id	sid	tid	token	lemma	pos
dem-2896	1	1	microsoft	microsoft	PROPN
dem-2896	1	2	word	word	NOUN
dem-2896	1	3	00_tresc.docx	00_tresc.docx	X
dem-2896	1	4	©	©	PROPN
dem-2896	1	5	2013	2013	NUM
dem-2896	1	6	nicolaus	nicolaus	PROPN
dem-2896	1	7	copernicus	copernicus	PROPN
dem-2896	1	8	university	university	PROPN
dem-2896	1	9	.	.	PUNCT
dem-2896	2	1	all	all	DET
dem-2896	2	2	rights	right	NOUN
dem-2896	2	3	reserved	reserve	VERB
dem-2896	2	4	.	.	PUNCT
dem-2896	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-2896	4	1	d	d	PUNCT
dem-2896	4	2	y	y	PROPN
dem-2896	4	3	n	n	PROPN
dem-2896	4	4	a	a	PRON
dem-2896	4	5	m	m	VERB
dem-2896	5	1	i	i	NOUN
dem-2896	5	2	c	c	NOUN
dem-2896	5	3	e	e	NOUN
dem-2896	5	4	c	c	NOUN
dem-2896	5	5	o	o	X
dem-2896	6	1	n	n	INTJ
dem-2896	6	2	o	o	NOUN
dem-2896	6	3	m	m	VERB
dem-2896	7	1	e	e	NOUN
dem-2896	7	2	t	t	NOUN
dem-2896	7	3	r	r	NOUN
dem-2896	7	4	i	i	NOUN
dem-2896	7	5	c	c	NOUN
dem-2896	7	6	m	m	VERB
dem-2896	7	7	o	o	NOUN
dem-2896	7	8	d	d	X
dem-2896	7	9	e	e	X
dem-2896	7	10	l	l	NOUN
dem-2896	7	11	s	s	X
dem-2896	7	12	doi	doi	NOUN
dem-2896	7	13	:	:	PUNCT
dem-2896	7	14	http://dx.doi.org/10.12775/dem.2013.002	http://dx.doi.org/10.12775/dem.2013.002	NOUN
dem-2896	7	15	vol	vol	NOUN
dem-2896	7	16	.	.	NOUN
dem-2896	7	17	13	13	NUM
dem-2896	7	18	(	(	PUNCT
dem-2896	7	19	2013	2013	NUM
dem-2896	7	20	)	)	PUNCT
dem-2896	8	1	33−50	33−50	NUM
dem-2896	8	2	submitted	submit	VERB
dem-2896	8	3	july	july	PROPN
dem-2896	8	4	27	27	NUM
dem-2896	8	5	,	,	PUNCT
dem-2896	8	6	2012	2012	NUM
dem-2896	8	7	issn	issn	VERB
dem-2896	8	8	accepted	accept	VERB
dem-2896	8	9	april	april	PROPN
dem-2896	8	10	3	3	NUM
dem-2896	8	11	,	,	PUNCT
dem-2896	8	12	2013	2013	NUM
dem-2896	8	13	1234	1234	NUM
dem-2896	8	14	-	-	SYM
dem-2896	8	15	3862	3862	NUM
dem-2896	8	16	joanna	joanna	NOUN
dem-2896	8	17	olbryś	olbryś	PROPN
dem-2896	8	18	*	*	PUNCT
dem-2896	8	19	asymmetric	asymmetric	ADJ
dem-2896	8	20	impact	impact	NOUN
dem-2896	8	21	of	of	ADP
dem-2896	8	22	innovations	innovation	NOUN
dem-2896	8	23	on	on	ADP
dem-2896	8	24	volatility	volatility	NOUN
dem-2896	8	25	in	in	ADP
dem-2896	8	26	the	the	DET
dem-2896	8	27	case	case	NOUN
dem-2896	8	28	of	of	ADP
dem-2896	8	29	the	the	DET
dem-2896	8	30	us	us	PROPN
dem-2896	8	31	and	and	CCONJ
dem-2896	8	32	ceec–3	ceec–3	NOUN
dem-2896	8	33	markets	market	NOUN
dem-2896	8	34	:	:	PUNCT
dem-2896	8	35	egarch	egarch	NOUN
dem-2896	8	36	based	base	VERB
dem-2896	8	37	approach	approach	NOUN
dem-2896	8	38	a	a	DET
dem-2896	8	39	b	b	PROPN
dem-2896	8	40	s	s	ADP
dem-2896	8	41	t	t	PROPN
dem-2896	8	42	r	r	NOUN
dem-2896	8	43	a	a	DET
dem-2896	8	44	c	c	NOUN
dem-2896	8	45	t.	t.	NOUN
dem-2896	8	46	the	the	DET
dem-2896	8	47	main	main	ADJ
dem-2896	8	48	goal	goal	NOUN
dem-2896	8	49	of	of	ADP
dem-2896	8	50	this	this	DET
dem-2896	8	51	study	study	NOUN
dem-2896	8	52	is	be	AUX
dem-2896	8	53	to	to	PART
dem-2896	8	54	investigate	investigate	VERB
dem-2896	8	55	the	the	DET
dem-2896	8	56	asymmetric	asymmetric	ADJ
dem-2896	8	57	impact	impact	NOUN
dem-2896	8	58	of	of	ADP
dem-2896	8	59	innovations	innovation	NOUN
dem-2896	8	60	on	on	ADP
dem-2896	8	61	volatility	volatility	NOUN
dem-2896	8	62	in	in	ADP
dem-2896	8	63	the	the	DET
dem-2896	8	64	case	case	NOUN
dem-2896	8	65	of	of	ADP
dem-2896	8	66	the	the	DET
dem-2896	8	67	us	us	PROPN
dem-2896	8	68	and	and	CCONJ
dem-2896	8	69	three	three	NUM
dem-2896	8	70	biggest	big	ADJ
dem-2896	8	71	emerging	emerge	VERB
dem-2896	8	72	ceec–3	ceec–3	NOUN
dem-2896	8	73	markets	market	NOUN
dem-2896	8	74	,	,	PUNCT
dem-2896	8	75	using	use	VERB
dem-2896	8	76	univariate	univariate	ADJ
dem-2896	8	77	egarch	egarch	NOUN
dem-2896	8	78	approach	approach	NOUN
dem-2896	8	79	.	.	PUNCT
dem-2896	9	1	we	we	PRON
dem-2896	9	2	compare	compare	VERB
dem-2896	9	3	empirical	empirical	ADJ
dem-2896	9	4	results	result	NOUN
dem-2896	9	5	for	for	ADP
dem-2896	9	6	both	both	CCONJ
dem-2896	9	7	the	the	DET
dem-2896	9	8	whole	whole	ADJ
dem-2896	9	9	sample	sample	NOUN
dem-2896	9	10	from	from	ADP
dem-2896	9	11	jan	jan	PROPN
dem-2896	9	12	3	3	NUM
dem-2896	9	13	,	,	PUNCT
dem-2896	9	14	2007	2007	NUM
dem-2896	9	15	to	to	ADP
dem-2896	9	16	dec	dec	PROPN
dem-2896	9	17	30	30	NUM
dem-2896	9	18	,	,	PUNCT
dem-2896	9	19	2011	2011	NUM
dem-2896	9	20	,	,	PUNCT
dem-2896	9	21	and	and	CCONJ
dem-2896	9	22	two	two	NUM
dem-2896	9	23	equal	equal	ADJ
dem-2896	9	24	subsamples	subsample	NOUN
dem-2896	9	25	:	:	PUNCT
dem-2896	9	26	the	the	DET
dem-2896	9	27	‘	'	PUNCT
dem-2896	9	28	down	down	ADP
dem-2896	9	29	market	market	NOUN
dem-2896	9	30	’	'	PUNCT
dem-2896	9	31	period	period	NOUN
dem-2896	9	32	,	,	PUNCT
dem-2896	9	33	and	and	CCONJ
dem-2896	9	34	the	the	DET
dem-2896	9	35	‘	'	PUNCT
dem-2896	9	36	up	up	ADP
dem-2896	9	37	market	market	NOUN
dem-2896	9	38	’	'	PUNCT
dem-2896	9	39	period	period	NOUN
dem-2896	9	40	.	.	PUNCT
dem-2896	10	1	pronounced	pronounce	VERB
dem-2896	10	2	negative	negative	ADJ
dem-2896	10	3	asymmetry	asymmetry	NOUN
dem-2896	10	4	effects	effect	NOUN
dem-2896	10	5	are	be	AUX
dem-2896	10	6	presented	present	VERB
dem-2896	10	7	in	in	ADP
dem-2896	10	8	the	the	DET
dem-2896	10	9	case	case	NOUN
dem-2896	10	10	of	of	ADP
dem-2896	10	11	all	all	DET
dem-2896	10	12	markets	market	NOUN
dem-2896	10	13	,	,	PUNCT
dem-2896	10	14	and	and	CCONJ
dem-2896	10	15	are	be	AUX
dem-2896	10	16	especially	especially	ADV
dem-2896	10	17	strong	strong	ADJ
dem-2896	10	18	in	in	ADP
dem-2896	10	19	the	the	DET
dem-2896	10	20	‘	'	PUNCT
dem-2896	10	21	down	down	ADP
dem-2896	10	22	market	market	NOUN
dem-2896	10	23	’	'	PUNCT
dem-2896	10	24	period	period	NOUN
dem-2896	10	25	,	,	PUNCT
dem-2896	10	26	which	which	PRON
dem-2896	10	27	is	be	AUX
dem-2896	10	28	closely	closely	ADV
dem-2896	10	29	connected	connect	VERB
dem-2896	10	30	with	with	ADP
dem-2896	10	31	the	the	DET
dem-2896	10	32	2007	2007	NUM
dem-2896	10	33	us	us	PROPN
dem-2896	10	34	subprime	subprime	ADJ
dem-2896	10	35	crisis	crisis	NOUN
dem-2896	10	36	period	period	NOUN
dem-2896	10	37	.	.	PUNCT
dem-2896	11	1	k	k	PROPN
dem-2896	11	2	e	e	PROPN
dem-2896	11	3	y	y	PROPN
dem-2896	11	4	w	w	NOUN
dem-2896	11	5	o	o	NOUN
dem-2896	11	6	r	r	NOUN
dem-2896	11	7	d	d	X
dem-2896	11	8	s	s	NOUN
dem-2896	11	9	:	:	PUNCT
dem-2896	11	10	volatility	volatility	NOUN
dem-2896	11	11	,	,	PUNCT
dem-2896	11	12	asymmetry	asymmetry	NOUN
dem-2896	11	13	effect	effect	NOUN
dem-2896	11	14	,	,	PUNCT
dem-2896	11	15	down	down	ADP
dem-2896	11	16	and	and	CCONJ
dem-2896	11	17	up	up	ADP
dem-2896	11	18	market	market	NOUN
dem-2896	11	19	,	,	PUNCT
dem-2896	11	20	overlapping	overlap	VERB
dem-2896	11	21	information	information	NOUN
dem-2896	11	22	set	set	NOUN
dem-2896	11	23	,	,	PUNCT
dem-2896	11	24	univariate	univariate	ADJ
dem-2896	11	25	egarch	egarch	NOUN
dem-2896	11	26	model	model	NOUN
dem-2896	11	27	.	.	PUNCT
dem-2896	12	1	j	j	PROPN
dem-2896	12	2	e	e	PROPN
dem-2896	12	3	l	l	PROPN
dem-2896	12	4	classification	classification	NOUN
dem-2896	12	5	:	:	PUNCT
dem-2896	12	6	c32	c32	NOUN
dem-2896	12	7	,	,	PUNCT
dem-2896	12	8	c58	c58	PROPN
dem-2896	12	9	,	,	PUNCT
dem-2896	12	10	g15	g15	PROPN
dem-2896	12	11	.	.	PUNCT
dem-2896	12	12	introduction	introduction	NOUN
dem-2896	12	13	the	the	DET
dem-2896	12	14	us	us	PROPN
dem-2896	12	15	stock	stock	NOUN
dem-2896	12	16	market	market	NOUN
dem-2896	12	17	is	be	AUX
dem-2896	12	18	found	find	VERB
dem-2896	12	19	to	to	PART
dem-2896	12	20	be	be	AUX
dem-2896	12	21	the	the	DET
dem-2896	12	22	most	most	ADV
dem-2896	12	23	influential	influential	ADJ
dem-2896	12	24	market	market	NOUN
dem-2896	12	25	in	in	ADP
dem-2896	12	26	the	the	DET
dem-2896	12	27	world	world	NOUN
dem-2896	12	28	.	.	PUNCT
dem-2896	13	1	the	the	DET
dem-2896	13	2	results	result	NOUN
dem-2896	13	3	of	of	ADP
dem-2896	13	4	many	many	ADJ
dem-2896	13	5	studies	study	NOUN
dem-2896	13	6	support	support	VERB
dem-2896	13	7	the	the	DET
dem-2896	13	8	evidence	evidence	NOUN
dem-2896	13	9	for	for	ADP
dem-2896	13	10	us	us	PROPN
dem-2896	13	11	dominance	dominance	NOUN
dem-2896	13	12	in	in	ADP
dem-2896	13	13	the	the	DET
dem-2896	13	14	international	international	ADJ
dem-2896	13	15	stock	stock	NOUN
dem-2896	13	16	markets	market	NOUN
dem-2896	13	17	,	,	PUNCT
dem-2896	13	18	and	and	CCONJ
dem-2896	13	19	therefore	therefore	ADV
dem-2896	13	20	the	the	DET
dem-2896	13	21	s&p	s&p	PROPN
dem-2896	13	22	500	500	NUM
dem-2896	13	23	,	,	PUNCT
dem-2896	13	24	the	the	DET
dem-2896	13	25	main	main	ADJ
dem-2896	13	26	index	index	NOUN
dem-2896	13	27	of	of	ADP
dem-2896	13	28	the	the	DET
dem-2896	13	29	new	new	PROPN
dem-2896	13	30	york	york	PROPN
dem-2896	13	31	stock	stock	PROPN
dem-2896	13	32	exchange	exchange	PROPN
dem-2896	13	33	,	,	PUNCT
dem-2896	13	34	is	be	AUX
dem-2896	13	35	universally	universally	ADV
dem-2896	13	36	accepted	accept	VERB
dem-2896	13	37	as	as	ADP
dem-2896	13	38	a	a	DET
dem-2896	13	39	benchmark	benchmark	NOUN
dem-2896	13	40	index	index	NOUN
dem-2896	13	41	,	,	PUNCT
dem-2896	13	42	both	both	CCONJ
dem-2896	13	43	in	in	ADP
dem-2896	13	44	the	the	DET
dem-2896	13	45	case	case	NOUN
dem-2896	13	46	of	of	ADP
dem-2896	13	47	developed	developed	ADJ
dem-2896	13	48	and	and	CCONJ
dem-2896	13	49	emerging	emerge	VERB
dem-2896	13	50	markets	market	NOUN
dem-2896	13	51	research	research	NOUN
dem-2896	13	52	(	(	PUNCT
dem-2896	13	53	e.g.	e.g.	ADV
dem-2896	13	54	eun	eun	NOUN
dem-2896	13	55	,	,	PUNCT
dem-2896	13	56	shim	shim	NOUN
dem-2896	13	57	,	,	PUNCT
dem-2896	13	58	1989	1989	NUM
dem-2896	13	59	;	;	PUNCT
dem-2896	13	60	hamao	hamao	PROPN
dem-2896	13	61	et	et	PROPN
dem-2896	13	62	al	al	PROPN
dem-2896	13	63	.	.	PROPN
dem-2896	13	64	,	,	PUNCT
dem-2896	13	65	1990	1990	NUM
dem-2896	13	66	;	;	PUNCT
dem-2896	13	67	koutmos	koutmos	PROPN
dem-2896	13	68	,	,	PUNCT
dem-2896	13	69	booth	booth	NOUN
dem-2896	13	70	,	,	PUNCT
dem-2896	13	71	1995	1995	NUM
dem-2896	13	72	;	;	PUNCT
dem-2896	13	73	tse	tse	PROPN
dem-2896	13	74	et	et	PROPN
dem-2896	13	75	al	al	PROPN
dem-2896	13	76	.	.	PROPN
dem-2896	13	77	,	,	PUNCT
dem-2896	13	78	2003	2003	NUM
dem-2896	13	79	;	;	PUNCT
dem-2896	13	80	syriopoulos	syriopoulo	NOUN
dem-2896	13	81	,	,	PUNCT
dem-2896	13	82	2007	2007	NUM
dem-2896	13	83	;	;	PUNCT
dem-2896	13	84	lee	lee	PROPN
dem-2896	13	85	,	,	PUNCT
dem-2896	13	86	stewart	stewart	PROPN
dem-2896	13	87	,	,	PUNCT
dem-2896	13	88	2010	2010	NUM
dem-2896	13	89	;	;	PUNCT
dem-2896	13	90	baumöhl	baumöhl	NOUN
dem-2896	13	91	,	,	PUNCT
dem-2896	13	92	výrost	výrost	ADJ
dem-2896	13	93	,	,	PUNCT
dem-2896	13	94	2010	2010	NUM
dem-2896	13	95	;	;	PUNCT
dem-2896	13	96	*	*	PUNCT
dem-2896	13	97	correspondence	correspondence	NOUN
dem-2896	13	98	to	to	ADP
dem-2896	13	99	:	:	PUNCT
dem-2896	13	100	joanna	joanna	PROPN
dem-2896	13	101	olbryś	olbryś	PROPN
dem-2896	13	102	,	,	PUNCT
dem-2896	13	103	faculty	faculty	NOUN
dem-2896	13	104	of	of	ADP
dem-2896	13	105	computer	computer	NOUN
dem-2896	13	106	science	science	NOUN
dem-2896	13	107	,	,	PUNCT
dem-2896	13	108	bialystok	bialystok	ADJ
dem-2896	13	109	university	university	NOUN
dem-2896	13	110	of	of	ADP
dem-2896	13	111	technology	technology	NOUN
dem-2896	13	112	,	,	PUNCT
dem-2896	13	113	wiejska	wiejska	PROPN
dem-2896	13	114	45a	45a	PROPN
dem-2896	13	115	,	,	PUNCT
dem-2896	13	116	15	15	NUM
dem-2896	13	117	-	-	SYM
dem-2896	13	118	351	351	NUM
dem-2896	13	119	bialystok	bialystok	ADJ
dem-2896	13	120	,	,	PUNCT
dem-2896	13	121	poland	poland	PROPN
dem-2896	13	122	,	,	PUNCT
dem-2896	13	123	e	e	NOUN
dem-2896	13	124	-	-	NOUN
dem-2896	13	125	mail	mail	NOUN
dem-2896	13	126	:	:	PUNCT
dem-2896	13	127	j.olbrys@pb.edu.pl	j.olbrys@pb.edu.pl	PROPN
dem-2896	13	128	.	.	PUNCT
dem-2896	14	1	joanna	joanna	PROPN
dem-2896	14	2	olbryś	olbryś	PROPN
dem-2896	14	3	dynamic	dynamic	ADJ
dem-2896	14	4	econometric	econometric	ADJ
dem-2896	14	5	models	model	NOUN
dem-2896	14	6	13	13	NUM
dem-2896	14	7	(	(	PUNCT
dem-2896	14	8	2013	2013	NUM
dem-2896	14	9	)	)	PUNCT
dem-2896	14	10	33–50	33–50	NUM
dem-2896	14	11	34	34	NUM
dem-2896	14	12	olbryś	olbryś	ADJ
dem-2896	14	13	,	,	PUNCT
dem-2896	14	14	2013	2013	NUM
dem-2896	14	15	)	)	PUNCT
dem-2896	14	16	.	.	PUNCT
dem-2896	15	1	the	the	DET
dem-2896	15	2	recent	recent	ADJ
dem-2896	15	3	research	research	NOUN
dem-2896	15	4	evaluates	evaluate	VERB
dem-2896	15	5	the	the	DET
dem-2896	15	6	transmission	transmission	NOUN
dem-2896	15	7	of	of	ADP
dem-2896	15	8	the	the	DET
dem-2896	15	9	us	us	PROPN
dem-2896	15	10	subprime	subprime	ADJ
dem-2896	15	11	crisis	crisis	NOUN
dem-2896	15	12	to	to	AUX
dem-2896	15	13	both	both	CCONJ
dem-2896	15	14	developed	develop	VERB
dem-2896	15	15	and	and	CCONJ
dem-2896	15	16	emerging	emerge	VERB
dem-2896	15	17	markets	market	NOUN
dem-2896	15	18	.	.	PUNCT
dem-2896	16	1	however	however	ADV
dem-2896	16	2	,	,	PUNCT
dem-2896	16	3	the	the	DET
dem-2896	16	4	emerging	emerge	VERB
dem-2896	16	5	markets	market	NOUN
dem-2896	16	6	responded	respond	VERB
dem-2896	16	7	very	very	ADV
dem-2896	16	8	strongly	strongly	ADV
dem-2896	16	9	to	to	ADP
dem-2896	16	10	the	the	DET
dem-2896	16	11	deteriorating	deteriorate	VERB
dem-2896	16	12	situation	situation	NOUN
dem-2896	16	13	in	in	ADP
dem-2896	16	14	the	the	DET
dem-2896	16	15	us	us	PROPN
dem-2896	16	16	financial	financial	ADJ
dem-2896	16	17	system	system	NOUN
dem-2896	16	18	and	and	CCONJ
dem-2896	16	19	real	real	ADJ
dem-2896	16	20	economy	economy	NOUN
dem-2896	16	21	.	.	PUNCT
dem-2896	17	1	for	for	ADP
dem-2896	17	2	example	example	NOUN
dem-2896	17	3	,	,	PUNCT
dem-2896	17	4	dooley	dooley	PROPN
