id	sid	tid	token	lemma	pos
dem-2895	1	1	microsoft	microsoft	PROPN
dem-2895	1	2	word	word	NOUN
dem-2895	1	3	00_tresc.docx	00_tresc.docx	X
dem-2895	1	4	©	©	PROPN
dem-2895	1	5	2013	2013	NUM
dem-2895	1	6	nicolaus	nicolaus	PROPN
dem-2895	1	7	copernicus	copernicus	PROPN
dem-2895	1	8	university	university	PROPN
dem-2895	1	9	.	.	PUNCT
dem-2895	2	1	all	all	DET
dem-2895	2	2	rights	right	NOUN
dem-2895	2	3	reserved	reserve	VERB
dem-2895	2	4	.	.	PUNCT
dem-2895	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-2895	4	1	d	d	PUNCT
dem-2895	4	2	y	y	PROPN
dem-2895	4	3	n	n	PROPN
dem-2895	4	4	a	a	PRON
dem-2895	4	5	m	m	VERB
dem-2895	5	1	i	i	NOUN
dem-2895	5	2	c	c	NOUN
dem-2895	5	3	e	e	NOUN
dem-2895	5	4	c	c	NOUN
dem-2895	5	5	o	o	X
dem-2895	6	1	n	n	INTJ
dem-2895	6	2	o	o	NOUN
dem-2895	6	3	m	m	VERB
dem-2895	7	1	e	e	NOUN
dem-2895	7	2	t	t	NOUN
dem-2895	7	3	r	r	NOUN
dem-2895	7	4	i	i	NOUN
dem-2895	7	5	c	c	NOUN
dem-2895	7	6	m	m	VERB
dem-2895	7	7	o	o	NOUN
dem-2895	7	8	d	d	X
dem-2895	7	9	e	e	X
dem-2895	7	10	l	l	NOUN
dem-2895	7	11	s	s	X
dem-2895	7	12	doi	doi	NOUN
dem-2895	7	13	:	:	PUNCT
dem-2895	7	14	http://dx.doi.org/10.12775/dem.2013.001	http://dx.doi.org/10.12775/dem.2013.001	PROPN
dem-2895	7	15	vol	vol	NOUN
dem-2895	7	16	.	.	PROPN
dem-2895	7	17	13	13	NUM
dem-2895	7	18	(	(	PUNCT
dem-2895	7	19	2013	2013	NUM
dem-2895	7	20	)	)	PUNCT
dem-2895	8	1	5−31	5−31	PROPN
dem-2895	8	2	submitted	submit	VERB
dem-2895	8	3	june	june	PROPN
dem-2895	8	4	16	16	NUM
dem-2895	8	5	,	,	PUNCT
dem-2895	8	6	2013	2013	NUM
dem-2895	8	7	issn	issn	PROPN
dem-2895	8	8	accepted	accept	VERB
dem-2895	8	9	december	december	PROPN
dem-2895	8	10	5	5	NUM
dem-2895	8	11	,	,	PUNCT
dem-2895	8	12	2013	2013	NUM
dem-2895	8	13	1234	1234	NUM
dem-2895	8	14	-	-	SYM
dem-2895	8	15	3862	3862	NUM
dem-2895	8	16	małgorzata	małgorzata	NOUN
dem-2895	8	17	doman	doman	NOUN
dem-2895	8	18	,	,	PUNCT
dem-2895	8	19	ryszard	ryszard	NOUN
dem-2895	8	20	doman	doman	PROPN
dem-2895	8	21	*	*	VERB
dem-2895	8	22	the	the	DET
dem-2895	8	23	dynamics	dynamic	NOUN
dem-2895	8	24	and	and	CCONJ
dem-2895	8	25	strength	strength	NOUN
dem-2895	8	26	of	of	ADP
dem-2895	8	27	linkages	linkage	NOUN
dem-2895	8	28	between	between	ADP
dem-2895	8	29	the	the	DET
dem-2895	8	30	stock	stock	NOUN
dem-2895	8	31	markets	market	NOUN
dem-2895	8	32	in	in	ADP
dem-2895	8	33	the	the	DET
dem-2895	8	34	czech	czech	PROPN
dem-2895	8	35	republic	republic	NOUN
dem-2895	8	36	,	,	PUNCT
dem-2895	8	37	hungary	hungary	PROPN
dem-2895	8	38	and	and	CCONJ
dem-2895	8	39	poland	poland	PROPN
dem-2895	8	40	after	after	ADP
dem-2895	8	41	their	their	PRON
dem-2895	8	42	eu	eu	PROPN
dem-2895	8	43	accession∗∗	accession∗∗	PROPN
dem-2895	8	44	a	a	PRON
dem-2895	8	45	b	b	PROPN
dem-2895	8	46	s	s	ADP
dem-2895	8	47	t	t	PROPN
dem-2895	8	48	r	r	NOUN
dem-2895	8	49	a	a	DET
dem-2895	8	50	c	c	NOUN
dem-2895	8	51	t.	t.	NOUN
dem-2895	8	52	we	we	PRON
dem-2895	8	53	analyze	analyze	VERB
dem-2895	8	54	the	the	DET
dem-2895	8	55	dynamics	dynamic	NOUN
dem-2895	8	56	and	and	CCONJ
dem-2895	8	57	strength	strength	NOUN
dem-2895	8	58	of	of	ADP
dem-2895	8	59	linkages	linkage	NOUN
dem-2895	8	60	between	between	ADP
dem-2895	8	61	the	the	DET
dem-2895	8	62	czech	czech	PROPN
dem-2895	8	63	,	,	PUNCT
dem-2895	8	64	hungarian	hungarian	ADJ
dem-2895	8	65	and	and	CCONJ
dem-2895	8	66	polish	polish	ADJ
dem-2895	8	67	stock	stock	NOUN
dem-2895	8	68	markets	market	NOUN
dem-2895	8	69	after	after	ADP
dem-2895	8	70	the	the	DET
dem-2895	8	71	eu	eu	PROPN
dem-2895	8	72	accession	accession	NOUN
dem-2895	8	73	of	of	ADP
dem-2895	8	74	the	the	DET
dem-2895	8	75	corresponding	corresponding	ADJ
dem-2895	8	76	countries	country	NOUN
dem-2895	8	77	.	.	PUNCT
dem-2895	9	1	in	in	ADP
dem-2895	9	2	addition	addition	NOUN
dem-2895	9	3	,	,	PUNCT
dem-2895	9	4	we	we	PRON
dem-2895	9	5	examine	examine	VERB
dem-2895	9	6	linkages	linkage	NOUN
dem-2895	9	7	between	between	ADP
dem-2895	9	8	each	each	PRON
dem-2895	9	9	of	of	ADP
dem-2895	9	10	the	the	DET
dem-2895	9	11	markets	market	NOUN
dem-2895	9	12	and	and	CCONJ
dem-2895	9	13	developed	developed	ADJ
dem-2895	9	14	markets	market	NOUN
dem-2895	9	15	(	(	PUNCT
dem-2895	9	16	european	european	ADJ
dem-2895	9	17	and	and	CCONJ
dem-2895	9	18	us	we	PRON
dem-2895	9	19	)	)	PUNCT
dem-2895	9	20	.	.	PUNCT
dem-2895	10	1	the	the	DET
dem-2895	10	2	analysis	analysis	NOUN
dem-2895	10	3	is	be	AUX
dem-2895	10	4	based	base	VERB
dem-2895	10	5	on	on	ADP
dem-2895	10	6	the	the	DET
dem-2895	10	7	daily	daily	ADJ
dem-2895	10	8	quotations	quotation	NOUN
dem-2895	10	9	of	of	ADP
dem-2895	10	10	the	the	DET
dem-2895	10	11	main	main	ADJ
dem-2895	10	12	representative	representative	ADJ
dem-2895	10	13	stock	stock	NOUN
dem-2895	10	14	indices	index	NOUN
dem-2895	10	15	(	(	PUNCT
dem-2895	10	16	px	px	PROPN
dem-2895	10	17	,	,	PUNCT
dem-2895	10	18	bux	bux	PROPN
dem-2895	10	19	,	,	PUNCT
dem-2895	10	20	wig20	wig20	PROPN
dem-2895	10	21	,	,	PUNCT
dem-2895	10	22	dax	dax	PROPN
dem-2895	10	23	,	,	PUNCT
dem-2895	10	24	s&p	s&p	PROPN
dem-2895	10	25	500	500	NUM
dem-2895	10	26	)	)	PUNCT
dem-2895	10	27	and	and	CCONJ
dem-2895	10	28	includes	include	VERB
dem-2895	10	29	the	the	DET
dem-2895	10	30	period	period	NOUN
dem-2895	10	31	from	from	ADP
dem-2895	10	32	may	may	PROPN
dem-2895	10	33	5	5	NUM
dem-2895	10	34	,	,	PUNCT
dem-2895	10	35	2004	2004	NUM
dem-2895	10	36	to	to	ADP
dem-2895	10	37	july	july	PROPN
dem-2895	10	38	20	20	NUM
dem-2895	10	39	,	,	PUNCT
dem-2895	10	40	2012	2012	NUM
dem-2895	10	41	.	.	PUNCT
dem-2895	11	1	the	the	DET
dem-2895	11	2	dynamics	dynamic	NOUN
dem-2895	11	3	of	of	ADP
dem-2895	11	4	dependencies	dependency	NOUN
dem-2895	11	5	is	be	AUX
dem-2895	11	6	modeled	model	VERB
dem-2895	11	7	by	by	ADP
dem-2895	11	8	means	mean	NOUN
dem-2895	11	9	of	of	ADP
dem-2895	11	10	markov	markov	NOUN
dem-2895	11	11	-	-	PUNCT
dem-2895	11	12	switching	switch	VERB
dem-2895	11	13	copula	copula	NOUN
dem-2895	11	14	models	model	NOUN
dem-2895	11	15	,	,	PUNCT
dem-2895	11	16	and	and	CCONJ
dem-2895	11	17	the	the	DET
dem-2895	11	18	applied	apply	VERB
dem-2895	11	19	measures	measure	NOUN
dem-2895	11	20	of	of	ADP
dem-2895	11	21	the	the	DET
dem-2895	11	22	strength	strength	NOUN
dem-2895	11	23	of	of	ADP
dem-2895	11	24	the	the	DET
dem-2895	11	25	linkages	linkage	NOUN
dem-2895	11	26	are	be	AUX
dem-2895	11	27	dynamic	dynamic	ADJ
dem-2895	11	28	spearman	spearman	NOUN
dem-2895	11	29	’s	’s	PART
dem-2895	11	30	rho	rho	ADJ
dem-2895	11	31	and	and	CCONJ
dem-2895	11	32	tail	tail	NOUN
dem-2895	11	33	dependence	dependence	NOUN
dem-2895	11	34	coefficients	coefficient	NOUN
dem-2895	11	35	.	.	PUNCT
dem-2895	12	1	the	the	DET
dem-2895	12	2	results	result	NOUN
dem-2895	12	3	show	show	VERB
dem-2895	12	4	that	that	SCONJ
dem-2895	12	5	dependencies	dependency	NOUN
dem-2895	12	6	between	between	ADP
dem-2895	12	7	the	the	DET
dem-2895	12	8	considered	consider	VERB
dem-2895	12	9	emerging	emerge	VERB
dem-2895	12	10	markets	market	NOUN
dem-2895	12	11	are	be	AUX
dem-2895	12	12	very	very	ADV
dem-2895	12	13	sensitive	sensitive	ADJ
dem-2895	12	14	on	on	ADP
dem-2895	12	15	market	market	NOUN
dem-2895	12	16	situation	situation	NOUN
dem-2895	12	17	,	,	PUNCT
dem-2895	12	18	but	but	CCONJ
dem-2895	12	19	the	the	DET
dem-2895	12	20	linkages	linkage	NOUN
dem-2895	12	21	of	of	ADP
dem-2895	12	22	these	these	DET
dem-2895	12	23	markets	market	NOUN
dem-2895	12	24	with	with	ADP
dem-2895	12	25	the	the	DET
dem-2895	12	26	developed	develop	VERB
dem-2895	12	27	ones	one	NOUN
dem-2895	12	28	are	be	AUX
dem-2895	12	29	stable	stable	ADJ
dem-2895	12	30	.	.	PUNCT
dem-2895	13	1	k	k	PROPN
dem-2895	13	2	e	e	PROPN
dem-2895	13	3	y	y	PROPN
dem-2895	13	4	w	w	NOUN
dem-2895	13	5	o	o	NOUN
dem-2895	13	6	r	r	NOUN
dem-2895	13	7	d	d	PROPN
dem-2895	13	8	s	s	X
dem-2895	13	9	:	:	PUNCT
dem-2895	13	10	central	central	ADJ
dem-2895	13	11	european	european	ADJ
dem-2895	13	12	stock	stock	NOUN
dem-2895	13	13	market	market	NOUN
dem-2895	13	14	,	,	PUNCT
dem-2895	13	15	conditional	conditional	ADJ
dem-2895	13	16	dependence	dependence	NOUN
dem-2895	13	17	,	,	PUNCT
dem-2895	13	18	markov	markov	NOUN
dem-2895	13	19	-	-	PUNCT
dem-2895	13	20	switching	switch	VERB
dem-2895	13	21	copula	copula	NOUN
dem-2895	13	22	model	model	NOUN
dem-2895	13	23	,	,	PUNCT
dem-2895	13	24	spearman	spearman	NOUN
dem-2895	13	25	’s	’s	PART
dem-2895	13	26	rho	rho	ADJ
dem-2895	13	27	,	,	PUNCT
dem-2895	13	28	tail	tail	NOUN
dem-2895	13	29	dependence	dependence	NOUN
dem-2895	13	30	,	,	PUNCT
dem-2895	13	31	model	model	NOUN
dem-2895	13	32	confidence	confidence	NOUN
dem-2895	13	33	set	set	NOUN
dem-2895	13	34	,	,	PUNCT
dem-2895	13	35	stock	stock	NOUN
dem-2895	13	36	index	index	NOUN
dem-2895	13	37	.	.	PUNCT
dem-2895	14	1	j	j	PROPN
dem-2895	14	2	e	e	PROPN
dem-2895	14	3	l	l	PROPN
dem-2895	14	4	classification	classification	NOUN
dem-2895	14	5	:	:	PUNCT
dem-2895	14	6	g15	g15	PROPN
dem-2895	14	7	;	;	PUNCT
dem-2895	14	8	g01	g01	NOUN
dem-2895	14	9	;	;	PUNCT
dem-2895	14	10	c32	c32	NOUN
dem-2895	14	11	;	;	PUNCT
dem-2895	14	12	c58	c58	PROPN
dem-2895	14	13	.	.	PUNCT
dem-2895	15	1	*	*	PUNCT
dem-2895	15	2	correspondence	correspondence	NOUN
dem-2895	15	3	to	to	PART
dem-2895	15	4	:	:	PUNCT
dem-2895	15	5	małgorzata	małgorzata	NOUN
dem-2895	15	6	doman	doman	PROPN
dem-2895	15	7	,	,	PUNCT
dem-2895	15	8	poznań	poznań	PROPN
dem-2895	15	9	university	university	PROPN
dem-2895	15	10	of	of	ADP
dem-2895	15	11	economics	economic	NOUN
dem-2895	15	12	,	,	PUNCT
dem-2895	15	13	department	department	NOUN
dem-2895	15	14	of	of	ADP
dem-2895	15	15	applied	apply	VERB
dem-2895	15	16	mathematics	mathematic	NOUN
dem-2895	15	17	,	,	PUNCT
dem-2895	15	18	al	al	PROPN
dem-2895	15	19	.	.	PUNCT
dem-2895	15	20	niepodległości	niepodległości	PROPN
dem-2895	15	21	10	10	NUM
dem-2895	15	22	,	,	PUNCT
dem-2895	15	23	61	61	NUM
dem-2895	15	24	-	-	SYM
dem-2895	15	25	875	875	NUM
dem-2895	15	26	poznań	poznań	NOUN
dem-2895	15	27	,	,	PUNCT
dem-2895	15	28	poland	poland	PROPN
dem-2895	15	29	,	,	PUNCT
dem-2895	15	30	e	e	NOUN
dem-2895	15	31	-	-	NOUN
dem-2895	15	32	mail	mail	NOUN
dem-2895	15	33	:	:	PUNCT
dem-2895	15	34	malgorzata.doman@ue.poznan.pl	malgorzata.doman@ue.poznan.pl	PROPN
dem-2895	15	35	;	;	PUNCT
dem-2895	15	36	ryszard	ryszard	NOUN
dem-2895	15	37	doman	doman	PROPN
dem-2895	15	38	,	,	PUNCT
dem-2895	15	39	adam	adam	PROPN
dem-2895	15	40	mickiewicz	mickiewicz	PROPN
dem-2895	15	41	university	university	PROPN
dem-2895	15	42	in	in	ADP
dem-2895	15	43	poznań	poznań	NOUN
dem-2895	15	44	,	,	PUNCT
dem-2895	15	45	faculty	faculty	NOUN
dem-2895	15	46	of	of	ADP
dem-2895	15	47	mathematics	mathematic	NOUN
dem-2895	15	48	and	and	CCONJ
dem-2895	15	49	computer	computer	NOUN
dem-2895	15	50	science	science	NOUN
dem-2895	15	51	,	,	PUNCT
dem-2895	15	52	umultowska	umultowska	ADJ
dem-2895	15	53	87	87	NUM
dem-2895	15	54	,	,	PUNCT
dem-2895	15	55	61	61	NUM
dem-2895	15	56	-	-	SYM
dem-2895	15	57	614	614	NUM
dem-2895	15	58	poznań	poznań	NOUN
dem-2895	15	59	,	,	PUNCT
dem-2895	15	60	poland	poland	PROPN
dem-2895	15	61	,	,	PUNCT
dem-2895	15	62	e	e	NOUN
dem-2895	15	63	-	-	NOUN
dem-2895	15	64	mail	mail	NOUN
dem-2895	15	65	:	:	PUNCT
dem-2895	15	66	rydoman@amu.edu.pl	rydoman@amu.edu.pl	NOUN
dem-2895	15	67	.	.	PUNCT
dem-2895	16	1	∗∗	∗∗	NOUN
dem-2895	16	2	this	this	DET
dem-2895	16	3	work	work	NOUN
dem-2895	16	4	was	be	AUX
dem-2895	16	5	financed	finance	VERB
dem-2895	16	6	from	from	ADP
dem-2895	16	7	the	the	DET
dem-2895	16	8	polish	polish	ADJ
dem-2895	16	9	science	science	NOUN
dem-2895	16	10	budget	budget	NOUN
dem-2895	16	11	resources	resource	NOUN
dem-2895	16	12	in	in	ADP
dem-2895	16	13	the	the	DET
dem-2895	16	14	years	year	NOUN
dem-2895	16	15	20102013	20102013	NUM
dem-2895	16	16	as	as	ADP
dem-2895	16	17	the	the	DET
dem-2895	16	18	research	research	NOUN
dem-2895	16	19	project	project	NOUN
dem-2895	16	20	n	n	PRON
dem-2895	16	21	n111	n111	PROPN
dem-2895	16	22	035139	035139	NUM
dem-2895	16	23	.	.	PUNCT
dem-2895	17	1	małgorzata	małgorzata	NOUN
dem-2895	17	2	doman	doman	PROPN
dem-2895	17	3	,	,	PUNCT
dem-2895	17	4	ryszard	ryszard	NOUN
dem-2895	17	5	doman	doman	PROPN
dem-2895	17	6	dynamic	dynamic	ADJ
dem-2895	17	7	econometric	econometric	ADJ
dem-2895	17	8	models	model	NOUN
dem-2895	17	9	13	13	NUM
dem-2895	17	10	(	(	PUNCT
dem-2895	17	11	2013	2013	NUM
dem-2895	17	12	)	)	PUNCT
dem-2895	17	13	5–31	5–31	PROPN
dem-2895	17	14	6	6	NUM
dem-2895	17	15	introduction	introduction	NOUN
dem-2895	17	16	in	in	ADP
dem-2895	17	17	the	the	DET
dem-2895	17	18	paper	paper	NOUN
dem-2895	17	19	,	,	PUNCT
dem-2895	17	20	we	we	PRON
dem-2895	17	21	analyze	analyze	VERB
dem-2895	17	22	the	the	DET
dem-2895	17	23	dynamics	dynamic	NOUN
dem-2895	17	24	and	and	CCONJ
dem-2895	17	25	strength	strength	NOUN
dem-2895	17	26	of	of	ADP
dem-2895	17	27	linkages	linkage	NOUN
dem-2895	17	28	between	between	ADP
dem-2895	17	29	the	the	DET
dem-2895	17	30	czech	czech	PROPN
dem-2895	17	31	(	(	PUNCT
dem-2895	17	32	prague	prague	PROPN
dem-2895	17	33	stock	stock	PROPN
dem-2895	17	34	exchange	exchange	PROPN
dem-2895	17	35	,	,	PUNCT
dem-2895	17	36	pse	pse	NOUN
dem-2895	17	37	)	)	PUNCT
dem-2895	17	38	,	,	PUNCT
dem-2895	17	39	hungarian	hungarian	NOUN
dem-2895	17	40	(	(	PUNCT
dem-2895	17	41	budapest	budapest	PROPN
dem-2895	17	42	stock	stock	NOUN
dem-2895	17	43	exchange	exchange	PROPN
dem-2895	17	44	,	,	PUNCT
dem-2895	17	45	bse	bse	PROPN
dem-2895	17	46	)	)	PUNCT
dem-2895	17	47	and	and	CCONJ
dem-2895	17	48	polish	polish	PROPN
dem-2895	17	49	(	(	PUNCT
dem-2895	17	50	warsaw	warsaw	PROPN
dem-2895	17	51	stock	stock	PROPN
dem-2895	17	52	exchange	exchange	PROPN
dem-2895	17	53	,	,	PUNCT
dem-2895	17	54	wse	wse	ADJ
dem-2895	17	55	)	)	PUNCT
dem-2895	17	56	stock	stock	NOUN
dem-2895	17	57	markets	market	NOUN
dem-2895	17	58	after	after	ADP
dem-2895	17	59	the	the	DET
dem-2895	17	60	eu	eu	PROPN
dem-2895	17	61	accession	accession	NOUN
dem-2895	17	62	of	of	ADP
dem-2895	17	63	the	the	DET
dem-2895	17	64	corresponding	corresponding	ADJ
dem-2895	17	65	countries	country	NOUN
dem-2895	17	66	.	.	PUNCT
dem-2895	18	1	in	in	ADP
dem-2895	18	2	addition	addition	NOUN
dem-2895	18	3	,	,	PUNCT
dem-2895	18	4	we	we	PRON
dem-2895	18	5	examine	examine	VERB
dem-2895	18	6	the	the	DET
dem-2895	18	7	linkages	linkage	NOUN
dem-2895	18	8	between	between	ADP
dem-2895	18	9	each	each	PRON
dem-2895	18	10	of	of	ADP
dem-2895	18	11	the	the	DET
dem-2895	18	12	markets	market	NOUN
dem-2895	18	13	and	and	CCONJ
dem-2895	18	14	developed	developed	ADJ
dem-2895	18	15	markets	market	NOUN
dem-2895	18	16	(	(	PUNCT
dem-2895	18	17	european	european	ADJ
dem-2895	18	18	and	and	CCONJ
dem-2895	18	19	us	we	PRON
dem-2895	18	20	)	)	PUNCT
dem-2895	18	21	.	.	PUNCT
dem-2895	19	1	the	the	DET
dem-2895	19	2	analysis	analysis	NOUN
dem-2895	19	3	is	be	AUX
dem-2895	19	4	based	base	VERB
dem-2895	19	5	on	on	ADP
dem-2895	19	6	the	the	DET
dem-2895	19	7	daily	daily	ADJ
dem-2895	19	8	quotations	quotation	NOUN
dem-2895	19	9	of	of	ADP
dem-2895	19	10	the	the	DET
dem-2895	19	11	main	main	ADJ
dem-2895	19	12	representative	representative	ADJ
dem-2895	19	13	stock	stock	NOUN
dem-2895	19	14	indices	index	NOUN
dem-2895	19	15	(	(	PUNCT
dem-2895	19	16	px	px	PROPN
dem-2895	19	17	,	,	PUNCT
dem-2895	19	18	bux	bux	PROPN
dem-2895	19	19	,	,	PUNCT
dem-2895	19	20	wig20	wig20	PROPN
dem-2895	19	21	,	,	PUNCT
dem-2895	19	22	dax	dax	PROPN
dem-2895	19	23	,	,	PUNCT
dem-2895	19	24	s&p	s&p	PROPN
dem-2895	19	25	500	500	NUM
dem-2895	19	26	)	)	PUNCT
dem-2895	19	27	.	.	PUNCT
dem-2895	20	1	the	the	DET
dem-2895	20	2	dynamics	dynamic	NOUN
dem-2895	20	3	of	of	ADP
dem-2895	20	4	dependencies	dependency	NOUN
dem-2895	20	5	is	be	AUX
dem-2895	20	6	modeled	model	VERB
dem-2895	20	7	by	by	ADP
dem-2895	20	8	means	mean	NOUN
dem-2895	20	9	of	of	ADP
dem-2895	20	10	markov	markov	NOUN
dem-2895	20	11	-	-	PUNCT
dem-2895	20	12	switching	switch	VERB
dem-2895	20	13	copula	copula	NOUN
dem-2895	20	14	models	model	NOUN
dem-2895	20	15	and	and	CCONJ
dem-2895	20	16	the	the	DET
dem-2895	20	17	applied	apply	VERB
dem-2895	20	18	measures	measure	NOUN
dem-2895	20	19	of	of	ADP
dem-2895	20	20	the	the	DET
dem-2895	20	21	strength	strength	NOUN
dem-2895	20	22	of	of	ADP
dem-2895	20	23	the	the	DET
dem-2895	20	24	linkages	linkage	NOUN
dem-2895	20	25	are	be	AUX
dem-2895	20	26	dynamic	dynamic	ADJ
dem-2895	20	27	spearman	spearman	NOUN
dem-2895	20	28	’s	’s	PART
dem-2895	20	29	rho	rho	ADJ
dem-2895	20	30	and	and	CCONJ
dem-2895	20	31	tail	tail	NOUN
dem-2895	20	32	dependence	dependence	NOUN
dem-2895	20	33	coefficients	coefficient	NOUN
dem-2895	20	34	.	.	PUNCT
dem-2895	21	1	we	we	PRON
dem-2895	21	2	investigate	investigate	VERB
dem-2895	21	3	the	the	DET
dem-2895	21	4	period	period	NOUN
dem-2895	21	5	from	from	ADP
dem-2895	21	6	may	may	PROPN
dem-2895	21	7	5	5	NUM
dem-2895	21	8	,	,	PUNCT
dem-2895	21	9	2004	2004	NUM
dem-2895	21	10	to	to	ADP
dem-2895	21	11	july	july	PROPN
dem-2895	21	12	20	20	NUM
dem-2895	21	13	,	,	PUNCT
dem-2895	21	14	2012	2012	NUM
dem-2895	21	15	.	.	PUNCT
dem-2895	22	1	it	it	PRON
dem-2895	22	2	begins	begin	VERB
dem-2895	22	3	shortly	shortly	ADV
dem-2895	22	4	after	after	SCONJ
dem-2895	22	5	the	the	DET
dem-2895	22	6	three	three	NUM
dem-2895	22	7	considered	consider	VERB
dem-2895	22	8	central	central	ADJ
dem-2895	22	9	european	european	ADJ
dem-2895	22	10	countries	country	NOUN
dem-2895	22	11	joined	join	VERB
dem-2895	22	12	the	the	DET
dem-2895	22	13	european	european	PROPN
dem-2895	22	14	union	union	PROPN
dem-2895	22	15	and	and	CCONJ
dem-2895	22	16	includes	include	VERB
dem-2895	22	17	subperiods	subperiod	NOUN
dem-2895	22	18	of	of	ADP
dem-2895	22	19	two	two	NUM
dem-2895	22	20	recent	recent	ADJ
dem-2895	22	21	financial	financial	ADJ
dem-2895	22	22	crises	crisis	NOUN
dem-2895	22	23	(	(	PUNCT
dem-2895	22	24	the	the	DET
dem-2895	22	25	us	us	PROPN
dem-2895	22	26	subprime	subprime	ADJ
dem-2895	22	27	and	and	CCONJ
dem-2895	22	28	european	european	ADJ
dem-2895	22	29	debt	debt	NOUN
dem-2895	22	30	crises	crisis	NOUN
dem-2895	22	31	)	)	PUNCT
dem-2895	22	32	.	.	PUNCT
dem-2895	23	1	the	the	DET
dem-2895	23	2	czech	czech	PROPN
dem-2895	23	3	republic	republic	NOUN
dem-2895	23	4	,	,	PUNCT
dem-2895	23	5	hungary	hungary	PROPN
dem-2895	23	6	and	and	CCONJ
dem-2895	23	7	poland	poland	PROPN
dem-2895	23	8	are	be	AUX
dem-2895	23	9	often	often	ADV
dem-2895	23	10	perceived	perceive	VERB
dem-2895	23	11	by	by	ADP
dem-2895	23	12	investors	investor	NOUN
dem-2895	23	13	as	as	ADP
dem-2895	23	14	one	one	NUM
dem-2895	23	15	block	block	NOUN
dem-2895	23	16	of	of	ADP
dem-2895	23	17	very	very	ADV
dem-2895	23	18	similar	similar	ADJ
dem-2895	23	19	markets	market	NOUN
dem-2895	23	20	.	.	PUNCT
dem-2895	24	1	in	in	ADP
dem-2895	24	2	particular	particular	ADJ
dem-2895	24	3	,	,	PUNCT
dem-2895	24	4	bad	bad	ADJ
dem-2895	24	5	news	news	NOUN
dem-2895	24	6	concerning	concern	VERB
dem-2895	24	7	one	one	NUM
dem-2895	24	8	of	of	ADP
dem-2895	24	9	these	these	DET
dem-2895	24	10	countries	country	NOUN
dem-2895	24	11	strongly	strongly	ADV
dem-2895	24	12	impacts	impact	VERB
dem-2895	24	13	all	all	DET
dem-2895	24	14	the	the	DET
dem-2895	24	15	markets	market	NOUN
dem-2895	24	16	.	.	PUNCT
dem-2895	25	1	the	the	DET
dem-2895	25	2	history	history	NOUN
dem-2895	25	3	of	of	ADP
dem-2895	25	4	the	the	DET
dem-2895	25	5	three	three	NUM
dem-2895	25	6	economies	economy	NOUN
dem-2895	25	7	looks	look	VERB
dem-2895	25	8	similar	similar	ADJ
dem-2895	25	9	.	.	PUNCT
dem-2895	26	1	in	in	ADP
dem-2895	26	2	1989	1989	NUM
dem-2895	26	3	all	all	PRON
dem-2895	26	4	they	they	PRON
dem-2895	26	5	started	start	VERB
dem-2895	26	6	the	the	DET
dem-2895	26	7	transformation	transformation	NOUN
dem-2895	26	8	process	process	NOUN
dem-2895	26	9	,	,	PUNCT
dem-2895	26	10	in	in	ADP
dem-2895	26	11	may	may	PROPN
dem-2895	26	12	2004	2004	NUM
dem-2895	26	13	joined	join	VERB
dem-2895	26	14	the	the	DET
dem-2895	26	15	european	european	PROPN
dem-2895	26	16	union	union	PROPN
dem-2895	26	17	,	,	PUNCT
dem-2895	26	18	and	and	CCONJ
dem-2895	26	19	now	now	ADV
dem-2895	26	20	all	all	PRON
dem-2895	26	21	they	they	PRON
dem-2895	26	22	are	be	AUX
dem-2895	26	23	getting	get	VERB
dem-2895	26	24	ready	ready	ADJ
dem-2895	26	25	to	to	PART
dem-2895	26	26	adopt	adopt	VERB
dem-2895	26	27	the	the	DET
dem-2895	26	28	euro	euro	NOUN
dem-2895	26	29	.	.	PUNCT
dem-2895	27	1	nevertheless	nevertheless	ADV
dem-2895	27	2	,	,	PUNCT
dem-2895	27	3	their	their	PRON
dem-2895	27	4	specific	specific	ADJ
dem-2895	27	5	paths	path	NOUN
dem-2895	27	6	of	of	ADP
dem-2895	27	7	development	development	NOUN
dem-2895	27	8	differ	differ	VERB
dem-2895	27	9	from	from	ADP
dem-2895	27	10	each	each	DET
dem-2895	27	11	other	other	ADJ
dem-2895	27	12	.	.	PUNCT
dem-2895	28	1	the	the	DET
dem-2895	28	2	impact	impact	NOUN
dem-2895	28	3	of	of	ADP
dem-2895	28	4	the	the	DET
dem-2895	28	5	recent	recent	ADJ
dem-2895	28	6	crisis	crisis	NOUN
dem-2895	28	7	on	on	ADP
dem-2895	28	8	the	the	DET
dem-2895	28	9	economies	economy	NOUN
dem-2895	28	10	,	,	PUNCT
dem-2895	28	11	measured	measure	VERB
dem-2895	28	12	with	with	ADP
dem-2895	28	13	the	the	DET
dem-2895	28	14	evolution	evolution	NOUN
dem-2895	28	15	of	of	ADP
dem-2895	28	16	the	the	DET
dem-2895	28	17	gdp	gdp	NOUN
dem-2895	28	18	annual	annual	ADJ
dem-2895	28	19	growth	growth	NOUN
dem-2895	28	20	rate	rate	NOUN
dem-2895	28	21	,	,	PUNCT
dem-2895	28	22	was	be	AUX
dem-2895	28	23	dissimilar	dissimilar	ADJ
dem-2895	28	24	to	to	ADP
dem-2895	28	25	that	that	PRON
dem-2895	28	26	exerted	exert	VERB
dem-2895	28	27	on	on	ADP
dem-2895	28	28	the	the	DET
dem-2895	28	29	stock	stock	NOUN
dem-2895	28	30	markets	market	NOUN
dem-2895	28	31	(	(	PUNCT
dem-2895	28	32	see	see	VERB
dem-2895	28	33	federation	federation	NOUN
dem-2895	28	34	of	of	ADP
dem-2895	28	35	european	european	PROPN
dem-2895	28	36	securities	securities	PROPN
dem-2895	28	37	exchange	exchange	PROPN
dem-2895	28	38	,	,	PUNCT
dem-2895	28	39	2013	2013	NUM
dem-2895	28	40	;	;	PUNCT
dem-2895	28	41	trading	trade	VERB
dem-2895	28	42	economics	economic	NOUN
dem-2895	28	43	,	,	PUNCT
dem-2895	28	44	2013	2013	NUM
dem-2895	28	45	)	)	PUNCT
dem-2895	28	46	.	.	PUNCT
dem-2895	29	1	the	the	DET
dem-2895	29	2	stock	stock	PROPN
dem-2895	29	3	mar	mar	PROPN
dem-2895	29	4	-	-	PUNCT
dem-2895	29	5	kets	kets	PROPN
dem-2895	29	6	themselves	themselves	PRON
dem-2895	29	7	are	be	AUX
dem-2895	29	8	unlike	unlike	ADP
dem-2895	29	9	each	each	DET
dem-2895	29	10	other	other	ADJ
dem-2895	29	11	as	as	ADV
dem-2895	29	12	well	well	ADV
dem-2895	29	13	.	.	PUNCT
dem-2895	30	1	the	the	DET
dem-2895	30	2	warsaw	warsaw	PROPN
dem-2895	30	3	stock	stock	PROPN
dem-2895	30	4	exchange	exchange	PROPN
dem-2895	30	5	plays	play	VERB
dem-2895	30	6	the	the	DET
dem-2895	30	7	special	special	ADJ
dem-2895	30	8	role	role	NOUN
dem-2895	30	9	in	in	ADP
dem-2895	30	10	the	the	DET
dem-2895	30	11	region	region	NOUN
dem-2895	30	12	as	as	ADP
dem-2895	30	13	the	the	DET
dem-2895	30	14	largest	large	ADJ
dem-2895	30	15	stock	stock	NOUN
dem-2895	30	16	exchange	exchange	NOUN
dem-2895	30	17	market	market	NOUN
dem-2895	30	18	(	(	PUNCT
dem-2895	30	19	see	see	VERB
dem-2895	30	20	federation	federation	NOUN
dem-2895	30	21	of	of	ADP
dem-2895	30	22	european	european	PROPN
dem-2895	30	23	securities	securities	PROPN
dem-2895	30	24	exchange	exchange	PROPN
dem-2895	30	25	,	,	PUNCT
dem-2895	30	26	2013	2013	NUM
dem-2895	30	27	)	)	PUNCT
dem-2895	30	28	.	.	PUNCT
dem-2895	31	1	a	a	DET
dem-2895	31	2	comparison	comparison	NOUN
dem-2895	31	3	of	of	ADP
dem-2895	31	4	the	the	DET
dem-2895	31	5	quotations	quotation	NOUN
dem-2895	31	6	of	of	ADP
dem-2895	31	7	the	the	DET
dem-2895	31	8	representing	represent	VERB
dem-2895	31	9	stock	stock	NOUN
dem-2895	31	10	indices	index	NOUN
dem-2895	31	11	with	with	ADP
dem-2895	31	12	the	the	DET
dem-2895	31	13	evolution	evolution	NOUN
dem-2895	31	14	of	of	ADP
dem-2895	31	15	gdp	gdp	NOUN
dem-2895	31	16	annual	annual	ADJ
dem-2895	31	17	growth	growth	NOUN
dem-2895	31	18	rate	rate	NOUN
dem-2895	31	19	in	in	ADP
dem-2895	31	20	the	the	DET
dem-2895	31	21	considered	consider	VERB
dem-2895	31	22	countries	country	NOUN
dem-2895	31	23	(	(	PUNCT
dem-2895	31	24	see	see	VERB
dem-2895	31	25	federation	federation	NOUN
dem-2895	31	26	of	of	ADP
dem-2895	31	27	european	european	PROPN
dem-2895	31	28	securities	securities	PROPN
dem-2895	31	29	exchange	exchange	PROPN
dem-2895	31	30	,	,	PUNCT
dem-2895	31	31	2013	2013	NUM
dem-2895	31	32	;	;	PUNCT
dem-2895	31	33	trading	trade	VERB
dem-2895	31	34	economics	economic	NOUN
dem-2895	31	35	,	,	PUNCT
dem-2895	31	36	2013	2013	NUM
dem-2895	31	37	)	)	PUNCT
dem-2895	31	38	shows	show	VERB
dem-2895	31	39	that	that	SCONJ
dem-2895	31	40	during	during	ADP
dem-2895	31	41	the	the	DET
dem-2895	31	42	subprime	subprime	ADJ
dem-2895	31	43	crisis	crisis	NOUN
dem-2895	31	44	of	of	ADP
dem-2895	31	45	2007–2009	2007–2009	NUM
dem-2895	31	46	all	all	DET
dem-2895	31	47	the	the	DET
dem-2895	31	48	markets	market	NOUN
dem-2895	31	49	experienced	experience	VERB
dem-2895	31	50	significant	significant	ADJ
dem-2895	31	51	decline	decline	NOUN
dem-2895	31	52	,	,	PUNCT
dem-2895	31	53	and	and	CCONJ
dem-2895	31	54	the	the	DET
dem-2895	31	55	same	same	ADJ
dem-2895	31	56	applies	apply	VERB
dem-2895	31	57	to	to	ADP
dem-2895	31	58	their	their	PRON
dem-2895	31	59	gdp	gdp	NOUN
dem-2895	31	60	growth	growth	NOUN
dem-2895	31	61	rate	rate	NOUN
dem-2895	31	62	,	,	PUNCT
dem-2895	31	63	though	though	SCONJ
dem-2895	31	64	the	the	DET
dem-2895	31	65	polish	polish	ADJ
dem-2895	31	66	gdp	gdp	NOUN
dem-2895	31	67	growth	growth	NOUN
dem-2895	31	68	rate	rate	NOUN
dem-2895	31	69	remained	remain	VERB
dem-2895	31	70	positive	positive	ADJ
dem-2895	31	71	.	.	PUNCT
dem-2895	32	1	there	there	PRON
dem-2895	32	2	exists	exist	VERB
dem-2895	32	3	a	a	DET
dem-2895	32	4	quite	quite	ADV
dem-2895	32	5	extensive	extensive	ADJ
dem-2895	32	6	literature	literature	NOUN
dem-2895	32	7	on	on	ADP
dem-2895	32	8	linkages	linkage	NOUN
dem-2895	32	9	between	between	ADP
dem-2895	32	10	the	the	DET
dem-2895	32	11	three	three	NUM
dem-2895	32	12	central	central	ADJ
dem-2895	32	13	european	european	ADJ
dem-2895	32	14	stock	stock	NOUN
dem-2895	32	15	markets	market	NOUN
dem-2895	32	16	.	.	PUNCT
dem-2895	33	1	many	many	ADJ
dem-2895	33	2	investigations	investigation	NOUN
dem-2895	33	3	were	be	AUX
dem-2895	33	4	performed	perform	VERB
dem-2895	33	5	for	for	ADP
dem-2895	33	6	the	the	DET
dem-2895	33	7	period	period	NOUN
dem-2895	33	8	before	before	ADP
dem-2895	33	9	the	the	DET
dem-2895	33	10	recent	recent	ADJ
dem-2895	33	11	crises	crisis	NOUN
dem-2895	33	12	(	(	PUNCT
dem-2895	33	13	see	see	VERB
dem-2895	33	14	for	for	ADP
dem-2895	33	15	instance	instance	NOUN
dem-2895	33	16	scheicher	scheicher	PROPN
dem-2895	33	17	,	,	PUNCT
dem-2895	33	18	2001	2001	NUM
dem-2895	33	19	;	;	PUNCT
dem-2895	33	20	gilmore	gilmore	PROPN
dem-2895	33	21	et	et	PROPN
dem-2895	33	22	al	al	PROPN
dem-2895	33	23	.	.	PROPN
dem-2895	33	24	,	,	PUNCT
dem-2895	33	25	2008	2008	NUM
dem-2895	33	26	;	;	PUNCT
dem-2895	33	27	caporale	caporale	NOUN
dem-2895	33	28	,	,	PUNCT
dem-2895	33	29	spagnolo	spagnolo	NOUN
dem-2895	33	30	,	,	PUNCT
dem-2895	33	31	2011	2011	NUM
dem-2895	33	32	)	)	PUNCT
dem-2895	33	33	.	.	PUNCT
dem-2895	34	1	some	some	DET
dem-2895	34	2	newer	new	ADJ
dem-2895	34	3	papers	paper	NOUN
dem-2895	34	4	on	on	ADP
dem-2895	34	5	the	the	DET
dem-2895	34	6	subject	subject	NOUN
dem-2895	34	7	,	,	PUNCT
dem-2895	34	8	mostly	mostly	ADV
dem-2895	34	9	concerning	concern	VERB
dem-2895	34	10	the	the	DET
dem-2895	34	11	impact	impact	NOUN
dem-2895	34	12	of	of	ADP
dem-2895	34	13	the	the	DET
dem-2895	34	14	recent	recent	ADJ
dem-2895	34	15	crises	crisis	NOUN
dem-2895	34	16	,	,	PUNCT
dem-2895	34	17	can	can	AUX
dem-2895	34	18	also	also	ADV
dem-2895	34	19	be	be	AUX
dem-2895	34	20	found	find	VERB
dem-2895	34	21	.	.	PUNCT
dem-2895	35	1	for	for	ADP
dem-2895	35	2	the	the	DET
dem-2895	35	3	dynamics	dynamic	NOUN
dem-2895	35	4	and	and	CCONJ
dem-2895	35	5	strength	strength	NOUN
dem-2895	35	6	of	of	ADP
dem-2895	35	7	linkages	linkage	NOUN
dem-2895	35	8	between	between	ADP
dem-2895	35	9	the	the	DET
dem-2895	35	10	stock	stock	NOUN
dem-2895	35	11	markets	market	NOUN
dem-2895	35	12	…	…	PUNCT
dem-2895	35	13	dynamic	dynamic	ADJ
dem-2895	35	14	econometric	econometric	ADJ
dem-2895	35	15	models	model	NOUN
dem-2895	35	16	3	3	NUM
dem-2895	35	17	(	(	PUNCT
dem-2895	35	18	2013	2013	NUM
dem-2895	35	19	)	)	PUNCT
dem-2895	35	20	5–31	5–31	PROPN
dem-2895	35	21	7	7	NUM
dem-2895	35	22	instance	instance	NOUN
dem-2895	35	23	,	,	PUNCT
dem-2895	35	24	ülkü	ülkü	PROPN
dem-2895	35	25	and	and	CCONJ
dem-2895	35	26	demirci	demirci	VERB
dem-2895	35	27	(	(	PUNCT
dem-2895	35	28	2012	2012	NUM
dem-2895	35	29	)	)	PUNCT
dem-2895	35	30	present	present	VERB
dem-2895	35	31	a	a	DET
dem-2895	35	32	thorough	thorough	ADJ
dem-2895	35	33	analysis	analysis	NOUN
dem-2895	35	34	of	of	ADP
dem-2895	35	35	the	the	DET
dem-2895	35	36	joint	joint	ADJ
dem-2895	35	37	dynamics	dynamic	NOUN
dem-2895	35	38	of	of	ADP
dem-2895	35	39	foreign	foreign	ADJ
dem-2895	35	40	exchange	exchange	NOUN
dem-2895	35	41	and	and	CCONJ
dem-2895	35	42	stock	stock	NOUN
dem-2895	35	43	markets	market	NOUN
dem-2895	35	44	in	in	ADP
dem-2895	35	45	emerging	emerge	VERB
dem-2895	35	46	european	european	ADJ
dem-2895	35	47	countries	country	NOUN
dem-2895	35	48	for	for	ADP
dem-2895	35	49	the	the	DET
dem-2895	35	50	period	period	NOUN
dem-2895	35	51	2003–2010	2003–2010	NUM
dem-2895	35	52	and	and	CCONJ
dem-2895	35	53	document	document	VERB
dem-2895	35	54	the	the	DET
dem-2895	35	55	key	key	ADJ
dem-2895	35	56	role	role	NOUN
dem-2895	35	57	of	of	ADP
dem-2895	35	58	global	global	ADJ
dem-2895	35	59	developed	develop	VERB
dem-2895	35	60	market	market	NOUN
dem-2895	35	61	returns	return	NOUN
dem-2895	35	62	in	in	ADP
dem-2895	35	63	driving	drive	VERB
dem-2895	35	64	the	the	DET
dem-2895	35	65	stock	stock	NOUN
dem-2895	35	66	market	market	NOUN
dem-2895	35	67	–	–	PUNCT
dem-2895	35	68	exchange	exchange	NOUN
dem-2895	35	69	rate	rate	NOUN
dem-2895	35	70	interaction	interaction	NOUN
dem-2895	35	71	in	in	ADP
dem-2895	35	72	emerging	emerge	VERB
dem-2895	35	73	economies	economy	NOUN
dem-2895	35	74	.	.	PUNCT
dem-2895	36	1	their	their	PRON
dem-2895	36	2	study	study	NOUN
dem-2895	36	3	uses	use	VERB
dem-2895	36	4	impulse	impulse	ADJ
dem-2895	36	5	response	response	NOUN
dem-2895	36	6	functions	function	NOUN
dem-2895	36	7	from	from	ADP
dem-2895	36	8	a	a	DET
dem-2895	36	9	cointegrating	cointegrate	VERB
dem-2895	36	10	structural	structural	ADJ
dem-2895	36	11	vector	vector	NOUN
dem-2895	36	12	autoregressive	autoregressive	ADJ
dem-2895	36	13	model	model	NOUN
dem-2895	36	14	as	as	ADP
dem-2895	36	15	the	the	DET
dem-2895	36	16	research	research	NOUN
dem-2895	36	17	tool	tool	NOUN
dem-2895	36	18	.	.	PUNCT
dem-2895	37	1	another	another	DET
dem-2895	37	2	methodology	methodology	NOUN
dem-2895	37	3	,	,	PUNCT
dem-2895	37	4	involving	involve	VERB
dem-2895	37	5	a	a	DET
dem-2895	37	6	dynamical	dynamical	ADJ
dem-2895	37	7	conditional	conditional	ADJ
dem-2895	37	8	correlation	correlation	NOUN
dem-2895	37	9	model	model	NOUN
dem-2895	37	10	,	,	PUNCT
dem-2895	37	11	has	have	AUX
dem-2895	37	12	been	be	AUX
dem-2895	37	13	applied	apply	VERB
dem-2895	37	14	by	by	ADP
dem-2895	37	15	kiss	kiss	NOUN
dem-2895	37	16	(	(	PUNCT
dem-2895	37	17	2011	2011	NUM
dem-2895	37	18	)	)	PUNCT
dem-2895	37	19	who	who	PRON
dem-2895	37	20	examines	examine	VERB
dem-2895	37	21	the	the	DET
dem-2895	37	22	transmission	transmission	NOUN
dem-2895	37	23	mechanism	mechanism	NOUN
dem-2895	37	24	of	of	ADP
dem-2895	37	25	interbank	interbank	NOUN
dem-2895	37	26	,	,	PUNCT
dem-2895	37	27	stock	stock	NOUN
dem-2895	37	28	and	and	CCONJ
dem-2895	37	29	currency	currency	NOUN
dem-2895	37	30	market	market	NOUN
dem-2895	37	31	crashes	crash	VERB
dem-2895	37	32	for	for	ADP
dem-2895	37	33	the	the	DET
dem-2895	37	34	czech	czech	PROPN
dem-2895	37	35	republic	republic	NOUN
dem-2895	37	36	,	,	PUNCT
dem-2895	37	37	hungary	hungary	PROPN
dem-2895	37	38	and	and	CCONJ
dem-2895	37	39	poland	poland	PROPN
dem-2895	37	40	as	as	ADV
dem-2895	37	41	well	well	ADV
dem-2895	37	42	as	as	ADP
dem-2895	37	43	for	for	ADP
dem-2895	37	44	the	the	DET
dem-2895	37	45	us	us	PROPN
dem-2895	37	46	and	and	CCONJ
dem-2895	37	47	euro	euro	PROPN
dem-2895	37	48	area	area	NOUN
dem-2895	37	49	,	,	PUNCT
dem-2895	37	50	using	use	VERB
dem-2895	37	51	daily	daily	ADJ
dem-2895	37	52	data	datum	NOUN
dem-2895	37	53	from	from	ADP
dem-2895	37	54	january	january	PROPN
dem-2895	37	55	2002	2002	NUM
dem-2895	37	56	to	to	ADP
dem-2895	37	57	october	october	PROPN
dem-2895	37	58	2010	2010	NUM
dem-2895	37	59	.	.	PUNCT
dem-2895	38	1	the	the	DET
dem-2895	38	2	main	main	ADJ
dem-2895	38	3	novelty	novelty	NOUN
dem-2895	38	4	in	in	ADP
dem-2895	38	5	our	our	PRON
dem-2895	38	6	analysis	analysis	NOUN
dem-2895	38	7	is	be	AUX
dem-2895	38	8	a	a	DET
dem-2895	38	9	detailed	detailed	ADJ
dem-2895	38	10	description	description	NOUN
dem-2895	38	11	of	of	ADP
dem-2895	38	12	the	the	DET
dem-2895	38	13	dynamics	dynamic	NOUN
dem-2895	38	14	of	of	ADP
dem-2895	38	15	two	two	NUM
dem-2895	38	16	types	type	NOUN
dem-2895	38	17	of	of	ADP
dem-2895	38	18	dependence	dependence	NOUN
dem-2895	38	19	between	between	ADP
dem-2895	38	20	the	the	DET
dem-2895	38	21	considered	consider	VERB
dem-2895	38	22	markets	market	NOUN
dem-2895	38	23	:	:	PUNCT
dem-2895	38	24	an	an	DET
dem-2895	38	25	average	average	ADJ
dem-2895	38	26	dependence	dependence	NOUN
dem-2895	38	27	measured	measure	VERB
dem-2895	38	28	by	by	ADP
dem-2895	38	29	spear	spear	NOUN
dem-2895	38	30	-	-	PUNCT
dem-2895	38	31	man	man	NOUN
dem-2895	38	32	’s	’s	PART
dem-2895	38	33	rho	rho	ADJ
dem-2895	38	34	,	,	PUNCT
dem-2895	38	35	and	and	CCONJ
dem-2895	38	36	tail	tail	NOUN
dem-2895	38	37	dependence	dependence	NOUN
dem-2895	38	38	estimated	estimate	VERB
dem-2895	38	39	by	by	ADP
dem-2895	38	40	means	mean	NOUN
dem-2895	38	41	of	of	ADP
dem-2895	38	42	upper	upper	ADJ
dem-2895	38	43	and	and	CCONJ
dem-2895	38	44	lower	low	ADJ
dem-2895	38	45	tail	tail	NOUN
dem-2895	38	46	dependence	dependence	NOUN
dem-2895	38	47	coefficients	coefficient	NOUN
dem-2895	38	48	.	.	PUNCT
dem-2895	39	1	unlike	unlike	ADP
dem-2895	39	2	pearson	pearson	PROPN
dem-2895	39	3	’s	’s	PART
dem-2895	39	4	correlation	correlation	NOUN
dem-2895	39	5	,	,	PUNCT
dem-2895	39	6	which	which	PRON
dem-2895	39	7	is	be	AUX
dem-2895	39	8	invariant	invariant	ADJ
dem-2895	39	9	only	only	ADV
dem-2895	39	10	under	under	ADP
dem-2895	39	11	increasing	increase	VERB
dem-2895	39	12	affine	affine	NOUN
dem-2895	39	13	trans	tran	NOUN
dem-2895	39	14	-	-	NOUN
dem-2895	39	15	formations	formation	NOUN
dem-2895	39	16	of	of	ADP
dem-2895	39	17	the	the	DET
dem-2895	39	18	margins	margin	NOUN
dem-2895	39	19	of	of	ADP
dem-2895	39	20	a	a	DET
dem-2895	39	21	bivariate	bivariate	ADJ
dem-2895	39	22	random	random	ADJ
dem-2895	39	23	vector	vector	NOUN
dem-2895	39	24	,	,	PUNCT
dem-2895	39	25	the	the	DET
dem-2895	39	26	dependence	dependence	NOUN
dem-2895	39	27	measures	measure	NOUN
dem-2895	39	28	applied	apply	VERB
dem-2895	39	29	by	by	ADP
dem-2895	39	30	us	we	PRON
dem-2895	39	31	are	be	AUX
dem-2895	39	32	invariant	invariant	ADJ
dem-2895	39	33	with	with	ADP
dem-2895	39	34	respect	respect	NOUN
dem-2895	39	35	to	to	ADP
dem-2895	39	36	strictly	strictly	ADV
dem-2895	39	37	increasing	increase	VERB
dem-2895	39	38	transformations	transformation	NOUN
dem-2895	39	39	of	of	ADP
dem-2895	39	40	the	the	DET
dem-2895	39	41	margins	margin	NOUN
dem-2895	39	42	.	.	PUNCT
dem-2895	40	1	hence	hence	ADV
dem-2895	40	2	,	,	PUNCT
dem-2895	40	3	the	the	DET
dem-2895	40	4	measures	measure	NOUN
dem-2895	40	5	are	be	AUX
dem-2895	40	6	more	more	ADV
dem-2895	40	7	suitable	suitable	ADJ
dem-2895	40	8	in	in	ADP
dem-2895	40	9	detecting	detect	VERB
dem-2895	40	10	dependencies	dependency	NOUN
dem-2895	40	11	of	of	ADP
dem-2895	40	12	non	non	ADJ
dem-2895	40	13	-	-	ADJ
dem-2895	40	14	linear	linear	ADJ
dem-2895	40	15	type	type	NOUN
dem-2895	40	16	between	between	ADP
dem-2895	40	17	analyzed	analyze	VERB
dem-2895	40	18	stock	stock	NOUN
dem-2895	40	19	returns	return	NOUN
dem-2895	40	20	.	.	PUNCT
dem-2895	41	1	in	in	ADP
dem-2895	41	2	fact	fact	NOUN
dem-2895	41	3	,	,	PUNCT
dem-2895	41	4	we	we	PRON
dem-2895	41	5	use	use	VERB
dem-2895	41	6	a	a	DET
dem-2895	41	7	copula	copula	NOUN
dem-2895	41	8	regime	regime	NOUN
dem-2895	41	9	-	-	PUNCT
dem-2895	41	10	switching	switch	VERB
dem-2895	41	11	approach	approach	NOUN
dem-2895	41	12	to	to	PART
dem-2895	41	13	model	model	VERB
dem-2895	41	14	the	the	DET
dem-2895	41	15	conditional	conditional	ADJ
dem-2895	41	16	bivariate	bivariate	ADJ
dem-2895	41	17	distributions	distribution	NOUN
dem-2895	41	18	of	of	ADP
dem-2895	41	19	the	the	DET
dem-2895	41	20	returns	return	NOUN
dem-2895	41	21	.	.	PUNCT
dem-2895	42	1	so	so	ADV
dem-2895	42	2	,	,	PUNCT
dem-2895	42	3	the	the	DET
dem-2895	42	4	aforementioned	aforementioned	ADJ
dem-2895	42	5	properties	property	NOUN
dem-2895	42	6	of	of	ADP
dem-2895	42	7	the	the	DET
dem-2895	42	8	applied	apply	VERB
dem-2895	42	9	depend	depend	NOUN
dem-2895	42	10	-	-	PUNCT
dem-2895	42	11	ence	ence	NOUN
dem-2895	42	12	measures	measure	NOUN
dem-2895	42	13	can	can	AUX
dem-2895	42	14	be	be	AUX
dem-2895	42	15	drawn	draw	VERB
dem-2895	42	16	from	from	ADP
dem-2895	42	17	the	the	DET
dem-2895	42	18	fact	fact	NOUN
dem-2895	42	19	that	that	SCONJ
dem-2895	42	20	the	the	DET
dem-2895	42	21	measures	measure	NOUN
dem-2895	42	22	are	be	AUX
dem-2895	42	23	copula	copula	NOUN
dem-2895	42	24	-	-	PUNCT
dem-2895	42	25	based	base	VERB
dem-2895	42	26	.	.	PUNCT
dem-2895	43	1	what	what	PRON
dem-2895	43	2	is	be	AUX
dem-2895	43	3	more	more	ADJ
dem-2895	43	4	,	,	PUNCT
dem-2895	43	5	using	use	VERB
dem-2895	43	6	copulas	copula	NOUN
dem-2895	43	7	models	model	NOUN
dem-2895	43	8	allows	allow	VERB
dem-2895	43	9	to	to	PART
dem-2895	43	10	leave	leave	VERB
dem-2895	43	11	behind	behind	ADP
dem-2895	43	12	the	the	DET
dem-2895	43	13	class	class	NOUN
dem-2895	43	14	of	of	ADP
dem-2895	43	15	elliptical	elliptical	ADJ
dem-2895	43	16	distributions	distribution	NOUN
dem-2895	43	17	.	.	PUNCT
dem-2895	44	1	this	this	PRON
dem-2895	44	2	is	be	AUX
dem-2895	44	3	because	because	SCONJ
dem-2895	44	4	,	,	PUNCT
dem-2895	44	5	in	in	ADP
dem-2895	44	6	this	this	DET
dem-2895	44	7	approach	approach	NOUN
dem-2895	44	8	,	,	PUNCT
dem-2895	44	9	description	description	NOUN
dem-2895	44	10	of	of	ADP
dem-2895	44	11	the	the	DET
dem-2895	44	12	behavior	behavior	NOUN
dem-2895	44	13	of	of	ADP
dem-2895	44	14	the	the	DET
dem-2895	44	15	marginals	marginal	NOUN
dem-2895	44	16	is	be	AUX
dem-2895	44	17	separated	separate	VERB
dem-2895	44	18	from	from	ADP
dem-2895	44	19	model	model	NOUN
dem-2895	44	20	-	-	ADJ
dem-2895	44	21	ing	ing	ADJ
dem-2895	44	22	their	their	PRON
dem-2895	44	23	dependence	dependence	NOUN
dem-2895	44	24	structure	structure	NOUN
dem-2895	44	25	.	.	PUNCT
dem-2895	45	1	the	the	DET
dem-2895	45	2	advantages	advantage	NOUN
dem-2895	45	3	of	of	ADP
dem-2895	45	4	our	our	PRON
dem-2895	45	5	approach	approach	NOUN
dem-2895	45	6	stem	stem	VERB
dem-2895	45	7	also	also	ADV
dem-2895	45	8	from	from	ADP
dem-2895	45	9	the	the	DET
dem-2895	45	10	fact	fact	NOUN
dem-2895	45	11	that	that	SCONJ
dem-2895	45	12	the	the	DET
dem-2895	45	13	tail	tail	NOUN
dem-2895	45	14	dependence	dependence	NOUN
dem-2895	45	15	coefficients	coefficient	NOUN
dem-2895	45	16	reflect	reflect	VERB
dem-2895	45	17	the	the	DET
dem-2895	45	18	dependence	dependence	NOUN
dem-2895	45	19	in	in	ADP
dem-2895	45	20	extreme	extreme	ADJ
dem-2895	45	21	values	value	NOUN
dem-2895	45	22	,	,	PUNCT
dem-2895	45	23	which	which	PRON
dem-2895	45	24	is	be	AUX
dem-2895	45	25	very	very	ADV
dem-2895	45	26	fruitful	fruitful	ADJ
dem-2895	45	27	in	in	ADP
dem-2895	45	28	describing	describe	VERB
dem-2895	45	29	the	the	DET
dem-2895	45	30	market	market	NOUN
dem-2895	45	31	linkages	linkage	NOUN
dem-2895	45	32	during	during	ADP
dem-2895	45	33	crisis	crisis	NOUN
dem-2895	45	34	periods	period	NOUN
dem-2895	45	35	.	.	PUNCT
dem-2895	46	1	additionally	additionally	ADV
dem-2895	46	2	,	,	PUNCT
dem-2895	46	3	a	a	DET
dem-2895	46	4	markov	markov	NOUN
dem-2895	46	5	regime	regime	NOUN
dem-2895	46	6	switching	switch	VERB
dem-2895	46	7	mechanism	mechanism	NOUN
dem-2895	46	8	we	we	PRON
dem-2895	46	9	use	use	VERB
dem-2895	46	10	provides	provide	VERB
