOUN
dem-11736	272	4	of	of	ADP
dem-11736	272	5	the	the	DET
dem-11736	272	6	volatility	volatility	NOUN
dem-11736	272	7	estimators	estimator	VERB
dem-11736	272	8	the	the	DET
dem-11736	272	9	group	group	NOUN
dem-11736	272	10	of	of	ADP
dem-11736	272	11	the	the	DET
dem-11736	272	12	risk	risk	NOUN
dem-11736	272	13	-	-	PUNCT
dem-11736	272	14	takers	taker	NOUN
dem-11736	272	15	is	be	AUX
dem-11736	272	16	:	:	PUNCT
dem-11736	272	17	aor	aor	NOUN
dem-11736	272	18	,	,	PUNCT
dem-11736	272	19	bovespa	bovespa	PROPN
dem-11736	272	20	,	,	PUNCT
dem-11736	272	21	bse	bse	PROPN
dem-11736	272	22	,	,	PUNCT
dem-11736	272	23	cac	cac	PROPN
dem-11736	272	24	40	40	NUM
dem-11736	272	25	,	,	PUNCT
dem-11736	272	26	dax	dax	PROPN
dem-11736	272	27	,	,	PUNCT
dem-11736	272	28	nikkei	nikkei	PROPN
dem-11736	272	29	225	225	NUM
dem-11736	272	30	,	,	PUNCT
dem-11736	272	31	s&p	s&p	PROPN
dem-11736	272	32	500	500	NUM
dem-11736	272	33	and	and	CCONJ
dem-11736	272	34	nasdaq	nasdaq	PROPN
dem-11736	272	35	.	.	PUNCT
dem-11736	273	1	the	the	DET
dem-11736	273	2	latter	latter	ADJ
dem-11736	273	3	group	group	NOUN
dem-11736	273	4	is	be	AUX
dem-11736	273	5	larger	large	ADJ
dem-11736	273	6	which	which	PRON
dem-11736	273	7	is	be	AUX
dem-11736	273	8	not	not	PART
dem-11736	273	9	surprising	surprising	ADJ
dem-11736	273	10	due	due	ADJ
dem-11736	273	11	the	the	DET
dem-11736	273	12	fact	fact	NOUN
dem-11736	273	13	that	that	SCONJ
dem-11736	273	14	volatility	volatility	NOUN
dem-11736	273	15	estimators	estimator	NOUN
dem-11736	273	16	fit	fit	VERB
dem-11736	273	17	better	well	ADV
dem-11736	273	18	to	to	ADP
dem-11736	273	19	the	the	DET
dem-11736	273	20	‘	'	PUNCT
dem-11736	273	21	average	average	ADJ
dem-11736	273	22	values	value	NOUN
dem-11736	273	23	’	'	PUNCT
dem-11736	273	24	of	of	ADP
dem-11736	273	25	the	the	DET
dem-11736	273	26	time	time	NOUN
dem-11736	273	27	series	series	NOUN
dem-11736	273	28	.	.	PUNCT
dem-11736	274	1	the	the	DET
dem-11736	274	2	overlapping	overlapping	NOUN
dem-11736	274	3	of	of	ADP
dem-11736	274	4	two	two	NUM
dem-11736	274	5	methods	method	NOUN
dem-11736	274	6	of	of	ADP
dem-11736	274	7	estimating	estimate	VERB
dem-11736	274	8	value	value	NOUN
dem-11736	274	9	-	-	PUNCT
dem-11736	274	10	at	at	ADP
dem-11736	274	11	-	-	PUNCT
dem-11736	274	12	risk	risk	NOUN
dem-11736	274	13	and	and	CCONJ
dem-11736	274	14	testing	testing	NOUN
dem-11736	274	15	for	for	ADP
dem-11736	274	16	granger	granger	PROPN
dem-11736	274	17	causality	causality	PROPN
dem-11736	274	18	in	in	ADP
dem-11736	274	19	risk	risk	NOUN
dem-11736	274	20	is	be	AUX
dem-11736	274	21	rather	rather	ADV
dem-11736	274	22	easily	easily	ADV
dem-11736	274	23	visible	visible	ADJ
dem-11736	274	24	.	.	PUNCT
dem-11736	275	1	the	the	DET
dem-11736	275	2	difference	difference	NOUN
dem-11736	275	3	between	between	ADP
dem-11736	275	4	hong	hong	PROPN
dem-11736	275	5	et	et	PROPN
dem-11736	275	6	all	all	DET
dem-11736	275	7	test	test	NOUN
dem-11736	275	8	and	and	CCONJ
dem-11736	275	9	candelon	candelon	NOUN
dem-11736	275	10	et	et	PROPN
dem-11736	275	11	al	al	PROPN
dem-11736	275	12	.	.	PROPN
dem-11736	275	13	test	test	NOUN
dem-11736	275	14	is	be	AUX
dem-11736	275	15	such	such	ADJ
dem-11736	275	16	that	that	SCONJ
dem-11736	275	17	in	in	ADP
dem-11736	275	18	case	case	NOUN
dem-11736	275	19	of	of	ADP
dem-11736	275	20	argarch	argarch	NOUN
dem-11736	275	21	-	-	PUNCT
dem-11736	275	22	pot	pot	NOUN
dem-11736	275	23	model	model	NOUN
dem-11736	275	24	the	the	DET
dem-11736	275	25	results	result	NOUN
dem-11736	275	26	are	be	AUX
dem-11736	275	27	the	the	DET
dem-11736	275	28	same	same	ADJ
dem-11736	275	29	in	in	ADP
dem-11736	275	30	13	13	NUM
dem-11736	275	31	cases	case	NOUN
dem-11736	275	32	only	only	ADV
dem-11736	275	33	.	.	PUNCT
dem-11736	276	1	the	the	DET
dem-11736	276	2	causal	causal	ADJ
dem-11736	276	3	impact	impact	NOUN
dem-11736	276	4	of	of	ADP
dem-11736	276	5	micex	micex	NOUN
dem-11736	276	6	,	,	PUNCT
dem-11736	276	7	rts	rt	NOUN
dem-11736	276	8	,	,	PUNCT
dem-11736	276	9	sse	sse	NOUN
dem-11736	276	10	and	and	CCONJ
dem-11736	276	11	xu	xu	NOUN
dem-11736	276	12	100	100	NUM
dem-11736	276	13	on	on	ADP
dem-11736	276	14	other	other	ADJ
dem-11736	276	15	markets	market	NOUN
dem-11736	276	16	was	be	AUX
dem-11736	276	17	found	find	VERB
dem-11736	276	18	to	to	PART
dem-11736	276	19	be	be	AUX
dem-11736	276	20	volatility	volatility	NOUN
dem-11736	276	21	estimators	estimator	NOUN
dem-11736	276	22	in	in	ADP
dem-11736	276	23	econometric	econometric	ADJ
dem-11736	276	24	analysis	analysis	NOUN
dem-11736	276	25	of	of	ADP
dem-11736	276	26	risk	risk	NOUN
dem-11736	276	27	transfer	transfer	NOUN
dem-11736	276	28	on	on	ADP
dem-11736	276	29	capital	capital	NOUN
dem-11736	276	30	markets	market	NOUN
dem-11736	276	31	dynamic	dynamic	ADJ
dem-11736	276	32	econometric	econometric	ADJ
dem-11736	276	33	models	model	NOUN
dem-11736	276	34	16	16	NUM
dem-11736	276	35	(	(	PUNCT
dem-11736	276	36	2016	2016	NUM
dem-11736	276	37	)	)	PUNCT
dem-11736	276	38	21–35	21–35	NUM
dem-11736	276	39	33	33	NUM
dem-11736	276	40	quite	quite	ADV
dem-11736	276	41	different	different	ADJ
dem-11736	276	42	while	while	SCONJ
dem-11736	276	43	the	the	DET
dem-11736	276	44	impact	impact	NOUN
dem-11736	276	45	of	of	ADP
dem-11736	276	46	bovespa	bovespa	PROPN
dem-11736	276	47	,	,	PUNCT
dem-11736	276	48	bse	bse	PROPN
dem-11736	276	49	ipc	ipc	PROPN
dem-11736	276	50	and	and	CCONJ
dem-11736	276	51	jpc	jpc	PROPN
dem-11736	276	52	can	can	AUX
dem-11736	276	53	be	be	AUX
dem-11736	276	54	considered	consider	VERB
dem-11736	276	55	as	as	ADP
dem-11736	276	56	similar	similar	ADJ
dem-11736	276	57	.	.	PUNCT
dem-11736	277	1	conclusions	conclusion	NOUN
dem-11736	277	2	in	in	ADP
dem-11736	277	3	the	the	DET
dem-11736	277	4	paper	paper	NOUN
dem-11736	277	5	we	we	PRON
dem-11736	277	6	extended	extend	VERB
dem-11736	277	7	our	our	PRON
dem-11736	277	8	previous	previous	ADJ
dem-11736	277	9	investigations	investigation	NOUN
dem-11736	277	10	using	use	VERB
dem-11736	277	11	quite	quite	ADV
dem-11736	277	12	sophisticated	sophisticated	ADJ
dem-11736	277	13	research	research	NOUN
dem-11736	277	14	methods	method	NOUN
dem-11736	277	15	and	and	CCONJ
dem-11736	277	16	we	we	PRON
dem-11736	277	17	concentrated	concentrate	VERB
dem-11736	277	18	on	on	ADP
dem-11736	277	19	huge	huge	ADJ
dem-11736	277	20	magnitude	magnitude	NOUN
dem-11736	277	21	of	of	ADP
dem-11736	277	22	changes	change	NOUN
dem-11736	277	23	(	(	PUNCT
dem-11736	277	24	extreme	extreme	ADJ
dem-11736	277	25	values	value	NOUN