dem-2896	17	5	’s	’s	PART
dem-2896	17	6	and	and	CCONJ
dem-2896	17	7	hutchson	hutchson	NOUN
dem-2896	17	8	’s	’s	PART
dem-2896	17	9	(	(	PUNCT
dem-2896	17	10	2009	2009	NUM
dem-2896	17	11	)	)	PUNCT
dem-2896	17	12	regression	regression	NOUN
dem-2896	17	13	‘	'	PUNCT
dem-2896	17	14	event	event	NOUN
dem-2896	17	15	study	study	NOUN
dem-2896	17	16	’	'	PUNCT
dem-2896	17	17	focusing	focus	VERB
dem-2896	17	18	on	on	ADP
dem-2896	17	19	15	15	NUM
dem-2896	17	20	types	type	NOUN
dem-2896	17	21	of	of	ADP
dem-2896	17	22	news	news	NOUN
dem-2896	17	23	,	,	PUNCT
dem-2896	17	24	indicates	indicate	VERB
dem-2896	17	25	that	that	SCONJ
dem-2896	17	26	a	a	DET
dem-2896	17	27	range	range	NOUN
dem-2896	17	28	of	of	ADP
dem-2896	17	29	financial	financial	ADJ
dem-2896	17	30	and	and	CCONJ
dem-2896	17	31	real	real	ADJ
dem-2896	17	32	economic	economic	ADJ
dem-2896	17	33	news	news	NOUN
dem-2896	17	34	emanating	emanate	VERB
dem-2896	17	35	from	from	ADP
dem-2896	17	36	the	the	DET
dem-2896	17	37	us	us	PROPN
dem-2896	17	38	had	have	AUX
dem-2896	17	39	statistically	statistically	ADV
dem-2896	17	40	and	and	CCONJ
dem-2896	17	41	economically	economically	ADV
dem-2896	17	42	large	large	ADJ
dem-2896	17	43	impacts	impact	NOUN
dem-2896	17	44	on	on	ADP
dem-2896	17	45	14	14	NUM
dem-2896	17	46	emerging	emerge	VERB
dem-2896	17	47	markets	market	NOUN
dem-2896	17	48	and	and	CCONJ
dem-2896	17	49	several	several	ADJ
dem-2896	17	50	news	news	NOUN
dem-2896	17	51	events	event	NOUN
dem-2896	17	52	uniformly	uniformly	ADV
dem-2896	17	53	moved	move	VERB
dem-2896	17	54	markets	market	NOUN
dem-2896	17	55	.	.	PUNCT
dem-2896	18	1	as	as	ADP
dem-2896	18	2	a	a	DET
dem-2896	18	3	matter	matter	NOUN
dem-2896	18	4	of	of	ADP
dem-2896	18	5	course	course	NOUN
dem-2896	18	6	,	,	PUNCT
dem-2896	18	7	there	there	PRON
dem-2896	18	8	are	be	VERB
dem-2896	18	9	extremely	extremely	ADV
dem-2896	18	10	more	more	ADJ
dem-2896	18	11	‘	'	PUNCT
dem-2896	18	12	bad	bad	ADJ
dem-2896	18	13	’	'	PUNCT
dem-2896	18	14	than	than	ADP
dem-2896	18	15	‘	'	PUNCT
dem-2896	18	16	good	good	ADJ
dem-2896	18	17	’	'	PUNCT
dem-2896	18	18	news	news	NOUN
dem-2896	18	19	during	during	ADP
dem-2896	18	20	the	the	DET
dem-2896	18	21	‘	'	PUNCT
dem-2896	18	22	crisis	crisis	NOUN
dem-2896	18	23	’	'	PUNCT
dem-2896	18	24	period	period	NOUN
dem-2896	18	25	.	.	PUNCT
dem-2896	19	1	nelson	nelson	PROPN
dem-2896	19	2	(	(	PUNCT
dem-2896	19	3	1991	1991	NUM
dem-2896	19	4	)	)	PUNCT
dem-2896	19	5	points	point	VERB
dem-2896	19	6	out	out	ADP
dem-2896	19	7	that	that	SCONJ
dem-2896	19	8	researchers	researcher	NOUN
dem-2896	19	9	beginning	begin	VERB
dem-2896	19	10	with	with	ADP
dem-2896	19	11	black	black	ADJ
dem-2896	19	12	(	(	PUNCT
dem-2896	19	13	1976	1976	NUM
dem-2896	19	14	)	)	PUNCT
dem-2896	19	15	found	find	VERB
dem-2896	19	16	evidence	evidence	NOUN
dem-2896	19	17	that	that	SCONJ
dem-2896	19	18	stock	stock	NOUN
dem-2896	19	19	returns	return	NOUN
dem-2896	19	20	are	be	AUX
dem-2896	19	21	negatively	negatively	ADV
dem-2896	19	22	correlated	correlate	VERB
dem-2896	19	23	with	with	ADP
dem-2896	19	24	changes	change	NOUN
dem-2896	19	25	in	in	ADP
dem-2896	19	26	returns	return	NOUN
dem-2896	19	27	volatility	volatility	NOUN
dem-2896	19	28	,	,	PUNCT
dem-2896	19	29	i.e.	i.e.	X
dem-2896	19	30	volatility	volatility	NOUN
dem-2896	19	31	tends	tend	VERB
dem-2896	19	32	to	to	PART
dem-2896	19	33	rise	rise	VERB
dem-2896	19	34	in	in	ADP
dem-2896	19	35	response	response	NOUN
dem-2896	19	36	to	to	ADP
dem-2896	19	37	‘	'	PUNCT
dem-2896	19	38	bad	bad	ADJ
dem-2896	19	39	news	news	NOUN
dem-2896	19	40	’	'	PUNCT
dem-2896	19	41	(	(	PUNCT
dem-2896	19	42	excess	excess	ADJ
dem-2896	19	43	returns	return	NOUN
dem-2896	19	44	lower	low	ADJ
dem-2896	19	45	than	than	SCONJ
dem-2896	19	46	expected	expect	VERB
dem-2896	19	47	)	)	PUNCT
dem-2896	19	48	and	and	CCONJ
dem-2896	19	49	to	to	PART
dem-2896	19	50	fall	fall	VERB
dem-2896	19	51	in	in	ADP
dem-2896	19	52	response	response	NOUN
dem-2896	19	53	to	to	ADP
dem-2896	19	54	‘	'	PUNCT
dem-2896	19	55	good	good	ADJ
dem-2896	19	56	news	news	NOUN
dem-2896	19	57	’	'	PUNCT
dem-2896	19	58	(	(	PUNCT
dem-2896	19	59	excess	excess	ADJ
dem-2896	19	60	returns	return	NOUN
dem-2896	19	61	higher	high	ADJ
dem-2896	19	62	than	than	SCONJ
dem-2896	19	63	expected	expect	VERB
dem-2896	19	64	)	)	PUNCT
dem-2896	19	65	.	.	PUNCT
dem-2896	20	1	the	the	DET
dem-2896	20	2	purpose	purpose	NOUN
dem-2896	20	3	of	of	ADP
dem-2896	20	4	this	this	DET
dem-2896	20	5	paper	paper	NOUN
dem-2896	20	6	is	be	AUX
dem-2896	20	7	to	to	PART
dem-2896	20	8	investigate	investigate	VERB
dem-2896	20	9	the	the	DET
dem-2896	20	10	asymmetric	asymmetric	ADJ
dem-2896	20	11	impact	impact	NOUN
dem-2896	20	12	of	of	ADP
dem-2896	20	13	innovations	innovation	NOUN
dem-2896	20	14	on	on	ADP
dem-2896	20	15	volatility	volatility	NOUN
dem-2896	20	16	in	in	ADP
dem-2896	20	17	the	the	DET
dem-2896	20	18	case	case	NOUN
dem-2896	20	19	of	of	ADP
dem-2896	20	20	three	three	NUM
dem-2896	20	21	biggest	big	ADJ
dem-2896	20	22	emerging	emerge	VERB
dem-2896	20	23	ceec–31	ceec–31	PROPN
dem-2896	20	24	markets	market	NOUN
dem-2896	20	25	,	,	PUNCT
dem-2896	20	26	and	and	CCONJ
dem-2896	20	27	(	(	PUNCT
dem-2896	20	28	for	for	ADP
dem-2896	20	29	comparison	comparison	NOUN
dem-2896	20	30	)	)	PUNCT
dem-2896	20	31	for	for	ADP
dem-2896	20	32	the	the	DET
dem-2896	20	33	us	us	PROPN
dem-2896	20	34	stock	stock	NOUN
dem-2896	20	35	market	market	NOUN
dem-2896	20	36	,	,	PUNCT
dem-2896	20	37	using	use	VERB
dem-2896	20	38	univariate	univariate	ADJ
dem-2896	20	39	egarch	egarch	NOUN
dem-2896	20	40	approach	approach	NOUN
dem-2896	20	41	(	(	PUNCT
dem-2896	20	42	nelson	nelson	PROPN
dem-2896	20	43	,	,	PUNCT
dem-2896	20	44	1991	1991	NUM
dem-2896	20	45	)	)	PUNCT
dem-2896	20	46	.	.	PUNCT
dem-2896	21	1	we	we	PRON
dem-2896	21	2	try	try	VERB
dem-2896	21	3	to	to	PART
dem-2896	21	4	deal	deal	VERB
dem-2896	21	5	with	with	ADP
dem-2896	21	6	the	the	DET
dem-2896	21	7	‘	'	PUNCT
dem-2896	21	8	nonsynchronous	nonsynchronous	ADJ
dem-2896	21	9	trading	trading	NOUN
dem-2896	21	10	effect	effect	NOUN
dem-2896	21	11	ii	ii	NOUN
dem-2896	21	12	’	'	PUNCT
dem-2896	21	13	by	by	ADP
dem-2896	21	14	using	use	VERB
dem-2896	21	15	a	a	DET
dem-2896	21	16	‘	'	PUNCT
dem-2896	21	17	common	common	ADJ
dem-2896	21	18	trading	trading	NOUN
dem-2896	21	19	window	window	NOUN
dem-2896	21	20	’	'	PUNCT
dem-2896	21	21	procedure	procedure	NOUN
dem-2896	21	22	and	and	CCONJ
dem-2896	21	23	estimating	estimate	VERB
dem-2896	21	24	suitable	suitable	ADJ
dem-2896	21	25	egarch	egarch	NOUN
dem-2896	21	26	models	model	NOUN
dem-2896	21	27	based	base	VERB
dem-2896	21	28	on	on	ADP
dem-2896	21	29	daily	daily	ADJ
dem-2896	21	30	open	open	ADJ
dem-2896	21	31	–	–	PUNCT
dem-2896	21	32	to	to	PART
dem-2896	21	33	–	–	PUNCT
dem-2896	21	34	close	close	VERB
dem-2896	21	35	logarithmic	logarithmic	ADJ
dem-2896	21	36	returns	return	NOUN
dem-2896	21	37	for	for	ADP
dem-2896	21	38	the	the	DET
dem-2896	21	39	four	four	NUM
dem-2896	21	40	major	major	ADJ
dem-2896	21	41	stock	stock	NOUN
dem-2896	21	42	market	market	NOUN
dem-2896	21	43	indexes	index	NOUN
dem-2896	21	44	:	:	PUNCT
dem-2896	21	45	s&p	s&p	PROPN
dem-2896	21	46	500	500	NUM
dem-2896	21	47	(	(	PUNCT
dem-2896	21	48	new	new	PROPN
dem-2896	21	49	york	york	PROPN
dem-2896	21	50	)	)	PUNCT
dem-2896	21	51	,	,	PUNCT
dem-2896	21	52	wig	wig	NOUN
dem-2896	21	53	(	(	PUNCT
dem-2896	21	54	warsaw	warsaw	PROPN
dem-2896	21	55	)	)	PUNCT
dem-2896	21	56	,	,	PUNCT
dem-2896	21	57	px	px	PROPN
dem-2896	21	58	(	(	PUNCT
dem-2896	21	59	prague	prague	PROPN
dem-2896	21	60	)	)	PUNCT
dem-2896	21	61	,	,	PUNCT
dem-2896	21	62	and	and	CCONJ
dem-2896	21	63	bux	bux	PROPN
dem-2896	21	64	(	(	PUNCT
dem-2896	21	65	budapest	budapest	PROPN
dem-2896	21	66	)	)	PUNCT
dem-2896	21	67	.	.	PUNCT
dem-2896	22	1	the	the	DET
dem-2896	22	2	main	main	ADJ
dem-2896	22	3	goal	goal	NOUN
dem-2896	22	4	is	be	AUX
dem-2896	22	5	to	to	PART
dem-2896	22	6	obtain	obtain	VERB
dem-2896	22	7	an	an	DET
dem-2896	22	8	overlapping	overlap	VERB
dem-2896	22	9	information	information	NOUN
dem-2896	22	10	set	set	VERB
dem-2896	22	11	in	in	ADP
dem-2896	22	12	the	the	DET
dem-2896	22	13	case	case	NOUN
dem-2896	22	14	of	of	ADP
dem-2896	22	15	the	the	DET
dem-2896	22	16	ceec–3	ceec–3	NOUN
dem-2896	22	17	markets	market	NOUN
dem-2896	22	18	,	,	PUNCT
dem-2896	22	19	as	as	SCONJ
dem-2896	22	20	we	we	PRON
dem-2896	22	21	test	test	VERB
dem-2896	22	22	the	the	DET
dem-2896	22	23	impact	impact	NOUN
dem-2896	22	24	of	of	ADP
dem-2896	22	25	common	common	ADJ
dem-2896	22	26	‘	'	PUNCT
dem-2896	22	27	bad	bad	ADJ
dem-2896	22	28	’	'	PUNCT
dem-2896	22	29	and	and	CCONJ
dem-2896	22	30	‘	'	PUNCT
dem-2896	22	31	good	good	ADJ
dem-2896	22	32	’	'	PUNCT
dem-2896	22	33	news	news	NOUN
dem-2896	22	34	.	.	PUNCT
dem-2896	23	1	we	we	PRON
dem-2896	23	2	compare	compare	VERB
dem-2896	23	3	empirical	empirical	ADJ
dem-2896	23	4	results	result	NOUN
dem-2896	23	5	for	for	ADP
dem-2896	23	6	both	both	CCONJ
dem-2896	23	7	the	the	DET
dem-2896	23	8	whole	whole	ADJ
dem-2896	23	9	sample	sample	NOUN
dem-2896	23	10	from	from	ADP
dem-2896	23	11	jan	jan	PROPN
dem-2896	23	12	3	3	NUM
dem-2896	23	13	,	,	PUNCT
dem-2896	23	14	2007	2007	NUM
dem-2896	23	15	to	to	ADP
dem-2896	23	16	dec	dec	PROPN
dem-2896	23	17	30	30	NUM
dem-2896	23	18	,	,	PUNCT
dem-2896	23	19	2011	2011	NUM
dem-2896	23	20	and	and	CCONJ
dem-2896	23	21	two	two	NUM
dem-2896	23	22	equal	equal	ADJ
dem-2896	23	23	subsamples	subsample	NOUN
dem-2896	23	24	:	:	PUNCT
dem-2896	23	25	feb	feb	PROPN
dem-2896	23	26	12	12	NUM
dem-2896	23	27	,	,	PUNCT
dem-2896	23	28	2007	2007	NUM
dem-2896	23	29	to	to	ADP
dem-2896	23	30	mar	mar	PROPN
dem-2896	23	31	9	9	NUM
dem-2896	23	32	,	,	PUNCT
dem-2896	23	33	2009	2009	NUM
dem-2896	23	34	as	as	ADP
dem-2896	23	35	the	the	DET
dem-2896	23	36	‘	'	PUNCT
dem-2896	23	37	down	down	ADJ
dem-2896	23	38	market	market	NOUN
dem-2896	23	39	’	'	PUNCT
dem-2896	23	40	period	period	NOUN
dem-2896	23	41	and	and	CCONJ
dem-2896	23	42	mar	mar	PROPN
dem-2896	23	43	10	10	NUM
dem-2896	23	44	,	,	PUNCT
dem-2896	23	45	2009	2009	NUM
dem-2896	23	46	to	to	ADP
dem-2896	23	47	mar	mar	PROPN
dem-2896	23	48	10	10	NUM
dem-2896	23	49	,	,	PUNCT
dem-2896	23	50	2011	2011	NUM
dem-2896	23	51	as	as	ADP
dem-2896	23	52	the	the	DET
dem-2896	23	53	‘	'	PUNCT
dem-2896	23	54	up	up	ADP
dem-2896	23	55	market	market	NOUN
dem-2896	23	56	’	'	PUNCT
dem-2896	23	57	period	period	NOUN
dem-2896	23	58	.	.	PUNCT
dem-2896	24	1	we	we	PRON
dem-2896	24	2	observe	observe	VERB
dem-2896	24	3	pronounced	pronounce	VERB
dem-2896	24	4	negative	negative	ADJ
dem-2896	24	5	asymmetry	asymmetry	NOUN
dem-2896	24	6	effects	effect	NOUN
dem-2896	24	7	in	in	ADP
dem-2896	24	8	the	the	DET
dem-2896	24	9	case	case	NOUN
dem-2896	24	10	of	of	ADP
dem-2896	24	11	all	all	DET
dem-2896	24	12	markets	market	NOUN
dem-2896	24	13	,	,	PUNCT
dem-2896	24	14	especially	especially	ADV
dem-2896	24	15	in	in	ADP
dem-2896	24	16	the	the	DET
dem-2896	24	17	‘	'	PUNCT
dem-2896	24	18	down	down	ADP
dem-2896	24	19	market	market	NOUN
dem-2896	24	20	’	'	PUNCT
dem-2896	24	21	period	period	NOUN
dem-2896	24	22	,	,	PUNCT
dem-2896	24	23	which	which	PRON
dem-2896	24	24	is	be	AUX
dem-2896	24	25	closely	closely	ADV
dem-2896	24	26	connected	connect	VERB
dem-2896	24	27	with	with	ADP
dem-2896	24	28	the	the	DET
dem-2896	24	29	2007	2007	NUM
dem-2896	24	30	us	us	PROPN
dem-2896	24	31	subprime	subprime	ADJ
dem-2896	24	32	crisis	crisis	NOUN
dem-2896	24	33	period	period	NOUN
dem-2896	24	34	.	.	PUNCT
dem-2896	25	1	to	to	ADP
dem-2896	25	2	the	the	DET
dem-2896	25	3	best	good	ADJ
dem-2896	25	4	of	of	ADP
dem-2896	25	5	author	author	NOUN
dem-2896	25	6	’s	’s	PART
dem-2896	25	7	knowledge	knowledge	NOUN
dem-2896	25	8	,	,	PUNCT
dem-2896	25	9	no	no	DET
dem-2896	25	10	such	such	ADJ
dem-2896	25	11	comparative	comparative	ADJ
dem-2896	25	12	investigation	investigation	NOUN
dem-2896	25	13	has	have	AUX
dem-2896	25	14	been	be	AUX
dem-2896	25	15	undertaken	undertake	VERB
dem-2896	25	16	for	for	ADP
dem-2896	25	17	the	the	DET
dem-2896	25	18	us	us	PROPN
dem-2896	25	19	and	and	CCONJ
dem-2896	25	20	ceec–3	ceec–3	VERB
dem-2896	25	21	stock	stock	NOUN
dem-2896	25	22	markets	market	NOUN
dem-2896	25	23	.	.	PUNCT
dem-2896	26	1	as	as	SCONJ
dem-2896	26	2	mentioned	mention	VERB
dem-2896	26	3	above	above	ADV
dem-2896	26	4	,	,	PUNCT
dem-2896	26	5	the	the	DET
dem-2896	26	6	impact	impact	NOUN
dem-2896	26	7	of	of	ADP
dem-2896	26	8	‘	'	PUNCT
dem-2896	26	9	bad	bad	ADJ
dem-2896	26	10	’	'	PUNCT
dem-2896	26	11	and	and	CCONJ
dem-2896	26	12	‘	'	PUNCT
dem-2896	26	13	good	good	ADJ
dem-2896	26	14	’	'	PUNCT
dem-2896	26	15	news	news	NOUN
dem-2896	26	16	is	be	AUX
dem-2896	26	17	described	describe	VERB
dem-2896	26	18	in	in	ADP
dem-2896	26	19	terms	term	NOUN
dem-2896	26	20	of	of	ADP
dem-2896	26	21	univariate	univariate	ADJ
dem-2896	26	22	egarch	egarch	NOUN
dem-2896	26	23	models	model	NOUN
dem-2896	26	24	while	while	SCONJ
dem-2896	26	25	e.g.	e.g.	ADV
dem-2896	26	26	büttner	büttner	NOUN
dem-2896	26	27	and	and	CCONJ
dem-2896	26	28	hayo	hayo	PROPN
dem-2896	26	29	(	(	PUNCT
dem-2896	26	30	2012	2012	NUM
dem-2896	26	31	)	)	PUNCT
dem-2896	26	32	advocate	advocate	NOUN
dem-2896	26	33	to	to	PART
dem-2896	26	34	take	take	VERB
dem-2896	26	35	into	into	ADP
dem-2896	26	36	consideration	consideration	NOUN
dem-2896	26	37	‘	'	PUNCT
dem-2896	26	38	actual	actual	ADJ
dem-2896	26	39	news	news	NOUN