dem-2895	46	11	a	a	DET
dem-2895	46	12	possibility	possibility	NOUN
dem-2895	46	13	to	to	PART
dem-2895	46	14	model	model	VERB
dem-2895	46	15	the	the	DET
dem-2895	46	16	temporal	temporal	ADJ
dem-2895	46	17	fluctuation	fluctuation	NOUN
dem-2895	46	18	of	of	ADP
dem-2895	46	19	the	the	DET
dem-2895	46	20	strength	strength	NOUN
dem-2895	46	21	and	and	CCONJ
dem-2895	46	22	characteristics	characteristic	NOUN
dem-2895	46	23	of	of	ADP
dem-2895	46	24	the	the	DET
dem-2895	46	25	modeled	model	VERB
dem-2895	46	26	dependencies	dependency	NOUN
dem-2895	46	27	.	.	PUNCT
dem-2895	47	1	we	we	PRON
dem-2895	47	2	also	also	ADV
dem-2895	47	3	compare	compare	VERB
dem-2895	47	4	the	the	DET
dem-2895	47	5	estimates	estimate	NOUN
dem-2895	47	6	of	of	ADP
dem-2895	47	7	the	the	DET
dem-2895	47	8	measures	measure	NOUN
dem-2895	47	9	of	of	ADP
dem-2895	47	10	the	the	DET
dem-2895	47	11	dependencies	dependency	NOUN
dem-2895	47	12	between	between	ADP
dem-2895	47	13	the	the	DET
dem-2895	47	14	czech	czech	PROPN
dem-2895	47	15	,	,	PUNCT
dem-2895	47	16	polish	polish	ADJ
dem-2895	47	17	and	and	CCONJ
dem-2895	47	18	hungarian	hungarian	ADJ
dem-2895	47	19	stock	stock	NOUN
dem-2895	47	20	markets	market	NOUN
dem-2895	47	21	with	with	ADP
dem-2895	47	22	the	the	DET
dem-2895	47	23	corresponding	corresponding	ADJ
dem-2895	47	24	quantities	quantity	NOUN
dem-2895	47	25	obtained	obtain	VERB
dem-2895	47	26	for	for	ADP
dem-2895	47	27	the	the	DET
dem-2895	47	28	dependencies	dependency	NOUN
dem-2895	47	29	between	between	ADP
dem-2895	47	30	these	these	DET
dem-2895	47	31	markets	market	NOUN
dem-2895	47	32	and	and	CCONJ
dem-2895	47	33	western	western	ADJ
dem-2895	47	34	european	european	ADJ
dem-2895	47	35	and	and	CCONJ
dem-2895	47	36	american	american	ADJ
dem-2895	47	37	stock	stock	NOUN
dem-2895	47	38	markets	market	NOUN
dem-2895	47	39	represented	represent	VERB
dem-2895	47	40	by	by	ADP
dem-2895	47	41	the	the	DET
dem-2895	47	42	stock	stock	NOUN
dem-2895	47	43	indices	indice	VERB
dem-2895	47	44	dax	dax	PROPN
dem-2895	47	45	and	and	CCONJ
dem-2895	47	46	s&p	s&p	PROPN
dem-2895	47	47	500	500	NUM
dem-2895	47	48	.	.	PUNCT
dem-2895	48	1	our	our	PRON
dem-2895	48	2	results	result	NOUN
dem-2895	48	3	show	show	VERB
dem-2895	48	4	that	that	SCONJ
dem-2895	48	5	the	the	DET
dem-2895	48	6	dynamics	dynamic	NOUN
dem-2895	48	7	of	of	ADP
dem-2895	48	8	dependencies	dependency	NOUN
dem-2895	48	9	in	in	ADP
dem-2895	48	10	the	the	DET
dem-2895	48	11	two	two	NUM
dem-2895	48	12	cases	case	NOUN
dem-2895	48	13	are	be	AUX
dem-2895	48	14	completely	completely	ADV
dem-2895	48	15	different	different	ADJ
dem-2895	48	16	,	,	PUNCT
dem-2895	48	17	and	and	CCONJ
dem-2895	48	18	that	that	SCONJ
dem-2895	48	19	the	the	DET
dem-2895	48	20	dependencies	dependency	NOUN
dem-2895	48	21	between	between	ADP
dem-2895	48	22	the	the	DET
dem-2895	48	23	emerging	emerge	VERB
dem-2895	48	24	markets	market	NOUN
dem-2895	48	25	are	be	AUX
dem-2895	48	26	more	more	ADV
dem-2895	48	27	sensitive	sensitive	ADJ
dem-2895	48	28	to	to	ADP
dem-2895	48	29	new	new	ADJ
dem-2895	48	30	information	information	NOUN
dem-2895	48	31	flow	flow	NOUN
dem-2895	48	32	.	.	PUNCT
dem-2895	49	1	however	however	ADV
dem-2895	49	2	,	,	PUNCT
dem-2895	49	3	the	the	DET
dem-2895	49	4	linkages	linkage	NOUN
dem-2895	49	5	of	of	ADP
dem-2895	49	6	these	these	DET
dem-2895	49	7	markets	market	NOUN
dem-2895	49	8	with	with	ADP
dem-2895	49	9	the	the	DET
dem-2895	49	10	main	main	ADJ
dem-2895	49	11	world	world	NOUN
dem-2895	49	12	markets	market	NOUN
dem-2895	49	13	are	be	AUX
dem-2895	49	14	rather	rather	ADV
dem-2895	49	15	stable	stable	ADJ
dem-2895	49	16	.	.	PUNCT
dem-2895	50	1	małgorzata	małgorzata	NOUN
dem-2895	50	2	doman	doman	PROPN
dem-2895	50	3	,	,	PUNCT
dem-2895	50	4	ryszard	ryszard	NOUN
dem-2895	50	5	doman	doman	PROPN
dem-2895	50	6	dynamic	dynamic	ADJ
dem-2895	50	7	econometric	econometric	ADJ
dem-2895	50	8	models	model	NOUN
dem-2895	50	9	13	13	NUM
dem-2895	50	10	(	(	PUNCT
dem-2895	50	11	2013	2013	NUM
dem-2895	50	12	)	)	PUNCT
dem-2895	50	13	5–31	5–31	PROPN
dem-2895	50	14	8	8	NUM
dem-2895	50	15	1	1	NUM
dem-2895	50	16	.	.	PUNCT
dem-2895	51	1	markov	markov	NOUN
dem-2895	51	2	-	-	PUNCT
dem-2895	51	3	switching	switch	VERB
dem-2895	51	4	copula	copula	NOUN
dem-2895	51	5	models	model	NOUN
dem-2895	51	6	modeling	model	VERB
dem-2895	51	7	the	the	DET
dem-2895	51	8	dynamics	dynamic	NOUN
dem-2895	51	9	of	of	ADP
dem-2895	51	10	dependencies	dependency	NOUN
dem-2895	51	11	between	between	ADP
dem-2895	51	12	financial	financial	ADJ
dem-2895	51	13	returns	return	NOUN
dem-2895	51	14	is	be	AUX
dem-2895	51	15	not	not	PART
dem-2895	51	16	an	an	DET
dem-2895	51	17	easy	easy	ADJ
dem-2895	51	18	task	task	NOUN
dem-2895	51	19	because	because	SCONJ
dem-2895	51	20	of	of	ADP
dem-2895	51	21	interaction	interaction	NOUN
dem-2895	51	22	between	between	ADP
dem-2895	51	23	the	the	DET
dem-2895	51	24	volatility	volatility	NOUN
dem-2895	51	25	of	of	ADP
dem-2895	51	26	the	the	DET
dem-2895	51	27	individual	individual	ADJ
dem-2895	51	28	returns	return	NOUN
dem-2895	51	29	and	and	CCONJ
dem-2895	51	30	the	the	DET
dem-2895	51	31	dependence	dependence	NOUN
dem-2895	51	32	structure	structure	NOUN
dem-2895	51	33	.	.	PUNCT
dem-2895	52	1	the	the	DET
dem-2895	52	2	interaction	interaction	NOUN
dem-2895	52	3	is	be	AUX
dem-2895	52	4	especially	especially	ADV
dem-2895	52	5	apparent	apparent	ADJ
dem-2895	52	6	during	during	ADP
dem-2895	52	7	the	the	DET
dem-2895	52	8	periods	period	NOUN
dem-2895	52	9	of	of	ADP
dem-2895	52	10	financial	financial	ADJ
dem-2895	52	11	crises	crisis	NOUN
dem-2895	52	12	and	and	CCONJ
dem-2895	52	13	turbulence	turbulence	NOUN
dem-2895	52	14	in	in	ADP
dem-2895	52	15	financial	financial	ADJ
dem-2895	52	16	markets	market	NOUN
dem-2895	52	17	(	(	PUNCT
dem-2895	52	18	ang	ang	INTJ
dem-2895	52	19	,	,	PUNCT
dem-2895	52	20	bekaert	bekaert	NOUN
dem-2895	52	21	,	,	PUNCT
dem-2895	52	22	2002	2002	NUM
dem-2895	52	23	;	;	PUNCT
dem-2895	52	24	forbes	forbe	NOUN
dem-2895	52	25	,	,	PUNCT
dem-2895	52	26	rigobon	rigobon	NOUN
dem-2895	52	27	,	,	PUNCT
dem-2895	52	28	2002	2002	NUM
dem-2895	52	29	)	)	PUNCT
dem-2895	52	30	.	.	PUNCT
dem-2895	53	1	in	in	ADP
dem-2895	53	2	such	such	ADJ
dem-2895	53	3	circumstances	circumstance	NOUN
dem-2895	53	4	,	,	PUNCT
dem-2895	53	5	the	the	DET
dem-2895	53	6	investigation	investigation	NOUN
dem-2895	53	7	of	of	ADP
dem-2895	53	8	the	the	DET
dem-2895	53	9	dynamics	dynamic	NOUN
dem-2895	53	10	of	of	ADP
dem-2895	53	11	the	the	DET
dem-2895	53	12	linkages	linkage	NOUN
dem-2895	53	13	becomes	become	VERB
dem-2895	53	14	more	more	ADV
dem-2895	53	15	difficult	difficult	ADJ
dem-2895	53	16	due	due	ADJ
dem-2895	53	17	to	to	ADP
dem-2895	53	18	different	different	ADJ
dem-2895	53	19	types	type	NOUN
dem-2895	53	20	of	of	ADP
dem-2895	53	21	asymmetries	asymmetry	NOUN
dem-2895	53	22	and	and	CCONJ
dem-2895	53	23	structural	structural	ADJ
dem-2895	53	24	breaks	break	NOUN
dem-2895	53	25	which	which	PRON
dem-2895	53	26	are	be	AUX
dem-2895	53	27	likely	likely	ADJ
dem-2895	53	28	to	to	PART
dem-2895	53	29	arise	arise	VERB
dem-2895	53	30	(	(	PUNCT
dem-2895	53	31	ang	ang	INTJ
dem-2895	53	32	,	,	PUNCT
dem-2895	53	33	bekaert	bekaert	NOUN
dem-2895	53	34	,	,	PUNCT
dem-2895	53	35	2002	2002	NUM
dem-2895	53	36	;	;	PUNCT
dem-2895	53	37	ang	ang	PROPN
dem-2895	53	38	,	,	PUNCT
dem-2895	53	39	chen	chen	PROPN
dem-2895	53	40	,	,	PUNCT
dem-2895	53	41	2002	2002	NUM
dem-2895	53	42	;	;	PUNCT
dem-2895	53	43	patton	patton	PROPN
dem-2895	53	44	,	,	PUNCT
dem-2895	53	45	2004	2004	NUM
dem-2895	53	46	)	)	PUNCT
dem-2895	53	47	.	.	PUNCT
dem-2895	54	1	from	from	ADP
dem-2895	54	2	the	the	DET
dem-2895	54	3	point	point	NOUN
dem-2895	54	4	of	of	ADP
dem-2895	54	5	view	view	NOUN
dem-2895	54	6	of	of	ADP
dem-2895	54	7	the	the	DET
dem-2895	54	8	choice	choice	NOUN
dem-2895	54	9	of	of	ADP
dem-2895	54	10	a	a	DET
dem-2895	54	11	suitable	suitable	ADJ
dem-2895	54	12	multivariate	multivariate	NOUN
dem-2895	54	13	statistical	statistical	ADJ
dem-2895	54	14	model	model	NOUN
dem-2895	54	15	for	for	ADP
dem-2895	54	16	the	the	DET
dem-2895	54	17	conditional	conditional	ADJ
dem-2895	54	18	distribution	distribution	NOUN
dem-2895	54	19	of	of	ADP
dem-2895	54	20	the	the	DET
dem-2895	54	21	returns	return	NOUN
dem-2895	54	22	,	,	PUNCT
dem-2895	54	23	this	this	PRON
dem-2895	54	24	means	mean	VERB
dem-2895	54	25	that	that	SCONJ
dem-2895	54	26	elliptical	elliptical	ADJ
dem-2895	54	27	distributions	distribution	NOUN
dem-2895	54	28	should	should	AUX
dem-2895	54	29	hardly	hardly	ADV
dem-2895	54	30	be	be	AUX
dem-2895	54	31	assumed	assume	VERB
dem-2895	54	32	.	.	PUNCT
dem-2895	55	1	as	as	ADP
dem-2895	55	2	a	a	DET
dem-2895	55	3	consequence	consequence	NOUN
dem-2895	55	4	,	,	PUNCT
dem-2895	55	5	multivariate	multivariate	NOUN
dem-2895	55	6	garch	garch	NOUN
dem-2895	55	7	models	model	NOUN
dem-2895	55	8	(	(	PUNCT
dem-2895	55	9	see	see	VERB
dem-2895	55	10	a	a	DET
dem-2895	55	11	survey	survey	NOUN
dem-2895	55	12	by	by	ADP
dem-2895	55	13	bauwens	bauwen	NOUN
dem-2895	55	14	et	et	PROPN
dem-2895	55	15	al	al	PROPN
dem-2895	55	16	.	.	PROPN
dem-2895	55	17	,	,	PUNCT
dem-2895	55	18	2006	2006	NUM
dem-2895	55	19	)	)	PUNCT
dem-2895	55	20	can	can	AUX
dem-2895	55	21	be	be	AUX
dem-2895	55	22	an	an	DET
dem-2895	55	23	inappropriate	inappropriate	ADJ
dem-2895	55	24	tool	tool	NOUN
dem-2895	55	25	for	for	ADP
dem-2895	55	26	modeling	model	VERB
dem-2895	55	27	the	the	DET
dem-2895	55	28	dynamics	dynamic	NOUN
dem-2895	55	29	of	of	ADP
dem-2895	55	30	linkages	linkage	NOUN
dem-2895	55	31	.	.	PUNCT
dem-2895	56	1	in	in	ADP
dem-2895	56	2	such	such	DET
dem-2895	56	3	a	a	DET
dem-2895	56	4	situation	situation	NOUN
dem-2895	56	5	,	,	PUNCT
dem-2895	56	6	a	a	DET
dem-2895	56	7	concept	concept	NOUN
dem-2895	56	8	of	of	ADP
dem-2895	56	9	copula	copula	NOUN
dem-2895	56	10	can	can	AUX
dem-2895	56	11	provide	provide	VERB
dem-2895	56	12	an	an	DET
dem-2895	56	13	alternative	alternative	ADJ
dem-2895	56	14	solution	solution	NOUN
dem-2895	56	15	.	.	PUNCT
dem-2895	57	1	a	a	DET
dem-2895	57	2	bivariate	bivariate	ADJ
dem-2895	57	3	copula	copula	NOUN
dem-2895	57	4	is	be	AUX
dem-2895	57	5	a	a	DET
dem-2895	57	6	mapping	mapping	NOUN
dem-2895	57	7	:	:	PUNCT
dem-2895	58	1	[	[	X
dem-2895	58	2	0,1	0,1	NUM
dem-2895	58	3	]	]	X
dem-2895	59	1	[	[	X
dem-2895	59	2	01	01	NUM
dem-2895	59	3	]	]	X
dem-2895	59	4	[	[	X
dem-2895	59	5	0,1]c	0,1]c	NOUN
dem-2895	59	6	×	×	NOUN
dem-2895	59	7	→	→	PUNCT
dem-2895	59	8	from	from	ADP
dem-2895	59	9	the	the	DET
dem-2895	59	10	unit	unit	NOUN
dem-2895	59	11	square	square	ADJ
dem-2895	59	12	into	into	ADP
dem-2895	59	13	the	the	DET
dem-2895	59	14	unit	unit	NOUN
dem-2895	59	15	interval	interval	NOUN
dem-2895	59	16	,	,	PUNCT
dem-2895	59	17	which	which	PRON
dem-2895	59	18	is	be	AUX
dem-2895	59	19	a	a	DET
dem-2895	59	20	distribution	distribution	NOUN
dem-2895	59	21	function	function	NOUN
dem-2895	59	22	with	with	ADP
dem-2895	59	23	standard	standard	ADJ
dem-2895	59	24	uniform	uniform	ADJ
dem-2895	59	25	marginal	marginal	ADJ
dem-2895	59	26	distributions	distribution	NOUN
dem-2895	59	27	.	.	PUNCT
dem-2895	60	1	assume	assume	VERB
dem-2895	60	2	that	that	PRON
dem-2895	60	3	)	)	PUNCT
dem-2895	60	4	,	,	PUNCT
dem-2895	60	5	(	(	PUNCT
dem-2895	60	6	yx	yx	PROPN
dem-2895	60	7	is	be	AUX
dem-2895	60	8	a	a	DET
dem-2895	60	9	2	2	NUM
dem-2895	60	10	-	-	PUNCT
dem-2895	60	11	dimensional	dimensional	ADJ
dem-2895	60	12	random	random	ADJ
dem-2895	60	13	vector	vector	NOUN
dem-2895	60	14	with	with	ADP
dem-2895	60	15	joint	joint	ADJ
dem-2895	60	16	distribution	distribution	NOUN
dem-2895	60	17	h	h	NOUN
dem-2895	60	18	and	and	CCONJ
dem-2895	60	19	marginal	marginal	ADJ
dem-2895	60	20	distributions	distribution	NOUN
dem-2895	60	21	f	f	PROPN
dem-2895	60	22	and	and	CCONJ
dem-2895	60	23	g.	g.	PROPN
dem-2895	60	24	then	then	ADV
dem-2895	60	25	,	,	PUNCT
dem-2895	60	26	by	by	ADP
dem-2895	60	27	a	a	DET
dem-2895	60	28	theorem	theorem	NOUN
dem-2895	60	29	by	by	ADP
dem-2895	60	30	sklar	sklar	NOUN
dem-2895	60	31	(	(	PUNCT
dem-2895	60	32	1959	1959	NUM
dem-2895	60	33	)	)	PUNCT
dem-2895	60	34	,	,	PUNCT
dem-2895	60	35	h	h	NOUN
dem-2895	60	36	can	can	AUX
dem-2895	60	37	be	be	AUX
dem-2895	60	38	written	write	VERB
dem-2895	60	39	as	as	ADP
dem-2895	60	40	:	:	PUNCT
dem-2895	60	41	)	)	PUNCT
dem-2895	60	42	)	)	PUNCT
dem-2895	60	43	.	.	PUNCT
dem-2895	61	1	(	(	PUNCT
dem-2895	61	2	)	)	PUNCT
dem-2895	61	3	,	,	PUNCT
dem-2895	61	4	(	(	PUNCT
dem-2895	61	5	(	(	PUNCT
dem-2895	61	6	)	)	PUNCT
dem-2895	61	7	,	,	PUNCT
dem-2895	61	8	(	(	PUNCT
dem-2895	61	9	ygxfcyxh	ygxfcyxh	X
dem-2895	61	10	=	=	SYM
dem-2895	61	11	(	(	PUNCT
dem-2895	61	12	1	1	X
dem-2895	61	13	)	)	PUNCT
dem-2895	61	14	if	if	SCONJ
dem-2895	61	15	f	f	PROPN
dem-2895	61	16	and	and	CCONJ
dem-2895	61	17	g	g	PROPN
dem-2895	61	18	are	be	AUX
dem-2895	61	19	continuous	continuous	ADJ
dem-2895	61	20	then	then	ADV
dem-2895	61	21	the	the	DET
dem-2895	61	22	function	function	NOUN
dem-2895	61	23	c	c	NOUN
dem-2895	61	24	is	be	AUX
dem-2895	61	25	uniquely	uniquely	ADV
dem-2895	61	26	given	give	VERB
dem-2895	61	27	by	by	ADP
dem-2895	61	28	the	the	DET
dem-2895	61	29	formula	formula	NOUN
dem-2895	61	30	:	:	PUNCT
dem-2895	61	31	)	)	PUNCT
dem-2895	61	32	)	)	PUNCT
dem-2895	61	33	,	,	PUNCT
dem-2895	61	34	(	(	PUNCT
dem-2895	61	35	)	)	PUNCT
dem-2895	61	36	,	,	PUNCT
dem-2895	61	37	(	(	PUNCT
dem-2895	61	38	(	(	PUNCT
dem-2895	61	39	)	)	PUNCT
dem-2895	61	40	,	,	PUNCT
dem-2895	61	41	(	(	PUNCT
dem-2895	61	42	11	11	NUM
dem-2895	61	43	vgufhvuc	vgufhvuc	NOUN
dem-2895	61	44	−−=	−−=	NOUN
dem-2895	61	45	(	(	PUNCT
dem-2895	61	46	2	2	NUM
dem-2895	61	47	)	)	PUNCT
dem-2895	61	48	for	for	ADP
dem-2895	61	49	]	]	SYM
dem-2895	61	50	1	1	NUM
dem-2895	61	51	,	,	PUNCT
dem-2895	61	52	0	0	NUM
dem-2895	61	53	[	[	X
dem-2895	61	54	,	,	PUNCT
dem-2895	61	55	∈vu	∈vu	NOUN
dem-2895	61	56	,	,	PUNCT
dem-2895	61	57	where	where	SCONJ
dem-2895	61	58	1	1	NUM
dem-2895	61	59	(	(	PUNCT
dem-2895	61	60	)	)	PUNCT
dem-2895	61	61	inf	inf	NOUN
dem-2895	61	62	{	{	PUNCT
dem-2895	61	63	:	:	PUNCT
dem-2895	61	64	(	(	PUNCT
dem-2895	61	65	)	)	PUNCT
dem-2895	62	1	}	}	PUNCT
dem-2895	62	2	f	f	X
dem-2895	62	3	u	u	NOUN
dem-2895	62	4	x	x	PROPN
dem-2895	62	5	f	f	PROPN
dem-2895	62	6	x	x	PROPN
dem-2895	62	7	u−	u−	PROPN
dem-2895	62	8	=	=	SYM
dem-2895	62	9	≥	≥	X
dem-2895	62	10	(	(	PUNCT
dem-2895	62	11	nelsen	nelsen	PROPN
dem-2895	62	12	,	,	PUNCT
dem-2895	62	13	2006	2006	NUM
dem-2895	62	14	)	)	PUNCT
dem-2895	62	15	.	.	PUNCT
dem-2895	63	1	in	in	ADP
dem-2895	63	2	this	this	DET
dem-2895	63	3	case	case	NOUN
dem-2895	63	4	,	,	PUNCT
dem-2895	63	5	c	c	PROPN
dem-2895	63	6	is	be	AUX
dem-2895	63	7	called	call	VERB
dem-2895	63	8	the	the	DET
dem-2895	63	9	copula	copula	NOUN
dem-2895	63	10	of	of	ADP
dem-2895	63	11	h	h	NOUN
dem-2895	63	12	or	or	CCONJ
dem-2895	63	13	of	of	ADP
dem-2895	63	14	(	(	PUNCT
dem-2895	63	15	,	,	PUNCT
dem-2895	63	16	)	)	PUNCT
dem-2895	63	17	x	x	PROPN
dem-2895	63	18	y	y	PROPN
dem-2895	63	19	.	.	PUNCT
dem-2895	64	1	since	since	SCONJ
dem-2895	64	2	the	the	DET
dem-2895	64	3	marginal	marginal	ADJ
dem-2895	64	4	distributions	distribution	NOUN
dem-2895	64	5	in	in	ADP
dem-2895	64	6	the	the	DET
dem-2895	64	7	decomposition	decomposition	NOUN
dem-2895	64	8	(	(	PUNCT
dem-2895	64	9	1	1	X
dem-2895	64	10	)	)	PUNCT
dem-2895	64	11	are	be	AUX
dem-2895	64	12	separated	separate	VERB
dem-2895	64	13	,	,	PUNCT
dem-2895	64	14	it	it	PRON
dem-2895	64	15	makes	make	VERB
dem-2895	64	16	sense	sense	NOUN
dem-2895	64	17	to	to	PART
dem-2895	64	18	interpret	interpret	VERB
dem-2895	64	19	c	c	PROPN
dem-2895	64	20	as	as	ADP
dem-2895	64	21	the	the	DET
dem-2895	64	22	dependence	dependence	NOUN
dem-2895	64	23	structure	structure	NOUN
dem-2895	64	24	of	of	ADP
dem-2895	64	25	the	the	DET
dem-2895	64	26	vector	vector	NOUN
dem-2895	64	27	(	(	PUNCT
dem-2895	64	28	,	,	PUNCT
dem-2895	64	29	)	)	PUNCT
dem-2895	64	30	x	x	PROPN
dem-2895	65	1	y	y	NOUN
dem-2895	65	2	.	.	PUNCT
dem-2895	66	1	we	we	PRON
dem-2895	66	2	refer	refer	VERB
dem-2895	66	3	to	to	ADP
dem-2895	66	4	patton	patton	PROPN
dem-2895	66	5	(	(	PUNCT
dem-2895	66	6	2009	2009	NUM
dem-2895	66	7	)	)	PUNCT
dem-2895	66	8	and	and	CCONJ
dem-2895	66	9	references	reference	NOUN
dem-2895	66	10	therein	therein	ADV
dem-2895	66	11	for	for	ADP
dem-2895	66	12	an	an	DET
dem-2895	66	13	overview	overview	NOUN
dem-2895	66	14	of	of	ADP
dem-2895	66	15	applications	application	NOUN
dem-2895	66	16	of	of	ADP
dem-2895	66	17	copulas	copula	NOUN
dem-2895	66	18	in	in	ADP
dem-2895	66	19	analysis	analysis	NOUN
dem-2895	66	20	of	of	ADP
dem-2895	66	21	financial	financial	ADJ
dem-2895	66	22	time	time	NOUN
dem-2895	66	23	series	series	NOUN
dem-2895	66	24	.	.	PUNCT
dem-2895	67	1	the	the	DET
dem-2895	67	2	simplest	simple	ADJ
dem-2895	67	3	copula	copula	NOUN
dem-2895	67	4	is	be	AUX
dem-2895	67	5	defined	define	VERB
dem-2895	67	6	by	by	ADP
dem-2895	67	7	uvvuc	uvvuc	ADJ
dem-2895	67	8	=	=	NOUN
dem-2895	67	9	π	π	PROPN
dem-2895	67	10	)	)	PUNCT
dem-2895	67	11	,	,	PUNCT
dem-2895	67	12	(	(	PUNCT
dem-2895	67	13	and	and	CCONJ
dem-2895	67	14	it	it	PRON
dem-2895	67	15	corresponds	correspond	VERB
dem-2895	67	16	to	to	ADP
dem-2895	67	17	independence	independence	NOUN
dem-2895	67	18	of	of	ADP
dem-2895	67	19	marginal	marginal	ADJ
dem-2895	67	20	distributions	distribution	NOUN
dem-2895	67	21	.	.	PUNCT
dem-2895	68	1	in	in	ADP
dem-2895	68	2	the	the	DET
dem-2895	68	3	empirical	empirical	ADJ
dem-2895	68	4	part	part	NOUN
dem-2895	68	5	of	of	ADP
dem-2895	68	6	this	this	DET
dem-2895	68	7	paper	paper	NOUN
dem-2895	68	8	we	we	PRON
dem-2895	68	9	will	will	AUX
dem-2895	68	10	also	also	ADV
dem-2895	68	11	use	use	VERB
dem-2895	68	12	the	the	DET
dem-2895	68	13	gaussian	gaussian	NOUN
dem-2895	68	14	,	,	PUNCT
dem-2895	68	15	clayton	clayton	PROPN
dem-2895	68	16	,	,	PUNCT
dem-2895	68	17	and	and	CCONJ
dem-2895	68	18	joe	joe	PROPN
dem-2895	68	19	-	-	PUNCT
dem-2895	68	20	clayton	clayton	PROPN
dem-2895	68	21	copulas	copula	NOUN
dem-2895	68	22	.	.	PUNCT
dem-2895	69	1	they	they	PRON
dem-2895	69	2	are	be	AUX
dem-2895	69	3	defined	define	VERB
dem-2895	69	4	as	as	SCONJ
dem-2895	69	5	follows	follow	VERB
dem-2895	69	6	:	:	PUNCT
dem-2895	69	7	the	the	DET
dem-2895	69	8	dynamics	dynamic	NOUN
dem-2895	69	9	and	and	CCONJ
dem-2895	69	10	strength	strength	NOUN
dem-2895	69	11	of	of	ADP
dem-2895	69	12	linkages	linkage	NOUN
dem-2895	69	13	between	between	ADP
dem-2895	69	14	the	the	DET
dem-2895	69	15	stock	stock	NOUN
dem-2895	69	16	markets	market	NOUN
dem-2895	69	17	…	…	PUNCT
dem-2895	69	18	dynamic	dynamic	ADJ
dem-2895	69	19	econometric	econometric	ADJ
dem-2895	69	20	models	model	NOUN
dem-2895	69	21	3	3	NUM
dem-2895	69	22	(	(	PUNCT
dem-2895	69	23	2013	2013	NUM
dem-2895	69	24	)	)	PUNCT
dem-2895	69	25	5–31	5–31	PROPN
dem-2895	69	26	9	9	NUM
dem-2895	69	27	(	(	PUNCT
dem-2895	69	28	)	)	PUNCT
dem-2895	69	29	,	,	PUNCT
dem-2895	69	30	)	)	PUNCT
dem-2895	69	31	(	(	PUNCT
dem-2895	69	32	)	)	PUNCT
dem-2895	69	33	,	,	PUNCT
dem-2895	69	34	(	(	PUNCT
dem-2895	69	35	)	)	PUNCT
dem-2895	69	36	,	,	PUNCT
dem-2895	69	37	(	(	PUNCT
dem-2895	69	38	11	11	NUM
dem-2895	69	39	vuvucgauss	vuvucgauss	ADJ
dem-2895	69	40	−−	−−	NOUN
dem-2895	69	41	φφφ=	φφφ=	PROPN
dem-2895	69	42	ρρ	ρρ	PROPN
dem-2895	69	43	(	(	PUNCT
dem-2895	69	44	3	3	NUM
dem-2895	69	45	)	)	PUNCT
dem-2895	69	46	,	,	PUNCT
dem-2895	69	47	)	)	PUNCT
dem-2895	69	48	1	1	NUM
dem-2895	69	49	(	(	PUNCT
dem-2895	69	50	)	)	PUNCT
dem-2895	69	51	,	,	PUNCT
dem-2895	69	52	(	(	PUNCT
dem-2895	69	53	1	1	NUM
dem-2895	69	54	γγγ	γγγ	NUM
dem-2895	69	55	γ	γ	PROPN
dem-2895	69	56	−−−	−−−	X
dem-2895	69	57	−+=	−+=	ADJ
dem-2895	69	58	vuvuc	vuvuc	PROPN
dem-2895	69	59	clayton	clayton	PROPN
dem-2895	69	60	(	(	PUNCT
dem-2895	69	61	4	4	NUM
dem-2895	69	62	)	)	PUNCT
dem-2895	69	63	(	(	PUNCT
dem-2895	69	64	)	)	PUNCT
dem-2895	69	65	,	,	PUNCT
dem-2895	69	66	)	)	PUNCT
dem-2895	69	67	1])1(1[])1(1([11	1])1(1[])1(1([11	NUM
dem-2895	69	68	)	)	PUNCT
dem-2895	69	69	,	,	PUNCT
dem-2895	69	70	(	(	PUNCT
dem-2895	69	71	/1/1	/1/1	PUNCT
dem-2895	69	72	,	,	PUNCT
dem-2895	69	73	κγγκγκ	κγγκγκ	VERB
dem-2895	69	74	γκ	γκ	ADJ
dem-2895	69	75	−−−	−−−	NOUN
dem-2895	70	1	−	−	PROPN
dem-2895	70	2	−−−+−−−−=	−−−+−−−−=	NOUN
dem-2895	70	3	=	=	SYM
dem-2895	70	4	vu	vu	PROPN
dem-2895	70	5	vuc	vuc	X
dem-2895	70	6	claytonjoe	claytonjoe	PROPN
dem-2895	70	7	(	(	PUNCT
dem-2895	70	8	5	5	NUM
dem-2895	70	9	)	)	PUNCT
dem-2895	70	10	where	where	SCONJ
dem-2895	70	11	ρφ	ρφ	PROPN
dem-2895	70	12	denotes	denote	VERB
dem-2895	70	13	the	the	DET
dem-2895	70	14	distribution	distribution	NOUN
dem-2895	70	15	of	of	ADP
dem-2895	70	16	a	a	DET
dem-2895	70	17	2	2	NUM
dem-2895	70	18	-	-	PUNCT
dem-2895	70	19	dimensional	dimensional	ADJ
dem-2895	70	20	standardized	standardized	ADJ
dem-2895	70	21	normal	normal	ADJ
dem-2895	70	22	vector	vector	NOUN
dem-2895	70	23	with	with	ADP
dem-2895	70	24	the	the	DET
dem-2895	70	25	linear	linear	ADJ
dem-2895	70	26	correlation	correlation	NOUN
dem-2895	70	27	coefficient	coefficient	NOUN
dem-2895	70	28	ρ	ρ	PROPN
dem-2895	70	29	,	,	PUNCT
dem-2895	70	30	φ	φ	PROPN
dem-2895	70	31	stands	stand	VERB
dem-2895	70	32	for	for	ADP
dem-2895	70	33	the	the	DET
dem-2895	70	34	standard	standard	ADJ
dem-2895	70	35	normal	normal	ADJ
dem-2895	70	36	distribution	distribution	NOUN
dem-2895	70	37	function	function	NOUN
dem-2895	70	38	,	,	PUNCT
dem-2895	70	39	and	and	CCONJ
dem-2895	70	40	1≥κ	1≥κ	NUM
dem-2895	70	41	,	,	PUNCT
dem-2895	70	42	0	0	NUM
dem-2895	70	43	>	>	X
dem-2895	70	44	γ	γ	X
dem-2895	70	45	.	.	PUNCT
dem-2895	71	1	the	the	DET
dem-2895	71	2	clayton	clayton	PROPN
dem-2895	71	3	copula	copula	PROPN
dem-2895	71	4	claytonc	claytonc	VERB
dem-2895	71	5	γ	γ	PROPN
dem-2895	71	6	is	be	AUX
dem-2895	71	7	a	a	DET
dem-2895	71	8	special	special	ADJ
dem-2895	71	9	case	case	NOUN
dem-2895	71	10	of	of	ADP
dem-2895	71	11	the	the	DET
dem-2895	71	12	joe	joe	PROPN
dem-2895	71	13	-	-	PUNCT
dem-2895	71	14	clayton	clayton	PROPN
dem-2895	71	15	copula	copula	PROPN
dem-2895	71	16	claytonjoec	claytonjoec	NOUN
dem-2895	71	17	−	−	PROPN
dem-2895	71	18	γκ	γκ	ADJ
dem-2895	71	19	,	,	PUNCT
dem-2895	71	20	for	for	ADP
dem-2895	71	21	1	1	NUM
dem-2895	71	22	=	=	NOUN
dem-2895	71	23	κ	κ	NOUN
dem-2895	71	24	.	.	PUNCT
dem-2895	72	1	in	in	ADP
dem-2895	72	2	the	the	DET
dem-2895	72	3	limit	limit	NOUN
dem-2895	72	4	case	case	NOUN
dem-2895	72	5	0	0	NUM
dem-2895	72	6	=	=	SYM
dem-2895	72	7	γ	γ	X
dem-2895	72	8	,	,	PUNCT
dem-2895	72	9	the	the	DET
dem-2895	72	10	clayton	clayton	PROPN
dem-2895	72	11	copula	copula	PROPN
dem-2895	72	12	approaches	approach	VERB
dem-2895	72	13	the	the	DET
dem-2895	72	14	independent	independent	ADJ
dem-2895	72	15	copula	copula	NOUN
dem-2895	72	16	πc	πc	PROPN
dem-2895	72	17	(	(	PUNCT
dem-2895	72	18	nelsen	nelsen	PROPN
dem-2895	72	19	,	,	PUNCT
dem-2895	72	20	2006	2006	NUM
dem-2895	72	21	)	)	PUNCT
dem-2895	72	22	.	.	PUNCT
dem-2895	73	1	the	the	DET
dem-2895	73	2	density	density	NOUN
dem-2895	73	3	associated	associate	VERB
dem-2895	73	4	to	to	ADP
dem-2895	73	5	an	an	DET
dem-2895	73	6	absolutely	absolutely	ADV
dem-2895	73	7	continuous	continuous	ADJ
dem-2895	73	8	copula	copula	NOUN
dem-2895	73	9	c	c	NOUN
dem-2895	73	10	is	be	AUX
dem-2895	73	11	a	a	DET
dem-2895	73	12	function	function	NOUN
dem-2895	73	13	c	c	NOUN
dem-2895	73	14	defined	define	VERB
dem-2895	73	15	by	by	ADP
dem-2895	73	16	:	:	PUNCT
dem-2895	73	17	.	.	PUNCT
dem-2895	73	18	)	)	PUNCT
dem-2895	73	19	,	,	PUNCT
dem-2895	73	20	(	(	PUNCT
dem-2895	73	21	)	)	PUNCT
dem-2895	73	22	,	,	PUNCT
dem-2895	73	23	(	(	PUNCT
dem-2895	73	24	2	2	NUM
dem-2895	73	25	vu	vu	NOUN
dem-2895	73	26	vucvuc	vucvuc	NOUN
dem-2895	73	27	∂∂	∂∂	SYM
dem-2895	73	28	∂	∂	NUM
dem-2895	73	29	=	=	SYM
dem-2895	73	30	(	(	PUNCT
dem-2895	73	31	6	6	NUM
dem-2895	73	32	)	)	PUNCT
dem-2895	73	33	for	for	ADP
dem-2895	73	34	an	an	DET
dem-2895	73	35	absolutely	absolutely	ADV
dem-2895	73	36	continuous	continuous	ADJ
dem-2895	73	37	random	random	ADJ
dem-2895	73	38	vector	vector	NOUN
dem-2895	73	39	,	,	PUNCT
dem-2895	73	40	the	the	DET
dem-2895	73	41	copula	copula	NOUN
dem-2895	73	42	density	density	NOUN
dem-2895	73	43	c	c	PROPN
dem-2895	73	44	is	be	AUX
dem-2895	73	45	related	relate	VERB
dem-2895	73	46	to	to	ADP
dem-2895	73	47	its	its	PRON
dem-2895	73	48	joint	joint	ADJ
dem-2895	73	49	density	density	NOUN
dem-2895	73	50	function	function	NOUN
dem-2895	73	51	h	h	NOUN
dem-2895	73	52	by	by	ADP
dem-2895	73	53	the	the	DET
dem-2895	73	54	following	follow	VERB
dem-2895	73	55	canonical	canonical	ADJ
dem-2895	73	56	representation	representation	NOUN
dem-2895	73	57	:	:	PUNCT
dem-2895	73	58	)	)	PUNCT
dem-2895	73	59	,	,	PUNCT
dem-2895	73	60	(	(	PUNCT
dem-2895	73	61	)	)	PUNCT
dem-2895	73	62	(	(	PUNCT
dem-2895	73	63	)	)	PUNCT
dem-2895	73	64	)	)	PUNCT
dem-2895	73	65	(	(	PUNCT
dem-2895	73	66	)	)	PUNCT
dem-2895	73	67	,	,	PUNCT
dem-2895	73	68	(	(	PUNCT
dem-2895	73	69	(	(	PUNCT
dem-2895	73	70	)	)	PUNCT
dem-2895	73	71	,	,	PUNCT
dem-2895	73	72	(	(	PUNCT
dem-2895	73	73	ygxfygxfcyxh	ygxfygxfcyxh	X
dem-2895	73	74	=	=	SYM
dem-2895	73	75	(	(	PUNCT
dem-2895	73	76	7	7	NUM
dem-2895	73	77	)	)	PUNCT
dem-2895	73	78	where	where	SCONJ
dem-2895	73	79	f	f	PROPN
dem-2895	73	80	and	and	CCONJ
dem-2895	73	81	g	g	PROPN
dem-2895	73	82	are	be	AUX
dem-2895	73	83	the	the	DET
dem-2895	73	84	marginal	marginal	ADJ
dem-2895	73	85	distributions	distribution	NOUN
dem-2895	73	86	,	,	PUNCT
dem-2895	73	87	and	and	CCONJ
dem-2895	73	88	f	f	PROPN
dem-2895	73	89	and	and	CCONJ
dem-2895	73	90	g	g	PROPN
dem-2895	73	91	are	be	AUX
dem-2895	73	92	the	the	DET
dem-2895	73	93	marginal	marginal	ADJ
dem-2895	73	94	density	density	NOUN
dem-2895	73	95	functions	function	NOUN
dem-2895	73	96	.	.	PUNCT
dem-2895	74	1	in	in	ADP
dem-2895	74	2	the	the	DET
dem-2895	74	3	case	case	NOUN
dem-2895	74	4	of	of	ADP
dem-2895	74	5	nonelliptical	nonelliptical	ADJ
dem-2895	74	6	distributions	distribution	NOUN
dem-2895	74	7	,	,	PUNCT
dem-2895	74	8	the	the	DET
dem-2895	74	9	most	most	ADV
dem-2895	74	10	well	well	ADV
dem-2895	74	11	-	-	PUNCT
dem-2895	74	12	known	know	VERB
dem-2895	74	13	copulabased	copulabase	VERB
dem-2895	74	14	dependence	dependence	NOUN
dem-2895	74	15	measures	measure	NOUN
dem-2895	74	16	,	,	PUNCT
dem-2895	74	17	which	which	PRON
dem-2895	74	18	are	be	AUX
dem-2895	74	19	more	more	ADV
dem-2895	74	20	appropriate	appropriate	ADJ
dem-2895	74	21	than	than	ADP
dem-2895	74	22	the	the	DET
dem-2895	74	23	linear	linear	ADJ
dem-2895	74	24	correlation	correlation	NOUN
dem-2895	74	25	coefficient	coefficient	NOUN
dem-2895	74	26	,	,	PUNCT
dem-2895	74	27	are	be	AUX
dem-2895	74	28	kendall	kendall	PROPN
dem-2895	74	29	’s	’s	PART
dem-2895	74	30	tau	tau	PROPN
dem-2895	74	31	and	and	CCONJ
dem-2895	74	32	spearman	spearman	NOUN
dem-2895	74	33	’s	’s	PART
dem-2895	74	34	rho	rho	ADJ
dem-2895	74	35	(	(	PUNCT
dem-2895	74	36	embrechts	embrecht	NOUN
dem-2895	74	37	et	et	PROPN
dem-2895	74	38	al	al	PROPN
dem-2895	74	39	.	.	PROPN
dem-2895	74	40	,	,	PUNCT
dem-2895	74	41	2002	2002	NUM
dem-2895	74	42	)	)	PUNCT
dem-2895	74	43	.	.	PUNCT
dem-2895	75	1	since	since	SCONJ
dem-2895	75	2	the	the	DET
dem-2895	75	3	dynamics	dynamic	NOUN
dem-2895	75	4	of	of	ADP
dem-2895	75	5	spearman	spearman	NOUN
dem-2895	75	6	’s	’s	PART
dem-2895	75	7	rho	rho	NOUN
dem-2895	75	8	is	be	AUX
dem-2895	75	9	exploited	exploit	VERB
dem-2895	75	10	in	in	ADP
dem-2895	75	11	this	this	DET
dem-2895	75	12	paper	paper	NOUN
dem-2895	75	13	,	,	PUNCT
dem-2895	75	14	we	we	PRON
dem-2895	75	15	recall	recall	VERB
dem-2895	75	16	a	a	DET
dem-2895	75	17	suitable	suitable	ADJ
dem-2895	75	18	definition	definition	NOUN
dem-2895	75	19	.	.	PUNCT
dem-2895	76	1	if	if	SCONJ
dem-2895	76	2	(	(	PUNCT
dem-2895	76	3	,	,	PUNCT
dem-2895	76	4	)	)	PUNCT
dem-2895	76	5	x	x	X
dem-2895	76	6	y	y	PROPN
dem-2895	76	7	is	be	AUX
dem-2895	76	8	a	a	DET
dem-2895	76	9	random	random	ADJ
dem-2895	76	10	vector	vector	NOUN
dem-2895	76	11	with	with	ADP
dem-2895	76	12	marginal	marginal	ADJ
dem-2895	76	13	distribution	distribution	NOUN
dem-2895	76	14	functions	function	NOUN
dem-2895	76	15	f	f	PROPN
dem-2895	76	16	and	and	CCONJ
dem-2895	76	17	g	g	PROPN
dem-2895	76	18	,	,	PUNCT
dem-2895	76	19	then	then	ADV
dem-2895	76	20	spearman	spearman	NOUN
dem-2895	76	21	’s	’s	PART
dem-2895	76	22	rho	rho	PROPN
dem-2895	76	23	for	for	ADP
dem-2895	76	24	(	(	PUNCT
dem-2895	76	25	,	,	PUNCT
dem-2895	76	26	)	)	PUNCT
dem-2895	76	27	x	x	X
dem-2895	76	28	y	y	PROPN
dem-2895	76	29	can	can	AUX
dem-2895	76	30	be	be	AUX
dem-2895	76	31	defined	define	VERB
dem-2895	76	32	as	as	ADP
dem-2895	76	33	:	:	PUNCT
dem-2895	76	34	)	)	PUNCT
dem-2895	76	35	)	)	PUNCT
dem-2895	76	36	,	,	PUNCT
dem-2895	76	37	(	(	PUNCT
dem-2895	76	38	)	)	PUNCT
dem-2895	76	39	,	,	PUNCT
dem-2895	76	40	(	(	PUNCT
dem-2895	76	41	(	(	PUNCT
dem-2895	76	42	)	)	PUNCT
dem-2895	76	43	,	,	PUNCT
dem-2895	76	44	(	(	PUNCT
dem-2895	76	45	ygxfyxs	ygxfyxs	NOUN
dem-2895	76	46	ρρ	ρρ	NOUN
dem-2895	76	47	=	=	SYM
dem-2895	76	48	(	(	PUNCT
dem-2895	76	49	8)	8)	NUM
dem-2895	76	50	whereρ	whereρ	NOUN
dem-2895	76	51	denotes	denote	VERB
dem-2895	76	52	the	the	DET
dem-2895	76	53	usual	usual	ADJ
dem-2895	76	54	pearson	pearson	NOUN
dem-2895	76	55	correlation	correlation	NOUN
dem-2895	76	56	.	.	PUNCT
dem-2895	77	1	for	for	ADP
dem-2895	77	2	continuous	continuous	ADJ
dem-2895	77	3	marginal	marginal	ADJ
dem-2895	77	4	distributions	distribution	NOUN
dem-2895	77	5	,	,	PUNCT
dem-2895	77	6	spearman	spearman	NOUN
dem-2895	77	7	’s	’s	PART
dem-2895	77	8	rho	rho	NOUN
dem-2895	77	9	,	,	PUNCT
dem-2895	77	10	(	(	PUNCT
dem-2895	77	11	,	,	PUNCT
dem-2895	77	12	)	)	PUNCT
dem-2895	77	13	s	s	NOUN
dem-2895	77	14	x	x	VERB
dem-2895	77	15	yρ	yρ	INTJ
dem-2895	77	16	,	,	PUNCT
dem-2895	77	17	depends	depend	VERB
dem-2895	77	18	only	only	ADV
dem-2895	77	19	on	on	ADP
dem-2895	77	20	the	the	DET
dem-2895	77	21	copula	copula	NOUN
dem-2895	77	22	c	c	PROPN
dem-2895	77	23	linking	link	VERB
dem-2895	77	24	x	x	PUNCT
dem-2895	77	25	and	and	CCONJ
dem-2895	77	26	y	y	PROPN
dem-2895	77	27	,	,	PUNCT
dem-2895	77	28	and	and	CCONJ
dem-2895	77	29	,	,	PUNCT
dem-2895	77	30	in	in	ADP
dem-2895	77	31	particular	particular	ADJ
dem-2895	77	32	,	,	PUNCT
dem-2895	77	33	is	be	AUX
dem-2895	77	34	given	give	VERB
dem-2895	77	35	by	by	ADP
dem-2895	77	36	the	the	DET
dem-2895	77	37	formula	formula	NOUN
dem-2895	77	38	:	:	PUNCT
dem-2895	77	39	3),(12	3),(12	NUM
dem-2895	77	40	)	)	PUNCT
dem-2895	77	41	,	,	PUNCT
dem-2895	77	42	(	(	PUNCT
dem-2895	77	43	2]1,0	2]1,0	NUM
dem-2895	77	44	[	[	PUNCT
dem-2895	77	45	−==	−==	ADJ
dem-2895	77	46	∫∫	∫∫	PROPN
dem-2895	77	47	dudvvucyx	dudvvucyx	PROPN
dem-2895	77	48	cs	cs	PROPN
dem-2895	77	49	ρρ	ρρ	PROPN
dem-2895	77	50	(	(	PUNCT
dem-2895	77	51	9	9	X
dem-2895	77	52	)	)	PUNCT
dem-2895	77	53	małgorzata	małgorzata	NOUN
dem-2895	77	54	doman	doman	NOUN
dem-2895	77	55	,	,	PUNCT
dem-2895	77	56	ryszard	ryszard	NOUN
dem-2895	77	57	doman	doman	PROPN
dem-2895	77	58	dynamic	dynamic	ADJ
dem-2895	77	59	econometric	econometric	ADJ
dem-2895	77	60	models	model	NOUN
dem-2895	77	61	13	13	NUM
dem-2895	77	62	(	(	PUNCT
dem-2895	77	63	2013	2013	NUM
dem-2895	77	64	)	)	PUNCT
dem-2895	77	65	5–31	5–31	PROPN
dem-2895	77	66	10	10	NUM
dem-2895	77	67	(	(	PUNCT
dem-2895	77	68	nelsen	nelsen	PROPN
dem-2895	77	69	,	,	PUNCT
dem-2895	77	70	2006	2006	NUM
dem-2895	77	71	)	)	PUNCT
dem-2895	77	72	.	.	PUNCT
dem-2895	78	1	it	it	PRON
dem-2895	78	2	follows	follow	VERB
dem-2895	78	3	from	from	ADP
dem-2895	78	4	(	(	PUNCT
dem-2895	78	5	9	9	NUM
dem-2895	78	6	)	)	PUNCT
dem-2895	78	7	that	that	SCONJ
dem-2895	78	8	if	if	SCONJ
dem-2895	78	9	a	a	DET
dem-2895	78	10	copula	copula	NOUN
dem-2895	78	11	c	c	NOUN
dem-2895	78	12	is	be	AUX
dem-2895	78	13	a	a	DET
dem-2895	78	14	mixture	mixture	NOUN
dem-2895	78	15	of	of	ADP
dem-2895	78	16	copulas	copula	NOUN
dem-2895	78	17	1c	1c	NOUN
dem-2895	78	18	and	and	CCONJ
dem-2895	78	19	2c	2c	NUM
dem-2895	78	20	:	:	PUNCT
dem-2895	78	21	21	21	NUM
dem-2895	78	22	)	)	SYM
dem-2895	78	23	1	1	NUM
dem-2895	78	24	(	(	PUNCT
dem-2895	78	25	ccc	ccc	NOUN
dem-2895	78	26	αα	αα	NOUN
dem-2895	78	27	−+=	−+=	X
dem-2895	78	28	,	,	PUNCT
dem-2895	78	29	10	10	NUM
dem-2895	78	30	≤≤α	≤≤α	NOUN
dem-2895	78	31	,	,	PUNCT
dem-2895	78	32	then	then	ADV
dem-2895	78	33	:	:	PUNCT
dem-2895	78	34	.)1	.)1	PROPN
dem-2895	78	35	(	(	PUNCT
dem-2895	78	36	21	21	NUM
dem-2895	78	37	ccc	ccc	PROPN
dem-2895	78	38	ρααρρ	ρααρρ	PROPN
dem-2895	78	39	−+=	−+=	X
dem-2895	78	40	(	(	PUNCT
dem-2895	78	41	10	10	NUM
dem-2895	78	42	)	)	PUNCT
dem-2895	78	43	for	for	ADP
dem-2895	78	44	the	the	DET
dem-2895	78	45	gaussian	gaussian	ADJ
dem-2895	78	46	copula	copula	NOUN
dem-2895	78	47	,	,	PUNCT
dem-2895	78	48	gausscρ	gausscρ	PROPN
dem-2895	78	49	,	,	PUNCT
dem-2895	78	50	spearman	spearman	NOUN
dem-2895	78	51	’s	’s	PART
dem-2895	78	52	rho	rho	PROPN
dem-2895	78	53	equals	equal	VERB
dem-2895	78	54	ρπ	ρπ	VERB
dem-2895	78	55	2	2	NUM
dem-2895	78	56	16	16	NUM
dem-2895	78	57	arcsin	arcsin	PROPN
dem-2895	78	58	.	.	PUNCT
dem-2895	79	1	for	for	ADP
dem-2895	79	2	the	the	DET
dem-2895	79	3	clayton	clayton	PROPN
dem-2895	79	4	and	and	CCONJ
dem-2895	79	5	joe	joe	PROPN
dem-2895	79	6	-	-	PUNCT
dem-2895	79	7	clayton	clayton	PROPN
dem-2895	79	8	copulas	copula	NOUN
dem-2895	79	9	it	it	PRON
dem-2895	79	10	can	can	AUX
dem-2895	79	11	be	be	AUX
dem-2895	79	12	computed	compute	VERB
dem-2895	79	13	numerically	numerically	ADV
dem-2895	79	14	using	use	VERB
dem-2895	79	15	(	(	PUNCT
dem-2895	79	16	9	9	NUM
dem-2895	79	17	)	)	PUNCT
dem-2895	79	18	.	.	PUNCT
dem-2895	80	1	another	another	DET
dem-2895	80	2	concept	concept	NOUN
dem-2895	80	3	of	of	ADP
dem-2895	80	4	dependence	dependence	NOUN
dem-2895	80	5	,	,	PUNCT
dem-2895	80	6	which	which	PRON
dem-2895	80	7	depends	depend	VERB
dem-2895	80	8	only	only	ADV
dem-2895	80	9	on	on	ADP
dem-2895	80	10	the	the	DET
dem-2895	80	11	copula	copula	NOUN
dem-2895	80	12	of	of	ADP
dem-2895	80	13	a	a	DET
dem-2895	80	14	random	random	ADJ
dem-2895	80	15	vector	vector	NOUN
dem-2895	80	16	)	)	PUNCT
dem-2895	80	17	,	,	PUNCT
dem-2895	80	18	(	(	PUNCT
dem-2895	80	19	yx	yx	INTJ
dem-2895	80	20	,	,	PUNCT
dem-2895	80	21	is	be	AUX
dem-2895	80	22	tail	tail	NOUN
dem-2895	80	23	dependence	dependence	NOUN
dem-2895	80	24	.	.	PUNCT
dem-2895	81	1	it	it	PRON
dem-2895	81	2	measures	measure	VERB
dem-2895	81	3	the	the	DET
dem-2895	81	4	dependence	dependence	NOUN
dem-2895	81	5	between	between	ADP
dem-2895	81	6	extreme	extreme	ADJ
dem-2895	81	7	values	value	NOUN
dem-2895	81	8	of	of	ADP
dem-2895	81	9	the	the	DET
dem-2895	81	10	variables	variable	NOUN
dem-2895	81	11	.	.	PUNCT
dem-2895	82	1	if	if	SCONJ
dem-2895	82	2	f	f	PROPN
dem-2895	82	3	and	and	CCONJ
dem-2895	82	4	g	g	PROPN
dem-2895	82	5	are	be	AUX
dem-2895	82	6	the	the	DET
dem-2895	82	7	cumulative	cumulative	ADJ
dem-2895	82	8	distribution	distribution	NOUN
dem-2895	82	9	functions	function	NOUN
dem-2895	82	10	of	of	ADP
dem-2895	82	11	x	x	X
dem-2895	82	12	and	and	CCONJ
dem-2895	82	13	y	y	PROPN
dem-2895	82	14	,	,	PUNCT
dem-2895	82	15	then	then	ADV
dem-2895	82	16	the	the	DET
dem-2895	82	17	coefficient	coefficient	NOUN
dem-2895	82	18	of	of	ADP
dem-2895	82	19	upper	upper	ADJ
dem-2895	82	20	tail	tail	NOUN
dem-2895	82	21	dependence	dependence	NOUN
dem-2895	82	22	is	be	AUX
dem-2895	82	23	defined	define	VERB
dem-2895	82	24	as	as	SCONJ
dem-2895	82	25	follows	follow	VERB
dem-2895	82	26	:	:	PUNCT
dem-2895	82	27	)	)	PUNCT
dem-2895	82	28	)	)	PUNCT
dem-2895	82	29	,	,	PUNCT
dem-2895	82	30	(	(	PUNCT
dem-2895	82	31	|)((lim	|)((lim	NOUN
dem-2895	82	32	11	11	NUM
dem-2895	82	33	1	1	NUM
dem-2895	82	34	qfxqgypqu	qfxqgypqu	NOUN
dem-2895	82	35	−−	−−	PROPN
dem-2895	82	36	→	→	SYM
dem-2895	82	37	>	>	PUNCT
dem-2895	82	38	>	>	PUNCT
dem-2895	82	39	=	=	X
dem-2895	83	1	−λ	−λ	PROPN
dem-2895	83	2	(	(	PUNCT
dem-2895	83	3	11	11	NUM
dem-2895	83	4	)	)	PUNCT
dem-2895	83	5	provided	provide	VERB
dem-2895	83	6	a	a	DET
dem-2895	83	7	limit	limit	NOUN
dem-2895	83	8	]	]	X
dem-2895	83	9	1,0[∈uλ	1,0[∈uλ	NOUN
dem-2895	83	10	exists	exist	VERB
dem-2895	83	11	.	.	PUNCT
dem-2895	84	1	analogously	analogously	ADV
dem-2895	84	2	,	,	PUNCT
dem-2895	84	3	the	the	DET
dem-2895	84	4	coefficient	coefficient	NOUN
dem-2895	84	5	of	of	ADP
dem-2895	84	6	lower	low	ADJ
dem-2895	84	7	tail	tail	NOUN
dem-2895	84	8	dependence	dependence	NOUN
dem-2895	84	9	is	be	AUX
dem-2895	84	10	defined	define	VERB
dem-2895	84	11	as	as	ADP
dem-2895	84	12	:	:	PUNCT
dem-2895	84	13	)	)	PUNCT
dem-2895	84	14	)	)	PUNCT
dem-2895	84	15	,	,	PUNCT
dem-2895	84	16	(	(	PUNCT
dem-2895	84	17	|)((lim	|)((lim	NOUN
dem-2895	84	18	11	11	NUM
dem-2895	84	19	0	0	NUM
dem-2895	84	20	qfxqgypql	qfxqgypql	PROPN
dem-2895	84	21	−−	−−	NOUN
dem-2895	84	22	→	→	PUNCT
dem-2895	84	23	≤≤=	≤≤=	ADJ
dem-2895	84	24	+	+	PROPN
dem-2895	84	25	λ	λ	X
dem-2895	84	26	(	(	PUNCT
dem-2895	84	27	12	12	NUM
dem-2895	84	28	)	)	PUNCT
dem-2895	84	29	provided	provide	VERB
dem-2895	84	30	that	that	SCONJ
dem-2895	84	31	a	a	DET
dem-2895	84	32	limit	limit	NOUN
dem-2895	84	33	[	[	X
dem-2895	84	34	0,1]lλ	0,1]lλ	X
dem-2895	84	35	∈	∈	NOUN
dem-2895	84	36	exists	exist	VERB
dem-2895	84	37	.	.	PUNCT
dem-2895	85	1	if	if	SCONJ
dem-2895	85	2	(	(	PUNCT
dem-2895	85	3	0,1]uλ	0,1]uλ	PUNCT
dem-2895	85	4	∈	∈	PROPN
dem-2895	85	5	(	(	PUNCT
dem-2895	85	6	(	(	PUNCT
dem-2895	85	7	0,1]lλ	0,1]lλ	PROPN
dem-2895	85	8	∈	∈	PROPN
dem-2895	85	9	)	)	PUNCT
dem-2895	85	10	,	,	PUNCT
dem-2895	85	11	then	then	ADV
dem-2895	85	12	x	x	PUNCT
dem-2895	85	13	and	and	CCONJ
dem-2895	85	14	y	y	PROPN
dem-2895	85	15	are	be	AUX
dem-2895	85	16	said	say	VERB
dem-2895	85	17	to	to	PART
dem-2895	85	18	exhibit	exhibit	VERB
dem-2895	85	19	upper	upper	ADJ
dem-2895	85	20	(	(	PUNCT
dem-2895	85	21	lower	low	ADJ
dem-2895	85	22	)	)	PUNCT
dem-2895	85	23	tail	tail	NOUN
dem-2895	85	24	dependence	dependence	NOUN
dem-2895	85	25	.	.	PUNCT
dem-2895	86	1	upper	upper	ADJ
dem-2895	86	2	(	(	PUNCT
dem-2895	86	3	lower	low	ADJ
dem-2895	86	4	)	)	PUNCT
dem-2895	86	5	tail	tail	NOUN
dem-2895	86	6	dependence	dependence	NOUN
dem-2895	86	7	quantifies	quantify	VERB
dem-2895	86	8	the	the	DET
dem-2895	86	9	likelihood	likelihood	NOUN
dem-2895	86	10	to	to	PART
dem-2895	86	11	observe	observe	VERB
dem-2895	86	12	a	a	DET
dem-2895	86	13	large	large	ADJ
dem-2895	86	14	(	(	PUNCT
dem-2895	86	15	low	low	ADJ
dem-2895	86	16	)	)	PUNCT
dem-2895	86	17	value	value	NOUN
dem-2895	86	18	of	of	ADP
dem-2895	86	19	y	y	PROPN
dem-2895	86	20	given	give	VERB
dem-2895	86	21	a	a	DET
dem-2895	86	22	large	large	ADJ
dem-2895	86	23	(	(	PUNCT
dem-2895	86	24	low	low	ADJ
dem-2895	86	25	)	)	PUNCT
dem-2895	86	26	value	value	NOUN
dem-2895	86	27	of	of	ADP
dem-2895	86	28	x.	x.	NOUN
dem-2895	86	29	the	the	DET
dem-2895	86	30	coefficients	coefficient	NOUN
dem-2895	86	31	of	of	ADP
dem-2895	86	32	tail	tail	NOUN
dem-2895	86	33	dependence	dependence	NOUN
dem-2895	86	34	can	can	AUX
dem-2895	86	35	be	be	AUX
dem-2895	86	36	expressed	express	VERB
dem-2895	86	37	in	in	ADP
dem-2895	86	38	terms	term	NOUN
dem-2895	86	39	of	of	ADP
dem-2895	86	40	the	the	DET
dem-2895	86	41	copula	copula	NOUN
dem-2895	86	42	c	c	PROPN
dem-2895	86	43	of	of	ADP
dem-2895	86	44	x	x	PROPN
dem-2895	86	45	and	and	CCONJ
dem-2895	86	46	y	y	PROPN
dem-2895	86	47	in	in	ADP
dem-2895	86	48	the	the	DET
dem-2895	86	49	following	following	ADJ
dem-2895	86	50	way	way	NOUN
dem-2895	86	51	:	:	PUNCT
dem-2895	86	52	,	,	PUNCT
dem-2895	86	53	)	)	PUNCT
dem-2895	86	54	,	,	PUNCT
dem-2895	86	55	(	(	PUNCT
dem-2895	86	56	lim	lim	PROPN
dem-2895	86	57	0	0	PROPN
dem-2895	86	58	q	q	PROPN
dem-2895	86	59	qqc	qqc	NOUN
dem-2895	86	60	ql	ql	X
dem-2895	86	61	+	+	NOUN
dem-2895	86	62	→	→	SYM
dem-2895	86	63	=	=	ADJ
dem-2895	86	64	λ	λ	X
dem-2895	86	65	(	(	PUNCT
dem-2895	86	66	13	13	NUM
dem-2895	86	67	)	)	PUNCT
dem-2895	86	68	,	,	PUNCT
dem-2895	86	69	)	)	PUNCT
dem-2895	86	70	,	,	PUNCT
dem-2895	86	71	(	(	PUNCT
dem-2895	86	72	ˆ	ˆ	X
dem-2895	86	73	lim	lim	NOUN
dem-2895	86	74	0	0	PUNCT
dem-2895	86	75	q	q	PROPN
dem-2895	86	76	qqc	qqc	PROPN
dem-2895	86	77	qu	qu	PROPN
dem-2895	86	78	+	+	PROPN
dem-2895	86	79	→	→	SYM
dem-2895	86	80	=	=	ADJ
dem-2895	86	81	λ	λ	X
dem-2895	86	82	(	(	PUNCT
dem-2895	86	83	14	14	NUM
dem-2895	86	84	)	)	PUNCT
dem-2895	86	85	where	where	SCONJ
dem-2895	86	86	)	)	PUNCT
dem-2895	86	87	1,1(1),(ˆ	1,1(1),(ˆ	NUM
dem-2895	86	88	vucvuvuc	vucvuvuc	PROPN
dem-2895	86	89	−−+−+=	−−+−+=	NOUN