dem-11736	277	26	)	)	PUNCT
dem-11736	277	27	.	.	PUNCT
dem-11736	278	1	our	our	PRON
dem-11736	278	2	findings	finding	NOUN
dem-11736	278	3	should	should	AUX
dem-11736	278	4	be	be	AUX
dem-11736	278	5	considered	consider	VERB
dem-11736	278	6	when	when	SCONJ
dem-11736	278	7	systemic	systemic	ADJ
dem-11736	278	8	risk	risk	NOUN
dem-11736	278	9	in	in	ADP
dem-11736	278	10	the	the	DET
dem-11736	278	11	global	global	ADJ
dem-11736	278	12	economy	economy	NOUN
dem-11736	278	13	is	be	AUX
dem-11736	278	14	analyzed	analyze	VERB
dem-11736	278	15	.	.	PUNCT
dem-11736	279	1	they	they	PRON
dem-11736	279	2	are	be	AUX
dem-11736	279	3	linked	link	VERB
dem-11736	279	4	with	with	ADP
dem-11736	279	5	the	the	DET
dem-11736	279	6	problem	problem	NOUN
dem-11736	279	7	of	of	ADP
dem-11736	279	8	spillover	spillover	NOUN
dem-11736	279	9	in	in	ADP
dem-11736	279	10	the	the	DET
dem-11736	279	11	sense	sense	NOUN
dem-11736	279	12	that	that	SCONJ
dem-11736	279	13	risk	risk	NOUN
dem-11736	279	14	transfer	transfer	NOUN
dem-11736	279	15	from	from	ADP
dem-11736	279	16	one	one	NUM
dem-11736	279	17	market	market	NOUN
dem-11736	279	18	to	to	ADP
dem-11736	279	19	another	another	PRON
dem-11736	279	20	can	can	AUX
dem-11736	279	21	be	be	AUX
dem-11736	279	22	considered	consider	VERB
dem-11736	279	23	as	as	ADP
dem-11736	279	24	an	an	DET
dem-11736	279	25	incentive	incentive	NOUN
dem-11736	279	26	for	for	ADP
dem-11736	279	27	extending	extend	VERB
dem-11736	279	28	negative	negative	ADJ
dem-11736	279	29	trends	trend	NOUN
dem-11736	279	30	(	(	PUNCT
dem-11736	279	31	contagion	contagion	NOUN
dem-11736	279	32	)	)	PUNCT
dem-11736	279	33	but	but	CCONJ
dem-11736	279	34	it	it	PRON
dem-11736	279	35	is	be	AUX
dem-11736	279	36	not	not	PART
dem-11736	279	37	a	a	DET
dem-11736	279	38	sufficient	sufficient	ADJ
dem-11736	279	39	condition	condition	NOUN
dem-11736	279	40	.	.	PUNCT
dem-11736	280	1	in	in	ADP
dem-11736	280	2	the	the	DET
dem-11736	280	3	paper	paper	NOUN
dem-11736	280	4	we	we	PRON
dem-11736	280	5	analyze	analyze	VERB
dem-11736	280	6	the	the	DET
dem-11736	280	7	linkages	linkage	NOUN
dem-11736	280	8	between	between	ADP
dem-11736	280	9	capital	capital	NOUN
dem-11736	280	10	markets	market	NOUN
dem-11736	280	11	located	locate	VERB
dem-11736	280	12	in	in	ADP
dem-11736	280	13	both	both	DET
dem-11736	280	14	emerging	emerge	VERB
dem-11736	280	15	and	and	CCONJ
dem-11736	280	16	developed	developed	ADJ
dem-11736	280	17	economies	economy	NOUN
dem-11736	280	18	.	.	PUNCT
dem-11736	281	1	the	the	DET
dem-11736	281	2	difference	difference	NOUN
dem-11736	281	3	between	between	ADP
dem-11736	281	4	emerging	emerge	VERB
dem-11736	281	5	and	and	CCONJ
dem-11736	281	6	mature	mature	ADJ
dem-11736	281	7	markets	market	NOUN
dem-11736	281	8	lays	lay	VERB
dem-11736	281	9	in	in	ADP
dem-11736	281	10	different	different	ADJ
dem-11736	281	11	types	type	NOUN
dem-11736	281	12	of	of	ADP
dem-11736	281	13	institutions	institution	NOUN
dem-11736	281	14	like	like	ADP
dem-11736	281	15	financial	financial	ADJ
dem-11736	281	16	supervision	supervision	NOUN
dem-11736	281	17	,	,	PUNCT
dem-11736	281	18	possibility	possibility	NOUN
dem-11736	281	19	of	of	ADP
dem-11736	281	20	quoting	quote	VERB
dem-11736	281	21	the	the	DET
dem-11736	281	22	instruments	instrument	NOUN
dem-11736	281	23	from	from	ADP
dem-11736	281	24	abroad	abroad	ADV
dem-11736	281	25	,	,	PUNCT
dem-11736	281	26	the	the	DET
dem-11736	281	27	number	number	NOUN
dem-11736	281	28	and	and	CCONJ
dem-11736	281	29	type	type	NOUN
dem-11736	281	30	of	of	ADP
dem-11736	281	31	listed	list	VERB
dem-11736	281	32	instruments	instrument	NOUN
dem-11736	281	33	and	and	CCONJ
dem-11736	281	34	,	,	PUNCT
dem-11736	281	35	what	what	PRON
dem-11736	281	36	is	be	AUX
dem-11736	281	37	probably	probably	ADV
dem-11736	281	38	most	most	ADV
dem-11736	281	39	important	important	ADJ
dem-11736	281	40	,	,	PUNCT
dem-11736	281	41	in	in	ADP
dem-11736	281	42	market	market	NOUN
dem-11736	281	43	liquidity	liquidity	NOUN
dem-11736	281	44	.	.	PUNCT
dem-11736	282	1	the	the	DET
dem-11736	282	2	question	question	NOUN
dem-11736	282	3	whether	whether	SCONJ
dem-11736	282	4	less	less	ADJ
dem-11736	282	5	liquid	liquid	ADJ
dem-11736	282	6	market	market	NOUN
dem-11736	282	7	can	can	AUX
dem-11736	282	8	‘	'	PUNCT
dem-11736	282	9	produce	produce	VERB
dem-11736	282	10	’	'	PUNCT
dem-11736	282	11	more	more	ADJ
dem-11736	282	12	risk	risk	NOUN
dem-11736	282	13	due	due	ADP
dem-11736	282	14	to	to	ADP
dem-11736	282	15	the	the	DET
dem-11736	282	16	lack	lack	NOUN
dem-11736	282	17	of	of	ADP
dem-11736	282	18	many	many	ADJ
dem-11736	282	19	alternatives	alternative	NOUN
dem-11736	282	20	within	within	ADP
dem-11736	282	21	the	the	DET
dem-11736	282	22	market	market	NOUN
dem-11736	282	23	and	and	CCONJ
dem-11736	282	24	more	more	ADV
dem-11736	282	25	loosely	loosely	ADV
dem-11736	282	26	rules	rule	NOUN
dem-11736	282	27	is	be	AUX
dem-11736	282	28	very	very	ADV
dem-11736	282	29	important	important	ADJ
dem-11736	282	30	in	in	ADP
dem-11736	282	31	the	the	DET
dem-11736	282	32	era	era	NOUN
dem-11736	282	33	of	of	ADP
dem-11736	282	34	globalization	globalization	NOUN
dem-11736	282	35	.	.	PUNCT
dem-11736	283	1	the	the	DET
dem-11736	283	2	answer	answer	NOUN
dem-11736	283	3	can	can	AUX
dem-11736	283	4	have	have	VERB
dem-11736	283	5	many	many	ADJ
dem-11736	283	6	practical	practical	ADJ
dem-11736	283	7	implications	implication	NOUN
dem-11736	283	8	including	include	VERB
dem-11736	283	9	financial	financial	ADJ
dem-11736	283	10	regulations	regulation	NOUN
dem-11736	283	11	.	.	PUNCT
dem-11736	284	1	in	in	ADP
dem-11736	284	2	our	our	PRON
dem-11736	284	3	research	research	NOUN
dem-11736	284	4	it	it	PRON
dem-11736	284	5	was	be	AUX
dem-11736	284	6	indicated	indicate	VERB
dem-11736	284	7	that	that	SCONJ
dem-11736	284	8	basing	base	VERB
dem-11736	284	9	on	on	ADP
dem-11736	284	10	volatility	volatility	NOUN
dem-11736	284	11	estimators	estimator	NOUN
dem-11736	284	12	it	it	PRON
dem-11736	284	13	is	be	AUX
dem-11736	284	14	possible	possible	ADJ
dem-11736	284	15	to	to	PART
dem-11736	284	16	find	find	VERB
dem-11736	284	17	more	more	ADJ
dem-11736	284	18	“	"	PUNCT
dem-11736	284	19	causal	causal	ADJ
dem-11736	284	20	”	"	PUNCT
dem-11736	284	21	relationships	relationship	NOUN
dem-11736	284	22	than	than	ADP
dem-11736	284	23	basing	base	VERB
dem-11736	284	24	on	on	ADP
dem-11736	284	25	ar	ar	NOUN
dem-11736	284	26	-	-	NOUN
dem-11736	284	27	garchpot	garchpot	NOUN
dem-11736	284	28	methods	method	NOUN