dem-2896	26	40	’	'	PUNCT
dem-2896	26	41	in	in	ADP
dem-2896	26	42	economic	economic	ADJ
dem-2896	26	43	sense	sense	NOUN
dem-2896	26	44	(	(	PUNCT
dem-2896	26	45	e.g.	e.g.	ADV
dem-2896	26	46	emu	emu	PROPN
dem-2896	26	47	–	–	PUNCT
dem-2896	26	48	related	relate	VERB
dem-2896	26	49	news	news	NOUN
dem-2896	26	50	,	,	PUNCT
dem-2896	26	51	news	news	NOUN
dem-2896	26	52	from	from	ADP
dem-2896	26	53	the	the	DET
dem-2896	26	54	ecb	ecb	NOUN
dem-2896	26	55	,	,	PUNCT
dem-2896	26	56	and	and	CCONJ
dem-2896	26	57	the	the	DET
dem-2896	26	58	like)2	like)2	NOUN
dem-2896	26	59	.	.	PUNCT
dem-2896	27	1	they	they	PRON
dem-2896	27	2	analyze	analyze	VERB
dem-2896	27	3	the	the	DET
dem-2896	27	4	1	1	NUM
dem-2896	27	5	three	three	NUM
dem-2896	27	6	biggest	big	ADJ
dem-2896	27	7	emerging	emerge	VERB
dem-2896	27	8	central	central	ADJ
dem-2896	27	9	and	and	CCONJ
dem-2896	27	10	eastern	eastern	ADJ
dem-2896	27	11	european	european	ADJ
dem-2896	27	12	countries	country	NOUN
dem-2896	27	13	(	(	PUNCT
dem-2896	27	14	ceec-3	ceec-3	PROPN
dem-2896	27	15	)	)	PUNCT
dem-2896	27	16	,	,	PUNCT
dem-2896	27	17	in	in	ADP
dem-2896	27	18	order	order	NOUN
dem-2896	27	19	of	of	ADP
dem-2896	27	20	largest	large	ADJ
dem-2896	27	21	population	population	NOUN
dem-2896	27	22	size	size	NOUN
dem-2896	27	23	are	be	AUX
dem-2896	27	24	:	:	PUNCT
dem-2896	27	25	poland	poland	PROPN
dem-2896	27	26	,	,	PUNCT
dem-2896	27	27	the	the	DET
dem-2896	27	28	czech	czech	PROPN
dem-2896	27	29	republic	republic	NOUN
dem-2896	27	30	,	,	PUNCT
dem-2896	27	31	and	and	CCONJ
dem-2896	27	32	hungary	hungary	PROPN
dem-2896	27	33	(	(	PUNCT
dem-2896	27	34	büttner	büttner	PROPN
dem-2896	27	35	,	,	PUNCT
dem-2896	27	36	hayo	hayo	PROPN
dem-2896	27	37	,	,	PUNCT
dem-2896	27	38	2012	2012	NUM
dem-2896	27	39	)	)	PUNCT
dem-2896	27	40	.	.	PUNCT
dem-2896	28	1	2	2	NUM
dem-2896	28	2	emu	emu	PROPN
dem-2896	28	3	–	–	PUNCT
dem-2896	28	4	european	european	ADJ
dem-2896	28	5	economic	economic	ADJ
dem-2896	28	6	and	and	CCONJ
dem-2896	28	7	monetary	monetary	ADJ
dem-2896	28	8	union	union	NOUN
dem-2896	28	9	;	;	PUNCT
dem-2896	28	10	ecb	ecb	PROPN
dem-2896	28	11	–	–	PUNCT
dem-2896	28	12	european	european	PROPN
dem-2896	28	13	central	central	PROPN
dem-2896	28	14	bank	bank	PROPN
dem-2896	28	15	.	.	PUNCT
dem-2896	29	1	asymmetric	asymmetric	ADJ
dem-2896	29	2	impact	impact	NOUN
dem-2896	29	3	of	of	ADP
dem-2896	29	4	innovations	innovation	NOUN
dem-2896	29	5	on	on	ADP
dem-2896	29	6	volatility	volatility	NOUN
dem-2896	29	7	…	…	PUNCT
dem-2896	29	8	dynamic	dynamic	ADJ
dem-2896	29	9	econometric	econometric	ADJ
dem-2896	29	10	models	model	NOUN
dem-2896	29	11	13	13	NUM
dem-2896	29	12	(	(	PUNCT
dem-2896	29	13	2013	2013	NUM
dem-2896	29	14	)	)	PUNCT
dem-2896	29	15	33–50	33–50	NUM
dem-2896	29	16	35	35	NUM
dem-2896	29	17	impact	impact	NOUN
dem-2896	29	18	of	of	ADP
dem-2896	29	19	news	news	NOUN
dem-2896	29	20	on	on	ADP
dem-2896	29	21	three	three	NUM
dem-2896	29	22	financial	financial	ADJ
dem-2896	29	23	markets	market	NOUN
dem-2896	29	24	in	in	ADP
dem-2896	29	25	poland	poland	PROPN
dem-2896	29	26	,	,	PUNCT
dem-2896	29	27	the	the	DET
dem-2896	29	28	czech	czech	PROPN
dem-2896	29	29	republic	republic	NOUN
dem-2896	29	30	,	,	PUNCT
dem-2896	29	31	and	and	CCONJ
dem-2896	29	32	hungary	hungary	PROPN
dem-2896	29	33	.	.	PUNCT
dem-2896	30	1	the	the	DET
dem-2896	30	2	remainder	remainder	NOUN
dem-2896	30	3	of	of	ADP
dem-2896	30	4	the	the	DET
dem-2896	30	5	paper	paper	NOUN
dem-2896	30	6	is	be	AUX
dem-2896	30	7	organized	organize	VERB
dem-2896	30	8	as	as	SCONJ
dem-2896	30	9	follows	follow	VERB
dem-2896	30	10	.	.	PUNCT
dem-2896	31	1	section	section	NOUN
dem-2896	31	2	1	1	NUM
dem-2896	31	3	specifies	specifie	NOUN
dem-2896	31	4	a	a	DET
dem-2896	31	5	methodological	methodological	ADJ
dem-2896	31	6	background	background	NOUN
dem-2896	31	7	and	and	CCONJ
dem-2896	31	8	a	a	DET
dem-2896	31	9	brief	brief	ADJ
dem-2896	31	10	literature	literature	NOUN
dem-2896	31	11	review	review	NOUN
dem-2896	31	12	.	.	PUNCT
dem-2896	32	1	first	first	ADV
dem-2896	32	2	,	,	PUNCT
dem-2896	32	3	we	we	PRON
dem-2896	32	4	stress	stress	VERB
dem-2896	32	5	the	the	DET
dem-2896	32	6	validity	validity	NOUN
dem-2896	32	7	of	of	ADP
dem-2896	32	8	the	the	DET
dem-2896	32	9	nonsynchronous	nonsynchronous	ADJ
dem-2896	32	10	trading	trading	NOUN
dem-2896	32	11	problem	problem	NOUN
dem-2896	32	12	.	.	PUNCT
dem-2896	33	1	next	next	ADV
dem-2896	33	2	,	,	PUNCT
dem-2896	33	3	we	we	PRON
dem-2896	33	4	present	present	VERB
dem-2896	33	5	the	the	DET
dem-2896	33	6	motivation	motivation	NOUN
dem-2896	33	7	for	for	ADP
dem-2896	33	8	the	the	DET
dem-2896	33	9	choice	choice	NOUN
dem-2896	33	10	of	of	ADP
dem-2896	33	11	‘	'	PUNCT
dem-2896	33	12	down	down	ADP
dem-2896	33	13	market	market	NOUN
dem-2896	33	14	’	'	PUNCT
dem-2896	33	15	and	and	CCONJ
dem-2896	33	16	‘	'	PUNCT
dem-2896	33	17	up	up	ADP
dem-2896	33	18	market	market	NOUN
dem-2896	33	19	’	'	PUNCT
dem-2896	33	20	subperiods	subperiod	NOUN
dem-2896	33	21	.	.	PUNCT
dem-2896	34	1	a	a	DET
dem-2896	34	2	brief	brief	ADJ
dem-2896	34	3	theoretical	theoretical	ADJ
dem-2896	34	4	framework	framework	NOUN
dem-2896	34	5	concerning	concern	VERB
dem-2896	34	6	the	the	DET
dem-2896	34	7	egarch(p	egarch(p	PROPN
dem-2896	34	8	,	,	PUNCT
dem-2896	34	9	q	q	ADJ
dem-2896	34	10	)	)	PUNCT
dem-2896	34	11	models	model	NOUN
dem-2896	34	12	is	be	AUX
dem-2896	34	13	also	also	ADV
dem-2896	34	14	presented	present	VERB
dem-2896	34	15	.	.	PUNCT
dem-2896	35	1	in	in	ADP
dem-2896	35	2	section	section	NOUN
dem-2896	35	3	2	2	NUM
dem-2896	35	4	,	,	PUNCT
dem-2896	35	5	we	we	PRON
dem-2896	35	6	present	present	VERB
dem-2896	35	7	the	the	DET
dem-2896	35	8	data	datum	NOUN
dem-2896	35	9	and	and	CCONJ
dem-2896	35	10	an	an	DET
dem-2896	35	11	empirical	empirical	ADJ
dem-2896	35	12	analysis	analysis	NOUN
dem-2896	35	13	of	of	ADP
dem-2896	35	14	the	the	DET
dem-2896	35	15	asymmetric	asymmetric	ADJ
dem-2896	35	16	impact	impact	NOUN
dem-2896	35	17	of	of	ADP
dem-2896	35	18	innovations	innovation	NOUN
dem-2896	35	19	on	on	ADP
dem-2896	35	20	volatility	volatility	NOUN
dem-2896	35	21	in	in	ADP
dem-2896	35	22	the	the	DET
dem-2896	35	23	case	case	NOUN
dem-2896	35	24	of	of	ADP
dem-2896	35	25	the	the	DET
dem-2896	35	26	us	us	PROPN
dem-2896	35	27	developed	develop	VERB
dem-2896	35	28	stock	stock	NOUN
dem-2896	35	29	market	market	NOUN
dem-2896	35	30	(	(	PUNCT
dem-2896	35	31	as	as	ADP
dem-2896	35	32	a	a	DET
dem-2896	35	33	benchmark	benchmark	NOUN
dem-2896	35	34	market	market	NOUN
dem-2896	35	35	)	)	PUNCT
dem-2896	35	36	and	and	CCONJ
dem-2896	35	37	the	the	DET
dem-2896	35	38	three	three	NUM
dem-2896	35	39	biggest	big	ADJ
dem-2896	35	40	emerging	emerge	VERB
dem-2896	35	41	ceec–3	ceec–3	NOUN
dem-2896	35	42	markets	market	NOUN
dem-2896	35	43	.	.	PUNCT
dem-2896	36	1	then	then	ADV
dem-2896	36	2	we	we	PRON
dem-2896	36	3	discuss	discuss	VERB
dem-2896	36	4	the	the	DET
dem-2896	36	5	results	result	NOUN
dem-2896	36	6	obtained	obtain	VERB
dem-2896	36	7	.	.	PUNCT
dem-2896	37	1	conclusion	conclusion	NOUN
dem-2896	37	2	recalls	recall	VERB
dem-2896	37	3	the	the	DET
dem-2896	37	4	main	main	ADJ
dem-2896	37	5	findings	finding	NOUN
dem-2896	37	6	and	and	CCONJ
dem-2896	37	7	sums	sum	VERB
dem-2896	37	8	them	they	PRON
dem-2896	37	9	up	up	ADP
dem-2896	37	10	.	.	PUNCT
dem-2896	38	1	1	1	X
dem-2896	38	2	.	.	X
dem-2896	38	3	methodological	methodological	ADJ
dem-2896	38	4	background	background	NOUN
dem-2896	38	5	1.1	1.1	NUM
dem-2896	38	6	.	.	PUNCT
dem-2896	39	1	the	the	DET
dem-2896	39	2	non	non	ADJ
dem-2896	39	3	-	-	ADJ
dem-2896	39	4	trading	trading	ADJ
dem-2896	39	5	problem	problem	NOUN
dem-2896	39	6	some	some	DET
dem-2896	39	7	studies	study	NOUN
dem-2896	39	8	distinguish	distinguish	VERB
dem-2896	39	9	between	between	ADP
dem-2896	39	10	two	two	NUM
dem-2896	39	11	nonsynchronous	nonsynchronous	ADJ
dem-2896	39	12	trading	trading	NOUN
dem-2896	39	13	effect	effect	NOUN
dem-2896	39	14	problems	problem	NOUN
dem-2896	39	15	.	.	PUNCT
dem-2896	40	1	the	the	DET
dem-2896	40	2	first	first	ADJ
dem-2896	40	3	problem	problem	NOUN
dem-2896	40	4	,	,	PUNCT
dem-2896	40	5	called	call	VERB
dem-2896	40	6	‘	'	PUNCT
dem-2896	40	7	nonsynchronous	nonsynchronous	ADJ
dem-2896	40	8	trading	trading	NOUN
dem-2896	40	9	effect	effect	NOUN
dem-2896	40	10	i	i	PRON
dem-2896	40	11	’	'	PUNCT
dem-2896	40	12	,	,	PUNCT
dem-2896	40	13	occurs	occur	VERB
dem-2896	40	14	when	when	SCONJ
dem-2896	40	15	we	we	PRON
dem-2896	40	16	analyze	analyze	VERB
dem-2896	40	17	one	one	NUM
dem-2896	40	18	selected	select	VERB
dem-2896	40	19	domestic	domestic	ADJ
dem-2896	40	20	stock	stock	NOUN
dem-2896	40	21	market	market	NOUN
dem-2896	40	22	.	.	PUNCT
dem-2896	41	1	stock	stock	NOUN
dem-2896	41	2	tradings	trading	NOUN
dem-2896	41	3	do	do	AUX
dem-2896	41	4	not	not	PART
dem-2896	41	5	occur	occur	VERB
dem-2896	41	6	in	in	ADP
dem-2896	41	7	a	a	DET
dem-2896	41	8	synchronous	synchronous	ADJ
dem-2896	41	9	manner	manner	NOUN
dem-2896	41	10	.	.	PUNCT
dem-2896	42	1	different	different	ADJ
dem-2896	42	2	stocks	stock	NOUN
dem-2896	42	3	have	have	VERB
dem-2896	42	4	different	different	ADJ
dem-2896	42	5	trading	trading	NOUN
dem-2896	42	6	frequencies	frequency	NOUN
dem-2896	42	7	,	,	PUNCT
dem-2896	42	8	and	and	CCONJ
dem-2896	42	9	even	even	ADV
dem-2896	42	10	for	for	ADP
dem-2896	42	11	a	a	DET
dem-2896	42	12	single	single	ADJ
dem-2896	42	13	stock	stock	NOUN
dem-2896	42	14	the	the	DET
dem-2896	42	15	trading	trading	NOUN
dem-2896	42	16	intensity	intensity	NOUN
dem-2896	42	17	varies	vary	VERB
dem-2896	42	18	from	from	ADP
dem-2896	42	19	hour	hour	NOUN
dem-2896	42	20	to	to	ADP
dem-2896	42	21	hour	hour	NOUN
dem-2896	42	22	and	and	CCONJ
dem-2896	42	23	from	from	ADP
dem-2896	42	24	day	day	NOUN
dem-2896	42	25	to	to	ADP
dem-2896	42	26	day	day	NOUN
dem-2896	42	27	.	.	PUNCT
dem-2896	43	1	the	the	DET
dem-2896	43	2	actual	actual	ADJ
dem-2896	43	3	time	time	NOUN
dem-2896	43	4	of	of	ADP
dem-2896	43	5	last	last	ADJ
dem-2896	43	6	transaction	transaction	NOUN
dem-2896	43	7	of	of	ADP
dem-2896	43	8	the	the	DET
dem-2896	43	9	stock	stock	NOUN
dem-2896	43	10	varies	vary	VERB
dem-2896	43	11	from	from	ADP
dem-2896	43	12	day	day	NOUN
dem-2896	43	13	to	to	ADP
dem-2896	43	14	day	day	NOUN
dem-2896	43	15	.	.	PUNCT
dem-2896	44	1	as	as	ADP
dem-2896	44	2	such	such	ADJ
dem-2896	44	3	we	we	PRON
dem-2896	44	4	incorrectly	incorrectly	ADV
dem-2896	44	5	assume	assume	VERB
dem-2896	44	6	daily	daily	ADJ
dem-2896	44	7	returns	return	NOUN
dem-2896	44	8	as	as	ADP
dem-2896	44	9	an	an	DET
dem-2896	44	10	equally	equally	ADV
dem-2896	44	11	spaced	space	VERB
dem-2896	44	12	time	time	NOUN
dem-2896	44	13	series	series	NOUN
dem-2896	44	14	with	with	ADP
dem-2896	44	15	a	a	DET
dem-2896	44	16	24	24	NUM
dem-2896	44	17	-	-	PUNCT
dem-2896	44	18	hour	hour	NOUN
dem-2896	44	19	interval	interval	NOUN
dem-2896	44	20	(	(	PUNCT
dem-2896	44	21	tsay	tsay	PROPN
dem-2896	44	22	,	,	PUNCT
dem-2896	44	23	2010	2010	NUM
dem-2896	44	24	,	,	PUNCT
dem-2896	44	25	p.	p.	NOUN
dem-2896	44	26	232	232	NUM
dem-2896	44	27	)	)	PUNCT
dem-2896	44	28	.	.	PUNCT
dem-2896	45	1	the	the	DET
dem-2896	45	2	non	non	ADJ
dem-2896	45	3	–	–	PUNCT
dem-2896	45	4	trading	trading	ADJ
dem-2896	45	5	effect	effect	NOUN
dem-2896	45	6	induces	induce	VERB
dem-2896	45	7	potentially	potentially	ADV
dem-2896	45	8	serious	serious	ADJ
dem-2896	45	9	biases	bias	NOUN
dem-2896	45	10	in	in	ADP
dem-2896	45	11	the	the	DET
dem-2896	45	12	moments	moment	NOUN
dem-2896	45	13	and	and	CCONJ
dem-2896	45	14	comoments	comoment	NOUN
dem-2896	45	15	of	of	ADP
dem-2896	45	16	asset	asset	NOUN
dem-2896	45	17	returns	return	NOUN
dem-2896	45	18	such	such	ADJ
dem-2896	45	19	as	as	ADP
dem-2896	45	20	their	their	PRON
dem-2896	45	21	means	mean	NOUN
dem-2896	45	22	,	,	PUNCT
dem-2896	45	23	variances	variance	NOUN
dem-2896	45	24	,	,	PUNCT
dem-2896	45	25	covariances	covariance	NOUN
dem-2896	45	26	,	,	PUNCT
dem-2896	45	27	betas	beta	NOUN
dem-2896	45	28	,	,	PUNCT
dem-2896	45	29	and	and	CCONJ
dem-2896	45	30	autocorrelation	autocorrelation	NOUN
dem-2896	45	31	and	and	CCONJ
dem-2896	45	32	cross	cross	ADJ
dem-2896	45	33	-	-	NOUN
dem-2896	45	34	autocorrelation	autocorrelation	ADJ
dem-2896	45	35	coefficients	coefficient	NOUN
dem-2896	45	36	(	(	PUNCT
dem-2896	45	37	e.g.	e.g.	ADV
dem-2896	45	38	campbell	campbell	PROPN
dem-2896	45	39	et	et	PROPN
dem-2896	45	40	al	al	PROPN
dem-2896	45	41	.	.	PROPN
dem-2896	45	42	,	,	PUNCT
dem-2896	45	43	1997	1997	NUM
dem-2896	45	44	;	;	PUNCT
dem-2896	45	45	doman	doman	PROPN
dem-2896	45	46	,	,	PUNCT
dem-2896	45	47	2011	2011	NUM
dem-2896	45	48	)	)	PUNCT
dem-2896	45	49	.	.	PUNCT
dem-2896	46	1	the	the	DET
dem-2896	46	2	second	second	ADJ
dem-2896	46	3	and	and	CCONJ
dem-2896	46	4	potentially	potentially	ADV
dem-2896	46	5	serious	serious	ADJ
dem-2896	46	6	problem	problem	NOUN
dem-2896	46	7	,	,	PUNCT
dem-2896	46	8	called	call	VERB
dem-2896	46	9	‘	'	PUNCT
dem-2896	46	10	nonsynchronous	nonsynchronous	ADJ
dem-2896	46	11	trading	trading	NOUN
dem-2896	46	12	effect	effect	NOUN
dem-2896	46	13	ii	ii	PROPN
dem-2896	46	14	’	'	PUNCT
dem-2896	46	15	,	,	PUNCT
dem-2896	46	16	occurs	occur	VERB
dem-2896	46	17	when	when	SCONJ
dem-2896	46	18	we	we	PRON
dem-2896	46	19	examine	examine	VERB
dem-2896	46	20	the	the	DET
dem-2896	46	21	relations	relation	NOUN
dem-2896	46	22	between	between	ADP
dem-2896	46	23	stock	stock	NOUN
dem-2896	46	24	markets	market	NOUN