dem-2895	86	90	.	.	PUNCT
dem-2895	87	1	for	for	ADP
dem-2895	87	2	the	the	DET
dem-2895	87	3	gaussian	gaussian	ADJ
dem-2895	87	4	copula	copula	NOUN
dem-2895	87	5	it	it	PRON
dem-2895	87	6	holds	hold	VERB
dem-2895	87	7	0==	0==	NUM
dem-2895	87	8	lu	lu	NOUN
dem-2895	87	9	λλ	λλ	NOUN
dem-2895	87	10	(	(	PUNCT
dem-2895	87	11	see	see	VERB
dem-2895	87	12	embrechts	embrecht	NOUN
dem-2895	87	13	et	et	PROPN
dem-2895	87	14	al	al	PROPN
dem-2895	87	15	.	.	PROPN
dem-2895	87	16	,	,	PUNCT
dem-2895	87	17	2002	2002	NUM
dem-2895	87	18	)	)	PUNCT
dem-2895	87	19	,	,	PUNCT
dem-2895	87	20	meaning	mean	VERB
dem-2895	87	21	asymptotic	asymptotic	ADJ
dem-2895	87	22	independence	independence	NOUN
dem-2895	87	23	in	in	ADP
dem-2895	87	24	the	the	DET
dem-2895	87	25	tails	tail	NOUN
dem-2895	87	26	.	.	PUNCT
dem-2895	88	1	the	the	DET
dem-2895	88	2	clayton	clayton	PROPN
dem-2895	88	3	copula	copula	PROPN
dem-2895	88	4	claytoncγ	claytoncγ	PROPN
dem-2895	88	5	has	have	VERB
dem-2895	88	6	lower	low	ADJ
dem-2895	88	7	tail	tail	NOUN
dem-2895	88	8	dependence	dependence	NOUN
dem-2895	88	9	:	:	PUNCT
dem-2895	88	10	1/2	1/2	NUM
dem-2895	88	11	.l	.l	NOUN
dem-2895	88	12	γλ	γλ	INTJ
dem-2895	88	13	−=	−=	VERB
dem-2895	88	14	in	in	ADP
dem-2895	88	15	the	the	DET
dem-2895	88	16	joe	joe	PROPN
dem-2895	88	17	-	-	PUNCT
dem-2895	88	18	clayton	clayton	PROPN
dem-2895	88	19	copula	copula	PROPN
dem-2895	88	20	case	case	NOUN
dem-2895	88	21	,	,	PUNCT
dem-2895	88	22	κλ	κλ	NOUN
dem-2895	88	23	/122	/122	PUNCT
dem-2895	88	24	−=u	−=u	NUM
dem-2895	88	25	and	and	CCONJ
dem-2895	88	26	γλ	γλ	INTJ
dem-2895	88	27	/12−=l	/12−=l	VERB
dem-2895	88	28	for	for	ADP
dem-2895	88	29	0γ	0γ	PROPN
dem-2895	88	30	>	>	X
dem-2895	88	31	(	(	PUNCT
dem-2895	88	32	patton	patton	PROPN
dem-2895	88	33	,	,	PUNCT
dem-2895	88	34	2006	2006	NUM
dem-2895	88	35	)	)	PUNCT
dem-2895	88	36	.	.	PUNCT
dem-2895	89	1	thus	thus	ADV
dem-2895	89	2	both	both	CCONJ
dem-2895	89	3	upper	upper	ADJ
dem-2895	89	4	and	and	CCONJ
dem-2895	89	5	lower	low	ADJ
dem-2895	89	6	tail	tail	NOUN
dem-2895	89	7	dependence	dependence	NOUN
dem-2895	89	8	can	can	AUX
dem-2895	89	9	be	be	AUX
dem-2895	89	10	nonzero	nonzero	ADJ
dem-2895	89	11	,	,	PUNCT
dem-2895	89	12	and	and	CCONJ
dem-2895	89	13	,	,	PUNCT
dem-2895	89	14	moreover	moreover	ADV
dem-2895	89	15	,	,	PUNCT
dem-2895	89	16	they	they	PRON
dem-2895	89	17	can	can	AUX
dem-2895	89	18	change	change	VERB
dem-2895	89	19	independently	independently	ADV
dem-2895	89	20	of	of	ADP
dem-2895	89	21	each	each	DET
dem-2895	89	22	other	other	ADJ
dem-2895	89	23	.	.	PUNCT
dem-2895	90	1	in	in	ADP
dem-2895	90	2	applications	application	NOUN
dem-2895	90	3	of	of	ADP
dem-2895	90	4	copulas	copula	NOUN
dem-2895	90	5	to	to	ADP
dem-2895	90	6	financial	financial	ADJ
dem-2895	90	7	time	time	NOUN
dem-2895	90	8	series	series	PROPN
dem-2895	90	9	the	the	DET
dem-2895	90	10	notion	notion	NOUN
dem-2895	90	11	of	of	ADP
dem-2895	90	12	conditional	conditional	ADJ
dem-2895	90	13	copula	copula	NOUN
dem-2895	90	14	introduced	introduce	VERB
dem-2895	90	15	by	by	ADP
dem-2895	90	16	patton	patton	PROPN
dem-2895	90	17	(	(	PUNCT
dem-2895	90	18	2004	2004	NUM
dem-2895	90	19	)	)	PUNCT
dem-2895	90	20	is	be	AUX
dem-2895	90	21	usually	usually	ADV
dem-2895	90	22	employed	employ	VERB
dem-2895	90	23	.	.	PUNCT
dem-2895	91	1	it	it	PRON
dem-2895	91	2	allows	allow	VERB
dem-2895	91	3	to	to	ADP
dem-2895	91	4	the	the	DET
dem-2895	91	5	dynamics	dynamic	NOUN
dem-2895	91	6	and	and	CCONJ
dem-2895	91	7	strength	strength	NOUN
dem-2895	91	8	of	of	ADP
dem-2895	91	9	linkages	linkage	NOUN
dem-2895	91	10	between	between	ADP
dem-2895	91	11	the	the	DET
dem-2895	91	12	stock	stock	NOUN
dem-2895	91	13	markets	market	NOUN
dem-2895	91	14	…	…	PUNCT
dem-2895	91	15	dynamic	dynamic	ADJ
dem-2895	91	16	econometric	econometric	ADJ
dem-2895	91	17	models	model	NOUN
dem-2895	91	18	3	3	NUM
dem-2895	91	19	(	(	PUNCT
dem-2895	91	20	2013	2013	NUM
dem-2895	91	21	)	)	PUNCT
dem-2895	91	22	5–31	5–31	PROPN
dem-2895	91	23	11	11	NUM
dem-2895	91	24	model	model	NOUN
dem-2895	91	25	the	the	DET
dem-2895	91	26	joint	joint	ADJ
dem-2895	91	27	conditional	conditional	ADJ
dem-2895	91	28	distribution	distribution	NOUN
dem-2895	91	29	1|	1|	NUM
dem-2895	91	30	−ω	−ω	PROPN
dem-2895	91	31	ttr	ttr	PROPN
dem-2895	91	32	,	,	PUNCT
dem-2895	91	33	where	where	SCONJ
dem-2895	91	34	)	)	PUNCT
dem-2895	91	35	,	,	PUNCT
dem-2895	91	36	(	(	PUNCT
dem-2895	91	37	,	,	PUNCT
dem-2895	91	38	2	2	NUM
dem-2895	91	39	,	,	PUNCT
dem-2895	91	40	1	1	NUM
dem-2895	91	41	ttt	ttt	NUM
dem-2895	91	42	rr	rr	NOUN
dem-2895	92	1	=	=	NOUN
dem-2895	92	2	r	r	NOUN
dem-2895	92	3	is	be	AUX
dem-2895	92	4	a	a	DET
dem-2895	92	5	bivariate	bivariate	ADJ
dem-2895	92	6	vector	vector	NOUN
dem-2895	92	7	of	of	ADP
dem-2895	92	8	financial	financial	ADJ
dem-2895	92	9	returns	return	NOUN
dem-2895	92	10	,	,	PUNCT
dem-2895	92	11	and	and	CCONJ
dem-2895	92	12	1−ωt	1−ωt	NUM
dem-2895	92	13	is	be	AUX
dem-2895	92	14	the	the	DET
dem-2895	92	15	information	information	NOUN
dem-2895	92	16	set	set	VERB
dem-2895	92	17	available	available	ADJ
dem-2895	92	18	up	up	ADP
dem-2895	92	19	to	to	ADP
dem-2895	92	20	time	time	NOUN
dem-2895	92	21	1−t	1−t	NUM
dem-2895	92	22	.	.	PUNCT
dem-2895	93	1	in	in	ADP
dem-2895	93	2	this	this	DET
dem-2895	93	3	paper	paper	NOUN
dem-2895	93	4	we	we	PRON
dem-2895	93	5	consider	consider	VERB
dem-2895	93	6	the	the	DET
dem-2895	93	7	following	follow	VERB
dem-2895	93	8	general	general	ADJ
dem-2895	93	9	conditional	conditional	ADJ
dem-2895	93	10	copula	copula	NOUN
dem-2895	93	11	model	model	NOUN
dem-2895	93	12	:	:	PUNCT
dem-2895	93	13	)	)	PUNCT
dem-2895	93	14	,	,	PUNCT
dem-2895	93	15	(	(	PUNCT
dem-2895	93	16	~|	~|	X
dem-2895	93	17	1,1	1,1	NUM
dem-2895	93	18	⋅ω	⋅ω	NOUN
dem-2895	93	19	−	−	NOUN
dem-2895	93	20	ttt	ttt	PROPN
dem-2895	93	21	fr	fr	PROPN
dem-2895	93	22	)	)	PUNCT
dem-2895	93	23	,	,	PUNCT
dem-2895	93	24	(	(	PUNCT
dem-2895	93	25	~|	~|	X
dem-2895	93	26	1,2	1,2	NUM
dem-2895	93	27	⋅ω	⋅ω	NOUN
dem-2895	93	28	−	−	NOUN
dem-2895	94	1	ttt	ttt	INTJ
dem-2895	94	2	gr	gr	INTJ
dem-2895	94	3	(	(	PUNCT
dem-2895	94	4	15	15	NUM
dem-2895	94	5	)	)	PUNCT
dem-2895	94	6	)	)	PUNCT
dem-2895	94	7	,	,	PUNCT
dem-2895	94	8	|)(),((~|	|)(),((~|	PROPN
dem-2895	94	9	11	11	NUM
dem-2895	94	10	−−	−−	NOUN
dem-2895	94	11	ω⋅⋅ω	ω⋅⋅ω	NOUN
dem-2895	94	12	tttttt	tttttt	NOUN
dem-2895	94	13	gfcr	gfcr	NOUN
dem-2895	94	14	(	(	PUNCT
dem-2895	94	15	16	16	NUM
dem-2895	94	16	)	)	PUNCT
dem-2895	94	17	where	where	SCONJ
dem-2895	94	18	tc	tc	NOUN
dem-2895	94	19	is	be	AUX
dem-2895	94	20	the	the	DET
dem-2895	94	21	conditional	conditional	ADJ
dem-2895	94	22	copula	copula	NOUN
dem-2895	94	23	linking	link	VERB
dem-2895	94	24	the	the	DET
dem-2895	94	25	marginal	marginal	ADJ
dem-2895	94	26	conditional	conditional	ADJ
dem-2895	94	27	distributions	distribution	NOUN
dem-2895	94	28	,	,	PUNCT
dem-2895	94	29	and	and	CCONJ
dem-2895	94	30	the	the	DET
dem-2895	94	31	information	information	NOUN
dem-2895	94	32	set	set	VERB
dem-2895	94	33	1−ωt	1−ωt	NUM
dem-2895	94	34	remains	remain	VERB
dem-2895	94	35	the	the	DET
dem-2895	94	36	same	same	ADJ
dem-2895	94	37	for	for	ADP
dem-2895	94	38	the	the	DET
dem-2895	94	39	copula	copula	NOUN
dem-2895	94	40	and	and	CCONJ
dem-2895	94	41	marginals	marginal	NOUN
dem-2895	94	42	.	.	PUNCT
dem-2895	95	1	further	far	ADV
dem-2895	95	2	,	,	PUNCT
dem-2895	95	3	we	we	PRON
dem-2895	95	4	assume	assume	VERB
dem-2895	95	5	that	that	SCONJ
dem-2895	95	6	:	:	PUNCT
dem-2895	95	7	,	,	PUNCT
dem-2895	95	8	ttt	ttt	PROPN
dem-2895	95	9	yμr	yμr	PROPN
dem-2895	96	1	+	+	NOUN
dem-2895	96	2	=	=	NOUN
dem-2895	96	3	)	)	PUNCT
dem-2895	96	4	,	,	PUNCT
dem-2895	96	5	|	|	ADV
dem-2895	96	6	(	(	PUNCT
dem-2895	96	7	1−ω=	1−ω=	NUM
dem-2895	96	8	ttt	ttt	NOUN
dem-2895	96	9	e	e	NOUN
dem-2895	96	10	rμ	rμ	X
dem-2895	96	11	(	(	PUNCT
dem-2895	96	12	17	17	NUM
dem-2895	96	13	)	)	PUNCT
dem-2895	96	14	,	,	PUNCT
dem-2895	96	15	,	,	PUNCT
dem-2895	96	16	,	,	PUNCT
dem-2895	96	17	,	,	PUNCT
dem-2895	96	18	tititiy	tititiy	PROPN
dem-2895	96	19	εσ=	εσ=	PROPN
dem-2895	96	20	)	)	PUNCT
dem-2895	96	21	,	,	PUNCT
dem-2895	96	22	|var	|var	PROPN
dem-2895	96	23	(	(	PUNCT
dem-2895	96	24	1	1	NUM
dem-2895	96	25	,	,	PUNCT
dem-2895	96	26	2	2	NUM
dem-2895	96	27	,	,	PUNCT
dem-2895	96	28	−ω=	−ω=	NOUN
dem-2895	96	29	ttiti	ttiti	NOUN
dem-2895	96	30	rσ	rσ	NOUN
dem-2895	96	31	(	(	PUNCT
dem-2895	96	32	18	18	NUM
dem-2895	96	33	)	)	PUNCT
dem-2895	96	34	)	)	PUNCT
dem-2895	96	35	,	,	PUNCT
dem-2895	96	36	,	,	PUNCT
dem-2895	96	37	,	,	PUNCT
dem-2895	96	38	1	1	NUM
dem-2895	96	39	,	,	PUNCT
dem-2895	96	40	0	0	NUM
dem-2895	96	41	(	(	PUNCT
dem-2895	96	42	_	_	PRON
dem-2895	96	43	iid~	iid~	ADV
dem-2895	96	44	,	,	PUNCT
dem-2895	96	45	iiti	iiti	PROPN
dem-2895	96	46	tskew	tskew	ADJ
dem-2895	96	47	ηξε	ηξε	NOUN
dem-2895	96	48	(	(	PUNCT
dem-2895	96	49	19	19	NUM
dem-2895	96	50	)	)	PUNCT
dem-2895	96	51	where	where	SCONJ
dem-2895	96	52	)	)	PUNCT
dem-2895	96	53	,	,	PUNCT
dem-2895	96	54	,	,	PUNCT
dem-2895	96	55	1	1	NUM
dem-2895	96	56	,	,	PUNCT
dem-2895	96	57	0	0	NUM
dem-2895	96	58	(	(	PUNCT
dem-2895	96	59	_	_	DET
dem-2895	96	60	ηξtskew	ηξtskew	NOUN
dem-2895	96	61	denotes	denote	VERB
dem-2895	96	62	the	the	DET
dem-2895	96	63	standardized	standardized	ADJ
dem-2895	96	64	skewed	skewed	ADJ
dem-2895	96	65	student	student	NOUN
dem-2895	96	66	t	t	NOUN
dem-2895	96	67	distribution	distribution	NOUN
dem-2895	96	68	with	with	ADP
dem-2895	96	69	2	2	NUM
dem-2895	96	70	>	>	SYM
dem-2895	96	71	η	η	PROPN
dem-2895	96	72	degrees	degree	NOUN
dem-2895	96	73	of	of	ADP
dem-2895	96	74	freedom	freedom	NOUN
dem-2895	96	75	,	,	PUNCT
dem-2895	96	76	and	and	CCONJ
dem-2895	96	77	skewness	skewness	NOUN
dem-2895	96	78	coefficient	coefficient	NOUN
dem-2895	96	79	0	0	NUM
dem-2895	96	80	>	>	SYM
dem-2895	96	81	ξ	ξ	PROPN
dem-2895	96	82	(	(	PUNCT
dem-2895	96	83	lambert	lambert	PROPN
dem-2895	96	84	,	,	PUNCT
dem-2895	96	85	laurent	laurent	NOUN
dem-2895	96	86	,	,	PUNCT
dem-2895	96	87	2001	2001	NUM
dem-2895	96	88	)	)	PUNCT
dem-2895	96	89	.	.	PUNCT
dem-2895	97	1	moreover	moreover	ADV
dem-2895	97	2	,	,	PUNCT
dem-2895	97	3	the	the	DET
dem-2895	97	4	marginal	marginal	ADJ
dem-2895	97	5	return	return	NOUN
dem-2895	97	6	series	series	PROPN
dem-2895	97	7	tir	tir	PROPN
dem-2895	97	8	,	,	PUNCT
dem-2895	97	9	,	,	PUNCT
dem-2895	97	10	2	2	NUM
dem-2895	97	11	,	,	PUNCT
dem-2895	97	12	1	1	NUM
dem-2895	97	13	=	=	NOUN
dem-2895	97	14	i	i	NOUN
dem-2895	97	15	,	,	PUNCT
dem-2895	97	16	are	be	AUX
dem-2895	97	17	modeled	model	VERB
dem-2895	97	18	as	as	ADP
dem-2895	97	19	arma	arma	NOUN
dem-2895	97	20	-	-	PUNCT
dem-2895	97	21	garch	garch	NOUN
dem-2895	97	22	processes	process	NOUN
dem-2895	97	23	.	.	PUNCT
dem-2895	98	1	when	when	SCONJ
dem-2895	98	2	the	the	DET
dem-2895	98	3	conditional	conditional	ADJ
dem-2895	98	4	copula	copula	NOUN
dem-2895	98	5	tc	tc	NOUN
dem-2895	98	6	is	be	AUX
dem-2895	98	7	allowed	allow	VERB
dem-2895	98	8	to	to	PART
dem-2895	98	9	fluctuate	fluctuate	VERB
dem-2895	98	10	over	over	ADP
dem-2895	98	11	time	time	NOUN
dem-2895	98	12	,	,	PUNCT
dem-2895	98	13	some	some	DET
dem-2895	98	14	model	model	NOUN
dem-2895	98	15	for	for	ADP
dem-2895	98	16	its	its	PRON
dem-2895	98	17	evolution	evolution	NOUN
dem-2895	98	18	has	have	VERB
dem-2895	98	19	to	to	PART
dem-2895	98	20	be	be	AUX
dem-2895	98	21	specified	specify	VERB
dem-2895	98	22	.	.	PUNCT
dem-2895	99	1	commonly	commonly	ADV
dem-2895	99	2	,	,	PUNCT
dem-2895	99	3	the	the	DET
dem-2895	99	4	functional	functional	ADJ
dem-2895	99	5	form	form	NOUN
dem-2895	99	6	of	of	ADP
dem-2895	99	7	the	the	DET
dem-2895	99	8	conditional	conditional	ADJ
dem-2895	99	9	copula	copula	NOUN
dem-2895	99	10	is	be	AUX
dem-2895	99	11	fixed	fix	VERB
dem-2895	99	12	but	but	CCONJ
dem-2895	99	13	its	its	PRON
dem-2895	99	14	parameters	parameter	NOUN
dem-2895	99	15	evolve	evolve	VERB
dem-2895	99	16	through	through	ADP
dem-2895	99	17	time	time	NOUN
dem-2895	99	18	(	(	PUNCT
dem-2895	99	19	patton	patton	PROPN
dem-2895	99	20	,	,	PUNCT
dem-2895	99	21	2004	2004	NUM
dem-2895	99	22	,	,	PUNCT
dem-2895	99	23	2006	2006	NUM
dem-2895	99	24	)	)	PUNCT
dem-2895	99	25	.	.	PUNCT
dem-2895	100	1	in	in	ADP
dem-2895	100	2	this	this	DET
dem-2895	100	3	paper	paper	NOUN
dem-2895	100	4	,	,	PUNCT
dem-2895	100	5	however	however	ADV
dem-2895	100	6	,	,	PUNCT
dem-2895	100	7	we	we	PRON
dem-2895	100	8	apply	apply	VERB
dem-2895	100	9	an	an	DET
dem-2895	100	10	alternative	alternative	ADJ
dem-2895	100	11	approach	approach	NOUN
dem-2895	100	12	(	(	PUNCT
dem-2895	100	13	okimoto	okimoto	NOUN
dem-2895	100	14	,	,	PUNCT
dem-2895	100	15	2008	2008	NUM
dem-2895	100	16	;	;	PUNCT
dem-2895	100	17	garcia	garcia	PROPN
dem-2895	100	18	,	,	PUNCT
dem-2895	100	19	tsafack	tsafack	VERB
dem-2895	100	20	,	,	PUNCT
dem-2895	100	21	2011	2011	NUM
dem-2895	100	22	)	)	PUNCT
dem-2895	100	23	assuming	assume	VERB
dem-2895	100	24	the	the	DET
dem-2895	100	25	existence	existence	NOUN
dem-2895	100	26	of	of	ADP
dem-2895	100	27	regimes	regime	NOUN
dem-2895	100	28	where	where	SCONJ
dem-2895	100	29	a	a	DET
dem-2895	100	30	fixed	fix	VERB
dem-2895	100	31	copula	copula	NOUN
dem-2895	100	32	prevails	prevail	NOUN
dem-2895	100	33	,	,	PUNCT
dem-2895	100	34	which	which	PRON
dem-2895	100	35	are	be	AUX
dem-2895	100	36	switched	switch	VERB
dem-2895	100	37	according	accord	VERB
dem-2895	100	38	to	to	ADP
dem-2895	100	39	some	some	DET
dem-2895	100	40	homogeneous	homogeneous	ADJ
dem-2895	100	41	markov	markov	NOUN
dem-2895	100	42	chain	chain	NOUN
dem-2895	100	43	.	.	PUNCT
dem-2895	101	1	thus	thus	ADV
dem-2895	101	2	,	,	PUNCT
dem-2895	101	3	in	in	ADP
dem-2895	101	4	the	the	DET
dem-2895	101	5	applied	apply	VERB
dem-2895	101	6	markov	markov	NOUN
dem-2895	101	7	-	-	PUNCT
dem-2895	101	8	switching	switch	VERB
dem-2895	101	9	copula	copula	NOUN
dem-2895	101	10	model	model	NOUN
dem-2895	101	11	(	(	PUNCT
dem-2895	101	12	msc	msc	PROPN
dem-2895	101	13	model	model	PROPN
dem-2895	101	14	)	)	PUNCT
dem-2895	101	15	the	the	DET
dem-2895	101	16	joint	joint	ADJ
dem-2895	101	17	conditional	conditional	ADJ
dem-2895	101	18	distribution	distribution	NOUN
dem-2895	101	19	has	have	VERB
dem-2895	101	20	the	the	DET
dem-2895	101	21	following	follow	VERB
dem-2895	101	22	form	form	NOUN
dem-2895	101	23	:	:	PUNCT
dem-2895	101	24	)	)	PUNCT
dem-2895	101	25	,	,	PUNCT
dem-2895	101	26	|)(),((~|	|)(),((~|	PROPN
dem-2895	101	27	11	11	NUM
dem-2895	101	28	−−	−−	NOUN
dem-2895	101	29	ω⋅⋅ω	ω⋅⋅ω	NOUN
dem-2895	101	30	tttstt	tttstt	PROPN
dem-2895	101	31	gfc	gfc	PROPN
dem-2895	101	32	t	t	PROPN
dem-2895	101	33	r	r	NOUN
dem-2895	101	34	(	(	PUNCT
dem-2895	101	35	20	20	NUM
dem-2895	101	36	)	)	PUNCT
dem-2895	101	37	where	where	SCONJ
dem-2895	101	38	ts	ts	ADV
dem-2895	101	39	is	be	AUX
dem-2895	101	40	a	a	DET
dem-2895	101	41	homogeneous	homogeneous	ADJ
dem-2895	101	42	markov	markov	NOUN
dem-2895	101	43	chain	chain	NOUN
dem-2895	101	44	with	with	ADP
dem-2895	101	45	state	state	NOUN
dem-2895	101	46	space	space	NOUN
dem-2895	101	47	}	}	PUNCT
dem-2895	101	48	2	2	NUM
dem-2895	101	49	,	,	PUNCT
dem-2895	101	50	1	1	NUM
dem-2895	101	51	{	{	PUNCT
dem-2895	101	52	.	.	PUNCT
dem-2895	102	1	the	the	DET
dem-2895	102	2	parameters	parameter	NOUN
dem-2895	102	3	of	of	ADP
dem-2895	102	4	the	the	DET
dem-2895	102	5	model	model	NOUN
dem-2895	102	6	are	be	AUX
dem-2895	102	7	the	the	DET
dem-2895	102	8	parameters	parameter	NOUN
dem-2895	102	9	of	of	ADP
dem-2895	102	10	the	the	DET
dem-2895	102	11	univariate	univariate	ADJ
dem-2895	102	12	models	model	NOUN
dem-2895	102	13	for	for	ADP
dem-2895	102	14	the	the	DET
dem-2895	102	15	marginal	marginal	ADJ
dem-2895	102	16	distributions	distribution	NOUN
dem-2895	102	17	,	,	PUNCT
dem-2895	102	18	the	the	DET
dem-2895	102	19	parameters	parameter	NOUN
dem-2895	102	20	of	of	ADP
dem-2895	102	21	the	the	DET
dem-2895	102	22	copulas	copula	NOUN
dem-2895	102	23	1c	1c	NOUN
dem-2895	102	24	and	and	CCONJ
dem-2895	102	25	2c	2c	NOUN
dem-2895	102	26	,	,	PUNCT
dem-2895	102	27	and	and	CCONJ
dem-2895	102	28	the	the	DET
dem-2895	102	29	transition	transition	NOUN
dem-2895	102	30	probabilities	probability	NOUN
dem-2895	102	31	:	:	PUNCT
dem-2895	102	32	małgorzata	małgorzata	NOUN
dem-2895	102	33	doman	doman	PROPN
dem-2895	102	34	,	,	PUNCT
dem-2895	102	35	ryszard	ryszard	NOUN
dem-2895	102	36	doman	doman	PROPN
dem-2895	102	37	dynamic	dynamic	ADJ
dem-2895	102	38	econometric	econometric	ADJ
dem-2895	102	39	models	model	NOUN
dem-2895	102	40	13	13	NUM
dem-2895	102	41	(	(	PUNCT
dem-2895	102	42	2013	2013	NUM
dem-2895	102	43	)	)	PUNCT
dem-2895	102	44	5–31	5–31	PROPN
dem-2895	102	45	12	12	NUM
dem-2895	102	46	11	11	NUM
dem-2895	102	47	1	1	NUM
dem-2895	102	48	(	(	PUNCT
dem-2895	102	49	1|	1|	NUM
dem-2895	102	50	1),t	1),t	NUM
dem-2895	102	51	tp	tp	ADP
dem-2895	102	52	p	p	PROPN
dem-2895	102	53	s	s	PROPN
dem-2895	102	54	s	s	X
dem-2895	102	55	−=	−=	NOUN
dem-2895	102	56	=	=	SYM
dem-2895	103	1	=	=	SYM
dem-2895	103	2	22	22	NUM
dem-2895	103	3	1	1	NUM
dem-2895	103	4	(	(	PUNCT
dem-2895	103	5	2|	2|	NUM
dem-2895	103	6	2)t	2)t	PROPN
dem-2895	103	7	tp	tp	ADP
dem-2895	103	8	p	p	PROPN
dem-2895	103	9	s	s	PROPN
dem-2895	103	10	s	s	X
dem-2895	103	11	−=	−=	NOUN
dem-2895	103	12	=	=	SYM
dem-2895	103	13	=	=	SYM
dem-2895	103	14	(	(	PUNCT
dem-2895	103	15	21	21	NUM
dem-2895	103	16	)	)	PUNCT
dem-2895	103	17	of	of	ADP
dem-2895	103	18	the	the	DET
dem-2895	103	19	markov	markov	NOUN
dem-2895	103	20	chain	chain	NOUN
dem-2895	103	21	.	.	PUNCT
dem-2895	104	1	we	we	PRON
dem-2895	104	2	estimate	estimate	VERB
dem-2895	104	3	the	the	DET
dem-2895	104	4	msc	msc	PROPN
dem-2895	104	5	models	model	NOUN
dem-2895	104	6	by	by	ADP
dem-2895	104	7	the	the	DET
dem-2895	104	8	maximum	maximum	ADJ
dem-2895	104	9	likelihood	likelihood	NOUN
dem-2895	104	10	method	method	NOUN
dem-2895	104	11	.	.	PUNCT
dem-2895	105	1	the	the	DET
dem-2895	105	2	main	main	ADJ
dem-2895	105	3	by	by	ADP
dem-2895	105	4	-	-	PUNCT
dem-2895	105	5	product	product	NOUN
dem-2895	105	6	of	of	ADP
dem-2895	105	7	the	the	DET
dem-2895	105	8	estimation	estimation	NOUN
dem-2895	105	9	are	be	AUX
dem-2895	105	10	the	the	DET
dem-2895	105	11	probabilities	probability	NOUN
dem-2895	105	12	)	)	PUNCT
dem-2895	105	13	,	,	PUNCT
dem-2895	105	14	|	|	ADV
dem-2895	105	15	(	(	PUNCT
dem-2895	105	16	1−ω=	1−ω=	NUM
dem-2895	105	17	tt	tt	PROPN
dem-2895	105	18	jsp	jsp	PROPN
dem-2895	105	19	)	)	PUNCT
dem-2895	106	1	|	|	ADV
dem-2895	106	2	(	(	PUNCT
dem-2895	106	3	tt	tt	PROPN
dem-2895	106	4	jsp	jsp	PROPN
dem-2895	106	5	ω=	ω=	X
dem-2895	106	6	,	,	PUNCT
dem-2895	106	7	2	2	NUM
dem-2895	106	8	,	,	PUNCT
dem-2895	106	9	1	1	NUM
dem-2895	106	10	=	=	SYM
dem-2895	106	11	j	j	PROPN
dem-2895	106	12	,	,	PUNCT
dem-2895	106	13	which	which	PRON
dem-2895	106	14	are	be	AUX
dem-2895	106	15	calculated	calculate	VERB
dem-2895	106	16	by	by	ADP
dem-2895	106	17	means	mean	NOUN
dem-2895	106	18	of	of	ADP
dem-2895	106	19	hamilton	hamilton	PROPN
dem-2895	106	20	’s	’s	PART
dem-2895	106	21	filter	filter	NOUN
dem-2895	106	22	(	(	PUNCT
dem-2895	106	23	hamilton	hamilton	PROPN
dem-2895	106	24	,	,	PUNCT
dem-2895	106	25	1994	1994	NUM
dem-2895	106	26	):	):	PUNCT
dem-2895	106	27	,	,	PUNCT
dem-2895	106	28	)	)	PUNCT
dem-2895	106	29	|()|	|()|	PROPN
dem-2895	106	30	(	(	PUNCT
dem-2895	106	31	2	2	NUM
dem-2895	106	32	1	1	NUM
dem-2895	106	33	111	111	NUM
dem-2895	106	34	∑	∑	NOUN
dem-2895	106	35	=	=	NOUN
dem-2895	106	36	−−−	−−−	NOUN
dem-2895	107	1	ω==ω=	ω==ω=	NOUN
dem-2895	107	2	i	i	PRON
dem-2895	107	3	ttijtt	ttijtt	NOUN
dem-2895	107	4	isppjsp	isppjsp	NOUN
dem-2895	107	5	(	(	PUNCT
dem-2895	107	6	22	22	NUM
dem-2895	107	7	)	)	PUNCT
dem-2895	107	8	,	,	PUNCT
dem-2895	107	9	)	)	PUNCT
dem-2895	107	10	|(),|	|(),|	PROPN
dem-2895	107	11	(	(	PUNCT
dem-2895	107	12	)	)	PUNCT
dem-2895	107	13	|(),|	|(),|	PROPN
dem-2895	107	14	(	(	PUNCT
dem-2895	107	15	)	)	PUNCT
dem-2895	107	16	|	|	NOUN
dem-2895	107	17	(	(	PUNCT
dem-2895	107	18	2	2	NUM
dem-2895	107	19	1	1	NUM
dem-2895	107	20	11	11	NUM
dem-2895	107	21	11	11	NUM
dem-2895	107	22	∑	∑	PUNCT
dem-2895	107	23	=	=	SYM
dem-2895	107	24	−−	−−	PROPN
dem-2895	107	25	−−	−−	PROPN
dem-2895	107	26	ω	ω	X
dem-2895	107	27	=	=	X
dem-2895	107	28	ω=	ω=	X
dem-2895	107	29	ω	ω	X
dem-2895	107	30	=	=	NOUN
dem-2895	107	31	ω=	ω=	X
dem-2895	107	32	=	=	NOUN
dem-2895	107	33	ω=	ω=	PRON
dem-2895	107	34	i	i	PRON
dem-2895	107	35	ttttti	ttttti	VERB
dem-2895	107	36	tttttj	tttttj	VERB
dem-2895	107	37	tt	tt	PROPN
dem-2895	107	38	ispisc	ispisc	PROPN
dem-2895	107	39	jspjsc	jspjsc	PROPN
dem-2895	107	40	jsp	jsp	PROPN
dem-2895	107	41	u	u	PROPN
dem-2895	107	42	u	u	PROPN
dem-2895	107	43	(	(	PUNCT
dem-2895	107	44	23	23	NUM
dem-2895	107	45	)	)	PUNCT
dem-2895	108	1	where	where	SCONJ
dem-2895	108	2	:	:	PUNCT
dem-2895	108	3	12	12	NUM
dem-2895	108	4	1	1	NUM
dem-2895	108	5	11	11	NUM
dem-2895	108	6	(	(	PUNCT
dem-2895	108	7	2	2	NUM
dem-2895	108	8	|	|	ADV
dem-2895	108	9	1	1	NUM
dem-2895	108	10	)	)	PUNCT
dem-2895	108	11	1	1	NUM
dem-2895	108	12	t	t	NOUN
dem-2895	108	13	tp	tp	NOUN
dem-2895	108	14	p	p	PROPN
dem-2895	108	15	s	s	PROPN
dem-2895	108	16	s	s	X
dem-2895	108	17	p−=	p−=	NOUN
dem-2895	108	18	=	=	PUNCT
dem-2895	109	1	=	=	PUNCT
dem-2895	110	1	=	=	SYM
dem-2895	111	1	−	−	PROPN
dem-2895	111	2	,	,	PUNCT
dem-2895	111	3	21	21	NUM
dem-2895	111	4	1	1	NUM
dem-2895	111	5	22	22	NUM
dem-2895	111	6	(	(	PUNCT
dem-2895	111	7	1|	1|	NUM
dem-2895	111	8	2	2	NUM
dem-2895	111	9	)	)	PUNCT
dem-2895	111	10	1	1	NUM
dem-2895	111	11	t	t	NOUN
dem-2895	111	12	tp	tp	NOUN
dem-2895	111	13	p	p	PROPN
dem-2895	111	14	s	s	PROPN
dem-2895	111	15	s	s	X
dem-2895	111	16	p−=	p−=	NOUN
dem-2895	111	17	=	=	PUNCT
dem-2895	111	18	=	=	PUNCT
dem-2895	111	19	=	=	PUNCT
dem-2895	111	20	−	−	PROPN
dem-2895	111	21	,	,	PUNCT
dem-2895	111	22	)	)	PUNCT
dem-2895	111	23	,	,	PUNCT
dem-2895	111	24	,	,	PUNCT
dem-2895	111	25	(	(	PUNCT
dem-2895	111	26	,	,	PUNCT
dem-2895	111	27	2,1	2,1	NUM
dem-2895	111	28	ttt	ttt	NOUN
dem-2895	111	29	uu	uu	PROPN
dem-2895	111	30	=	=	NOUN
dem-2895	111	31	u	u	NOUN
dem-2895	111	32	)	)	PUNCT
dem-2895	111	33	(	(	PUNCT
dem-2895	111	34	,	,	PUNCT
dem-2895	111	35	1,1	1,1	NUM
dem-2895	111	36	ttt	ttt	NOUN
dem-2895	111	37	rfu	rfu	PROPN
dem-2895	111	38	=	=	X
dem-2895	111	39	,	,	PUNCT
dem-2895	111	40	)	)	PUNCT
dem-2895	111	41	(	(	PUNCT
dem-2895	111	42	,	,	PUNCT
dem-2895	111	43	2,2	2,2	NUM
dem-2895	111	44	ttt	ttt	PROPN
dem-2895	111	45	rgu	rgu	PROPN
dem-2895	111	46	=	=	PRON
dem-2895	111	47	,	,	PUNCT
dem-2895	111	48	(	(	PUNCT
dem-2895	111	49	24	24	NUM
dem-2895	111	50	)	)	PUNCT
dem-2895	111	51	and	and	CCONJ
dem-2895	111	52	)	)	PUNCT
dem-2895	111	53	,	,	PUNCT
dem-2895	111	54	|	|	ADV
dem-2895	111	55	(	(	PUNCT
dem-2895	111	56	1−ω=⋅	1−ω=⋅	NUM
dem-2895	111	57	ttj	ttj	ADJ
dem-2895	111	58	jsc	jsc	PROPN
dem-2895	111	59	is	be	AUX
dem-2895	111	60	the	the	DET
dem-2895	111	61	density	density	NOUN
dem-2895	111	62	of	of	ADP
dem-2895	111	63	the	the	DET
dem-2895	111	64	conditional	conditional	ADJ
dem-2895	111	65	copula	copula	NOUN
dem-2895	111	66	coupling	couple	VERB
dem-2895	111	67	the	the	DET
dem-2895	111	68	conditional	conditional	ADJ
dem-2895	111	69	marginal	marginal	ADJ
dem-2895	111	70	distributions	distribution	NOUN
dem-2895	111	71	in	in	ADP
dem-2895	111	72	regime	regime	NOUN
dem-2895	111	73	j.	j.	PROPN
dem-2895	111	74	by	by	ADP
dem-2895	111	75	the	the	DET
dem-2895	111	76	arguments	argument	NOUN
dem-2895	111	77	of	of	ADP
dem-2895	111	78	hamilton	hamilton	PROPN
dem-2895	111	79	(	(	PUNCT
dem-2895	111	80	1994	1994	NUM
dem-2895	111	81	)	)	PUNCT
dem-2895	111	82	,	,	PUNCT
dem-2895	111	83	the	the	DET
dem-2895	111	84	maximized	maximize	VERB
dem-2895	111	85	log	log	NOUN
dem-2895	111	86	-	-	PUNCT
dem-2895	111	87	likelihood	likelihood	NOUN
dem-2895	111	88	function	function	NOUN
dem-2895	111	89	has	have	VERB
dem-2895	111	90	the	the	DET
dem-2895	111	91	form	form	NOUN
dem-2895	111	92	:	:	PUNCT
dem-2895	111	93	(	(	PUNCT
dem-2895	111	94	)	)	PUNCT
dem-2895	111	95	(	(	PUNCT
dem-2895	111	96	)	)	PUNCT
dem-2895	112	1	∑∑	∑∑	NOUN
dem-2895	112	2	∑	∑	PUNCT
dem-2895	112	3	∑	∑	PUNCT
dem-2895	112	4	=	=	SYM
dem-2895	112	5	−	−	PROPN
dem-2895	112	6	=	=	SYM
dem-2895	112	7	−	−	PROPN
dem-2895	112	8	=	=	SYM
dem-2895	112	9	−	−	PROPN
dem-2895	112	10	=	=	SYM
dem-2895	112	11	−	−	PROPN
dem-2895	112	12	ω+ω+	ω+ω+	X
dem-2895	112	13	⎟	⎟	X
dem-2895	112	14	⎟	⎟	X
dem-2895	112	15	⎠	⎠	PUNCT
dem-2895	112	16	⎞	⎞	PROPN
dem-2895	112	17	⎜	⎜	PROPN
dem-2895	112	18	⎜	⎜	PROPN
dem-2895	112	19	⎝	⎝	PUNCT
dem-2895	112	20	⎛	⎛	X
dem-2895	112	21	ω	ω	X
dem-2895	112	22	=	=	PROPN
dem-2895	112	23	ω==	ω==	X
dem-2895	112	24	t	t	PROPN
dem-2895	112	25	t	t	PROPN
dem-2895	112	26	ttt	ttt	PROPN
dem-2895	112	27	t	t	PROPN
dem-2895	112	28	t	t	PROPN
dem-2895	112	29	ttt	ttt	PROPN
dem-2895	112	30	t	t	PROPN
dem-2895	112	31	t	t	PROPN
dem-2895	112	32	tt	tt	PROPN
dem-2895	112	33	j	j	PROPN
dem-2895	112	34	tttj	tttj	PROPN
dem-2895	112	35	rgrf	rgrf	NOUN
dem-2895	112	36	jspjscl	jspjscl	PROPN
dem-2895	112	37	1	1	NUM
dem-2895	112	38	21,2	21,2	NUM
dem-2895	112	39	1	1	NUM
dem-2895	112	40	11,1	11,1	NUM
dem-2895	112	41	1	1	NUM
dem-2895	112	42	1	1	NUM
dem-2895	112	43	2	2	NUM
dem-2895	112	44	1	1	NUM
dem-2895	112	45	1	1	NUM
dem-2895	112	46	)	)	PUNCT
dem-2895	112	47	;	;	PUNCT
dem-2895	112	48	|(ln);|(ln	|(ln);|(ln	PROPN
dem-2895	112	49	)	)	PUNCT
dem-2895	112	50	;	;	PUNCT
dem-2895	112	51	|();,|(ln	|();,|(ln	SYM
dem-2895	112	52	θθ	θθ	NOUN
dem-2895	112	53	θθu	θθu	VERB
dem-2895	112	54	,	,	PUNCT
dem-2895	112	55	(	(	PUNCT
dem-2895	112	56	25	25	NUM
dem-2895	112	57	)	)	PUNCT
dem-2895	112	58	where	where	SCONJ
dem-2895	112	59	tf	tf	INTJ
dem-2895	112	60	and	and	CCONJ
dem-2895	112	61	tg	tg	PROPN
dem-2895	112	62	are	be	AUX
dem-2895	112	63	the	the	DET
dem-2895	112	64	density	density	NOUN
dem-2895	112	65	functions	function	NOUN
dem-2895	112	66	corresponding	correspond	VERB
dem-2895	112	67	to	to	ADP
dem-2895	112	68	tf	tf	PROPN
dem-2895	112	69	and	and	CCONJ
dem-2895	112	70	tg	tg	PROPN
dem-2895	112	71	,	,	PUNCT
dem-2895	112	72	fitted	fit	VERB
dem-2895	112	73	using	use	VERB
dem-2895	112	74	arma	arma	NOUN
dem-2895	112	75	-	-	PUNCT
dem-2895	112	76	garch	garch	NOUN
dem-2895	112	77	models	model	NOUN
dem-2895	112	78	.	.	PUNCT
dem-2895	113	1	in	in	ADP
dem-2895	113	2	the	the	DET
dem-2895	113	3	empirical	empirical	ADJ
dem-2895	113	4	results	result	NOUN
dem-2895	113	5	presented	present	VERB
dem-2895	113	6	in	in	ADP
dem-2895	113	7	this	this	DET
dem-2895	113	8	paper	paper	NOUN
dem-2895	113	9	we	we	PRON
dem-2895	113	10	apply	apply	VERB
dem-2895	113	11	the	the	DET
dem-2895	113	12	so	so	ADV
dem-2895	113	13	-	-	PUNCT
dem-2895	113	14	called	call	VERB
dem-2895	113	15	smoothed	smooth	VERB
dem-2895	113	16	probabilities	probability	NOUN
dem-2895	113	17	which	which	PRON
dem-2895	113	18	can	can	AUX
dem-2895	113	19	be	be	AUX
dem-2895	113	20	obtained	obtain	VERB
dem-2895	113	21	from	from	ADP
dem-2895	113	22	the	the	DET
dem-2895	113	23	probabilities	probability	NOUN
dem-2895	113	24	(	(	PUNCT
dem-2895	113	25	23	23	NUM
dem-2895	113	26	)	)	PUNCT
dem-2895	113	27	and	and	CCONJ
dem-2895	113	28	(	(	PUNCT
dem-2895	113	29	24	24	NUM
dem-2895	113	30	)	)	PUNCT
dem-2895	113	31	by	by	ADP
dem-2895	113	32	using	use	VERB
dem-2895	113	33	the	the	DET
dem-2895	113	34	backward	backward	ADJ
dem-2895	113	35	recursion	recursion	NOUN
dem-2895	113	36	:	:	PUNCT
dem-2895	113	37	,	,	PUNCT
dem-2895	113	38	)	)	PUNCT
dem-2895	113	39	|	|	ADV
dem-2895	113	40	(	(	PUNCT
dem-2895	113	41	)	)	PUNCT
dem-2895	113	42	|	|	ADV
dem-2895	113	43	(	(	PUNCT
dem-2895	113	44	)	)	PUNCT
dem-2895	113	45	|()|	|()|	PROPN
dem-2895	113	46	(	(	PUNCT
dem-2895	113	47	2	2	NUM
dem-2895	113	48	1	1	NUM
dem-2895	113	49	1	1	NUM
dem-2895	113	50	1∑	1∑	NUM
dem-2895	113	51	=	=	SYM
dem-2895	114	1	+	+	PUNCT
dem-2895	114	2	+	+	NUM
dem-2895	114	3	ω=	ω=	X
dem-2895	114	4	ω=	ω=	X
dem-2895	115	1	ω==ω=	ω==ω=	PROPN
dem-2895	116	1	i	i	PRON
dem-2895	116	2	tt	tt	PROPN
dem-2895	116	3	ttji	ttji	NOUN
dem-2895	116	4	tttt	tttt	NOUN
dem-2895	116	5	isp	isp	ADV
dem-2895	116	6	ispp	ispp	ADP
dem-2895	116	7	jspjsp	jspjsp	PROPN
dem-2895	116	8	.1,,1	.1,,1	PROPN
dem-2895	116	9	…	…	SYM
dem-2895	116	10	−=tt	−=tt	X
dem-2895	116	11	(	(	PUNCT
dem-2895	116	12	26	26	NUM
dem-2895	116	13	)	)	PUNCT
dem-2895	116	14	the	the	DET
dem-2895	116	15	dynamics	dynamic	NOUN
dem-2895	116	16	and	and	CCONJ
dem-2895	116	17	strength	strength	NOUN
dem-2895	116	18	of	of	ADP
dem-2895	116	19	linkages	linkage	NOUN
dem-2895	116	20	between	between	ADP
dem-2895	116	21	the	the	DET
dem-2895	116	22	stock	stock	NOUN
dem-2895	116	23	markets	market	NOUN
dem-2895	116	24	…	…	PUNCT
dem-2895	116	25	dynamic	dynamic	ADJ
dem-2895	116	26	econometric	econometric	ADJ
dem-2895	116	27	models	model	NOUN
dem-2895	116	28	3	3	NUM
dem-2895	116	29	(	(	PUNCT
dem-2895	116	30	2013	2013	NUM
dem-2895	116	31	)	)	PUNCT
dem-2895	116	32	5–31	5–31	PROPN
dem-2895	116	33	13	13	NUM
dem-2895	116	34	the	the	DET
dem-2895	116	35	series	series	NOUN
dem-2895	116	36	)	)	PUNCT
dem-2895	116	37	|	|	ADV
dem-2895	116	38	(	(	PUNCT
dem-2895	116	39	tt	tt	PROPN
dem-2895	116	40	jsp	jsp	PROPN
dem-2895	116	41	ω=	ω=	X
dem-2895	116	42	indicates	indicate	VERB
dem-2895	116	43	which	which	DET
dem-2895	116	44	regime	regime	NOUN
dem-2895	116	45	prevails	prevail	VERB
dem-2895	116	46	at	at	ADP
dem-2895	116	47	each	each	DET
dem-2895	116	48	date	date	NOUN
dem-2895	116	49	,	,	PUNCT
dem-2895	116	50	using	use	VERB
dem-2895	116	51	all	all	DET
dem-2895	116	52	the	the	DET
dem-2895	116	53	information	information	NOUN
dem-2895	116	54	in	in	ADP
dem-2895	116	55	the	the	DET
dem-2895	116	56	sample	sample	NOUN
dem-2895	116	57	.	.	PUNCT
dem-2895	117	1	2	2	X
dem-2895	117	2	.	.	X
dem-2895	117	3	the	the	DET
dem-2895	117	4	model	model	NOUN
dem-2895	117	5	confidence	confidence	NOUN
dem-2895	117	6	set	set	VERB
dem-2895	117	7	methodology	methodology	NOUN
dem-2895	117	8	the	the	DET
dem-2895	117	9	model	model	NOUN
dem-2895	117	10	confidence	confidence	NOUN
dem-2895	117	11	set	set	NOUN
dem-2895	117	12	(	(	PUNCT
dem-2895	117	13	mcs	mcs	NOUN
dem-2895	117	14	)	)	PUNCT
dem-2895	117	15	methodology	methodology	NOUN
dem-2895	117	16	,	,	PUNCT
dem-2895	117	17	introduced	introduce	VERB
dem-2895	117	18	by	by	ADP
dem-2895	117	19	hansen	hansen	PROPN
dem-2895	117	20	et	et	PROPN
dem-2895	117	21	al	al	PROPN
dem-2895	117	22	.	.	PROPN
dem-2895	118	1	(	(	PUNCT
dem-2895	118	2	2003	2003	NUM
dem-2895	118	3	)	)	PUNCT
dem-2895	118	4	,	,	PUNCT
dem-2895	118	5	is	be	AUX
dem-2895	118	6	usually	usually	ADV
dem-2895	118	7	applied	apply	VERB
dem-2895	118	8	to	to	PART
dem-2895	118	9	select	select	VERB
dem-2895	118	10	in	in	ADP
dem-2895	118	11	a	a	DET
dem-2895	118	12	set	set	NOUN
dem-2895	118	13	of	of	ADP
dem-2895	118	14	forecasting	forecasting	NOUN
dem-2895	118	15	models	model	NOUN
dem-2895	118	16	a	a	DET
dem-2895	118	17	subset	subset	NOUN
dem-2895	118	18	of	of	ADP
dem-2895	118	19	models	model	NOUN
dem-2895	118	20	which	which	PRON
dem-2895	118	21	are	be	AUX
dem-2895	118	22	better	well	ADJ
dem-2895	118	23	than	than	ADP
dem-2895	118	24	the	the	DET
dem-2895	118	25	others	other	NOUN
dem-2895	118	26	in	in	ADP
dem-2895	118	27	terms	term	NOUN
dem-2895	118	28	of	of	ADP
dem-2895	118	29	forecasting	forecasting	NOUN
dem-2895	118	30	ability	ability	NOUN
dem-2895	118	31	,	,	PUNCT
dem-2895	118	32	with	with	ADP
dem-2895	118	33	a	a	DET
dem-2895	118	34	given	give	VERB
dem-2895	118	35	level	level	NOUN
dem-2895	118	36	of	of	ADP
dem-2895	118	37	confidence	confidence	NOUN
dem-2895	118	38	.	.	PUNCT
dem-2895	119	1	more	more	ADV
dem-2895	119	2	precisely	precisely	ADV
dem-2895	119	3	,	,	PUNCT
dem-2895	119	4	for	for	ADP
dem-2895	119	5	some	some	DET
dem-2895	119	6	collection	collection	NOUN
dem-2895	119	7	0	0	NUM
dem-2895	119	8	of	of	ADP
dem-2895	119	9	models	model	NOUN
dem-2895	119	10	for	for	ADP
dem-2895	119	11	which	which	PRON
dem-2895	119	12	the	the	DET
dem-2895	119	13	subset	subset	NOUN
dem-2895	119	14	of	of	ADP
dem-2895	119	15	superior	superior	ADJ
dem-2895	119	16	models	model	NOUN
dem-2895	119	17	,	,	PUNCT
dem-2895	119	18	*	*	PUNCT
dem-2895	119	19	,	,	PUNCT
dem-2895	119	20	is	be	AUX
dem-2895	119	21	defined	define	VERB
dem-2895	119	22	,	,	PUNCT
dem-2895	119	23	the	the	DET
dem-2895	119	24	mcs	mcs	PROPN
dem-2895	119	25	procedure	procedure	NOUN
dem-2895	119	26	produces	produce	VERB
dem-2895	119	27	a	a	DET
dem-2895	119	28	subset	subset	NOUN
dem-2895	119	29	ˆ	ˆ	NOUN
dem-2895	119	30	of	of	ADP
dem-2895	119	31	0	0	NUM
dem-2895	119	32	that	that	PRON
dem-2895	119	33	contains	contain	VERB
dem-2895	119	34	the	the	DET
dem-2895	119	35	set	set	NOUN
dem-2895	119	36	*	*	PUNCT
dem-2895	119	37	with	with	ADP
dem-2895	119	38	a	a	DET
dem-2895	119	39	given	give	VERB
dem-2895	119	40	confidence	confidence	NOUN
dem-2895	119	41	level	level	NOUN
dem-2895	119	42	α−1	α−1	PROPN
dem-2895	119	43	.	.	PUNCT
dem-2895	120	1	the	the	DET
dem-2895	120	2	collection	collection	NOUN
dem-2895	120	3	0	0	PUNCT
dem-2895	120	4	can	can	AUX
dem-2895	120	5	be	be	AUX
dem-2895	120	6	any	any	DET
dem-2895	120	7	finite	finite	NOUN
dem-2895	120	8	set	set	NOUN
dem-2895	120	9	of	of	ADP
dem-2895	120	10	objects	object	NOUN
dem-2895	120	11	indexed	index	VERB
dem-2895	120	12	by	by	ADP
dem-2895	120	13	01	01	NUM
dem-2895	120	14	,	,	PUNCT
dem-2895	120	15	,	,	PUNCT
dem-2895	120	16	i	i	PRON
dem-2895	120	17	m=	m=	X
dem-2895	120	18	…	…	PUNCT
dem-2895	120	19	and	and	CCONJ
dem-2895	120	20	evaluated	evaluate	VERB
dem-2895	120	21	in	in	ADP
dem-2895	120	22	terms	term	NOUN
dem-2895	120	23	of	of	ADP
dem-2895	120	24	a	a	DET
dem-2895	120	25	loss	loss	NOUN
dem-2895	120	26	function	function	NOUN
dem-2895	120	27	that	that	PRON
dem-2895	120	28	assigns	assign	VERB
dem-2895	120	29	to	to	ADP
dem-2895	120	30	the	the	DET
dem-2895	120	31	object	object	NOUN
dem-2895	120	32	i	i	PRON
dem-2895	120	33	in	in	ADP
dem-2895	120	34	period	period	NOUN
dem-2895	120	35	t	t	X
dem-2895	120	36	the	the	DET
dem-2895	120	37	loss	loss	NOUN
dem-2895	120	38	,	,	PUNCT
dem-2895	120	39	i	i	PRON
dem-2895	120	40	tl	tl	PROPN
dem-2895	120	41	,	,	PUNCT
dem-2895	120	42	1	1	NUM
dem-2895	120	43	,	,	PUNCT
dem-2895	120	44	,	,	PUNCT
dem-2895	120	45	t	t	PROPN
dem-2895	120	46	n=	n=	ADJ
dem-2895	120	47	…	…	PUNCT
dem-2895	120	48	.	.	PUNCT
dem-2895	121	1	if	if	SCONJ
dem-2895	121	2	the	the	DET
dem-2895	121	3	relative	relative	ADJ
dem-2895	121	4	performance	performance	NOUN
dem-2895	121	5	is	be	AUX
dem-2895	121	6	defined	define	VERB
dem-2895	121	7	as	as	ADP
dem-2895	121	8	,	,	PUNCT
dem-2895	121	9	,	,	PUNCT
dem-2895	121	10	,	,	PUNCT
dem-2895	121	11	ij	ij	INTJ
dem-2895	121	12	t	t	NOUN
dem-2895	122	1	i	i	PRON
dem-2895	122	2	t	t	PROPN
dem-2895	122	3	j	j	PROPN
dem-2895	122	4	td	td	PROPN
dem-2895	122	5	l	l	NOUN
dem-2895	122	6	l≡	l≡	X
dem-2895	122	7	−	−	NOUN
dem-2895	122	8	for	for	ADP
dem-2895	122	9	0,i	0,i	PROPN
dem-2895	122	10	j∈	j∈	PROPN
dem-2895	122	11	and	and	CCONJ
dem-2895	122	12	the	the	DET
dem-2895	122	13	mean	mean	NOUN
dem-2895	122	14	,	,	PUNCT
dem-2895	122	15	(	(	PUNCT
dem-2895	122	16	)	)	PUNCT
dem-2895	122	17	ij	ij	NOUN
dem-2895	122	18	ij	ij	INTJ
dem-2895	122	19	te	te	INTJ
dem-2895	122	20	dμ	dμ	PROPN
dem-2895	122	21	≡	≡	PROPN
dem-2895	122	22	is	be	AUX
dem-2895	122	23	finite	finite	ADJ
dem-2895	122	24	and	and	CCONJ
dem-2895	122	25	does	do	AUX
dem-2895	122	26	not	not	PART
dem-2895	122	27	depend	depend	VERB
dem-2895	122	28	on	on	ADP
dem-2895	122	29	t	t	PROPN
dem-2895	122	30	,	,	PUNCT
dem-2895	122	31	then	then	ADV
dem-2895	122	32	the	the	DET
dem-2895	122	33	set	set	NOUN
dem-2895	122	34	of	of	ADP
dem-2895	122	35	superior	superior	ADJ
dem-2895	122	36	objects	object	NOUN
dem-2895	122	37	is	be	AUX
dem-2895	122	38	defined	define	VERB
dem-2895	122	39	by	by	ADP
dem-2895	122	40	:	:	PUNCT
dem-2895	122	41	{	{	PUNCT
dem-2895	122	42	}	}	PUNCT
dem-2895	122	43	*	*	PUNCT
dem-2895	122	44	0	0	NUM
dem-2895	122	45	0	0	NUM
dem-2895	122	46	:	:	SYM
dem-2895	122	47	0	0	NUM
dem-2895	122	48	for	for	ADP
dem-2895	122	49	all	all	PRON
dem-2895	122	50	iji	iji	VERB
dem-2895	122	51	jμ≡	jμ≡	PROPN
dem-2895	122	52	∈	∈	PROPN
dem-2895	122	53	≤	≤	NOUN
dem-2895	122	54	∈	∈	PROPN
dem-2895	122	55	.	.	PUNCT
dem-2895	123	1	the	the	DET
dem-2895	123	2	mcs	mcs	PROPN
dem-2895	123	3	procedure	procedure	NOUN
dem-2895	123	4	is	be	AUX
dem-2895	123	5	based	base	VERB
dem-2895	123	6	on	on	ADP
dem-2895	123	7	an	an	DET
dem-2895	123	8	equivalence	equivalence	NOUN
dem-2895	123	9	test	test	NOUN
dem-2895	123	10	δ	δ	PROPN
dem-2895	123	11	that	that	PRON
dem-2895	123	12	tests	test	VERB
dem-2895	123	13	the	the	DET
dem-2895	123	14	hypothesis	hypothesis	NOUN
dem-2895	123	15	:	:	PUNCT
dem-2895	123	16	0	0	NUM
dem-2895	123	17	,	,	PUNCT
dem-2895	123	18	:	:	PUNCT
dem-2895	123	19	0ijh	0ijh	VERB
dem-2895	123	20	μ	μ	NOUN
dem-2895	123	21	=	=	PUNCT
dem-2895	123	22	for	for	ADP
dem-2895	123	23	all	all	PRON
dem-2895	123	24	,	,	PUNCT
dem-2895	123	25	i	i	PRON
dem-2895	123	26	j∈	j∈	PROPN
dem-2895	123	27	,	,	PUNCT
dem-2895	123	28	at	at	ADP
dem-2895	123	29	levelα	levelα	NOUN
dem-2895	123	30	for	for	ADP
dem-2895	123	31	any	any	DET
dem-2895	123	32	0⊂	0⊂	NOUN
dem-2895	123	33	.	.	PUNCT
dem-2895	124	1	when	when	SCONJ
dem-2895	124	2	0,h	0,h	PRON
dem-2895	124	3	is	be	AUX
dem-2895	124	4	rejected	reject	VERB
dem-2895	124	5	,	,	PUNCT
dem-2895	124	6	an	an	DET
dem-2895	124	7	elimination	elimination	NOUN
dem-2895	124	8	rule	rule	NOUN
dem-2895	124	9	e	e	NOUN
dem-2895	124	10	is	be	AUX
dem-2895	124	11	applied	apply	VERB
dem-2895	124	12	to	to	PART
dem-2895	124	13	identify	identify	VERB
dem-2895	124	14	the	the	DET
dem-2895	124	15	object	object	NOUN
dem-2895	124	16	of	of	ADP
dem-2895	124	17	that	that	PRON
dem-2895	124	18	is	be	AUX
dem-2895	124	19	to	to	PART
dem-2895	124	20	be	be	AUX
dem-2895	124	21	removed	remove	VERB
dem-2895	124	22	from	from	ADP
dem-2895	124	23	.	.	PUNCT
dem-2895	125	1	the	the	DET
dem-2895	125	2	mcs	mcs	PROPN
dem-2895	125	3	algorithm	algorithm	PROPN
dem-2895	125	4	proposed	propose	VERB
dem-2895	125	5	by	by	ADP
dem-2895	125	6	hansen	hansen	PROPN
dem-2895	125	7	et	et	PROPN
dem-2895	125	8	al	al	PROPN
dem-2895	125	9	.	.	PROPN
dem-2895	125	10	(	(	PUNCT
dem-2895	125	11	2003	2003	NUM
dem-2895	125	12	)	)	PUNCT
dem-2895	125	13	is	be	AUX
dem-2895	125	14	as	as	SCONJ
dem-2895	125	15	follows	follow	VERB
dem-2895	125	16	:	:	PUNCT
dem-2895	125	17	−	−	NOUN
dem-2895	125	18	step	step	NOUN
dem-2895	125	19	0	0	NUM
dem-2895	125	20	:	:	PUNCT
dem-2895	125	21	set	set	NOUN
dem-2895	125	22	0	0	NUM
dem-2895	125	23	.	.	PUNCT
dem-2895	126	1	−	−	PROPN
dem-2895	126	2	step	step	NOUN
dem-2895	126	3	1	1	NUM
dem-2895	126	4	:	:	PUNCT
dem-2895	126	5	test	test	NOUN
dem-2895	126	6	0,h	0,h	NUM
dem-2895	126	7	using	use	VERB
dem-2895	126	8	δ	δ	PROPN
dem-2895	126	9	at	at	ADP
dem-2895	126	10	significance	significance	NOUN
dem-2895	126	11	level	level	NOUN
dem-2895	126	12	α	α	NOUN
dem-2895	126	13	.	.	PUNCT
dem-2895	127	1	−	−	NOUN
dem-2895	127	2	step	step	NOUN
dem-2895	127	3	2	2	NUM
dem-2895	127	4	:	:	PUNCT
dem-2895	127	5	if	if	SCONJ
dem-2895	127	6	0,h	0,h	PRON
dem-2895	127	7	is	be	AUX
dem-2895	127	8	not	not	PART
dem-2895	127	9	rejected	reject	VERB
dem-2895	127	10	define	define	NOUN
dem-2895	127	11	,	,	PUNCT
dem-2895	127	12	*	*	NOUN
dem-2895	127	13	1	1	NUM
dem-2895	127	14	ˆ	ˆ	NOUN
dem-2895	127	15	α−	α−	ADP
dem-2895	127	16	=	=	PUNCT
dem-2895	127	17	,	,	PUNCT
dem-2895	127	18	otherwise	otherwise	ADV
dem-2895	127	19	use	use	VERB
dem-2895	127	20	e	e	NOUN
dem-2895	127	21	to	to	PART
dem-2895	127	22	eliminate	eliminate	VERB
dem-2895	127	23	an	an	DET
dem-2895	127	24	object	object	NOUN
dem-2895	127	25	from	from	ADP
dem-2895	127	26	and	and	CCONJ
dem-2895	127	27	repeat	repeat	VERB
dem-2895	127	28	the	the	DET
dem-2895	127	29	procedure	procedure	NOUN
dem-2895	127	30	from	from	ADP
dem-2895	127	31	step	step	NOUN
dem-2895	127	32	1	1	NUM
dem-2895	127	33	.	.	PUNCT
dem-2895	128	1	it	it	PRON
dem-2895	128	2	is	be	AUX
dem-2895	128	3	proved	prove	VERB
dem-2895	128	4	in	in	ADP
dem-2895	128	5	hansen	hansen	PROPN
dem-2895	128	6	et	et	PROPN
dem-2895	128	7	al	al	PROPN
dem-2895	128	8	.	.	PROPN
dem-2895	129	1	(	(	PUNCT
dem-2895	129	2	2011	2011	NUM
dem-2895	129	3	)	)	PUNCT
dem-2895	129	4	that	that	SCONJ
dem-2895	129	5	under	under	ADP
dem-2895	129	6	some	some	DET
dem-2895	129	7	standard	standard	ADJ
dem-2895	129	8	requirements	requirement	NOUN
dem-2895	129	9	for	for	ADP
dem-2895	129	10	the	the	DET
dem-2895	129	11	equivalence	equivalence	NOUN