dem-11736	284	29	.	.	PUNCT
dem-11736	285	1	it	it	PRON
dem-11736	285	2	is	be	AUX
dem-11736	285	3	due	due	ADJ
dem-11736	285	4	to	to	ADP
dem-11736	285	5	the	the	DET
dem-11736	285	6	fact	fact	NOUN
dem-11736	285	7	that	that	SCONJ
dem-11736	285	8	volatility	volatility	NOUN
dem-11736	285	9	estimators	estimator	NOUN
dem-11736	285	10	are	be	AUX
dem-11736	285	11	better	well	ADV
dem-11736	285	12	fitted	fit	VERB
dem-11736	285	13	to	to	ADP
dem-11736	285	14	the	the	DET
dem-11736	285	15	average	average	ADJ
dem-11736	285	16	volatility	volatility	NOUN
dem-11736	285	17	values	value	NOUN
dem-11736	285	18	than	than	ADP
dem-11736	285	19	the	the	DET
dem-11736	285	20	methods	method	NOUN
dem-11736	285	21	based	base	VERB
dem-11736	285	22	on	on	ADP
dem-11736	285	23	the	the	DET
dem-11736	285	24	extreme	extreme	ADJ
dem-11736	285	25	value	value	NOUN
dem-11736	285	26	theory	theory	NOUN
dem-11736	285	27	.	.	PUNCT
dem-11736	286	1	we	we	PRON
dem-11736	286	2	can	can	AUX
dem-11736	286	3	observe	observe	VERB
dem-11736	286	4	risk	risk	NOUN
dem-11736	286	5	transfer	transfer	NOUN
dem-11736	286	6	from	from	ADP
dem-11736	286	7	emerging	emerge	VERB
dem-11736	286	8	markets	market	NOUN
dem-11736	286	9	to	to	ADP
dem-11736	286	10	the	the	DET
dem-11736	286	11	highly	highly	ADV
dem-11736	286	12	developed	develop	VERB
dem-11736	286	13	ones	one	NOUN
dem-11736	286	14	,	,	PUNCT
dem-11736	286	15	so	so	SCONJ
dem-11736	286	16	that	that	SCONJ
dem-11736	286	17	the	the	DET
dem-11736	286	18	research	research	NOUN
dem-11736	286	19	helped	help	VERB
dem-11736	286	20	to	to	PART
dem-11736	286	21	find	find	VERB
dem-11736	286	22	the	the	DET
dem-11736	286	23	explanation	explanation	NOUN
dem-11736	286	24	of	of	ADP
dem-11736	286	25	the	the	DET
dem-11736	286	26	problem	problem	NOUN
dem-11736	286	27	put	put	VERB
dem-11736	286	28	in	in	ADP
dem-11736	286	29	the	the	DET
dem-11736	286	30	introduction	introduction	NOUN
dem-11736	286	31	.	.	PUNCT
dem-11736	287	1	the	the	DET
dem-11736	287	2	markets	market	NOUN
dem-11736	287	3	which	which	PRON
dem-11736	287	4	absorb	absorb	VERB
dem-11736	287	5	risk	risk	NOUN
dem-11736	287	6	transfers	transfer	NOUN
dem-11736	287	7	most	most	ADV
dem-11736	287	8	frequently	frequently	ADV
dem-11736	287	9	are	be	AUX
dem-11736	287	10	:	:	PUNCT
dem-11736	287	11	s&p500	s&p500	NOUN
dem-11736	287	12	,	,	PUNCT
dem-11736	287	13	cac40	cac40	PROPN
dem-11736	287	14	,	,	PUNCT
dem-11736	287	15	nikkei225	nikkei225	PROPN
dem-11736	287	16	,	,	PUNCT
dem-11736	287	17	nasdaq	nasdaq	PROPN
dem-11736	287	18	and	and	CCONJ
dem-11736	287	19	ftse100	ftse100	PROPN
dem-11736	287	20	.	.	PUNCT
dem-11736	288	1	the	the	DET
dem-11736	288	2	empirical	empirical	ADJ
dem-11736	288	3	results	result	NOUN
dem-11736	288	4	of	of	ADP
dem-11736	288	5	hong	hong	PROPN
dem-11736	288	6	et	et	PROPN
dem-11736	288	7	al	al	PROPN
dem-11736	288	8	test	test	NOUN
dem-11736	288	9	and	and	CCONJ
dem-11736	288	10	candelon	candelon	NOUN
dem-11736	288	11	et	et	PROPN
dem-11736	288	12	al	al	PROPN
dem-11736	288	13	test	test	NOUN
dem-11736	288	14	are	be	AUX
dem-11736	288	15	slightly	slightly	ADV
dem-11736	288	16	different	different	ADJ
dem-11736	288	17	that	that	SCONJ
dem-11736	288	18	results	result	VERB
dem-11736	288	19	from	from	ADP
dem-11736	288	20	different	different	ADJ
dem-11736	288	21	tolerance	tolerance	NOUN
dem-11736	288	22	levels	level	NOUN
dem-11736	288	23	allowing	allow	VERB
dem-11736	288	24	in	in	ADP
dem-11736	288	25	both	both	DET
dem-11736	288	26	testing	testing	NOUN
dem-11736	288	27	procedures	procedure	NOUN
dem-11736	288	28	.	.	PUNCT
dem-11736	289	1	references	reference	NOUN
dem-11736	289	2	angelidis	angelidi	NOUN
dem-11736	289	3	,	,	PUNCT
dem-11736	289	4	t.	t.	PROPN
dem-11736	289	5	,	,	PUNCT
dem-11736	289	6	degiannakis	degiannakis	PROPN
dem-11736	289	7	,	,	PUNCT
dem-11736	289	8	s.	s.	PROPN
dem-11736	289	9	(	(	PUNCT
dem-11736	289	10	2006	2006	NUM
dem-11736	289	11	)	)	PUNCT
dem-11736	289	12	,	,	PUNCT
dem-11736	289	13	backtesting	backteste	VERB
dem-11736	289	14	var	var	NOUN
dem-11736	289	15	models	model	NOUN
dem-11736	289	16	:	:	PUNCT
dem-11736	289	17	an	an	DET
dem-11736	289	18	expected	expect	VERB
dem-11736	289	19	shortfall	shortfall	NOUN
dem-11736	289	20	approach	approach	NOUN
dem-11736	289	21	,	,	PUNCT
dem-11736	289	22	working	working	NOUN
dem-11736	289	23	papers	paper	NOUN
dem-11736	289	24	no	no	DET
dem-11736	289	25	701	701	NUM
dem-11736	289	26	,	,	PUNCT
dem-11736	289	27	university	university	NOUN
dem-11736	289	28	of	of	ADP
dem-11736	289	29	crete	crete	PROPN
dem-11736	289	30	,	,	PUNCT
dem-11736	289	31	athens	athens	PROPN
dem-11736	289	32	university	university	PROPN
dem-11736	289	33	of	of	ADP
dem-11736	289	34	economics	economic	NOUN
dem-11736	289	35	and	and	CCONJ
dem-11736	289	36	business	business	NOUN
dem-11736	289	37	,	,	PUNCT
dem-11736	289	38	http://econpapers.repec.org/paper/crtwpaper/0701.htm	http://econpapers.repec.org/paper/crtwpaper/0701.htm	PROPN
dem-11736	289	39	(	(	PUNCT
dem-11736	289	40	01.10.2016	01.10.2016	NOUN
dem-11736	289	41	)	)	PUNCT
dem-11736	289	42	balkema	balkema	NOUN
dem-11736	289	43	,	,	PUNCT
dem-11736	289	44	a.	a.	NOUN
dem-11736	289	45	a.	a.	PROPN
dem-11736	289	46	,	,	PUNCT
dem-11736	289	47	de	de	PROPN
dem-11736	289	48	haan	haan	PROPN
dem-11736	289	49	,	,	PUNCT
dem-11736	289	50	l.	l.	PROPN
dem-11736	289	51	(	(	PUNCT
dem-11736	289	52	1974	1974	NUM
dem-11736	289	53	)	)	PUNCT
dem-11736	289	54	,	,	PUNCT
dem-11736	289	55	residual	residual	ADJ
dem-11736	289	56	life	life	NOUN
dem-11736	289	57	time	time	NOUN
dem-11736	289	58	at	at	ADP
dem-11736	289	59	great	great	ADJ
dem-11736	289	60	age	age	NOUN
dem-11736	289	61	,	,	PUNCT
dem-11736	289	62	annals	annal	NOUN
dem-11736	289	63	of	of	ADP
dem-11736	289	64	probability	probability	NOUN
dem-11736	289	65	,	,	PUNCT
dem-11736	289	66	vol.2	vol.2	PROPN
dem-11736	289	67	,	,	PUNCT
dem-11736	289	68	no	no	INTJ
dem-11736	289	69	.	.	NOUN
dem-11736	289	70	5	5	NUM
dem-11736	289	71	,	,	PUNCT
dem-11736	289	72	792–804	792–804	NUM
dem-11736	289	73	,	,	PUNCT
dem-11736	289	74	doi	doi	NOUN
dem-11736	289	75	:	:	PUNCT
dem-11736	289	76	http://dx.doi.org/10.1214/aop/1176996548	http://dx.doi.org/10.1214/aop/1176996548	PROPN
dem-11736	289	77	.	.	PUNCT
dem-11736	290	1	blanco	blanco	PROPN
dem-11736	290	2	,	,	PUNCT
dem-11736	290	3	c.	c.	PROPN
dem-11736	290	4	,	,	PUNCT
dem-11736	290	5	ihle	ihle	PROPN
dem-11736	290	6	,	,	PUNCT
dem-11736	290	7	g.	g.	PROPN
dem-11736	290	8	(	(	PUNCT