dem-2896	46	25	in	in	ADP
dem-2896	46	26	various	various	ADJ
dem-2896	46	27	countries	country	NOUN
dem-2896	46	28	.	.	PUNCT
dem-2896	47	1	the	the	DET
dem-2896	47	2	national	national	ADJ
dem-2896	47	3	stock	stock	NOUN
dem-2896	47	4	markets	market	NOUN
dem-2896	47	5	are	be	AUX
dem-2896	47	6	operating	operate	VERB
dem-2896	47	7	in	in	ADP
dem-2896	47	8	diverse	diverse	ADJ
dem-2896	47	9	time	time	NOUN
dem-2896	47	10	zones	zone	NOUN
dem-2896	47	11	with	with	ADP
dem-2896	47	12	different	different	ADJ
dem-2896	47	13	opening	opening	NOUN
dem-2896	47	14	and	and	CCONJ
dem-2896	47	15	closing	closing	NOUN
dem-2896	47	16	times	time	NOUN
dem-2896	47	17	,	,	PUNCT
dem-2896	47	18	thereby	thereby	ADV
dem-2896	47	19	making	make	VERB
dem-2896	47	20	return	return	NOUN
dem-2896	47	21	observations	observation	NOUN
dem-2896	47	22	nonsynchronous	nonsynchronous	ADJ
dem-2896	47	23	(	(	PUNCT
dem-2896	47	24	eun	eun	NOUN
dem-2896	47	25	,	,	PUNCT
dem-2896	47	26	shim	shim	NOUN
dem-2896	47	27	,	,	PUNCT
dem-2896	47	28	1989	1989	NUM
dem-2896	47	29	)	)	PUNCT
dem-2896	47	30	.	.	PUNCT
dem-2896	48	1	these	these	DET
dem-2896	48	2	differences	difference	NOUN
dem-2896	48	3	arise	arise	VERB
dem-2896	48	4	naturally	naturally	ADV
dem-2896	48	5	from	from	ADP
dem-2896	48	6	the	the	DET
dem-2896	48	7	fact	fact	NOUN
dem-2896	48	8	that	that	SCONJ
dem-2896	48	9	trading	trading	NOUN
dem-2896	48	10	days	day	NOUN
dem-2896	48	11	in	in	ADP
dem-2896	48	12	different	different	ADJ
dem-2896	48	13	countries	country	NOUN
dem-2896	48	14	are	be	AUX
dem-2896	48	15	subject	subject	ADJ
dem-2896	48	16	to	to	ADP
dem-2896	48	17	different	different	ADJ
dem-2896	48	18	national	national	ADJ
dem-2896	48	19	and	and	CCONJ
dem-2896	48	20	religious	religious	ADJ
dem-2896	48	21	holidays	holiday	NOUN
dem-2896	48	22	,	,	PUNCT
dem-2896	48	23	unexpected	unexpected	ADJ
dem-2896	48	24	events	event	NOUN
dem-2896	48	25	,	,	PUNCT
dem-2896	48	26	and	and	CCONJ
dem-2896	48	27	so	so	ADV
dem-2896	48	28	forth	forth	ADV
dem-2896	48	29	(	(	PUNCT
dem-2896	48	30	baumöhl	baumöhl	ADJ
dem-2896	48	31	,	,	PUNCT
dem-2896	48	32	výrost	výrost	ADJ
dem-2896	48	33	,	,	PUNCT
dem-2896	48	34	2010	2010	NUM
dem-2896	48	35	)	)	PUNCT
dem-2896	48	36	.	.	PUNCT
dem-2896	49	1	this	this	DET
dem-2896	49	2	paper	paper	NOUN
dem-2896	49	3	investigates	investigate	VERB
dem-2896	49	4	the	the	DET
dem-2896	49	5	asymmetric	asymmetric	ADJ
dem-2896	49	6	impact	impact	NOUN
dem-2896	49	7	of	of	ADP
dem-2896	49	8	innovations	innovation	NOUN
dem-2896	49	9	on	on	ADP
dem-2896	49	10	volatility	volatility	NOUN
dem-2896	49	11	in	in	ADP
dem-2896	49	12	the	the	DET
dem-2896	49	13	case	case	NOUN
dem-2896	49	14	of	of	ADP
dem-2896	49	15	the	the	DET
dem-2896	49	16	three	three	NUM
dem-2896	49	17	biggest	big	ADJ
dem-2896	49	18	emerging	emerge	VERB
dem-2896	49	19	ceec–3	ceec–3	NOUN
dem-2896	49	20	stock	stock	NOUN
dem-2896	49	21	markets	market	NOUN
dem-2896	49	22	,	,	PUNCT
dem-2896	49	23	and	and	CCONJ
dem-2896	49	24	(	(	PUNCT
dem-2896	49	25	for	for	ADP
dem-2896	49	26	comparison	comparison	NOUN
dem-2896	49	27	)	)	PUNCT
dem-2896	49	28	for	for	ADP
dem-2896	49	29	the	the	DET
dem-2896	49	30	us	us	PROPN
dem-2896	49	31	market	market	NOUN
dem-2896	49	32	.	.	PUNCT
dem-2896	50	1	for	for	ADP
dem-2896	50	2	this	this	DET
dem-2896	50	3	reason	reason	NOUN
dem-2896	50	4	,	,	PUNCT
dem-2896	50	5	we	we	PRON
dem-2896	50	6	have	have	VERB
dem-2896	50	7	to	to	PART
dem-2896	50	8	deal	deal	VERB
dem-2896	50	9	with	with	ADP
dem-2896	50	10	the	the	DET
dem-2896	50	11	‘	'	PUNCT
dem-2896	50	12	nonsynchronous	nonsynchronous	ADJ
dem-2896	50	13	trading	trading	NOUN
dem-2896	50	14	effect	effect	NOUN
dem-2896	50	15	ii	ii	PROPN
dem-2896	50	16	’	'	PUNCT
dem-2896	50	17	.	.	PUNCT
dem-2896	51	1	many	many	ADJ
dem-2896	51	2	studies	study	NOUN
dem-2896	51	3	attempted	attempt	VERB
dem-2896	51	4	various	various	ADJ
dem-2896	51	5	methods	method	NOUN
dem-2896	51	6	joanna	joanna	PROPN
dem-2896	51	7	olbryś	olbryś	PROPN
dem-2896	51	8	dynamic	dynamic	ADJ
dem-2896	51	9	econometric	econometric	ADJ
dem-2896	51	10	models	model	NOUN
dem-2896	51	11	13	13	NUM
dem-2896	51	12	(	(	PUNCT
dem-2896	51	13	2013	2013	NUM
dem-2896	51	14	)	)	PUNCT
dem-2896	51	15	33–50	33–50	NUM
dem-2896	51	16	36	36	NUM
dem-2896	51	17	to	to	PART
dem-2896	51	18	deal	deal	VERB
dem-2896	51	19	with	with	ADP
dem-2896	51	20	the	the	DET
dem-2896	51	21	‘	'	PUNCT
dem-2896	51	22	nonsynchronous	nonsynchronous	ADJ
dem-2896	51	23	trading	trading	NOUN
dem-2896	51	24	effect	effect	NOUN
dem-2896	51	25	ii	ii	PROPN
dem-2896	51	26	’	'	PUNCT
dem-2896	51	27	.	.	PUNCT
dem-2896	52	1	some	some	DET
dem-2896	52	2	researchers	researcher	NOUN
dem-2896	52	3	use	use	VERB
dem-2896	52	4	weekly	weekly	ADJ
dem-2896	52	5	or	or	CCONJ
dem-2896	52	6	monthly	monthly	ADJ
dem-2896	52	7	data	datum	NOUN
dem-2896	52	8	to	to	PART
dem-2896	52	9	avoid	avoid	VERB
dem-2896	52	10	the	the	DET
dem-2896	52	11	non	non	ADJ
dem-2896	52	12	–	–	NOUN
dem-2896	52	13	trading	trading	NOUN
dem-2896	52	14	problem	problem	NOUN
dem-2896	52	15	.	.	PUNCT
dem-2896	53	1	such	such	ADJ
dem-2896	53	2	solutions	solution	NOUN
dem-2896	53	3	,	,	PUNCT
dem-2896	53	4	however	however	ADV
dem-2896	53	5	,	,	PUNCT
dem-2896	53	6	may	may	AUX
dem-2896	53	7	lead	lead	VERB
dem-2896	53	8	to	to	ADP
dem-2896	53	9	small	small	ADJ
dem-2896	53	10	sample	sample	NOUN
dem-2896	53	11	sizes	size	NOUN
dem-2896	53	12	and	and	CCONJ
dem-2896	53	13	can	can	AUX
dem-2896	53	14	not	not	PART
dem-2896	53	15	capture	capture	VERB
dem-2896	53	16	the	the	DET
dem-2896	53	17	information	information	NOUN
dem-2896	53	18	transmission	transmission	NOUN
dem-2896	53	19	in	in	ADP
dem-2896	53	20	shorter	short	ADJ
dem-2896	53	21	(	(	PUNCT
dem-2896	53	22	daily	daily	ADJ
dem-2896	53	23	)	)	PUNCT
dem-2896	53	24	timeframes	timeframe	NOUN
dem-2896	53	25	(	(	PUNCT
dem-2896	53	26	baumöhl	baumöhl	ADJ
dem-2896	53	27	,	,	PUNCT
dem-2896	53	28	výrost	výrost	ADJ
dem-2896	53	29	,	,	PUNCT
dem-2896	53	30	2010	2010	NUM
dem-2896	53	31	)	)	PUNCT
dem-2896	53	32	.	.	PUNCT
dem-2896	54	1	other	other	ADJ
dem-2896	54	2	papers	paper	NOUN
dem-2896	54	3	present	present	VERB
dem-2896	54	4	various	various	ADJ
dem-2896	54	5	daily	daily	ADJ
dem-2896	54	6	data	datum	NOUN
dem-2896	54	7	–	–	PUNCT
dem-2896	54	8	matching	matching	NOUN
dem-2896	54	9	procedures	procedure	NOUN
dem-2896	54	10	.	.	PUNCT
dem-2896	55	1	for	for	ADP
dem-2896	55	2	example	example	NOUN
dem-2896	55	3	,	,	PUNCT
dem-2896	55	4	hamao	hamao	PROPN
dem-2896	55	5	et	et	PROPN
dem-2896	55	6	al	al	PROPN
dem-2896	55	7	.	.	PROPN
dem-2896	56	1	(	(	PUNCT
dem-2896	56	2	1990	1990	NUM
dem-2896	56	3	)	)	PUNCT
dem-2896	56	4	divide	divide	VERB
dem-2896	56	5	daily	daily	ADV
dem-2896	56	6	close	close	ADJ
dem-2896	56	7	–	–	PUNCT
dem-2896	56	8	to	to	PART
dem-2896	56	9	–	–	PUNCT
dem-2896	56	10	close	close	VERB
dem-2896	56	11	returns	return	NOUN
dem-2896	56	12	into	into	ADP
dem-2896	56	13	their	their	PRON
dem-2896	56	14	close	close	ADJ
dem-2896	56	15	–	–	PUNCT
dem-2896	56	16	to	to	PART
dem-2896	56	17	–	–	PUNCT
dem-2896	56	18	open	open	ADJ
dem-2896	56	19	and	and	CCONJ
dem-2896	56	20	open	open	ADJ
dem-2896	56	21	–	–	PUNCT
dem-2896	56	22	to	to	PART
dem-2896	56	23	–	–	PUNCT
dem-2896	56	24	close	close	ADJ
dem-2896	56	25	components	component	NOUN
dem-2896	56	26	.	.	PUNCT
dem-2896	57	1	to	to	PART
dem-2896	57	2	examine	examine	VERB
dem-2896	57	3	how	how	SCONJ
dem-2896	57	4	a	a	DET
dem-2896	57	5	nonsynchronous	nonsynchronous	ADJ
dem-2896	57	6	problem	problem	NOUN
dem-2896	57	7	would	would	AUX
dem-2896	57	8	affect	affect	VERB
dem-2896	57	9	the	the	DET
dem-2896	57	10	relationships	relationship	NOUN
dem-2896	57	11	between	between	ADP
dem-2896	57	12	selected	select	VERB
dem-2896	57	13	markets	market	NOUN
dem-2896	57	14	,	,	PUNCT
dem-2896	57	15	some	some	DET
dem-2896	57	16	researchers	researcher	NOUN
dem-2896	57	17	estimate	estimate	VERB
dem-2896	57	18	suitable	suitable	ADJ
dem-2896	57	19	garch	garch	NOUN
dem-2896	57	20	–	–	PUNCT
dem-2896	57	21	type	type	NOUN
dem-2896	57	22	models	model	NOUN
dem-2896	57	23	(	(	PUNCT
dem-2896	57	24	e.g.	e.g.	ADV
dem-2896	57	25	multivariate	multivariate	NOUN
dem-2896	57	26	egarch	egarch	NOUN
dem-2896	57	27	models	model	NOUN
dem-2896	57	28	)	)	PUNCT
dem-2896	57	29	based	base	VERB
dem-2896	57	30	on	on	ADP
dem-2896	57	31	the	the	DET
dem-2896	57	32	open	open	ADJ
dem-2896	57	33	–	–	PUNCT
dem-2896	57	34	to	to	PART
dem-2896	57	35	–	–	PUNCT
dem-2896	57	36	close	close	ADJ
dem-2896	57	37	returns	return	NOUN
dem-2896	57	38	(	(	PUNCT
dem-2896	57	39	cf	cf	NOUN
dem-2896	57	40	.	.	PUNCT
dem-2896	58	1	koutmos	koutmos	PROPN
dem-2896	58	2	,	,	PUNCT
dem-2896	58	3	booth	booth	NOUN
dem-2896	58	4	,	,	PUNCT
dem-2896	58	5	1995	1995	NUM
dem-2896	58	6	;	;	PUNCT
dem-2896	58	7	tse	tse	PROPN
dem-2896	58	8	et	et	PROPN
dem-2896	58	9	al	al	PROPN
dem-2896	58	10	.	.	PROPN
dem-2896	58	11	,	,	PUNCT
dem-2896	58	12	2003	2003	NUM
dem-2896	58	13	;	;	PUNCT
dem-2896	58	14	olbrys	olbry	NOUN
dem-2896	58	15	,	,	PUNCT
dem-2896	58	16	2013	2013	NUM
dem-2896	58	17	)	)	PUNCT
dem-2896	58	18	.	.	PUNCT
dem-2896	59	1	syriopoulos	syriopoulos	PROPN
dem-2896	59	2	(	(	PUNCT
dem-2896	59	3	2007	2007	NUM
dem-2896	59	4	,	,	PUNCT
dem-2896	59	5	p.	p.	NOUN
dem-2896	59	6	46	46	NUM
dem-2896	59	7	)	)	PUNCT
dem-2896	59	8	says	say	VERB
dem-2896	59	9	:	:	PUNCT
dem-2896	59	10	‘	'	PUNCT
dem-2896	59	11	(	(	PUNCT
dem-2896	59	12	…	…	PUNCT
dem-2896	59	13	)	)	PUNCT
dem-2896	59	14	it	it	PRON
dem-2896	59	15	would	would	AUX
dem-2896	59	16	have	have	AUX
dem-2896	59	17	been	be	AUX
dem-2896	59	18	ideal	ideal	ADJ
dem-2896	59	19	to	to	PART
dem-2896	59	20	use	use	VERB
dem-2896	59	21	both	both	CCONJ
dem-2896	59	22	the	the	DET
dem-2896	59	23	open	open	ADJ
dem-2896	59	24	and	and	CCONJ
dem-2896	59	25	close	close	ADJ
dem-2896	59	26	stock	stock	NOUN
dem-2896	59	27	market	market	NOUN
dem-2896	59	28	prices	price	NOUN
dem-2896	59	29	,	,	PUNCT
dem-2896	59	30	in	in	ADP
dem-2896	59	31	order	order	NOUN
dem-2896	59	32	to	to	PART
dem-2896	59	33	reduce	reduce	VERB
dem-2896	59	34	potential	potential	ADJ
dem-2896	59	35	non	non	ADJ
dem-2896	59	36	–	–	ADJ
dem-2896	59	37	synchronous	synchronous	ADJ
dem-2896	59	38	trading	trading	NOUN
dem-2896	59	39	bias	bias	NOUN
dem-2896	59	40	between	between	ADP
dem-2896	59	41	the	the	DET
dem-2896	59	42	us	us	PROPN
dem-2896	59	43	and	and	CCONJ
dem-2896	59	44	the	the	DET
dem-2896	59	45	european	european	ADJ
dem-2896	59	46	stock	stock	NOUN
dem-2896	59	47	markets	market	NOUN
dem-2896	59	48	.	.	PUNCT
dem-2896	59	49	’	'	PUNCT
dem-2896	60	1	in	in	ADP
dem-2896	60	2	many	many	ADJ
dem-2896	60	3	studies	study	NOUN
dem-2896	60	4	the	the	DET
dem-2896	60	5	following	follow	VERB
dem-2896	60	6	approach	approach	NOUN
dem-2896	60	7	,	,	PUNCT
dem-2896	60	8	also	also	ADV
dem-2896	60	9	called	call	VERB
dem-2896	60	10	a	a	DET
dem-2896	60	11	‘	'	PUNCT
dem-2896	60	12	common	common	ADJ
dem-2896	60	13	trading	trading	NOUN
dem-2896	60	14	window	window	NOUN
dem-2896	60	15	’	'	PUNCT
dem-2896	60	16	,	,	PUNCT
dem-2896	60	17	is	be	AUX
dem-2896	60	18	very	very	ADV
dem-2896	60	19	popular	popular	ADJ
dem-2896	60	20	:	:	PUNCT
dem-2896	60	21	the	the	DET
dem-2896	60	22	data	datum	NOUN
dem-2896	60	23	are	be	AUX
dem-2896	60	24	collected	collect	VERB
dem-2896	60	25	for	for	ADP
dem-2896	60	26	the	the	DET
dem-2896	60	27	same	same	ADJ
dem-2896	60	28	dates	date	NOUN
dem-2896	60	29	across	across	ADP
dem-2896	60	30	the	the	DET
dem-2896	60	31	stock	stock	NOUN
dem-2896	60	32	markets	market	NOUN
dem-2896	60	33	,	,	PUNCT
dem-2896	60	34	removing	remove	VERB
dem-2896	60	35	the	the	DET
dem-2896	60	36	data	datum	NOUN
dem-2896	60	37	for	for	ADP
dem-2896	60	38	those	those	DET
dem-2896	60	39	dates	date	NOUN
dem-2896	60	40	when	when	SCONJ
dem-2896	60	41	any	any	DET
dem-2896	60	42	series	series	NOUN
dem-2896	60	43	has	have	VERB
dem-2896	60	44	a	a	DET
dem-2896	60	45	missing	miss	VERB
dem-2896	60	46	value	value	NOUN
dem-2896	60	47	due	due	ADP
dem-2896	60	48	to	to	ADP
dem-2896	60	49	no	no	DET
dem-2896	60	50	trading	trading	NOUN
dem-2896	60	51	(	(	PUNCT
dem-2896	60	52	e.g.	e.g.	ADV
dem-2896	60	53	eun	eun	NOUN
dem-2896	60	54	,	,	PUNCT
dem-2896	60	55	shim	shim	NOUN
dem-2896	60	56	,	,	PUNCT
dem-2896	60	57	1989	1989	NUM
dem-2896	60	58	;	;	PUNCT
dem-2896	60	59	booth	booth	NOUN
dem-2896	60	60	et	et	PROPN
dem-2896	60	61	al	al	PROPN
dem-2896	60	62	.	.	PROPN
dem-2896	60	63	,	,	PUNCT
dem-2896	60	64	1997	1997	NUM
dem-2896	60	65	;	;	PUNCT
dem-2896	60	66	olbrys	olbry	NOUN
dem-2896	60	67	,	,	PUNCT
dem-2896	60	68	2013	2013	NUM
dem-2896	60	69	)	)	PUNCT
dem-2896	60	70	.	.	PUNCT
dem-2896	61	1	1.2	1.2	NUM
dem-2896	61	2	.	.	PUNCT
dem-2896	61	3	motivation	motivation	NOUN
dem-2896	61	4	for	for	ADP
dem-2896	61	5	the	the	DET
dem-2896	61	6	choice	choice	NOUN
dem-2896	61	7	of	of	ADP
dem-2896	61	8	subperiods	subperiod	NOUN
dem-2896	61	9	in	in	ADP
dem-2896	61	10	our	our	PRON
dem-2896	61	11	research	research	NOUN
dem-2896	61	12	,	,	PUNCT
dem-2896	61	13	we	we	PRON
dem-2896	61	14	compare	compare	VERB
dem-2896	61	15	empirical	empirical	ADJ
dem-2896	61	16	results	result	NOUN
dem-2896	61	17	of	of	ADP
dem-2896	61	18	asymmetric	asymmetric	ADJ
dem-2896	61	19	effects	effect	NOUN
dem-2896	61	20	of	of	ADP
dem-2896	61	21	innovations	innovation	NOUN
dem-2896	61	22	on	on	ADP
dem-2896	61	23	volatility	volatility	NOUN
dem-2896	61	24	in	in	ADP
dem-2896	61	25	the	the	DET