dem-2895	129	12	test	test	NOUN
dem-2895	129	13	and	and	CCONJ
dem-2895	129	14	the	the	DET
dem-2895	129	15	elimination	elimination	NOUN
dem-2895	129	16	rule	rule	NOUN
dem-2895	129	17	it	it	PRON
dem-2895	129	18	holds	hold	VERB
dem-2895	129	19	that	that	PRON
dem-2895	129	20	:	:	PUNCT
dem-2895	130	1	*	*	PUNCT
dem-2895	130	2	*	*	PUNCT
dem-2895	130	3	1	1	NUM
dem-2895	130	4	ˆliminf	ˆliminf	NOUN
dem-2895	130	5	(	(	PUNCT
dem-2895	130	6	)	)	PUNCT
dem-2895	130	7	1	1	NUM
dem-2895	130	8	,	,	PUNCT
dem-2895	130	9	n	n	PROPN
dem-2895	130	10	p	p	NOUN
dem-2895	130	11	α	α	NUM
dem-2895	130	12	α→∞	α→∞	NUM
dem-2895	130	13	−⊂	−⊂	NOUN
dem-2895	130	14	≥	≥	NOUN
dem-2895	130	15	−	−	PROPN
dem-2895	130	16	(	(	PUNCT
dem-2895	130	17	27	27	NUM
dem-2895	130	18	)	)	PUNCT
dem-2895	130	19	małgorzata	małgorzata	NOUN
dem-2895	130	20	doman	doman	PROPN
dem-2895	130	21	,	,	PUNCT
dem-2895	130	22	ryszard	ryszard	NOUN
dem-2895	130	23	doman	doman	PROPN
dem-2895	130	24	dynamic	dynamic	ADJ
dem-2895	130	25	econometric	econometric	ADJ
dem-2895	130	26	models	model	NOUN
dem-2895	130	27	13	13	NUM
dem-2895	130	28	(	(	PUNCT
dem-2895	130	29	2013	2013	NUM
dem-2895	130	30	)	)	PUNCT
dem-2895	130	31	5–31	5–31	PROPN
dem-2895	130	32	14	14	NUM
dem-2895	130	33	*	*	SYM
dem-2895	130	34	1	1	NUM
dem-2895	130	35	ˆlim	ˆlim	NOUN
dem-2895	130	36	(	(	PUNCT
dem-2895	130	37	)	)	PUNCT
dem-2895	130	38	0n	0n	NOUN
dem-2895	130	39	p	p	NOUN
dem-2895	131	1	i	i	PRON
dem-2895	131	2	α→∞	α→∞	NUM
dem-2895	131	3	−∈	−∈	NOUN
dem-2895	131	4	=	=	PUNCT
dem-2895	131	5	for	for	ADP
dem-2895	131	6	all	all	PRON
dem-2895	131	7	*	*	PUNCT
dem-2895	131	8	,	,	PUNCT
dem-2895	131	9	i∉	i∉	X
dem-2895	131	10	(	(	PUNCT
dem-2895	131	11	28	28	NUM
dem-2895	131	12	)	)	PUNCT
dem-2895	131	13	*	*	PUNCT
dem-2895	132	1	*	*	PUNCT
dem-2895	132	2	1	1	NUM
dem-2895	132	3	ˆlim	ˆlim	NOUN
dem-2895	132	4	(	(	PUNCT
dem-2895	132	5	)	)	PUNCT
dem-2895	132	6	1n	1n	PROPN
dem-2895	133	1	p	p	NOUN
dem-2895	133	2	α→∞	α→∞	NUM
dem-2895	133	3	−=	−=	NOUN
dem-2895	133	4	=	=	NOUN
dem-2895	133	5	if	if	SCONJ
dem-2895	133	6	*	*	ADJ
dem-2895	133	7	is	be	AUX
dem-2895	133	8	a	a	DET
dem-2895	133	9	singleton	singleton	NOUN
dem-2895	133	10	.	.	PUNCT
dem-2895	134	1	(	(	PUNCT
dem-2895	134	2	29	29	NUM
dem-2895	134	3	)	)	PUNCT
dem-2895	134	4	if	if	SCONJ
dem-2895	134	5	0	0	NUM
dem-2895	134	6	,	,	PUNCT
dem-2895	134	7	ihp	ihp	PROPN
dem-2895	134	8	denotes	denote	VERB
dem-2895	134	9	the	the	DET
dem-2895	134	10	p	p	NOUN
dem-2895	134	11	-	-	PUNCT
dem-2895	134	12	value	value	NOUN
dem-2895	134	13	associated	associate	VERB
dem-2895	134	14	with	with	ADP
dem-2895	134	15	the	the	DET
dem-2895	134	16	null	null	ADJ
dem-2895	134	17	hypothesis	hypothesis	NOUN
dem-2895	134	18	0	0	NUM
dem-2895	134	19	,	,	PUNCT
dem-2895	134	20	i	i	PRON
dem-2895	134	21	h	h	VERB
dem-2895	134	22	(	(	PUNCT
dem-2895	134	23	with	with	ADP
dem-2895	134	24	convention	convention	NOUN
dem-2895	134	25	that	that	SCONJ
dem-2895	134	26	0	0	NUM
dem-2895	134	27	0	0	NUM
dem-2895	134	28	,	,	PUNCT
dem-2895	134	29	1	1	NUM
dem-2895	134	30	mhp	mhp	NOUN
dem-2895	134	31	=	=	PUNCT
dem-2895	134	32	)	)	PUNCT
dem-2895	134	33	,	,	PUNCT
dem-2895	134	34	then	then	ADV
dem-2895	134	35	the	the	DET
dem-2895	134	36	mcs	mcs	PROPN
dem-2895	134	37	p	p	NOUN
dem-2895	134	38	-	-	PUNCT
dem-2895	134	39	value	value	NOUN
dem-2895	134	40	for	for	ADP
dem-2895	134	41	model	model	NOUN
dem-2895	134	42	0	0	PUNCT
dem-2895	135	1	j	j	NOUN
dem-2895	135	2	e	e	PROPN
dem-2895	135	3	∈m	∈m	NOUN
dem-2895	135	4	is	be	AUX
dem-2895	135	5	defined	define	VERB
dem-2895	135	6	as	as	ADP
dem-2895	135	7	0	0	NUM
dem-2895	135	8	,	,	PUNCT
dem-2895	135	9	ˆ	ˆ	PRON
dem-2895	135	10	max	max	PROPN
dem-2895	135	11	.	.	PUNCT
dem-2895	136	1	j	j	PROPN
dem-2895	137	1	ie	ie	ADV
dem-2895	137	2	i	i	PROPN
dem-2895	137	3	j	j	PROPN
dem-2895	138	1	hp	hp	PROPN
dem-2895	138	2	p≤≡	p≤≡	VERB
dem-2895	138	3	it	it	PRON
dem-2895	138	4	is	be	AUX
dem-2895	138	5	shown	show	VERB
dem-2895	138	6	in	in	ADP
dem-2895	138	7	hansen	hansen	PROPN
dem-2895	138	8	et	et	PROPN
dem-2895	138	9	al	al	PROPN
dem-2895	138	10	.	.	PROPN
dem-2895	139	1	(	(	PUNCT
dem-2895	139	2	2011	2011	NUM
dem-2895	139	3	)	)	PUNCT
dem-2895	139	4	that	that	SCONJ
dem-2895	139	5	0,h	0,h	PRON
dem-2895	139	6	can	can	AUX
dem-2895	139	7	be	be	AUX
dem-2895	139	8	tested	test	VERB
dem-2895	139	9	using	use	VERB
dem-2895	139	10	traditional	traditional	ADJ
dem-2895	139	11	quadratic	quadratic	ADJ
dem-2895	139	12	-	-	PUNCT
dem-2895	139	13	form	form	NOUN
dem-2895	139	14	statistics	statistic	NOUN
dem-2895	139	15	or	or	CCONJ
dem-2895	139	16	multiple	multiple	ADJ
dem-2895	139	17	t	t	PROPN
dem-2895	139	18	-	-	PUNCT
dem-2895	139	19	statistics	statistic	NOUN
dem-2895	139	20	.	.	PUNCT
dem-2895	140	1	in	in	ADP
dem-2895	140	2	this	this	DET
dem-2895	140	3	paper	paper	NOUN
dem-2895	140	4	we	we	PRON
dem-2895	140	5	apply	apply	VERB
dem-2895	140	6	the	the	DET
dem-2895	140	7	t	t	NOUN
dem-2895	140	8	-	-	PUNCT
dem-2895	140	9	statistic	statistic	NOUN
dem-2895	140	10	,	,	PUNCT
dem-2895	140	11	rt	rt	PROPN
dem-2895	140	12	defined	define	VERB
dem-2895	140	13	as	as	ADP
dem-2895	140	14	:	:	PUNCT
dem-2895	140	15	,	,	PUNCT
dem-2895	140	16	,	,	PUNCT
dem-2895	140	17	max	max	PROPN
dem-2895	140	18	|	|	ADV
dem-2895	140	19	|,r	|,r	INTJ
dem-2895	140	20	iji	iji	VERB
dem-2895	140	21	j	j	PROPN
dem-2895	140	22	t	t	PROPN
dem-2895	140	23	t	t	PROPN
dem-2895	140	24	∈	∈	PROPN
dem-2895	140	25	=	=	PUNCT
dem-2895	140	26	(	(	PUNCT
dem-2895	140	27	30	30	NUM
dem-2895	140	28	)	)	PUNCT
dem-2895	140	29	where	where	SCONJ
dem-2895	140	30	:	:	PUNCT
dem-2895	140	31	(	(	PUNCT
dem-2895	140	32	)	)	PUNCT
dem-2895	140	33	ˆvar	ˆvar	NOUN
dem-2895	140	34	ij	ij	NOUN
dem-2895	140	35	ij	ij	INTJ
dem-2895	140	36	ij	ij	INTJ
dem-2895	140	37	d	d	X
dem-2895	140	38	t	t	PROPN
dem-2895	140	39	d	d	PROPN
dem-2895	140	40	=	=	PUNCT
dem-2895	140	41	for	for	ADP
dem-2895	140	42	,	,	PUNCT
dem-2895	140	43	i	i	PRON
dem-2895	140	44	j∈	j∈	PROPN
dem-2895	140	45	,	,	PUNCT
dem-2895	140	46	(	(	PUNCT
dem-2895	140	47	31	31	NUM
dem-2895	140	48	)	)	PUNCT
dem-2895	140	49	and	and	CCONJ
dem-2895	140	50	1	1	NUM
dem-2895	140	51	,	,	PUNCT
dem-2895	140	52	1	1	NUM
dem-2895	140	53	n	n	NUM
dem-2895	140	54	ij	ij	NOUN
dem-2895	140	55	ij	ij	INTJ
dem-2895	140	56	ttd	ttd	NOUN
dem-2895	140	57	n	n	CCONJ
dem-2895	140	58	d−	d−	PROPN
dem-2895	140	59	=	=	PUNCT
dem-2895	140	60	=	=	PUNCT
dem-2895	140	61	∑	∑	PUNCT
dem-2895	140	62	.	.	PUNCT
dem-2895	141	1	the	the	DET
dem-2895	141	2	asymptotic	asymptotic	ADJ
dem-2895	141	3	distribution	distribution	NOUN
dem-2895	141	4	of	of	ADP
dem-2895	141	5	the	the	DET
dem-2895	141	6	statistic	statistic	NOUN
dem-2895	141	7	,	,	PUNCT
dem-2895	141	8	rt	rt	PROPN
dem-2895	141	9	is	be	AUX
dem-2895	141	10	nonstandard	nonstandard	ADJ
dem-2895	141	11	.	.	PUNCT
dem-2895	142	1	the	the	DET
dem-2895	142	2	bootstrap	bootstrap	NOUN
dem-2895	142	3	implementation	implementation	NOUN
dem-2895	142	4	of	of	ADP
dem-2895	142	5	the	the	DET
dem-2895	142	6	mcs	mcs	PROPN
dem-2895	142	7	procedure	procedure	NOUN
dem-2895	142	8	involving	involve	VERB
dem-2895	142	9	this	this	DET
dem-2895	142	10	statistic	statistic	NOUN
dem-2895	142	11	is	be	AUX
dem-2895	142	12	described	describe	VERB
dem-2895	142	13	in	in	ADP
dem-2895	142	14	appendix	appendix	PROPN
dem-2895	142	15	b	b	NOUN
dem-2895	142	16	in	in	ADP
dem-2895	142	17	the	the	DET
dem-2895	142	18	paper	paper	NOUN
dem-2895	142	19	by	by	ADP
dem-2895	142	20	hansen	hansen	PROPN
dem-2895	142	21	et	et	PROPN
dem-2895	142	22	al	al	PROPN
dem-2895	142	23	.	.	PROPN
dem-2895	143	1	(	(	PUNCT
dem-2895	143	2	2003	2003	NUM
dem-2895	143	3	)	)	PUNCT
dem-2895	143	4	.	.	PUNCT
dem-2895	144	1	the	the	DET
dem-2895	144	2	estimated	estimate	VERB
dem-2895	144	3	bootstrap	bootstrap	NOUN
dem-2895	144	4	distribution	distribution	NOUN
dem-2895	144	5	of	of	ADP
dem-2895	144	6	,	,	PUNCT
dem-2895	144	7	rt	rt	PROPN
dem-2895	144	8	,	,	PUNCT
dem-2895	144	9	under	under	ADP
dem-2895	144	10	the	the	DET
dem-2895	144	11	null	null	ADJ
dem-2895	144	12	hypothesis	hypothesis	NOUN
dem-2895	144	13	,	,	PUNCT
dem-2895	144	14	is	be	AUX
dem-2895	144	15	given	give	VERB
dem-2895	144	16	by	by	ADP
dem-2895	144	17	the	the	DET
dem-2895	144	18	empirical	empirical	ADJ
dem-2895	144	19	distribution	distribution	NOUN
dem-2895	144	20	of	of	ADP
dem-2895	144	21	:	:	PUNCT
dem-2895	144	22	(	(	PUNCT
dem-2895	144	23	)	)	PUNCT
dem-2895	144	24	*	*	PUNCT
dem-2895	144	25	,	,	PUNCT
dem-2895	144	26	*	*	PUNCT
dem-2895	144	27	,	,	PUNCT
dem-2895	144	28	,	,	PUNCT
dem-2895	144	29	|	|	CCONJ
dem-2895	144	30	|	|	ADV
dem-2895	144	31	max	max	PROPN
dem-2895	144	32	ˆvar	ˆvar	NOUN
dem-2895	144	33	b	b	PROPN
dem-2895	144	34	ij	ij	INTJ
dem-2895	144	35	ij	ij	INTJ
dem-2895	144	36	b	b	NOUN
dem-2895	144	37	r	r	NOUN
dem-2895	145	1	i	i	PRON
dem-2895	145	2	j	j	NOUN
dem-2895	146	1	ij	ij	INTJ
dem-2895	147	1	d	d	PROPN
dem-2895	147	2	d	d	X
dem-2895	147	3	t	t	PROPN
dem-2895	147	4	d∈	d∈	PROPN
dem-2895	147	5	−	−	PROPN
dem-2895	148	1	=	=	PRON
dem-2895	148	2	,	,	PUNCT
dem-2895	148	3	(	(	PUNCT
dem-2895	148	4	32	32	NUM
dem-2895	148	5	)	)	PUNCT
dem-2895	149	1	where	where	SCONJ
dem-2895	149	2	*	*	SYM
dem-2895	149	3	1	1	NUM
dem-2895	149	4	,	,	PUNCT
dem-2895	149	5	,	,	PUNCT
dem-2895	149	6	1	1	NUM
dem-2895	149	7	bt	bt	NOUN
dem-2895	149	8	n	n	PRON
dem-2895	149	9	b	b	PROPN
dem-2895	149	10	ij	ij	INTJ
dem-2895	149	11	ijn	ijn	PROPN
dem-2895	149	12	t	t	PROPN
dem-2895	150	1	d	d	X
dem-2895	150	2	d	d	X
dem-2895	150	3	τ=	τ=	PUNCT
dem-2895	150	4	=	=	PUNCT
dem-2895	150	5	∑	∑	PROPN
dem-2895	150	6	is	be	AUX
dem-2895	150	7	the	the	DET
dem-2895	150	8	bootstrap	bootstrap	NOUN
dem-2895	150	9	resample	resample	NOUN
dem-2895	150	10	average	average	ADJ
dem-2895	150	11	,	,	PUNCT
dem-2895	150	12	and	and	CCONJ
dem-2895	150	13	(	(	PUNCT
dem-2895	150	14	)	)	PUNCT
dem-2895	150	15	(	(	PUNCT
dem-2895	150	16	)	)	PUNCT
dem-2895	150	17	2	2	NUM
dem-2895	150	18	*	*	SYM
dem-2895	150	19	1	1	NUM
dem-2895	150	20	,	,	PUNCT
dem-2895	150	21	1	1	NUM
dem-2895	150	22	ˆvar	ˆvar	NOUN
dem-2895	150	23	b	b	PROPN
dem-2895	150	24	ij	ij	NOUN
dem-2895	150	25	b	b	PROPN
dem-2895	150	26	ij	ij	INTJ
dem-2895	150	27	ijb	ijb	PROPN
dem-2895	150	28	b	b	PROPN
dem-2895	150	29	d	d	PROPN
dem-2895	150	30	d	d	PROPN
dem-2895	150	31	d	d	X
dem-2895	150	32	=	=	SYM
dem-2895	150	33	=	=	SYM
dem-2895	150	34	−∑	−∑	PROPN
dem-2895	150	35	.	.	PUNCT
dem-2895	151	1	for	for	ADP
dem-2895	151	2	generating	generate	VERB
dem-2895	151	3	b	b	PROPN
dem-2895	151	4	resamples	resample	NOUN
dem-2895	151	5	,	,	PUNCT
dem-2895	151	6	the	the	DET
dem-2895	151	7	block	block	NOUN
dem-2895	151	8	bootstrap	bootstrap	NOUN
dem-2895	151	9	is	be	AUX
dem-2895	151	10	used	use	VERB
dem-2895	151	11	.	.	PUNCT
dem-2895	152	1	the	the	DET
dem-2895	152	2	p	p	NOUN
dem-2895	152	3	-	-	PUNCT
dem-2895	152	4	value	value	NOUN
dem-2895	152	5	of	of	ADP
dem-2895	152	6	0,h	0,h	PROPN
dem-2895	152	7	is	be	AUX
dem-2895	152	8	given	give	VERB
dem-2895	152	9	by	by	ADP
dem-2895	152	10	:	:	PUNCT
dem-2895	152	11	0	0	NUM
dem-2895	152	12	,	,	PUNCT
dem-2895	152	13	*	*	PUNCT
dem-2895	152	14	,	,	PUNCT
dem-2895	152	15	,	,	PUNCT
dem-2895	152	16	1	1	NUM
dem-2895	152	17	1	1	NUM
dem-2895	152	18	1	1	NUM
dem-2895	152	19	{	{	PUNCT
dem-2895	152	20	}	}	PUNCT
dem-2895	152	21	b	b	NOUN
dem-2895	153	1	h	h	NOUN
dem-2895	153	2	b	b	NOUN
dem-2895	153	3	r	r	NOUN
dem-2895	153	4	r	r	NOUN
dem-2895	153	5	b	b	PROPN
dem-2895	153	6	p	p	X
dem-2895	153	7	t	t	PROPN
dem-2895	153	8	t	t	PROPN
dem-2895	153	9	b	b	PROPN
dem-2895	153	10	=	=	PUNCT
dem-2895	153	11	=	=	PUNCT
dem-2895	153	12	>	>	PUNCT
dem-2895	153	13	∑	∑	PROPN
dem-2895	153	14	.	.	PUNCT
dem-2895	154	1	(	(	PUNCT
dem-2895	154	2	33	33	NUM
dem-2895	154	3	)	)	PUNCT
dem-2895	154	4	even	even	ADV
dem-2895	154	5	though	though	SCONJ
dem-2895	154	6	the	the	DET
dem-2895	154	7	mcs	mcs	PROPN
dem-2895	154	8	methodology	methodology	NOUN
dem-2895	154	9	was	be	AUX
dem-2895	154	10	originally	originally	ADV
dem-2895	154	11	designed	design	VERB
dem-2895	154	12	in	in	ADP
dem-2895	154	13	hansen	hansen	PROPN
dem-2895	154	14	et	et	PROPN
dem-2895	154	15	al	al	PROPN
dem-2895	154	16	.	.	PROPN
dem-2895	155	1	(	(	PUNCT
dem-2895	155	2	2003	2003	NUM
dem-2895	155	3	)	)	PUNCT
dem-2895	156	1	to	to	PART
dem-2895	156	2	select	select	VERB
dem-2895	156	3	the	the	DET
dem-2895	156	4	best	good	ADJ
dem-2895	156	5	volatility	volatility	NOUN
dem-2895	156	6	forecasting	forecasting	NOUN
dem-2895	156	7	models	model	NOUN
dem-2895	156	8	,	,	PUNCT
dem-2895	156	9	its	its	PRON
dem-2895	156	10	applications	application	NOUN
dem-2895	156	11	are	be	AUX
dem-2895	156	12	not	not	PART
dem-2895	156	13	limited	limit	VERB
dem-2895	156	14	to	to	ADP
dem-2895	156	15	comparisons	comparison	NOUN
dem-2895	156	16	of	of	ADP
dem-2895	156	17	models	model	NOUN
dem-2895	156	18	.	.	PUNCT
dem-2895	157	1	it	it	PRON
dem-2895	157	2	can	can	AUX
dem-2895	157	3	be	be	AUX
dem-2895	157	4	used	use	VERB
dem-2895	157	5	as	as	ADV
dem-2895	157	6	well	well	ADV
dem-2895	157	7	to	to	PART
dem-2895	157	8	compare	compare	VERB
dem-2895	157	9	the	the	DET
dem-2895	157	10	dynamics	dynamic	NOUN
dem-2895	157	11	and	and	CCONJ
dem-2895	157	12	strength	strength	NOUN
dem-2895	157	13	of	of	ADP
dem-2895	157	14	linkages	linkage	NOUN
dem-2895	157	15	between	between	ADP
dem-2895	157	16	the	the	DET
dem-2895	157	17	stock	stock	NOUN
dem-2895	157	18	markets	market	NOUN
dem-2895	157	19	…	…	PUNCT
dem-2895	157	20	dynamic	dynamic	ADJ
dem-2895	157	21	econometric	econometric	ADJ
dem-2895	157	22	models	model	NOUN
dem-2895	157	23	3	3	NUM
dem-2895	157	24	(	(	PUNCT
dem-2895	157	25	2013	2013	NUM
dem-2895	157	26	)	)	PUNCT
dem-2895	157	27	5–31	5–31	PROPN
dem-2895	157	28	15	15	NUM
dem-2895	157	29	the	the	DET
dem-2895	157	30	means	mean	NOUN
dem-2895	157	31	of	of	ADP
dem-2895	157	32	two	two	NUM
dem-2895	157	33	or	or	CCONJ
dem-2895	157	34	more	more	ADJ
dem-2895	157	35	populations	population	NOUN
dem-2895	157	36	.	.	PUNCT
dem-2895	158	1	in	in	ADP
dem-2895	158	2	this	this	DET
dem-2895	158	3	paper	paper	NOUN
dem-2895	158	4	,	,	PUNCT
dem-2895	158	5	we	we	PRON
dem-2895	158	6	apply	apply	VERB
dem-2895	158	7	the	the	DET
dem-2895	158	8	mcs	mcs	PROPN
dem-2895	158	9	procedure	procedure	NOUN
dem-2895	158	10	to	to	PART
dem-2895	158	11	establish	establish	VERB
dem-2895	158	12	rankings	ranking	NOUN
dem-2895	158	13	of	of	ADP
dem-2895	158	14	strength	strength	NOUN
dem-2895	158	15	of	of	ADP
dem-2895	158	16	conditional	conditional	ADJ
dem-2895	158	17	dependencies	dependency	NOUN
dem-2895	158	18	between	between	ADP
dem-2895	158	19	the	the	DET
dem-2895	158	20	investigated	investigate	VERB
dem-2895	158	21	stock	stock	NOUN
dem-2895	158	22	markets	market	NOUN
dem-2895	158	23	,	,	PUNCT
dem-2895	158	24	calculated	calculate	VERB
dem-2895	158	25	by	by	ADP
dem-2895	158	26	means	mean	NOUN
dem-2895	158	27	of	of	ADP
dem-2895	158	28	the	the	DET
dem-2895	158	29	discussed	discuss	VERB
dem-2895	158	30	copulabased	copulabase	VERB
dem-2895	158	31	measures	measure	NOUN
dem-2895	158	32	of	of	ADP
dem-2895	158	33	dependence	dependence	NOUN
dem-2895	158	34	.	.	PUNCT
dem-2895	159	1	3	3	X
dem-2895	159	2	.	.	X
dem-2895	159	3	the	the	DET
dem-2895	159	4	data	datum	NOUN
dem-2895	159	5	the	the	DET
dem-2895	159	6	dataset	dataset	NOUN
dem-2895	159	7	used	use	VERB
dem-2895	159	8	in	in	ADP
dem-2895	159	9	the	the	DET
dem-2895	159	10	analysis	analysis	NOUN
dem-2895	159	11	includes	include	VERB
dem-2895	159	12	closing	closing	NOUN
dem-2895	159	13	quotations	quotation	NOUN
dem-2895	159	14	of	of	ADP
dem-2895	159	15	the	the	DET
dem-2895	159	16	following	follow	VERB
dem-2895	159	17	stock	stock	NOUN
dem-2895	159	18	indices	index	NOUN
dem-2895	159	19	:	:	PUNCT
dem-2895	159	20	the	the	DET
dem-2895	159	21	hungarian	hungarian	ADJ
dem-2895	159	22	bux	bux	PROPN
dem-2895	159	23	,	,	PUNCT
dem-2895	159	24	the	the	DET
dem-2895	159	25	czech	czech	PROPN
dem-2895	159	26	px	px	PROPN
dem-2895	159	27	,	,	PUNCT
dem-2895	159	28	the	the	DET
dem-2895	159	29	polish	polish	ADJ
dem-2895	159	30	wig20	wig20	PROPN
dem-2895	159	31	,	,	PUNCT
dem-2895	159	32	the	the	DET
dem-2895	159	33	dax	dax	PROPN
dem-2895	159	34	,	,	PUNCT
dem-2895	159	35	and	and	CCONJ
dem-2895	159	36	the	the	DET
dem-2895	159	37	s&p	s&p	PROPN
dem-2895	159	38	500	500	NUM
dem-2895	159	39	,	,	PUNCT
dem-2895	159	40	from	from	ADP
dem-2895	159	41	the	the	DET
dem-2895	159	42	period	period	NOUN
dem-2895	159	43	may	may	AUX
dem-2895	159	44	5	5	NUM
dem-2895	159	45	,	,	PUNCT
dem-2895	159	46	2004	2004	NUM
dem-2895	159	47	to	to	ADP
dem-2895	159	48	july	july	PROPN
dem-2895	159	49	20	20	NUM
dem-2895	159	50	,	,	PUNCT
dem-2895	159	51	2012	2012	NUM
dem-2895	159	52	.	.	PUNCT
dem-2895	160	1	the	the	DET
dem-2895	160	2	period	period	NOUN
dem-2895	160	3	under	under	ADP
dem-2895	160	4	scrutiny	scrutiny	NOUN
dem-2895	160	5	begins	begin	VERB
dem-2895	160	6	after	after	ADP
dem-2895	160	7	the	the	DET
dem-2895	160	8	czech	czech	PROPN
dem-2895	160	9	republic	republic	NOUN
dem-2895	160	10	,	,	PUNCT
dem-2895	160	11	hungary	hungary	PROPN
dem-2895	160	12	and	and	CCONJ
dem-2895	160	13	poland	poland	PROPN
dem-2895	160	14	joining	join	VERB
dem-2895	160	15	the	the	DET
dem-2895	160	16	european	european	PROPN
dem-2895	160	17	union	union	PROPN
dem-2895	160	18	.	.	PUNCT
dem-2895	161	1	this	this	PRON
dem-2895	161	2	allows	allow	VERB
dem-2895	161	3	us	we	PRON
dem-2895	161	4	to	to	PART
dem-2895	161	5	avoid	avoid	VERB
dem-2895	161	6	a	a	DET
dem-2895	161	7	possible	possible	ADJ
dem-2895	161	8	structural	structural	ADJ
dem-2895	161	9	break	break	NOUN
dem-2895	161	10	in	in	ADP
dem-2895	161	11	the	the	DET
dem-2895	161	12	data	datum	NOUN
dem-2895	161	13	caused	cause	VERB
dem-2895	161	14	by	by	ADP
dem-2895	161	15	that	that	DET
dem-2895	161	16	event	event	NOUN
dem-2895	161	17	.	.	PUNCT
dem-2895	162	1	the	the	DET
dem-2895	162	2	quotations	quotation	NOUN
dem-2895	162	3	of	of	ADP
dem-2895	162	4	the	the	DET
dem-2895	162	5	px	px	PROPN
dem-2895	162	6	index	index	NOUN
dem-2895	162	7	were	be	AUX
dem-2895	162	8	obtained	obtain	VERB
dem-2895	162	9	from	from	ADP
dem-2895	162	10	the	the	DET
dem-2895	162	11	website	website	NOUN
dem-2895	162	12	of	of	ADP
dem-2895	162	13	the	the	DET
dem-2895	162	14	prague	prague	PROPN
dem-2895	162	15	stock	stock	NOUN
dem-2895	162	16	exchange	exchange	NOUN
dem-2895	162	17	,	,	PUNCT
dem-2895	162	18	and	and	CCONJ
dem-2895	162	19	those	those	PRON
dem-2895	162	20	of	of	ADP
dem-2895	162	21	the	the	DET
dem-2895	162	22	other	other	ADJ
dem-2895	162	23	indices	index	NOUN
dem-2895	162	24	come	come	VERB
dem-2895	162	25	from	from	ADP
dem-2895	162	26	the	the	DET
dem-2895	162	27	website	website	NOUN
dem-2895	162	28	stooq.pl	stooq.pl	X
dem-2895	162	29	.	.	PUNCT
dem-2895	163	1	figure	figure	NOUN
dem-2895	163	2	1	1	NUM
dem-2895	163	3	.	.	NOUN
dem-2895	163	4	time	time	NOUN
dem-2895	163	5	plots	plot	NOUN
dem-2895	163	6	of	of	ADP
dem-2895	163	7	daily	daily	ADJ
dem-2895	163	8	quotations	quotation	NOUN
dem-2895	163	9	of	of	ADP
dem-2895	163	10	bux/10	bux/10	PROPN
dem-2895	163	11	,	,	PUNCT
dem-2895	163	12	px	px	PROPN
dem-2895	163	13	,	,	PUNCT
dem-2895	163	14	wig20	wig20	PROPN
dem-2895	163	15	,	,	PUNCT
dem-2895	163	16	dax/5	dax/5	PROPN
dem-2895	163	17	and	and	CCONJ
dem-2895	163	18	s&p500	s&p500	VERB
dem-2895	163	19	from	from	ADP
dem-2895	163	20	may	may	PROPN
dem-2895	163	21	5	5	NUM
dem-2895	163	22	,	,	PUNCT
dem-2895	163	23	2004	2004	NUM
dem-2895	163	24	to	to	ADP
dem-2895	163	25	july	july	PROPN
dem-2895	163	26	20	20	NUM
dem-2895	163	27	,	,	PUNCT
dem-2895	163	28	2012	2012	NUM
dem-2895	163	29	.	.	PUNCT
dem-2895	164	1	scaling	scale	VERB
dem-2895	164	2	in	in	ADP
dem-2895	164	3	the	the	DET
dem-2895	164	4	case	case	NOUN
dem-2895	164	5	of	of	ADP
dem-2895	164	6	bux	bux	PROPN
dem-2895	164	7	and	and	CCONJ
dem-2895	164	8	dax	dax	PROPN
dem-2895	164	9	is	be	AUX
dem-2895	164	10	performed	perform	VERB
dem-2895	164	11	for	for	ADP
dem-2895	164	12	easier	easy	ADJ
dem-2895	164	13	comparison	comparison	NOUN
dem-2895	164	14	since	since	SCONJ
dem-2895	164	15	the	the	DET
dem-2895	164	16	patterns	pattern	NOUN
dem-2895	164	17	of	of	ADP
dem-2895	164	18	non	non	ADJ
dem-2895	164	19	-	-	ADJ
dem-2895	164	20	trading	trading	ADJ
dem-2895	164	21	days	day	NOUN
dem-2895	164	22	in	in	ADP
dem-2895	164	23	the	the	DET
dem-2895	164	24	national	national	ADJ
dem-2895	164	25	stock	stock	NOUN
dem-2895	164	26	markets	market	NOUN
dem-2895	164	27	differ	differ	VERB
dem-2895	164	28	,	,	PUNCT
dem-2895	164	29	for	for	ADP
dem-2895	164	30	the	the	DET
dem-2895	164	31	purposes	purpose	NOUN
dem-2895	164	32	of	of	ADP
dem-2895	164	33	modeling	model	VERB
dem-2895	164	34	the	the	DET
dem-2895	164	35	dependencies	dependency	NOUN
dem-2895	164	36	,	,	PUNCT
dem-2895	164	37	the	the	DET
dem-2895	164	38	dates	date	NOUN
dem-2895	164	39	of	of	ADP
dem-2895	164	40	observations	observation	NOUN
dem-2895	164	41	for	for	ADP
dem-2895	164	42	all	all	DET
dem-2895	164	43	the	the	DET
dem-2895	164	44	indices	index	NOUN
dem-2895	164	45	were	be	AUX
dem-2895	164	46	checked	check	VERB
dem-2895	164	47	and	and	CCONJ
dem-2895	164	48	observations	observation	NOUN
dem-2895	164	49	not	not	PART
dem-2895	164	50	corresponding	correspond	VERB
dem-2895	164	51	to	to	ADP
dem-2895	164	52	ones	one	NOUN
dem-2895	164	53	in	in	ADP
dem-2895	164	54	the	the	DET
dem-2895	164	55	other	other	ADJ
dem-2895	164	56	index	index	NOUN
dem-2895	164	57	quotation	quotation	NOUN
dem-2895	164	58	series	series	NOUN
dem-2895	164	59	were	be	AUX
dem-2895	164	60	removed	remove	VERB
dem-2895	164	61	.	.	PUNCT
dem-2895	165	1	the	the	DET
dem-2895	165	2	plots	plot	NOUN
dem-2895	165	3	of	of	ADP
dem-2895	165	4	the	the	DET
dem-2895	165	5	adjusted	adjust	VERB
dem-2895	165	6	series	series	NOUN
dem-2895	165	7	of	of	ADP
dem-2895	165	8	quotations	quotation	NOUN
dem-2895	165	9	are	be	AUX
dem-2895	165	10	presented	present	VERB
dem-2895	165	11	in	in	ADP
dem-2895	165	12	figure	figure	NOUN
dem-2895	165	13	1	1	NUM
dem-2895	165	14	.	.	PUNCT
dem-2895	166	1	the	the	DET
dem-2895	166	2	modeled	model	VERB
dem-2895	166	3	time	time	NOUN
dem-2895	166	4	series	series	NOUN
dem-2895	166	5	are	be	AUX
dem-2895	166	6	percentage	percentage	NOUN
dem-2895	166	7	logarithmic	logarithmic	ADJ
dem-2895	166	8	daily	daily	ADJ
dem-2895	166	9	returns	return	NOUN
dem-2895	166	10	calculated	calculate	VERB
dem-2895	166	11	by	by	ADP
dem-2895	166	12	the	the	DET
dem-2895	166	13	formula	formula	NOUN
dem-2895	166	14	:	:	PUNCT
dem-2895	166	15	0	0	NUM
dem-2895	166	16	500	500	NUM
dem-2895	166	17	1000	1000	NUM
dem-2895	166	18	1500	1500	NUM
dem-2895	166	19	2000	2000	NUM
dem-2895	166	20	2500	2500	NUM
dem-2895	166	21	3000	3000	NUM
dem-2895	166	22	3500	3500	NUM
dem-2895	166	23	4000	4000	NUM
dem-2895	166	24	4500	4500	NUM
dem-2895	166	25	05/04/2004	05/04/2004	NUM
dem-2895	166	26	02/24/2005	02/24/2005	NUM
dem-2895	167	1	12/27/2005	12/27/2005	NUM
dem-2895	167	2	10/19/2006	10/19/2006	NUM
dem-2895	167	3	08/23/2007	08/23/2007	NUM
dem-2895	167	4	06/23/2008	06/23/2008	NOUN
dem-2895	167	5	04/20/2009	04/20/2009	NUM
dem-2895	167	6	02/16/2010	02/16/2010	NOUN
dem-2895	167	7	12/13/2010	12/13/2010	NUM
dem-2895	167	8	10/07/2011	10/07/2011	NUM
dem-2895	167	9	bux/10	bux/10	PROPN
dem-2895	167	10	px	px	NOUN
dem-2895	167	11	wig20	wig20	VERB
dem-2895	167	12	dax/5	dax/5	PROPN
dem-2895	167	13	s&p500	s&p500	NOUN
dem-2895	167	14	małgorzata	małgorzata	PROPN
dem-2895	167	15	doman	doman	PROPN
dem-2895	167	16	,	,	PUNCT
dem-2895	167	17	ryszard	ryszard	NOUN
dem-2895	167	18	doman	doman	PROPN
dem-2895	167	19	dynamic	dynamic	ADJ
dem-2895	167	20	econometric	econometric	ADJ
dem-2895	167	21	models	model	NOUN
dem-2895	167	22	13	13	NUM
dem-2895	167	23	(	(	PUNCT
dem-2895	167	24	2013	2013	NUM
dem-2895	167	25	)	)	PUNCT
dem-2895	167	26	5–31	5–31	PROPN
dem-2895	167	27	16	16	NUM
dem-2895	167	28	1100	1100	NUM
dem-2895	167	29	(	(	PUNCT
dem-2895	167	30	ln	ln	NOUN
dem-2895	167	31	ln	ln	NOUN
dem-2895	167	32	)	)	PUNCT
dem-2895	167	33	t	t	PROPN
dem-2895	167	34	t	t	PROPN
dem-2895	167	35	tr	tr	PROPN
dem-2895	167	36	p	p	PROPN
dem-2895	167	37	p−=	p−=	PROPN
dem-2895	167	38	−	−	PROPN
dem-2895	167	39	,	,	PUNCT
dem-2895	167	40	(	(	PUNCT
dem-2895	167	41	34	34	NUM
dem-2895	167	42	)	)	PUNCT
dem-2895	167	43	where	where	SCONJ
dem-2895	167	44	tp	tp	NOUN
dem-2895	167	45	denotes	denote	VERB
dem-2895	167	46	the	the	DET
dem-2895	167	47	closing	closing	NOUN
dem-2895	167	48	index	index	NOUN
dem-2895	167	49	value	value	NOUN
dem-2895	167	50	on	on	ADP
dem-2895	167	51	day	day	NOUN
dem-2895	167	52	t.	t.	NOUN
dem-2895	167	53	figure	figure	NOUN
dem-2895	167	54	2	2	NUM
dem-2895	167	55	.	.	PUNCT
dem-2895	167	56	evolution	evolution	NOUN
dem-2895	167	57	of	of	ADP
dem-2895	167	58	gdp	gdp	NOUN
dem-2895	167	59	annual	annual	ADJ
dem-2895	167	60	growth	growth	NOUN
dem-2895	167	61	rate	rate	NOUN
dem-2895	167	62	in	in	ADP
dem-2895	167	63	the	the	DET
dem-2895	167	64	czech	czech	PROPN
dem-2895	167	65	republic	republic	NOUN
dem-2895	167	66	,	,	PUNCT
dem-2895	167	67	hungry	hungry	ADJ
dem-2895	167	68	,	,	PUNCT
dem-2895	167	69	poland	poland	PROPN
dem-2895	167	70	,	,	PUNCT
dem-2895	167	71	the	the	DET
dem-2895	167	72	ue	ue	ADJ
dem-2895	167	73	,	,	PUNCT
dem-2895	167	74	and	and	CCONJ
dem-2895	167	75	the	the	DET
dem-2895	167	76	usa	usa	PROPN
dem-2895	167	77	,	,	PUNCT
dem-2895	167	78	2004–2012	2004–2012	NUM
dem-2895	167	79	.	.	PUNCT
dem-2895	168	1	data	datum	NOUN
dem-2895	168	2	source	source	NOUN
dem-2895	168	3	:	:	PUNCT
dem-2895	168	4	trading	trading	NOUN
dem-2895	168	5	economics	economic	NOUN
dem-2895	168	6	(	(	PUNCT
dem-2895	168	7	2013	2013	NUM
dem-2895	168	8	)	)	PUNCT
dem-2895	168	9	figure	figure	NOUN
dem-2895	168	10	3	3	NUM
dem-2895	168	11	.	.	PUNCT
dem-2895	168	12	market	market	NOUN
dem-2895	168	13	capitalization	capitalization	NOUN
dem-2895	168	14	of	of	ADP
dem-2895	168	15	the	the	DET
dem-2895	168	16	stock	stock	NOUN
dem-2895	168	17	exchanges	exchange	NOUN
dem-2895	168	18	wse	wse	PROPN
dem-2895	168	19	,	,	PUNCT
dem-2895	168	20	bse	bse	NOUN
dem-2895	168	21	,	,	PUNCT
dem-2895	168	22	and	and	CCONJ
dem-2895	168	23	pse	pse	NOUN
dem-2895	168	24	in	in	ADP
dem-2895	168	25	millions	million	NOUN
dem-2895	168	26	euro	euro	NOUN
dem-2895	168	27	,	,	PUNCT
dem-2895	168	28	2004–2012	2004–2012	NUM
dem-2895	168	29	data	datum	NOUN
dem-2895	168	30	source	source	NOUN
dem-2895	168	31	:	:	PUNCT
dem-2895	168	32	federation	federation	PROPN
dem-2895	168	33	of	of	ADP
dem-2895	168	34	european	european	PROPN
dem-2895	168	35	securities	security	NOUN
dem-2895	168	36	exchanges	exchange	NOUN
dem-2895	168	37	(	(	PUNCT
dem-2895	168	38	2013	2013	NUM
dem-2895	168	39	)	)	PUNCT
dem-2895	168	40	.	.	PUNCT
dem-2895	169	1	‐10	‐10	ADP
dem-2895	169	2	‐8	‐8	NUM
dem-2895	169	3	‐6	‐6	NOUN
dem-2895	169	4	‐4	‐4	PROPN
dem-2895	169	5	‐2	‐2	NUM
dem-2895	169	6	0	0	NUM
dem-2895	169	7	2	2	NUM
dem-2895	169	8	4	4	NUM
dem-2895	169	9	6	6	NUM
dem-2895	169	10	8	8	NUM
dem-2895	169	11	10	10	NUM
dem-2895	169	12	czech	czech	PROPN
dem-2895	169	13	 	 	SPACE
dem-2895	169	14	republic	republic	PROPN
dem-2895	169	15	hungary	hungary	PROPN
dem-2895	169	16	poland	poland	PROPN
dem-2895	169	17	  	  	SPACE
dem-2895	169	18	eu	eu	PROPN
dem-2895	169	19	usa	usa	PROPN
dem-2895	169	20	0	0	NUM
dem-2895	169	21	20	20	NUM
dem-2895	169	22	 	 	SPACE
dem-2895	169	23	000	000	NUM
dem-2895	169	24	40	40	NUM
dem-2895	169	25	 	 	SPACE
dem-2895	169	26	000	000	NUM
dem-2895	169	27	60	60	NUM
dem-2895	169	28	 	 	SPACE
dem-2895	169	29	000	000	NUM
dem-2895	169	30	80	80	NUM
dem-2895	169	31	 	 	SPACE
dem-2895	169	32	000	000	NUM
dem-2895	169	33	100	100	NUM
dem-2895	169	34	 	 	SPACE
dem-2895	169	35	000	000	NUM
dem-2895	169	36	120	120	NUM
dem-2895	169	37	 	 	SPACE
dem-2895	169	38	000	000	NUM
dem-2895	169	39	140	140	NUM
dem-2895	169	40	 	 	SPACE
dem-2895	169	41	000	000	NUM
dem-2895	169	42	160	160	NUM
dem-2895	169	43	 	 	SPACE
dem-2895	169	44	000	000	NUM
dem-2895	169	45	2004	2004	NUM
dem-2895	169	46	2005	2005	NUM
dem-2895	169	47	2006	2006	NUM
dem-2895	169	48	2007	2007	NUM
dem-2895	169	49	2008	2008	NUM
dem-2895	169	50	2009	2009	NUM
dem-2895	169	51	2010	2010	NUM
dem-2895	169	52	2011	2011	NUM
dem-2895	169	53	wse	wse	PROPN
dem-2895	169	54	bse	bse	PROPN
dem-2895	169	55	pse	pse	VERB
dem-2895	169	56	the	the	DET
dem-2895	169	57	dynamics	dynamic	NOUN
dem-2895	169	58	and	and	CCONJ
dem-2895	169	59	strength	strength	NOUN
dem-2895	169	60	of	of	ADP
dem-2895	169	61	linkages	linkage	NOUN
dem-2895	169	62	between	between	ADP
dem-2895	169	63	the	the	DET
dem-2895	169	64	stock	stock	NOUN
dem-2895	169	65	markets	market	NOUN
dem-2895	169	66	…	…	PUNCT
dem-2895	169	67	dynamic	dynamic	ADJ
dem-2895	169	68	econometric	econometric	ADJ
dem-2895	169	69	models	model	NOUN
dem-2895	169	70	3	3	NUM
dem-2895	169	71	(	(	PUNCT
dem-2895	169	72	2013	2013	NUM
dem-2895	169	73	)	)	PUNCT
dem-2895	169	74	5–31	5–31	PROPN
dem-2895	169	75	17	17	NUM
dem-2895	169	76	in	in	ADP
dem-2895	169	77	figure	figure	NOUN
dem-2895	169	78	2	2	NUM
dem-2895	169	79	,	,	PUNCT
dem-2895	169	80	we	we	PRON
dem-2895	169	81	show	show	VERB
dem-2895	169	82	time	time	NOUN
dem-2895	169	83	plots	plot	NOUN
dem-2895	169	84	displaying	display	VERB
dem-2895	169	85	the	the	DET
dem-2895	169	86	evolution	evolution	NOUN
dem-2895	169	87	of	of	ADP
dem-2895	169	88	gdp	gdp	NOUN
dem-2895	169	89	annual	annual	ADJ
dem-2895	169	90	growth	growth	NOUN
dem-2895	169	91	rate	rate	NOUN
dem-2895	169	92	in	in	ADP
dem-2895	169	93	the	the	DET
dem-2895	169	94	czech	czech	PROPN
dem-2895	169	95	republic	republic	NOUN
dem-2895	169	96	,	,	PUNCT
dem-2895	169	97	hungry	hungry	ADJ
dem-2895	169	98	,	,	PUNCT
dem-2895	169	99	poland	poland	PROPN
dem-2895	169	100	,	,	PUNCT
dem-2895	169	101	the	the	DET
dem-2895	169	102	ue	ue	ADJ
dem-2895	169	103	,	,	PUNCT
dem-2895	169	104	and	and	CCONJ
dem-2895	169	105	the	the	DET
dem-2895	169	106	usa	usa	PROPN
dem-2895	169	107	during	during	ADP
dem-2895	169	108	the	the	DET
dem-2895	169	109	period	period	NOUN
dem-2895	169	110	under	under	ADP
dem-2895	169	111	scrutiny	scrutiny	NOUN
dem-2895	169	112	.	.	PUNCT
dem-2895	170	1	the	the	DET
dem-2895	170	2	market	market	NOUN
dem-2895	170	3	capitalization	capitalization	NOUN
dem-2895	170	4	of	of	ADP
dem-2895	170	5	the	the	DET
dem-2895	170	6	analyzed	analyze	VERB
dem-2895	170	7	stock	stock	NOUN
dem-2895	170	8	exchanges	exchange	NOUN
dem-2895	170	9	is	be	AUX
dem-2895	170	10	presented	present	VERB
dem-2895	170	11	in	in	ADP
dem-2895	170	12	figure	figure	NOUN
dem-2895	170	13	3	3	NUM
dem-2895	170	14	and	and	CCONJ
dem-2895	170	15	shows	show	VERB
dem-2895	170	16	the	the	DET
dem-2895	170	17	leading	lead	VERB
dem-2895	170	18	position	position	NOUN
dem-2895	170	19	of	of	ADP
dem-2895	170	20	the	the	DET
dem-2895	170	21	warsaw	warsaw	PROPN
dem-2895	170	22	stock	stock	PROPN
dem-2895	170	23	exchange	exchange	NOUN
dem-2895	170	24	in	in	ADP
dem-2895	170	25	the	the	DET
dem-2895	170	26	region	region	NOUN
dem-2895	170	27	.	.	PUNCT
dem-2895	171	1	from	from	ADP
dem-2895	171	2	the	the	DET
dem-2895	171	3	plots	plot	NOUN
dem-2895	171	4	in	in	ADP
dem-2895	171	5	figures	figure	NOUN
dem-2895	171	6	1–3	1–3	NUM
dem-2895	171	7	,	,	PUNCT
dem-2895	171	8	it	it	PRON
dem-2895	171	9	is	be	AUX
dem-2895	171	10	evident	evident	ADJ
dem-2895	171	11	that	that	SCONJ
dem-2895	171	12	during	during	ADP
dem-2895	171	13	the	the	DET
dem-2895	171	14	subprime	subprime	ADJ
dem-2895	171	15	crisis	crisis	NOUN
dem-2895	171	16	of	of	ADP
dem-2895	171	17	2007–2009	2007–2009	NUM
dem-2895	171	18	all	all	DET
dem-2895	171	19	the	the	DET
dem-2895	171	20	markets	market	NOUN
dem-2895	171	21	experienced	experience	VERB
dem-2895	171	22	significant	significant	ADJ
dem-2895	171	23	decline	decline	NOUN
dem-2895	171	24	,	,	PUNCT
dem-2895	171	25	and	and	CCONJ
dem-2895	171	26	that	that	SCONJ
dem-2895	171	27	the	the	DET
dem-2895	171	28	same	same	ADJ
dem-2895	171	29	applies	apply	VERB
dem-2895	171	30	to	to	ADP
dem-2895	171	31	their	their	PRON
dem-2895	171	32	gdp	gdp	NOUN
dem-2895	171	33	growth	growth	NOUN
dem-2895	171	34	rate	rate	NOUN
dem-2895	171	35	,	,	PUNCT
dem-2895	171	36	though	though	SCONJ
dem-2895	171	37	the	the	DET
dem-2895	171	38	polish	polish	ADJ
dem-2895	171	39	gdp	gdp	NOUN
dem-2895	171	40	growth	growth	NOUN
dem-2895	171	41	rate	rate	NOUN
dem-2895	171	42	remained	remain	VERB
dem-2895	171	43	positive	positive	ADJ
dem-2895	171	44	.	.	PUNCT
dem-2895	172	1	as	as	ADP
dem-2895	172	2	in	in	ADP
dem-2895	172	3	many	many	ADJ
dem-2895	172	4	papers	paper	NOUN
dem-2895	172	5	dealing	deal	VERB
dem-2895	172	6	with	with	ADP
dem-2895	172	7	dynamic	dynamic	ADJ
dem-2895	172	8	copula	copula	NOUN
dem-2895	172	9	models	model	NOUN
dem-2895	172	10	,	,	PUNCT
dem-2895	172	11	we	we	PRON
dem-2895	172	12	separate	separate	VERB
dem-2895	172	13	the	the	DET
dem-2895	172	14	estimation	estimation	NOUN
dem-2895	172	15	of	of	ADP
dem-2895	172	16	models	model	NOUN
dem-2895	172	17	for	for	ADP
dem-2895	172	18	marginal	marginal	ADJ
dem-2895	172	19	distributions	distribution	NOUN
dem-2895	172	20	from	from	ADP
dem-2895	172	21	the	the	DET
dem-2895	172	22	estimation	estimation	NOUN
dem-2895	172	23	of	of	ADP
dem-2895	172	24	the	the	DET
dem-2895	172	25	model	model	NOUN
dem-2895	172	26	for	for	ADP
dem-2895	172	27	the	the	DET
dem-2895	172	28	dependence	dependence	NOUN
dem-2895	172	29	structure	structure	NOUN
dem-2895	172	30	.	.	PUNCT
dem-2895	173	1	the	the	DET
dem-2895	173	2	resulting	result	VERB
dem-2895	173	3	multi	multi	ADJ
dem-2895	173	4	-	-	ADJ
dem-2895	173	5	stage	stage	ADJ
dem-2895	173	6	maximum	maximum	ADJ
dem-2895	173	7	likelihood	likelihood	NOUN
dem-2895	173	8	estimation	estimation	NOUN
dem-2895	173	9	method	method	NOUN
dem-2895	173	10	,	,	PUNCT
dem-2895	173	11	known	know	VERB
dem-2895	173	12	as	as	ADP
dem-2895	173	13	„	„	PUNCT
dem-2895	173	14	inference	inference	NOUN
dem-2895	173	15	functions	function	NOUN
dem-2895	173	16	for	for	ADP
dem-2895	173	17	margins	margin	NOUN
dem-2895	173	18	”	"	PUNCT
dem-2895	173	19	(	(	PUNCT
dem-2895	173	20	joe	joe	PROPN
dem-2895	173	21	,	,	PUNCT
dem-2895	173	22	xu	xu	PROPN
dem-2895	173	23	1996	1996	NUM
dem-2895	173	24	;	;	PUNCT
dem-2895	173	25	joe	joe	PROPN
dem-2895	173	26	,	,	PUNCT
dem-2895	173	27	1997	1997	NUM
dem-2895	173	28	)	)	PUNCT
dem-2895	173	29	,	,	PUNCT
dem-2895	173	30	is	be	AUX
dem-2895	173	31	not	not	PART
dem-2895	173	32	fully	fully	ADV
dem-2895	173	33	efficient	efficient	ADJ
dem-2895	173	34	but	but	CCONJ
dem-2895	173	35	there	there	PRON
dem-2895	173	36	are	be	VERB
dem-2895	173	37	simulation	simulation	NOUN
dem-2895	173	38	results	result	NOUN
dem-2895	173	39	that	that	PRON
dem-2895	173	40	motivate	motivate	VERB
dem-2895	173	41	this	this	DET
dem-2895	173	42	approach	approach	NOUN
dem-2895	173	43	(	(	PUNCT
dem-2895	173	44	patton	patton	PROPN
dem-2895	173	45	,	,	PUNCT
dem-2895	173	46	2009	2009	NUM
dem-2895	173	47	)	)	PUNCT
dem-2895	173	48	.	.	PUNCT
dem-2895	174	1	to	to	PART
dem-2895	174	2	describe	describe	VERB
dem-2895	174	3	marginal	marginal	ADJ
dem-2895	174	4	distributions	distribution	NOUN
dem-2895	174	5	,	,	PUNCT
dem-2895	174	6	we	we	PRON
dem-2895	174	7	use	use	VERB
dem-2895	174	8	arma	arma	ADJ
dem-2895	174	9	-	-	PUNCT
dem-2895	174	10	garch	garch	NOUN
dem-2895	174	11	models	model	NOUN
dem-2895	174	12	.	.	PUNCT
dem-2895	175	1	the	the	DET
dem-2895	175	2	estimation	estimation	NOUN
dem-2895	175	3	of	of	ADP
dem-2895	175	4	the	the	DET
dem-2895	175	5	parameters	parameter	NOUN
dem-2895	175	6	of	of	ADP
dem-2895	175	7	the	the	DET
dem-2895	175	8	marginal	marginal	ADJ
dem-2895	175	9	distributions	distribution	NOUN
dem-2895	175	10	(	(	PUNCT
dem-2895	175	11	arma	arma	NOUN
dem-2895	175	12	-	-	PUNCT
dem-2895	175	13	garch	garch	NOUN
dem-2895	175	14	)	)	PUNCT
dem-2895	175	15	was	be	AUX
dem-2895	175	16	performed	perform	VERB
dem-2895	175	17	using	use	VERB
dem-2895	175	18	g@rch6.2	g@rch6.2	PROPN
dem-2895	175	19	package	package	NOUN
dem-2895	175	20	(	(	PUNCT
dem-2895	175	21	laurent	laurent	NOUN
dem-2895	175	22	,	,	PUNCT
dem-2895	175	23	2009	2009	NUM
dem-2895	175	24	;	;	PUNCT
dem-2895	175	25	doornik	doornik	X
dem-2895	175	26	,	,	PUNCT
dem-2895	175	27	2006	2006	NUM
dem-2895	175	28	)	)	PUNCT
dem-2895	175	29	.	.	PUNCT
dem-2895	176	1	figure	figure	VERB
dem-2895	176	2	4	4	NUM
dem-2895	176	3	.	.	PUNCT
dem-2895	177	1	volatility	volatility	NOUN
dem-2895	177	2	estimates	estimate	NOUN
dem-2895	177	3	for	for	ADP
dem-2895	177	4	the	the	DET
dem-2895	177	5	indices	index	NOUN
dem-2895	177	6	dax	dax	PROPN
dem-2895	177	7	,	,	PUNCT
dem-2895	177	8	s&p	s&p	PROPN
dem-2895	177	9	500	500	NUM
dem-2895	177	10	,	,	PUNCT
dem-2895	177	11	bux	bux	NOUN
dem-2895	177	12	,	,	PUNCT
dem-2895	177	13	wig20	wig20	PROPN
dem-2895	177	14	,	,	PUNCT
dem-2895	177	15	and	and	CCONJ
dem-2895	177	16	px	px	NOUN
dem-2895	177	17	for	for	ADP
dem-2895	177	18	the	the	DET
dem-2895	177	19	period	period	NOUN
dem-2895	177	20	may	may	AUX
dem-2895	177	21	5	5	NUM
dem-2895	177	22	,	,	PUNCT
dem-2895	177	23	2004	2004	NUM
dem-2895	177	24	–	–	PUNCT
dem-2895	177	25	july	july	PROPN
dem-2895	177	26	20	20	NUM
dem-2895	177	27	,	,	PUNCT
dem-2895	177	28	2012	2012	NUM
dem-2895	177	29	in	in	ADP
dem-2895	177	30	table	table	NOUN
dem-2895	177	31	1	1	NUM
dem-2895	177	32	,	,	PUNCT
dem-2895	177	33	the	the	DET
dem-2895	177	34	parameter	parameter	NOUN
dem-2895	177	35	estimates	estimate	NOUN
dem-2895	177	36	of	of	ADP
dem-2895	177	37	best	good	ADJ
dem-2895	177	38	fitted	fit	VERB
dem-2895	177	39	models	model	NOUN
dem-2895	177	40	are	be	AUX
dem-2895	177	41	presented	present	VERB
dem-2895	177	42	.	.	PUNCT
dem-2895	178	1	in	in	ADP
dem-2895	178	2	the	the	DET
dem-2895	178	3	case	case	NOUN
dem-2895	178	4	of	of	ADP
dem-2895	178	5	the	the	DET
dem-2895	178	6	wig20	wig20	PROPN
dem-2895	178	7	,	,	PUNCT
dem-2895	178	8	the	the	DET
dem-2895	178	9	best	well	ADV
dem-2895	178	10	fitted	fit	VERB
dem-2895	178	11	model	model	NOUN
dem-2895	178	12	is	be	AUX
dem-2895	178	13	garch(3,1	garch(3,1	NOUN
dem-2895	178	14	)	)	PUNCT
dem-2895	178	15	with	with	ADP
dem-2895	178	16	the	the	DET
dem-2895	178	17	innovation	innovation	NOUN
dem-2895	178	18	term	term	NOUN
dem-2895	178	19	following	follow	VERB
dem-2895	178	20	a	a	DET
dem-2895	178	21	standardized	standardized	ADJ
dem-2895	178	22	student	student	NOUN
dem-2895	178	23	t	t	NOUN
dem-2895	178	24	distribution	distribution	NOUN
dem-2895	178	25	.	.	PUNCT
dem-2895	179	1	the	the	DET
dem-2895	179	2	result	result	NOUN
dem-2895	179	3	indicates	indicate	VERB
dem-2895	179	4	lack	lack	NOUN
dem-2895	179	5	of	of	ADP
dem-2895	179	6	asymmetry	asymmetry	NOUN
dem-2895	179	7	in	in	ADP
dem-2895	179	8	volatility	volatility	NOUN
dem-2895	179	9	dynamics	dynamic	NOUN
dem-2895	179	10	.	.	PUNCT
dem-2895	180	1	for	for	ADP
dem-2895	180	2	all	all	DET
dem-2895	180	3	the	the	DET
dem-2895	180	4	other	other	ADJ
dem-2895	180	5	indices	index	NOUN
dem-2895	180	6	,	,	PUNCT
dem-2895	180	7	the	the	DET
dem-2895	180	8	chosen	choose	VERB
dem-2895	180	9	volatility	volatility	NOUN
dem-2895	180	10	models	model	NOUN
dem-2895	180	11	are	be	AUX
dem-2895	180	12	arma	arma	ADJ
dem-2895	180	13	-	-	PUNCT
dem-2895	180	14	gjr	gjr	ADJ
dem-2895	180	15	-	-	PUNCT
dem-2895	180	16	garch	garch	NOUN
dem-2895	180	17	models	model	NOUN
dem-2895	180	18	specified	specify	VERB
dem-2895	180	19	as	as	ADP
dem-2895	180	20	:	:	SYM
dem-2895	180	21	0	0	NUM
dem-2895	180	22	10	10	NUM
dem-2895	180	23	20	20	NUM
dem-2895	180	24	30	30	NUM
dem-2895	180	25	40	40	NUM
dem-2895	180	26	50	50	NUM
dem-2895	180	27	60	60	NUM
dem-2895	180	28	70	70	NUM
dem-2895	180	29	80	80	NUM
dem-2895	180	30	05/05/2004	05/05/2004	NUM
dem-2895	180	31	12/15/2004	12/15/2004	NUM
dem-2895	180	32	07/29/2005	07/29/2005	NUM
dem-2895	181	1	03/08/2006	03/08/2006	NUM
dem-2895	181	2	10/20/2006	10/20/2006	NUM
dem-2895	181	3	06/11/2007	06/11/2007	NUM
dem-2895	181	4	01/25/2008	01/25/2008	NOUN
dem-2895	181	5	09/04/2008	09/04/2008	NOUN
dem-2895	181	6	04/21/2009	04/21/2009	NUM
dem-2895	181	7	12/03/2009	12/03/2009	NUM
dem-2895	181	8	07/19/2010	07/19/2010	NUM
dem-2895	181	9	02/25/2011	02/25/2011	NUM
dem-2895	181	10	10/10/2011	10/10/2011	NUM
dem-2895	181	11	05/25/2012	05/25/2012	NUM
dem-2895	181	12	dax	dax	PROPN
dem-2895	181	13	s&p500	s&p500	PROPN
dem-2895	181	14	bux	bux	PROPN
dem-2895	181	15	wig20	wig20	PROPN
dem-2895	181	16	px	px	PROPN
dem-2895	181	17	małgorzata	małgorzata	PROPN
dem-2895	181	18	doman	doman	PROPN