dem-11736	290	9	1998	1998	NUM
dem-11736	290	10	)	)	PUNCT
dem-11736	290	11	,	,	PUNCT
dem-11736	290	12	how	how	SCONJ
dem-11736	290	13	good	good	ADJ
dem-11736	290	14	is	be	AUX
dem-11736	290	15	your	your	PRON
dem-11736	290	16	var	var	NOUN
dem-11736	290	17	?	?	PUNCT
dem-11736	291	1	using	use	VERB
dem-11736	291	2	backtesting	backteste	VERB
dem-11736	291	3	to	to	PART
dem-11736	291	4	assess	assess	VERB
dem-11736	291	5	system	system	NOUN
dem-11736	291	6	performance	performance	NOUN
dem-11736	291	7	,	,	PUNCT
dem-11736	291	8	financial	financial	ADJ
dem-11736	291	9	engineering	engineering	NOUN
dem-11736	291	10	news	news	PROPN
dem-11736	291	11	,	,	PUNCT
dem-11736	291	12	august	august	PROPN
dem-11736	291	13	,	,	PUNCT
dem-11736	291	14	1–2	1–2	NUM
dem-11736	291	15	.	.	PUNCT
dem-11736	291	16	marcin	marcin	PROPN
dem-11736	291	17	fałdziński	fałdziński	VERB
dem-11736	291	18	,	,	PUNCT
dem-11736	291	19	magdalena	magdalena	PROPN
dem-11736	291	20	osińska	osińska	PROPN
dem-11736	291	21	dynamic	dynamic	ADJ
dem-11736	291	22	econometric	econometric	ADJ
dem-11736	291	23	models	model	NOUN
dem-11736	291	24	16	16	NUM
dem-11736	291	25	(	(	PUNCT
dem-11736	291	26	2016	2016	NUM
dem-11736	291	27	)	)	PUNCT
dem-11736	291	28	21–35	21–35	NUM
dem-11736	291	29	34	34	NUM
dem-11736	291	30	burzała	burzała	NOUN
dem-11736	291	31	,	,	PUNCT
dem-11736	291	32	m.	m.	NOUN
dem-11736	291	33	(	(	PUNCT
dem-11736	291	34	2014	2014	NUM
dem-11736	291	35	)	)	PUNCT
dem-11736	291	36	,	,	PUNCT
dem-11736	291	37	wybrane	wybrane	NOUN
dem-11736	291	38	metody	metody	ADJ
dem-11736	291	39	badania	badania	PROPN
dem-11736	291	40	efektów	efektów	PROPN
dem-11736	291	41	zarażania	zarażania	PROPN
dem-11736	291	42	na	na	ADP
dem-11736	291	43	rynku	rynku	ADJ
dem-11736	291	44	kapitałowym	kapitałowym	PROPN
dem-11736	291	45	,	,	PUNCT
dem-11736	291	46	wyd	wyd	PROPN
dem-11736	292	1	.	.	PROPN
dem-11736	292	2	uniwersytetu	uniwersytetu	PROPN
dem-11736	292	3	ekonomicznego	ekonomicznego	PROPN
dem-11736	292	4	w	w	PROPN
dem-11736	292	5	poznaniu	poznaniu	PROPN
dem-11736	292	6	,	,	PUNCT
dem-11736	292	7	poznań	poznań	NOUN
dem-11736	292	8	,	,	PUNCT
dem-11736	292	9	candelon	candelon	NOUN
dem-11736	292	10	,	,	PUNCT
dem-11736	292	11	b.	b.	PROPN
dem-11736	292	12	,	,	PUNCT
dem-11736	292	13	joëts	joëts	PROPN
dem-11736	292	14	,	,	PUNCT
dem-11736	292	15	m.	m.	NOUN
dem-11736	292	16	,	,	PUNCT
dem-11736	292	17	tokpavi	tokpavi	PROPN
dem-11736	292	18	,	,	PUNCT
dem-11736	292	19	s.	s.	PROPN
dem-11736	292	20	(	(	PUNCT
dem-11736	292	21	2013	2013	NUM
dem-11736	292	22	)	)	PUNCT
dem-11736	292	23	,	,	PUNCT
dem-11736	292	24	testing	test	VERB
dem-11736	292	25	for	for	ADP
dem-11736	292	26	granger	granger	PROPN
dem-11736	292	27	causality	causality	NOUN
dem-11736	292	28	in	in	ADP
dem-11736	292	29	distribution	distribution	NOUN
dem-11736	292	30	tails	tail	NOUN
dem-11736	292	31	:	:	PUNCT
dem-11736	292	32	an	an	DET
dem-11736	292	33	application	application	NOUN
dem-11736	292	34	to	to	ADP
dem-11736	292	35	oil	oil	NOUN
dem-11736	292	36	markets	market	NOUN
dem-11736	292	37	integration	integration	NOUN
dem-11736	292	38	,	,	PUNCT
dem-11736	292	39	economic	economic	ADJ
dem-11736	292	40	modelling	modelling	NOUN
dem-11736	292	41	,	,	PUNCT
dem-11736	292	42	31	31	NUM
dem-11736	292	43	,	,	PUNCT
dem-11736	292	44	276–285	276–285	NUM
dem-11736	292	45	,	,	PUNCT
dem-11736	292	46	doi	doi	NOUN
dem-11736	292	47	:	:	PUNCT
dem-11736	292	48	http://dx.doi.org/10.1016/j.econmod.2012.11.049	http://dx.doi.org/10.1016/j.econmod.2012.11.049	PROPN
dem-11736	292	49	.	.	PUNCT
dem-11736	292	50	dowd	dowd	PROPN
dem-11736	292	51	,	,	PUNCT
dem-11736	292	52	k.	k.	PROPN
dem-11736	292	53	(	(	PUNCT
dem-11736	292	54	2004	2004	NUM
dem-11736	292	55	)	)	PUNCT
dem-11736	292	56	,	,	PUNCT
dem-11736	292	57	measuring	measure	VERB
dem-11736	292	58	market	market	NOUN
dem-11736	292	59	risk	risk	NOUN
dem-11736	292	60	,	,	PUNCT
dem-11736	292	61	john	john	PROPN
dem-11736	292	62	wiley	wiley	PROPN
dem-11736	292	63	&	&	CCONJ
dem-11736	292	64	sons	son	NOUN
dem-11736	292	65	,	,	PUNCT
dem-11736	292	66	west	west	PROPN
dem-11736	292	67	sussex	sussex	PROPN
dem-11736	292	68	,	,	PUNCT
dem-11736	292	69	doi	doi	NOUN
dem-11736	292	70	:	:	PUNCT
dem-11736	292	71	http://dx.doi.org/10.1002/9781118673485	http://dx.doi.org/10.1002/9781118673485	PROPN
dem-11736	292	72	.	.	PUNCT
dem-11736	293	1	dufour	dufour	PROPN
dem-11736	293	2	,	,	PUNCT
dem-11736	293	3	j.-m	j.-m	PROPN
dem-11736	293	4	.	.	PUNCT
dem-11736	294	1	(	(	PUNCT
dem-11736	294	2	2006	2006	NUM
dem-11736	294	3	)	)	PUNCT
dem-11736	294	4	,	,	PUNCT
dem-11736	294	5	monte	monte	PROPN
dem-11736	294	6	carlo	carlo	PROPN
dem-11736	294	7	tests	test	VERB
dem-11736	294	8	with	with	ADP
dem-11736	294	9	nuisance	nuisance	ADJ
dem-11736	294	10	parameters	parameter	NOUN
dem-11736	294	11	:	:	PUNCT
dem-11736	294	12	a	a	DET
dem-11736	294	13	general	general	ADJ
dem-11736	294	14	approach	approach	NOUN
dem-11736	294	15	to	to	PART
dem-11736	294	16	finite	finite	VERB
dem-11736	294	17	sample	sample	NOUN
dem-11736	294	18	inference	inference	NOUN
dem-11736	294	19	and	and	CCONJ
dem-11736	294	20	nonstandard	nonstandard	ADJ
dem-11736	294	21	asymptotics	asymptotic	NOUN
dem-11736	294	22	,	,	PUNCT
dem-11736	294	23	journal	journal	NOUN
dem-11736	294	24	of	of	ADP
dem-11736	294	25	econometrics	econometric	NOUN
dem-11736	294	26	,	,	PUNCT
dem-11736	294	27	27	27	NUM
dem-11736	294	28	(	(	PUNCT
dem-11736	294	29	2	2	NUM
dem-11736	294	30	)	)	PUNCT
dem-11736	294	31	,	,	PUNCT
dem-11736	294	32	443–477	443–477	NUM
dem-11736	294	33	,	,	PUNCT
dem-11736	294	34	doi	doi	NOUN
dem-11736	294	35	:	:	PUNCT
dem-11736	294	36	http://dx.doi.org/10.1016/j.jeconom.2005.06.007	http://dx.doi.org/10.1016/j.jeconom.2005.06.007	PROPN
dem-11736	294	37	.	.	PUNCT
dem-11736	295	1	fałdziński	fałdziński	NOUN
dem-11736	295	2	,	,	PUNCT
dem-11736	295	3	m.	m.	NOUN
dem-11736	295	4	(	(	PUNCT
dem-11736	295	5	2011	2011	NUM
dem-11736	295	6	)	)	PUNCT
dem-11736	295	7	,	,	PUNCT
dem-11736	295	8	on	on	ADP
dem-11736	295	9	the	the	DET
dem-11736	295	10	empirical	empirical	ADJ
dem-11736	295	11	importance	importance	NOUN
dem-11736	295	12	of	of	ADP
dem-11736	295	13	the	the	DET
dem-11736	295	14	spectral	spectral	ADJ
dem-11736	295	15	risk	risk	NOUN
dem-11736	295	16	measure	measure	NOUN
dem-11736	295	17	with	with	ADP
dem-11736	295	18	extreme	extreme	ADJ
dem-11736	295	19	value	value	NOUN
dem-11736	295	20	theory	theory	NOUN
dem-11736	295	21	approach	approach	NOUN
dem-11736	295	22	.	.	PUNCT