dem-2896	61	26	case	case	NOUN
dem-2896	61	27	of	of	ADP
dem-2896	61	28	the	the	DET
dem-2896	61	29	us	us	PROPN
dem-2896	61	30	and	and	CCONJ
dem-2896	61	31	ceec–3	ceec–3	NOUN
dem-2896	61	32	markets	market	NOUN
dem-2896	61	33	for	for	ADP
dem-2896	61	34	both	both	CCONJ
dem-2896	61	35	the	the	DET
dem-2896	61	36	whole	whole	ADJ
dem-2896	61	37	sample	sample	NOUN
dem-2896	61	38	from	from	ADP
dem-2896	61	39	jan	jan	PROPN
dem-2896	61	40	3	3	NUM
dem-2896	61	41	,	,	PUNCT
dem-2896	61	42	2007	2007	NUM
dem-2896	61	43	to	to	ADP
dem-2896	61	44	dec	dec	PROPN
dem-2896	61	45	30	30	NUM
dem-2896	61	46	,	,	PUNCT
dem-2896	61	47	2011	2011	NUM
dem-2896	61	48	and	and	CCONJ
dem-2896	61	49	two	two	NUM
dem-2896	61	50	equal	equal	ADJ
dem-2896	61	51	subsamples	subsample	NOUN
dem-2896	61	52	:	:	PUNCT
dem-2896	61	53	feb	feb	PROPN
dem-2896	61	54	27	27	NUM
dem-2896	61	55	,	,	PUNCT
dem-2896	61	56	2007	2007	NUM
dem-2896	61	57	to	to	ADP
dem-2896	61	58	mar	mar	PROPN
dem-2896	61	59	9	9	NUM
dem-2896	61	60	,	,	PUNCT
dem-2896	61	61	2009	2009	NUM
dem-2896	61	62	as	as	ADP
dem-2896	61	63	the	the	DET
dem-2896	61	64	‘	'	PUNCT
dem-2896	61	65	down	down	ADJ
dem-2896	61	66	market	market	NOUN
dem-2896	61	67	’	'	PUNCT
dem-2896	61	68	period	period	NOUN
dem-2896	61	69	and	and	CCONJ
dem-2896	61	70	mar	mar	PROPN
dem-2896	61	71	10	10	NUM
dem-2896	61	72	,	,	PUNCT
dem-2896	61	73	2009	2009	NUM
dem-2896	61	74	to	to	ADP
dem-2896	61	75	mar	mar	PROPN
dem-2896	61	76	10	10	NUM
dem-2896	61	77	,	,	PUNCT
dem-2896	61	78	2011	2011	NUM
dem-2896	61	79	as	as	ADP
dem-2896	61	80	the	the	DET
dem-2896	61	81	‘	'	PUNCT
dem-2896	61	82	up	up	ADP
dem-2896	61	83	market	market	NOUN
dem-2896	61	84	’	'	PUNCT
dem-2896	61	85	period	period	NOUN
dem-2896	61	86	(	(	PUNCT
dem-2896	61	87	each	each	PRON
dem-2896	61	88	consists	consist	VERB
dem-2896	61	89	of	of	ADP
dem-2896	61	90	476	476	NUM
dem-2896	61	91	observations	observation	NOUN
dem-2896	61	92	)	)	PUNCT
dem-2896	61	93	.	.	PUNCT
dem-2896	62	1	syczewska	syczewska	PROPN
dem-2896	62	2	(	(	PUNCT
dem-2896	62	3	2010	2010	NUM
dem-2896	62	4	)	)	PUNCT
dem-2896	62	5	proposed	propose	VERB
dem-2896	62	6	somewhat	somewhat	ADV
dem-2896	62	7	different	different	ADJ
dem-2896	62	8	subsamples	subsample	NOUN
dem-2896	62	9	as	as	ADP
dem-2896	62	10	‘	'	PUNCT
dem-2896	62	11	crisis	crisis	NOUN
dem-2896	62	12	’	'	PUNCT
dem-2896	62	13	(	(	PUNCT
dem-2896	62	14	‘	'	PUNCT
dem-2896	62	15	down	down	ADP
dem-2896	62	16	market	market	NOUN
dem-2896	62	17	’	'	PUNCT
dem-2896	62	18	)	)	PUNCT
dem-2896	62	19	and	and	CCONJ
dem-2896	62	20	‘	'	PUNCT
dem-2896	62	21	post	post	ADJ
dem-2896	62	22	-	-	NOUN
dem-2896	62	23	crisis	crisis	NOUN
dem-2896	62	24	’	'	PUNCT
dem-2896	62	25	(	(	PUNCT
dem-2896	62	26	‘	'	PUNCT
dem-2896	62	27	up	up	ADP
dem-2896	62	28	market	market	NOUN
dem-2896	62	29	’	'	PUNCT
dem-2896	62	30	)	)	PUNCT
dem-2896	62	31	periods	period	NOUN
dem-2896	62	32	,	,	PUNCT
dem-2896	62	33	but	but	CCONJ
dem-2896	62	34	we	we	PRON
dem-2896	62	35	advocate	advocate	VERB
dem-2896	62	36	feb	feb	PROPN
dem-2896	62	37	27	27	NUM
dem-2896	62	38	,	,	PUNCT
dem-2896	62	39	2007	2007	NUM
dem-2896	62	40	as	as	ADP
dem-2896	62	41	the	the	DET
dem-2896	62	42	beginning	beginning	NOUN
dem-2896	62	43	of	of	ADP
dem-2896	62	44	the	the	DET
dem-2896	62	45	‘	'	PUNCT
dem-2896	62	46	down	down	ADP
dem-2896	62	47	market	market	NOUN
dem-2896	62	48	’	'	PUNCT
dem-2896	62	49	period	period	NOUN
dem-2896	62	50	following	follow	VERB
dem-2896	62	51	dooley	dooley	NOUN
dem-2896	62	52	and	and	CCONJ
dem-2896	62	53	hutchison	hutchison	PROPN
dem-2896	62	54	(	(	PUNCT
dem-2896	62	55	2009	2009	NUM
dem-2896	62	56	)	)	PUNCT
dem-2896	62	57	,	,	PUNCT
dem-2896	62	58	and	and	CCONJ
dem-2896	62	59	march	march	PROPN
dem-2896	62	60	9	9	NUM
dem-2896	62	61	,	,	PUNCT
dem-2896	62	62	2009	2009	NUM
dem-2896	62	63	as	as	ADP
dem-2896	62	64	the	the	DET
dem-2896	62	65	end	end	NOUN
dem-2896	62	66	of	of	ADP
dem-2896	62	67	the	the	DET
dem-2896	62	68	‘	'	PUNCT
dem-2896	62	69	down	down	ADP
dem-2896	62	70	market	market	NOUN
dem-2896	62	71	’	'	PUNCT
dem-2896	62	72	period	period	NOUN
dem-2896	62	73	because	because	SCONJ
dem-2896	62	74	of	of	ADP
dem-2896	62	75	the	the	DET
dem-2896	62	76	global	global	ADJ
dem-2896	62	77	minimum	minimum	NOUN
dem-2896	62	78	of	of	ADP
dem-2896	62	79	the	the	DET
dem-2896	62	80	s&p	s&p	PROPN
dem-2896	62	81	500	500	NUM
dem-2896	62	82	index	index	NOUN
dem-2896	62	83	value	value	NOUN
dem-2896	62	84	in	in	ADP
dem-2896	62	85	the	the	DET
dem-2896	62	86	whole	whole	ADJ
dem-2896	62	87	sample	sample	NOUN
dem-2896	62	88	achieved	achieve	VERB
dem-2896	62	89	on	on	ADP
dem-2896	62	90	this	this	DET
dem-2896	62	91	day	day	NOUN
dem-2896	62	92	.	.	PUNCT
dem-2896	63	1	the	the	DET
dem-2896	63	2	overall	overall	ADJ
dem-2896	63	3	s&p	s&p	PROPN
dem-2896	63	4	500	500	NUM
dem-2896	63	5	index	index	NOUN
dem-2896	63	6	fell	fall	VERB
dem-2896	63	7	from	from	ADP
dem-2896	63	8	1399.04	1399.04	NUM
dem-2896	63	9	(	(	PUNCT
dem-2896	63	10	feb	feb	PROPN
dem-2896	63	11	27	27	NUM
dem-2896	63	12	,	,	PUNCT
dem-2896	63	13	2007	2007	NUM
dem-2896	63	14	)	)	PUNCT
dem-2896	63	15	to	to	ADP
dem-2896	63	16	676.53	676.53	NUM
dem-2896	63	17	(	(	PUNCT
dem-2896	63	18	march	march	PROPN
dem-2896	63	19	9	9	NUM
dem-2896	63	20	,	,	PUNCT
dem-2896	63	21	2009	2009	NUM
dem-2896	63	22	)	)	PUNCT
dem-2896	63	23	.	.	PUNCT
dem-2896	64	1	it	it	PRON
dem-2896	64	2	lost	lose	VERB
dem-2896	64	3	51.64	51.64	NUM
dem-2896	64	4	%	%	NOUN
dem-2896	64	5	of	of	ADP
dem-2896	64	6	previous	previous	ADJ
dem-2896	64	7	value	value	NOUN
dem-2896	64	8	during	during	ADP
dem-2896	64	9	the	the	DET
dem-2896	64	10	‘	'	PUNCT
dem-2896	64	11	down	down	ADP
dem-2896	64	12	market	market	NOUN
dem-2896	64	13	’	'	PUNCT
dem-2896	64	14	period	period	NOUN
dem-2896	64	15	,	,	PUNCT
dem-2896	64	16	which	which	PRON
dem-2896	64	17	is	be	AUX
dem-2896	64	18	closely	closely	ADV
dem-2896	64	19	connected	connect	VERB
dem-2896	64	20	with	with	ADP
dem-2896	64	21	the	the	DET
dem-2896	64	22	2007	2007	NUM
dem-2896	64	23	us	us	PROPN
dem-2896	64	24	subprime	subprime	ADJ
dem-2896	64	25	crisis	crisis	NOUN
dem-2896	64	26	period	period	NOUN
dem-2896	64	27	.	.	PUNCT
dem-2896	65	1	dooley	dooley	NOUN
dem-2896	65	2	and	and	CCONJ
dem-2896	65	3	hutchison	hutchison	PROPN
dem-2896	65	4	(	(	PUNCT
dem-2896	65	5	2009	2009	NUM
dem-2896	65	6	)	)	PUNCT
dem-2896	65	7	focus	focus	VERB
dem-2896	65	8	their	their	PRON
dem-2896	65	9	analysis	analysis	NOUN
dem-2896	65	10	on	on	ADP
dem-2896	65	11	the	the	DET
dem-2896	65	12	links	link	NOUN
dem-2896	65	13	between	between	ADP
dem-2896	65	14	the	the	DET
dem-2896	65	15	us	us	PROPN
dem-2896	65	16	and	and	CCONJ
dem-2896	65	17	a	a	DET
dem-2896	65	18	broad	broad	ADJ
dem-2896	65	19	range	range	NOUN
dem-2896	65	20	of	of	ADP
dem-2896	65	21	emerging	emerge	VERB
dem-2896	65	22	equity	equity	NOUN
dem-2896	65	23	markets	market	NOUN
dem-2896	65	24	over	over	ADP
dem-2896	65	25	a	a	DET
dem-2896	65	26	subprime	subprime	ADJ
dem-2896	65	27	crisis	crisis	NOUN
dem-2896	65	28	sample	sample	NOUN
dem-2896	65	29	period	period	NOUN
dem-2896	65	30	from	from	ADP
dem-2896	65	31	feb	feb	PROPN
dem-2896	65	32	2007	2007	NUM
dem-2896	65	33	to	to	ADP
dem-2896	65	34	march	march	PROPN
dem-2896	65	35	2009	2009	NUM
dem-2896	65	36	,	,	PUNCT
dem-2896	65	37	including	include	VERB
dem-2896	65	38	poland	poland	PROPN
dem-2896	65	39	,	,	PUNCT
dem-2896	65	40	hungary	hungary	PROPN
dem-2896	65	41	,	,	PUNCT
dem-2896	65	42	and	and	CCONJ
dem-2896	65	43	the	the	DET
dem-2896	65	44	czech	czech	PROPN
dem-2896	65	45	republic	republic	NOUN
dem-2896	65	46	amongst	amongst	ADP
dem-2896	65	47	others	other	NOUN
dem-2896	65	48	.	.	PUNCT
dem-2896	66	1	mun	mun	PROPN
dem-2896	66	2	and	and	CCONJ
dem-2896	66	3	brooks	brooks	PROPN
dem-2896	66	4	(	(	PUNCT
dem-2896	66	5	2012	2012	NUM
dem-2896	66	6	)	)	PUNCT
dem-2896	66	7	extend	extend	VERB
dem-2896	66	8	the	the	DET
dem-2896	66	9	dooley	dooley	NOUN
dem-2896	66	10	’s	’s	PART
dem-2896	66	11	and	and	CCONJ
dem-2896	66	12	hutchison	hutchison	PROPN
dem-2896	66	13	’s	’s	PART
dem-2896	66	14	analysis	analysis	NOUN
dem-2896	66	15	to	to	ADP
dem-2896	66	16	a	a	DET
dem-2896	66	17	broader	broad	ADJ
dem-2896	66	18	set	set	NOUN
dem-2896	66	19	of	of	ADP
dem-2896	66	20	individual	individual	NOUN
dem-2896	66	21	developed	develop	VERB
dem-2896	66	22	and	and	CCONJ
dem-2896	66	23	emerging	emerge	VERB
dem-2896	66	24	markets	market	NOUN
dem-2896	66	25	,	,	PUNCT
dem-2896	66	26	and	and	CCONJ
dem-2896	66	27	also	also	ADV
dem-2896	66	28	asymmetric	asymmetric	ADJ
dem-2896	66	29	impact	impact	NOUN
dem-2896	66	30	of	of	ADP
dem-2896	66	31	innovations	innovation	NOUN
dem-2896	66	32	on	on	ADP
dem-2896	66	33	volatility	volatility	NOUN
dem-2896	66	34	…	…	PUNCT
dem-2896	66	35	dynamic	dynamic	ADJ
dem-2896	66	36	econometric	econometric	ADJ
dem-2896	66	37	models	model	NOUN
dem-2896	66	38	13	13	NUM
dem-2896	66	39	(	(	PUNCT
dem-2896	66	40	2013	2013	NUM
dem-2896	66	41	)	)	PUNCT
dem-2896	66	42	33–50	33–50	NUM
dem-2896	66	43	37	37	NUM
dem-2896	66	44	extend	extend	VERB
dem-2896	66	45	the	the	DET
dem-2896	66	46	whole	whole	ADJ
dem-2896	66	47	sample	sample	NOUN
dem-2896	66	48	period	period	NOUN
dem-2896	66	49	to	to	ADP
dem-2896	66	50	feb	feb	PROPN
dem-2896	66	51	2010	2010	NUM
dem-2896	66	52	(	(	PUNCT
dem-2896	66	53	full	full	ADJ
dem-2896	66	54	3	3	NUM
dem-2896	66	55	years	year	NOUN
dem-2896	66	56	)	)	PUNCT
dem-2896	66	57	.	.	PUNCT
dem-2896	67	1	frank	frank	PROPN
dem-2896	67	2	and	and	CCONJ
dem-2896	67	3	hesse	hesse	PROPN
dem-2896	67	4	(	(	PUNCT
dem-2896	67	5	2009	2009	NUM
dem-2896	67	6	)	)	PUNCT
dem-2896	67	7	find	find	VERB
dem-2896	67	8	that	that	SCONJ
dem-2896	67	9	end	end	NOUN
dem-2896	67	10	-	-	PUNCT
dem-2896	67	11	february	february	PROPN
dem-2896	67	12	2007	2007	NUM
dem-2896	67	13	was	be	AUX
dem-2896	67	14	a	a	DET
dem-2896	67	15	period	period	NOUN
dem-2896	67	16	when	when	SCONJ
dem-2896	67	17	early	early	ADJ
dem-2896	67	18	signs	sign	NOUN
dem-2896	67	19	of	of	ADP
dem-2896	67	20	stress	stress	NOUN
dem-2896	67	21	began	begin	VERB
dem-2896	67	22	to	to	PART
dem-2896	67	23	emerge	emerge	VERB
dem-2896	67	24	in	in	ADP
dem-2896	67	25	global	global	ADJ
dem-2896	67	26	markets	market	NOUN
dem-2896	67	27	prior	prior	ADV
dem-2896	67	28	to	to	ADP
dem-2896	67	29	the	the	DET
dem-2896	67	30	time	time	NOUN
dem-2896	67	31	when	when	SCONJ
dem-2896	67	32	the	the	DET
dem-2896	67	33	subprime	subprime	ADJ
dem-2896	67	34	crisis	crisis	NOUN
dem-2896	67	35	was	be	AUX
dem-2896	67	36	revealed	reveal	VERB
dem-2896	67	37	in	in	ADP
dem-2896	67	38	mid–2007	mid–2007	PROPN
dem-2896	67	39	.	.	PROPN
dem-2896	67	40	1.3	1.3	NUM
dem-2896	67	41	.	.	PUNCT
dem-2896	68	1	the	the	DET
dem-2896	68	2	exponential	exponential	ADJ
dem-2896	68	3	garch	garch	NOUN
dem-2896	68	4	model	model	NOUN
dem-2896	68	5	many	many	ADJ
dem-2896	68	6	researchers	researcher	NOUN
dem-2896	68	7	documented	document	VERB
dem-2896	68	8	that	that	SCONJ
dem-2896	68	9	stock	stock	NOUN
dem-2896	68	10	return	return	NOUN
dem-2896	68	11	volatility	volatility	NOUN
dem-2896	68	12	tends	tend	VERB
dem-2896	68	13	to	to	PART
dem-2896	68	14	rise	rise	VERB
dem-2896	68	15	following	follow	VERB
dem-2896	68	16	‘	'	PUNCT
dem-2896	68	17	good	good	ADJ
dem-2896	68	18	’	'	PUNCT
dem-2896	68	19	and	and	CCONJ
dem-2896	68	20	‘	'	PUNCT
dem-2896	68	21	bad	bad	ADJ
dem-2896	68	22	’	'	PUNCT
dem-2896	68	23	news	news	NOUN
dem-2896	68	24	.	.	PUNCT
dem-2896	69	1	this	this	DET
dem-2896	69	2	phenomenon	phenomenon	NOUN
dem-2896	69	3	was	be	AUX
dem-2896	69	4	noted	note	VERB
dem-2896	69	5	both	both	CCONJ
dem-2896	69	6	for	for	ADP
dem-2896	69	7	individual	individual	ADJ
dem-2896	69	8	stocks	stock	NOUN
dem-2896	69	9	and	and	CCONJ
dem-2896	69	10	for	for	ADP
dem-2896	69	11	market	market	NOUN
dem-2896	69	12	indexes	index	NOUN
dem-2896	69	13	(	(	PUNCT
dem-2896	69	14	braun	braun	PROPN
dem-2896	69	15	et	et	PROPN
dem-2896	69	16	al	al	PROPN
dem-2896	69	17	.	.	PROPN
dem-2896	69	18	,	,	PUNCT
dem-2896	69	19	1995	1995	NUM
dem-2896	69	20	)	)	PUNCT
dem-2896	69	21	.	.	PUNCT
dem-2896	70	1	since	since	SCONJ
dem-2896	70	2	nelson	nelson	PROPN
dem-2896	70	3	(	(	PUNCT
dem-2896	70	4	1991	1991	NUM
dem-2896	70	5	)	)	PUNCT
dem-2896	70	6	introduced	introduce	VERB
dem-2896	70	7	the	the	DET
dem-2896	70	8	univariate	univariate	ADJ
dem-2896	70	9	exponential	exponential	ADJ
dem-2896	70	10	generalized	generalize	VERB
dem-2896	70	11	autoregressive	autoregressive	ADJ
dem-2896	70	12	conditionally	conditionally	ADV
dem-2896	70	13	heteroskedastic	heteroskedastic	ADJ
dem-2896	70	14	(	(	PUNCT
dem-2896	70	15	egarch	egarch	NOUN
dem-2896	70	16	)	)	PUNCT
dem-2896	70	17	model	model	NOUN
dem-2896	70	18	,	,	PUNCT
dem-2896	70	19	some	some	DET
dem-2896	70	20	papers	paper	NOUN
dem-2896	70	21	employ	employ	VERB
dem-2896	70	22	this	this	DET
dem-2896	70	23	model	model	NOUN
dem-2896	70	24	to	to	PART
dem-2896	70	25	capture	capture	VERB
dem-2896	70	26	the	the	DET
dem-2896	70	27	asymmetric	asymmetric	ADJ
dem-2896	70	28	effect	effect	NOUN
dem-2896	70	29	of	of	ADP
dem-2896	70	30	innovations	innovation	NOUN
dem-2896	70	31	on	on	ADP
dem-2896	70	32	volatility	volatility	NOUN
dem-2896	70	33	.	.	PUNCT
dem-2896	71	1	several	several	ADJ
dem-2896	71	2	studies	study	NOUN
dem-2896	71	3	present	present	VERB
dem-2896	71	4	various	various	ADJ
dem-2896	71	5	applications	application	NOUN
dem-2896	71	6	of	of	ADP
dem-2896	71	7	univariate	univariate	ADJ