dem-2895	181	19	,	,	PUNCT
dem-2895	181	20	ryszard	ryszard	NOUN
dem-2895	181	21	doman	doman	PROPN
dem-2895	181	22	dynamic	dynamic	ADJ
dem-2895	181	23	econometric	econometric	ADJ
dem-2895	181	24	models	model	NOUN
dem-2895	181	25	13	13	NUM
dem-2895	181	26	(	(	PUNCT
dem-2895	181	27	2013	2013	NUM
dem-2895	181	28	)	)	PUNCT
dem-2895	181	29	5–31	5–31	PROPN
dem-2895	181	30	18	18	NUM
dem-2895	181	31	,	,	PUNCT
dem-2895	181	32	)	)	PUNCT
dem-2895	181	33	(	(	PUNCT
dem-2895	181	34	11	11	NUM
dem-2895	181	35	t	t	NOUN
dem-2895	181	36	q	q	NOUN
dem-2895	182	1	i	i	PRON
dem-2895	183	1	iti	iti	INTJ
dem-2895	183	2	p	p	NOUN
dem-2895	184	1	i	i	PRON
dem-2895	184	2	itit	itit	VERB
dem-2895	184	3	yybrar	yybrar	NOUN
dem-2895	185	1	+	+	NOUN
dem-2895	185	2	+	+	ADJ
dem-2895	185	3	−=−	−=−	NUM
dem-2895	185	4	∑∑	∑∑	NUM
dem-2895	185	5	=	=	PUNCT
dem-2895	186	1	−	−	PROPN
dem-2895	186	2	=	=	PUNCT
dem-2895	186	3	−	−	PROPN
dem-2895	186	4	μμ	μμ	PROPN
dem-2895	186	5	(	(	PUNCT
dem-2895	186	6	35	35	NUM
dem-2895	186	7	)	)	PUNCT
dem-2895	186	8	,	,	PUNCT
dem-2895	186	9	ttty	ttty	NOUN
dem-2895	186	10	εσ=	εσ=	PROPN
dem-2895	186	11	(	(	PUNCT
dem-2895	186	12	36	36	NUM
dem-2895	186	13	)	)	PUNCT
dem-2895	186	14	(	(	PUNCT
dem-2895	186	15	)	)	PUNCT
dem-2895	186	16	(	(	PUNCT
dem-2895	186	17	)	)	PUNCT
dem-2895	186	18	2	2	NUM
dem-2895	186	19	2	2	NUM
dem-2895	186	20	2	2	NUM
dem-2895	186	21	2	2	NUM
dem-2895	186	22	1	1	NUM
dem-2895	186	23	1	1	NUM
dem-2895	186	24	0	0	NUM
dem-2895	186	25	,	,	PUNCT
dem-2895	186	26	q	q	PROPN
dem-2895	187	1	p	p	NOUN
dem-2895	187	2	t	t	X
dem-2895	188	1	i	i	PRON
dem-2895	188	2	t	t	X
dem-2895	189	1	i	i	PRON
dem-2895	190	1	i	i	PRON
dem-2895	190	2	t	t	VERB
dem-2895	191	1	i	i	PRON
dem-2895	191	2	t	t	VERB
dem-2895	192	1	i	i	PRON
dem-2895	192	2	j	j	PROPN
dem-2895	193	1	t	t	PROPN
dem-2895	193	2	j	j	PROPN
dem-2895	194	1	i	i	PRON
dem-2895	194	2	j	j	PROPN
dem-2895	195	1	y	y	INTJ
dem-2895	195	2	i	i	PRON
dem-2895	195	3	y	y	VERB
dem-2895	195	4	yσ	yσ	VERB
dem-2895	195	5	ω	ω	NUM
dem-2895	195	6	α	α	PROPN
dem-2895	195	7	γ	γ	X
dem-2895	195	8	β	β	X
dem-2895	195	9	σ−	σ−	NOUN
dem-2895	195	10	−	−	PROPN
dem-2895	195	11	−	−	NOUN
dem-2895	195	12	−	−	NOUN
dem-2895	196	1	=	=	PUNCT
dem-2895	196	2	=	=	PUNCT
dem-2895	196	3	=	=	PUNCT
dem-2895	197	1	+	+	PUNCT
dem-2895	198	1	+	+	CCONJ
dem-2895	198	2	<	<	X
dem-2895	198	3	+	+	ADJ
dem-2895	198	4	∑	∑	PROPN
dem-2895	198	5	∑	∑	PROPN
dem-2895	198	6	(	(	PUNCT
dem-2895	198	7	37	37	NUM
dem-2895	198	8	)	)	PUNCT
dem-2895	198	9	where	where	SCONJ
dem-2895	198	10	i	i	PRON
dem-2895	198	11	is	be	AUX
dem-2895	198	12	the	the	DET
dem-2895	198	13	indicator	indicator	NOUN
dem-2895	198	14	function	function	NOUN
dem-2895	198	15	.	.	PUNCT
dem-2895	199	1	table	table	NOUN
dem-2895	199	2	1	1	NUM
dem-2895	199	3	.	.	PUNCT
dem-2895	200	1	parameter	parameter	NOUN
dem-2895	200	2	estimates	estimate	NOUN
dem-2895	200	3	for	for	ADP
dem-2895	200	4	fitted	fit	VERB
dem-2895	200	5	gjr	gjr	NOUN
dem-2895	200	6	-	-	PUNCT
dem-2895	200	7	garch	garch	NOUN
dem-2895	200	8	models	model	NOUN
dem-2895	200	9	parameters	parameter	NOUN
dem-2895	200	10	bux	bux	PROPN
dem-2895	200	11	px	px	PROPN
dem-2895	200	12	wig20	wig20	PROPN
dem-2895	200	13	dax	dax	PROPN
dem-2895	200	14	s&p500	s&p500	PROPN
dem-2895	200	15	μ	μ	PROPN
dem-2895	200	16	0.0542	0.0542	NUM
dem-2895	200	17	(	(	PUNCT
dem-2895	200	18	0.0294	0.0294	NUM
dem-2895	200	19	)	)	PUNCT
dem-2895	200	20	0.0586	0.0586	NUM
dem-2895	200	21	(	(	PUNCT
dem-2895	200	22	0.0239	0.0239	NUM
dem-2895	200	23	)	)	PUNCT
dem-2895	200	24	0.0563	0.0563	NUM
dem-2895	200	25	(	(	PUNCT
dem-2895	200	26	0.0278	0.0278	NUM
dem-2895	200	27	)	)	PUNCT
dem-2895	200	28	0.0313	0.0313	NUM
dem-2895	200	29	(	(	PUNCT
dem-2895	200	30	0.157	0.157	NUM
dem-2895	200	31	)	)	PUNCT
dem-2895	200	32	1a	1a	NOUN
dem-2895	200	33	0	0	NUM
dem-2895	201	1	0.0257	0.0257	NUM
dem-2895	201	2	(	(	PUNCT
dem-2895	201	3	0.0249	0.0249	NUM
dem-2895	201	4	)	)	PUNCT
dem-2895	201	5	0.6577	0.6577	NUM
dem-2895	201	6	(	(	PUNCT
dem-2895	201	7	0.1084	0.1084	NUM
dem-2895	201	8	)	)	PUNCT
dem-2895	201	9	2a	2a	NUM
dem-2895	201	10	–	–	PUNCT
dem-2895	201	11	0.0550	0.0550	NUM
dem-2895	201	12	(	(	PUNCT
dem-2895	201	13	0.0226	0.0226	NUM
dem-2895	201	14	)	)	PUNCT
dem-2895	201	15	–	–	PUNCT
dem-2895	201	16	0.005	0.005	NUM
dem-2895	201	17	(	(	PUNCT
dem-2895	201	18	0.0236	0.0236	NUM
dem-2895	201	19	)	)	PUNCT
dem-2895	201	20	1b	1b	NUM
dem-2895	201	21	–	–	PUNCT
dem-2895	201	22	0.7240	0.7240	NUM
dem-2895	201	23	(	(	PUNCT
dem-2895	201	24	0.0987	0.0987	NUM
dem-2895	201	25	)	)	PUNCT
dem-2895	202	1	ω	ω	NUM
dem-2895	202	2	0.0743	0.0743	NUM
dem-2895	202	3	(	(	PUNCT
dem-2895	202	4	0.0221	0.0221	NUM
dem-2895	202	5	)	)	PUNCT
dem-2895	202	6	0.0622	0.0622	NUM
dem-2895	202	7	(	(	PUNCT
dem-2895	202	8	0.0166	0.0166	NUM
dem-2895	202	9	)	)	PUNCT
dem-2895	202	10	0.0309	0.0309	NUM
dem-2895	202	11	(	(	PUNCT
dem-2895	202	12	0.0099	0.0099	NUM
dem-2895	202	13	)	)	PUNCT
dem-2895	202	14	0.0146	0.0146	NUM
dem-2895	202	15	(	(	PUNCT
dem-2895	202	16	0.0053	0.0053	NUM
dem-2895	202	17	)	)	PUNCT
dem-2895	202	18	1α	1α	NOUN
dem-2895	202	19	0.0581	0.0581	PROPN
dem-2895	202	20	(	(	PUNCT
dem-2895	202	21	0.0206	0.0206	NUM
dem-2895	202	22	)	)	PUNCT
dem-2895	202	23	0.0919	0.0919	NUM
dem-2895	202	24	(	(	PUNCT
dem-2895	202	25	0.0193	0.0193	NUM
dem-2895	202	26	)	)	PUNCT
dem-2895	202	27	0	0	NUM
dem-2895	202	28	–	–	PUNCT
dem-2895	202	29	0.0214	0.0214	NUM
dem-2895	202	30	(	(	PUNCT
dem-2895	202	31	0.0095	0.0095	NUM
dem-2895	202	32	)	)	PUNCT
dem-2895	202	33	–	–	PUNCT
dem-2895	202	34	0.0860	0.0860	NUM
dem-2895	202	35	(	(	PUNCT
dem-2895	202	36	0.0097	0.0097	NUM
dem-2895	202	37	)	)	PUNCT
dem-2895	202	38	2α	2α	NOUN
dem-2895	202	39	0	0	NUM
dem-2895	202	40	0	0	NUM
dem-2895	202	41	3α	3α	NUM
dem-2895	202	42	0.1040	0.1040	NUM
dem-2895	202	43	(	(	PUNCT
dem-2895	202	44	0.0202	0.0202	NUM
dem-2895	202	45	)	)	PUNCT
dem-2895	202	46	0.0828	0.0828	NUM
dem-2895	202	47	(	(	PUNCT
dem-2895	202	48	0.0153	0.0153	NUM
dem-2895	202	49	)	)	PUNCT
dem-2895	202	50	1γ	1γ	NUM
dem-2895	202	51	0.0859	0.0859	NUM
dem-2895	202	52	(	(	PUNCT
dem-2895	202	53	0.0255	0.0255	NUM
dem-2895	202	54	)	)	PUNCT
dem-2895	202	55	0.0898	0.0898	NUM
dem-2895	202	56	(	(	PUNCT
dem-2895	202	57	0.0332	0.0332	NUM
dem-2895	202	58	)	)	PUNCT
dem-2895	202	59	0.1784	0.1784	NUM
dem-2895	202	60	(	(	PUNCT
dem-2895	202	61	0.0376	0.0376	NUM
dem-2895	202	62	)	)	PUNCT
dem-2895	202	63	0.0952	0.0952	NUM
dem-2895	202	64	(	(	PUNCT
dem-2895	202	65	0.0317	0.0317	NUM
dem-2895	202	66	)	)	PUNCT
dem-2895	202	67	2γ	2γ	NOUN
dem-2895	202	68	0.1876	0.1876	NUM
dem-2895	202	69	(	(	PUNCT
dem-2895	202	70	0.0568	0.0568	NUM
dem-2895	202	71	)	)	PUNCT
dem-2895	202	72	3γ	3γ	NUM
dem-2895	202	73	–	–	PUNCT
dem-2895	202	74	0.1644	0.1644	NUM
dem-2895	202	75	(	(	PUNCT
dem-2895	202	76	0.0283	0.0283	NUM
dem-2895	202	77	)	)	PUNCT
dem-2895	202	78	1β	1β	NUM
dem-2895	202	79	0.8741	0.8741	NUM
dem-2895	202	80	(	(	PUNCT
dem-2895	202	81	0.0255	0.0255	NUM
dem-2895	202	82	)	)	PUNCT
dem-2895	202	83	0.8351	0.8351	NOUN
dem-2895	202	84	(	(	PUNCT
dem-2895	202	85	0.0227	0.0227	NUM
dem-2895	202	86	)	)	PUNCT
dem-2895	202	87	0.8833	0.8833	NUM
dem-2895	202	88	(	(	PUNCT
dem-2895	202	89	0.0212	0.0212	NUM
dem-2895	202	90	)	)	PUNCT
dem-2895	202	91	0.9177	0.9177	NUM
dem-2895	202	92	(	(	PUNCT
dem-2895	202	93	0.0182	0.0182	NUM
dem-2895	202	94	)	)	PUNCT
dem-2895	202	95	0.9106	0.9106	NUM
dem-2895	202	96	(	(	PUNCT
dem-2895	202	97	0.0204	0.0204	NUM
dem-2895	202	98	)	)	PUNCT
dem-2895	202	99	ξln	ξln	NOUN
dem-2895	202	100	–	–	PUNCT
dem-2895	202	101	0.0842	0.0842	NUM
dem-2895	202	102	(	(	PUNCT
dem-2895	202	103	0.0289	0.0289	NUM
dem-2895	202	104	)	)	PUNCT
dem-2895	202	105	–	–	PUNCT
dem-2895	202	106	0.1475	0.1475	NUM
dem-2895	202	107	(	(	PUNCT
dem-2895	202	108	0.0263	0.0263	NUM
dem-2895	202	109	)	)	PUNCT
dem-2895	202	110	–	–	PUNCT
dem-2895	202	111	0.1644	0.1644	NUM
dem-2895	202	112	(	(	PUNCT
dem-2895	202	113	0.0283	0.0283	NUM
dem-2895	202	114	)	)	PUNCT
dem-2895	202	115	df	df	NOUN
dem-2895	202	116	10.2987	10.2987	NUM
dem-2895	202	117	(	(	PUNCT
dem-2895	202	118	2.0213	2.0213	NUM
dem-2895	202	119	)	)	PUNCT
dem-2895	202	120	6.9791	6.9791	NUM
dem-2895	202	121	(	(	PUNCT
dem-2895	202	122	1.0306	1.0306	NUM
dem-2895	202	123	)	)	PUNCT
dem-2895	202	124	8,8613	8,8613	NOUN
dem-2895	202	125	(	(	PUNCT
dem-2895	202	126	1.5857	1.5857	NUM
dem-2895	202	127	)	)	PUNCT
dem-2895	202	128	8.7099	8.7099	NUM
dem-2895	202	129	(	(	PUNCT
dem-2895	202	130	1.7851	1.7851	NUM
dem-2895	202	131	)	)	PUNCT
dem-2895	202	132	7.0120	7.0120	NUM
dem-2895	202	133	(	(	PUNCT
dem-2895	202	134	1.1411	1.1411	NUM
dem-2895	202	135	)	)	PUNCT
dem-2895	202	136	figure	figure	NOUN
dem-2895	202	137	4	4	NUM
dem-2895	202	138	presents	present	VERB
dem-2895	202	139	the	the	DET
dem-2895	202	140	plots	plot	NOUN
dem-2895	202	141	of	of	ADP
dem-2895	202	142	volatility	volatility	NOUN
dem-2895	202	143	(	(	PUNCT
dem-2895	202	144	conditional	conditional	ADJ
dem-2895	202	145	variance	variance	NOUN
dem-2895	202	146	)	)	PUNCT
dem-2895	202	147	estimates	estimate	NOUN
dem-2895	202	148	from	from	ADP
dem-2895	202	149	fitted	fit	VERB
dem-2895	202	150	models	model	NOUN
dem-2895	202	151	for	for	ADP
dem-2895	202	152	the	the	DET
dem-2895	202	153	period	period	NOUN
dem-2895	202	154	from	from	ADP
dem-2895	202	155	may	may	PROPN
dem-2895	202	156	5	5	NUM
dem-2895	202	157	,	,	PUNCT
dem-2895	202	158	2004	2004	NUM
dem-2895	202	159	to	to	ADP
dem-2895	202	160	july	july	PROPN
dem-2895	202	161	20	20	NUM
dem-2895	202	162	,	,	PUNCT
dem-2895	202	163	2012	2012	NUM
dem-2895	202	164	.	.	PUNCT
dem-2895	203	1	the	the	DET
dem-2895	203	2	plots	plot	NOUN
dem-2895	203	3	allow	allow	VERB
dem-2895	203	4	to	to	PART
dem-2895	203	5	easy	easy	ADV
dem-2895	203	6	identify	identify	VERB
dem-2895	203	7	periods	period	NOUN
dem-2895	203	8	of	of	ADP
dem-2895	203	9	turmoil	turmoil	NOUN
dem-2895	203	10	in	in	ADP
dem-2895	203	11	financial	financial	ADJ
dem-2895	203	12	markets	market	NOUN
dem-2895	203	13	.	.	PUNCT
dem-2895	204	1	in	in	ADP
dem-2895	204	2	the	the	DET
dem-2895	204	3	considered	consider	VERB
dem-2895	204	4	period	period	NOUN
dem-2895	204	5	,	,	PUNCT
dem-2895	204	6	usually	usually	ADV
dem-2895	204	7	the	the	DET
dem-2895	204	8	px	px	PROPN
dem-2895	204	9	index	index	NOUN
dem-2895	204	10	exhibits	exhibit	VERB
dem-2895	204	11	the	the	DET
dem-2895	204	12	highest	high	ADJ
dem-2895	204	13	volatility	volatility	NOUN
dem-2895	204	14	level	level	NOUN
dem-2895	204	15	.	.	PUNCT
dem-2895	205	1	an	an	DET
dem-2895	205	2	explosion	explosion	NOUN
dem-2895	205	3	of	of	ADP
dem-2895	205	4	volatility	volatility	NOUN
dem-2895	205	5	visible	visible	ADJ
dem-2895	205	6	in	in	ADP
dem-2895	205	7	figure	figure	NOUN
dem-2895	205	8	4	4	NUM
dem-2895	205	9	is	be	AUX
dem-2895	205	10	the	the	DET
dem-2895	205	11	result	result	NOUN
dem-2895	205	12	of	of	ADP
dem-2895	205	13	a	a	DET
dem-2895	205	14	panic	panic	NOUN
dem-2895	205	15	after	after	ADP
dem-2895	205	16	the	the	DET
dem-2895	205	17	dynamics	dynamic	NOUN
dem-2895	205	18	and	and	CCONJ
dem-2895	205	19	strength	strength	NOUN
dem-2895	205	20	of	of	ADP
dem-2895	205	21	linkages	linkage	NOUN
dem-2895	205	22	between	between	ADP
dem-2895	205	23	the	the	DET
dem-2895	205	24	stock	stock	NOUN
dem-2895	205	25	markets	market	NOUN
dem-2895	205	26	…	…	PUNCT
dem-2895	205	27	dynamic	dynamic	ADJ
dem-2895	205	28	econometric	econometric	ADJ
dem-2895	205	29	models	model	NOUN
dem-2895	205	30	3	3	NUM
dem-2895	205	31	(	(	PUNCT
dem-2895	205	32	2013	2013	NUM
dem-2895	205	33	)	)	PUNCT
dem-2895	205	34	5–31	5–31	PROPN
dem-2895	205	35	19	19	NUM
dem-2895	205	36	bankruptcy	bankruptcy	NOUN
dem-2895	205	37	of	of	ADP
dem-2895	205	38	lehman	lehman	PROPN
dem-2895	205	39	brothers	brother	NOUN
dem-2895	205	40	.	.	PUNCT
dem-2895	206	1	the	the	DET
dem-2895	206	2	peaks	peak	NOUN
dem-2895	206	3	in	in	ADP
dem-2895	206	4	the	the	DET
dem-2895	206	5	volatility	volatility	NOUN
dem-2895	206	6	of	of	ADP
dem-2895	206	7	the	the	DET
dem-2895	206	8	bux	bux	PROPN
dem-2895	206	9	and	and	CCONJ
dem-2895	206	10	px	px	PROPN
dem-2895	206	11	indices	index	NOUN
dem-2895	206	12	appearing	appear	VERB
dem-2895	206	13	just	just	ADV
dem-2895	206	14	after	after	ADP
dem-2895	206	15	october	october	PROPN
dem-2895	206	16	22	22	NUM
dem-2895	206	17	,	,	PUNCT
dem-2895	206	18	2008	2008	NUM
dem-2895	206	19	are	be	AUX
dem-2895	206	20	likely	likely	ADJ
dem-2895	206	21	to	to	PART
dem-2895	206	22	be	be	AUX
dem-2895	206	23	a	a	DET
dem-2895	206	24	reaction	reaction	NOUN
dem-2895	206	25	to	to	ADP
dem-2895	206	26	hungary	hungary	PROPN
dem-2895	206	27	’s	’s	PART
dem-2895	206	28	request	request	NOUN
dem-2895	206	29	for	for	ADP
dem-2895	206	30	financial	financial	ADJ
dem-2895	206	31	support	support	NOUN
dem-2895	206	32	directed	direct	VERB
dem-2895	206	33	to	to	ADP
dem-2895	206	34	the	the	DET
dem-2895	206	35	international	international	ADJ
dem-2895	206	36	monetary	monetary	ADJ
dem-2895	206	37	fund	fund	NOUN
dem-2895	206	38	.	.	PUNCT
dem-2895	207	1	4	4	X
dem-2895	207	2	.	.	X
dem-2895	207	3	the	the	DET
dem-2895	207	4	analysis	analysis	NOUN
dem-2895	207	5	of	of	ADP
dem-2895	207	6	dependencies	dependency	NOUN
dem-2895	207	7	modeling	model	VERB
dem-2895	207	8	the	the	DET
dem-2895	207	9	dependencies	dependency	NOUN
dem-2895	207	10	between	between	ADP
dem-2895	207	11	the	the	DET
dem-2895	207	12	european	european	PROPN
dem-2895	207	13	and	and	CCONJ
dem-2895	207	14	the	the	DET
dem-2895	207	15	us	us	PROPN
dem-2895	207	16	market	market	NOUN
dem-2895	207	17	one	one	PRON
dem-2895	207	18	meets	meet	VERB
dem-2895	207	19	the	the	DET
dem-2895	207	20	problem	problem	NOUN
dem-2895	207	21	of	of	ADP
dem-2895	207	22	non	non	ADJ
dem-2895	207	23	-	-	ADJ
dem-2895	207	24	synchronic	synchronic	ADJ
dem-2895	207	25	observations	observation	NOUN
dem-2895	207	26	due	due	ADP
dem-2895	207	27	to	to	ADP
dem-2895	207	28	different	different	ADJ
dem-2895	207	29	trading	trading	NOUN
dem-2895	207	30	hours	hour	NOUN
dem-2895	207	31	.	.	PUNCT
dem-2895	208	1	there	there	PRON
dem-2895	208	2	is	be	VERB
dem-2895	208	3	no	no	DET
dem-2895	208	4	a	a	DET
dem-2895	208	5	really	really	ADV
dem-2895	208	6	good	good	ADJ
dem-2895	208	7	solution	solution	NOUN
dem-2895	208	8	to	to	ADP
dem-2895	208	9	this	this	DET
dem-2895	208	10	difficulty	difficulty	NOUN
dem-2895	208	11	.	.	PUNCT
dem-2895	209	1	the	the	DET
dem-2895	209	2	most	most	ADV
dem-2895	209	3	frequently	frequently	ADV
dem-2895	209	4	applied	apply	VERB
dem-2895	209	5	approaches	approach	NOUN
dem-2895	209	6	include	include	VERB
dem-2895	209	7	using	use	VERB
dem-2895	209	8	weekly	weekly	ADJ
dem-2895	209	9	data	datum	NOUN
dem-2895	209	10	(	(	PUNCT
dem-2895	209	11	thus	thus	ADV
dem-2895	209	12	losing	lose	VERB
dem-2895	209	13	much	much	ADJ
dem-2895	209	14	of	of	ADP
dem-2895	209	15	the	the	DET
dem-2895	209	16	available	available	ADJ
dem-2895	209	17	information	information	NOUN
dem-2895	209	18	)	)	PUNCT
dem-2895	209	19	,	,	PUNCT
dem-2895	209	20	interpolating	interpolate	VERB
dem-2895	209	21	the	the	DET
dem-2895	209	22	quotations	quotation	NOUN
dem-2895	209	23	beyond	beyond	ADP
dem-2895	209	24	the	the	DET
dem-2895	209	25	trading	trading	NOUN
dem-2895	209	26	hours	hour	NOUN
dem-2895	209	27	to	to	PART
dem-2895	209	28	get	get	VERB
dem-2895	209	29	simultaneous	simultaneous	ADJ
dem-2895	209	30	observations	observation	NOUN
dem-2895	209	31	(	(	PUNCT
dem-2895	209	32	thus	thus	ADV
dem-2895	209	33	introducing	introduce	VERB
dem-2895	209	34	additional	additional	ADJ
dem-2895	209	35	noise	noise	NOUN
dem-2895	209	36	)	)	PUNCT
dem-2895	209	37	,	,	PUNCT
dem-2895	209	38	or	or	CCONJ
dem-2895	209	39	analyzing	analyze	VERB
dem-2895	209	40	the	the	DET
dem-2895	209	41	observations	observation	NOUN
dem-2895	209	42	that	that	PRON
dem-2895	209	43	are	be	AUX
dem-2895	209	44	coincident	coincident	ADJ
dem-2895	209	45	but	but	CCONJ
dem-2895	209	46	locally	locally	ADV
dem-2895	209	47	come	come	VERB
dem-2895	209	48	from	from	ADP
dem-2895	209	49	different	different	ADJ
dem-2895	209	50	phases	phase	NOUN
dem-2895	209	51	of	of	ADP
dem-2895	209	52	a	a	DET
dem-2895	209	53	trading	trading	NOUN
dem-2895	209	54	day	day	NOUN
dem-2895	209	55	(	(	PUNCT
dem-2895	209	56	thus	thus	ADV
dem-2895	209	57	approving	approve	VERB
dem-2895	209	58	of	of	ADP
dem-2895	209	59	noise	noise	NOUN
dem-2895	209	60	caused	cause	VERB
dem-2895	209	61	by	by	ADP
dem-2895	209	62	microstructure	microstructure	ADJ
dem-2895	209	63	effects	effect	NOUN
dem-2895	209	64	)	)	PUNCT
dem-2895	209	65	.	.	PUNCT
dem-2895	210	1	in	in	ADP
dem-2895	210	2	our	our	PRON
dem-2895	210	3	research	research	NOUN
dem-2895	210	4	,	,	PUNCT
dem-2895	210	5	we	we	PRON
dem-2895	210	6	decided	decide	VERB
dem-2895	210	7	to	to	PART
dem-2895	210	8	use	use	VERB
dem-2895	210	9	the	the	DET
dem-2895	210	10	close	close	NOUN
dem-2895	210	11	to	to	PART
dem-2895	210	12	close	close	ADJ
dem-2895	210	13	returns	return	NOUN
dem-2895	210	14	,	,	PUNCT
dem-2895	210	15	but	but	CCONJ
dem-2895	210	16	in	in	ADP
dem-2895	210	17	the	the	DET
dem-2895	210	18	cases	case	NOUN
dem-2895	210	19	involving	involve	VERB
dem-2895	210	20	the	the	DET
dem-2895	210	21	s&p	s&p	PROPN
dem-2895	210	22	500	500	NUM
dem-2895	210	23	index	index	NOUN
dem-2895	210	24	we	we	PRON
dem-2895	210	25	investigate	investigate	VERB
dem-2895	210	26	two	two	NUM
dem-2895	210	27	types	type	NOUN
dem-2895	210	28	of	of	ADP
dem-2895	210	29	dependencies	dependency	NOUN
dem-2895	210	30	.	.	PUNCT
dem-2895	211	1	in	in	ADP
dem-2895	211	2	the	the	DET
dem-2895	211	3	first	first	ADJ
dem-2895	211	4	case	case	NOUN
dem-2895	211	5	the	the	DET
dem-2895	211	6	analysis	analysis	NOUN
dem-2895	211	7	is	be	AUX
dem-2895	211	8	performed	perform	VERB
dem-2895	211	9	for	for	ADP
dem-2895	211	10	the	the	DET
dem-2895	211	11	returns	return	NOUN
dem-2895	211	12	corresponding	correspond	VERB
dem-2895	211	13	to	to	ADP
dem-2895	211	14	the	the	DET
dem-2895	211	15	same	same	ADJ
dem-2895	211	16	date	date	NOUN
dem-2895	211	17	,	,	PUNCT
dem-2895	211	18	and	and	CCONJ
dem-2895	211	19	in	in	ADP
dem-2895	211	20	the	the	DET
dem-2895	211	21	second	second	ADJ
dem-2895	211	22	–	–	PUNCT
dem-2895	211	23	for	for	ADP
dem-2895	211	24	the	the	DET
dem-2895	211	25	returns	return	NOUN
dem-2895	211	26	of	of	ADP
dem-2895	211	27	the	the	DET
dem-2895	211	28	s&p	s&p	PROPN
dem-2895	211	29	500	500	NUM
dem-2895	211	30	one	one	NUM
dem-2895	211	31	-	-	PUNCT
dem-2895	211	32	day	day	NOUN
dem-2895	211	33	lagged	lag	VERB
dem-2895	211	34	with	with	ADP
dem-2895	211	35	respect	respect	NOUN
dem-2895	211	36	to	to	ADP
dem-2895	211	37	the	the	DET
dem-2895	211	38	returns	return	NOUN
dem-2895	211	39	on	on	ADP
dem-2895	211	40	the	the	DET
dem-2895	211	41	european	european	ADJ
dem-2895	211	42	indices	index	NOUN
dem-2895	211	43	,	,	PUNCT
dem-2895	211	44	denoted	denote	VERB
dem-2895	211	45	as	as	ADP
dem-2895	211	46	s&p	s&p	PROPN
dem-2895	211	47	500(–1	500(–1	NUM
dem-2895	211	48	)	)	PUNCT
dem-2895	211	49	.	.	PUNCT
dem-2895	212	1	a	a	DET
dem-2895	212	2	part	part	NOUN
dem-2895	212	3	of	of	ADP
dem-2895	212	4	the	the	DET
dem-2895	212	5	results	result	NOUN
dem-2895	212	6	concerning	concern	VERB
dem-2895	212	7	the	the	DET
dem-2895	212	8	wig20	wig20	PROPN
dem-2895	212	9	index	index	NOUN
dem-2895	212	10	was	be	AUX
dem-2895	212	11	first	first	ADV
dem-2895	212	12	published	publish	VERB
dem-2895	212	13	in	in	ADP
dem-2895	212	14	polish	polish	PROPN
dem-2895	212	15	(	(	PUNCT
dem-2895	212	16	doman	doman	PROPN
dem-2895	212	17	,	,	PUNCT
dem-2895	212	18	doman	doman	NOUN
dem-2895	212	19	,	,	PUNCT
dem-2895	212	20	2013	2013	NUM
dem-2895	212	21	)	)	PUNCT
dem-2895	212	22	.	.	PUNCT
dem-2895	213	1	we	we	PRON
dem-2895	213	2	quote	quote	VERB
dem-2895	213	3	them	they	PRON
dem-2895	213	4	here	here	ADV
dem-2895	213	5	for	for	ADP
dem-2895	213	6	the	the	DET
dem-2895	213	7	reader	reader	NOUN
dem-2895	213	8	’s	’s	PART
dem-2895	213	9	convenience	convenience	NOUN
dem-2895	213	10	.	.	PUNCT
dem-2895	214	1	tables	table	NOUN
dem-2895	214	2	2–4	2–4	PROPN
dem-2895	214	3	show	show	NOUN
dem-2895	214	4	parameter	parameter	NOUN
dem-2895	214	5	estimates	estimate	NOUN
dem-2895	214	6	of	of	ADP
dem-2895	214	7	the	the	DET
dem-2895	214	8	msc	msc	PROPN
dem-2895	214	9	models	model	NOUN
dem-2895	214	10	fitted	fit	VERB
dem-2895	214	11	to	to	ADP
dem-2895	214	12	the	the	DET
dem-2895	214	13	returns	return	NOUN
dem-2895	214	14	of	of	ADP
dem-2895	214	15	each	each	PRON
dem-2895	214	16	of	of	ADP
dem-2895	214	17	the	the	DET
dem-2895	214	18	considered	consider	VERB
dem-2895	214	19	pairs	pair	NOUN
dem-2895	214	20	of	of	ADP
dem-2895	214	21	the	the	DET
dem-2895	214	22	indices	index	NOUN
dem-2895	214	23	.	.	PUNCT
dem-2895	215	1	a	a	DET
dem-2895	215	2	large	large	ADJ
dem-2895	215	3	set	set	NOUN
dem-2895	215	4	of	of	ADP
dem-2895	215	5	copula	copula	NOUN
dem-2895	215	6	specifications	specification	NOUN
dem-2895	215	7	was	be	AUX
dem-2895	215	8	considered	consider	VERB
dem-2895	215	9	during	during	ADP
dem-2895	215	10	the	the	DET
dem-2895	215	11	fitting	fitting	ADJ
dem-2895	215	12	procedure	procedure	NOUN
dem-2895	215	13	.	.	PUNCT
dem-2895	216	1	taking	take	VERB
dem-2895	216	2	into	into	ADP
dem-2895	216	3	account	account	NOUN
dem-2895	216	4	the	the	DET
dem-2895	216	5	results	result	NOUN
dem-2895	216	6	by	by	ADP
dem-2895	216	7	doman	doman	NOUN
dem-2895	216	8	and	and	CCONJ
dem-2895	216	9	doman	doman	NOUN
dem-2895	216	10	(	(	PUNCT
dem-2895	216	11	2012	2012	NUM
dem-2895	216	12	)	)	PUNCT
dem-2895	216	13	,	,	PUNCT
dem-2895	216	14	we	we	PRON
dem-2895	216	15	considered	consider	VERB
dem-2895	216	16	msc	msc	NOUN
dem-2895	216	17	models	model	NOUN
dem-2895	216	18	with	with	ADP
dem-2895	216	19	3	3	NUM
dem-2895	216	20	and	and	CCONJ
dem-2895	216	21	2	2	NUM
dem-2895	216	22	regimes	regime	NOUN
dem-2895	216	23	,	,	PUNCT
dem-2895	216	24	and	and	CCONJ
dem-2895	216	25	static	static	ADJ
dem-2895	216	26	copula	copula	NOUN
dem-2895	216	27	models	model	NOUN
dem-2895	216	28	.	.	PUNCT
dem-2895	217	1	the	the	DET
dem-2895	217	2	best	good	ADJ
dem-2895	217	3	models	model	NOUN
dem-2895	217	4	are	be	AUX
dem-2895	217	5	selected	select	VERB
dem-2895	217	6	on	on	ADP
dem-2895	217	7	the	the	DET
dem-2895	217	8	basis	basis	NOUN
dem-2895	217	9	of	of	ADP
dem-2895	217	10	information	information	NOUN
dem-2895	217	11	criteria	criterion	NOUN
dem-2895	217	12	and	and	CCONJ
dem-2895	217	13	the	the	DET
dem-2895	217	14	results	result	NOUN
dem-2895	217	15	of	of	ADP
dem-2895	217	16	likelihood	likelihood	NOUN
dem-2895	217	17	ratio	ratio	NOUN
dem-2895	217	18	tests	test	NOUN
dem-2895	217	19	.	.	PUNCT
dem-2895	218	1	apart	apart	ADV
dem-2895	218	2	from	from	ADP
dem-2895	218	3	the	the	DET
dem-2895	218	4	pair	pair	NOUN
dem-2895	218	5	(	(	PUNCT
dem-2895	218	6	wig20	wig20	PROPN
dem-2895	218	7	,	,	PUNCT
dem-2895	218	8	s&p	s&p	PROPN
dem-2895	218	9	500	500	NUM
dem-2895	218	10	)	)	PUNCT
dem-2895	218	11	,	,	PUNCT
dem-2895	218	12	in	in	ADP
dem-2895	218	13	all	all	DET
dem-2895	218	14	cases	case	NOUN
dem-2895	218	15	we	we	PRON
dem-2895	218	16	apply	apply	VERB
dem-2895	218	17	2	2	NUM
dem-2895	218	18	-	-	PUNCT
dem-2895	218	19	regime	regime	NOUN
dem-2895	218	20	msc	msc	PROPN
dem-2895	218	21	models	model	NOUN
dem-2895	218	22	with	with	ADP
dem-2895	218	23	the	the	DET
dem-2895	218	24	first	first	ADJ
dem-2895	218	25	regime	regime	NOUN
dem-2895	218	26	described	describe	VERB
dem-2895	218	27	by	by	ADP
dem-2895	218	28	the	the	DET
dem-2895	218	29	gaussian	gaussian	ADJ
dem-2895	218	30	copula	copula	NOUN
dem-2895	218	31	and	and	CCONJ
dem-2895	218	32	the	the	DET
dem-2895	218	33	second	second	ADJ
dem-2895	218	34	characterized	characterize	VERB
dem-2895	218	35	by	by	ADP
dem-2895	218	36	the	the	DET
dem-2895	218	37	clayton	clayton	PROPN
dem-2895	218	38	or	or	CCONJ
dem-2895	218	39	the	the	DET
dem-2895	218	40	joe	joe	PROPN
dem-2895	218	41	-	-	PUNCT
dem-2895	218	42	clayton	clayton	PROPN
dem-2895	218	43	copula	copula	NOUN
dem-2895	218	44	.	.	PUNCT
dem-2895	219	1	so	so	ADV
dem-2895	219	2	,	,	PUNCT
dem-2895	219	3	in	in	ADP
dem-2895	219	4	the	the	DET
dem-2895	219	5	first	first	ADJ
dem-2895	219	6	regime	regime	NOUN
dem-2895	219	7	there	there	PRON
dem-2895	219	8	is	be	VERB
dem-2895	219	9	no	no	DET
dem-2895	219	10	dependence	dependence	NOUN
dem-2895	219	11	in	in	ADP
dem-2895	219	12	tails	tail	NOUN
dem-2895	219	13	,	,	PUNCT
dem-2895	219	14	and	and	CCONJ
dem-2895	219	15	in	in	ADP
dem-2895	219	16	the	the	DET
dem-2895	219	17	second	second	ADJ
dem-2895	219	18	at	at	ADP
dem-2895	219	19	least	least	ADJ
dem-2895	219	20	dependence	dependence	NOUN
dem-2895	219	21	in	in	ADP
dem-2895	219	22	lower	low	ADJ
dem-2895	219	23	tail	tail	NOUN
dem-2895	219	24	is	be	AUX
dem-2895	219	25	observed	observe	VERB
dem-2895	219	26	.	.	PUNCT
dem-2895	220	1	the	the	DET
dem-2895	220	2	plots	plot	NOUN
dem-2895	220	3	of	of	ADP
dem-2895	220	4	estimated	estimate	VERB
dem-2895	220	5	dynamic	dynamic	ADJ
dem-2895	220	6	dependence	dependence	NOUN
dem-2895	220	7	measures	measure	NOUN
dem-2895	220	8	are	be	AUX
dem-2895	220	9	presented	present	VERB
dem-2895	220	10	in	in	ADP
dem-2895	220	11	figures	figure	NOUN
dem-2895	220	12	5–8	5–8	NUM
dem-2895	220	13	.	.	PUNCT
dem-2895	221	1	the	the	DET
dem-2895	221	2	first	first	ADJ
dem-2895	221	3	impression	impression	NOUN
dem-2895	221	4	from	from	ADP
dem-2895	221	5	the	the	DET
dem-2895	221	6	pictures	picture	NOUN
dem-2895	221	7	is	be	AUX
dem-2895	221	8	that	that	SCONJ
dem-2895	221	9	the	the	DET
dem-2895	221	10	dependencies	dependency	NOUN
dem-2895	221	11	within	within	ADP
dem-2895	221	12	the	the	DET
dem-2895	221	13	group	group	NOUN
dem-2895	221	14	of	of	ADP
dem-2895	221	15	the	the	DET
dem-2895	221	16	central	central	ADJ
dem-2895	221	17	european	european	ADJ
dem-2895	221	18	markets	market	NOUN
dem-2895	221	19	are	be	AUX
dem-2895	221	20	stronger	strong	ADJ
dem-2895	221	21	and	and	CCONJ
dem-2895	221	22	exhibit	exhibit	VERB
dem-2895	221	23	stronger	strong	ADJ
dem-2895	221	24	dynamics	dynamic	NOUN
dem-2895	221	25	,	,	PUNCT
dem-2895	221	26	in	in	ADP
dem-2895	221	27	comparison	comparison	NOUN
dem-2895	221	28	with	with	ADP
dem-2895	221	29	their	their	PRON
dem-2895	221	30	linkages	linkage	NOUN
dem-2895	221	31	with	with	ADP
dem-2895	221	32	the	the	DET
dem-2895	221	33	considered	consider	VERB
dem-2895	221	34	developed	develop	VERB
dem-2895	221	35	markets	market	NOUN
dem-2895	221	36	.	.	PUNCT
dem-2895	222	1	it	it	PRON
dem-2895	222	2	means	mean	VERB
dem-2895	222	3	that	that	SCONJ
dem-2895	222	4	the	the	DET
dem-2895	222	5	linkages	linkage	NOUN
dem-2895	222	6	within	within	ADP
dem-2895	222	7	the	the	DET
dem-2895	222	8	group	group	NOUN
dem-2895	222	9	of	of	ADP
dem-2895	222	10	the	the	DET
dem-2895	222	11	central	central	ADJ
dem-2895	222	12	european	european	ADJ
dem-2895	222	13	markets	market	NOUN
dem-2895	222	14	are	be	AUX
dem-2895	222	15	more	more	ADV
dem-2895	222	16	sensitive	sensitive	ADJ
dem-2895	222	17	on	on	ADP
dem-2895	222	18	new	new	ADJ
dem-2895	222	19	information	information	NOUN
dem-2895	222	20	.	.	PUNCT
dem-2895	223	1	małgorzata	małgorzata	NOUN
dem-2895	223	2	doman	doman	PROPN
dem-2895	223	3	,	,	PUNCT
dem-2895	223	4	ryszard	ryszard	NOUN
dem-2895	223	5	doman	doman	PROPN
dem-2895	223	6	dynamic	dynamic	ADJ
dem-2895	223	7	econometric	econometric	ADJ
dem-2895	223	8	models	model	NOUN
dem-2895	223	9	13	13	NUM
dem-2895	223	10	(	(	PUNCT
dem-2895	223	11	2013	2013	NUM
dem-2895	223	12	)	)	PUNCT
dem-2895	223	13	5–31	5–31	PROPN
dem-2895	223	14	20	20	NUM
dem-2895	223	15	table	table	NOUN
dem-2895	223	16	2	2	NUM
dem-2895	223	17	.	.	PUNCT
dem-2895	223	18	linkages	linkage	NOUN
dem-2895	223	19	of	of	ADP
dem-2895	223	20	the	the	DET
dem-2895	223	21	bux	bux	NOUN
dem-2895	223	22	:	:	PUNCT
dem-2895	223	23	parameter	parameter	NOUN
dem-2895	223	24	estimates	estimate	NOUN
dem-2895	223	25	for	for	ADP
dem-2895	223	26	the	the	DET
dem-2895	223	27	msc	msc	PROPN
dem-2895	223	28	models	model	NOUN
dem-2895	223	29	.	.	PUNCT
dem-2895	224	1	standard	standard	ADJ
dem-2895	224	2	errors	error	NOUN
dem-2895	224	3	in	in	ADP
dem-2895	224	4	parentheses	parenthesis	NOUN
dem-2895	224	5	bux	bux	PROPN
dem-2895	224	6	and	and	CCONJ
dem-2895	224	7	px	px	PROPN
dem-2895	224	8	wig20	wig20	PROPN
dem-2895	224	9	dax	dax	PROPN
dem-2895	224	10	s&p	s&p	PROPN
dem-2895	224	11	500	500	NUM
dem-2895	224	12	s&p	s&p	PROPN
dem-2895	224	13	500(–1	500(–1	NUM
dem-2895	224	14	)	)	PUNCT
dem-2895	224	15	11p	11p	NOUN
dem-2895	224	16	0.9960	0.9960	NUM
dem-2895	224	17	0.9895	0.9895	NUM
dem-2895	224	18	0.9994	0.9994	NUM
dem-2895	224	19	0.9982	0.9982	NUM
dem-2895	224	20	0.9991	0.9991	NUM
dem-2895	224	21	22p	22p	NOUN
dem-2895	225	1	0.8957	0.8957	NUM
dem-2895	225	2	0.9702	0.9702	NUM
dem-2895	225	3	0.9987	0.9987	NUM
dem-2895	225	4	0.9964	0.9964	NUM
dem-2895	225	5	0.9991	0.9991	NUM
dem-2895	225	6	copula	copula	NOUN
dem-2895	225	7	in	in	ADP
dem-2895	225	8	regime	regime	NOUN
dem-2895	225	9	1	1	NUM
dem-2895	225	10	gauss	gauss	NOUN
dem-2895	225	11	ρc	ρc	PROPN
dem-2895	225	12	gauss	gauss	PROPN
dem-2895	225	13	ρc	ρc	PROPN
dem-2895	225	14	gauss	gauss	PROPN
dem-2895	225	15	ρc	ρc	PROPN
dem-2895	225	16	gauss	gauss	PROPN
dem-2895	225	17	ρc	ρc	PROPN
dem-2895	225	18	gauss	gauss	PROPN
dem-2895	225	19	ρc	ρc	VERB
dem-2895	225	20	ρ	ρ	PROPN
dem-2895	225	21	0.6658	0.6658	NUM
dem-2895	225	22	(	(	PUNCT
dem-2895	225	23	0.0183	0.0183	NUM
dem-2895	225	24	)	)	PUNCT
dem-2895	225	25	0.6799	0.6799	NUM
dem-2895	225	26	(	(	PUNCT
dem-2895	225	27	0.0216	0.0216	NUM
dem-2895	225	28	)	)	PUNCT
dem-2895	225	29	0.5937	0.5937	NUM
dem-2895	225	30	(	(	PUNCT
dem-2895	225	31	0.0157	0.0157	NUM
dem-2895	225	32	)	)	PUNCT
dem-2895	225	33	0.4260	0.4260	NUM
dem-2895	225	34	(	(	PUNCT
dem-2895	225	35	0.0275	0.0275	NUM
dem-2895	225	36	)	)	PUNCT
dem-2895	225	37	0.3089	0.3089	NUM
dem-2895	225	38	(	(	PUNCT
dem-2895	225	39	0.0343	0.0343	NUM
dem-2895	225	40	)	)	PUNCT
dem-2895	225	41	spearman	spearman	NOUN
dem-2895	225	42	’s	’s	PART
dem-2895	225	43	rho	rho	ADJ
dem-2895	225	44	0.6482	0.6482	NUM
dem-2895	225	45	0.6624	0.6624	NUM
dem-2895	225	46	0.5756	0.5756	NUM
dem-2895	225	47	0.4100	0.4100	NUM
dem-2895	225	48	0.2962	0.2962	NUM
dem-2895	225	49	copula	copula	NOUN
dem-2895	225	50	in	in	ADP
dem-2895	225	51	regime	regime	NOUN
dem-2895	225	52	2	2	NUM
dem-2895	225	53	clayton	clayton	PROPN
dem-2895	225	54	γc	γc	PROPN
dem-2895	225	55	claytonjoe	claytonjoe	PROPN
dem-2895	225	56	,	,	PUNCT
dem-2895	225	57	−	−	PROPN
dem-2895	225	58	γκc	γκc	VERB
dem-2895	225	59	clayton	clayton	PROPN
dem-2895	225	60	γc	γc	PROPN
dem-2895	225	61	clayton	clayton	PROPN
dem-2895	225	62	γc	γc	PROPN
dem-2895	225	63	clayton	clayton	PROPN
dem-2895	225	64	γc	γc	PROPN
dem-2895	225	65	κ	κ	PROPN
dem-2895	225	66	1.3925	1.3925	NUM
dem-2895	225	67	(	(	PUNCT
dem-2895	225	68	0.1281	0.1281	NUM
dem-2895	225	69	)	)	PUNCT
dem-2895	225	70	γ	γ	NOUN
dem-2895	225	71	0.4769	0.4769	NUM
dem-2895	225	72	(	(	PUNCT
dem-2895	225	73	0.1179	0.1179	NUM
dem-2895	225	74	)	)	PUNCT
dem-2895	225	75	0.4144	0.4144	NUM
dem-2895	225	76	(	(	PUNCT
dem-2895	225	77	0.1872	0.1872	NUM
dem-2895	225	78	)	)	PUNCT
dem-2895	225	79	0.3533	0.3533	NUM
dem-2895	225	80	(	(	PUNCT
dem-2895	225	81	0.0811	0.0811	NUM
dem-2895	225	82	)	)	PUNCT
dem-2895	225	83	0.1680	0.1680	NUM
dem-2895	225	84	(	(	PUNCT
dem-2895	225	85	0.0854	0.0854	NUM
dem-2895	225	86	)	)	PUNCT
dem-2895	225	87	0.1382	0.1382	NUM
dem-2895	225	88	(	(	PUNCT
dem-2895	225	89	0.0401	0.0401	NUM
dem-2895	225	90	)	)	PUNCT
dem-2895	225	91	lλ	lλ	NOUN
dem-2895	226	1	0.2338	0.2338	NUM
dem-2895	226	2	0.1878	0.1878	NUM
dem-2895	226	3	0.1406	0.1406	NUM
dem-2895	226	4	0.0162	0.0162	NUM
dem-2895	226	5	0.0066	0.0066	NUM
dem-2895	226	6	uλ	uλ	ADP
dem-2895	226	7	0.3549	0.3549	NUM
dem-2895	226	8	spearman	spearman	NOUN
dem-2895	226	9	’s	’s	PART
dem-2895	226	10	rho	rho	NOUN
dem-2895	226	11	0.2843	0.2843	NUM
dem-2895	226	12	0.4265	0.4265	NUM
dem-2895	226	13	0.2230	0.2230	NUM
dem-2895	226	14	0.1159	0.1159	NUM
dem-2895	226	15	0.0968	0.0968	NUM
dem-2895	226	16	figure	figure	NOUN
dem-2895	226	17	5	5	NUM
dem-2895	226	18	.	.	PUNCT
dem-2895	226	19	dependencies	dependency	NOUN
dem-2895	226	20	between	between	ADP
dem-2895	226	21	the	the	DET
dem-2895	226	22	bux	bux	PROPN
dem-2895	226	23	and	and	CCONJ
dem-2895	226	24	the	the	DET
dem-2895	226	25	other	other	ADJ
dem-2895	226	26	indices	index	NOUN
dem-2895	226	27	.	.	PUNCT
dem-2895	227	1	estimates	estimate	NOUN
dem-2895	227	2	of	of	ADP
dem-2895	227	3	spearman	spearman	NOUN
dem-2895	227	4	’s	’s	PART
dem-2895	227	5	rho	rho	ADJ
dem-2895	227	6	0	0	NUM
dem-2895	227	7	0,1	0,1	NUM
dem-2895	227	8	0,2	0,2	NUM
dem-2895	227	9	0,3	0,3	NUM
dem-2895	227	10	0,4	0,4	NUM
dem-2895	227	11	0,5	0,5	NUM
dem-2895	227	12	0,6	0,6	NUM
dem-2895	227	13	0,7	0,7	NUM
dem-2895	227	14	05/05/2004	05/05/2004	NUM
dem-2895	227	15	12/15/2004	12/15/2004	NUM
dem-2895	227	16	07/29/2005	07/29/2005	NUM
dem-2895	227	17	03/08/2006	03/08/2006	NUM
dem-2895	227	18	10/20/2006	10/20/2006	NUM
dem-2895	227	19	06/11/2007	06/11/2007	NUM
dem-2895	227	20	01/25/2008	01/25/2008	NOUN
dem-2895	227	21	09/04/2008	09/04/2008	NOUN
dem-2895	227	22	04/21/2009	04/21/2009	NUM
dem-2895	227	23	12/03/2009	12/03/2009	NUM
dem-2895	227	24	07/19/2010	07/19/2010	NUM
dem-2895	227	25	02/25/2011	02/25/2011	NUM
dem-2895	228	1	10/10/2011	10/10/2011	NUM
dem-2895	228	2	05/25/2012	05/25/2012	NUM
dem-2895	229	1	px	px	NOUN
dem-2895	229	2	wig20	wig20	AUX
dem-2895	229	3	dax	dax	PROPN
dem-2895	229	4	s&p500	s&p500	PROPN
dem-2895	229	5	s&p	s&p	PROPN
dem-2895	229	6	 	 	SPACE
dem-2895	229	7	lag	lag	VERB
dem-2895	229	8	the	the	DET
dem-2895	229	9	dynamics	dynamic	NOUN
dem-2895	229	10	and	and	CCONJ
dem-2895	229	11	strength	strength	NOUN
dem-2895	229	12	of	of	ADP
dem-2895	229	13	linkages	linkage	NOUN
dem-2895	229	14	between	between	ADP
dem-2895	229	15	the	the	DET
dem-2895	229	16	stock	stock	NOUN
dem-2895	229	17	markets	market	NOUN
dem-2895	229	18	…	…	PUNCT
dem-2895	229	19	dynamic	dynamic	ADJ
dem-2895	229	20	econometric	econometric	ADJ
dem-2895	229	21	models	model	NOUN
dem-2895	229	22	3	3	NUM
dem-2895	229	23	(	(	PUNCT
dem-2895	229	24	2013	2013	NUM
dem-2895	229	25	)	)	PUNCT
dem-2895	229	26	5–31	5–31	PROPN
dem-2895	229	27	21	21	NUM
dem-2895	229	28	figure	figure	NOUN
dem-2895	229	29	6	6	NUM
dem-2895	229	30	.	.	PUNCT
dem-2895	229	31	dependencies	dependency	NOUN
dem-2895	229	32	between	between	ADP
dem-2895	229	33	the	the	DET
dem-2895	229	34	bux	bux	PROPN
dem-2895	229	35	and	and	CCONJ
dem-2895	229	36	the	the	DET
dem-2895	229	37	other	other	ADJ
dem-2895	229	38	indices	index	NOUN
dem-2895	229	39	.	.	PUNCT
dem-2895	230	1	estimates	estimate	NOUN
dem-2895	230	2	of	of	ADP
dem-2895	230	3	lower	low	ADJ
dem-2895	230	4	tail	tail	NOUN
dem-2895	230	5	dependence	dependence	NOUN
dem-2895	230	6	coefficient	coefficient	NOUN
dem-2895	230	7	the	the	DET
dem-2895	230	8	first	first	ADJ
dem-2895	230	9	observation	observation	NOUN
dem-2895	230	10	concerning	concern	VERB
dem-2895	230	11	models	model	NOUN
dem-2895	230	12	describing	describe	VERB
dem-2895	230	13	the	the	DET
dem-2895	230	14	linkages	linkage	NOUN
dem-2895	230	15	of	of	ADP
dem-2895	230	16	the	the	DET
dem-2895	230	17	bux	bux	NOUN
dem-2895	230	18	with	with	ADP
dem-2895	230	19	the	the	DET
dem-2895	230	20	other	other	ADJ
dem-2895	230	21	indices	index	NOUN
dem-2895	230	22	(	(	PUNCT
dem-2895	230	23	table	table	NOUN
dem-2895	230	24	2	2	NUM
dem-2895	230	25	)	)	PUNCT
dem-2895	230	26	is	be	AUX
dem-2895	230	27	that	that	SCONJ
dem-2895	230	28	in	in	ADP
dem-2895	230	29	each	each	DET
dem-2895	230	30	case	case	NOUN
dem-2895	230	31	the	the	DET
dem-2895	230	32	value	value	NOUN
dem-2895	230	33	of	of	ADP
dem-2895	230	34	spearman	spearman	NOUN
dem-2895	230	35	’s	’s	PART
dem-2895	230	36	rho	rho	NOUN
dem-2895	230	37	is	be	AUX
dem-2895	230	38	higher	high	ADJ
dem-2895	230	39	in	in	ADP
dem-2895	230	40	the	the	DET
dem-2895	230	41	regime	regime	NOUN
dem-2895	230	42	with	with	ADP
dem-2895	230	43	the	the	DET
dem-2895	230	44	gaussian	gaussian	ADJ
dem-2895	230	45	copula	copula	NOUN
dem-2895	230	46	.	.	PUNCT
dem-2895	231	1	figure	figure	NOUN
dem-2895	231	2	5	5	NUM
dem-2895	231	3	indicates	indicate	VERB
dem-2895	231	4	an	an	DET
dem-2895	231	5	increase	increase	NOUN
dem-2895	231	6	in	in	ADP
dem-2895	231	7	the	the	DET
dem-2895	231	8	strength	strength	NOUN
dem-2895	231	9	of	of	ADP
dem-2895	231	10	connection	connection	NOUN
dem-2895	231	11	between	between	ADP
dem-2895	231	12	the	the	DET
dem-2895	231	13	bux	bux	PROPN
dem-2895	231	14	and	and	CCONJ
dem-2895	231	15	dax	dax	PROPN
dem-2895	231	16	,	,	PUNCT
dem-2895	231	17	which	which	PRON
dem-2895	231	18	can	can	AUX
dem-2895	231	19	be	be	AUX
dem-2895	231	20	interpreted	interpret	VERB
dem-2895	231	21	as	as	ADP
dem-2895	231	22	an	an	DET
dem-2895	231	23	effect	effect	NOUN
dem-2895	231	24	of	of	ADP
dem-2895	231	25	the	the	DET
dem-2895	231	26	eu	eu	PROPN
dem-2895	231	27	joining	joining	PROPN
dem-2895	231	28	.	.	PUNCT
dem-2895	232	1	during	during	ADP
dem-2895	232	2	the	the	DET
dem-2895	232	3	period	period	NOUN
dem-2895	232	4	of	of	ADP
dem-2895	232	5	the	the	DET
dem-2895	232	6	subprime	subprime	ADJ
dem-2895	232	7	crisis	crisis	NOUN
dem-2895	232	8	we	we	PRON
dem-2895	232	9	observe	observe	VERB
dem-2895	232	10	a	a	DET
dem-2895	232	11	drop	drop	NOUN
dem-2895	232	12	in	in	ADP
dem-2895	232	13	the	the	DET
dem-2895	232	14	strength	strength	NOUN
dem-2895	232	15	of	of	ADP
dem-2895	232	16	dependencies	dependency	NOUN
dem-2895	232	17	between	between	ADP
dem-2895	232	18	the	the	DET
dem-2895	232	19	returns	return	NOUN
dem-2895	232	20	on	on	ADP
dem-2895	232	21	the	the	DET
dem-2895	232	22	bux	bux	NOUN
dem-2895	232	23	and	and	CCONJ
dem-2895	232	24	lagged	lag	VERB
dem-2895	232	25	returns	return	NOUN
dem-2895	232	26	on	on	ADP
dem-2895	232	27	the	the	DET
dem-2895	232	28	s&p	s&p	PROPN
dem-2895	232	29	500	500	NUM
dem-2895	232	30	.	.	PUNCT
dem-2895	233	1	at	at	ADP
dem-2895	233	2	the	the	DET
dem-2895	233	3	same	same	ADJ
dem-2895	233	4	time	time	NOUN
dem-2895	233	5	,	,	PUNCT
dem-2895	233	6	however	however	ADV
dem-2895	233	7	,	,	PUNCT
dem-2895	233	8	there	there	PRON
dem-2895	233	9	is	be	VERB
dem-2895	233	10	an	an	DET
dem-2895	233	11	increase	increase	NOUN
dem-2895	233	12	in	in	ADP
dem-2895	233	13	the	the	DET
dem-2895	233	14	strength	strength	NOUN
dem-2895	233	15	of	of	ADP
dem-2895	233	16	dependencies	dependency	NOUN
dem-2895	233	17	between	between	ADP
dem-2895	233	18	the	the	DET
dem-2895	233	19	returns	return	NOUN
dem-2895	233	20	with	with	ADP
dem-2895	233	21	the	the	DET
dem-2895	233	22	same	same	ADJ
dem-2895	233	23	date	date	NOUN
dem-2895	233	24	.	.	PUNCT
dem-2895	234	1	taking	take	VERB
dem-2895	234	2	into	into	ADP
dem-2895	234	3	account	account	NOUN
dem-2895	234	4	different	different	ADJ
dem-2895	234	5	impact	impact	NOUN
dem-2895	234	6	of	of	ADP
dem-2895	234	7	the	the	DET
dem-2895	234	8	hungarian	hungarian	NOUN
dem-2895	234	9	and	and	CCONJ
dem-2895	234	10	the	the	DET
dem-2895	234	11	us	us	PROPN
dem-2895	234	12	market	market	NOUN
dem-2895	234	13	on	on	ADP
dem-2895	234	14	the	the	DET
dem-2895	234	15	global	global	ADJ
dem-2895	234	16	economy	economy	NOUN
dem-2895	234	17	,	,	PUNCT
dem-2895	234	18	we	we	PRON
dem-2895	234	19	can	can	AUX
dem-2895	234	20	formulate	formulate	VERB
dem-2895	234	21	a	a	DET
dem-2895	234	22	conjecture	conjecture	NOUN
dem-2895	234	23	that	that	SCONJ
dem-2895	234	24	during	during	ADP
dem-2895	234	25	the	the	DET
dem-2895	234	26	crisis	crisis	NOUN
dem-2895	234	27	period	period	NOUN
dem-2895	234	28	the	the	DET
dem-2895	234	29	dependencies	dependency	NOUN
dem-2895	234	30	between	between	ADP
dem-2895	234	31	the	the	DET
dem-2895	234	32	markets	market	NOUN
dem-2895	234	33	were	be	AUX
dem-2895	234	34	affected	affect	VERB
dem-2895	234	35	by	by	ADP
dem-2895	234	36	a	a	DET
dem-2895	234	37	common	common	ADJ
dem-2895	234	38	factor	factor	NOUN
dem-2895	234	39	driving	drive	VERB
dem-2895	234	40	the	the	DET
dem-2895	234	41	prices	price	NOUN
dem-2895	234	42	’	'	PUNCT
dem-2895	234	43	dynamics	dynamic	NOUN
dem-2895	234	44	.	.	PUNCT
dem-2895	235	1	in	in	ADP
dem-2895	235	2	figure	figure	NOUN
dem-2895	235	3	6	6	NUM
dem-2895	235	4	,	,	PUNCT
dem-2895	235	5	the	the	DET
dem-2895	235	6	plots	plot	NOUN
dem-2895	235	7	of	of	ADP
dem-2895	235	8	the	the	DET
dem-2895	235	9	conditional	conditional	ADJ
dem-2895	235	10	lower	low	ADJ