dem-11736	296	1	financial	financial	ADJ
dem-11736	296	2	markets	market	NOUN
dem-11736	296	3	principles	principle	NOUN
dem-11736	296	4	of	of	ADP
dem-11736	296	5	modelling	model	VERB
dem-11736	296	6	forecasting	forecasting	NOUN
dem-11736	296	7	and	and	CCONJ
dem-11736	296	8	decision	decision	NOUN
dem-11736	296	9	-	-	PUNCT
dem-11736	296	10	making	making	NOUN
dem-11736	296	11	,	,	PUNCT
dem-11736	296	12	findecon	findecon	NOUN
dem-11736	296	13	,	,	PUNCT
dem-11736	296	14	lodz	lodz	PROPN
dem-11736	296	15	,	,	PUNCT
dem-11736	296	16	73–86	73–86	NUM
dem-11736	296	17	,	,	PUNCT
dem-11736	296	18	fałdziński	fałdziński	NOUN
dem-11736	296	19	,	,	PUNCT
dem-11736	296	20	m.	m.	NOUN
dem-11736	296	21	(	(	PUNCT
dem-11736	296	22	2014	2014	NUM
dem-11736	296	23	)	)	PUNCT
dem-11736	296	24	,	,	PUNCT
dem-11736	296	25	teoria	teoria	X
dem-11736	296	26	wartości	wartości	PROPN
dem-11736	296	27	ekstremalnych	ekstremalnych	PROPN
dem-11736	296	28	w	w	PROPN
dem-11736	296	29	ekonometrii	ekonometrii	PROPN
dem-11736	296	30	finansowej	finansowej	PROPN
dem-11736	296	31	,	,	PUNCT
dem-11736	296	32	wydawnictwo	wydawnictwo	PROPN
dem-11736	296	33	umk	umk	PROPN
dem-11736	296	34	,	,	PUNCT
dem-11736	296	35	toruń	toruń	NOUN
dem-11736	296	36	,	,	PUNCT
dem-11736	296	37	fałdziński	fałdziński	NOUN
dem-11736	296	38	,	,	PUNCT
dem-11736	296	39	m.	m.	NOUN
dem-11736	296	40	,	,	PUNCT
dem-11736	296	41	osińska	osińska	NOUN
dem-11736	296	42	,	,	PUNCT
dem-11736	296	43	m.	m.	NOUN
dem-11736	296	44	,	,	PUNCT
dem-11736	296	45	zdanowicz	zdanowicz	NOUN
dem-11736	296	46	,	,	PUNCT
dem-11736	296	47	t.	t.	PROPN
dem-11736	296	48	(	(	PUNCT
dem-11736	296	49	2012	2012	NUM
dem-11736	296	50	)	)	PUNCT
dem-11736	296	51	,	,	PUNCT
dem-11736	296	52	detecting	detect	VERB
dem-11736	296	53	risk	risk	NOUN
dem-11736	296	54	transfer	transfer	NOUN
dem-11736	296	55	in	in	ADP
dem-11736	296	56	financial	financial	ADJ
dem-11736	296	57	markets	market	NOUN
dem-11736	296	58	using	use	VERB
dem-11736	296	59	different	different	ADJ
dem-11736	296	60	risk	risk	NOUN
dem-11736	296	61	measures	measure	NOUN
dem-11736	296	62	,	,	PUNCT
dem-11736	296	63	central	central	ADJ
dem-11736	296	64	european	european	ADJ
dem-11736	296	65	journal	journal	NOUN
dem-11736	296	66	of	of	ADP
dem-11736	296	67	economic	economic	ADJ
dem-11736	296	68	modelling	modelling	NOUN
dem-11736	296	69	and	and	CCONJ
dem-11736	296	70	econometrics	econometric	NOUN
dem-11736	296	71	,	,	PUNCT
dem-11736	296	72	vol	vol	NOUN
dem-11736	296	73	.	.	PROPN
dem-11736	296	74	4	4	NUM
dem-11736	296	75	,	,	PUNCT
dem-11736	296	76	issue	issue	NOUN
dem-11736	296	77	1	1	NUM
dem-11736	296	78	,	,	PUNCT
dem-11736	296	79	45–64	45–64	NUM
dem-11736	296	80	,	,	PUNCT
dem-11736	296	81	forbes	forbes	PROPN
dem-11736	296	82	,	,	PUNCT
dem-11736	296	83	k.	k.	PROPN
dem-11736	296	84	j.	j.	PROPN
dem-11736	296	85	,	,	PUNCT
dem-11736	296	86	rigobon	rigobon	PROPN
dem-11736	296	87	,	,	PUNCT
dem-11736	296	88	r.	r.	PROPN
dem-11736	296	89	(	(	PUNCT
dem-11736	296	90	2002	2002	NUM
dem-11736	296	91	)	)	PUNCT
dem-11736	296	92	,	,	PUNCT
dem-11736	296	93	no	no	DET
dem-11736	296	94	contagion	contagion	NOUN
dem-11736	296	95	,	,	PUNCT
dem-11736	296	96	only	only	ADV
dem-11736	296	97	interdependence	interdependence	NOUN
dem-11736	296	98	:	:	PUNCT
dem-11736	296	99	measuring	measure	VERB
dem-11736	296	100	stock	stock	NOUN
dem-11736	296	101	market	market	NOUN
dem-11736	296	102	comovements	comovement	NOUN
dem-11736	296	103	,	,	PUNCT
dem-11736	296	104	the	the	DET
dem-11736	296	105	journal	journal	NOUN
dem-11736	296	106	of	of	ADP
dem-11736	296	107	finance	finance	NOUN
dem-11736	296	108	,	,	PUNCT
dem-11736	296	109	57(5	57(5	NOUN
dem-11736	296	110	)	)	PUNCT
dem-11736	296	111	,	,	PUNCT
dem-11736	296	112	2223–2261	2223–2261	NUM
dem-11736	296	113	,	,	PUNCT
dem-11736	296	114	doi	doi	NOUN
dem-11736	296	115	:	:	PUNCT
dem-11736	296	116	http://dx.doi.org/10.1111/0022-1082.00494	http://dx.doi.org/10.1111/0022-1082.00494	X
dem-11736	296	117	.	.	NOUN
dem-11736	296	118	garman	garman	PROPN
dem-11736	296	119	,	,	PUNCT
dem-11736	296	120	m.b	m.b	PROPN
dem-11736	296	121	.	.	PROPN
dem-11736	296	122	,	,	PUNCT
dem-11736	296	123	klass	klass	PROPN
dem-11736	296	124	,	,	PUNCT
dem-11736	296	125	m.j	m.j	PROPN
dem-11736	296	126	.	.	PROPN
dem-11736	296	127	(	(	PUNCT
dem-11736	296	128	1980	1980	NUM
dem-11736	296	129	)	)	PUNCT
dem-11736	296	130	,	,	PUNCT
dem-11736	296	131	on	on	ADP
dem-11736	296	132	the	the	DET
dem-11736	296	133	estimation	estimation	NOUN
dem-11736	296	134	of	of	ADP
dem-11736	296	135	security	security	NOUN
dem-11736	296	136	price	price	NOUN
dem-11736	296	137	volatilities	volatility	NOUN
dem-11736	296	138	from	from	ADP
dem-11736	296	139	historical	historical	ADJ
dem-11736	296	140	data	datum	NOUN
dem-11736	296	141	,	,	PUNCT
dem-11736	296	142	journal	journal	NOUN
dem-11736	296	143	of	of	ADP
dem-11736	296	144	business	business	NOUN
dem-11736	296	145	53	53	NUM
dem-11736	296	146	,	,	PUNCT
dem-11736	296	147	67–78	67–78	NUM
dem-11736	296	148	,	,	PUNCT
dem-11736	296	149	hong	hong	PROPN
dem-11736	296	150	,	,	PUNCT
dem-11736	296	151	y.	y.	PROPN
dem-11736	296	152	(	(	PUNCT
dem-11736	296	153	2001	2001	NUM
dem-11736	296	154	)	)	PUNCT
dem-11736	296	155	,	,	PUNCT
dem-11736	296	156	a	a	DET
dem-11736	296	157	test	test	NOUN
dem-11736	296	158	for	for	ADP
dem-11736	296	159	volatility	volatility	NOUN
dem-11736	296	160	spillover	spillover	VERB
dem-11736	296	161	with	with	ADP
dem-11736	296	162	applications	application	NOUN
dem-11736	296	163	to	to	PART
dem-11736	296	164	exchange	exchange	VERB
dem-11736	296	165	rates	rate	NOUN
dem-11736	296	166	,	,	PUNCT
dem-11736	296	167	journal	journal	NOUN
dem-11736	296	168	of	of	ADP
dem-11736	296	169	econometrics	econometric	NOUN
dem-11736	296	170	,	,	PUNCT
dem-11736	296	171	103(1–2	103(1–2	NUM
dem-11736	296	172	)	)	PUNCT
dem-11736	296	173	,	,	PUNCT
dem-11736	296	174	183–224	183–224	NUM
dem-11736	296	175	,	,	PUNCT
dem-11736	296	176	doi	doi	NOUN
dem-11736	296	177	:	:	PUNCT
dem-11736	296	178	http://dx.doi.org/10.1016/s0304-4076(01)00043-4	http://dx.doi.org/10.1016/s0304-4076(01)00043-4	PROPN
dem-11736	296	179	.	.	PUNCT
dem-11736	297	1	hong	hong	PROPN
dem-11736	297	2	,	,	PUNCT
dem-11736	297	3	y.	y.	PROPN
dem-11736	297	4	,	,	PUNCT
dem-11736	297	5	liu	liu	PROPN
dem-11736	297	6	,	,	PUNCT
dem-11736	297	7	y.	y.	PROPN
dem-11736	297	8	,	,	PUNCT
dem-11736	297	9	wang	wang	PROPN
dem-11736	297	10	,	,	PUNCT
dem-11736	297	11	s.	s.	PROPN
dem-11736	297	12	(	(	PUNCT