dem-2896	71	8	and	and	CCONJ
dem-2896	71	9	multivariate	multivariate	VERB
dem-2896	71	10	egarch	egarch	NOUN
dem-2896	71	11	models	model	NOUN
dem-2896	71	12	.	.	PUNCT
dem-2896	72	1	in	in	ADP
dem-2896	72	2	(	(	PUNCT
dem-2896	72	3	koutmos	koutmos	PROPN
dem-2896	72	4	,	,	PUNCT
dem-2896	72	5	booth	booth	NOUN
dem-2896	72	6	,	,	PUNCT
dem-2896	72	7	1995	1995	NUM
dem-2896	72	8	)	)	PUNCT
dem-2896	72	9	the	the	DET
dem-2896	72	10	transmission	transmission	NOUN
dem-2896	72	11	mechanism	mechanism	NOUN
dem-2896	72	12	of	of	ADP
dem-2896	72	13	price	price	NOUN
dem-2896	72	14	and	and	CCONJ
dem-2896	72	15	volatility	volatility	NOUN
dem-2896	72	16	spillovers	spillover	NOUN
dem-2896	72	17	across	across	ADP
dem-2896	72	18	the	the	DET
dem-2896	72	19	new	new	PROPN
dem-2896	72	20	york	york	PROPN
dem-2896	72	21	,	,	PUNCT
dem-2896	72	22	tokyo	tokyo	PROPN
dem-2896	72	23	and	and	CCONJ
dem-2896	72	24	london	london	PROPN
dem-2896	72	25	stock	stock	NOUN
dem-2896	72	26	markets	market	NOUN
dem-2896	72	27	from	from	ADP
dem-2896	72	28	three	three	NUM
dem-2896	72	29	different	different	ADJ
dem-2896	72	30	time	time	NOUN
dem-2896	72	31	zones	zone	NOUN
dem-2896	72	32	is	be	AUX
dem-2896	72	33	investigated	investigate	VERB
dem-2896	72	34	,	,	PUNCT
dem-2896	72	35	using	use	VERB
dem-2896	72	36	the	the	DET
dem-2896	72	37	egarch	egarch	NOUN
dem-2896	72	38	approach	approach	NOUN
dem-2896	72	39	.	.	PUNCT
dem-2896	73	1	jane	jane	NOUN
dem-2896	73	2	and	and	CCONJ
dem-2896	73	3	ding	ding	NOUN
dem-2896	73	4	(	(	PUNCT
dem-2896	73	5	2009	2009	NUM
dem-2896	73	6	)	)	PUNCT
dem-2896	73	7	propose	propose	VERB
dem-2896	73	8	the	the	DET
dem-2896	73	9	multivariate	multivariate	NOUN
dem-2896	73	10	extension	extension	NOUN
dem-2896	73	11	of	of	ADP
dem-2896	73	12	nelson	nelson	PROPN
dem-2896	73	13	’s	’s	PART
dem-2896	73	14	univariate	univariate	ADJ
dem-2896	73	15	egarch	egarch	NOUN
dem-2896	73	16	model	model	NOUN
dem-2896	73	17	and	and	CCONJ
dem-2896	73	18	compare	compare	VERB
dem-2896	73	19	their	their	PRON
dem-2896	73	20	model	model	NOUN
dem-2896	73	21	with	with	ADP
dem-2896	73	22	the	the	DET
dem-2896	73	23	existing	exist	VERB
dem-2896	73	24	one	one	NOUN
dem-2896	73	25	given	give	VERB
dem-2896	73	26	by	by	ADP
dem-2896	73	27	koutmos	koutmos	PROPN
dem-2896	73	28	and	and	CCONJ
dem-2896	73	29	booth	booth	NOUN
dem-2896	73	30	(	(	PUNCT
dem-2896	73	31	1995	1995	NUM
dem-2896	73	32	)	)	PUNCT
dem-2896	73	33	.	.	PUNCT
dem-2896	74	1	booth	booth	NOUN
dem-2896	74	2	et	et	PROPN
dem-2896	74	3	al	al	PROPN
dem-2896	74	4	.	.	PROPN
dem-2896	74	5	(	(	PUNCT
dem-2896	74	6	1997	1997	NUM
dem-2896	74	7	)	)	PUNCT
dem-2896	74	8	provide	provide	VERB
dem-2896	74	9	the	the	DET
dem-2896	74	10	evidence	evidence	NOUN
dem-2896	74	11	on	on	ADP
dem-2896	74	12	price	price	NOUN
dem-2896	74	13	and	and	CCONJ
dem-2896	74	14	volatility	volatility	NOUN
dem-2896	74	15	spillovers	spillover	NOUN
dem-2896	74	16	among	among	ADP
dem-2896	74	17	four	four	NUM
dem-2896	74	18	scandinavian	scandinavian	ADJ
dem-2896	74	19	(	(	PUNCT
dem-2896	74	20	nordic	nordic	ADJ
dem-2896	74	21	)	)	PUNCT
dem-2896	74	22	stock	stock	NOUN
dem-2896	74	23	markets	market	NOUN
dem-2896	74	24	.	.	PUNCT
dem-2896	75	1	bhar	bhar	NOUN
dem-2896	75	2	(	(	PUNCT
dem-2896	75	3	2001	2001	NUM
dem-2896	75	4	)	)	PUNCT
dem-2896	75	5	applies	apply	VERB
dem-2896	75	6	an	an	DET
dem-2896	75	7	extended	extended	ADJ
dem-2896	75	8	bivariate	bivariate	ADJ
dem-2896	75	9	egarch	egarch	NOUN
dem-2896	75	10	model	model	NOUN
dem-2896	75	11	to	to	PART
dem-2896	75	12	provide	provide	VERB
dem-2896	75	13	evidence	evidence	NOUN
dem-2896	75	14	of	of	ADP
dem-2896	75	15	linkages	linkage	NOUN
dem-2896	75	16	between	between	ADP
dem-2896	75	17	the	the	DET
dem-2896	75	18	equity	equity	NOUN
dem-2896	75	19	market	market	NOUN
dem-2896	75	20	and	and	CCONJ
dem-2896	75	21	the	the	DET
dem-2896	75	22	index	index	NOUN
dem-2896	75	23	futures	future	NOUN
dem-2896	75	24	market	market	NOUN
dem-2896	75	25	in	in	ADP
dem-2896	75	26	australia	australia	PROPN
dem-2896	75	27	.	.	PUNCT
dem-2896	76	1	reyes	reyes	PROPN
dem-2896	76	2	(	(	PUNCT
dem-2896	76	3	2001	2001	NUM
dem-2896	76	4	)	)	PUNCT
dem-2896	76	5	examines	examine	VERB
dem-2896	76	6	volatility	volatility	NOUN
dem-2896	76	7	transfers	transfer	NOUN
dem-2896	76	8	between	between	ADP
dem-2896	76	9	size	size	NOUN
dem-2896	76	10	–	–	PUNCT
dem-2896	76	11	based	base	VERB
dem-2896	76	12	indexes	index	NOUN
dem-2896	76	13	from	from	ADP
dem-2896	76	14	the	the	DET
dem-2896	76	15	tokyo	tokyo	PROPN
dem-2896	76	16	stock	stock	NOUN
dem-2896	76	17	exchange	exchange	NOUN
dem-2896	76	18	,	,	PUNCT
dem-2896	76	19	using	use	VERB
dem-2896	76	20	a	a	DET
dem-2896	76	21	bivariate	bivariate	ADJ
dem-2896	76	22	egarch	egarch	NOUN
dem-2896	76	23	model	model	NOUN
dem-2896	76	24	.	.	PUNCT
dem-2896	77	1	tse	tse	PROPN
dem-2896	77	2	et	et	PROPN
dem-2896	77	3	al	al	PROPN
dem-2896	77	4	.	.	PROPN
dem-2896	78	1	(	(	PUNCT
dem-2896	78	2	2003	2003	NUM
dem-2896	78	3	)	)	PUNCT
dem-2896	78	4	employ	employ	VERB
dem-2896	78	5	a	a	DET
dem-2896	78	6	bivariate	bivariate	ADJ
dem-2896	78	7	egarch	egarch	NOUN
dem-2896	78	8	model	model	NOUN
dem-2896	78	9	that	that	PRON
dem-2896	78	10	allows	allow	VERB
dem-2896	78	11	for	for	ADP
dem-2896	78	12	both	both	PRON
dem-2896	78	13	mean	mean	ADJ
dem-2896	78	14	and	and	CCONJ
dem-2896	78	15	variance	variance	NOUN
dem-2896	78	16	spillovers	spillover	NOUN
dem-2896	78	17	between	between	ADP
dem-2896	78	18	the	the	DET
dem-2896	78	19	us	us	PROPN
dem-2896	78	20	and	and	CCONJ
dem-2896	78	21	polish	polish	ADJ
dem-2896	78	22	stock	stock	NOUN
dem-2896	78	23	markets	market	NOUN
dem-2896	78	24	.	.	PUNCT
dem-2896	79	1	balaban	balaban	PROPN
dem-2896	79	2	and	and	CCONJ
dem-2896	79	3	bayar	bayar	PROPN
dem-2896	79	4	(	(	PUNCT
dem-2896	79	5	2005	2005	NUM
dem-2896	79	6	)	)	PUNCT
dem-2896	79	7	test	test	NOUN
dem-2896	79	8	the	the	DET
dem-2896	79	9	relationship	relationship	NOUN
dem-2896	79	10	between	between	ADP
dem-2896	79	11	stock	stock	NOUN
dem-2896	79	12	market	market	NOUN
dem-2896	79	13	returns	return	NOUN
dem-2896	79	14	and	and	CCONJ
dem-2896	79	15	their	their	PRON
dem-2896	79	16	forecast	forecast	NOUN
dem-2896	79	17	volatility	volatility	NOUN
dem-2896	79	18	derived	derive	VERB
dem-2896	79	19	from	from	ADP
dem-2896	79	20	the	the	DET
dem-2896	79	21	symmetric	symmetric	ADJ
dem-2896	79	22	and	and	CCONJ
dem-2896	79	23	asymmetric	asymmetric	ADJ
dem-2896	79	24	garch	garch	NOUN
dem-2896	79	25	–	–	PUNCT
dem-2896	79	26	type	type	NOUN
dem-2896	79	27	models	model	NOUN
dem-2896	79	28	in	in	ADP
dem-2896	79	29	14	14	NUM
dem-2896	79	30	countries	country	NOUN
dem-2896	79	31	.	.	PUNCT
dem-2896	80	1	lee	lee	PROPN
dem-2896	80	2	and	and	CCONJ
dem-2896	80	3	stewart	stewart	PROPN
dem-2896	80	4	(	(	PUNCT
dem-2896	80	5	2010	2010	NUM
dem-2896	80	6	)	)	PUNCT
dem-2896	80	7	examine	examine	VERB
dem-2896	80	8	asymmetric	asymmetric	ADJ
dem-2896	80	9	effects	effect	NOUN
dem-2896	80	10	on	on	ADP
dem-2896	80	11	volatility	volatility	NOUN
dem-2896	80	12	in	in	ADP
dem-2896	80	13	the	the	DET
dem-2896	80	14	case	case	NOUN
dem-2896	80	15	of	of	ADP
dem-2896	80	16	the	the	DET
dem-2896	80	17	baltic	baltic	ADJ
dem-2896	80	18	and	and	CCONJ
dem-2896	80	19	nordic	nordic	ADJ
dem-2896	80	20	major	major	ADJ
dem-2896	80	21	stock	stock	NOUN
dem-2896	80	22	indexes	index	NOUN
dem-2896	80	23	,	,	PUNCT
dem-2896	80	24	using	use	VERB
dem-2896	80	25	both	both	CCONJ
dem-2896	80	26	univariate	univariate	ADJ
dem-2896	80	27	and	and	CCONJ
dem-2896	80	28	multivariate	multivariate	VERB
dem-2896	80	29	egarch	egarch	NOUN
dem-2896	80	30	models	model	NOUN
dem-2896	80	31	.	.	PUNCT
dem-2896	81	1	olbrys	olbrys	INTJ
dem-2896	81	2	(	(	PUNCT
dem-2896	81	3	2013	2013	NUM
dem-2896	81	4	)	)	PUNCT
dem-2896	81	5	investigates	investigate	VERB
dem-2896	81	6	the	the	DET
dem-2896	81	7	interdependence	interdependence	NOUN
dem-2896	81	8	of	of	ADP
dem-2896	81	9	price	price	NOUN
dem-2896	81	10	volatility	volatility	NOUN
dem-2896	81	11	across	across	ADP
dem-2896	81	12	the	the	DET
dem-2896	81	13	us	us	PROPN
dem-2896	81	14	developed	develop	VERB
dem-2896	81	15	stock	stock	NOUN
dem-2896	81	16	market	market	NOUN
dem-2896	81	17	and	and	CCONJ
dem-2896	81	18	two	two	NUM
dem-2896	81	19	emerging	emerge	VERB
dem-2896	81	20	central	central	ADJ
dem-2896	81	21	and	and	CCONJ
dem-2896	81	22	eastern	eastern	ADJ
dem-2896	81	23	european	european	PROPN
dem-2896	81	24	(	(	PUNCT
dem-2896	81	25	cee	cee	NOUN
dem-2896	81	26	)	)	PUNCT
dem-2896	81	27	markets	market	NOUN
dem-2896	81	28	in	in	ADP
dem-2896	81	29	warsaw	warsaw	PROPN
dem-2896	81	30	and	and	CCONJ
dem-2896	81	31	budapest	budapest	NOUN
dem-2896	81	32	using	use	VERB
dem-2896	81	33	a	a	DET
dem-2896	81	34	multivariate	multivariate	NOUN
dem-2896	81	35	modified	modify	VERB
dem-2896	81	36	egarch	egarch	NOUN
dem-2896	81	37	model	model	NOUN
dem-2896	81	38	.	.	PUNCT
dem-2896	82	1	as	as	ADP
dem-2896	82	2	a	a	DET
dem-2896	82	3	matter	matter	NOUN
dem-2896	82	4	of	of	ADP
dem-2896	82	5	fact	fact	NOUN
dem-2896	82	6	,	,	PUNCT
dem-2896	82	7	the	the	DET
dem-2896	82	8	asymmetric	asymmetric	ADJ
dem-2896	82	9	effects	effect	NOUN
dem-2896	82	10	of	of	ADP
dem-2896	82	11	innovations	innovation	NOUN
dem-2896	82	12	on	on	ADP
dem-2896	82	13	volatility	volatility	NOUN
dem-2896	82	14	for	for	ADP
dem-2896	82	15	one	one	NUM
dem-2896	82	16	selected	select	VERB
dem-2896	82	17	domestic	domestic	ADJ
dem-2896	82	18	stock	stock	NOUN
dem-2896	82	19	market	market	NOUN
dem-2896	82	20	could	could	AUX
dem-2896	82	21	be	be	AUX
dem-2896	82	22	well	well	ADV
dem-2896	82	23	described	describe	VERB
dem-2896	82	24	by	by	ADP
dem-2896	82	25	the	the	DET
dem-2896	82	26	univariate	univariate	ADJ
dem-2896	82	27	egarch	egarch	NOUN
dem-2896	82	28	model	model	NOUN
dem-2896	82	29	,	,	PUNCT
dem-2896	82	30	although	although	SCONJ
dem-2896	82	31	it	it	PRON
dem-2896	82	32	is	be	AUX
dem-2896	82	33	now	now	ADV
dem-2896	82	34	widely	widely	ADV
dem-2896	82	35	accepted	accept	VERB
dem-2896	82	36	that	that	SCONJ
dem-2896	82	37	a	a	DET
dem-2896	82	38	multivariate	multivariate	NOUN
dem-2896	82	39	modeling	model	VERB
dem-2896	82	40	framework	framework	NOUN
dem-2896	82	41	(	(	PUNCT
dem-2896	82	42	in	in	ADP
dem-2896	82	43	the	the	DET
dem-2896	82	44	case	case	NOUN
dem-2896	82	45	of	of	ADP
dem-2896	82	46	the	the	DET
dem-2896	82	47	group	group	NOUN
dem-2896	82	48	of	of	ADP
dem-2896	82	49	markets	market	NOUN
dem-2896	82	50	)	)	PUNCT
dem-2896	82	51	leads	lead	VERB
dem-2896	82	52	to	to	ADP
dem-2896	82	53	joanna	joanna	PROPN
dem-2896	82	54	olbryś	olbryś	PROPN
dem-2896	82	55	dynamic	dynamic	ADJ
dem-2896	82	56	econometric	econometric	ADJ
dem-2896	82	57	models	model	NOUN
dem-2896	82	58	13	13	NUM
dem-2896	82	59	(	(	PUNCT
dem-2896	82	60	2013	2013	NUM
dem-2896	82	61	)	)	PUNCT
dem-2896	82	62	33–50	33–50	NUM
dem-2896	82	63	38	38	NUM
dem-2896	82	64	more	more	ADV
dem-2896	82	65	relevant	relevant	ADJ
dem-2896	82	66	empirical	empirical	ADJ
dem-2896	82	67	models	model	NOUN
dem-2896	82	68	than	than	ADP
dem-2896	82	69	working	work	VERB
dem-2896	82	70	with	with	ADP
dem-2896	82	71	separate	separate	ADJ
dem-2896	82	72	univariate	univariate	ADJ
dem-2896	82	73	models	model	NOUN
dem-2896	82	74	(	(	PUNCT
dem-2896	82	75	bauwens	bauwen	NOUN
dem-2896	82	76	et	et	PROPN
dem-2896	82	77	al	al	PROPN
dem-2896	82	78	.	.	PROPN
dem-2896	82	79	,	,	PUNCT
dem-2896	82	80	2006	2006	NUM
dem-2896	82	81	)	)	PUNCT
dem-2896	82	82	.	.	PUNCT
dem-2896	83	1	but	but	CCONJ
dem-2896	83	2	it	it	PRON
dem-2896	83	3	is	be	AUX
dem-2896	83	4	worth	worth	ADJ
dem-2896	83	5	stressing	stress	VERB
dem-2896	83	6	that	that	SCONJ
dem-2896	83	7	the	the	DET
dem-2896	83	8	multivariate	multivariate	NOUN
dem-2896	83	9	egarch	egarch	NOUN
dem-2896	83	10	model	model	NOUN
dem-2896	83	11	estimation	estimation	NOUN
dem-2896	83	12	is	be	AUX
dem-2896	83	13	particularly	particularly	ADV
dem-2896	83	14	difficult	difficult	ADJ
dem-2896	83	15	due	due	ADJ
dem-2896	83	16	to	to	ADP
dem-2896	83	17	the	the	DET
dem-2896	83	18	large	large	ADJ
dem-2896	83	19	number	number	NOUN
dem-2896	83	20	of	of	ADP
dem-2896	83	21	estimated	estimate	VERB
dem-2896	83	22	parameters	parameter	NOUN
dem-2896	83	23	.	.	PUNCT
dem-2896	84	1	the	the	DET
dem-2896	84	2	univariate	univariate	ADJ
dem-2896	84	3	time	time	NOUN
dem-2896	84	4	series	series	NOUN
dem-2896	84	5	}	}	PUNCT
dem-2896	84	6	{	{	PUNCT
dem-2896	84	7	tr	tr	PRON
dem-2896	84	8	can	can	AUX
dem-2896	84	9	be	be	AUX
dem-2896	84	10	expressed	express	VERB
dem-2896	84	11	as	as	ADP
dem-2896	84	12	:	:	PUNCT
dem-2896	84	13	,	,	PUNCT
dem-2896	84	14	ttt	ttt	PROPN
dem-2896	84	15	εμr	εμr	PROPN
dem-2896	85	1	+	+	PROPN
dem-2896	85	2	=	=	X
dem-2896	85	3	(	(	PUNCT
dem-2896	85	4	1	1	NUM
dem-2896	85	5	)	)	PUNCT
dem-2896	85	6	where	where	SCONJ
dem-2896	85	7	:	:	PUNCT
dem-2896	85	8	)	)	PUNCT
dem-2896	85	9	(	(	PUNCT
dem-2896	85	10	1−=	1−=	NUM
dem-2896	85	11	ttt	ttt	PROPN
dem-2896	85	12	freμ	freμ	PROPN
dem-2896	85	13	is	be	AUX
dem-2896	85	14	the	the	DET
dem-2896	85	15	conditional	conditional	ADJ
dem-2896	85	16	expectation	expectation	NOUN
dem-2896	85	17	of	of	ADP
dem-2896	85	18	tr	tr	VERB
dem-2896	85	19	given	give	VERB
dem-2896	85	20	the	the	DET
dem-2896	85	21	past	past	ADJ
dem-2896	85	22	information	information	NOUN
dem-2896	85	23	1−tf	1−tf	NUM
dem-2896	85	24	,	,	PUNCT
dem-2896	85	25	tε	tε	PROPN
dem-2896	85	26	is	be	AUX
dem-2896	85	27	the	the	DET