dem-2895	235	11	tail	tail	NOUN
dem-2895	235	12	dependence	dependence	NOUN
dem-2895	235	13	coefficients	coefficient	NOUN
dem-2895	235	14	are	be	AUX
dem-2895	235	15	presented	present	VERB
dem-2895	235	16	.	.	PUNCT
dem-2895	236	1	this	this	DET
dem-2895	236	2	type	type	NOUN
dem-2895	236	3	of	of	ADP
dem-2895	236	4	dependence	dependence	NOUN
dem-2895	236	5	is	be	AUX
dem-2895	236	6	observed	observe	VERB
dem-2895	236	7	for	for	ADP
dem-2895	236	8	the	the	DET
dem-2895	236	9	pairs	pair	NOUN
dem-2895	236	10	(	(	PUNCT
dem-2895	236	11	bux	bux	NOUN
dem-2895	236	12	,	,	PUNCT
dem-2895	236	13	px	px	PROPN
dem-2895	236	14	)	)	PUNCT
dem-2895	236	15	and	and	CCONJ
dem-2895	236	16	(	(	PUNCT
dem-2895	236	17	bux	bux	NOUN
dem-2895	236	18	,	,	PUNCT
dem-2895	236	19	wig20	wig20	PROPN
dem-2895	236	20	)	)	PUNCT
dem-2895	236	21	.	.	PUNCT
dem-2895	237	1	it	it	PRON
dem-2895	237	2	does	do	AUX
dem-2895	237	3	not	not	PART
dem-2895	237	4	occur	occur	VERB
dem-2895	237	5	when	when	SCONJ
dem-2895	237	6	we	we	PRON
dem-2895	237	7	analyze	analyze	VERB
dem-2895	237	8	the	the	DET
dem-2895	237	9	linkages	linkage	NOUN
dem-2895	237	10	for	for	ADP
dem-2895	237	11	the	the	DET
dem-2895	237	12	pair	pair	NOUN
dem-2895	237	13	(	(	PUNCT
dem-2895	237	14	bux	bux	NOUN
dem-2895	237	15	,	,	PUNCT
dem-2895	237	16	s&p	s&p	PROPN
dem-2895	237	17	500(–1	500(–1	NUM
dem-2895	237	18	)	)	PUNCT
dem-2895	237	19	)	)	PUNCT
dem-2895	237	20	.	.	PUNCT
dem-2895	238	1	some	some	DET
dem-2895	238	2	very	very	ADV
dem-2895	238	3	weak	weak	ADJ
dem-2895	238	4	dependence	dependence	NOUN
dem-2895	238	5	is	be	AUX
dem-2895	238	6	visible	visible	ADJ
dem-2895	238	7	for	for	ADP
dem-2895	238	8	the	the	DET
dem-2895	238	9	pairs	pair	NOUN
dem-2895	238	10	(	(	PUNCT
dem-2895	238	11	bux	bux	NOUN
dem-2895	238	12	,	,	PUNCT
dem-2895	238	13	dax	dax	PROPN
dem-2895	238	14	)	)	PUNCT
dem-2895	238	15	and	and	CCONJ
dem-2895	238	16	(	(	PUNCT
dem-2895	238	17	bux	bux	NOUN
dem-2895	238	18	,	,	PUNCT
dem-2895	238	19	s&p	s&p	PROPN
dem-2895	238	20	500	500	NUM
dem-2895	238	21	)	)	PUNCT
dem-2895	238	22	,	,	PUNCT
dem-2895	238	23	but	but	CCONJ
dem-2895	238	24	it	it	PRON
dem-2895	238	25	disappears	disappear	VERB
dem-2895	238	26	at	at	ADP
dem-2895	238	27	the	the	DET
dem-2895	238	28	beginning	beginning	NOUN
dem-2895	238	29	of	of	ADP
dem-2895	238	30	2006	2006	NUM
dem-2895	238	31	.	.	PUNCT
dem-2895	239	1	in	in	ADP
dem-2895	239	2	the	the	DET
dem-2895	239	3	case	case	NOUN
dem-2895	239	4	of	of	ADP
dem-2895	239	5	the	the	DET
dem-2895	239	6	px	px	PROPN
dem-2895	239	7	index	index	NOUN
dem-2895	239	8	,	,	PUNCT
dem-2895	239	9	the	the	DET
dem-2895	239	10	results	result	NOUN
dem-2895	239	11	are	be	AUX
dem-2895	239	12	similar	similar	ADJ
dem-2895	239	13	to	to	ADP
dem-2895	239	14	those	those	PRON
dem-2895	239	15	for	for	ADP
dem-2895	239	16	the	the	DET
dem-2895	239	17	bux	bux	NOUN
dem-2895	239	18	in	in	ADP
dem-2895	239	19	the	the	DET
dem-2895	239	20	part	part	NOUN
dem-2895	239	21	dealing	deal	VERB
dem-2895	239	22	with	with	ADP
dem-2895	239	23	the	the	DET
dem-2895	239	24	emerging	emerge	VERB
dem-2895	239	25	markets	market	NOUN
dem-2895	239	26	,	,	PUNCT
dem-2895	239	27	but	but	CCONJ
dem-2895	239	28	different	different	ADJ
dem-2895	239	29	when	when	SCONJ
dem-2895	239	30	considering	consider	VERB
dem-2895	239	31	the	the	DET
dem-2895	239	32	dax	dax	NOUN
dem-2895	239	33	and	and	CCONJ
dem-2895	239	34	s&p	s&p	PROPN
dem-2895	239	35	500	500	NUM
dem-2895	239	36	(	(	PUNCT
dem-2895	239	37	table	table	NOUN
dem-2895	239	38	3	3	NUM
dem-2895	239	39	)	)	PUNCT
dem-2895	239	40	.	.	PUNCT
dem-2895	240	1	first	first	ADJ
dem-2895	240	2	observation	observation	NOUN
dem-2895	240	3	is	be	AUX
dem-2895	240	4	that	that	SCONJ
dem-2895	240	5	the	the	DET
dem-2895	240	6	dependence	dependence	NOUN
dem-2895	240	7	between	between	ADP
dem-2895	240	8	the	the	DET
dem-2895	240	9	px	px	PROPN
dem-2895	240	10	and	and	CCONJ
dem-2895	240	11	dax	dax	PROPN
dem-2895	240	12	,	,	PUNCT
dem-2895	240	13	measured	measure	VERB
dem-2895	240	14	by	by	ADP
dem-2895	240	15	means	mean	NOUN
dem-2895	240	16	of	of	ADP
dem-2895	240	17	spearman	spearman	NOUN
dem-2895	240	18	’s	’s	PART
dem-2895	240	19	rho	rho	ADJ
dem-2895	240	20	(	(	PUNCT
dem-2895	240	21	figure	figure	NOUN
dem-2895	240	22	7	7	NUM
dem-2895	240	23	)	)	PUNCT
dem-2895	240	24	,	,	PUNCT
dem-2895	240	25	is	be	AUX
dem-2895	240	26	very	very	ADV
dem-2895	240	27	strong	strong	ADJ
dem-2895	240	28	during	during	ADP
dem-2895	240	29	almost	almost	ADV
dem-2895	240	30	all	all	DET
dem-2895	240	31	the	the	DET
dem-2895	240	32	period	period	NOUN
dem-2895	240	33	under	under	ADP
dem-2895	240	34	scrutiny	scrutiny	NOUN
dem-2895	240	35	(	(	PUNCT
dem-2895	240	36	from	from	ADP
dem-2895	240	37	0	0	NUM
dem-2895	240	38	0,05	0,05	NUM
dem-2895	240	39	0,1	0,1	NUM
dem-2895	240	40	0,15	0,15	NUM
dem-2895	240	41	0,2	0,2	NUM
dem-2895	240	42	0,25	0,25	NUM
dem-2895	240	43	05/05/2004	05/05/2004	NUM
dem-2895	240	44	02/25/2005	02/25/2005	NUM
dem-2895	241	1	12/28/2005	12/28/2005	NUM
dem-2895	241	2	10/20/2006	10/20/2006	NUM
dem-2895	241	3	08/24/2007	08/24/2007	NUM
dem-2895	241	4	06/24/2008	06/24/2008	NOUN
dem-2895	241	5	04/21/2009	04/21/2009	NUM
dem-2895	241	6	02/17/2010	02/17/2010	NUM
dem-2895	242	1	12/14/2010	12/14/2010	NUM
dem-2895	242	2	10/10/2011	10/10/2011	NUM
dem-2895	242	3	px	px	AUX
dem-2895	242	4	wig20	wig20	PROPN
dem-2895	242	5	dax	dax	PROPN
dem-2895	242	6	s&p500	s&p500	PROPN
dem-2895	242	7	s&p	s&p	PROPN
dem-2895	242	8	 	 	SPACE
dem-2895	242	9	lag	lag	NOUN
dem-2895	242	10	małgorzata	małgorzata	NOUN
dem-2895	242	11	doman	doman	NOUN
dem-2895	242	12	,	,	PUNCT
dem-2895	242	13	ryszard	ryszard	NOUN
dem-2895	242	14	doman	doman	PROPN
dem-2895	242	15	dynamic	dynamic	ADJ
dem-2895	242	16	econometric	econometric	ADJ
dem-2895	242	17	models	model	NOUN
dem-2895	242	18	13	13	NUM
dem-2895	242	19	(	(	PUNCT
dem-2895	242	20	2013	2013	NUM
dem-2895	242	21	)	)	PUNCT
dem-2895	242	22	5–31	5–31	PROPN
dem-2895	242	23	22	22	NUM
dem-2895	242	24	the	the	DET
dem-2895	242	25	end	end	NOUN
dem-2895	242	26	of	of	ADP
dem-2895	242	27	2005	2005	NUM
dem-2895	242	28	)	)	PUNCT
dem-2895	242	29	.	.	PUNCT
dem-2895	243	1	some	some	DET
dem-2895	243	2	decrease	decrease	NOUN
dem-2895	243	3	in	in	ADP
dem-2895	243	4	the	the	DET
dem-2895	243	5	strength	strength	NOUN
dem-2895	243	6	of	of	ADP
dem-2895	243	7	dependencies	dependency	NOUN
dem-2895	243	8	is	be	AUX
dem-2895	243	9	visible	visible	ADJ
dem-2895	243	10	from	from	ADP
dem-2895	243	11	july	july	PROPN
dem-2895	243	12	2009	2009	NUM
dem-2895	243	13	to	to	ADP
dem-2895	243	14	february	february	PROPN
dem-2895	243	15	2010	2010	NUM
dem-2895	243	16	.	.	PUNCT
dem-2895	244	1	the	the	DET
dem-2895	244	2	dependence	dependence	NOUN
dem-2895	244	3	between	between	ADP
dem-2895	244	4	the	the	DET
dem-2895	244	5	returns	return	NOUN
dem-2895	244	6	on	on	ADP
dem-2895	244	7	the	the	DET
dem-2895	244	8	px	px	NOUN
dem-2895	244	9	and	and	CCONJ
dem-2895	244	10	s&p	s&p	PROPN
dem-2895	244	11	500	500	NUM
dem-2895	244	12	is	be	AUX
dem-2895	244	13	quite	quite	ADV
dem-2895	244	14	significant	significant	ADJ
dem-2895	244	15	for	for	ADP
dem-2895	244	16	both	both	CCONJ
dem-2895	244	17	the	the	DET
dem-2895	244	18	returns	return	NOUN
dem-2895	244	19	from	from	ADP
dem-2895	244	20	the	the	DET
dem-2895	244	21	same	same	ADJ
dem-2895	244	22	day	day	NOUN
dem-2895	244	23	and	and	CCONJ
dem-2895	244	24	in	in	ADP
dem-2895	244	25	the	the	DET
dem-2895	244	26	case	case	NOUN
dem-2895	244	27	of	of	ADP
dem-2895	244	28	lagged	lag	VERB
dem-2895	244	29	returns	return	NOUN
dem-2895	244	30	on	on	ADP
dem-2895	244	31	the	the	DET
dem-2895	244	32	s&p	s&p	PROPN
dem-2895	244	33	500	500	NUM
dem-2895	244	34	.	.	PUNCT
dem-2895	245	1	the	the	DET
dem-2895	245	2	pair	pair	NOUN
dem-2895	245	3	(	(	PUNCT
dem-2895	245	4	px	px	PROPN
dem-2895	245	5	,	,	PUNCT
dem-2895	245	6	s&p	s&p	PROPN
dem-2895	245	7	500	500	NUM
dem-2895	245	8	)	)	PUNCT
dem-2895	245	9	is	be	AUX
dem-2895	245	10	the	the	DET
dem-2895	245	11	only	only	ADJ
dem-2895	245	12	one	one	NUM
dem-2895	245	13	for	for	ADP
dem-2895	245	14	which	which	PRON
dem-2895	245	15	the	the	DET
dem-2895	245	16	value	value	NOUN
dem-2895	245	17	of	of	ADP
dem-2895	245	18	spearman	spearman	NOUN
dem-2895	245	19	’s	’s	PART
dem-2895	245	20	rho	rho	NOUN
dem-2895	245	21	in	in	ADP
dem-2895	245	22	the	the	DET
dem-2895	245	23	regime	regime	NOUN
dem-2895	245	24	with	with	ADP
dem-2895	245	25	tail	tail	NOUN
dem-2895	245	26	dependence	dependence	NOUN
dem-2895	245	27	is	be	AUX
dem-2895	245	28	higher	high	ADJ
dem-2895	245	29	than	than	ADP
dem-2895	245	30	in	in	ADP
dem-2895	245	31	that	that	PRON
dem-2895	245	32	with	with	ADP
dem-2895	245	33	the	the	DET
dem-2895	245	34	gaussian	gaussian	ADJ
dem-2895	245	35	copula	copula	NOUN
dem-2895	245	36	.	.	PUNCT
dem-2895	246	1	lower	low	ADJ
dem-2895	246	2	tail	tail	NOUN
dem-2895	246	3	dependence	dependence	NOUN
dem-2895	246	4	coefficient	coefficient	NOUN
dem-2895	246	5	for	for	ADP
dem-2895	246	6	(	(	PUNCT
dem-2895	246	7	px	px	PROPN
dem-2895	246	8	,	,	PUNCT
dem-2895	246	9	s&p	s&p	PROPN
dem-2895	246	10	500	500	NUM
dem-2895	246	11	)	)	PUNCT
dem-2895	246	12	is	be	AUX
dem-2895	246	13	higher	high	ADJ
dem-2895	246	14	than	than	ADP
dem-2895	246	15	for	for	ADP
dem-2895	246	16	(	(	PUNCT
dem-2895	246	17	px	px	PROPN
dem-2895	246	18	,	,	PUNCT
dem-2895	246	19	dax	dax	PROPN
dem-2895	246	20	)	)	PUNCT
dem-2895	246	21	.	.	PUNCT
dem-2895	247	1	the	the	DET
dem-2895	247	2	periods	period	NOUN
dem-2895	247	3	of	of	ADP
dem-2895	247	4	stronger	strong	ADJ
dem-2895	247	5	dependencies	dependency	NOUN
dem-2895	247	6	in	in	ADP
dem-2895	247	7	lower	low	ADJ
dem-2895	247	8	tail	tail	NOUN
dem-2895	247	9	for	for	ADP
dem-2895	247	10	the	the	DET
dem-2895	247	11	pair	pair	NOUN
dem-2895	247	12	(	(	PUNCT
dem-2895	247	13	px	px	PROPN
dem-2895	247	14	,	,	PUNCT
dem-2895	247	15	dax	dax	PROPN
dem-2895	247	16	)	)	PUNCT
dem-2895	247	17	occur	occur	VERB
dem-2895	247	18	in	in	ADP
dem-2895	247	19	the	the	DET
dem-2895	247	20	beginning	beginning	NOUN
dem-2895	247	21	of	of	ADP
dem-2895	247	22	the	the	DET
dem-2895	247	23	sample	sample	NOUN
dem-2895	247	24	period	period	NOUN
dem-2895	247	25	and	and	CCONJ
dem-2895	247	26	in	in	ADP
dem-2895	247	27	late	late	ADJ
dem-2895	247	28	2009	2009	NUM
dem-2895	247	29	.	.	PUNCT
dem-2895	248	1	table	table	NOUN
dem-2895	248	2	3	3	NUM
dem-2895	248	3	.	.	PUNCT
dem-2895	248	4	linkages	linkage	NOUN
dem-2895	248	5	of	of	ADP
dem-2895	248	6	the	the	DET
dem-2895	248	7	px	px	PROPN
dem-2895	248	8	:	:	PUNCT
dem-2895	248	9	parameter	parameter	NOUN
dem-2895	248	10	estimates	estimate	NOUN
dem-2895	248	11	for	for	ADP
dem-2895	248	12	the	the	DET
dem-2895	248	13	msc	msc	PROPN
dem-2895	248	14	models	model	NOUN
dem-2895	248	15	.	.	PUNCT
dem-2895	249	1	standard	standard	ADJ
dem-2895	249	2	errors	error	NOUN
dem-2895	249	3	in	in	ADP
dem-2895	249	4	parentheses	parenthesis	NOUN
dem-2895	249	5	px	px	X
dem-2895	249	6	and	and	CCONJ
dem-2895	249	7	wig20	wig20	PROPN
dem-2895	249	8	dax	dax	PROPN
dem-2895	249	9	s&p500	s&p500	PROPN
dem-2895	249	10	s&p	s&p	PROPN
dem-2895	249	11	500(–1	500(–1	NUM
dem-2895	249	12	)	)	PUNCT
dem-2895	249	13	11p	11p	NUM
dem-2895	249	14	0.9589	0.9589	NUM
dem-2895	250	1	0.9960	0.9960	NUM
dem-2895	250	2	0.9903	0.9903	NUM
dem-2895	250	3	0.9932	0.9932	NUM
dem-2895	250	4	22p	22p	NOUN
dem-2895	250	5	0.9702	0.9702	NUM
dem-2895	250	6	0.9849	0.9849	NUM
dem-2895	250	7	0.9909	0.9909	NUM
dem-2895	250	8	0.9916	0.9916	NUM
dem-2895	250	9	copula	copula	NOUN
dem-2895	250	10	in	in	ADP
dem-2895	250	11	regime	regime	NOUN
dem-2895	250	12	1	1	NUM
dem-2895	250	13	gauss	gauss	NOUN
dem-2895	250	14	ρc	ρc	PROPN
dem-2895	250	15	gauss	gauss	PROPN
dem-2895	250	16	ρc	ρc	PROPN
dem-2895	250	17	gauss	gauss	PROPN
dem-2895	250	18	ρc	ρc	PROPN
dem-2895	250	19	gauss	gauss	PROPN
dem-2895	250	20	ρc	ρc	VERB
dem-2895	250	21	ρ	ρ	PROPN
dem-2895	250	22	0.6796	0.6796	NUM
dem-2895	250	23	(	(	PUNCT
dem-2895	250	24	0.0216	0.0216	NUM
dem-2895	250	25	)	)	PUNCT
dem-2895	250	26	0.6028	0.6028	NUM
dem-2895	250	27	(	(	PUNCT
dem-2895	250	28	0.0219	0.0219	NUM
dem-2895	250	29	)	)	PUNCT
dem-2895	250	30	0.2305	0.2305	NUM
dem-2895	250	31	(	(	PUNCT
dem-2895	250	32	0.0504	0.0504	NUM
dem-2895	250	33	)	)	PUNCT
dem-2895	250	34	0.3209	0.3209	NUM
dem-2895	250	35	(	(	PUNCT
dem-2895	250	36	0.0471	0.0471	NUM
dem-2895	250	37	)	)	PUNCT
dem-2895	250	38	spearman	spearman	NOUN
dem-2895	250	39	’s	’s	PART
dem-2895	250	40	rho	rho	ADJ
dem-2895	250	41	0.6621	0.6621	NUM
dem-2895	250	42	0.5848	0.5848	NUM
dem-2895	250	43	0.2206	0.2206	NUM
dem-2895	250	44	0.3078	0.3078	NUM
dem-2895	250	45	copula	copula	NOUN
dem-2895	250	46	in	in	ADP
dem-2895	250	47	regime	regime	NOUN
dem-2895	250	48	2	2	NUM
dem-2895	250	49	clayton	clayton	PROPN
dem-2895	250	50	γc	γc	PROPN
dem-2895	250	51	clayton	clayton	PROPN
dem-2895	250	52	γc	γc	PROPN
dem-2895	250	53	claytonjoe	claytonjoe	PROPN
dem-2895	250	54	,	,	PUNCT
dem-2895	250	55	−	−	PROPN
dem-2895	250	56	γκc	γκc	VERB
dem-2895	250	57	clayton	clayton	PROPN
dem-2895	250	58	γc	γc	PROPN
dem-2895	250	59	κ	κ	PROPN
dem-2895	250	60	1.2935	1.2935	NUM
dem-2895	250	61	(	(	PUNCT
dem-2895	250	62	0.0733	0.0733	NUM
dem-2895	250	63	)	)	PUNCT
dem-2895	250	64	γ	γ	PROPN
dem-2895	250	65	0.6991	0.6991	NUM
dem-2895	250	66	(	(	PUNCT
dem-2895	250	67	0.1286	0.1286	NUM
dem-2895	250	68	)	)	PUNCT
dem-2895	250	69	0.3991	0.3991	NUM
dem-2895	250	70	(	(	PUNCT
dem-2895	250	71	0.1227	0.1227	NUM
dem-2895	250	72	)	)	PUNCT
dem-2895	250	73	0.4484	0.4484	NUM
dem-2895	250	74	(	(	PUNCT
dem-2895	250	75	0.0866	0.0866	NUM
dem-2895	250	76	)	)	PUNCT
dem-2895	250	77	0.2832	0.2832	NUM
dem-2895	250	78	(	(	PUNCT
dem-2895	250	79	0.0637	0.0637	NUM
dem-2895	250	80	)	)	PUNCT
dem-2895	250	81	lλ	lλ	VERB
dem-2895	251	1	0.3710	0.3710	NUM
dem-2895	251	2	0.1761	0.1761	NUM
dem-2895	251	3	0.2132	0.2132	NUM
dem-2895	251	4	0.0865	0.0865	NUM
dem-2895	251	5	uλ	uλ	ADP
dem-2895	251	6	0.2911	0.2911	NUM
dem-2895	251	7	spearman	spearman	NOUN
dem-2895	251	8	’s	’s	PART
dem-2895	251	9	rho	rho	ADJ
dem-2895	251	10	0.3779	0.3779	NUM
dem-2895	251	11	0.2465	0.2465	NUM
dem-2895	251	12	0.4013	0.4013	NUM
dem-2895	251	13	0.1848	0.1848	NUM
dem-2895	251	14	table	table	NOUN
dem-2895	251	15	4	4	NUM
dem-2895	251	16	and	and	CCONJ
dem-2895	251	17	figures	figure	NOUN
dem-2895	251	18	9–10	9–10	PROPN
dem-2895	251	19	present	present	ADJ
dem-2895	251	20	the	the	DET
dem-2895	251	21	estimation	estimation	NOUN
dem-2895	251	22	results	result	NOUN
dem-2895	251	23	for	for	ADP
dem-2895	251	24	dependencies	dependency	NOUN
dem-2895	251	25	with	with	ADP
dem-2895	251	26	the	the	DET
dem-2895	251	27	wig20	wig20	PROPN
dem-2895	251	28	.	.	PUNCT
dem-2895	252	1	the	the	DET
dem-2895	252	2	estimates	estimate	NOUN
dem-2895	252	3	for	for	ADP
dem-2895	252	4	(	(	PUNCT
dem-2895	252	5	wig20	wig20	PROPN
dem-2895	252	6	,	,	PUNCT
dem-2895	252	7	dax	dax	PROPN
dem-2895	252	8	)	)	PUNCT
dem-2895	252	9	are	be	AUX
dem-2895	252	10	very	very	ADV
dem-2895	252	11	similar	similar	ADJ
dem-2895	252	12	to	to	ADP
dem-2895	252	13	those	those	PRON
dem-2895	252	14	for	for	ADP
dem-2895	252	15	(	(	PUNCT
dem-2895	252	16	wig20	wig20	PROPN
dem-2895	252	17	,	,	PUNCT
dem-2895	252	18	bux	bux	PROPN
dem-2895	252	19	)	)	PUNCT
dem-2895	252	20	and	and	CCONJ
dem-2895	252	21	(	(	PUNCT
dem-2895	252	22	wig20	wig20	PROPN
dem-2895	252	23	,	,	PUNCT
dem-2895	252	24	px	px	PROPN
dem-2895	252	25	)	)	PUNCT
dem-2895	252	26	.	.	PUNCT
dem-2895	253	1	the	the	DET
dem-2895	253	2	linkages	linkage	NOUN
dem-2895	253	3	between	between	ADP
dem-2895	253	4	the	the	DET
dem-2895	253	5	wig20	wig20	PROPN
dem-2895	253	6	and	and	CCONJ
dem-2895	253	7	dax	dax	PROPN
dem-2895	253	8	,	,	PUNCT
dem-2895	253	9	however	however	ADV
dem-2895	253	10	,	,	PUNCT
dem-2895	253	11	seem	seem	VERB
dem-2895	253	12	to	to	PART
dem-2895	253	13	be	be	AUX
dem-2895	253	14	stronger	strong	ADJ
dem-2895	253	15	than	than	ADP
dem-2895	253	16	for	for	ADP
dem-2895	253	17	(	(	PUNCT
dem-2895	253	18	px	px	PROPN
dem-2895	253	19	,	,	PUNCT
dem-2895	253	20	dax	dax	PROPN
dem-2895	253	21	)	)	PUNCT
dem-2895	253	22	or	or	CCONJ
dem-2895	253	23	(	(	PUNCT
dem-2895	253	24	bux	bux	PROPN
dem-2895	253	25	,	,	PUNCT
dem-2895	253	26	dax	dax	PROPN
dem-2895	253	27	)	)	PUNCT
dem-2895	253	28	.	.	PUNCT
dem-2895	254	1	the	the	DET
dem-2895	254	2	results	result	NOUN
dem-2895	254	3	concerning	concern	VERB
dem-2895	254	4	dependencies	dependency	NOUN
dem-2895	254	5	between	between	ADP
dem-2895	254	6	the	the	DET
dem-2895	254	7	returns	return	NOUN
dem-2895	254	8	on	on	ADP
dem-2895	254	9	the	the	DET
dem-2895	254	10	wig20	wig20	PROPN
dem-2895	254	11	and	and	CCONJ
dem-2895	254	12	s&p	s&p	PROPN
dem-2895	254	13	500	500	NUM
dem-2895	254	14	(	(	PUNCT
dem-2895	254	15	table	table	NOUN
dem-2895	254	16	4	4	NUM
dem-2895	254	17	)	)	PUNCT
dem-2895	254	18	could	could	AUX
dem-2895	254	19	seem	seem	VERB
dem-2895	254	20	surprising	surprising	ADJ
dem-2895	254	21	,	,	PUNCT
dem-2895	254	22	but	but	CCONJ
dem-2895	254	23	are	be	AUX
dem-2895	254	24	in	in	ADP
dem-2895	254	25	agreement	agreement	NOUN
dem-2895	254	26	with	with	ADP
dem-2895	254	27	practitioners	practitioner	NOUN
dem-2895	254	28	’	'	PUNCT
dem-2895	254	29	beliefs	belief	NOUN
dem-2895	254	30	.	.	PUNCT
dem-2895	255	1	the	the	DET
dem-2895	255	2	best	good	ADJ
dem-2895	255	3	models	model	NOUN
dem-2895	255	4	describing	describe	VERB
dem-2895	255	5	the	the	DET
dem-2895	255	6	dependencies	dependency	NOUN
dem-2895	255	7	are	be	AUX
dem-2895	255	8	in	in	ADP
dem-2895	255	9	this	this	DET
dem-2895	255	10	case	case	NOUN
dem-2895	255	11	the	the	DET
dem-2895	255	12	static	static	ADJ
dem-2895	255	13	gaussian	gaussian	ADJ
dem-2895	255	14	copula	copula	NOUN
dem-2895	255	15	for	for	ADP
dem-2895	255	16	the	the	DET
dem-2895	255	17	returns	return	NOUN
dem-2895	255	18	from	from	ADP
dem-2895	255	19	the	the	DET
dem-2895	255	20	same	same	ADJ
dem-2895	255	21	day	day	NOUN
dem-2895	255	22	,	,	PUNCT
dem-2895	255	23	and	and	CCONJ
dem-2895	255	24	the	the	DET
dem-2895	255	25	static	static	ADJ
dem-2895	255	26	joe	joe	PROPN
dem-2895	255	27	-	-	PUNCT
dem-2895	255	28	clayton	clayton	PROPN
dem-2895	255	29	copula	copula	NOUN
dem-2895	255	30	in	in	ADP
dem-2895	255	31	the	the	DET
dem-2895	255	32	case	case	NOUN
dem-2895	255	33	of	of	ADP
dem-2895	255	34	lagged	lag	VERB
dem-2895	255	35	s&p	s&p	PROPN
dem-2895	255	36	500	500	NUM
dem-2895	255	37	returns	return	NOUN
dem-2895	255	38	.	.	PUNCT
dem-2895	256	1	this	this	PRON
dem-2895	256	2	supports	support	VERB
dem-2895	256	3	the	the	DET
dem-2895	256	4	established	established	ADJ
dem-2895	256	5	opinion	opinion	NOUN
dem-2895	256	6	about	about	ADP
dem-2895	256	7	the	the	DET
dem-2895	256	8	stability	stability	NOUN
dem-2895	256	9	of	of	ADP
dem-2895	256	10	the	the	DET
dem-2895	256	11	us	us	PROPN
dem-2895	256	12	market	market	NOUN
dem-2895	256	13	impact	impact	NOUN
dem-2895	256	14	on	on	ADP
dem-2895	256	15	the	the	DET
dem-2895	256	16	warsaw	warsaw	PROPN
dem-2895	256	17	stock	stock	PROPN
dem-2895	256	18	exchange	exchange	PROPN
dem-2895	256	19	.	.	PUNCT
dem-2895	257	1	the	the	DET
dem-2895	257	2	plots	plot	NOUN
dem-2895	257	3	in	in	ADP
dem-2895	257	4	figure	figure	NOUN
dem-2895	257	5	9	9	NUM
dem-2895	257	6	show	show	VERB
dem-2895	257	7	that	that	SCONJ
dem-2895	257	8	the	the	DET
dem-2895	257	9	estimates	estimate	NOUN
dem-2895	257	10	of	of	ADP
dem-2895	257	11	dyna	dyna	PROPN
dem-2895	257	12	the	the	DET
dem-2895	257	13	dynamics	dynamic	NOUN
dem-2895	257	14	and	and	CCONJ
dem-2895	257	15	strength	strength	NOUN
dem-2895	257	16	of	of	ADP
dem-2895	257	17	linkages	linkage	NOUN
dem-2895	257	18	between	between	ADP
dem-2895	257	19	the	the	DET
dem-2895	257	20	stock	stock	NOUN
dem-2895	257	21	markets	market	NOUN
dem-2895	257	22	…	…	PUNCT
dem-2895	257	23	dynamic	dynamic	ADJ
dem-2895	257	24	econometric	econometric	ADJ
dem-2895	257	25	models	model	NOUN
dem-2895	257	26	3	3	NUM
dem-2895	257	27	(	(	PUNCT
dem-2895	257	28	2013	2013	NUM
dem-2895	257	29	)	)	PUNCT
dem-2895	257	30	5–31	5–31	PROPN
dem-2895	257	31	23	23	NUM
dem-2895	257	32	figure	figure	NOUN
dem-2895	257	33	7	7	NUM
dem-2895	257	34	.	.	PUNCT
dem-2895	257	35	dependencies	dependency	NOUN
dem-2895	257	36	between	between	ADP
dem-2895	257	37	the	the	DET
dem-2895	257	38	px	px	PROPN
dem-2895	257	39	and	and	CCONJ
dem-2895	257	40	the	the	DET
dem-2895	257	41	other	other	ADJ
dem-2895	257	42	indices	index	NOUN
dem-2895	257	43	.	.	PUNCT
dem-2895	258	1	estimates	estimate	NOUN
dem-2895	258	2	of	of	ADP
dem-2895	258	3	spearman	spearman	NOUN
dem-2895	258	4	’s	’s	PART
dem-2895	258	5	rho	rho	ADJ
dem-2895	258	6	figure	figure	NOUN
dem-2895	258	7	8	8	NUM
dem-2895	258	8	.	.	PUNCT
dem-2895	258	9	dependencies	dependency	NOUN
dem-2895	258	10	between	between	ADP
dem-2895	258	11	the	the	DET
dem-2895	258	12	px	px	PROPN
dem-2895	258	13	and	and	CCONJ
dem-2895	258	14	the	the	DET
dem-2895	258	15	other	other	ADJ
dem-2895	258	16	indices	index	NOUN
dem-2895	258	17	.	.	PUNCT
dem-2895	259	1	estimates	estimate	NOUN
dem-2895	259	2	of	of	ADP
dem-2895	259	3	lower	low	ADJ
dem-2895	259	4	tail	tail	NOUN
dem-2895	259	5	dependence	dependence	NOUN
dem-2895	259	6	coefficient	coefficient	NOUN
dem-2895	259	7	mic	mic	ADJ
dem-2895	259	8	spearman	spearman	NOUN
dem-2895	259	9	’s	’s	PART
dem-2895	259	10	rho	rho	NOUN
dem-2895	259	11	for	for	ADP
dem-2895	259	12	the	the	DET
dem-2895	259	13	pairs	pair	NOUN
dem-2895	259	14	(	(	PUNCT
dem-2895	259	15	wig20	wig20	PROPN
dem-2895	259	16	,	,	PUNCT
dem-2895	259	17	bux	bux	PROPN
dem-2895	259	18	)	)	PUNCT
dem-2895	259	19	and	and	CCONJ
dem-2895	259	20	(	(	PUNCT
dem-2895	259	21	wig20	wig20	PROPN
dem-2895	259	22	,	,	PUNCT
dem-2895	259	23	px	px	PROPN
dem-2895	259	24	)	)	PUNCT
dem-2895	259	25	are	be	AUX
dem-2895	259	26	changing	change	VERB
dem-2895	259	27	between	between	ADP
dem-2895	259	28	0.4	0.4	NUM
dem-2895	259	29	and	and	CCONJ
dem-2895	259	30	0.7	0.7	NUM
dem-2895	259	31	.	.	PUNCT
dem-2895	260	1	in	in	ADP
dem-2895	260	2	the	the	DET
dem-2895	260	3	case	case	NOUN
dem-2895	260	4	of	of	ADP
dem-2895	260	5	linkages	linkage	NOUN
dem-2895	260	6	with	with	ADP
dem-2895	260	7	the	the	DET
dem-2895	260	8	dax	dax	PROPN
dem-2895	260	9	,	,	PUNCT
dem-2895	260	10	in	in	ADP
dem-2895	260	11	principle	principle	NOUN
dem-2895	260	12	only	only	ADV
dem-2895	260	13	values	value	NOUN
dem-2895	260	14	0.34	0.34	NUM
dem-2895	260	15	(	(	PUNCT
dem-2895	260	16	until	until	ADP
dem-2895	260	17	july	july	PROPN
dem-2895	260	18	2006	2006	NUM
dem-2895	260	19	)	)	PUNCT
dem-2895	260	20	and	and	CCONJ
dem-2895	260	21	0.63	0.63	NUM
dem-2895	260	22	(	(	PUNCT
dem-2895	260	23	from	from	ADP
dem-2895	260	24	december	december	PROPN
dem-2895	260	25	2006	2006	NUM
dem-2895	260	26	)	)	PUNCT
dem-2895	260	27	are	be	AUX
dem-2895	260	28	observed	observe	VERB
dem-2895	260	29	.	.	PUNCT
dem-2895	261	1	tail	tail	NOUN
dem-2895	261	2	dependence	dependence	NOUN
dem-2895	261	3	for	for	ADP
dem-2895	261	4	the	the	DET
dem-2895	261	5	wig20	wig20	PROPN
dem-2895	261	6	and	and	CCONJ
dem-2895	261	7	dax	dax	PROPN
dem-2895	261	8	has	have	AUX
dem-2895	261	9	disappeared	disappear	VERB
dem-2895	261	10	since	since	SCONJ
dem-2895	261	11	december	december	PROPN
dem-2895	261	12	2006	2006	NUM
dem-2895	261	13	,	,	PUNCT
dem-2895	261	14	and	and	CCONJ
dem-2895	261	15	tail	tail	NOUN
dem-2895	261	16	dependence	dependence	NOUN
dem-2895	261	17	between	between	ADP
dem-2895	261	18	the	the	DET
dem-2895	261	19	returns	return	NOUN
dem-2895	261	20	on	on	ADP
dem-2895	261	21	the	the	DET
dem-2895	261	22	wig20	wig20	PROPN
dem-2895	261	23	and	and	CCONJ
dem-2895	261	24	lagged	lag	VERB
dem-2895	261	25	s&p	s&p	PROPN
dem-2895	261	26	500	500	NUM
dem-2895	261	27	is	be	AUX
dem-2895	261	28	present	present	ADJ
dem-2895	261	29	during	during	ADP
dem-2895	261	30	all	all	DET
dem-2895	261	31	the	the	DET
dem-2895	261	32	sample	sample	NOUN
dem-2895	261	33	period	period	NOUN
dem-2895	261	34	,	,	PUNCT
dem-2895	261	35	but	but	CCONJ
dem-2895	261	36	is	be	AUX
dem-2895	261	37	very	very	ADV
dem-2895	261	38	weak	weak	ADJ
dem-2895	261	39	.	.	PUNCT
dem-2895	262	1	0	0	NUM
dem-2895	262	2	0,1	0,1	NUM
dem-2895	262	3	0,2	0,2	NUM
dem-2895	262	4	0,3	0,3	NUM
dem-2895	262	5	0,4	0,4	NUM
dem-2895	262	6	0,5	0,5	NUM
dem-2895	262	7	0,6	0,6	NUM
dem-2895	262	8	0,7	0,7	NUM
dem-2895	262	9	05/05/2004	05/05/2004	NUM
dem-2895	262	10	02/25/2005	02/25/2005	NUM
dem-2895	263	1	12/28/2005	12/28/2005	NUM
dem-2895	263	2	10/20/2006	10/20/2006	NUM
dem-2895	263	3	08/24/2007	08/24/2007	NUM
dem-2895	263	4	06/24/2008	06/24/2008	NOUN
dem-2895	263	5	04/21/2009	04/21/2009	NUM
dem-2895	263	6	02/17/2010	02/17/2010	NUM
dem-2895	264	1	12/14/2010	12/14/2010	NUM
dem-2895	264	2	10/10/2011	10/10/2011	NUM
dem-2895	264	3	bux	bux	NOUN
dem-2895	264	4	wig20	wig20	PROPN
dem-2895	264	5	dax	dax	PROPN
dem-2895	264	6	s&p500	s&p500	PROPN
dem-2895	264	7	s&p500	s&p500	PROPN
dem-2895	264	8	 	 	SPACE
dem-2895	264	9	lag	lag	VERB
dem-2895	264	10	0	0	NUM
dem-2895	264	11	0,05	0,05	NUM
dem-2895	264	12	0,1	0,1	NUM
dem-2895	264	13	0,15	0,15	NUM
dem-2895	264	14	0,2	0,2	NUM
dem-2895	264	15	0,25	0,25	NUM
dem-2895	264	16	0,3	0,3	NUM
dem-2895	264	17	0,35	0,35	NUM
dem-2895	264	18	0,4	0,4	NUM
dem-2895	264	19	05/05/2004	05/05/2004	NOUN
dem-2895	264	20	02/25/2005	02/25/2005	NUM
dem-2895	265	1	12/28/2005	12/28/2005	NUM
dem-2895	265	2	10/20/2006	10/20/2006	NUM
dem-2895	265	3	08/24/2007	08/24/2007	NUM
dem-2895	265	4	06/24/2008	06/24/2008	NOUN
dem-2895	265	5	04/21/2009	04/21/2009	NUM
dem-2895	265	6	02/17/2010	02/17/2010	NUM
dem-2895	266	1	12/14/2010	12/14/2010	NUM
dem-2895	266	2	10/10/2011	10/10/2011	NUM
dem-2895	266	3	bux	bux	NOUN
dem-2895	266	4	wig20	wig20	PROPN
dem-2895	266	5	dax	dax	PROPN
dem-2895	266	6	s&p500	s&p500	PROPN
dem-2895	266	7	s&p500	s&p500	PROPN
dem-2895	266	8	 	 	SPACE
dem-2895	266	9	lag	lag	NOUN
dem-2895	266	10	małgorzata	małgorzata	NOUN
dem-2895	266	11	doman	doman	NOUN
dem-2895	266	12	,	,	PUNCT
dem-2895	266	13	ryszard	ryszard	NOUN
dem-2895	266	14	doman	doman	PROPN
dem-2895	266	15	dynamic	dynamic	ADJ
dem-2895	266	16	econometric	econometric	ADJ
dem-2895	266	17	models	model	NOUN
dem-2895	266	18	13	13	NUM
dem-2895	266	19	(	(	PUNCT
dem-2895	266	20	2013	2013	NUM
dem-2895	266	21	)	)	PUNCT
dem-2895	266	22	5–31	5–31	PROPN
dem-2895	266	23	24	24	NUM
dem-2895	266	24	table	table	NOUN
dem-2895	266	25	4	4	NUM
dem-2895	266	26	.	.	PUNCT
dem-2895	267	1	linkages	linkage	NOUN
dem-2895	267	2	of	of	ADP
dem-2895	267	3	the	the	DET
dem-2895	267	4	wig20	wig20	PROPN
dem-2895	267	5	:	:	PUNCT
dem-2895	267	6	parameter	parameter	NOUN
dem-2895	267	7	estimates	estimate	NOUN
dem-2895	267	8	for	for	ADP
dem-2895	267	9	the	the	DET
dem-2895	267	10	msc	msc	PROPN
dem-2895	267	11	models	model	NOUN
dem-2895	267	12	.	.	PUNCT
dem-2895	268	1	standard	standard	ADJ
dem-2895	268	2	errors	error	NOUN
dem-2895	268	3	in	in	ADP
dem-2895	268	4	parentheses	parenthesis	NOUN
dem-2895	268	5	wig20	wig20	VERB
dem-2895	268	6	and	and	CCONJ
dem-2895	268	7	dax	dax	VERB
dem-2895	268	8	s&p	s&p	PROPN
dem-2895	268	9	500	500	NUM
dem-2895	268	10	s&p	s&p	PROPN
dem-2895	268	11	500(–1	500(–1	NUM
dem-2895	268	12	)	)	PUNCT
dem-2895	268	13	11p	11p	NUM
dem-2895	268	14	0.9995	0.9995	NUM
dem-2895	268	15	22p	22p	NOUN
dem-2895	268	16	0.9962	0.9962	NUM
dem-2895	268	17	copula	copula	NOUN
dem-2895	268	18	in	in	ADP
dem-2895	268	19	regime	regime	NOUN
dem-2895	268	20	1	1	NUM
dem-2895	268	21	gausscρ	gausscρ	NOUN
dem-2895	268	22	gausscρ	gausscρ	PROPN
dem-2895	268	23	ρ	ρ	NOUN
dem-2895	268	24	0.6529	0.6529	NUM
dem-2895	268	25	(	(	PUNCT
dem-2895	268	26	0.0127	0.0127	NUM
dem-2895	268	27	)	)	PUNCT
dem-2895	268	28	0.3936	0.3936	NUM
dem-2895	268	29	(	(	PUNCT
dem-2895	268	30	0.0177	0.0177	NUM
dem-2895	268	31	)	)	PUNCT
dem-2895	268	32	spearman	spearman	NOUN
dem-2895	268	33	’s	’s	PART
dem-2895	268	34	rho	rho	ADJ
dem-2895	268	35	0.6531	0.6531	NUM
dem-2895	268	36	0.3783	0.3783	NUM
dem-2895	268	37	copula	copula	NOUN
dem-2895	268	38	in	in	ADP
dem-2895	268	39	regime	regime	NOUN
dem-2895	268	40	2	2	NUM
dem-2895	268	41	clayton	clayton	PROPN
dem-2895	268	42	γc	γc	PROPN
dem-2895	268	43	claytonjoe	claytonjoe	PROPN
dem-2895	268	44	,	,	PUNCT
dem-2895	268	45	−	−	PROPN
dem-2895	268	46	γκc	γκc	NOUN
dem-2895	268	47	κ	κ	ADP
dem-2895	268	48	1.0406	1.0406	NUM
dem-2895	268	49	(	(	PUNCT
dem-2895	268	50	0.0205	0.0205	NUM
dem-2895	268	51	)	)	PUNCT
dem-2895	268	52	γ	γ	PROPN
dem-2895	268	53	0.6132	0.6132	NUM
dem-2895	268	54	(	(	PUNCT
dem-2895	268	55	0.0737	0.0737	NUM
dem-2895	268	56	)	)	PUNCT
dem-2895	268	57	0.1895	0.1895	NUM
dem-2895	268	58	(	(	PUNCT
dem-2895	268	59	0.0291	0.0291	NUM
dem-2895	268	60	)	)	PUNCT
dem-2895	268	61	lλ	lλ	NOUN
dem-2895	268	62	0.3229	0.3229	NUM
dem-2895	268	63	0.0258	0.0258	NUM
dem-2895	268	64	uλ	uλ	ADP
dem-2895	268	65	0.0534	0.0534	NUM
dem-2895	268	66	spearman	spearman	NOUN
dem-2895	268	67	’s	’s	PART
dem-2895	268	68	rho	rho	ADJ
dem-2895	268	69	0.3440	0.3440	NUM
dem-2895	268	70	0.1570	0.1570	NUM
dem-2895	268	71	as	as	SCONJ
dem-2895	268	72	it	it	PRON
dem-2895	268	73	was	be	AUX
dem-2895	268	74	mentioned	mention	VERB
dem-2895	268	75	earlier	early	ADV
dem-2895	268	76	,	,	PUNCT
dem-2895	268	77	we	we	PRON
dem-2895	268	78	used	use	VERB
dem-2895	268	79	the	the	DET
dem-2895	268	80	model	model	NOUN
dem-2895	268	81	confidence	confidence	NOUN
dem-2895	268	82	set	set	VERB
dem-2895	268	83	methodology	methodology	NOUN
dem-2895	268	84	,	,	PUNCT
dem-2895	268	85	described	describe	VERB
dem-2895	268	86	in	in	ADP
dem-2895	268	87	section	section	NOUN
dem-2895	268	88	3	3	NUM
dem-2895	268	89	,	,	PUNCT
dem-2895	268	90	to	to	PART
dem-2895	268	91	compare	compare	VERB
dem-2895	268	92	the	the	DET
dem-2895	268	93	average	average	ADJ
dem-2895	268	94	strength	strength	NOUN
dem-2895	268	95	of	of	ADP
dem-2895	268	96	dependencies	dependency	NOUN
dem-2895	268	97	for	for	ADP
dem-2895	268	98	the	the	DET
dem-2895	268	99	considered	consider	VERB
dem-2895	268	100	pairs	pair	NOUN
dem-2895	268	101	of	of	ADP
dem-2895	268	102	indices	index	NOUN
dem-2895	268	103	.	.	PUNCT
dem-2895	269	1	table	table	NOUN
dem-2895	269	2	5	5	NUM
dem-2895	269	3	presents	present	VERB
dem-2895	269	4	the	the	DET
dem-2895	269	5	comparison	comparison	NOUN
dem-2895	269	6	results	result	VERB
dem-2895	269	7	for	for	ADP
dem-2895	269	8	the	the	DET
dem-2895	269	9	strength	strength	NOUN
dem-2895	269	10	of	of	ADP
dem-2895	269	11	dependencies	dependency	NOUN
dem-2895	269	12	in	in	ADP
dem-2895	269	13	the	the	DET
dem-2895	269	14	form	form	NOUN
dem-2895	269	15	of	of	ADP
dem-2895	269	16	a	a	DET
dem-2895	269	17	ranking	ranking	NOUN
dem-2895	269	18	,	,	PUNCT
dem-2895	269	19	where	where	SCONJ
dem-2895	269	20	a	a	DET
dem-2895	269	21	higher	high	ADJ
dem-2895	269	22	score	score	NOUN
dem-2895	269	23	means	mean	VERB
dem-2895	269	24	stronger	strong	ADJ
dem-2895	269	25	average	average	ADJ
dem-2895	269	26	dependence	dependence	NOUN
dem-2895	269	27	.	.	PUNCT
dem-2895	270	1	the	the	DET
dem-2895	270	2	mcs	mcs	PROPN
dem-2895	270	3	procedure	procedure	NOUN
dem-2895	270	4	is	be	AUX
dem-2895	270	5	applied	apply	VERB
dem-2895	270	6	sequentially	sequentially	ADV
dem-2895	270	7	–	–	PUNCT
dem-2895	270	8	after	after	ADP
dem-2895	270	9	each	each	DET
dem-2895	270	10	run	run	NOUN
dem-2895	270	11	,	,	PUNCT
dem-2895	270	12	the	the	DET
dem-2895	270	13	series	series	NOUN
dem-2895	270	14	constituting	constitute	VERB
dem-2895	270	15	the	the	DET
dem-2895	270	16	mcs	mcs	PROPN
dem-2895	270	17	obtain	obtain	VERB
dem-2895	270	18	the	the	DET
dem-2895	270	19	subsequent	subsequent	ADJ
dem-2895	270	20	score	score	NOUN
dem-2895	270	21	and	and	CCONJ
dem-2895	270	22	are	be	AUX
dem-2895	270	23	excluded	exclude	VERB
dem-2895	270	24	.	.	PUNCT
dem-2895	271	1	in	in	ADP
dem-2895	271	2	the	the	DET
dem-2895	271	3	case	case	NOUN
dem-2895	271	4	where	where	SCONJ
dem-2895	271	5	the	the	DET
dem-2895	271	6	mcs	mcs	PROPN
dem-2895	271	7	consists	consist	VERB
dem-2895	271	8	of	of	ADP
dem-2895	271	9	at	at	ADV
dem-2895	271	10	least	least	ADV
dem-2895	271	11	two	two	NUM
dem-2895	271	12	elements	element	NOUN
dem-2895	271	13	,	,	PUNCT
dem-2895	271	14	the	the	DET
dem-2895	271	15	arithmetic	arithmetic	ADJ
dem-2895	271	16	mean	mean	NOUN
dem-2895	271	17	of	of	ADP
dem-2895	271	18	the	the	DET
dem-2895	271	19	corresponding	corresponding	ADJ
dem-2895	271	20	scores	score	NOUN
dem-2895	271	21	is	be	AUX
dem-2895	271	22	assigned	assign	VERB
dem-2895	271	23	to	to	ADP
dem-2895	271	24	each	each	PRON
dem-2895	271	25	of	of	ADP
dem-2895	271	26	them	they	PRON
dem-2895	271	27	.	.	PUNCT
dem-2895	272	1	the	the	DET
dem-2895	272	2	procedure	procedure	NOUN
dem-2895	272	3	is	be	AUX
dem-2895	272	4	applied	apply	VERB
dem-2895	272	5	to	to	ADP
dem-2895	272	6	the	the	DET
dem-2895	272	7	series	series	NOUN
dem-2895	272	8	of	of	ADP
dem-2895	272	9	the	the	DET
dem-2895	272	10	smoothed	smooth	VERB
dem-2895	272	11	values	value	NOUN
dem-2895	272	12	of	of	ADP
dem-2895	272	13	spearman	spearman	NOUN
dem-2895	272	14	’s	’s	PART
dem-2895	272	15	rho	rho	ADJ
dem-2895	272	16	and	and	CCONJ
dem-2895	272	17	tail	tail	NOUN
dem-2895	272	18	dependence	dependence	NOUN
dem-2895	272	19	coefficients	coefficient	NOUN
dem-2895	272	20	.	.	PUNCT
dem-2895	273	1	all	all	DET
dem-2895	273	2	the	the	DET
dem-2895	273	3	mcss	mcss	PROPN
dem-2895	273	4	have	have	AUX
dem-2895	273	5	been	be	AUX
dem-2895	273	6	estimated	estimate	VERB
dem-2895	273	7	(	(	PUNCT
dem-2895	273	8	with	with	ADP
dem-2895	273	9	the	the	DET
dem-2895	273	10	significance	significance	NOUN
dem-2895	273	11	level	level	NOUN
dem-2895	273	12	0.1α	0.1α	NUM
dem-2895	273	13	=	=	SYM
dem-2895	273	14	)	)	PUNCT
dem-2895	273	15	using	use	VERB
dem-2895	273	16	the	the	DET
dem-2895	273	17	package	package	NOUN
dem-2895	273	18	mulcom	mulcom	PROPN
dem-2895	273	19	of	of	ADP
dem-2895	273	20	hansen	hansen	PROPN
dem-2895	273	21	and	and	CCONJ
dem-2895	273	22	lunde	lunde	PROPN
dem-2895	273	23	(	(	PUNCT
dem-2895	273	24	2010	2010	NUM
dem-2895	273	25	)	)	PUNCT
dem-2895	273	26	.	.	PUNCT
dem-2895	274	1	the	the	DET
dem-2895	274	2	ranking	ranking	NOUN
dem-2895	274	3	results	result	NOUN
dem-2895	274	4	for	for	ADP
dem-2895	274	5	spearman	spearman	NOUN
dem-2895	274	6	’s	’s	PART
dem-2895	274	7	rho	rho	NOUN
dem-2895	274	8	differ	differ	VERB
dem-2895	274	9	from	from	ADP
dem-2895	274	10	those	those	PRON
dem-2895	274	11	concerning	concern	VERB
dem-2895	274	12	the	the	DET
dem-2895	274	13	lower	low	ADJ
dem-2895	274	14	tail	tail	NOUN
dem-2895	274	15	dependence	dependence	NOUN
dem-2895	274	16	coefficient	coefficient	NOUN
dem-2895	274	17	.	.	PUNCT
dem-2895	275	1	generally	generally	ADV
dem-2895	275	2	,	,	PUNCT
dem-2895	275	3	however	however	ADV
dem-2895	275	4	,	,	PUNCT
dem-2895	275	5	we	we	PRON
dem-2895	275	6	can	can	AUX
dem-2895	275	7	say	say	VERB
dem-2895	275	8	that	that	SCONJ
dem-2895	275	9	in	in	ADP
dem-2895	275	10	average	average	ADJ
dem-2895	275	11	the	the	DET
dem-2895	275	12	linkages	linkage	NOUN
dem-2895	275	13	between	between	ADP
dem-2895	275	14	the	the	DET
dem-2895	275	15	bux	bux	PROPN
dem-2895	275	16	,	,	PUNCT
dem-2895	275	17	px	px	PROPN
dem-2895	275	18	and	and	CCONJ
dem-2895	275	19	wig20	wig20	PROPN
dem-2895	275	20	are	be	AUX
dem-2895	275	21	stronger	strong	ADJ
dem-2895	275	22	than	than	ADP
dem-2895	275	23	the	the	DET
dem-2895	275	24	dependencies	dependency	NOUN
dem-2895	275	25	between	between	ADP
dem-2895	275	26	each	each	PRON
dem-2895	275	27	of	of	ADP
dem-2895	275	28	them	they	PRON
dem-2895	275	29	and	and	CCONJ
dem-2895	275	30	the	the	DET
dem-2895	275	31	dax	dax	NOUN
dem-2895	275	32	or	or	CCONJ
dem-2895	275	33	s&p	s&p	PROPN
dem-2895	275	34	500	500	NUM
dem-2895	275	35	.	.	PUNCT
dem-2895	276	1	the	the	DET
dem-2895	276	2	only	only	ADJ
dem-2895	276	3	exception	exception	NOUN
dem-2895	276	4	is	be	AUX
dem-2895	276	5	for	for	ADP
dem-2895	276	6	the	the	DET
dem-2895	276	7	px	px	PROPN
dem-2895	276	8	index	index	NOUN
dem-2895	276	9	where	where	SCONJ
dem-2895	276	10	the	the	DET
dem-2895	276	11	mean	mean	ADJ
dem-2895	276	12	levels	level	NOUN
dem-2895	276	13	of	of	ADP
dem-2895	276	14	the	the	DET
dem-2895	276	15	lower	low	ADJ
dem-2895	276	16	tail	tail	NOUN
dem-2895	276	17	dependence	dependence	NOUN
dem-2895	276	18	coefficient	coefficient	NOUN
dem-2895	276	19	for	for	ADP
dem-2895	276	20	(	(	PUNCT
dem-2895	276	21	px	px	PROPN
dem-2895	276	22	,	,	PUNCT
dem-2895	276	23	wig20	wig20	PROPN
dem-2895	276	24	)	)	PUNCT
dem-2895	276	25	and	and	CCONJ
dem-2895	276	26	(	(	PUNCT
dem-2895	276	27	px	px	PROPN
dem-2895	276	28	,	,	PUNCT
dem-2895	276	29	s&p	s&p	PROPN
dem-2895	276	30	500	500	NUM
dem-2895	276	31	)	)	PUNCT
dem-2895	276	32	are	be	AUX
dem-2895	276	33	statistically	statistically	ADV
dem-2895	276	34	indistinguishable	indistinguishable	ADJ
dem-2895	276	35	.	.	PUNCT
dem-2895	277	1	the	the	DET
dem-2895	277	2	results	result	NOUN
dem-2895	277	3	indicate	indicate	VERB
dem-2895	277	4	the	the	DET
dem-2895	277	5	importance	importance	NOUN
dem-2895	277	6	of	of	ADP
dem-2895	277	7	the	the	DET
dem-2895	277	8	wig20	wig20	PROPN
dem-2895	277	9	as	as	ADV
dem-2895	277	10	far	far	ADV
dem-2895	277	11	as	as	SCONJ
dem-2895	277	12	we	we	PRON
dem-2895	277	13	measure	measure	VERB
dem-2895	277	14	average	average	ADJ
dem-2895	277	15	dependence	dependence	NOUN
dem-2895	277	16	using	use	VERB
dem-2895	277	17	spearman	spearman	NOUN
dem-2895	277	18	’s	’s	PART
dem-2895	277	19	rho	rho	NOUN
dem-2895	277	20	.	.	PUNCT
dem-2895	278	1	the	the	DET
dem-2895	278	2	pattern	pattern	NOUN
dem-2895	278	3	for	for	ADP
dem-2895	278	4	dethe	dethe	ADJ
dem-2895	278	5	dynamics	dynamic	NOUN
dem-2895	278	6	and	and	CCONJ
dem-2895	278	7	strength	strength	NOUN
dem-2895	278	8	of	of	ADP
dem-2895	278	9	linkages	linkage	NOUN
dem-2895	278	10	between	between	ADP
dem-2895	278	11	the	the	DET
dem-2895	278	12	stock	stock	NOUN
dem-2895	278	13	markets	market	NOUN
dem-2895	278	14	…	…	PUNCT
dem-2895	278	15	dynamic	dynamic	ADJ
dem-2895	278	16	econometric	econometric	ADJ
dem-2895	278	17	models	model	NOUN
dem-2895	278	18	3	3	NUM
dem-2895	278	19	(	(	PUNCT
dem-2895	278	20	2013	2013	NUM
dem-2895	278	21	)	)	PUNCT
dem-2895	278	22	5–31	5–31	PROPN
dem-2895	278	23	25	25	NUM
dem-2895	278	24	pendencies	pendencie	NOUN
dem-2895	278	25	in	in	ADP
dem-2895	278	26	lower	low	ADJ
dem-2895	278	27	tail	tail	NOUN
dem-2895	278	28	is	be	AUX
dem-2895	278	29	more	more	ADV
dem-2895	278	30	complicated	complicated	ADJ
dem-2895	278	31	.	.	PUNCT
dem-2895	279	1	in	in	ADP
dem-2895	279	2	the	the	DET
dem-2895	279	3	case	case	NOUN
dem-2895	279	4	of	of	ADP
dem-2895	279	5	the	the	DET
dem-2895	279	6	bux	bux	PROPN
dem-2895	279	7	,	,	PUNCT
dem-2895	279	8	the	the	DET
dem-2895	279	9	highest	high	ADJ
dem-2895	279	10	score	score	NOUN
dem-2895	279	11	is	be	AUX
dem-2895	279	12	assigned	assign	VERB
dem-2895	279	13	to	to	ADP
dem-2895	279	14	the	the	DET
dem-2895	279	15	pair	pair	NOUN
dem-2895	279	16	(	(	PUNCT
dem-2895	279	17	bux	bux	NOUN
dem-2895	279	18	,	,	PUNCT
dem-2895	279	19	px	px	PROPN
dem-2895	279	20	)	)	PUNCT
dem-2895	279	21	.	.	PUNCT
dem-2895	280	1	accordingly	accordingly	ADV
dem-2895	280	2	,	,	PUNCT
dem-2895	280	3	for	for	ADP
dem-2895	280	4	the	the	DET
dem-2895	280	5	px	px	PROPN
dem-2895	280	6	this	this	PRON
dem-2895	280	7	is	be	AUX
dem-2895	280	8	so	so	ADV
dem-2895	280	9	for	for	ADP
dem-2895	280	10	the	the	DET
dem-2895	280	11	pairs	pair	NOUN
dem-2895	280	12	(	(	PUNCT
dem-2895	280	13	px	px	PROPN
dem-2895	280	14	,	,	PUNCT
dem-2895	280	15	wig20	wig20	PROPN
dem-2895	280	16	)	)	PUNCT
dem-2895	280	17	and	and	CCONJ
dem-2895	280	18	(	(	PUNCT
dem-2895	280	19	px	px	PROPN
dem-2895	280	20	,	,	PUNCT
dem-2895	280	21	s&p	s&p	PROPN
dem-2895	280	22	500	500	NUM
dem-2895	280	23	)	)	PUNCT
dem-2895	280	24	,	,	PUNCT
dem-2895	280	25	and	and	CCONJ
dem-2895	280	26	for	for	ADP
dem-2895	280	27	the	the	DET
dem-2895	280	28	wig20	wig20	PROPN
dem-2895	280	29	–	–	PUNCT
dem-2895	280	30	for	for	ADP
dem-2895	280	31	the	the	DET
dem-2895	280	32	pair	pair	NOUN
dem-2895	280	33	(	(	PUNCT
dem-2895	280	34	wig20	wig20	PROPN
dem-2895	280	35	,	,	PUNCT
dem-2895	280	36	bux	bux	PROPN
dem-2895	280	37	)	)	PUNCT
dem-2895	280	38	.	.	PUNCT
dem-2895	281	1	figure	figure	NOUN
dem-2895	281	2	9	9	NUM
dem-2895	281	3	.	.	PUNCT
dem-2895	281	4	dependencies	dependency	NOUN
dem-2895	281	5	between	between	ADP
dem-2895	281	6	the	the	DET
dem-2895	281	7	wig20	wig20	PROPN
dem-2895	281	8	and	and	CCONJ
dem-2895	281	9	the	the	DET