dem-11736	297	13	2009	2009	NUM
dem-11736	297	14	)	)	PUNCT
dem-11736	297	15	,	,	PUNCT
dem-11736	297	16	granger	granger	PROPN
dem-11736	297	17	causality	causality	PROPN
dem-11736	297	18	in	in	ADP
dem-11736	297	19	risk	risk	NOUN
dem-11736	297	20	and	and	CCONJ
dem-11736	297	21	detection	detection	NOUN
dem-11736	297	22	of	of	ADP
dem-11736	297	23	extreme	extreme	ADJ
dem-11736	297	24	risk	risk	NOUN
dem-11736	297	25	spillover	spillover	NOUN
dem-11736	297	26	between	between	ADP
dem-11736	297	27	financial	financial	ADJ
dem-11736	297	28	markets	market	NOUN
dem-11736	297	29	,	,	PUNCT
dem-11736	297	30	journal	journal	NOUN
dem-11736	297	31	of	of	ADP
dem-11736	297	32	econometrics	econometric	NOUN
dem-11736	297	33	,	,	PUNCT
dem-11736	297	34	150(2	150(2	NUM
dem-11736	297	35	)	)	PUNCT
dem-11736	297	36	,	,	PUNCT
dem-11736	297	37	271–287	271–287	NUM
dem-11736	297	38	,	,	PUNCT
dem-11736	297	39	doi	doi	NOUN
dem-11736	297	40	:	:	PUNCT
dem-11736	298	1	http://dx.doi.org/10.1016/j.jeconom.2008.12.013	http://dx.doi.org/10.1016/j.jeconom.2008.12.013	PROPN
dem-11736	298	2	.	.	PROPN
dem-11736	298	3	lardy	lardy	PROPN
dem-11736	298	4	,	,	PUNCT
dem-11736	298	5	n.	n.	PROPN
dem-11736	298	6	(	(	PUNCT
dem-11736	298	7	1998	1998	NUM
dem-11736	298	8	)	)	PUNCT
dem-11736	298	9	,	,	PUNCT
dem-11736	298	10	china	china	PROPN
dem-11736	298	11	and	and	CCONJ
dem-11736	298	12	the	the	DET
dem-11736	298	13	asian	asian	ADJ
dem-11736	298	14	contagion	contagion	NOUN
dem-11736	298	15	,	,	PUNCT
dem-11736	298	16	foreign	foreign	ADJ
dem-11736	298	17	affairs	affair	NOUN
dem-11736	298	18	,	,	PUNCT
dem-11736	298	19	77	77	NUM
dem-11736	298	20	,	,	PUNCT
dem-11736	298	21	78–88	78–88	NUM
dem-11736	298	22	,	,	PUNCT
dem-11736	298	23	doi	doi	NOUN
dem-11736	298	24	:	:	PUNCT
dem-11736	298	25	http://dx.doi.org/10.2307/20048967	http://dx.doi.org/10.2307/20048967	PROPN
dem-11736	298	26	.	.	PUNCT
dem-11736	299	1	lopez	lopez	PROPN
dem-11736	299	2	,	,	PUNCT
dem-11736	299	3	j.a	j.a	PROPN
dem-11736	299	4	.	.	PROPN
dem-11736	299	5	(	(	PUNCT
dem-11736	299	6	1998	1998	NUM
dem-11736	299	7	)	)	PUNCT
dem-11736	299	8	,	,	PUNCT
dem-11736	299	9	regulatory	regulatory	ADJ
dem-11736	299	10	evaluation	evaluation	NOUN
dem-11736	299	11	of	of	ADP
dem-11736	299	12	value	value	NOUN
dem-11736	299	13	-	-	PUNCT
dem-11736	299	14	at	at	ADP
dem-11736	299	15	-	-	PUNCT
dem-11736	299	16	risk	risk	NOUN
dem-11736	299	17	models	model	NOUN
dem-11736	299	18	,	,	PUNCT
dem-11736	299	19	federal	federal	PROPN
dem-11736	299	20	reserve	reserve	PROPN
dem-11736	299	21	bank	bank	PROPN
dem-11736	299	22	of	of	ADP
dem-11736	299	23	new	new	PROPN
dem-11736	299	24	york	york	PROPN
dem-11736	299	25	economic	economic	ADJ
dem-11736	299	26	policy	policy	NOUN
dem-11736	299	27	review	review	NOUN
dem-11736	299	28	,	,	PUNCT
dem-11736	299	29	october	october	PROPN
dem-11736	299	30	,	,	PUNCT
dem-11736	299	31	119–124	119–124	NUM
dem-11736	299	32	,	,	PUNCT
dem-11736	299	33	doi	doi	NOUN
dem-11736	299	34	:	:	PUNCT
dem-11736	299	35	http://dx.doi.org/10.21314/jor.1999.005	http://dx.doi.org/10.21314/jor.1999.005	PROPN
dem-11736	299	36	.	.	PUNCT
dem-11736	300	1	mcneil	mcneil	PROPN
dem-11736	300	2	,	,	PUNCT
dem-11736	300	3	j.a	j.a	PROPN
dem-11736	300	4	.	.	PROPN
dem-11736	300	5	,	,	PUNCT
dem-11736	300	6	frey	frey	PROPN
dem-11736	300	7	,	,	PUNCT
dem-11736	300	8	f.	f.	PROPN
dem-11736	300	9	(	(	PUNCT
dem-11736	300	10	2000	2000	NUM
dem-11736	300	11	)	)	PUNCT
dem-11736	300	12	,	,	PUNCT
dem-11736	300	13	estimation	estimation	NOUN
dem-11736	300	14	of	of	ADP
dem-11736	300	15	tail	tail	NOUN
dem-11736	300	16	-	-	PUNCT
dem-11736	300	17	related	relate	VERB
dem-11736	300	18	risk	risk	NOUN
dem-11736	300	19	measures	measure	NOUN
dem-11736	300	20	for	for	ADP
dem-11736	300	21	heteroscedastic	heteroscedastic	ADJ
dem-11736	300	22	financial	financial	ADJ
dem-11736	300	23	time	time	NOUN
dem-11736	300	24	series	series	PROPN
dem-11736	300	25	:	:	PUNCT
dem-11736	300	26	an	an	DET
dem-11736	300	27	extreme	extreme	ADJ
dem-11736	300	28	value	value	NOUN
dem-11736	300	29	approach	approach	NOUN
dem-11736	300	30	,	,	PUNCT
dem-11736	300	31	journal	journal	NOUN
dem-11736	300	32	of	of	ADP
dem-11736	300	33	empirical	empirical	ADJ
dem-11736	300	34	finance	finance	NOUN
dem-11736	300	35	,	,	PUNCT
dem-11736	300	36	7	7	NUM
dem-11736	300	37	,	,	PUNCT
dem-11736	300	38	271–300	271–300	NUM
dem-11736	300	39	,	,	PUNCT
dem-11736	300	40	doi	doi	NOUN
dem-11736	300	41	:	:	PUNCT
dem-11736	300	42	http://dx.doi.org/10.1016/s0927-5398(00)00012-8	http://dx.doi.org/10.1016/s0927-5398(00)00012-8	PROPN
dem-11736	300	43	.	.	PUNCT
dem-11736	300	44	osińska	osińska	PROPN
dem-11736	300	45	,	,	PUNCT
dem-11736	300	46	m.	m.	NOUN
dem-11736	300	47	,	,	PUNCT
dem-11736	300	48	fałdziński	fałdziński	NOUN
dem-11736	300	49	,	,	PUNCT
dem-11736	300	50	m.	m.	NOUN
dem-11736	300	51	,	,	PUNCT
dem-11736	300	52	zdanowicz	zdanowicz	NOUN
dem-11736	300	53	,	,	PUNCT
dem-11736	300	54	t.	t.	PROPN
dem-11736	300	55	(	(	PUNCT
dem-11736	300	56	2012	2012	NUM
dem-11736	300	57	)	)	PUNCT
dem-11736	300	58	,	,	PUNCT
dem-11736	300	59	econometric	econometric	VERB
dem-11736	300	60	analysis	analysis	NOUN
dem-11736	300	61	of	of	ADP
dem-11736	300	62	the	the	DET
dem-11736	300	63	risk	risk	NOUN
dem-11736	300	64	transfer	transfer	NOUN
dem-11736	300	65	in	in	ADP
dem-11736	300	66	capital	capital	NOUN
dem-11736	300	67	markets	market	NOUN
dem-11736	300	68	.	.	PUNCT
dem-11736	301	1	the	the	DET
dem-11736	301	2	case	case	NOUN
dem-11736	301	3	of	of	ADP
dem-11736	301	4	china	china	PROPN
dem-11736	301	5	,	,	PUNCT
dem-11736	301	6	argumenta	argumenta	PROPN
dem-11736	301	7	oeconomica	oeconomica	PROPN
dem-11736	301	8	,	,	PUNCT
dem-11736	301	9	2(29	2(29	NUM
dem-11736	301	10	)	)	PUNCT
dem-11736	301	11	,	,	PUNCT
dem-11736	301	12	139–164	139–164	NUM
dem-11736	301	13	,	,	PUNCT
dem-11736	301	14	parkinson	parkinson	NOUN
dem-11736	301	15	,	,	PUNCT
dem-11736	301	16	m.	m.	NOUN
dem-11736	301	17	(	(	PUNCT
dem-11736	301	18	1980	1980	NUM
dem-11736	301	19	)	)	PUNCT
dem-11736	301	20	,	,	PUNCT
dem-11736	301	21	the	the	DET
dem-11736	301	22	extreme	extreme	ADJ
dem-11736	301	23	value	value	NOUN
dem-11736	301	24	method	method	NOUN
dem-11736	301	25	for	for	ADP
dem-11736	301	26	estimating	estimate	VERB
dem-11736	301	27	the	the	DET
dem-11736	301	28	variance	variance	NOUN
dem-11736	301	29	of	of	ADP
dem-11736	301	30	the	the	DET
dem-11736	301	31	rate	rate	NOUN
dem-11736	301	32	of	of	ADP
dem-11736	301	33	return	return	NOUN