dem-2896	85	28	innovation	innovation	NOUN
dem-2896	85	29	of	of	ADP
dem-2896	85	30	the	the	DET
dem-2896	85	31	series	series	NOUN
dem-2896	85	32	at	at	ADP
dem-2896	85	33	time	time	NOUN
dem-2896	85	34	t	t	PROPN
dem-2896	85	35	.	.	PUNCT
dem-2896	86	1	nelson	nelson	PROPN
dem-2896	86	2	’s	’s	PART
dem-2896	86	3	univariate	univariate	PROPN
dem-2896	86	4	egarch(p	egarch(p	PROPN
dem-2896	86	5	,	,	PUNCT
dem-2896	86	6	q	q	X
dem-2896	86	7	)	)	PUNCT
dem-2896	86	8	model	model	NOUN
dem-2896	86	9	can	can	AUX
dem-2896	86	10	be	be	AUX
dem-2896	86	11	represented	represent	VERB
dem-2896	86	12	as	as	ADP
dem-2896	86	13	follows	follow	VERB
dem-2896	86	14	(	(	PUNCT
dem-2896	86	15	tsay	tsay	PROPN
dem-2896	86	16	,	,	PUNCT
dem-2896	86	17	2010	2010	NUM
dem-2896	86	18	):	):	PUNCT
dem-2896	86	19	1	1	NUM
dem-2896	86	20	1	1	NUM
dem-2896	86	21	12	12	NUM
dem-2896	86	22	0	0	NUM
dem-2896	86	23	1	1	NUM
dem-2896	86	24	1	1	NUM
dem-2896	86	25	1	1	NUM
dem-2896	86	26	1	1	NUM
dem-2896	86	27	ln	ln	ADJ
dem-2896	86	28	,	,	PUNCT
dem-2896	86	29	1	1	NUM
dem-2896	86	30	~	~	PUNCT
dem-2896	86	31	(	(	PUNCT
dem-2896	86	32	0	0	NUM
dem-2896	86	33	,	,	PUNCT
dem-2896	86	34	)	)	PUNCT
dem-2896	86	35	,	,	PUNCT
dem-2896	86	36	~	~	PUNCT
dem-2896	86	37	(	(	PUNCT
dem-2896	86	38	0,1	0,1	NUM
dem-2896	86	39	)	)	PUNCT
dem-2896	86	40	,	,	PUNCT
dem-2896	86	41	q	q	PROPN
dem-2896	87	1	q	q	X
dem-2896	87	2	t	t	NOUN
dem-2896	87	3	tp	tp	ADP
dem-2896	87	4	p	p	PROPN
dem-2896	87	5	t	t	PROPN
dem-2896	88	1	t	t	PROPN
dem-2896	88	2	t	t	PROPN
dem-2896	88	3	t	t	PROPN
dem-2896	88	4	t	t	PROPN
dem-2896	88	5	t	t	PROPN
dem-2896	88	6	t	t	PROPN
dem-2896	88	7	β	β	X
dem-2896	88	8	b	b	PROPN
dem-2896	88	9	β	β	X
dem-2896	88	10	b	b	PROPN
dem-2896	88	11	(	(	PUNCT
dem-2896	88	12	σ	σ	PROPN
dem-2896	88	13	)	)	PUNCT
dem-2896	88	14	α	α	PROPN
dem-2896	88	15	g(z	g(z	PROPN
dem-2896	88	16	)	)	PUNCT
dem-2896	89	1	α	α	PROPN
dem-2896	89	2	b	b	NOUN
dem-2896	89	3	α	α	PRON
dem-2896	89	4	b	b	PROPN
dem-2896	89	5	ε	ε	PROPN
dem-2896	89	6	z	z	PROPN
dem-2896	89	7	,	,	PUNCT
dem-2896	89	8	f	f	PROPN
dem-2896	89	9	n	n	PROPN
dem-2896	89	10	z	z	PROPN
dem-2896	89	11	n	n	PROPN
dem-2896	89	12	σ	σ	PROPN
dem-2896	89	13	ε	ε	PROPN
dem-2896	89	14	σ	σ	NUM
dem-2896	89	15	−	−	PROPN
dem-2896	89	16	−	−	PROPN
dem-2896	89	17	−	−	NOUN
dem-2896	89	18	−	−	PROPN
dem-2896	90	1	+	+	CCONJ
dem-2896	91	1	+	+	PUNCT
dem-2896	91	2	+	+	X
dem-2896	91	3	=	=	SYM
dem-2896	91	4	+	+	CCONJ
dem-2896	91	5	⋅	⋅	PROPN
dem-2896	91	6	−	−	PROPN
dem-2896	91	7	−	−	NOUN
dem-2896	91	8	−	−	PROPN
dem-2896	92	1	=	=	SYM
dem-2896	92	2	⋅	⋅	X
dem-2896	92	3	(	(	PUNCT
dem-2896	92	4	2	2	NUM
dem-2896	92	5	)	)	PUNCT
dem-2896	92	6	,	,	PUNCT
dem-2896	92	7	]	]	X
dem-2896	92	8	[	[	PUNCT
dem-2896	92	9	)	)	PUNCT
dem-2896	92	10	ze(zγzθ)g(z	ze(zγzθ)g(z	PROPN
dem-2896	92	11	tttt	tttt	NOUN
dem-2896	92	12	−⋅+⋅=	−⋅+⋅=	X
dem-2896	92	13	(	(	PUNCT
dem-2896	92	14	3	3	NUM
dem-2896	92	15	)	)	PUNCT
dem-2896	92	16	where	where	SCONJ
dem-2896	92	17	:	:	PUNCT
dem-2896	92	18	)	)	PUNCT
dem-2896	92	19	(	(	PUNCT
dem-2896	92	20	1−=	1−=	PROPN
dem-2896	92	21	ttt	ttt	PROPN
dem-2896	92	22	frvarσ	frvarσ	PROPN
dem-2896	92	23	is	be	AUX
dem-2896	92	24	the	the	DET
dem-2896	92	25	conditional	conditional	ADJ
dem-2896	92	26	variance	variance	NOUN
dem-2896	92	27	of	of	ADP
dem-2896	92	28	tr	tr	VERB
dem-2896	92	29	given	give	VERB
dem-2896	92	30	the	the	DET
dem-2896	92	31	past	past	ADJ
dem-2896	92	32	information	information	NOUN
dem-2896	92	33	1−tf	1−tf	NUM
dem-2896	92	34	,	,	PUNCT
dem-2896	92	35	0α	0α	PROPN
dem-2896	92	36	is	be	AUX
dem-2896	92	37	a	a	DET
dem-2896	92	38	constant	constant	ADJ
dem-2896	92	39	,	,	PUNCT
dem-2896	92	40	b	b	PROPN
dem-2896	92	41	is	be	AUX
dem-2896	92	42	the	the	DET
dem-2896	92	43	back	back	ADJ
dem-2896	92	44	-	-	PUNCT
dem-2896	92	45	shift	shift	NOUN
dem-2896	92	46	(	(	PUNCT
dem-2896	92	47	or	or	CCONJ
dem-2896	92	48	lag	lag	NOUN
dem-2896	92	49	)	)	PUNCT
dem-2896	92	50	operator	operator	NOUN
dem-2896	92	51	such	such	ADJ
dem-2896	92	52	that	that	PRON
dem-2896	92	53	)	)	PUNCT
dem-2896	93	1	g(z)bg(z	g(z)bg(z	ADP
dem-2896	93	2	tt	tt	PROPN
dem-2896	93	3	1−=	1−=	NUM
dem-2896	93	4	,	,	PUNCT
dem-2896	93	5	1	1	NUM
dem-2896	93	6	111	111	NUM
dem-2896	93	7	−	−	PROPN
dem-2896	93	8	−+++	−+++	NUM
dem-2896	93	9	q	q	NOUN
dem-2896	93	10	q	q	PROPN
dem-2896	93	11	bβbβ	bβbβ	NOUN
dem-2896	93	12	and	and	CCONJ
dem-2896	93	13	p	p	NOUN
dem-2896	93	14	pbαbα	pbαbα	NOUN
dem-2896	93	15	−−−	−−−	X
dem-2896	93	16	11	11	NUM
dem-2896	93	17	are	be	AUX
dem-2896	93	18	polynomials	polynomial	NOUN
dem-2896	93	19	with	with	ADP
dem-2896	93	20	zeros	zero	NOUN
dem-2896	93	21	outside	outside	ADP
dem-2896	93	22	the	the	DET
dem-2896	93	23	unit	unit	NOUN
dem-2896	93	24	circle	circle	NOUN
dem-2896	93	25	and	and	CCONJ
dem-2896	93	26	have	have	VERB
dem-2896	93	27	no	no	DET
dem-2896	93	28	common	common	ADJ
dem-2896	93	29	factors	factor	NOUN
dem-2896	93	30	.	.	PUNCT
dem-2896	94	1	the	the	DET
dem-2896	94	2	value	value	NOUN
dem-2896	94	3	of	of	ADP
dem-2896	94	4	)	)	PUNCT
dem-2896	94	5	g(zt	g(zt	NOUN
dem-2896	94	6	depends	depend	VERB
dem-2896	94	7	on	on	ADP
dem-2896	94	8	several	several	ADJ
dem-2896	94	9	elements	element	NOUN
dem-2896	94	10	.	.	PUNCT
dem-2896	95	1	nelson	nelson	PROPN
dem-2896	95	2	(	(	PUNCT
dem-2896	95	3	1991	1991	NUM
dem-2896	95	4	)	)	PUNCT
dem-2896	95	5	points	point	VERB
dem-2896	95	6	out	out	ADP
dem-2896	95	7	that	that	SCONJ
dem-2896	95	8	to	to	PART
dem-2896	95	9	accommodate	accommodate	VERB
dem-2896	95	10	the	the	DET
dem-2896	95	11	asymmetric	asymmetric	ADJ
dem-2896	95	12	relation	relation	NOUN
dem-2896	95	13	between	between	ADP
dem-2896	95	14	stock	stock	NOUN
dem-2896	95	15	returns	return	NOUN
dem-2896	95	16	and	and	CCONJ
dem-2896	95	17	volatility	volatility	NOUN
dem-2896	95	18	changes	change	NOUN
dem-2896	95	19	,	,	PUNCT
dem-2896	95	20	the	the	DET
dem-2896	95	21	value	value	NOUN
dem-2896	95	22	of	of	ADP
dem-2896	95	23	)	)	PUNCT
dem-2896	95	24	g(zt	g(zt	NOUN
dem-2896	95	25	must	must	AUX
dem-2896	95	26	be	be	AUX
dem-2896	95	27	a	a	DET
dem-2896	95	28	function	function	NOUN
dem-2896	95	29	of	of	ADP
dem-2896	95	30	both	both	CCONJ
dem-2896	95	31	the	the	DET
dem-2896	95	32	magnitude	magnitude	NOUN
dem-2896	95	33	and	and	CCONJ
dem-2896	95	34	the	the	DET
dem-2896	95	35	sign	sign	NOUN
dem-2896	95	36	of	of	ADP
dem-2896	95	37	tz	tz	PROPN
dem-2896	95	38	.	.	PUNCT
dem-2896	96	1	in	in	ADP
dem-2896	96	2	eq	eq	ADP
dem-2896	96	3	.	.	PUNCT
dem-2896	97	1	(	(	PUNCT
dem-2896	97	2	3	3	NUM
dem-2896	97	3	)	)	PUNCT
dem-2896	97	4	,	,	PUNCT
dem-2896	97	5	)	)	PUNCT
dem-2896	97	6	g(zt	g(zt	PROPN
dem-2896	97	7	is	be	AUX
dem-2896	97	8	a	a	DET
dem-2896	97	9	linear	linear	ADJ
dem-2896	97	10	combination	combination	NOUN
dem-2896	97	11	of	of	ADP
dem-2896	97	12	tz	tz	PROPN
dem-2896	97	13	and	and	CCONJ
dem-2896	97	14	)	)	PUNCT
dem-2896	98	1	]	]	X
dem-2896	98	2	[	[	PUNCT
dem-2896	98	3	tt	tt	X
dem-2896	98	4	ze(z	ze(z	VERB
dem-2896	98	5	−	−	PROPN
dem-2896	98	6	with	with	ADP
dem-2896	98	7	coefficients	coefficient	NOUN
dem-2896	98	8	θ	θ	PROPN
dem-2896	98	9	and	and	CCONJ
dem-2896	98	10	γ	γ	X
dem-2896	98	11	.	.	PUNCT
dem-2896	99	1	the	the	DET
dem-2896	99	2	term	term	NOUN
dem-2896	99	3	in	in	ADP
dem-2896	99	4	the	the	DET
dem-2896	99	5	bracket	bracket	NOUN
dem-2896	99	6	measures	measure	NOUN
dem-2896	99	7	the	the	DET
dem-2896	99	8	magnitude	magnitude	NOUN
dem-2896	99	9	effects	effect	NOUN
dem-2896	99	10	and	and	CCONJ
dem-2896	99	11	the	the	DET
dem-2896	99	12	coefficient	coefficient	NOUN
dem-2896	99	13	γ	γ	PROPN
dem-2896	99	14	relates	relate	VERB
dem-2896	99	15	lagged	lag	VERB
dem-2896	99	16	standardized	standardized	ADJ
dem-2896	99	17	innovations	innovation	NOUN
dem-2896	99	18	to	to	ADP
dem-2896	99	19	volatility	volatility	NOUN
dem-2896	99	20	in	in	ADP
dem-2896	99	21	a	a	DET
dem-2896	99	22	symmetric	symmetric	ADJ
dem-2896	99	23	way	way	NOUN
dem-2896	99	24	.	.	PUNCT
dem-2896	100	1	the	the	DET
dem-2896	100	2	term	term	NOUN
dem-2896	100	3	tz⋅θ	tz⋅θ	X
dem-2896	100	4	measures	measure	VERB
dem-2896	100	5	the	the	DET
dem-2896	100	6	sign	sign	PROPN
dem-2896	100	7	asymmetric	asymmetric	ADJ
dem-2896	100	8	impact	impact	NOUN
dem-2896	100	9	of	of	ADP
dem-2896	100	10	innovations	innovation	NOUN
dem-2896	100	11	on	on	ADP
dem-2896	100	12	volatility	volatility	NOUN
dem-2896	100	13	…	…	PUNCT
dem-2896	100	14	dynamic	dynamic	ADJ
dem-2896	100	15	econometric	econometric	ADJ
dem-2896	100	16	models	model	NOUN
dem-2896	100	17	13	13	NUM
dem-2896	100	18	(	(	PUNCT
dem-2896	100	19	2013	2013	NUM
dem-2896	100	20	)	)	PUNCT
dem-2896	100	21	33–50	33–50	NUM
dem-2896	100	22	39	39	NUM
dem-2896	100	23	effects	effect	NOUN
dem-2896	100	24	and	and	CCONJ
dem-2896	100	25	the	the	DET
dem-2896	100	26	coefficient	coefficient	NOUN
dem-2896	100	27	θ	θ	PROPN
dem-2896	100	28	relates	relate	VERB
dem-2896	100	29	standardized	standardized	ADJ
dem-2896	100	30	shocks	shock	NOUN
dem-2896	100	31	to	to	ADP
dem-2896	100	32	volatility	volatility	NOUN
dem-2896	100	33	in	in	ADP
dem-2896	100	34	an	an	DET
dem-2896	100	35	asymmetric	asymmetric	ADJ
dem-2896	100	36	style	style	NOUN
dem-2896	100	37	.	.	PUNCT
dem-2896	101	1	∞−∞=	∞−∞=	VERB
dem-2896	101	2	,	,	PUNCT
dem-2896	101	3	}	}	PUNCT
dem-2896	101	4	{	{	PUNCT
dem-2896	101	5	tt	tt	PROPN
dem-2896	101	6	)	)	PUNCT
dem-2896	101	7	g(z	g(z	PROPN
dem-2896	101	8	is	be	AUX
dem-2896	101	9	an	an	DET
dem-2896	101	10	i.i.d	i.i.d	NOUN
dem-2896	101	11	.	.	PUNCT
dem-2896	102	1	random	random	ADJ
dem-2896	102	2	sequence	sequence	NOUN
dem-2896	102	3	with	with	ADP
dem-2896	102	4	mean	mean	NOUN
dem-2896	102	5	zero	zero	NUM
dem-2896	102	6	(	(	PUNCT
dem-2896	102	7	jane	jane	NOUN
dem-2896	102	8	,	,	PUNCT
dem-2896	102	9	ding	ding	NOUN
dem-2896	102	10	,	,	PUNCT
dem-2896	102	11	2009	2009	NUM
dem-2896	102	12	)	)	PUNCT
dem-2896	102	13	.	.	PUNCT
dem-2896	103	1	for	for	ADP
dem-2896	103	2	0	0	NUM
dem-2896	103	3	<	<	X
dem-2896	103	4	θ	θ	X
dem-2896	103	5	the	the	DET
dem-2896	103	6	future	future	ADJ
dem-2896	103	7	conditional	conditional	ADJ
dem-2896	103	8	variances	variance	NOUN
dem-2896	103	9	will	will	AUX
dem-2896	103	10	increase	increase	VERB
dem-2896	103	11	proportionally	proportionally	ADV
dem-2896	103	12	more	more	ADV
dem-2896	103	13	as	as	ADP
dem-2896	103	14	a	a	DET
dem-2896	103	15	result	result	NOUN
dem-2896	103	16	of	of	ADP
dem-2896	103	17	a	a	DET
dem-2896	103	18	negative	negative	ADJ
dem-2896	103	19	shock	shock	NOUN
dem-2896	103	20	than	than	ADP
dem-2896	103	21	for	for	ADP
dem-2896	103	22	a	a	DET
dem-2896	103	23	positive	positive	ADJ
dem-2896	103	24	shock	shock	NOUN
dem-2896	103	25	of	of	ADP
dem-2896	103	26	the	the	DET
dem-2896	103	27	same	same	ADJ
dem-2896	103	28	absolute	absolute	ADJ
dem-2896	103	29	magnitude	magnitude	NOUN
dem-2896	103	30	(	(	PUNCT
dem-2896	103	31	bollerslev	bollerslev	ADJ
dem-2896	103	32	,	,	PUNCT
dem-2896	103	33	mikkelsen	mikkelsen	NOUN
dem-2896	103	34	,	,	PUNCT
dem-2896	103	35	1996	1996	NUM
dem-2896	103	36	)	)	PUNCT
dem-2896	103	37	.	.	PUNCT
dem-2896	104	1	both	both	DET
dem-2896	104	2	tz	tz	PROPN
dem-2896	104	3	and	and	CCONJ
dem-2896	104	4	)	)	PUNCT
dem-2896	104	5	]	]	X
dem-2896	104	6	[	[	PUNCT
dem-2896	104	7	tt	tt	X
dem-2896	104	8	ze(z	ze(z	PROPN
dem-2896	104	9	−	−	PROPN
dem-2896	104	10	are	be	AUX
dem-2896	104	11	zero	zero	NUM
dem-2896	104	12	mean	mean	NOUN
dem-2896	104	13	i.i.d	i.i.d	ADJ
dem-2896	104	14	.	.	PUNCT
dem-2896	105	1	random	random	ADJ
dem-2896	105	2	sequences	sequence	NOUN
dem-2896	105	3	with	with	ADP
dem-2896	105	4	continuous	continuous	ADJ
dem-2896	105	5	distributions	distribution	NOUN
dem-2896	105	6	.	.	PUNCT
dem-2896	106	1	the	the	DET
dem-2896	106	2	asymmetry	asymmetry	NOUN
dem-2896	106	3	of	of	ADP
dem-2896	106	4	)	)	PUNCT
dem-2896	106	5	g(zt	g(zt	PROPN
dem-2896	106	6	can	can	AUX
dem-2896	106	7	be	be	AUX
dem-2896	106	8	easily	easily	ADV
dem-2896	106	9	seen	see	VERB
dem-2896	106	10	by	by	ADP
dem-2896	106	11	rewriting	rewrite	VERB
dem-2896	106	12	it	it	PRON
dem-2896	106	13	as	as	ADP
dem-2896	106	14	:	:	PUNCT
dem-2896	106	15	⎩	⎩	NUM
dem-2896	106	16	⎨	⎨	ADJ
dem-2896	106	17	⎧	⎧	PROPN
dem-2896	107	1	<	<	X
dem-2896	107	2	⋅−⋅−	⋅−⋅−	PROPN
dem-2896	107	3	≥⋅−⋅+	≥⋅−⋅+	PROPN
dem-2896	107	4	=	=	SYM
dem-2896	107	5	.0	.0	PROPN
dem-2896	107	6	)	)	PUNCT
dem-2896	107	7	(	(	PUNCT
dem-2896	107	8	,	,	PUNCT
dem-2896	107	9	0	0	NUM
dem-2896	107	10	)	)	PUNCT
dem-2896	107	11	(	(	PUNCT
dem-2896	107	12	ttt	ttt	PROPN
dem-2896	107	13	ttt	ttt	PROPN
dem-2896	107	14	t	t	PROPN
dem-2896	107	15	zif)ze(γzθ	zif)ze(γzθ	PROPN
dem-2896	107	16	zif)ze(γzθ	zif)ze(γzθ	PROPN
dem-2896	107	17	)	)	PUNCT
dem-2896	108	1	g(z	g(z	ADV
dem-2896	108	2	γ	γ	X
dem-2896	108	3	γ	γ	X
dem-2896	108	4	(	(	PUNCT
dem-2896	108	5	4	4	NUM
dem-2896	108	6	)	)	PUNCT
dem-2896	108	7	since	since	SCONJ
dem-2896	108	8	egarch(p	egarch(p	PROPN
dem-2896	108	9	,	,	PUNCT
dem-2896	108	10	q	q	NOUN
dem-2896	108	11	)	)	PUNCT
dem-2896	108	12	=	=	PUNCT
dem-2896	108	13	egarch(1	egarch(1	PROPN
dem-2896	108	14	,	,	PUNCT
dem-2896	108	15	1	1	NUM
dem-2896	108	16	)	)	PUNCT
dem-2896	108	17	is	be	AUX
dem-2896	108	18	a	a	DET
dem-2896	108	19	simple	simple	ADJ
dem-2896	108	20	case	case	NOUN
dem-2896	108	21	,	,	PUNCT
dem-2896	108	22	eq	eq	NOUN
dem-2896	108	23	.	.	PUNCT
dem-2896	109	1	(	(	PUNCT
dem-2896	109	2	2	2	X
dem-2896	109	3	)	)	PUNCT
dem-2896	109	4	becomes	become	VERB
dem-2896	109	5	:	:	PUNCT
dem-2896	109	6	,	,	PUNCT
dem-2896	109	7	1ln1	1ln1	NUM