dem-2895	281	10	other	other	ADJ
dem-2895	281	11	indices	index	NOUN
dem-2895	281	12	.	.	PUNCT
dem-2895	282	1	estimates	estimate	NOUN
dem-2895	282	2	of	of	ADP
dem-2895	282	3	spearman	spearman	NOUN
dem-2895	282	4	’s	’s	PART
dem-2895	282	5	rho	rho	ADJ
dem-2895	282	6	figure	figure	NOUN
dem-2895	282	7	10	10	NUM
dem-2895	282	8	.	.	PUNCT
dem-2895	283	1	dependencies	dependency	NOUN
dem-2895	283	2	between	between	ADP
dem-2895	283	3	the	the	DET
dem-2895	283	4	wig20	wig20	PROPN
dem-2895	283	5	and	and	CCONJ
dem-2895	283	6	the	the	DET
dem-2895	283	7	other	other	ADJ
dem-2895	283	8	indices	index	NOUN
dem-2895	283	9	.	.	PUNCT
dem-2895	284	1	estimates	estimate	NOUN
dem-2895	284	2	of	of	ADP
dem-2895	284	3	lower	low	ADJ
dem-2895	284	4	tail	tail	NOUN
dem-2895	284	5	dependence	dependence	NOUN
dem-2895	284	6	coefficient	coefficient	NOUN
dem-2895	284	7	0	0	NUM
dem-2895	284	8	0,1	0,1	NUM
dem-2895	284	9	0,2	0,2	NUM
dem-2895	284	10	0,3	0,3	NUM
dem-2895	284	11	0,4	0,4	NUM
dem-2895	284	12	0,5	0,5	NUM
dem-2895	284	13	0,6	0,6	NUM
dem-2895	284	14	0,7	0,7	NUM
dem-2895	284	15	05/05/2004	05/05/2004	NUM
dem-2895	284	16	02/25/2005	02/25/2005	NUM
dem-2895	285	1	12/28/2005	12/28/2005	NUM
dem-2895	285	2	10/20/2006	10/20/2006	NUM
dem-2895	285	3	08/24/2007	08/24/2007	NUM
dem-2895	285	4	06/24/2008	06/24/2008	NOUN
dem-2895	285	5	04/21/2009	04/21/2009	NUM
dem-2895	285	6	02/17/2010	02/17/2010	NUM
dem-2895	286	1	12/14/2010	12/14/2010	NUM
dem-2895	286	2	10/10/2011	10/10/2011	NUM
dem-2895	286	3	bux	bux	NOUN
dem-2895	286	4	px	px	PROPN
dem-2895	286	5	dax	dax	PROPN
dem-2895	286	6	s&p500	s&p500	PROPN
dem-2895	286	7	s&p500	s&p500	PROPN
dem-2895	286	8	 	 	SPACE
dem-2895	286	9	(	(	PUNCT
dem-2895	286	10	‐1	‐1	NUM
dem-2895	286	11	)	)	PUNCT
dem-2895	286	12	0	0	NUM
dem-2895	286	13	0,05	0,05	NUM
dem-2895	286	14	0,1	0,1	NUM
dem-2895	286	15	0,15	0,15	NUM
dem-2895	286	16	0,2	0,2	NUM
dem-2895	286	17	0,25	0,25	NUM
dem-2895	286	18	0,3	0,3	NUM
dem-2895	286	19	0,35	0,35	NUM
dem-2895	286	20	0,4	0,4	NUM
dem-2895	286	21	05/05/2004	05/05/2004	NOUN
dem-2895	286	22	12/15/2004	12/15/2004	NUM
dem-2895	286	23	07/29/2005	07/29/2005	NUM
dem-2895	286	24	03/08/2006	03/08/2006	NUM
dem-2895	286	25	10/20/2006	10/20/2006	NUM
dem-2895	286	26	06/11/2007	06/11/2007	NUM
dem-2895	286	27	01/25/2008	01/25/2008	NOUN
dem-2895	286	28	09/04/2008	09/04/2008	NOUN
dem-2895	286	29	04/21/2009	04/21/2009	NUM
dem-2895	286	30	12/03/2009	12/03/2009	NUM
dem-2895	286	31	07/19/2010	07/19/2010	NUM
dem-2895	286	32	02/25/2011	02/25/2011	NUM
dem-2895	286	33	10/10/2011	10/10/2011	NUM
dem-2895	286	34	05/25/2012	05/25/2012	NUM
dem-2895	286	35	bux	bux	NOUN
dem-2895	286	36	px	px	PROPN
dem-2895	286	37	dax	dax	PROPN
dem-2895	286	38	s&p500(‐1	s&p500(‐1	PROPN
dem-2895	286	39	)	)	PUNCT
dem-2895	286	40	małgorzata	małgorzata	NOUN
dem-2895	286	41	doman	doman	PROPN
dem-2895	286	42	,	,	PUNCT
dem-2895	286	43	ryszard	ryszard	NOUN
dem-2895	286	44	doman	doman	PROPN
dem-2895	286	45	dynamic	dynamic	ADJ
dem-2895	286	46	econometric	econometric	ADJ
dem-2895	286	47	models	model	NOUN
dem-2895	286	48	13	13	NUM
dem-2895	286	49	(	(	PUNCT
dem-2895	286	50	2013	2013	NUM
dem-2895	286	51	)	)	PUNCT
dem-2895	286	52	5–31	5–31	PROPN
dem-2895	286	53	26	26	NUM
dem-2895	286	54	table	table	NOUN
dem-2895	286	55	5	5	NUM
dem-2895	286	56	.	.	PUNCT
dem-2895	286	57	rankings	ranking	NOUN
dem-2895	286	58	of	of	ADP
dem-2895	286	59	average	average	ADJ
dem-2895	286	60	strength	strength	NOUN
dem-2895	286	61	of	of	ADP
dem-2895	286	62	dependencies	dependency	NOUN
dem-2895	286	63	bux	bux	PROPN
dem-2895	286	64	&	&	CCONJ
dem-2895	286	65	spearman	spearman	PROPN
dem-2895	286	66	’s	’s	PART
dem-2895	286	67	rho	rho	ADJ
dem-2895	286	68	lambda_l	lambda_l	PROPN
dem-2895	286	69	px	px	PROPN
dem-2895	286	70	&	&	CCONJ
dem-2895	286	71	spearman	spearman	PROPN
dem-2895	286	72	’s	’s	PART
dem-2895	286	73	rho	rho	ADJ
dem-2895	286	74	lambda_l	lambda_l	PROPN
dem-2895	286	75	wig20	wig20	PROPN
dem-2895	286	76	&	&	CCONJ
dem-2895	286	77	spearman	spearman	PROPN
dem-2895	286	78	’s	’s	PART
dem-2895	286	79	rho	rho	ADJ
dem-2895	286	80	lambda_l	lambda_l	NOUN
dem-2895	286	81	px	px	PROPN
dem-2895	286	82	4	4	NUM
dem-2895	286	83	5	5	NUM
dem-2895	286	84	bux	bux	NOUN
dem-2895	286	85	4	4	NUM
dem-2895	286	86	3	3	NUM
dem-2895	286	87	bux	bux	NOUN
dem-2895	286	88	5	5	NUM
dem-2895	286	89	3	3	NUM
dem-2895	286	90	wig20	wig20	VERB
dem-2895	286	91	5	5	NUM
dem-2895	286	92	4	4	NUM
dem-2895	286	93	wig20	wig20	VERB
dem-2895	286	94	5	5	NUM
dem-2895	286	95	4.5	4.5	NUM
dem-2895	286	96	px	px	PROPN
dem-2895	286	97	4	4	NUM
dem-2895	286	98	5	5	NUM
dem-2895	286	99	dax	dax	NOUN
dem-2895	286	100	3	3	NUM
dem-2895	286	101	3	3	NUM
dem-2895	286	102	dax	dax	PROPN
dem-2895	286	103	3	3	NUM
dem-2895	286	104	1.5	1.5	NUM
dem-2895	286	105	dax	dax	NOUN
dem-2895	286	106	3	3	NUM
dem-2895	286	107	4	4	NUM
dem-2895	286	108	s&p	s&p	PROPN
dem-2895	286	109	500	500	NUM
dem-2895	286	110	2	2	NUM
dem-2895	286	111	2	2	NUM
dem-2895	286	112	s&p	s&p	PROPN
dem-2895	286	113	500	500	NUM
dem-2895	286	114	2	2	NUM
dem-2895	286	115	4.5	4.5	NUM
dem-2895	286	116	s&p	s&p	PROPN
dem-2895	286	117	500	500	NUM
dem-2895	286	118	2	2	NUM
dem-2895	286	119	1	1	NUM
dem-2895	286	120	s&p	s&p	PROPN
dem-2895	286	121	500	500	NUM
dem-2895	286	122	(	(	PUNCT
dem-2895	286	123	-1	-1	ADJ
dem-2895	286	124	)	)	PUNCT
dem-2895	286	125	1	1	NUM
dem-2895	286	126	1	1	NUM
dem-2895	286	127	s&p	s&p	PROPN
dem-2895	286	128	500	500	NUM
dem-2895	286	129	(	(	PUNCT
dem-2895	286	130	-1	-1	ADJ
dem-2895	286	131	)	)	PUNCT
dem-2895	286	132	1	1	NUM
dem-2895	286	133	1.5	1.5	NUM
dem-2895	286	134	s&p	s&p	PROPN
dem-2895	286	135	500	500	NUM
dem-2895	286	136	(	(	PUNCT
dem-2895	286	137	-1	-1	ADJ
dem-2895	286	138	)	)	PUNCT
dem-2895	286	139	1	1	NUM
dem-2895	286	140	2	2	NUM
dem-2895	286	141	figure	figure	NOUN
dem-2895	286	142	11	11	NUM
dem-2895	286	143	.	.	PUNCT
dem-2895	286	144	smoothed	smooth	VERB
dem-2895	286	145	probabilities	probability	NOUN
dem-2895	286	146	of	of	ADP
dem-2895	286	147	the	the	DET
dem-2895	286	148	regime	regime	NOUN
dem-2895	286	149	with	with	ADP
dem-2895	286	150	tail	tail	NOUN
dem-2895	286	151	dependence	dependence	NOUN
dem-2895	286	152	for	for	ADP
dem-2895	286	153	pairs	pair	NOUN
dem-2895	286	154	(	(	PUNCT
dem-2895	286	155	bux	bux	NOUN
dem-2895	286	156	,	,	PUNCT
dem-2895	286	157	px	px	PROPN
dem-2895	286	158	)	)	PUNCT
dem-2895	286	159	,	,	PUNCT
dem-2895	286	160	(	(	PUNCT
dem-2895	286	161	bux	bux	NOUN
dem-2895	286	162	,	,	PUNCT
dem-2895	286	163	wig20	wig20	PROPN
dem-2895	286	164	)	)	PUNCT
dem-2895	286	165	and	and	CCONJ
dem-2895	286	166	(	(	PUNCT
dem-2895	286	167	px	px	PROPN
dem-2895	286	168	,	,	PUNCT
dem-2895	286	169	wig20	wig20	PROPN
dem-2895	286	170	)	)	PUNCT
dem-2895	286	171	usually	usually	ADV
dem-2895	286	172	in	in	ADP
dem-2895	286	173	literature	literature	NOUN
dem-2895	286	174	,	,	PUNCT
dem-2895	286	175	the	the	DET
dem-2895	286	176	presence	presence	NOUN
dem-2895	286	177	of	of	ADP
dem-2895	286	178	tail	tail	NOUN
dem-2895	286	179	dependence	dependence	NOUN
dem-2895	286	180	is	be	AUX
dem-2895	286	181	linked	link	VERB
dem-2895	286	182	with	with	ADP
dem-2895	286	183	the	the	DET
dem-2895	286	184	turmoil	turmoil	NOUN
dem-2895	286	185	periods	period	NOUN
dem-2895	286	186	in	in	ADP
dem-2895	286	187	markets	market	NOUN
dem-2895	286	188	.	.	PUNCT
dem-2895	287	1	the	the	DET
dem-2895	287	2	plots	plot	NOUN
dem-2895	287	3	presented	present	VERB
dem-2895	287	4	in	in	ADP
dem-2895	287	5	figures	figure	NOUN
dem-2895	287	6	11–13	11–13	NUM
dem-2895	287	7	allow	allow	VERB
dem-2895	287	8	to	to	PART
dem-2895	287	9	determine	determine	VERB
dem-2895	287	10	the	the	DET
dem-2895	287	11	moments	moment	NOUN
dem-2895	287	12	of	of	ADP
dem-2895	287	13	switching	switch	VERB
dem-2895	287	14	on	on	ADP
dem-2895	287	15	the	the	DET
dem-2895	287	16	regime	regime	NOUN
dem-2895	287	17	with	with	ADP
dem-2895	287	18	tail	tail	NOUN
dem-2895	287	19	dependence	dependence	NOUN
dem-2895	287	20	.	.	PUNCT
dem-2895	288	1	first	first	ADJ
dem-2895	288	2	observation	observation	NOUN
dem-2895	288	3	is	be	AUX
dem-2895	288	4	that	that	SCONJ
dem-2895	288	5	the	the	DET
dem-2895	288	6	changes	change	NOUN
dem-2895	288	7	of	of	ADP
dem-2895	288	8	regimes	regime	NOUN
dem-2895	288	9	are	be	AUX
dem-2895	288	10	very	very	ADV
dem-2895	288	11	frequent	frequent	ADJ
dem-2895	288	12	as	as	ADV
dem-2895	288	13	far	far	ADV
dem-2895	288	14	as	as	SCONJ
dem-2895	288	15	we	we	PRON
dem-2895	288	16	consider	consider	VERB
dem-2895	288	17	the	the	DET
dem-2895	288	18	three	three	NUM
dem-2895	288	19	pairs	pair	NOUN
dem-2895	288	20	of	of	ADP
dem-2895	288	21	the	the	DET
dem-2895	288	22	analyzed	analyze	VERB
dem-2895	288	23	emerging	emerge	VERB
dem-2895	288	24	markets	market	NOUN
dem-2895	288	25	(	(	PUNCT
dem-2895	288	26	figure	figure	NOUN
dem-2895	288	27	9	9	NUM
dem-2895	288	28	)	)	PUNCT
dem-2895	288	29	.	.	PUNCT
dem-2895	289	1	if	if	SCONJ
dem-2895	289	2	tail	tail	NOUN
dem-2895	289	3	dependence	dependence	NOUN
dem-2895	289	4	is	be	AUX
dem-2895	289	5	present	present	ADJ
dem-2895	289	6	for	for	SCONJ
dem-2895	289	7	the	the	DET
dem-2895	289	8	pair	pair	NOUN
dem-2895	289	9	(	(	PUNCT
dem-2895	289	10	bux	bux	NOUN
dem-2895	289	11	,	,	PUNCT
dem-2895	289	12	wig20	wig20	PROPN
dem-2895	289	13	)	)	PUNCT
dem-2895	289	14	it	it	PRON
dem-2895	289	15	is	be	AUX
dem-2895	289	16	usually	usually	ADV
dem-2895	289	17	present	present	ADJ
dem-2895	289	18	for	for	ADP
dem-2895	289	19	the	the	DET
dem-2895	289	20	two	two	NUM
dem-2895	289	21	other	other	ADJ
dem-2895	289	22	pairs	pair	NOUN
dem-2895	289	23	.	.	PUNCT
dem-2895	290	1	however	however	ADV
dem-2895	290	2	,	,	PUNCT
dem-2895	290	3	for	for	ADP
dem-2895	290	4	the	the	DET
dem-2895	290	5	pairs	pair	NOUN
dem-2895	290	6	(	(	PUNCT
dem-2895	290	7	bux	bux	NOUN
dem-2895	290	8	,	,	PUNCT
dem-2895	290	9	px	px	PROPN
dem-2895	290	10	)	)	PUNCT
dem-2895	290	11	and	and	CCONJ
dem-2895	290	12	(	(	PUNCT
dem-2895	290	13	px	px	PROPN
dem-2895	290	14	,	,	PUNCT
dem-2895	290	15	wig20	wig20	PROPN
dem-2895	290	16	)	)	PUNCT
dem-2895	290	17	,	,	PUNCT
dem-2895	290	18	there	there	PRON
dem-2895	290	19	occur	occur	VERB
dem-2895	290	20	some	some	DET
dem-2895	290	21	additional	additional	ADJ
dem-2895	290	22	periods	period	NOUN
dem-2895	290	23	with	with	ADP
dem-2895	290	24	tail	tail	NOUN
dem-2895	290	25	dependence	dependence	NOUN
dem-2895	290	26	.	.	PUNCT
dem-2895	291	1	tail	tail	NOUN
dem-2895	291	2	dependence	dependence	NOUN
dem-2895	291	3	between	between	ADP
dem-2895	291	4	the	the	DET
dem-2895	291	5	considered	consider	VERB
dem-2895	291	6	emerging	emerge	VERB
dem-2895	291	7	markets	market	NOUN
dem-2895	291	8	and	and	CCONJ
dem-2895	291	9	the	the	DET
dem-2895	291	10	german	german	ADJ
dem-2895	291	11	market	market	NOUN
dem-2895	291	12	disappeared	disappear	VERB
dem-2895	291	13	in	in	ADP
dem-2895	291	14	2006	2006	NUM
dem-2895	291	15	.	.	PUNCT
dem-2895	292	1	in	in	ADP
dem-2895	292	2	the	the	DET
dem-2895	292	3	case	case	NOUN
dem-2895	292	4	of	of	ADP
dem-2895	292	5	the	the	DET
dem-2895	292	6	pair	pair	NOUN
dem-2895	292	7	(	(	PUNCT
dem-2895	292	8	px	px	PROPN
dem-2895	292	9	,	,	PUNCT
dem-2895	292	10	dax	dax	PROPN
dem-2895	292	11	)	)	PUNCT
dem-2895	292	12	,	,	PUNCT
dem-2895	292	13	it	it	PRON
dem-2895	292	14	appeared	appear	VERB
dem-2895	292	15	again	again	ADV
dem-2895	292	16	during	during	ADP
dem-2895	292	17	a	a	DET
dem-2895	292	18	short	short	ADJ
dem-2895	292	19	period	period	NOUN
dem-2895	292	20	from	from	ADP
dem-2895	292	21	july	july	PROPN
dem-2895	292	22	2009	2009	NUM
dem-2895	292	23	to	to	ADP
dem-2895	292	24	february	february	PROPN
dem-2895	292	25	2010	2010	NUM
dem-2895	292	26	.	.	PUNCT
dem-2895	293	1	for	for	ADP
dem-2895	293	2	the	the	DET
dem-2895	293	3	pair	pair	NOUN
dem-2895	293	4	(	(	PUNCT
dem-2895	293	5	bux	bux	NOUN
dem-2895	293	6	,	,	PUNCT
dem-2895	293	7	s&p	s&p	PROPN
dem-2895	293	8	500(–1	500(–1	NUM
dem-2895	293	9	)	)	PUNCT
dem-2895	293	10	)	)	PUNCT
dem-2895	293	11	,	,	PUNCT
dem-2895	293	12	tail	tail	NOUN
dem-2895	293	13	dependence	dependence	NOUN
dem-2895	293	14	has	have	AUX
dem-2895	293	15	occurred	occur	VERB
dem-2895	293	16	since	since	SCONJ
dem-2895	293	17	september	september	PROPN
dem-2895	293	18	2008	2008	NUM
dem-2895	293	19	(	(	PUNCT
dem-2895	293	20	the	the	DET
dem-2895	293	21	crisis	crisis	NOUN
dem-2895	293	22	effect	effect	NOUN
dem-2895	293	23	)	)	PUNCT
dem-2895	293	24	,	,	PUNCT
dem-2895	293	25	and	and	CCONJ
dem-2895	293	26	for	for	ADP
dem-2895	293	27	(	(	PUNCT
dem-2895	293	28	wig20	wig20	PROPN
dem-2895	293	29	,	,	PUNCT
dem-2895	293	30	s&p500(–1	s&p500(–1	NOUN
dem-2895	293	31	)	)	PUNCT
dem-2895	293	32	)	)	PUNCT
dem-2895	293	33	,	,	PUNCT
dem-2895	293	34	it	it	PRON
dem-2895	293	35	is	be	AUX
dem-2895	293	36	present	present	ADJ
dem-2895	293	37	during	during	ADP
dem-2895	293	38	all	all	DET
dem-2895	293	39	the	the	DET
dem-2895	293	40	sample	sample	NOUN
dem-2895	293	41	period	period	NOUN
dem-2895	293	42	.	.	PUNCT
dem-2895	294	1	in	in	ADP
dem-2895	294	2	the	the	DET
dem-2895	294	3	0	0	NUM
dem-2895	294	4	0,2	0,2	NUM
dem-2895	294	5	0,4	0,4	NUM
dem-2895	294	6	0,6	0,6	NUM
dem-2895	294	7	0,8	0,8	NUM
dem-2895	294	8	1	1	NUM
dem-2895	294	9	1,2	1,2	NUM
dem-2895	294	10	05/05/2004	05/05/2004	NOUN
dem-2895	294	11	12/15/2004	12/15/2004	NUM
dem-2895	294	12	07/29/2005	07/29/2005	NUM
dem-2895	294	13	03/08/2006	03/08/2006	NUM
dem-2895	294	14	10/20/2006	10/20/2006	NUM
dem-2895	294	15	06/11/2007	06/11/2007	NUM
dem-2895	294	16	01/25/2008	01/25/2008	NOUN
dem-2895	294	17	09/04/2008	09/04/2008	NOUN
dem-2895	294	18	04/21/2009	04/21/2009	NUM
dem-2895	294	19	12/03/2009	12/03/2009	NUM
dem-2895	294	20	07/19/2010	07/19/2010	NUM
dem-2895	294	21	02/25/2011	02/25/2011	NUM
dem-2895	295	1	10/10/2011	10/10/2011	NUM
dem-2895	295	2	05/25/2012	05/25/2012	NUM
dem-2895	295	3	bux‐px	bux‐px	PROPN
dem-2895	295	4	bux‐wig20	bux‐wig20	PROPN
dem-2895	295	5	px‐wig20	px‐wig20	VERB
dem-2895	295	6	the	the	DET
dem-2895	295	7	dynamics	dynamic	NOUN
dem-2895	295	8	and	and	CCONJ
dem-2895	295	9	strength	strength	NOUN
dem-2895	295	10	of	of	ADP
dem-2895	295	11	linkages	linkage	NOUN
dem-2895	295	12	between	between	ADP
dem-2895	295	13	the	the	DET
dem-2895	295	14	stock	stock	NOUN
dem-2895	295	15	markets	market	NOUN
dem-2895	295	16	…	…	PUNCT
dem-2895	295	17	dynamic	dynamic	ADJ
dem-2895	295	18	econometric	econometric	ADJ
dem-2895	295	19	models	model	NOUN
dem-2895	295	20	3	3	NUM
dem-2895	295	21	(	(	PUNCT
dem-2895	295	22	2013	2013	NUM
dem-2895	295	23	)	)	PUNCT
dem-2895	295	24	5–31	5–31	PROPN
dem-2895	295	25	27	27	NUM
dem-2895	295	26	case	case	NOUN
dem-2895	295	27	of	of	ADP
dem-2895	295	28	(	(	PUNCT
dem-2895	295	29	px	px	PROPN
dem-2895	295	30	,	,	PUNCT
dem-2895	295	31	s&p	s&p	PROPN
dem-2895	295	32	500(–1	500(–1	NUM
dem-2895	295	33	)	)	PUNCT
dem-2895	295	34	)	)	PUNCT
dem-2895	295	35	,	,	PUNCT
dem-2895	295	36	the	the	DET
dem-2895	295	37	pattern	pattern	NOUN
dem-2895	295	38	is	be	AUX
dem-2895	295	39	more	more	ADV
dem-2895	295	40	complicated	complicated	ADJ
dem-2895	295	41	because	because	SCONJ
dem-2895	295	42	periods	period	NOUN
dem-2895	295	43	with	with	ADP
dem-2895	295	44	tail	tail	NOUN
dem-2895	295	45	dependence	dependence	NOUN
dem-2895	295	46	appear	appear	VERB
dem-2895	295	47	and	and	CCONJ
dem-2895	295	48	disappear	disappear	VERB
dem-2895	295	49	cyclically	cyclically	ADV
dem-2895	295	50	.	.	PUNCT
dem-2895	296	1	tail	tail	NOUN
dem-2895	296	2	dependence	dependence	NOUN
dem-2895	296	3	in	in	ADP
dem-2895	296	4	the	the	DET
dem-2895	296	5	case	case	NOUN
dem-2895	296	6	of	of	ADP
dem-2895	296	7	(	(	PUNCT
dem-2895	296	8	wig20	wig20	PROPN
dem-2895	296	9	,	,	PUNCT
dem-2895	296	10	s&p	s&p	PROPN
dem-2895	296	11	500	500	NUM
dem-2895	296	12	)	)	PUNCT
dem-2895	296	13	is	be	AUX
dem-2895	296	14	absent	absent	ADJ
dem-2895	296	15	.	.	PUNCT
dem-2895	297	1	for	for	ADP
dem-2895	297	2	the	the	DET
dem-2895	297	3	pair	pair	NOUN
dem-2895	297	4	(	(	PUNCT
dem-2895	297	5	bux	bux	NOUN
dem-2895	297	6	,	,	PUNCT
dem-2895	297	7	s&p	s&p	PROPN
dem-2895	297	8	500	500	NUM
dem-2895	297	9	)	)	PUNCT
dem-2895	297	10	it	it	PRON
dem-2895	297	11	occurs	occur	VERB
dem-2895	297	12	in	in	ADP
dem-2895	297	13	pre	pre	ADJ
dem-2895	297	14	-	-	ADJ
dem-2895	297	15	crisis	crisis	ADJ
dem-2895	297	16	period	period	NOUN
dem-2895	297	17	,	,	PUNCT
dem-2895	297	18	and	and	CCONJ
dem-2895	297	19	for	for	ADP
dem-2895	297	20	(	(	PUNCT
dem-2895	297	21	px	px	PROPN
dem-2895	297	22	,	,	PUNCT
dem-2895	297	23	s&p	s&p	PROPN
dem-2895	297	24	500	500	NUM
dem-2895	297	25	)	)	PUNCT
dem-2895	297	26	it	it	PRON
dem-2895	297	27	is	be	AUX
dem-2895	297	28	present	present	ADJ
dem-2895	297	29	during	during	ADP
dem-2895	297	30	most	most	ADJ
dem-2895	297	31	of	of	ADP
dem-2895	297	32	the	the	DET
dem-2895	297	33	time	time	NOUN
dem-2895	297	34	in	in	ADP
dem-2895	297	35	the	the	DET
dem-2895	297	36	recent	recent	ADJ
dem-2895	297	37	crisis	crisis	NOUN
dem-2895	297	38	years	year	NOUN
dem-2895	297	39	.	.	PUNCT
dem-2895	298	1	figure	figure	NOUN
dem-2895	298	2	12	12	NUM
dem-2895	298	3	.	.	PUNCT
dem-2895	298	4	smoothed	smooth	VERB
dem-2895	298	5	probabilities	probability	NOUN
dem-2895	298	6	of	of	ADP
dem-2895	298	7	the	the	DET
dem-2895	298	8	regime	regime	NOUN
dem-2895	298	9	with	with	ADP
dem-2895	298	10	tail	tail	NOUN
dem-2895	298	11	dependence	dependence	NOUN
dem-2895	298	12	for	for	ADP
dem-2895	298	13	pairs	pair	NOUN
dem-2895	298	14	(	(	PUNCT
dem-2895	298	15	bux	bux	NOUN
dem-2895	298	16	,	,	PUNCT
dem-2895	298	17	dax	dax	PROPN
dem-2895	298	18	)	)	PUNCT
dem-2895	298	19	,	,	PUNCT
dem-2895	298	20	(	(	PUNCT
dem-2895	298	21	px	px	PROPN
dem-2895	298	22	,	,	PUNCT
dem-2895	298	23	dax	dax	PROPN
dem-2895	298	24	)	)	PUNCT
dem-2895	298	25	and	and	CCONJ
dem-2895	298	26	(	(	PUNCT
dem-2895	298	27	wig20	wig20	PROPN
dem-2895	298	28	,	,	PUNCT
dem-2895	298	29	dax	dax	PROPN
dem-2895	298	30	)	)	PUNCT
dem-2895	298	31	our	our	PRON
dem-2895	298	32	findings	finding	NOUN
dem-2895	298	33	can	can	AUX
dem-2895	298	34	be	be	AUX
dem-2895	298	35	sum	sum	VERB
dem-2895	298	36	up	up	ADP
dem-2895	298	37	as	as	SCONJ
dem-2895	298	38	follows	follow	VERB
dem-2895	298	39	.	.	PUNCT
dem-2895	299	1	dependencies	dependency	NOUN
dem-2895	299	2	between	between	ADP
dem-2895	299	3	the	the	DET
dem-2895	299	4	three	three	NUM
dem-2895	299	5	considered	consider	VERB
dem-2895	299	6	emerging	emerge	VERB
dem-2895	299	7	markets	market	NOUN
dem-2895	299	8	are	be	AUX
dem-2895	299	9	stronger	strong	ADJ
dem-2895	299	10	than	than	ADP
dem-2895	299	11	the	the	DET
dem-2895	299	12	one	one	NUM
dem-2895	299	13	of	of	ADP
dem-2895	299	14	each	each	PRON
dem-2895	299	15	of	of	ADP
dem-2895	299	16	them	they	PRON
dem-2895	299	17	with	with	ADP
dem-2895	299	18	the	the	DET
dem-2895	299	19	german	german	NOUN
dem-2895	299	20	or	or	CCONJ
dem-2895	299	21	the	the	DET
dem-2895	299	22	us	us	PROPN
dem-2895	299	23	markets	market	NOUN
dem-2895	299	24	,	,	PUNCT
dem-2895	299	25	regardless	regardless	ADV
dem-2895	299	26	of	of	ADP
dem-2895	299	27	the	the	DET
dem-2895	299	28	applied	apply	VERB
dem-2895	299	29	dependence	dependence	NOUN
dem-2895	299	30	measure	measure	NOUN
dem-2895	299	31	.	.	PUNCT
dem-2895	300	1	in	in	ADP
dem-2895	300	2	almost	almost	ADV
dem-2895	300	3	all	all	PRON
dem-2895	300	4	cases	case	NOUN
dem-2895	300	5	the	the	DET
dem-2895	300	6	dynamics	dynamic	NOUN
dem-2895	300	7	of	of	ADP
dem-2895	300	8	the	the	DET
dem-2895	300	9	dependencies	dependency	NOUN
dem-2895	300	10	is	be	AUX
dem-2895	300	11	rich	rich	ADJ
dem-2895	300	12	,	,	PUNCT
dem-2895	300	13	indicating	indicate	VERB
dem-2895	300	14	sensitivity	sensitivity	NOUN
dem-2895	300	15	on	on	ADP
dem-2895	300	16	information	information	NOUN
dem-2895	300	17	process	process	NOUN
dem-2895	300	18	.	.	PUNCT
dem-2895	301	1	the	the	DET
dem-2895	301	2	periods	period	NOUN
dem-2895	301	3	with	with	ADP
dem-2895	301	4	tails	tail	NOUN
dem-2895	301	5	dependence	dependence	NOUN
dem-2895	301	6	occur	occur	VERB
dem-2895	301	7	very	very	ADV
dem-2895	301	8	often	often	ADV
dem-2895	301	9	and	and	CCONJ
dem-2895	301	10	they	they	PRON
dem-2895	301	11	are	be	AUX
dem-2895	301	12	not	not	PART
dem-2895	301	13	necessary	necessary	ADJ
dem-2895	301	14	connected	connect	VERB
dem-2895	301	15	with	with	ADP
dem-2895	301	16	crisis	crisis	NOUN
dem-2895	301	17	periods	period	NOUN
dem-2895	301	18	,	,	PUNCT
dem-2895	301	19	though	though	SCONJ
dem-2895	301	20	this	this	DET
dem-2895	301	21	type	type	NOUN
dem-2895	301	22	of	of	ADP
dem-2895	301	23	dependence	dependence	NOUN
dem-2895	301	24	is	be	AUX
dem-2895	301	25	present	present	ADJ
dem-2895	301	26	during	during	ADP
dem-2895	301	27	these	these	DET
dem-2895	301	28	periods	period	NOUN
dem-2895	301	29	too	too	ADV
dem-2895	301	30	.	.	PUNCT
dem-2895	302	1	the	the	DET
dem-2895	302	2	linkages	linkage	NOUN
dem-2895	302	3	between	between	ADP
dem-2895	302	4	the	the	DET
dem-2895	302	5	considered	consider	VERB
dem-2895	302	6	emerging	emerge	VERB
dem-2895	302	7	markets	market	NOUN
dem-2895	302	8	and	and	CCONJ
dem-2895	302	9	the	the	DET
dem-2895	302	10	developed	develop	VERB
dem-2895	302	11	ones	one	NOUN
dem-2895	302	12	are	be	AUX
dem-2895	302	13	very	very	ADV
dem-2895	302	14	stable	stable	ADJ
dem-2895	302	15	and	and	CCONJ
dem-2895	302	16	mostly	mostly	ADV
dem-2895	302	17	do	do	AUX
dem-2895	302	18	not	not	PART
dem-2895	302	19	change	change	VERB
dem-2895	302	20	during	during	ADP
dem-2895	302	21	the	the	DET
dem-2895	302	22	crises	crisis	NOUN
dem-2895	302	23	.	.	PUNCT
dem-2895	303	1	the	the	DET
dem-2895	303	2	extreme	extreme	ADJ
dem-2895	303	3	example	example	NOUN
dem-2895	303	4	involves	involve	VERB
dem-2895	303	5	the	the	DET
dem-2895	303	6	wig20	wig20	PROPN
dem-2895	303	7	index	index	NOUN
dem-2895	303	8	for	for	ADP
dem-2895	303	9	which	which	PRON
dem-2895	303	10	the	the	DET
dem-2895	303	11	dependencies	dependency	NOUN
dem-2895	303	12	with	with	ADP
dem-2895	303	13	contemporary	contemporary	ADJ
dem-2895	303	14	and	and	CCONJ
dem-2895	303	15	lagged	lag	VERB
dem-2895	303	16	s&p	s&p	PROPN
dem-2895	303	17	500	500	NUM
dem-2895	303	18	returns	return	NOUN
dem-2895	303	19	are	be	AUX
dem-2895	303	20	described	describe	VERB
dem-2895	303	21	by	by	ADP
dem-2895	303	22	means	mean	NOUN
dem-2895	303	23	of	of	ADP
dem-2895	303	24	static	static	ADJ
dem-2895	303	25	copulas	copula	NOUN
dem-2895	303	26	.	.	PUNCT
dem-2895	304	1	as	as	SCONJ
dem-2895	304	2	regards	regard	VERB
dem-2895	304	3	the	the	DET
dem-2895	304	4	dynamics	dynamic	NOUN
dem-2895	304	5	of	of	ADP
dem-2895	304	6	dependencies	dependency	NOUN
dem-2895	304	7	between	between	ADP
dem-2895	304	8	the	the	DET
dem-2895	304	9	czech	czech	PROPN
dem-2895	304	10	,	,	PUNCT
dem-2895	304	11	hungarian	hungarian	ADJ
dem-2895	304	12	and	and	CCONJ
dem-2895	304	13	polish	polish	ADJ
dem-2895	304	14	markets	market	NOUN
dem-2895	304	15	,	,	PUNCT
dem-2895	304	16	the	the	DET
dem-2895	304	17	crucial	crucial	ADJ
dem-2895	304	18	relation	relation	NOUN
dem-2895	304	19	is	be	AUX
dem-2895	304	20	that	that	SCONJ
dem-2895	304	21	between	between	ADP
dem-2895	304	22	the	the	DET
dem-2895	304	23	bux	bux	PROPN
dem-2895	304	24	and	and	CCONJ
dem-2895	304	25	wig20	wig20	PROPN
dem-2895	304	26	.	.	PUNCT
dem-2895	305	1	the	the	DET
dem-2895	305	2	importance	importance	NOUN
dem-2895	305	3	of	of	ADP
dem-2895	305	4	the	the	DET
dem-2895	305	5	influence	influence	NOUN
dem-2895	305	6	of	of	ADP
dem-2895	305	7	major	major	ADJ
dem-2895	305	8	european	european	ADJ
dem-2895	305	9	markets	market	NOUN
dem-2895	305	10	and	and	CCONJ
dem-2895	305	11	the	the	DET
dem-2895	305	12	us	us	PROPN
dem-2895	305	13	market	market	NOUN
dem-2895	305	14	on	on	ADP
dem-2895	305	15	the	the	DET
dem-2895	305	16	analyzed	analyze	VERB
dem-2895	305	17	emerging	emerge	VERB
dem-2895	305	18	markets	market	NOUN
dem-2895	305	19	can	can	AUX
dem-2895	305	20	be	be	AUX
dem-2895	305	21	perceived	perceive	VERB
dem-2895	305	22	as	as	ADP
dem-2895	305	23	comparable	comparable	ADJ
dem-2895	305	24	if	if	SCONJ
dem-2895	305	25	one	one	PRON
dem-2895	305	26	takes	take	VERB
dem-2895	305	27	into	into	ADP
dem-2895	305	28	account	account	NOUN
dem-2895	305	29	that	that	SCONJ
dem-2895	305	30	due	due	ADP
dem-2895	305	31	to	to	ADP
dem-2895	305	32	the	the	DET
dem-2895	305	33	no	no	DET
dem-2895	305	34	-	-	PUNCT
dem-2895	305	35	synchronization	synchronization	NOUN
dem-2895	305	36	effect	effect	NOUN
dem-2895	305	37	the	the	DET
dem-2895	305	38	impact	impact	NOUN
dem-2895	305	39	of	of	ADP
dem-2895	305	40	the	the	DET
dem-2895	305	41	us	us	PROPN
dem-2895	305	42	market	market	NOUN
dem-2895	305	43	is	be	AUX
dem-2895	305	44	divided	divide	VERB
dem-2895	305	45	between	between	ADP
dem-2895	305	46	two	two	NUM
dem-2895	305	47	days	day	NOUN
dem-2895	305	48	.	.	PUNCT
dem-2895	306	1	0	0	NUM
dem-2895	307	1	0,2	0,2	NUM
dem-2895	307	2	0,4	0,4	NUM
dem-2895	307	3	0,6	0,6	NUM
dem-2895	307	4	0,8	0,8	NUM
dem-2895	307	5	1	1	NUM
dem-2895	307	6	1,2	1,2	NUM
dem-2895	307	7	05/05/2004	05/05/2004	NOUN
dem-2895	307	8	12/15/2004	12/15/2004	NUM
dem-2895	307	9	07/29/2005	07/29/2005	NUM
dem-2895	307	10	03/08/2006	03/08/2006	NUM
dem-2895	307	11	10/20/2006	10/20/2006	NUM
dem-2895	307	12	06/11/2007	06/11/2007	NUM
dem-2895	307	13	01/25/2008	01/25/2008	NOUN
dem-2895	307	14	09/04/2008	09/04/2008	NOUN
dem-2895	307	15	04/21/2009	04/21/2009	NUM
dem-2895	307	16	12/03/2009	12/03/2009	NUM
dem-2895	307	17	07/19/2010	07/19/2010	NUM
dem-2895	307	18	02/25/2011	02/25/2011	NUM
dem-2895	308	1	10/10/2011	10/10/2011	NUM
dem-2895	308	2	05/25/2012	05/25/2012	NUM
dem-2895	308	3	bux	bux	NOUN
dem-2895	308	4	px	px	PROPN
dem-2895	308	5	wig20	wig20	PROPN
dem-2895	308	6	małgorzata	małgorzata	PROPN
dem-2895	308	7	doman	doman	PROPN
dem-2895	308	8	,	,	PUNCT
dem-2895	308	9	ryszard	ryszard	NOUN
dem-2895	308	10	doman	doman	PROPN
dem-2895	308	11	dynamic	dynamic	ADJ
dem-2895	308	12	econometric	econometric	ADJ
dem-2895	308	13	models	model	NOUN
dem-2895	308	14	13	13	NUM
dem-2895	308	15	(	(	PUNCT
dem-2895	308	16	2013	2013	NUM
dem-2895	308	17	)	)	PUNCT
dem-2895	308	18	5–31	5–31	PROPN
dem-2895	308	19	28	28	NUM
dem-2895	308	20	figure	figure	NOUN
dem-2895	308	21	13	13	NUM
dem-2895	308	22	.	.	PUNCT
dem-2895	308	23	smoothed	smooth	VERB
dem-2895	308	24	probabilities	probability	NOUN
dem-2895	308	25	of	of	ADP
dem-2895	308	26	the	the	DET
dem-2895	308	27	regime	regime	NOUN
dem-2895	308	28	with	with	ADP
dem-2895	308	29	tail	tail	NOUN
dem-2895	308	30	dependence	dependence	NOUN
dem-2895	308	31	for	for	ADP
dem-2895	308	32	pairs	pair	NOUN
dem-2895	308	33	(	(	PUNCT
dem-2895	308	34	bux	bux	NOUN
dem-2895	308	35	,	,	PUNCT
dem-2895	308	36	s&p	s&p	PROPN
dem-2895	308	37	500	500	NUM
dem-2895	308	38	)	)	PUNCT
dem-2895	308	39	,	,	PUNCT
dem-2895	308	40	(	(	PUNCT
dem-2895	308	41	px	px	NOUN
dem-2895	308	42	,	,	PUNCT
dem-2895	308	43	s&p	s&p	PROPN
dem-2895	308	44	500	500	NUM
dem-2895	308	45	)	)	PUNCT
dem-2895	308	46	and	and	CCONJ
dem-2895	308	47	(	(	PUNCT
dem-2895	308	48	wig20	wig20	PROPN
dem-2895	308	49	,	,	PUNCT
dem-2895	308	50	s&p	s&p	PROPN
dem-2895	308	51	500	500	NUM
dem-2895	308	52	)	)	PUNCT
dem-2895	308	53	figure	figure	NOUN
dem-2895	308	54	14	14	NUM
dem-2895	308	55	.	.	PUNCT
dem-2895	308	56	smoothed	smooth	VERB
dem-2895	308	57	probabilities	probability	NOUN
dem-2895	308	58	of	of	ADP
dem-2895	308	59	the	the	DET
dem-2895	308	60	regime	regime	NOUN
dem-2895	308	61	with	with	ADP
dem-2895	308	62	tail	tail	NOUN
dem-2895	308	63	dependence	dependence	NOUN
dem-2895	308	64	for	for	ADP
dem-2895	308	65	pairs	pair	NOUN
dem-2895	308	66	(	(	PUNCT
dem-2895	308	67	bux	bux	NOUN
dem-2895	308	68	,	,	PUNCT
dem-2895	308	69	s&p	s&p	PROPN
dem-2895	308	70	500(–1	500(–1	NUM
dem-2895	308	71	)	)	PUNCT
dem-2895	308	72	)	)	PUNCT
dem-2895	308	73	,	,	PUNCT
dem-2895	308	74	(	(	PUNCT
dem-2895	308	75	px	px	NOUN
dem-2895	308	76	,	,	PUNCT
dem-2895	308	77	s&p500(–1	s&p500(–1	NOUN
dem-2895	308	78	)	)	PUNCT
dem-2895	308	79	)	)	PUNCT
dem-2895	309	1	and	and	CCONJ
dem-2895	309	2	(	(	PUNCT
dem-2895	309	3	wig20	wig20	PROPN
dem-2895	309	4	,	,	PUNCT
dem-2895	309	5	s&p500(–1	s&p500(–1	ADJ
dem-2895	309	6	)	)	PUNCT
dem-2895	309	7	)	)	PUNCT
dem-2895	309	8	conclusions	conclusion	NOUN
dem-2895	309	9	in	in	ADP
dem-2895	309	10	the	the	DET
dem-2895	309	11	paper	paper	NOUN
dem-2895	309	12	we	we	PRON
dem-2895	309	13	analyzed	analyze	VERB
dem-2895	309	14	the	the	DET
dem-2895	309	15	dynamics	dynamic	NOUN
dem-2895	309	16	and	and	CCONJ
dem-2895	309	17	strength	strength	NOUN
dem-2895	309	18	of	of	ADP
dem-2895	309	19	linkages	linkage	NOUN
dem-2895	309	20	between	between	ADP
dem-2895	309	21	the	the	DET
dem-2895	309	22	czech	czech	PROPN
dem-2895	309	23	,	,	PUNCT
dem-2895	309	24	hungarian	hungarian	ADJ
dem-2895	309	25	and	and	CCONJ
dem-2895	309	26	polish	polish	ADJ
dem-2895	309	27	stock	stock	NOUN
dem-2895	309	28	markets	market	NOUN
dem-2895	309	29	.	.	PUNCT
dem-2895	310	1	in	in	ADP
dem-2895	310	2	addition	addition	NOUN
dem-2895	310	3	,	,	PUNCT
dem-2895	310	4	we	we	PRON
dem-2895	310	5	examined	examine	VERB
dem-2895	310	6	linkages	linkage	NOUN
dem-2895	310	7	between	between	ADP
dem-2895	310	8	each	each	PRON
dem-2895	310	9	of	of	ADP
dem-2895	310	10	these	these	DET
dem-2895	310	11	markets	market	NOUN
dem-2895	310	12	and	and	CCONJ
dem-2895	310	13	developed	developed	ADJ
dem-2895	310	14	markets	market	NOUN
dem-2895	310	15	(	(	PUNCT
dem-2895	310	16	european	european	ADJ
dem-2895	310	17	and	and	CCONJ
dem-2895	310	18	us	we	PRON
dem-2895	310	19	)	)	PUNCT
dem-2895	310	20	.	.	PUNCT
dem-2895	311	1	the	the	DET
dem-2895	311	2	analysis	analysis	NOUN
dem-2895	311	3	was	be	AUX
dem-2895	311	4	based	base	VERB
dem-2895	311	5	on	on	ADP
dem-2895	311	6	the	the	DET
dem-2895	311	7	daily	daily	ADJ
dem-2895	311	8	quotations	quotation	NOUN
dem-2895	311	9	of	of	ADP
dem-2895	311	10	the	the	DET
dem-2895	311	11	main	main	ADJ
dem-2895	311	12	representative	representative	ADJ
dem-2895	311	13	stock	stock	NOUN
dem-2895	311	14	indices	index	NOUN
dem-2895	311	15	(	(	PUNCT
dem-2895	311	16	px	px	PROPN
dem-2895	311	17	,	,	PUNCT
dem-2895	311	18	bux	bux	PROPN
dem-2895	311	19	,	,	PUNCT
dem-2895	311	20	wig20	wig20	PROPN
dem-2895	311	21	,	,	PUNCT
dem-2895	311	22	dax	dax	PROPN
dem-2895	311	23	,	,	PUNCT
dem-2895	311	24	s&p	s&p	PROPN
dem-2895	311	25	500	500	NUM
dem-2895	311	26	)	)	PUNCT
dem-2895	311	27	.	.	PUNCT
dem-2895	312	1	the	the	DET
dem-2895	312	2	period	period	NOUN
dem-2895	312	3	0	0	NUM
dem-2895	312	4	0,2	0,2	NUM
dem-2895	312	5	0,4	0,4	NUM
dem-2895	312	6	0,6	0,6	NUM
dem-2895	312	7	0,8	0,8	NUM
dem-2895	312	8	1	1	NUM
dem-2895	312	9	1,2	1,2	NUM
dem-2895	312	10	05/05/2004	05/05/2004	NOUN
dem-2895	312	11	12/15/2004	12/15/2004	NUM
dem-2895	312	12	07/29/2005	07/29/2005	NUM
dem-2895	312	13	03/08/2006	03/08/2006	NUM
dem-2895	312	14	10/20/2006	10/20/2006	NUM
dem-2895	312	15	06/11/2007	06/11/2007	NUM
dem-2895	312	16	01/25/2008	01/25/2008	NOUN
dem-2895	312	17	09/04/2008	09/04/2008	NOUN
dem-2895	312	18	04/21/2009	04/21/2009	NUM
dem-2895	312	19	12/03/2009	12/03/2009	NUM
dem-2895	312	20	07/19/2010	07/19/2010	NUM
dem-2895	312	21	02/25/2011	02/25/2011	NUM
dem-2895	312	22	10/10/2011	10/10/2011	NUM
dem-2895	312	23	05/25/2012	05/25/2012	NUM
dem-2895	312	24	bux	bux	NOUN
dem-2895	312	25	px	px	PROPN
dem-2895	312	26	wig20	wig20	VERB
dem-2895	312	27	0	0	NUM
dem-2895	312	28	0,2	0,2	NUM
dem-2895	312	29	0,4	0,4	NUM
dem-2895	312	30	0,6	0,6	NUM
dem-2895	312	31	0,8	0,8	NUM
dem-2895	312	32	1	1	NUM
dem-2895	312	33	1,2	1,2	NUM
dem-2895	312	34	05/05/2004	05/05/2004	NOUN
dem-2895	312	35	12/15/2004	12/15/2004	NUM
dem-2895	312	36	07/29/2005	07/29/2005	NUM
dem-2895	312	37	03/08/2006	03/08/2006	NUM
dem-2895	312	38	10/20/2006	10/20/2006	NUM
dem-2895	312	39	06/11/2007	06/11/2007	NUM
dem-2895	312	40	01/25/2008	01/25/2008	NOUN
dem-2895	312	41	09/04/2008	09/04/2008	NOUN
dem-2895	312	42	04/21/2009	04/21/2009	NUM
dem-2895	312	43	12/03/2009	12/03/2009	NUM
dem-2895	312	44	07/19/2010	07/19/2010	NUM
dem-2895	312	45	02/25/2011	02/25/2011	NUM
dem-2895	312	46	10/10/2011	10/10/2011	NUM
dem-2895	312	47	05/25/2012	05/25/2012	NUM
dem-2895	312	48	bux	bux	NOUN
dem-2895	312	49	px	px	PROPN
dem-2895	312	50	wig20	wig20	VERB
dem-2895	312	51	the	the	DET
dem-2895	312	52	dynamics	dynamic	NOUN
dem-2895	312	53	and	and	CCONJ
dem-2895	312	54	strength	strength	NOUN
dem-2895	312	55	of	of	ADP
dem-2895	312	56	linkages	linkage	NOUN
dem-2895	312	57	between	between	ADP
dem-2895	312	58	the	the	DET
dem-2895	312	59	stock	stock	NOUN
dem-2895	312	60	markets	market	NOUN
dem-2895	312	61	…	…	PUNCT
dem-2895	312	62	dynamic	dynamic	ADJ
dem-2895	312	63	econometric	econometric	ADJ
dem-2895	312	64	models	model	NOUN
dem-2895	312	65	3	3	NUM
dem-2895	312	66	(	(	PUNCT
dem-2895	312	67	2013	2013	NUM
dem-2895	312	68	)	)	PUNCT
dem-2895	312	69	5–31	5–31	PROPN
dem-2895	312	70	29	29	NUM
dem-2895	312	71	under	under	ADP
dem-2895	312	72	scrutiny	scrutiny	NOUN
dem-2895	312	73	was	be	AUX
dem-2895	312	74	from	from	ADP
dem-2895	312	75	may	may	PROPN
dem-2895	312	76	5	5	NUM
dem-2895	312	77	,	,	PUNCT
dem-2895	312	78	2004	2004	NUM
dem-2895	312	79	to	to	ADP
dem-2895	312	80	july	july	PROPN
dem-2895	312	81	20	20	NUM
dem-2895	312	82	,	,	PUNCT
dem-2895	312	83	2012	2012	NUM
dem-2895	312	84	.	.	PUNCT
dem-2895	313	1	so	so	ADV
dem-2895	313	2	,	,	PUNCT
dem-2895	313	3	it	it	PRON
dem-2895	313	4	starts	start	VERB
dem-2895	313	5	after	after	ADP
dem-2895	313	6	the	the	DET
dem-2895	313	7	eu	eu	PROPN
dem-2895	313	8	accession	accession	NOUN
dem-2895	313	9	of	of	ADP
dem-2895	313	10	the	the	DET
dem-2895	313	11	corresponding	corresponding	ADJ
dem-2895	313	12	countries	country	NOUN
dem-2895	313	13	and	and	CCONJ
dem-2895	313	14	includes	include	VERB
dem-2895	313	15	recent	recent	ADJ
dem-2895	313	16	financial	financial	ADJ
dem-2895	313	17	crises	crisis	NOUN
dem-2895	313	18	.	.	PUNCT
dem-2895	314	1	our	our	PRON
dem-2895	314	2	tool	tool	NOUN
dem-2895	314	3	to	to	PART
dem-2895	314	4	model	model	VERB
dem-2895	314	5	the	the	DET
dem-2895	314	6	dynamics	dynamic	NOUN
dem-2895	314	7	of	of	ADP
dem-2895	314	8	dependencies	dependency	NOUN
dem-2895	314	9	were	be	AUX
dem-2895	314	10	markovswitching	markovswitche	VERB
dem-2895	314	11	copula	copula	NOUN
dem-2895	314	12	models	model	NOUN
dem-2895	314	13	.	.	PUNCT
dem-2895	315	1	due	due	ADP
dem-2895	315	2	to	to	ADP
dem-2895	315	3	this	this	DET
dem-2895	315	4	choice	choice	NOUN
dem-2895	315	5	,	,	PUNCT
dem-2895	315	6	we	we	PRON
dem-2895	315	7	were	be	AUX
dem-2895	315	8	able	able	ADJ
dem-2895	315	9	to	to	PART
dem-2895	315	10	use	use	VERB
dem-2895	315	11	two	two	NUM
dem-2895	315	12	kinds	kind	NOUN
dem-2895	315	13	of	of	ADP
dem-2895	315	14	measure	measure	NOUN
dem-2895	315	15	of	of	ADP
dem-2895	315	16	the	the	DET
dem-2895	315	17	strength	strength	NOUN
dem-2895	315	18	of	of	ADP
dem-2895	315	19	the	the	DET
dem-2895	315	20	linkages	linkage	NOUN
dem-2895	315	21	:	:	PUNCT
dem-2895	315	22	dynamic	dynamic	ADJ
dem-2895	315	23	spearman	spearman	NOUN
dem-2895	315	24	’s	’s	PART
dem-2895	315	25	rho	rho	ADJ
dem-2895	315	26	and	and	CCONJ
dem-2895	315	27	tail	tail	NOUN
dem-2895	315	28	dependence	dependence	NOUN
dem-2895	315	29	coefficients	coefficient	NOUN
dem-2895	315	30	.	.	PUNCT
dem-2895	316	1	our	our	PRON
dem-2895	316	2	results	result	NOUN
dem-2895	316	3	show	show	VERB
dem-2895	316	4	that	that	SCONJ
dem-2895	316	5	the	the	DET
dem-2895	316	6	dependencies	dependency	NOUN
dem-2895	316	7	between	between	ADP
dem-2895	316	8	the	the	DET
dem-2895	316	9	three	three	NUM
dem-2895	316	10	considered	consider	VERB
dem-2895	316	11	emerging	emerge	VERB
dem-2895	316	12	markets	market	NOUN
dem-2895	316	13	are	be	AUX
dem-2895	316	14	stronger	strong	ADJ
dem-2895	316	15	than	than	ADP
dem-2895	316	16	those	those	PRON
dem-2895	316	17	between	between	ADP
dem-2895	316	18	each	each	PRON
dem-2895	316	19	of	of	ADP
dem-2895	316	20	them	they	PRON
dem-2895	316	21	and	and	CCONJ
dem-2895	316	22	the	the	DET
dem-2895	316	23	german	german	NOUN
dem-2895	316	24	or	or	CCONJ
dem-2895	316	25	the	the	DET
dem-2895	316	26	us	us	PROPN
dem-2895	316	27	markets	market	NOUN
dem-2895	316	28	,	,	PUNCT
dem-2895	316	29	regardless	regardless	ADV
dem-2895	316	30	of	of	ADP
dem-2895	316	31	the	the	DET
dem-2895	316	32	applied	apply	VERB
dem-2895	316	33	measure	measure	NOUN
dem-2895	316	34	.	.	PUNCT
dem-2895	317	1	the	the	DET
dem-2895	317	2	dynamics	dynamic	NOUN
dem-2895	317	3	of	of	ADP
dem-2895	317	4	dependence	dependence	NOUN
dem-2895	317	5	in	in	ADP
dem-2895	317	6	almost	almost	ADV
dem-2895	317	7	all	all	PRON
dem-2895	317	8	cases	case	NOUN
dem-2895	317	9	is	be	AUX
dem-2895	317	10	rich	rich	ADJ
dem-2895	317	11	,	,	PUNCT
dem-2895	317	12	clearly	clearly	ADV
dem-2895	317	13	indicating	indicate	VERB
dem-2895	317	14	sensitivity	sensitivity	NOUN
dem-2895	317	15	on	on	ADP
dem-2895	317	16	information	information	NOUN
dem-2895	317	17	process	process	NOUN
dem-2895	317	18	.	.	PUNCT
dem-2895	318	1	the	the	DET
dem-2895	318	2	tail	tail	NOUN
dem-2895	318	3	dependence	dependence	NOUN
dem-2895	318	4	appears	appear	VERB
dem-2895	318	5	and	and	CCONJ
dem-2895	318	6	disappears	disappear	VERB
dem-2895	318	7	cyclically	cyclically	ADV
dem-2895	318	8	and	and	CCONJ
dem-2895	318	9	is	be	AUX
dem-2895	318	10	not	not	PART
dem-2895	318	11	necessary	necessary	ADJ
dem-2895	318	12	connected	connect	VERB
dem-2895	318	13	with	with	ADP
dem-2895	318	14	the	the	DET
dem-2895	318	15	crisis	crisis	NOUN
dem-2895	318	16	periods	period	NOUN
dem-2895	318	17	,	,	PUNCT
dem-2895	318	18	though	though	SCONJ
dem-2895	318	19	this	this	DET
dem-2895	318	20	type	type	NOUN
dem-2895	318	21	of	of	ADP
dem-2895	318	22	dependence	dependence	NOUN
dem-2895	318	23	is	be	AUX
dem-2895	318	24	present	present	ADJ
dem-2895	318	25	during	during	ADP
dem-2895	318	26	these	these	DET
dem-2895	318	27	periods	period	NOUN
dem-2895	318	28	too	too	ADV
dem-2895	318	29	.	.	PUNCT
dem-2895	319	1	the	the	DET
dem-2895	319	2	linkages	linkage	NOUN
dem-2895	319	3	of	of	ADP
dem-2895	319	4	the	the	DET
dem-2895	319	5	examined	examine	VERB
dem-2895	319	6	emerging	emerge	VERB
dem-2895	319	7	markets	market	NOUN
dem-2895	319	8	with	with	ADP
dem-2895	319	9	the	the	DET
dem-2895	319	10	considered	consider	VERB
dem-2895	319	11	developed	develop	VERB
dem-2895	319	12	markets	market	NOUN
dem-2895	319	13	are	be	AUX
dem-2895	319	14	very	very	ADV
dem-2895	319	15	stable	stable	ADJ
dem-2895	319	16	,	,	PUNCT
dem-2895	319	17	not	not	PART
dem-2895	319	18	sensitive	sensitive	ADJ
dem-2895	319	19	on	on	ADP
dem-2895	319	20	present	present	ADJ
dem-2895	319	21	information	information	NOUN
dem-2895	319	22	,	,	PUNCT
dem-2895	319	23	and	and	CCONJ
dem-2895	319	24	mostly	mostly	ADV
dem-2895	319	25	do	do	AUX
dem-2895	319	26	not	not	PART
dem-2895	319	27	change	change	VERB
dem-2895	319	28	during	during	ADP
dem-2895	319	29	the	the	DET
dem-2895	319	30	crises	crisis	NOUN
dem-2895	319	31	.	.	PUNCT
dem-2895	320	1	the	the	DET
dem-2895	320	2	crucial	crucial	ADJ
dem-2895	320	3	relation	relation	NOUN
dem-2895	320	4	for	for	ADP
dem-2895	320	5	the	the	DET
dem-2895	320	6	considered	consider	VERB
dem-2895	320	7	region	region	NOUN
dem-2895	320	8	is	be	AUX
dem-2895	320	9	the	the	DET
dem-2895	320	10	dependence	dependence	NOUN
dem-2895	320	11	between	between	ADP
dem-2895	320	12	the	the	DET
dem-2895	320	13	hungarian	hungarian	ADJ
dem-2895	320	14	and	and	CCONJ
dem-2895	320	15	polish	polish	ADJ
dem-2895	320	16	markets	market	NOUN
dem-2895	320	17	.	.	PUNCT
dem-2895	321	1	the	the	DET
dem-2895	321	2	importance	importance	NOUN
dem-2895	321	3	of	of	ADP
dem-2895	321	4	the	the	DET
dem-2895	321	5	impact	impact	NOUN
dem-2895	321	6	of	of	ADP
dem-2895	321	7	the	the	DET
dem-2895	321	8	developed	develop	VERB
dem-2895	321	9	european	european	ADJ
dem-2895	321	10	market	market	NOUN
dem-2895	321	11	and	and	CCONJ
dem-2895	321	12	the	the	DET
dem-2895	321	13	us	us	PROPN
dem-2895	321	14	market	market	NOUN
dem-2895	321	15	on	on	ADP
dem-2895	321	16	the	the	DET
dem-2895	321	17	analyzed	analyze	VERB
dem-2895	321	18	emerging	emerge	VERB
dem-2895	321	19	markets	market	NOUN
dem-2895	321	20	can	can	AUX
dem-2895	321	21	be	be	AUX
dem-2895	321	22	viewed	view	VERB
dem-2895	321	23	as	as	ADP
dem-2895	321	24	comparable	comparable	ADJ
dem-2895	321	25	.	.	PUNCT
dem-2895	322	1	references	reference	NOUN
dem-2895	322	2	ang	ang	PROPN
dem-2895	322	3	,	,	PUNCT
dem-2895	322	4	a.	a.	NOUN