dem-11736	301	34	,	,	PUNCT
dem-11736	301	35	journal	journal	NOUN
dem-11736	301	36	of	of	ADP
dem-11736	301	37	business	business	NOUN
dem-11736	301	38	53	53	NUM
dem-11736	301	39	,	,	PUNCT
dem-11736	301	40	61–65	61–65	NUM
dem-11736	301	41	,	,	PUNCT
dem-11736	301	42	doi	doi	NOUN
dem-11736	301	43	:	:	PUNCT
dem-11736	301	44	http://dx.doi.org/10.1086/296071	http://dx.doi.org/10.1086/296071	PROPN
dem-11736	301	45	.	.	PUNCT
dem-11736	302	1	peek	peek	PROPN
dem-11736	302	2	,	,	PUNCT
dem-11736	302	3	j.	j.	PROPN
dem-11736	302	4	,	,	PUNCT
dem-11736	302	5	rosengre	rosengre	VERB
dem-11736	302	6	,	,	PUNCT
dem-11736	302	7	e.s	e.s	PROPN
dem-11736	302	8	.	.	PROPN
dem-11736	302	9	(	(	PUNCT
dem-11736	302	10	1997	1997	NUM
dem-11736	302	11	)	)	PUNCT
dem-11736	302	12	,	,	PUNCT
dem-11736	302	13	the	the	DET
dem-11736	302	14	international	international	ADJ
dem-11736	302	15	transmission	transmission	NOUN
dem-11736	302	16	of	of	ADP
dem-11736	302	17	financial	financial	ADJ
dem-11736	302	18	shocks	shock	NOUN
dem-11736	302	19	:	:	PUNCT
dem-11736	302	20	the	the	DET
dem-11736	302	21	case	case	NOUN
dem-11736	302	22	of	of	ADP
dem-11736	302	23	japan	japan	PROPN
dem-11736	302	24	,	,	PUNCT
dem-11736	302	25	the	the	DET
dem-11736	302	26	american	american	PROPN
dem-11736	302	27	economic	economic	PROPN
dem-11736	302	28	review	review	PROPN
dem-11736	302	29	,	,	PUNCT
dem-11736	302	30	87	87	NUM
dem-11736	302	31	,	,	PUNCT
dem-11736	302	32	495–505	495–505	NUM
dem-11736	302	33	,	,	PUNCT
dem-11736	302	34	doi	doi	NOUN
dem-11736	302	35	:	:	PUNCT
dem-11736	302	36	http://dx.doi.org/10.2139/ssrn.36583	http://dx.doi.org/10.2139/ssrn.36583	NOUN
dem-11736	302	37	.	.	NOUN
dem-11736	302	38	pickands	pickand	NOUN
dem-11736	302	39	,	,	PUNCT
dem-11736	302	40	j.	j.	PROPN
dem-11736	302	41	(	(	PUNCT
dem-11736	302	42	1975	1975	NUM
dem-11736	302	43	)	)	PUNCT
dem-11736	302	44	,	,	PUNCT
dem-11736	302	45	statistical	statistical	ADJ
dem-11736	302	46	inference	inference	NOUN
dem-11736	302	47	using	use	VERB
dem-11736	302	48	extreme	extreme	ADJ
dem-11736	302	49	order	order	NOUN
dem-11736	302	50	statistics	statistic	NOUN
dem-11736	302	51	,	,	PUNCT
dem-11736	302	52	annals	annal	NOUN
dem-11736	302	53	of	of	ADP
dem-11736	302	54	statistics	statistic	NOUN
dem-11736	302	55	,	,	PUNCT
dem-11736	302	56	3(1	3(1	NUM
dem-11736	302	57	)	)	PUNCT
dem-11736	302	58	,	,	PUNCT
dem-11736	302	59	119–131	119–131	NUM
dem-11736	302	60	,	,	PUNCT
dem-11736	302	61	rogers	roger	NOUN
dem-11736	302	62	,	,	PUNCT
dem-11736	302	63	l.c.g	l.c.g	VERB
dem-11736	302	64	.	.	PUNCT
dem-11736	302	65	,	,	PUNCT
dem-11736	302	66	satchell	satchell	VERB
dem-11736	302	67	s.e	s.e	PROPN
dem-11736	302	68	.	.	PROPN
dem-11736	302	69	(	(	PUNCT
dem-11736	302	70	1991	1991	NUM
dem-11736	302	71	)	)	PUNCT
dem-11736	302	72	,	,	PUNCT
dem-11736	302	73	estimating	estimate	VERB
dem-11736	302	74	variance	variance	NOUN
dem-11736	302	75	from	from	ADP
dem-11736	302	76	high	high	ADJ
dem-11736	302	77	,	,	PUNCT
dem-11736	302	78	low	low	ADJ
dem-11736	302	79	and	and	CCONJ
dem-11736	302	80	closing	closing	NOUN
dem-11736	302	81	prices	price	NOUN
dem-11736	302	82	,	,	PUNCT
dem-11736	302	83	annals	annal	NOUN
dem-11736	302	84	of	of	ADP
dem-11736	302	85	applied	apply	VERB
dem-11736	302	86	probability	probability	NOUN
dem-11736	302	87	1	1	NUM
dem-11736	302	88	,	,	PUNCT
dem-11736	302	89	504–512	504–512	NUM
dem-11736	302	90	,	,	PUNCT
dem-11736	302	91	doi	doi	NOUN
dem-11736	302	92	:	:	PUNCT
dem-11736	302	93	http://dx.doi.org/10.1214/aoap/1177005835	http://dx.doi.org/10.1214/aoap/1177005835	NOUN
dem-11736	302	94	.	.	PUNCT
dem-11736	303	1	http://dx.doi.org/10.1016/j.econmod.2012.11.049	http://dx.doi.org/10.1016/j.econmod.2012.11.049	PROPN
dem-11736	303	2	volatility	volatility	NOUN
dem-11736	303	3	estimators	estimator	NOUN
dem-11736	303	4	in	in	ADP
dem-11736	303	5	econometric	econometric	ADJ
dem-11736	303	6	analysis	analysis	NOUN
dem-11736	303	7	of	of	ADP
dem-11736	303	8	risk	risk	NOUN
dem-11736	303	9	transfer	transfer	NOUN
dem-11736	303	10	on	on	ADP
dem-11736	303	11	capital	capital	NOUN
dem-11736	303	12	markets	market	NOUN
dem-11736	303	13	dynamic	dynamic	ADJ
dem-11736	303	14	econometric	econometric	ADJ
dem-11736	303	15	models	model	NOUN
dem-11736	303	16	16	16	NUM
dem-11736	303	17	(	(	PUNCT
dem-11736	303	18	2016	2016	NUM
dem-11736	303	19	)	)	PUNCT
dem-11736	303	20	21–35	21–35	NUM
dem-11736	303	21	35	35	NUM
dem-11736	303	22	sarma	sarma	NOUN
dem-11736	303	23	,	,	PUNCT
dem-11736	303	24	m.	m.	NOUN
dem-11736	303	25	,	,	PUNCT
dem-11736	303	26	thomas	thomas	PROPN
dem-11736	303	27	,	,	PUNCT
dem-11736	303	28	s.	s.	PROPN
dem-11736	303	29	,	,	PUNCT
dem-11736	303	30	shah	shah	NOUN
dem-11736	303	31	,	,	PUNCT
dem-11736	303	32	a.	a.	NOUN
dem-11736	303	33	(	(	PUNCT
dem-11736	303	34	2003	2003	NUM
dem-11736	303	35	)	)	PUNCT
dem-11736	303	36	,	,	PUNCT
dem-11736	303	37	selection	selection	NOUN
dem-11736	303	38	of	of	ADP
dem-11736	303	39	value	value	NOUN
dem-11736	303	40	-	-	PUNCT
dem-11736	303	41	at	at	ADP
dem-11736	303	42	-	-	PUNCT
dem-11736	303	43	risk	risk	NOUN
dem-11736	303	44	models	model	NOUN
dem-11736	303	45	,	,	PUNCT
dem-11736	303	46	journal	journal	NOUN
dem-11736	303	47	of	of	ADP
dem-11736	303	48	forecasting	forecasting	NOUN
dem-11736	303	49	,	,	PUNCT
dem-11736	303	50	22	22	NUM
dem-11736	303	51	,	,	PUNCT
dem-11736	303	52	337–358	337–358	NUM
dem-11736	303	53	,	,	PUNCT
dem-11736	303	54	doi	doi	NOUN
dem-11736	303	55	:	:	PUNCT
dem-11736	303	56	http://dx.doi.org/10.1002/for.868	http://dx.doi.org/10.1002/for.868	PROPN
dem-11736	303	57	.	.	PUNCT
dem-11736	304	1	yang	yang	PROPN
dem-11736	304	2	,	,	PUNCT
dem-11736	304	3	d.	d.	PROPN
dem-11736	304	4	,	,	PUNCT
dem-11736	304	5	zhang	zhang	PROPN
dem-11736	304	6	,	,	PUNCT
dem-11736	304	7	q.	q.	PROPN
dem-11736	304	8	(	(	PUNCT
dem-11736	304	9	2000	2000	NUM
dem-11736	304	10	)	)	PUNCT
dem-11736	304	11	,	,	PUNCT
dem-11736	304	12	drift	drift	NOUN
dem-11736	304	13	independent	independent	ADJ
dem-11736	304	14	volatility	volatility	NOUN
dem-11736	304	15	estimation	estimation	NOUN
dem-11736	304	16	based	base	VERB
dem-11736	304	17	on	on	ADP
dem-11736	304	18	high	high	ADJ
dem-11736	304	19	,	,	PUNCT
dem-11736	304	20	low	low	ADJ
dem-11736	304	21	,	,	PUNCT
dem-11736	304	22	open	open	ADJ
dem-11736	304	23	and	and	CCONJ
dem-11736	304	24	close	close	ADJ
dem-11736	304	25	prices	price	NOUN
dem-11736	304	26	,	,	PUNCT
dem-11736	304	27	journal	journal	NOUN
dem-11736	304	28	of	of	ADP