dem-2895	322	5	,	,	PUNCT
dem-2895	322	6	bekaert	bekaert	NOUN
dem-2895	322	7	,	,	PUNCT
dem-2895	322	8	g.	g.	PROPN
dem-2895	322	9	(	(	PUNCT
dem-2895	322	10	2002	2002	NUM
dem-2895	322	11	)	)	PUNCT
dem-2895	322	12	,	,	PUNCT
dem-2895	322	13	international	international	ADJ
dem-2895	322	14	asset	asset	NOUN
dem-2895	322	15	allocation	allocation	NOUN
dem-2895	322	16	with	with	ADP
dem-2895	322	17	regime	regime	NOUN
dem-2895	322	18	shifts	shift	NOUN
dem-2895	322	19	,	,	PUNCT
dem-2895	322	20	review	review	NOUN
dem-2895	322	21	of	of	ADP
dem-2895	322	22	financial	financial	ADJ
dem-2895	322	23	studies	study	NOUN
dem-2895	322	24	,	,	PUNCT
dem-2895	322	25	15	15	NUM
dem-2895	322	26	,	,	PUNCT
dem-2895	322	27	1137–1187	1137–1187	NUM
dem-2895	322	28	.	.	PUNCT
dem-2895	323	1	ang	ang	PROPN
dem-2895	323	2	,	,	PUNCT
dem-2895	323	3	a.	a.	PROPN
dem-2895	323	4	,	,	PUNCT
dem-2895	323	5	chen	chen	PROPN
dem-2895	323	6	,	,	PUNCT
dem-2895	323	7	j.	j.	PROPN
dem-2895	323	8	(	(	PUNCT
dem-2895	323	9	2002	2002	NUM
dem-2895	323	10	)	)	PUNCT
dem-2895	323	11	,	,	PUNCT
dem-2895	323	12	asymmetric	asymmetric	ADJ
dem-2895	323	13	correlations	correlation	NOUN
dem-2895	323	14	of	of	ADP
dem-2895	323	15	equity	equity	NOUN
dem-2895	323	16	portfolios	portfolio	NOUN
dem-2895	323	17	,	,	PUNCT
dem-2895	323	18	journal	journal	NOUN
dem-2895	323	19	of	of	ADP
dem-2895	323	20	financial	financial	ADJ
dem-2895	323	21	economics	economic	NOUN
dem-2895	323	22	63	63	NUM
dem-2895	323	23	,	,	PUNCT
dem-2895	323	24	443–494	443–494	NUM
dem-2895	323	25	,	,	PUNCT
dem-2895	323	26	doi	doi	NOUN
dem-2895	323	27	:	:	PUNCT
dem-2895	323	28	http://dx.doi.org/10.1016/s0304-405x(02)00068-5	http://dx.doi.org/10.1016/s0304-405x(02)00068-5	PROPN
dem-2895	323	29	.	.	PUNCT
dem-2895	323	30	bauwens	bauwens	PROPN
dem-2895	323	31	,	,	PUNCT
dem-2895	323	32	e.	e.	PROPN
dem-2895	323	33	,	,	PUNCT
dem-2895	323	34	laurent	laurent	PROPN
dem-2895	323	35	s.	s.	PROPN
dem-2895	323	36	,	,	PUNCT
dem-2895	323	37	rombouts	rombout	NOUN
dem-2895	323	38	,	,	PUNCT
dem-2895	323	39	j.v.k	j.v.k	ADP
dem-2895	323	40	.	.	PUNCT
dem-2895	323	41	(	(	PUNCT
dem-2895	323	42	2006	2006	NUM
dem-2895	323	43	)	)	PUNCT
dem-2895	323	44	,	,	PUNCT
dem-2895	323	45	multivariate	multivariate	NOUN
dem-2895	323	46	garch	garch	NOUN
dem-2895	323	47	models	model	NOUN
dem-2895	323	48	:	:	PUNCT
dem-2895	323	49	a	a	DET
dem-2895	323	50	survey	survey	NOUN
dem-2895	323	51	,	,	PUNCT
dem-2895	323	52	journal	journal	NOUN
dem-2895	323	53	of	of	ADP
dem-2895	323	54	applied	apply	VERB
dem-2895	323	55	econometrics	econometric	NOUN
dem-2895	323	56	,	,	PUNCT
dem-2895	323	57	21	21	NUM
dem-2895	323	58	,	,	PUNCT
dem-2895	323	59	79–109	79–109	NUM
dem-2895	323	60	,	,	PUNCT
dem-2895	323	61	doi	doi	NOUN
dem-2895	323	62	:	:	PUNCT
dem-2895	323	63	http://dx.doi.org/10.1002/jae.842	http://dx.doi.org/10.1002/jae.842	NOUN
dem-2895	323	64	.	.	PUNCT
dem-2895	324	1	caporale	caporale	PROPN
dem-2895	324	2	,	,	PUNCT
dem-2895	324	3	g.m	g.m	PROPN
dem-2895	324	4	.	.	PROPN
dem-2895	324	5	,	,	PUNCT
dem-2895	324	6	spagnolo	spagnolo	PROPN
dem-2895	324	7	,	,	PUNCT
dem-2895	324	8	n.	n.	NOUN
dem-2895	324	9	(	(	PUNCT
dem-2895	324	10	2011	2011	NUM
dem-2895	324	11	)	)	PUNCT
dem-2895	324	12	,	,	PUNCT
dem-2895	324	13	stock	stock	NOUN
dem-2895	324	14	market	market	NOUN
dem-2895	324	15	integration	integration	NOUN
dem-2895	324	16	between	between	ADP
dem-2895	324	17	three	three	NUM
dem-2895	324	18	ceecs	ceec	NOUN
dem-2895	324	19	,	,	PUNCT
dem-2895	324	20	russia	russia	NOUN
dem-2895	324	21	,	,	PUNCT
dem-2895	324	22	and	and	CCONJ
dem-2895	324	23	the	the	DET
dem-2895	324	24	uk	uk	PROPN
dem-2895	324	25	,	,	PUNCT
dem-2895	324	26	review	review	NOUN
dem-2895	324	27	of	of	ADP
dem-2895	324	28	international	international	ADJ
dem-2895	324	29	economics	economic	NOUN
dem-2895	324	30	,	,	PUNCT
dem-2895	324	31	19	19	NUM
dem-2895	324	32	,	,	PUNCT
dem-2895	324	33	158–169	158–169	NUM
dem-2895	324	34	,	,	PUNCT
dem-2895	324	35	doi	doi	NOUN
dem-2895	324	36	:	:	PUNCT
dem-2895	324	37	http://dx.doi.org/10.1111/j.1467-9396.2010.00938.x	http://dx.doi.org/10.1111/j.1467-9396.2010.00938.x	NOUN
dem-2895	324	38	.	.	PUNCT
dem-2895	325	1	doman	doman	PROPN
dem-2895	325	2	,	,	PUNCT
dem-2895	325	3	m.	m.	NOUN
dem-2895	325	4	,	,	PUNCT
dem-2895	325	5	doman	doman	PROPN
dem-2895	325	6	,	,	PUNCT
dem-2895	325	7	r.	r.	PROPN
dem-2895	325	8	(	(	PUNCT
dem-2895	325	9	2012	2012	NUM
dem-2895	325	10	)	)	PUNCT
dem-2895	325	11	,	,	PUNCT
dem-2895	325	12	dependencies	dependency	NOUN
dem-2895	325	13	between	between	ADP
dem-2895	325	14	stock	stock	NOUN
dem-2895	325	15	markets	market	NOUN
dem-2895	325	16	during	during	ADP
dem-2895	325	17	the	the	DET
dem-2895	325	18	period	period	NOUN
dem-2895	325	19	including	include	VERB
dem-2895	325	20	the	the	DET
dem-2895	325	21	late-2000s	late-2000s	ADJ
dem-2895	325	22	financial	financial	ADJ
dem-2895	325	23	crisis	crisis	NOUN
dem-2895	325	24	,	,	PUNCT
dem-2895	325	25	procedia	procedia	NOUN
dem-2895	325	26	economics	economic	NOUN
dem-2895	325	27	and	and	CCONJ
dem-2895	325	28	finance	finance	NOUN
dem-2895	325	29	,	,	PUNCT
dem-2895	325	30	1	1	NUM
dem-2895	325	31	,	,	PUNCT
dem-2895	325	32	108–117	108–117	NUM
dem-2895	325	33	,	,	PUNCT
dem-2895	325	34	doi	doi	NOUN
dem-2895	325	35	:	:	PUNCT
dem-2895	326	1	http://dx.doi.org/10.1016/s2212-5671(12)00014-7	http://dx.doi.org/10.1016/s2212-5671(12)00014-7	PROPN
dem-2895	326	2	.	.	PUNCT
dem-2895	326	3	doman	doman	PROPN
dem-2895	326	4	,	,	PUNCT
dem-2895	326	5	m.	m.	NOUN
dem-2895	326	6	,	,	PUNCT
dem-2895	326	7	doman	doman	PROPN
dem-2895	326	8	,	,	PUNCT
dem-2895	326	9	r.	r.	PROPN
dem-2895	326	10	(	(	PUNCT
dem-2895	326	11	2013	2013	NUM
dem-2895	326	12	)	)	PUNCT
dem-2895	326	13	,	,	PUNCT
dem-2895	326	14	dynamika	dynamika	NOUN
dem-2895	326	15	powiązań	powiązań	NOUN
dem-2895	326	16	polskiego	polskiego	PROPN
dem-2895	326	17	rynku	rynku	ADJ
dem-2895	326	18	kapitałowego	kapitałowego	PROPN
dem-2895	326	19	z	z	PROPN
dem-2895	326	20	rynkami	rynkami	PROPN
dem-2895	326	21	czech	czech	PROPN
dem-2895	326	22	i	i	PRON
dem-2895	326	23	węgier	węgier	PROPN
dem-2895	326	24	oraz	oraz	PROPN
dem-2895	326	25	głównymi	głównymi	VERB
dem-2895	326	26	rynkami	rynkami	ADJ
dem-2895	326	27	światowymi	światowymi	PROPN
dem-2895	326	28	(	(	PUNCT
dem-2895	326	29	the	the	DET
dem-2895	326	30	dynamics	dynamic	NOUN
dem-2895	326	31	of	of	ADP
dem-2895	326	32	linkages	linkage	NOUN
dem-2895	326	33	between	between	ADP
dem-2895	326	34	the	the	DET
dem-2895	326	35	polish	polish	ADJ
dem-2895	326	36	stock	stock	NOUN
dem-2895	326	37	market	market	NOUN
dem-2895	326	38	and	and	CCONJ
dem-2895	326	39	the	the	DET
dem-2895	326	40	markets	market	NOUN
dem-2895	326	41	of	of	ADP
dem-2895	326	42	czech	czech	PROPN
dem-2895	326	43	republic	republic	NOUN
dem-2895	326	44	,	,	PUNCT
dem-2895	326	45	hungary	hungary	NOUN
dem-2895	326	46	and	and	CCONJ
dem-2895	326	47	major	major	ADJ
dem-2895	326	48	world	world	NOUN
dem-2895	326	49	markets	market	NOUN
dem-2895	326	50	)	)	PUNCT
dem-2895	326	51	,	,	PUNCT
dem-2895	326	52	studia	studia	PROPN
dem-2895	326	53	oeconomica	oeconomica	PROPN
dem-2895	326	54	posnaniensia	posnaniensia	NOUN
dem-2895	326	55	,	,	PUNCT
dem-2895	326	56	9	9	NUM
dem-2895	326	57	.	.	PUNCT
dem-2895	326	58	doornik	doornik	PROPN
dem-2895	326	59	,	,	PUNCT
dem-2895	326	60	j.a	j.a	PROPN
dem-2895	326	61	.	.	PROPN
dem-2895	327	1	(	(	PUNCT
dem-2895	328	1	2006	2006	NUM
dem-2895	328	2	)	)	PUNCT
dem-2895	328	3	,	,	PUNCT
dem-2895	328	4	an	an	DET
dem-2895	328	5	object	object	NOUN
dem-2895	328	6	-	-	PUNCT
dem-2895	328	7	oriented	orient	VERB
dem-2895	328	8	matrix	matrix	NOUN
dem-2895	328	9	programming	programming	NOUN
dem-2895	328	10	language	language	NOUN
dem-2895	328	11	–	–	PUNCT
dem-2895	328	12	ox	ox	NOUN
dem-2895	328	13	™	™	NOUN
dem-2895	328	14	,	,	PUNCT
dem-2895	328	15	timberlake	timberlake	PROPN
dem-2895	328	16	consultants	consultants	PROPN
dem-2895	328	17	ltd	ltd	PROPN
dem-2895	328	18	,	,	PUNCT
dem-2895	328	19	london	london	PROPN
dem-2895	328	20	.	.	PUNCT
dem-2895	329	1	embrechts	embrecht	NOUN
dem-2895	329	2	,	,	PUNCT
dem-2895	329	3	p.	p.	NOUN
dem-2895	329	4	,	,	PUNCT
dem-2895	329	5	mcneil	mcneil	PROPN
dem-2895	329	6	,	,	PUNCT
dem-2895	329	7	a.	a.	PROPN
dem-2895	329	8	,	,	PUNCT
dem-2895	329	9	straumann	straumann	PROPN
dem-2895	329	10	,	,	PUNCT
dem-2895	329	11	d.	d.	PROPN
dem-2895	329	12	(	(	PUNCT
dem-2895	329	13	2002	2002	NUM
dem-2895	329	14	)	)	PUNCT
dem-2895	329	15	,	,	PUNCT
dem-2895	329	16	correlation	correlation	NOUN
dem-2895	329	17	and	and	CCONJ
dem-2895	329	18	dependence	dependence	NOUN
dem-2895	329	19	in	in	ADP
dem-2895	329	20	risk	risk	NOUN
dem-2895	329	21	management	management	NOUN
dem-2895	329	22	:	:	PUNCT
dem-2895	329	23	properties	property	NOUN
dem-2895	329	24	and	and	CCONJ
dem-2895	329	25	pitfalls	pitfall	NOUN
dem-2895	329	26	,	,	PUNCT
dem-2895	329	27	in	in	ADP
dem-2895	329	28	dempster	dempster	PROPN
dem-2895	329	29	m.	m.	NOUN
dem-2895	329	30	(	(	PUNCT
dem-2895	329	31	ed	ed	NOUN
dem-2895	329	32	.	.	PUNCT
dem-2895	329	33	)	)	PUNCT
dem-2895	329	34	risk	risk	NOUN
dem-2895	329	35	management	management	NOUN
dem-2895	329	36	:	:	PUNCT
dem-2895	329	37	value	value	NOUN
dem-2895	329	38	at	at	ADP
dem-2895	329	39	risk	risk	NOUN
dem-2895	329	40	and	and	CCONJ
dem-2895	329	41	beyond	beyond	ADP
dem-2895	329	42	,	,	PUNCT
dem-2895	329	43	176–223	176–223	NUM
dem-2895	329	44	,	,	PUNCT
dem-2895	329	45	cambridge	cambridge	PROPN
dem-2895	329	46	,	,	PUNCT
dem-2895	329	47	cambridge	cambridge	PROPN
dem-2895	329	48	university	university	PROPN
dem-2895	329	49	press	press	NOUN
dem-2895	329	50	.	.	PUNCT
dem-2895	330	1	małgorzata	małgorzata	NOUN
dem-2895	330	2	doman	doman	PROPN
dem-2895	330	3	,	,	PUNCT
dem-2895	330	4	ryszard	ryszard	NOUN
dem-2895	330	5	doman	doman	PROPN
dem-2895	330	6	dynamic	dynamic	ADJ
dem-2895	330	7	econometric	econometric	ADJ
dem-2895	330	8	models	model	NOUN
dem-2895	330	9	13	13	NUM
dem-2895	330	10	(	(	PUNCT
dem-2895	330	11	2013	2013	NUM
dem-2895	330	12	)	)	PUNCT
dem-2895	330	13	5–31	5–31	PROPN
dem-2895	330	14	30	30	NUM
dem-2895	330	15	federation	federation	NOUN
dem-2895	330	16	of	of	ADP
dem-2895	330	17	european	european	PROPN
dem-2895	330	18	securities	security	NOUN
dem-2895	330	19	exchanges	exchange	NOUN
dem-2895	330	20	(	(	PUNCT
dem-2895	330	21	2013	2013	NUM
dem-2895	330	22	)	)	PUNCT
dem-2895	330	23	,	,	PUNCT
dem-2895	330	24	statistics	statistic	NOUN
dem-2895	330	25	&	&	CCONJ
dem-2895	330	26	market	market	PROPN
dem-2895	330	27	research	research	NOUN
dem-2895	330	28	,	,	PUNCT
dem-2895	330	29	brussels	brussels	PROPN
dem-2895	330	30	(	(	PUNCT
dem-2895	330	31	available	available	ADJ
dem-2895	330	32	at	at	ADP
dem-2895	330	33	http://fese.eu	http://fese.eu	PROPN
dem-2895	330	34	,	,	PUNCT
dem-2895	330	35	16.06.2013	16.06.2013	NUM
dem-2895	330	36	)	)	PUNCT
dem-2895	330	37	.	.	PUNCT
dem-2895	331	1	forbes	forbes	PROPN
dem-2895	331	2	,	,	PUNCT
dem-2895	331	3	k.	k.	PROPN
dem-2895	331	4	,	,	PUNCT
dem-2895	331	5	rigobon	rigobon	PROPN
dem-2895	331	6	,	,	PUNCT
dem-2895	331	7	r.	r.	PROPN
dem-2895	331	8	(	(	PUNCT
dem-2895	331	9	2002	2002	NUM
dem-2895	331	10	)	)	PUNCT
dem-2895	331	11	,	,	PUNCT
dem-2895	331	12	no	no	DET
dem-2895	331	13	contagion	contagion	NOUN
dem-2895	331	14	,	,	PUNCT
dem-2895	331	15	only	only	ADV
dem-2895	331	16	interdependence	interdependence	NOUN
dem-2895	331	17	:	:	PUNCT
dem-2895	331	18	measuring	measure	VERB
dem-2895	331	19	stock	stock	NOUN
dem-2895	331	20	market	market	NOUN
dem-2895	331	21	comovements	comovement	NOUN
dem-2895	331	22	,	,	PUNCT
dem-2895	331	23	journal	journal	NOUN
dem-2895	331	24	of	of	ADP
dem-2895	331	25	finance	finance	NOUN
dem-2895	331	26	,	,	PUNCT
dem-2895	331	27	57	57	NUM
dem-2895	331	28	,	,	PUNCT
dem-2895	331	29	2223–2261	2223–2261	NUM
dem-2895	331	30	,	,	PUNCT
dem-2895	331	31	doi	doi	NOUN
dem-2895	331	32	:	:	PUNCT
dem-2895	331	33	http://dx.doi.org/10.1111/0022-1082.00494	http://dx.doi.org/10.1111/0022-1082.00494	X
dem-2895	331	34	.	.	X
dem-2895	331	35	garcia	garcia	PROPN
dem-2895	331	36	r.	r.	PROPN
dem-2895	331	37	,	,	PUNCT
dem-2895	331	38	tsafack	tsafack	PROPN
dem-2895	331	39	g.	g.	PROPN
dem-2895	331	40	(	(	PUNCT
dem-2895	331	41	2011	2011	NUM
dem-2895	331	42	)	)	PUNCT
dem-2895	331	43	,	,	PUNCT
dem-2895	331	44	dependence	dependence	NOUN
dem-2895	331	45	structure	structure	NOUN
dem-2895	331	46	and	and	CCONJ
dem-2895	331	47	extreme	extreme	ADJ
dem-2895	331	48	comovements	comovement	NOUN
dem-2895	331	49	in	in	ADP
dem-2895	331	50	international	international	ADJ
dem-2895	331	51	equity	equity	NOUN
dem-2895	331	52	and	and	CCONJ
dem-2895	331	53	bond	bond	NOUN
dem-2895	331	54	markets	market	NOUN
dem-2895	331	55	,	,	PUNCT
dem-2895	331	56	journal	journal	NOUN
dem-2895	331	57	of	of	ADP
dem-2895	331	58	banking	banking	NOUN
dem-2895	331	59	and	and	CCONJ
dem-2895	331	60	finance	finance	NOUN
dem-2895	331	61	,	,	PUNCT
dem-2895	331	62	35	35	NUM
dem-2895	331	63	,	,	PUNCT
dem-2895	331	64	1954–1970	1954–1970	NUM
dem-2895	331	65	,	,	PUNCT
dem-2895	331	66	doi	doi	NOUN
dem-2895	331	67	:	:	PUNCT
dem-2895	331	68	http://dx.doi.org/10.1016/j.jbankfin.2011.01.003	http://dx.doi.org/10.1016/j.jbankfin.2011.01.003	PROPN
dem-2895	331	69	.	.	PUNCT
dem-2895	332	1	gilmore	gilmore	PROPN
dem-2895	332	2	,	,	PUNCT
dem-2895	332	3	c.g	c.g	PROPN
dem-2895	332	4	.	.	PROPN
dem-2895	332	5	,	,	PUNCT
dem-2895	332	6	lucey	lucey	PROPN
dem-2895	332	7	,	,	PUNCT
dem-2895	332	8	b.	b.	PROPN
dem-2895	332	9	m.	m.	PROPN
dem-2895	332	10	,	,	PUNCT
dem-2895	332	11	mcmanus	mcmanus	PROPN
dem-2895	332	12	,	,	PUNCT
dem-2895	332	13	g.m	g.m	PROPN
dem-2895	332	14	.	.	PROPN
dem-2895	332	15	(	(	PUNCT
dem-2895	332	16	2008	2008	NUM
dem-2895	332	17	)	)	PUNCT
dem-2895	332	18	,	,	PUNCT
dem-2895	332	19	the	the	DET
dem-2895	332	20	dynamics	dynamic	NOUN
dem-2895	332	21	of	of	ADP
dem-2895	332	22	central	central	ADJ
dem-2895	332	23	european	european	ADJ
dem-2895	332	24	equity	equity	NOUN
dem-2895	332	25	market	market	NOUN
dem-2895	332	26	comovements	comovement	NOUN
dem-2895	332	27	,	,	PUNCT
dem-2895	332	28	the	the	DET
dem-2895	332	29	quarterly	quarterly	ADJ
dem-2895	332	30	review	review	NOUN
dem-2895	332	31	of	of	ADP
dem-2895	332	32	economics	economic	NOUN
dem-2895	332	33	and	and	CCONJ
dem-2895	332	34	finance	finance	NOUN
dem-2895	332	35	,	,	PUNCT
dem-2895	332	36	48	48	NUM
dem-2895	332	37	,	,	PUNCT
dem-2895	332	38	605–622	605–622	NUM
dem-2895	332	39	,	,	PUNCT
dem-2895	332	40	doi	doi	NOUN
dem-2895	332	41	:	:	PUNCT
dem-2895	332	42	http://dx.doi.org/10.1016/j.qref.2006.06.005	http://dx.doi.org/10.1016/j.qref.2006.06.005	PROPN
dem-2895	332	43	.	.	PUNCT
dem-2895	333	1	hamilton	hamilton	PROPN
dem-2895	333	2	,	,	PUNCT
dem-2895	333	3	j.d	j.d	PROPN
dem-2895	333	4	.	.	PROPN
dem-2895	333	5	(	(	PUNCT
dem-2895	333	6	1994	1994	NUM
dem-2895	333	7	)	)	PUNCT
dem-2895	333	8	,	,	PUNCT
dem-2895	333	9	time	time	NOUN
dem-2895	333	10	series	series	PROPN
dem-2895	333	11	analysis	analysis	PROPN
dem-2895	333	12	,	,	PUNCT
dem-2895	333	13	princeton	princeton	PROPN
dem-2895	333	14	university	university	PROPN
dem-2895	333	15	press	press	PROPN
dem-2895	333	16	,	,	PUNCT
dem-2895	333	17	princeton	princeton	PROPN
dem-2895	333	18	.	.	PUNCT
dem-2895	334	1	hansen	hansen	PROPN
dem-2895	334	2	,	,	PUNCT
dem-2895	334	3	p.r	p.r	PROPN
dem-2895	334	4	.	.	PROPN
dem-2895	334	5	,	,	PUNCT
dem-2895	334	6	lunde	lunde	PROPN
dem-2895	334	7	,	,	PUNCT
dem-2895	334	8	a.	a.	PROPN
dem-2895	334	9	,	,	PUNCT
dem-2895	334	10	nason	nason	PROPN
dem-2895	334	11	,	,	PUNCT
dem-2895	334	12	j.m	j.m	PROPN
dem-2895	334	13	.	.	PROPN
dem-2895	334	14	(	(	PUNCT
dem-2895	334	15	2003	2003	NUM
dem-2895	334	16	)	)	PUNCT
dem-2895	334	17	,	,	PUNCT
dem-2895	334	18	choosing	choose	VERB
dem-2895	334	19	the	the	DET
dem-2895	334	20	best	good	ADJ
dem-2895	334	21	volatility	volatility	NOUN
dem-2895	334	22	models	model	NOUN
dem-2895	334	23	:	:	PUNCT
dem-2895	334	24	the	the	DET
dem-2895	334	25	model	model	NOUN
dem-2895	334	26	confidence	confidence	NOUN
dem-2895	334	27	set	set	VERB
dem-2895	334	28	approach	approach	NOUN
dem-2895	334	29	,	,	PUNCT
dem-2895	334	30	oxford	oxford	ADJ
dem-2895	334	31	bulletin	bulletin	NOUN
dem-2895	334	32	of	of	ADP
dem-2895	334	33	economics	economic	NOUN
dem-2895	334	34	and	and	CCONJ
dem-2895	334	35	statistics	statistic	NOUN
dem-2895	334	36	,	,	PUNCT
dem-2895	334	37	65	65	NUM
dem-2895	334	38	,	,	PUNCT
dem-2895	334	39	839–861	839–861	NUM
dem-2895	334	40	.	.	PUNCT
dem-2895	335	1	hansen	hansen	PROPN
dem-2895	335	2	,	,	PUNCT
dem-2895	335	3	p.r	p.r	PROPN
dem-2895	335	4	.	.	PROPN
dem-2895	335	5	,	,	PUNCT
dem-2895	335	6	lunde	lunde	PROPN
dem-2895	335	7	,	,	PUNCT
dem-2895	335	8	a.	a.	NOUN
dem-2895	335	9	(	(	PUNCT
dem-2895	335	10	2010	2010	NUM
dem-2895	335	11	)	)	PUNCT
dem-2895	335	12	,	,	PUNCT
dem-2895	335	13	mulcom	mulcom	PROPN
dem-2895	335	14	2.00	2.00	NUM
dem-2895	335	15	,	,	PUNCT
dem-2895	335	16	an	an	DET
dem-2895	335	17	ox	ox	ADJ
dem-2895	335	18	™	™	ADJ
dem-2895	335	19	software	software	NOUN
dem-2895	335	20	package	package	NOUN
dem-2895	335	21	for	for	ADP
dem-2895	335	22	multiple	multiple	ADJ
dem-2895	335	23	comparisons	comparison	NOUN
dem-2895	335	24	,	,	PUNCT
dem-2895	335	25	http://mit.econ.au.dk/vip_htm/alunde/mulcom/mulcom.htm	http://mit.econ.au.dk/vip_htm/alunde/mulcom/mulcom.htm	NUM
dem-2895	335	26	.	.	PUNCT
dem-2895	336	1	hansen	hansen	PROPN
dem-2895	336	2	,	,	PUNCT
dem-2895	336	3	p.r	p.r	PROPN
dem-2895	336	4	.	.	PROPN
dem-2895	336	5	,	,	PUNCT
dem-2895	336	6	lunde	lunde	PROPN
dem-2895	336	7	,	,	PUNCT
dem-2895	336	8	a.	a.	PROPN
dem-2895	336	9	,	,	PUNCT
dem-2895	336	10	nason	nason	PROPN
dem-2895	336	11	,	,	PUNCT
dem-2895	336	12	j.m	j.m	PROPN
dem-2895	336	13	.	.	PROPN
dem-2895	336	14	(	(	PUNCT
dem-2895	336	15	2011	2011	NUM
dem-2895	336	16	)	)	PUNCT
dem-2895	336	17	,	,	PUNCT
dem-2895	336	18	the	the	DET
dem-2895	336	19	model	model	NOUN
dem-2895	336	20	confidence	confidence	NOUN
dem-2895	336	21	set	set	NOUN
dem-2895	336	22	,	,	PUNCT
dem-2895	336	23	econometrica	econometrica	PROPN
dem-2895	336	24	,	,	PUNCT
dem-2895	336	25	79	79	NUM
dem-2895	336	26	,	,	PUNCT
dem-2895	336	27	453–497	453–497	NUM
dem-2895	336	28	.	.	PUNCT
dem-2895	337	1	joe	joe	PROPN
dem-2895	337	2	,	,	PUNCT
dem-2895	337	3	h.	h.	PROPN
dem-2895	337	4	,	,	PUNCT
dem-2895	337	5	xu	xu	PROPN
dem-2895	337	6	,	,	PUNCT
dem-2895	337	7	j.j	j.j	PROPN
dem-2895	337	8	.	.	PROPN
dem-2895	337	9	(	(	PUNCT
dem-2895	337	10	1996	1996	NUM
dem-2895	337	11	)	)	PUNCT
dem-2895	337	12	,	,	PUNCT
dem-2895	337	13	the	the	DET
dem-2895	337	14	estimation	estimation	NOUN
dem-2895	337	15	method	method	NOUN
dem-2895	337	16	of	of	ADP
dem-2895	337	17	inference	inference	NOUN
dem-2895	337	18	functions	function	NOUN
dem-2895	337	19	for	for	ADP
dem-2895	337	20	margins	margin	NOUN
dem-2895	337	21	for	for	ADP
dem-2895	337	22	multivariate	multivariate	NOUN
dem-2895	337	23	models	model	NOUN
dem-2895	337	24	,	,	PUNCT
dem-2895	337	25	technical	technical	ADJ
dem-2895	337	26	report	report	NOUN
dem-2895	337	27	no	no	INTJ
dem-2895	337	28	.	.	NOUN
dem-2895	337	29	166	166	NUM
dem-2895	337	30	,	,	PUNCT
dem-2895	337	31	department	department	NOUN
dem-2895	337	32	of	of	ADP
dem-2895	337	33	statistics	statistic	NOUN
dem-2895	337	34	,	,	PUNCT
dem-2895	337	35	university	university	NOUN
dem-2895	337	36	of	of	ADP
dem-2895	337	37	british	british	PROPN
dem-2895	337	38	columbia	columbia	PROPN
dem-2895	337	39	.	.	PUNCT
dem-2895	338	1	joe	joe	PROPN
dem-2895	338	2	,	,	PUNCT
dem-2895	338	3	h.	h.	PROPN
dem-2895	338	4	(	(	PUNCT
dem-2895	338	5	1997	1997	NUM
dem-2895	338	6	)	)	PUNCT
dem-2895	338	7	,	,	PUNCT
dem-2895	338	8	multivariate	multivariate	NOUN
dem-2895	338	9	models	model	NOUN
dem-2895	338	10	and	and	CCONJ
dem-2895	338	11	dependence	dependence	NOUN
dem-2895	338	12	concepts	concept	NOUN
dem-2895	338	13	,	,	PUNCT
dem-2895	338	14	chapman	chapman	NOUN
dem-2895	338	15	and	and	CCONJ
dem-2895	338	16	hall	hall	PROPN
dem-2895	338	17	:	:	PUNCT
dem-2895	338	18	london	london	PROPN
dem-2895	338	19	.	.	PUNCT
dem-2895	339	1	kiss	kiss	PROPN
dem-2895	339	2	,	,	PUNCT
dem-2895	339	3	g.d	g.d	NOUN
dem-2895	339	4	.	.	PUNCT
dem-2895	339	5	(	(	PUNCT
dem-2895	339	6	2011	2011	NUM
dem-2895	339	7	)	)	PUNCT
dem-2895	339	8	,	,	PUNCT
dem-2895	339	9	the	the	DET
dem-2895	339	10	impact	impact	NOUN
dem-2895	339	11	of	of	ADP
dem-2895	339	12	financial	financial	ADJ
dem-2895	339	13	interdependence	interdependence	NOUN
dem-2895	339	14	on	on	ADP
dem-2895	339	15	the	the	DET
dem-2895	339	16	czech	czech	PROPN
dem-2895	339	17	,	,	PUNCT
dem-2895	339	18	hungarian	hungarian	ADJ
dem-2895	339	19	and	and	CCONJ
dem-2895	339	20	polish	polish	ADJ
dem-2895	339	21	interbank	interbank	NOUN
dem-2895	339	22	,	,	PUNCT
dem-2895	339	23	stock	stock	NOUN
dem-2895	339	24	and	and	CCONJ
dem-2895	339	25	currency	currency	NOUN
dem-2895	339	26	market	market	NOUN
dem-2895	339	27	,	,	PUNCT
dem-2895	339	28	international	international	ADJ
dem-2895	339	29	journal	journal	NOUN
dem-2895	339	30	of	of	ADP
dem-2895	339	31	management	management	NOUN
dem-2895	339	32	cases	case	NOUN
dem-2895	339	33	13	13	NUM
dem-2895	339	34	,	,	PUNCT
dem-2895	339	35	555–565	555–565	NUM
dem-2895	339	36	.	.	PUNCT
dem-2895	340	1	lambert	lambert	PROPN
dem-2895	340	2	,	,	PUNCT
dem-2895	340	3	p.	p.	PROPN
dem-2895	340	4	,	,	PUNCT
dem-2895	340	5	laurent	laurent	PROPN
dem-2895	340	6	,	,	PUNCT
dem-2895	340	7	s.	s.	PROPN
dem-2895	340	8	(	(	PUNCT
dem-2895	340	9	2001	2001	NUM
dem-2895	340	10	)	)	PUNCT
dem-2895	340	11	,	,	PUNCT
dem-2895	340	12	modelling	model	VERB
dem-2895	340	13	financial	financial	ADJ
dem-2895	340	14	time	time	NOUN
dem-2895	340	15	series	series	NOUN
dem-2895	340	16	using	use	VERB
dem-2895	340	17	garch	garch	NOUN
dem-2895	340	18	-	-	PUNCT
dem-2895	340	19	type	type	NOUN
dem-2895	340	20	models	model	NOUN
dem-2895	340	21	with	with	ADP
dem-2895	340	22	a	a	DET
dem-2895	340	23	skewed	skewed	ADJ
dem-2895	340	24	student	student	NOUN
dem-2895	340	25	distribution	distribution	NOUN
dem-2895	340	26	for	for	ADP
dem-2895	340	27	the	the	DET
dem-2895	340	28	innovations	innovation	NOUN
dem-2895	340	29	,	,	PUNCT
dem-2895	340	30	discussion	discussion	NOUN
dem-2895	340	31	paper	paper	NOUN
dem-2895	340	32	0125	0125	NUM
dem-2895	340	33	,	,	PUNCT
dem-2895	340	34	institut	institut	PROPN
dem-2895	340	35	de	de	X
dem-2895	340	36	statistique	statistique	PROPN
dem-2895	340	37	,	,	PUNCT
dem-2895	340	38	université	université	X
dem-2895	340	39	catholique	catholique	X
dem-2895	340	40	de	de	X
dem-2895	340	41	louvain	louvain	NOUN
dem-2895	340	42	.	.	PUNCT
dem-2895	341	1	laurent	laurent	PROPN
dem-2895	341	2	,	,	PUNCT
dem-2895	341	3	s.	s.	PROPN
dem-2895	341	4	(	(	PUNCT
dem-2895	341	5	2009	2009	NUM
dem-2895	341	6	)	)	PUNCT
dem-2895	341	7	,	,	PUNCT
dem-2895	341	8	estimating	estimate	VERB
dem-2895	341	9	and	and	CCONJ
dem-2895	341	10	forecasting	forecast	VERB
dem-2895	341	11	arch	arch	NOUN
dem-2895	341	12	models	model	NOUN
dem-2895	341	13	using	use	VERB
dem-2895	341	14	g@rch	g@rch	NOUN
dem-2895	341	15	™	™	PROPN
dem-2895	341	16	6	6	NUM
dem-2895	341	17	,	,	PUNCT
dem-2895	341	18	timberlake	timberlake	PROPN
dem-2895	341	19	consultants	consultants	PROPN
dem-2895	341	20	ltd	ltd	PROPN
dem-2895	341	21	:	:	PUNCT
dem-2895	341	22	london	london	PROPN
dem-2895	341	23	.	.	PUNCT
dem-2895	342	1	nelsen	nelsen	PROPN
dem-2895	342	2	,	,	PUNCT
dem-2895	342	3	r.b	r.b	PROPN
dem-2895	342	4	.	.	PROPN
dem-2895	343	1	(	(	PUNCT
dem-2895	343	2	2006	2006	NUM
dem-2895	343	3	)	)	PUNCT
dem-2895	343	4	,	,	PUNCT
dem-2895	343	5	an	an	DET
dem-2895	343	6	introduction	introduction	NOUN
dem-2895	343	7	to	to	ADP
dem-2895	343	8	copulas	copula	NOUN
dem-2895	343	9	,	,	PUNCT
dem-2895	343	10	new	new	PROPN
dem-2895	343	11	york	york	PROPN
dem-2895	343	12	,	,	PUNCT
dem-2895	343	13	springer	springer	NOUN
dem-2895	343	14	.	.	PUNCT
dem-2895	344	1	okimoto	okimoto	NOUN
dem-2895	344	2	,	,	PUNCT
dem-2895	344	3	t.	t.	PROPN
dem-2895	344	4	(	(	PUNCT
dem-2895	344	5	2008	2008	NUM
dem-2895	344	6	)	)	PUNCT
dem-2895	344	7	,	,	PUNCT
dem-2895	344	8	new	new	ADJ
dem-2895	344	9	evidence	evidence	NOUN
dem-2895	344	10	of	of	ADP
dem-2895	344	11	asymmetric	asymmetric	ADJ
dem-2895	344	12	dependence	dependence	NOUN
dem-2895	344	13	structures	structure	NOUN
dem-2895	344	14	in	in	ADP
dem-2895	344	15	international	international	ADJ
dem-2895	344	16	equity	equity	NOUN
dem-2895	344	17	markets	market	NOUN
dem-2895	344	18	,	,	PUNCT
dem-2895	344	19	journal	journal	NOUN
dem-2895	344	20	of	of	ADP
dem-2895	344	21	financial	financial	ADJ
dem-2895	344	22	and	and	CCONJ
dem-2895	344	23	quantitative	quantitative	ADJ
dem-2895	344	24	analysis	analysis	NOUN
dem-2895	344	25	,	,	PUNCT
dem-2895	344	26	43	43	NUM
dem-2895	344	27	,	,	PUNCT
dem-2895	344	28	787–815	787–815	NUM
dem-2895	344	29	,	,	PUNCT
dem-2895	344	30	doi	doi	PROPN
dem-2895	344	31	:	:	PUNCT
dem-2895	345	1	http://dx.doi.org/10.1017/s0022109000004294	http://dx.doi.org/10.1017/s0022109000004294	NOUN
dem-2895	345	2	.	.	PUNCT
dem-2895	346	1	patton	patton	PROPN
dem-2895	346	2	,	,	PUNCT
dem-2895	346	3	a.j	a.j	PROPN
dem-2895	346	4	.	.	PROPN
dem-2895	346	5	(	(	PUNCT
dem-2895	346	6	2004	2004	NUM
dem-2895	346	7	)	)	PUNCT
dem-2895	346	8	,	,	PUNCT
dem-2895	346	9	on	on	ADP
dem-2895	346	10	the	the	DET
dem-2895	346	11	out	out	NOUN
dem-2895	346	12	-	-	PUNCT
dem-2895	346	13	of	of	ADP
dem-2895	346	14	-	-	PUNCT
dem-2895	346	15	sample	sample	NOUN
dem-2895	346	16	importance	importance	NOUN
dem-2895	346	17	of	of	ADP
dem-2895	346	18	skewness	skewness	NOUN
dem-2895	346	19	and	and	CCONJ
dem-2895	346	20	asymmetric	asymmetric	ADJ
dem-2895	346	21	dependence	dependence	NOUN
dem-2895	346	22	for	for	ADP
dem-2895	346	23	asset	asset	NOUN
dem-2895	346	24	allocation	allocation	NOUN
dem-2895	346	25	,	,	PUNCT
dem-2895	346	26	journal	journal	NOUN
dem-2895	346	27	of	of	ADP
dem-2895	346	28	financial	financial	ADJ
dem-2895	346	29	econometrics	econometric	NOUN
dem-2895	346	30	,	,	PUNCT
dem-2895	346	31	2	2	NUM
dem-2895	346	32	,	,	PUNCT
dem-2895	346	33	130–168	130–168	NUM
dem-2895	346	34	,	,	PUNCT
dem-2895	346	35	doi	doi	NOUN
dem-2895	346	36	:	:	PUNCT
dem-2895	346	37	http://dx.doi.org/10.1093/jjfinec/nbh006	http://dx.doi.org/10.1093/jjfinec/nbh006	NOUN
dem-2895	346	38	.	.	PUNCT
dem-2895	347	1	patton	patton	PROPN
dem-2895	347	2	,	,	PUNCT
dem-2895	347	3	a.j	a.j	PROPN
dem-2895	347	4	.	.	PROPN
dem-2895	347	5	(	(	PUNCT
dem-2895	347	6	2006	2006	NUM
dem-2895	347	7	)	)	PUNCT
dem-2895	347	8	,	,	PUNCT
dem-2895	347	9	modelling	model	VERB
dem-2895	347	10	asymmetric	asymmetric	ADJ
dem-2895	347	11	exchange	exchange	NOUN
dem-2895	347	12	rate	rate	NOUN
dem-2895	347	13	dependence	dependence	NOUN
dem-2895	347	14	,	,	PUNCT
dem-2895	347	15	international	international	ADJ
dem-2895	347	16	economic	economic	ADJ
dem-2895	347	17	review	review	NOUN
dem-2895	347	18	47	47	NUM
dem-2895	347	19	,	,	PUNCT
dem-2895	347	20	527–556	527–556	NUM
dem-2895	347	21	,	,	PUNCT
dem-2895	347	22	doi	doi	NOUN
dem-2895	347	23	:	:	PUNCT
dem-2895	347	24	http://dx.doi.org/10.1111/j.1468-2354.2006.00387.x	http://dx.doi.org/10.1111/j.1468-2354.2006.00387.x	NOUN
dem-2895	347	25	.	.	PUNCT
dem-2895	347	26	patton	patton	PROPN
dem-2895	347	27	,	,	PUNCT
dem-2895	347	28	a.j	a.j	PROPN
dem-2895	347	29	.	.	PROPN
dem-2895	347	30	(	(	PUNCT
dem-2895	347	31	2009	2009	NUM
dem-2895	347	32	)	)	PUNCT
dem-2895	347	33	,	,	PUNCT
dem-2895	347	34	copula	copula	NOUN
dem-2895	347	35	-	-	PUNCT
dem-2895	347	36	based	base	VERB
dem-2895	347	37	models	model	NOUN
dem-2895	347	38	for	for	ADP
dem-2895	347	39	financial	financial	ADJ
dem-2895	347	40	time	time	NOUN
dem-2895	347	41	series	series	NOUN
dem-2895	347	42	,	,	PUNCT
dem-2895	347	43	in	in	ADP
dem-2895	347	44	t.	t.	PROPN
dem-2895	347	45	g.	g.	PROPN
dem-2895	347	46	andersen	andersen	PROPN
dem-2895	347	47	,	,	PUNCT
dem-2895	347	48	r.	r.	PROPN
dem-2895	347	49	a.	a.	PROPN
dem-2895	347	50	davies	davies	PROPN
dem-2895	347	51	,	,	PUNCT
dem-2895	347	52	j.-p	j.-p	PROPN
dem-2895	347	53	.	.	PUNCT
dem-2895	347	54	kreiss	kreiss	PROPN
dem-2895	347	55	,	,	PUNCT
dem-2895	347	56	and	and	CCONJ
dem-2895	347	57	t.	t.	PROPN
dem-2895	347	58	mikosch	mikosch	PROPN
dem-2895	347	59	(	(	PUNCT
dem-2895	347	60	ed	ed	NOUN
dem-2895	347	61	.	.	PUNCT
dem-2895	347	62	)	)	PUNCT
dem-2895	348	1	handbook	handbook	NOUN
dem-2895	348	2	of	of	ADP
dem-2895	348	3	financial	financial	ADJ
dem-2895	348	4	time	time	NOUN
dem-2895	348	5	series	series	NOUN
dem-2895	348	6	,	,	PUNCT
dem-2895	348	7	767–785	767–785	NUM
dem-2895	348	8	,	,	PUNCT
dem-2895	348	9	berlin	berlin	PROPN
dem-2895	348	10	:	:	PUNCT
dem-2895	348	11	springer	springer	NOUN
dem-2895	348	12	.	.	PUNCT
dem-2895	349	1	scheicher	scheicher	PROPN
dem-2895	349	2	,	,	PUNCT
dem-2895	349	3	m.	m.	NOUN
dem-2895	349	4	(	(	PUNCT
dem-2895	349	5	2001	2001	NUM
dem-2895	349	6	)	)	PUNCT
dem-2895	349	7	,	,	PUNCT
dem-2895	349	8	the	the	DET
dem-2895	349	9	comovements	comovement	NOUN
dem-2895	349	10	of	of	ADP
dem-2895	349	11	stock	stock	NOUN
dem-2895	349	12	markets	market	NOUN
dem-2895	349	13	in	in	ADP
dem-2895	349	14	hungary	hungary	PROPN
dem-2895	349	15	,	,	PUNCT
dem-2895	349	16	poland	poland	PROPN
dem-2895	349	17	and	and	CCONJ
dem-2895	349	18	the	the	DET
dem-2895	349	19	czech	czech	PROPN
dem-2895	349	20	republic	republic	NOUN
dem-2895	349	21	,	,	PUNCT
dem-2895	349	22	international	international	ADJ
dem-2895	349	23	journal	journal	NOUN
dem-2895	349	24	of	of	ADP
dem-2895	349	25	finance	finance	PROPN
dem-2895	349	26	&	&	CCONJ
dem-2895	349	27	economics	economic	NOUN
dem-2895	349	28	,	,	PUNCT
dem-2895	349	29	6	6	NUM
dem-2895	349	30	,	,	PUNCT
dem-2895	349	31	27–39	27–39	NUM
dem-2895	349	32	,	,	PUNCT
dem-2895	349	33	doi	doi	NOUN
dem-2895	349	34	:	:	PUNCT
dem-2895	349	35	http://dx.doi.org/10.1002/ijfe.141	http://dx.doi.org/10.1002/ijfe.141	ADJ
dem-2895	349	36	.	.	PUNCT
dem-2895	350	1	sklar	sklar	ADJ
dem-2895	350	2	,	,	PUNCT
dem-2895	350	3	a.	a.	NOUN
dem-2895	350	4	(	(	PUNCT
dem-2895	350	5	1959	1959	NUM
dem-2895	350	6	)	)	PUNCT
dem-2895	350	7	,	,	PUNCT
dem-2895	350	8	fonctions	fonction	NOUN
dem-2895	350	9	de	de	X
dem-2895	350	10	répartition	répartition	X
dem-2895	350	11	à	à	X
dem-2895	350	12	n	n	ADP
dem-2895	350	13	dimensions	dimension	NOUN
dem-2895	350	14	et	et	PROPN
dem-2895	350	15	leurs	leurs	PROPN
dem-2895	350	16	marges	marges	PROPN
dem-2895	350	17	,	,	PUNCT
dem-2895	350	18	publications	publication	NOUN
dem-2895	350	19	de	de	X
dem-2895	350	20	l’institut	l’institut	X
dem-2895	350	21	statistique	statistique	X
dem-2895	350	22	de	de	X
dem-2895	350	23	l’université	l’université	X
dem-2895	350	24	de	de	X
dem-2895	350	25	paris	paris	PROPN
dem-2895	350	26	,	,	PUNCT
dem-2895	350	27	8	8	NUM
dem-2895	350	28	,	,	PUNCT
dem-2895	350	29	229–231	229–231	NUM
dem-2895	350	30	.	.	PUNCT
dem-2895	351	1	the	the	DET
dem-2895	351	2	dynamics	dynamic	NOUN
dem-2895	351	3	and	and	CCONJ
dem-2895	351	4	strength	strength	NOUN
dem-2895	351	5	of	of	ADP
dem-2895	351	6	linkages	linkage	NOUN
dem-2895	351	7	between	between	ADP
dem-2895	351	8	the	the	DET
dem-2895	351	9	stock	stock	NOUN
dem-2895	351	10	markets	market	NOUN
dem-2895	351	11	…	…	PUNCT
dem-2895	351	12	dynamic	dynamic	ADJ
dem-2895	351	13	econometric	econometric	ADJ
dem-2895	351	14	models	model	NOUN
dem-2895	351	15	3	3	NUM
dem-2895	351	16	(	(	PUNCT
dem-2895	351	17	2013	2013	NUM
dem-2895	351	18	)	)	PUNCT
dem-2895	351	19	5–31	5–31	PROPN
dem-2895	351	20	31	31	NUM
dem-2895	351	21	trading	trading	NOUN
dem-2895	351	22	economic	economic	ADJ
dem-2895	351	23	(	(	PUNCT
dem-2895	351	24	2013	2013	NUM
dem-2895	351	25	)	)	PUNCT
dem-2895	351	26	,	,	PUNCT
dem-2895	351	27	indicators	indicator	NOUN
dem-2895	351	28	,	,	PUNCT
dem-2895	351	29	new	new	PROPN
dem-2895	351	30	york	york	PROPN
dem-2895	351	31	.	.	PUNCT
dem-2895	352	1	(	(	PUNCT
dem-2895	352	2	available	available	ADJ
dem-2895	352	3	at	at	ADP
dem-2895	352	4	http://tradingeconomics.com	http://tradingeconomics.com	PROPN
dem-2895	352	5	,	,	PUNCT
dem-2895	352	6	16.06.2013	16.06.2013	NUM
dem-2895	352	7	)	)	PUNCT
dem-2895	352	8	.	.	PUNCT
dem-2895	353	1	ülkü	ülkü	PROPN
dem-2895	353	2	,	,	PUNCT
dem-2895	353	3	n.	n.	NOUN
dem-2895	353	4	,	,	PUNCT
dem-2895	353	5	demirci	demirci	PROPN
dem-2895	353	6	,	,	PUNCT
dem-2895	353	7	e.	e.	PROPN
dem-2895	353	8	(	(	PUNCT
dem-2895	353	9	2012	2012	NUM
dem-2895	353	10	)	)	PUNCT
dem-2895	353	11	,	,	PUNCT
dem-2895	353	12	joint	joint	ADJ
dem-2895	353	13	dynamics	dynamic	NOUN
dem-2895	353	14	of	of	ADP
dem-2895	353	15	foreign	foreign	ADJ
dem-2895	353	16	exchange	exchange	NOUN
dem-2895	353	17	and	and	CCONJ
dem-2895	353	18	stock	stock	NOUN
dem-2895	353	19	markets	market	NOUN
dem-2895	353	20	in	in	ADP
dem-2895	353	21	emerging	emerge	VERB
dem-2895	353	22	europe	europe	PROPN
dem-2895	353	23	,	,	PUNCT
dem-2895	353	24	journal	journal	NOUN
dem-2895	353	25	of	of	ADP
dem-2895	353	26	international	international	ADJ
dem-2895	353	27	financial	financial	ADJ
dem-2895	353	28	markets	market	NOUN
dem-2895	353	29	,	,	PUNCT
dem-2895	353	30	institutions	institution	NOUN
dem-2895	353	31	&	&	CCONJ
dem-2895	353	32	money	money	NOUN
dem-2895	353	33	,	,	PUNCT
dem-2895	353	34	22	22	NUM
dem-2895	353	35	,	,	PUNCT
dem-2895	353	36	55–86	55–86	NUM
dem-2895	353	37	.	.	PUNCT
dem-2895	354	1	dynamika	dynamika	NOUN
dem-2895	354	2	i	i	PRON
dem-2895	354	3	siła	siła	ADV
dem-2895	354	4	zależności	zależności	PROPN
dem-2895	354	5	pomiędzy	pomiędzy	AUX
dem-2895	354	6	rynkami	rynkami	ADV
dem-2895	354	7	giełdowymi	giełdowymi	VERB
dem-2895	354	8	czech	czech	PROPN
dem-2895	354	9	,	,	PUNCT
dem-2895	354	10	węgier	węgier	NOUN
dem-2895	354	11	i	i	PRON
dem-2895	354	12	polski	polski	VERB
dem-2895	354	13	po	po	PROPN
dem-2895	355	1	ich	ich	PROPN
dem-2895	355	2	wejściu	wejściu	VERB
dem-2895	355	3	do	do	AUX
dem-2895	355	4	unii	unii	NOUN
dem-2895	355	5	europejskiej	europejskiej	PROPN
dem-2895	356	1	z	z	NOUN
dem-2895	357	1	a	a	DET
dem-2895	357	2	r	r	NOUN
dem-2895	357	3	y	y	PROPN
dem-2895	357	4	s	s	PROPN
dem-2895	357	5	t	t	NOUN
dem-2895	357	6	r	r	NOUN
dem-2895	357	7	e	e	PROPN
dem-2895	357	8	ś	ś	PROPN
dem-2895	357	9	c	c	PROPN
dem-2895	357	10	i.	i.	PROPN
dem-2895	357	11	w	w	PROPN
dem-2895	357	12	pracy	pracy	PROPN
dem-2895	357	13	analizowana	analizowana	PROPN
dem-2895	357	14	jest	jest	PROPN
dem-2895	357	15	dynamika	dynamika	PROPN
dem-2895	357	16	i	i	PRON
dem-2895	357	17	siła	siła	VERB
dem-2895	357	18	powiązań	powiązań	VERB
dem-2895	357	19	pomiędzy	pomiędzy	NOUN
dem-2895	357	20	rynkami	rynkami	ADV
dem-2895	357	21	giełdowymi	giełdowymi	VERB
dem-2895	357	22	czech	czech	PROPN
dem-2895	357	23	,	,	PUNCT
dem-2895	357	24	węgier	węgier	NOUN
dem-2895	357	25	i	i	PROPN
dem-2895	357	26	polski	polski	PROPN
dem-2895	357	27	.	.	PUNCT
dem-2895	358	1	badanie	badanie	PROPN
dem-2895	358	2	obejmuje	obejmuje	PROPN
dem-2895	358	3	okres	okres	PROPN
dem-2895	358	4	po	po	PROPN
dem-2895	358	5	wejściu	wejściu	PROPN
dem-2895	358	6	wymienionych	wymienionych	PROPN
dem-2895	358	7	krajów	krajów	PROPN
dem-2895	358	8	do	do	VERB
dem-2895	358	9	unii	unii	PROPN
dem-2895	358	10	europejskiej	europejskiej	PROPN
dem-2895	358	11	.	.	PUNCT
dem-2895	359	1	ponadto	ponadto	PROPN
dem-2895	359	2	oceniamy	oceniamy	ADJ
dem-2895	359	3	powiązania	powiązania	NOUN
dem-2895	359	4	pomiędzy	pomiędzy	VERB
dem-2895	359	5	każdym	każdym	PROPN
dem-2895	359	6	z	z	PROPN
dem-2895	359	7	wymienionych	wymienionych	PROPN
dem-2895	359	8	rynków	rynków	VERB
dem-2895	359	9	a	a	DET
dem-2895	359	10	wybranymi	wybranymi	NOUN
dem-2895	359	11	rynkami	rynkami	ADJ
dem-2895	359	12	rozwiniętymi	rozwiniętymi	PROPN
dem-2895	359	13	(	(	PUNCT
dem-2895	359	14	europejskim	europejskim	NOUN
dem-2895	359	15	i	i	PROPN
dem-2895	359	16	amerykańskim	amerykańskim	NOUN
dem-2895	359	17	)	)	PUNCT
dem-2895	359	18	.	.	PUNCT
dem-2895	360	1	analiza	analiza	PROPN
dem-2895	360	2	oparta	oparta	PROPN
dem-2895	360	3	jest	jest	PROPN
dem-2895	360	4	na	na	PART
dem-2895	360	5	dziennych	dziennych	VERB
dem-2895	360	6	notowaniach	notowaniach	NOUN
dem-2895	360	7	głównych	głównych	PROPN
dem-2895	360	8	indeksów	indeksów	PROPN
dem-2895	360	9	giełdowych	giełdowych	PROPN
dem-2895	360	10	(	(	PUNCT
dem-2895	360	11	px	px	PROPN
dem-2895	360	12	,	,	PUNCT
dem-2895	360	13	bux	bux	PROPN
dem-2895	360	14	,	,	PUNCT
dem-2895	360	15	wig20	wig20	PROPN
dem-2895	360	16	,	,	PUNCT
dem-2895	360	17	dax	dax	PROPN
dem-2895	360	18	,	,	PUNCT
dem-2895	360	19	s&p	s&p	PROPN
dem-2895	360	20	500	500	NUM
dem-2895	360	21	)	)	PUNCT
dem-2895	361	1	i	i	PRON
dem-2895	361	2	obejmuje	obejmuje	PROPN
dem-2895	361	3	okres	okre	VERB
dem-2895	361	4	od	od	PROPN
dem-2895	361	5	5	5	NUM
dem-2895	361	6	maja	maja	PROPN
dem-2895	361	7	2004	2004	PROPN
dem-2895	361	8	r.	r.	PROPN
dem-2895	361	9	do	do	VERB
dem-2895	361	10	20	20	NUM
dem-2895	361	11	lipca	lipca	PROPN
dem-2895	361	12	2012	2012	NUM
dem-2895	361	13	r.	r.	PROPN
dem-2895	361	14	dynamika	dynamika	PROPN
dem-2895	361	15	zależności	zależności	PROPN
dem-2895	361	16	jest	jest	PROPN
dem-2895	361	17	opisywana	opisywana	PROPN
dem-2895	361	18	za	za	PROPN
dem-2895	361	19	pomocą	pomocą	PROPN
dem-2895	361	20	modeli	modeli	PROPN
dem-2895	361	21	kopuli	kopuli	PROPN
dem-2895	361	22	z	z	PROPN
dem-2895	361	23	przełączaniem	przełączaniem	NOUN
dem-2895	361	24	typu	typu	PROPN
dem-2895	361	25	markowa	markowa	PROPN
dem-2895	361	26	,	,	PUNCT
dem-2895	361	27	a	a	DET
dem-2895	361	28	stosowanymi	stosowanymi	VERB
dem-2895	361	29	miarami	miarami	NOUN
dem-2895	361	30	siły	siły	VERB
dem-2895	361	31	powiązań	powiązań	PROPN
dem-2895	361	32	są	są	PROPN
dem-2895	361	33	dynamiczne	dynamiczne	PROPN
dem-2895	361	34	współczynniki	współczynniki	PROPN
dem-2895	361	35	rho	rho	PROPN
dem-2895	361	36	spearmana	spearmana	PROPN
dem-2895	362	1	i	i	PRON
dem-2895	362	2	dynamiczne	dynamiczne	VERB
dem-2895	362	3	współczynniki	współczynniki	PROPN
dem-2895	362	4	zależności	zależności	PROPN
dem-2895	362	5	w	w	PROPN
dem-2895	362	6	ogonach	ogonach	PROPN
dem-2895	362	7	rozkładów	rozkładów	NOUN
dem-2895	362	8	.	.	PUNCT
dem-2895	363	1	uzyskane	uzyskane	PROPN
dem-2895	363	2	wyniki	wyniki	PROPN
dem-2895	363	3	pokazują	pokazują	PROPN
dem-2895	363	4	,	,	PUNCT
dem-2895	363	5	że	że	PROPN
dem-2895	363	6	zależności	zależności	PROPN
dem-2895	363	7	pomiędzy	pomiędzy	AUX
dem-2895	363	8	rozważanymi	rozważanymi	VERB
dem-2895	363	9	rynkami	rynkami	ADJ
dem-2895	363	10	wschodzącymi	wschodzącymi	VERB
dem-2895	363	11	są	są	PROPN
dem-2895	363	12	bardzo	bardzo	X
dem-2895	363	13	wrażliwe	wrażliwe	NOUN
dem-2895	363	14	na	na	PROPN
dem-2895	363	15	sytuację	sytuację	PROPN
dem-2895	363	16	rynkową	rynkową	PROPN
dem-2895	363	17	,	,	PUNCT
dem-2895	363	18	natomiast	natomiast	ADJ
dem-2895	363	19	powiązania	powiązania	NOUN
dem-2895	363	20	z	z	PROPN
dem-2895	363	21	rynkami	rynkami	PROPN
dem-2895	363	22	rozwiniętymi	rozwiniętymi	PROPN
dem-2895	363	23	są	są	PROPN
dem-2895	363	24	stabilne	stabilne	PROPN
dem-2895	363	25	.	.	PUNCT
dem-2895	364	1	s	s	PART
dem-2895	364	2	ł	ł	PROPN
dem-2895	364	3	o	o	X
dem-2895	364	4	w	w	NOUN
dem-2895	364	5	a	a	DET
dem-2895	364	6	k	k	X
dem-2895	364	7	l	l	NOUN
dem-2895	364	8	u	u	NOUN
dem-2895	365	1	c	c	NOUN
dem-2895	365	2	z	z	NOUN
dem-2895	365	3	o	o	X
dem-2895	365	4	w	w	PROPN
dem-2895	366	1	e	e	NOUN
dem-2895	366	2	:	:	PUNCT
dem-2895	366	3	środkowoeuropejski	środkowoeuropejski	ADJ
dem-2895	366	4	rynek	rynek	NOUN
dem-2895	366	5	giełdowy	giełdowy	NOUN
dem-2895	366	6	,	,	PUNCT
dem-2895	366	7	zależność	zależność	PROPN
dem-2895	366	8	warunkowa	warunkowa	PROPN
dem-2895	366	9	,	,	PUNCT
dem-2895	366	10	modele	modele	PROPN
dem-2895	366	11	kopuli	kopuli	PROPN
dem-2895	366	12	z	z	PROPN
dem-2895	366	13	przełączaniem	przełączaniem	NOUN
dem-2895	366	14	typu	typu	PROPN
dem-2895	366	15	markowa	markowa	PROPN
dem-2895	366	16	,	,	PUNCT
dem-2895	366	17	współczynnik	współczynnik	VERB
dem-2895	366	18	rho	rho	PROPN
dem-2895	366	19	spearmana	spearmana	PROPN
dem-2895	366	20	,	,	PUNCT
dem-2895	366	21	zależność	zależność	PROPN
dem-2895	366	22	w	w	PROPN
dem-2895	366	23	ogonie	ogonie	PROPN
dem-2895	366	24	rozkładu	rozkładu	ADJ
dem-2895	366	25	,	,	PUNCT
dem-2895	366	26	zbiór	zbiór	PROPN
dem-2895	366	27	ufności	ufności	PROPN
dem-2895	366	28	modeli	modeli	PROPN
dem-2895	366	29	,	,	PUNCT
dem-2895	366	30	indeks	indek	NOUN
dem-2895	366	31	giełdowy	giełdowy	NOUN
dem-2895	366	32	.	.	PUNCT