dem-11736	304	29	business	business	NOUN
dem-11736	304	30	73	73	NUM
dem-11736	304	31	,	,	PUNCT
dem-11736	304	32	477–492	477–492	NUM
dem-11736	304	33	,	,	PUNCT
dem-11736	304	34	doi	doi	NOUN
dem-11736	304	35	:	:	PUNCT
dem-11736	304	36	http://dx.doi.org/10.1086/209650	http://dx.doi.org/10.1086/209650	NOUN
dem-11736	304	37	.	.	PUNCT
dem-11736	305	1	zakoian	zakoian	NOUN
dem-11736	305	2	,	,	PUNCT
dem-11736	305	3	j.-m	j.-m	PROPN
dem-11736	305	4	.	.	PUNCT
dem-11736	306	1	(	(	PUNCT
dem-11736	306	2	1994	1994	NUM
dem-11736	306	3	)	)	PUNCT
dem-11736	306	4	,	,	PUNCT
dem-11736	306	5	threshold	threshold	VERB
dem-11736	306	6	heteroscedastic	heteroscedastic	ADJ
dem-11736	306	7	models	model	NOUN
dem-11736	306	8	,	,	PUNCT
dem-11736	306	9	journal	journal	NOUN
dem-11736	306	10	of	of	ADP
dem-11736	306	11	economic	economic	ADJ
dem-11736	306	12	dynamics	dynamic	NOUN
dem-11736	306	13	and	and	CCONJ
dem-11736	306	14	control	control	NOUN
dem-11736	306	15	,	,	PUNCT
dem-11736	306	16	18	18	NUM
dem-11736	306	17	(	(	PUNCT
dem-11736	306	18	5	5	NUM
dem-11736	306	19	)	)	PUNCT
dem-11736	306	20	,	,	PUNCT
dem-11736	306	21	931–955	931–955	NUM
dem-11736	306	22	.	.	PUNCT
dem-11736	307	1	estymatory	estymatory	PROPN
dem-11736	307	2	zmienności	zmienności	PROPN
dem-11736	307	3	w	w	PROPN
dem-11736	307	4	ekonometrycznej	ekonometrycznej	PROPN
dem-11736	307	5	analizie	analizie	PROPN
dem-11736	307	6	transferu	transferu	PROPN
dem-11736	307	7	ryzyka	ryzyka	PROPN
dem-11736	307	8	na	na	INTJ
dem-11736	307	9	rynkach	rynkach	NOUN
dem-11736	307	10	kapitałowych	kapitałowych	VERB
dem-11736	307	11	z	z	NOUN
dem-11736	307	12	a	a	DET
dem-11736	307	13	r	r	NOUN
dem-11736	307	14	y	y	PROPN
dem-11736	307	15	s	s	PROPN
dem-11736	307	16	t	t	NOUN
dem-11736	307	17	r	r	NOUN
dem-11736	307	18	e	e	PROPN
dem-11736	307	19	ś	ś	PROPN
dem-11736	307	20	c	c	PROPN
dem-11736	307	21	i.	i.	PROPN
dem-11736	307	22	celem	celem	PROPN
dem-11736	307	23	badania	badania	PROPN
dem-11736	307	24	jest	jest	PROPN
dem-11736	307	25	porównanie	porównanie	PROPN
dem-11736	307	26	wykorzystania	wykorzystania	PROPN
dem-11736	307	27	różnych	różnych	PROPN
dem-11736	307	28	estymatorów	estymatorów	PROPN
dem-11736	307	29	zmienności	zmienności	PROPN
dem-11736	307	30	,	,	PUNCT
dem-11736	307	31	zastosowanych	zastosowanych	PROPN
dem-11736	307	32	do	do	VERB
dem-11736	307	33	testowania	testowania	NOUN
dem-11736	307	34	przyczynowości	przyczynowości	PROPN
dem-11736	307	35	w	w	PROPN
dem-11736	307	36	ryzyku	ryzyku	PROPN
dem-11736	307	37	,	,	PUNCT
dem-11736	307	38	między	między	ADJ
dem-11736	307	39	kilkoma	kilkoma	PROPN
dem-11736	307	40	wybranymi	wybranymi	VERB
dem-11736	307	41	rynkami	rynkami	ADV
dem-11736	307	42	wschodzącymi	wschodzącymi	VERB
dem-11736	307	43	i	i	PRON
dem-11736	307	44	rozwiniętymi	rozwiniętymi	VERB
dem-11736	307	45	.	.	PUNCT
dem-11736	308	1	w	w	PROPN
dem-11736	308	2	pracy	pracy	PROPN
dem-11736	308	3	uwzględniono	uwzględniono	PROPN
dem-11736	308	4	następujące	następujące	PROPN
dem-11736	308	5	estymatory	estymatory	PROPN
dem-11736	308	6	zmienności	zmienności	PROPN
dem-11736	308	7	:	:	PUNCT
dem-11736	308	8	parkinsona	parkinsona	NOUN
dem-11736	308	9	,	,	PUNCT
dem-11736	308	10	garmana	garmana	PROPN
dem-11736	309	1	i	i	PRON
dem-11736	309	2	klassa	klassa	ADJ
dem-11736	309	3	,	,	PUNCT
dem-11736	309	4	rogersa	rogersa	NOUN
dem-11736	309	5	i	i	PRON
dem-11736	309	6	satchella	satchella	VERB
dem-11736	309	7	,	,	PUNCT
dem-11736	309	8	garmana	garmana	PROPN
dem-11736	309	9	,	,	PUNCT
dem-11736	309	10	klassa	klassa	ADJ
dem-11736	309	11	,	,	PUNCT
dem-11736	309	12	yanga	yanga	NOUN
dem-11736	309	13	i	i	PRON
dem-11736	309	14	zhanga	zhanga	VERB
dem-11736	309	15	,	,	PUNCT
dem-11736	309	16	yanga	yanga	NOUN
dem-11736	309	17	i	i	PRON
dem-11736	309	18	zhanga	zhanga	PROPN
dem-11736	309	19	oraz	oraz	PROPN
dem-11736	309	20	model	model	PROPN
dem-11736	309	21	garch(1,1)-t	garch(1,1)-t	PROPN
dem-11736	309	22	.	.	PUNCT
dem-11736	310	1	dodatkowo	dodatkowo	PROPN
dem-11736	310	2	wykorzystano	wykorzystano	PROPN
dem-11736	310	3	narzędzia	narzędzia	PROPN
dem-11736	310	4	teorii	teorii	PROPN
dem-11736	310	5	wartości	wartości	PROPN
dem-11736	310	6	ekstremalnych	ekstremalnych	PROPN
dem-11736	310	7	.	.	PUNCT
dem-11736	311	1	kilka	kilka	PROPN
dem-11736	311	2	wybranych	wybranych	VERB
dem-11736	311	3	rynków	rynków	PROPN
dem-11736	311	4	wschodzących	wschodzących	PROPN
dem-11736	311	5	zostało	zostało	PROPN
dem-11736	311	6	przebadanych	przebadanych	NOUN
dem-11736	311	7	,	,	PUNCT
dem-11736	311	8	czy	czy	PROPN
dem-11736	311	9	są	są	PROPN
dem-11736	311	10	źródłem	źródłem	PROPN
dem-11736	311	11	ryzyka	ryzyka	NOUN
dem-11736	311	12	dla	dla	NOUN
dem-11736	311	13	rynków	rynków	PROPN
dem-11736	311	14	rozwijających	rozwijających	NOUN
dem-11736	311	15	i	i	PRON
dem-11736	311	16	rozwiniętych	rozwiniętych	VERB
dem-11736	311	17	.	.	PUNCT
dem-11736	312	1	wyniki	wyniki	PROPN
dem-11736	312	2	pokazują	pokazują	PROPN
dem-11736	312	3	,	,	PUNCT
dem-11736	312	4	że	że	PROPN
dem-11736	312	5	przyczynowość	przyczynowość	PROPN
dem-11736	312	6	w	w	PROPN
dem-11736	312	7	ryzyku	ryzyku	PROPN
dem-11736	312	8	występuje	występuje	NOUN
dem-11736	312	9	rzadziej	rzadziej	PROPN
dem-11736	312	10	w	w	PROPN
dem-11736	312	11	przypadku	przypadku	PROPN
dem-11736	312	12	modeli	modeli	PROPN
dem-11736	312	13	z	z	PROPN
dem-11736	312	14	wykorzystaniem	wykorzystaniem	PROPN
dem-11736	312	15	teorii	teorii	PROPN
dem-11736	312	16	wartości	wartości	PROPN
dem-11736	312	17	ekstremalnych	ekstremalnych	PROPN
dem-11736	312	18	.	.	PUNCT
dem-11736	313	1	s	s	PART
dem-11736	314	1	ł	ł	PROPN
dem-11736	314	2	o	o	X
dem-11736	314	3	w	w	NOUN
dem-11736	314	4	a	a	DET
dem-11736	314	5	k	k	X
dem-11736	314	6	l	l	NOUN
dem-11736	314	7	u	u	NOUN
dem-11736	315	1	c	c	NOUN
dem-11736	315	2	z	z	NOUN
dem-11736	315	3	o	o	X
dem-11736	315	4	w	w	PROPN
dem-11736	316	1	e	e	NOUN
dem-11736	316	2	:	:	PUNCT
dem-11736	316	3	przyczynowość	przyczynowość	PROPN
dem-11736	316	4	w	w	PROPN
dem-11736	316	5	ryzyku	ryzyku	PROPN
dem-11736	316	6	,	,	PUNCT
dem-11736	316	7	teoria	teoria	X
dem-11736	316	8	wartości	wartości	PROPN
dem-11736	316	9	ekstremalnych	ekstremalnych	NOUN
dem-11736	316	10	,	,	PUNCT
dem-11736	316	11	rozwój	rozwój	PROPN
dem-11736	316	12	rynków	rynków	PROPN
dem-11736	316	13	wschodzących	wschodzących	NOUN
dem-11736	316	14	,	,	PUNCT
dem-11736	316	15	transfer	transfer	VERB
dem-11736	316	16	ryzyka	ryzyka	NOUN
dem-11736	316	17	,	,	PUNCT
dem-11736	316	18	zmienność	zmienność	NOUN
dem-11736	316	19	.	.	PUNCT