dem-2896	109	8	101	101	NUM
dem-2896	109	9	2	2	NUM
dem-2896	109	10	1	1	NUM
dem-2896	109	11	)	)	PUNCT
dem-2896	109	12	g(zαb)α()(σb)α	g(zαb)α()(σb)α	PROPN
dem-2896	109	13	(	(	PUNCT
dem-2896	109	14	tt	tt	PROPN
dem-2896	109	15	−+⋅−=⋅−	−+⋅−=⋅−	PROPN
dem-2896	109	16	(	(	PUNCT
dem-2896	109	17	5	5	NUM
dem-2896	109	18	)	)	PUNCT
dem-2896	109	19	eq	eq	NOUN
dem-2896	109	20	.	.	PUNCT
dem-2896	110	1	(	(	PUNCT
dem-2896	110	2	5	5	X
dem-2896	110	3	)	)	PUNCT
dem-2896	110	4	can	can	AUX
dem-2896	110	5	be	be	AUX
dem-2896	110	6	rewritten	rewrite	VERB
dem-2896	110	7	(	(	PUNCT
dem-2896	110	8	subscript	subscript	NOUN
dem-2896	110	9	of	of	ADP
dem-2896	110	10	1α	1α	NUM
dem-2896	110	11	is	be	AUX
dem-2896	110	12	omitted	omit	VERB
dem-2896	110	13	)	)	PUNCT
dem-2896	110	14	and	and	CCONJ
dem-2896	110	15	then	then	ADV
dem-2896	110	16	:	:	PUNCT
dem-2896	110	17	,	,	PUNCT
dem-2896	110	18	lnln	lnln	NOUN
dem-2896	110	19	1	1	NUM
dem-2896	110	20	2	2	NUM
dem-2896	110	21	10	10	NUM
dem-2896	110	22	2	2	NUM
dem-2896	110	23	)	)	PUNCT
dem-2896	110	24	g(z)(σαα)(σ	g(z)(σαα)(σ	VERB
dem-2896	110	25	tt	tt	PROPN
dem-2896	110	26	*	*	PUNCT
dem-2896	110	27	t	t	PROPN
dem-2896	110	28	−−	−−	NOUN
dem-2896	110	29	+	+	PROPN
dem-2896	110	30	⋅+=	⋅+=	PUNCT
dem-2896	110	31	(	(	PUNCT
dem-2896	110	32	6	6	NUM
dem-2896	110	33	)	)	PUNCT
dem-2896	110	34	where	where	SCONJ
dem-2896	110	35	.0	.0	NUM
dem-2896	110	36	constα	constα	NOUN
dem-2896	110	37	*	*	PUNCT
dem-2896	111	1	=	=	PUNCT
dem-2896	111	2	the	the	DET
dem-2896	111	3	parameter	parameter	NOUN
dem-2896	111	4	α	α	PROPN
dem-2896	111	5	in	in	ADP
dem-2896	111	6	eq	eq	ADP
dem-2896	111	7	.	.	PUNCT
dem-2896	112	1	(	(	PUNCT
dem-2896	112	2	6	6	NUM
dem-2896	112	3	)	)	PUNCT
dem-2896	112	4	determines	determine	VERB
dem-2896	112	5	the	the	DET
dem-2896	112	6	influence	influence	NOUN
dem-2896	112	7	of	of	ADP
dem-2896	112	8	the	the	DET
dem-2896	112	9	past	past	ADJ
dem-2896	112	10	conditional	conditional	ADJ
dem-2896	112	11	volatility	volatility	NOUN
dem-2896	112	12	on	on	ADP
dem-2896	112	13	the	the	DET
dem-2896	112	14	current	current	ADJ
dem-2896	112	15	conditional	conditional	ADJ
dem-2896	112	16	volatility	volatility	NOUN
dem-2896	112	17	.	.	PUNCT
dem-2896	113	1	for	for	SCONJ
dem-2896	113	2	the	the	DET
dem-2896	113	3	conditional	conditional	ADJ
dem-2896	113	4	volatility	volatility	NOUN
dem-2896	113	5	process	process	NOUN
dem-2896	113	6	to	to	PART
dem-2896	113	7	be	be	AUX
dem-2896	113	8	stationary	stationary	ADJ
dem-2896	113	9	,	,	PUNCT
dem-2896	113	10	1	1	NUM
dem-2896	113	11	<	<	X
dem-2896	113	12	α	α	PRON
dem-2896	113	13	is	be	AUX
dem-2896	113	14	required	require	VERB
dem-2896	113	15	.	.	PUNCT
dem-2896	114	1	the	the	DET
dem-2896	114	2	persistence	persistence	NOUN
dem-2896	114	3	of	of	ADP
dem-2896	114	4	volatility	volatility	NOUN
dem-2896	114	5	may	may	AUX
dem-2896	114	6	be	be	AUX
dem-2896	114	7	also	also	ADV
dem-2896	114	8	quantified	quantify	VERB
dem-2896	114	9	by	by	ADP
dem-2896	114	10	examination	examination	NOUN
dem-2896	114	11	of	of	ADP
dem-2896	114	12	the	the	DET
dem-2896	114	13	half	half	ADJ
dem-2896	114	14	–	–	PUNCT
dem-2896	114	15	life	life	NOUN
dem-2896	114	16	(	(	PUNCT
dem-2896	114	17	hl	hl	NOUN
dem-2896	114	18	)	)	PUNCT
dem-2896	114	19	defined	define	VERB
dem-2896	114	20	by	by	ADP
dem-2896	114	21	:	:	PUNCT
dem-2896	114	22	α	α	NOUN
dem-2896	114	23	)	)	PUNCT
dem-2896	114	24	.(hl	.(hl	PUNCT
dem-2896	115	1	ln	ln	ADJ
dem-2896	115	2	50ln	50ln	NOUN
dem-2896	116	1	=	=	PUNCT
dem-2896	117	1	(	(	PUNCT
dem-2896	117	2	7	7	X
dem-2896	117	3	)	)	PUNCT
dem-2896	117	4	which	which	PRON
dem-2896	117	5	measures	measure	VERB
dem-2896	117	6	the	the	DET
dem-2896	117	7	time	time	NOUN
dem-2896	117	8	period	period	NOUN
dem-2896	117	9	required	require	VERB
dem-2896	117	10	for	for	ADP
dem-2896	117	11	the	the	DET
dem-2896	117	12	innovations	innovation	NOUN
dem-2896	117	13	to	to	PART
dem-2896	117	14	be	be	AUX
dem-2896	117	15	reduced	reduce	VERB
dem-2896	117	16	to	to	ADP
dem-2896	117	17	one	one	NUM
dem-2896	117	18	–	–	PUNCT
dem-2896	117	19	half	half	NOUN
dem-2896	117	20	of	of	ADP
dem-2896	117	21	their	their	PRON
dem-2896	117	22	original	original	ADJ
dem-2896	117	23	size	size	NOUN
dem-2896	117	24	.	.	PUNCT
dem-2896	118	1	an	an	DET
dem-2896	118	2	additional	additional	ADJ
dem-2896	118	3	advantage	advantage	NOUN
dem-2896	118	4	of	of	ADP
dem-2896	118	5	the	the	DET
dem-2896	118	6	egarch	egarch	NOUN
dem-2896	118	7	model	model	NOUN
dem-2896	118	8	is	be	AUX
dem-2896	118	9	that	that	SCONJ
dem-2896	118	10	no	no	DET
dem-2896	118	11	parameter	parameter	NOUN
dem-2896	118	12	restrictions	restriction	NOUN
dem-2896	118	13	are	be	AUX
dem-2896	118	14	required	require	VERB
dem-2896	118	15	to	to	PART
dem-2896	118	16	insure	insure	VERB
dem-2896	118	17	positive	positive	ADJ
dem-2896	118	18	variances	variance	NOUN
dem-2896	118	19	at	at	ADP
dem-2896	118	20	all	all	DET
dem-2896	118	21	times	time	NOUN
dem-2896	118	22	(	(	PUNCT
dem-2896	118	23	fiszeder	fiszeder	NOUN
dem-2896	118	24	,	,	PUNCT
dem-2896	118	25	2009	2009	NUM
dem-2896	118	26	)	)	PUNCT
dem-2896	118	27	.	.	PUNCT
dem-2896	119	1	let	let	VERB
dem-2896	119	2	ti	ti	PRON
dem-2896	119	3	ti	ti	NOUN
dem-2896	119	4	ti	ti	NOUN
dem-2896	119	5	o	o	NOUN
dem-2896	119	6	c	c	NOUN
dem-2896	119	7	r	r	NOUN
dem-2896	119	8	,	,	PUNCT
dem-2896	119	9	,	,	PUNCT
dem-2896	119	10	,	,	PUNCT
dem-2896	119	11	ln100	ln100	PROPN
dem-2896	119	12	⋅=	⋅=	PROPN
dem-2896	119	13	be	be	AUX
dem-2896	119	14	the	the	DET
dem-2896	119	15	open	open	ADJ
dem-2896	119	16	–	–	PUNCT
dem-2896	119	17	to	to	PART
dem-2896	119	18	–	–	PUNCT
dem-2896	119	19	close	close	VERB
dem-2896	119	20	percentage	percentage	NOUN
dem-2896	119	21	logarithmic	logarithmic	ADJ
dem-2896	119	22	return	return	NOUN
dem-2896	119	23	at	at	ADP
dem-2896	119	24	time	time	NOUN
dem-2896	119	25	t	t	PROPN
dem-2896	119	26	for	for	ADP
dem-2896	119	27	market	market	NOUN
dem-2896	120	1	i	i	PRON
dem-2896	120	2	(	(	PUNCT
dem-2896	120	3	4,3,2,1	4,3,2,1	NUM
dem-2896	120	4	=	=	NOUN
dem-2896	120	5	i	i	PROPN
dem-2896	120	6	,	,	PUNCT
dem-2896	120	7	where	where	SCONJ
dem-2896	120	8	1	1	X
dem-2896	120	9	=	=	SYM
dem-2896	120	10	new	new	PROPN
dem-2896	120	11	york	york	PROPN
dem-2896	120	12	,	,	PUNCT
dem-2896	120	13	2	2	NUM
dem-2896	120	14	=	=	SYM
dem-2896	120	15	warsaw	warsaw	PROPN
dem-2896	120	16	,	,	PUNCT
dem-2896	120	17	joanna	joanna	PROPN
dem-2896	120	18	olbryś	olbryś	PROPN
dem-2896	120	19	dynamic	dynamic	ADJ
dem-2896	120	20	econometric	econometric	ADJ
dem-2896	120	21	models	model	NOUN
dem-2896	120	22	13	13	NUM
dem-2896	120	23	(	(	PUNCT
dem-2896	120	24	2013	2013	NUM
dem-2896	120	25	)	)	PUNCT
dem-2896	120	26	33–50	33–50	NUM
dem-2896	120	27	40	40	NUM
dem-2896	120	28	3	3	NUM
dem-2896	120	29	=	=	NOUN
dem-2896	120	30	prague	prague	NOUN
dem-2896	120	31	,	,	PUNCT
dem-2896	120	32	and	and	CCONJ
dem-2896	120	33	4	4	NUM
dem-2896	120	34	=	=	NOUN
dem-2896	120	35	budapest	budapest	NOUN
dem-2896	120	36	)	)	PUNCT
dem-2896	120	37	.	.	PUNCT
dem-2896	121	1	then	then	ADV
dem-2896	121	2	,	,	PUNCT
dem-2896	121	3	the	the	DET
dem-2896	121	4	univariate	univariate	ADJ
dem-2896	121	5	ar(1)–egarch(1	ar(1)–egarch(1	PROPN
dem-2896	121	6	,	,	PUNCT
dem-2896	121	7	1	1	X
dem-2896	121	8	)	)	PUNCT
dem-2896	121	9	model	model	NOUN
dem-2896	121	10	for	for	ADP
dem-2896	121	11	market	market	NOUN
dem-2896	121	12	i	i	PRON
dem-2896	121	13	may	may	AUX
dem-2896	121	14	be	be	AUX
dem-2896	121	15	written	write	VERB
dem-2896	121	16	as	as	SCONJ
dem-2896	121	17	follows	follow	VERB
dem-2896	121	18	:	:	PUNCT
dem-2896	121	19	.)ze(zγzθ)(σαα)(σ	.)ze(zγzθ)(σαα)(σ	NUM
dem-2896	121	20	,	,	PUNCT
dem-2896	121	21	εrr	εrr	NOUN
dem-2896	121	22	ttitii	ttitii	NOUN
dem-2896	121	23	,	,	PUNCT
dem-2896	121	24	ti	ti	PROPN
dem-2896	121	25	*	*	PUNCT
dem-2896	121	26	i	i	PROPN
dem-2896	121	27	,	,	PUNCT
dem-2896	121	28	i	i	PRON
dem-2896	121	29	,	,	PUNCT
dem-2896	121	30	t	t	PROPN
dem-2896	121	31	i	i	PRON
dem-2896	121	32	,	,	PUNCT
dem-2896	121	33	ti	ti	PROPN
dem-2896	121	34	,	,	PUNCT
dem-2896	121	35	tii	tii	PROPN
dem-2896	121	36	,	,	PUNCT
dem-2896	121	37	i	i	PRON
dem-2896	121	38	,	,	PUNCT
dem-2896	121	39	t	t	X
dem-2896	121	40	]	]	X
dem-2896	121	41	[	[	X
dem-2896	121	42	lnln	lnln	NOUN
dem-2896	121	43	2	2	NUM
dem-2896	121	44	10	10	NUM
dem-2896	121	45	2	2	NUM
dem-2896	121	46	10	10	NUM
dem-2896	121	47	−⋅+⋅+⋅+=	−⋅+⋅+⋅+=	NOUN
dem-2896	121	48	+	+	PROPN
dem-2896	121	49	+	+	NOUN
dem-2896	121	50	=	=	X
dem-2896	121	51	−	−	PROPN
dem-2896	121	52	−ϕϕ	−ϕϕ	NOUN
dem-2896	121	53	(	(	PUNCT
dem-2896	121	54	8)	8)	NUM
dem-2896	121	55	2	2	NUM
dem-2896	121	56	.	.	PUNCT
dem-2896	121	57	empirical	empirical	ADJ
dem-2896	121	58	results	result	NOUN
dem-2896	121	59	2.1	2.1	NUM
dem-2896	121	60	.	.	PUNCT
dem-2896	122	1	data	datum	NOUN
dem-2896	122	2	description	description	NOUN
dem-2896	122	3	and	and	CCONJ
dem-2896	122	4	preliminary	preliminary	ADJ
dem-2896	122	5	statistics	statistic	NOUN
dem-2896	122	6	the	the	DET
dem-2896	122	7	raw	raw	ADJ
dem-2896	122	8	data	data	NOUN
dem-2896	122	9	consists	consist	VERB
dem-2896	122	10	of	of	ADP
dem-2896	122	11	daily	daily	ADJ
dem-2896	122	12	opening	opening	NOUN
dem-2896	122	13	and	and	CCONJ
dem-2896	122	14	closing	closing	NOUN
dem-2896	122	15	prices	price	NOUN
dem-2896	122	16	of	of	ADP
dem-2896	122	17	major	major	ADJ
dem-2896	122	18	stock	stock	NOUN
dem-2896	122	19	market	market	NOUN
dem-2896	122	20	indexes	index	NOUN
dem-2896	122	21	for	for	ADP
dem-2896	122	22	new	new	PROPN
dem-2896	122	23	york	york	PROPN
dem-2896	122	24	(	(	PUNCT
dem-2896	122	25	s&p	s&p	PROPN
dem-2896	122	26	500	500	NUM
dem-2896	122	27	index	index	NOUN
dem-2896	122	28	)	)	PUNCT
dem-2896	122	29	,	,	PUNCT
dem-2896	122	30	warsaw	warsaw	PROPN
dem-2896	122	31	(	(	PUNCT
dem-2896	122	32	wig	wig	NOUN
dem-2896	122	33	index	index	NOUN
dem-2896	122	34	)	)	PUNCT
dem-2896	122	35	,	,	PUNCT
dem-2896	122	36	prague	prague	NOUN
dem-2896	122	37	(	(	PUNCT
dem-2896	122	38	px	px	PROPN
dem-2896	122	39	index	index	NOUN
dem-2896	122	40	)	)	PUNCT
dem-2896	122	41	,	,	PUNCT
dem-2896	122	42	and	and	CCONJ
dem-2896	122	43	budapest	budapest	PROPN
dem-2896	122	44	(	(	PUNCT
dem-2896	122	45	bux	bux	NOUN
dem-2896	122	46	index	index	PROPN
dem-2896	122	47	)	)	PUNCT
dem-2896	122	48	.	.	PUNCT
dem-2896	123	1	as	as	SCONJ
dem-2896	123	2	mentioned	mention	VERB
dem-2896	123	3	in	in	ADP
dem-2896	123	4	introduction	introduction	NOUN
dem-2896	123	5	,	,	PUNCT
dem-2896	123	6	the	the	DET
dem-2896	123	7	main	main	ADJ
dem-2896	123	8	goal	goal	NOUN
dem-2896	123	9	was	be	AUX
dem-2896	123	10	to	to	PART
dem-2896	123	11	obtain	obtain	VERB
dem-2896	123	12	the	the	DET
dem-2896	123	13	overlapping	overlap	VERB
dem-2896	123	14	information	information	NOUN
dem-2896	123	15	set	set	VERB
dem-2896	123	16	in	in	ADP
dem-2896	123	17	the	the	DET
dem-2896	123	18	case	case	NOUN
dem-2896	123	19	of	of	ADP
dem-2896	123	20	the	the	DET
dem-2896	123	21	ceec–3	ceec–3	NOUN
dem-2896	123	22	markets	market	NOUN
dem-2896	123	23	,	,	PUNCT
dem-2896	123	24	as	as	SCONJ
dem-2896	123	25	we	we	PRON
dem-2896	123	26	tested	test	VERB
dem-2896	123	27	the	the	DET
dem-2896	123	28	impact	impact	NOUN
dem-2896	123	29	of	of	ADP
dem-2896	123	30	common	common	ADJ
dem-2896	123	31	‘	'	PUNCT
dem-2896	123	32	bad	bad	ADJ
dem-2896	123	33	’	'	PUNCT
dem-2896	123	34	and	and	CCONJ
dem-2896	123	35	‘	'	PUNCT
dem-2896	123	36	good	good	ADJ
dem-2896	123	37	’	'	PUNCT
dem-2896	123	38	news	news	NOUN
dem-2896	123	39	.	.	PUNCT
dem-2896	124	1	we	we	PRON
dem-2896	124	2	used	use	VERB
dem-2896	124	3	the	the	DET
dem-2896	124	4	‘	'	PUNCT
dem-2896	124	5	common	common	ADJ
dem-2896	124	6	trading	trading	NOUN
dem-2896	124	7	window	window	NOUN
dem-2896	124	8	’	'	PUNCT
dem-2896	124	9	procedure	procedure	NOUN
dem-2896	124	10	and	and	CCONJ
dem-2896	124	11	removed	remove	VERB
dem-2896	124	12	the	the	DET
dem-2896	124	13	data	datum	NOUN
dem-2896	124	14	for	for	ADP
dem-2896	124	15	those	those	DET
dem-2896	124	16	dates	date	NOUN
dem-2896	124	17	when	when	SCONJ
dem-2896	124	18	any	any	DET
dem-2896	124	19	series	series	NOUN
dem-2896	124	20	has	have	VERB
dem-2896	124	21	a	a	DET
dem-2896	124	22	missing	miss	VERB
dem-2896	124	23	value	value	NOUN
dem-2896	124	24	due	due	ADP
dem-2896	124	25	to	to	ADP
dem-2896	124	26	no	no	DET
dem-2896	124	27	trading	trading	NOUN
dem-2896	124	28	.	.	PUNCT
dem-2896	125	1	thus	thus	ADV
dem-2896	125	2	all	all	DET
dem-2896	125	3	the	the	DET
dem-2896	125	4	data	datum	NOUN
dem-2896	125	5	are	be	AUX
dem-2896	125	6	collected	collect	VERB
dem-2896	125	7	for	for	ADP
dem-2896	125	8	the	the	DET
dem-2896	125	9	same	same	ADJ
dem-2896	125	10	dates	date	NOUN
dem-2896	125	11	across	across	ADP
dem-2896	125	12	the	the	DET
dem-2896	125	13	four	four	NUM
dem-2896	125	14	markets	market	NOUN
dem-2896	125	15	and	and	CCONJ
dem-2896	125	16	finally	finally	ADV
dem-2896	125	17	there	there	PRON
dem-2896	125	18	are	be	VERB
dem-2896	125	19	1181	1181	NUM
dem-2896	125	20	observations	observation	NOUN
dem-2896	125	21	for	for	ADP
dem-2896	125	22	each	each	DET
dem-2896	125	23	series	series	NOUN
dem-2896	125	24	for	for	ADP
dem-2896	125	25	the	the	DET
dem-2896	125	26	period	period	NOUN
dem-2896	125	27	beginning	begin	VERB
dem-2896	125	28	jan	jan	PROPN
dem-2896	125	29	3	3	NUM
dem-2896	125	30	,	,	PUNCT
dem-2896	125	31	2007	2007	NUM
dem-2896	125	32	and	and	CCONJ
dem-2896	125	33	ending	end	VERB
dem-2896	125	34	dec	dec	PROPN
dem-2896	125	35	30	30	NUM
dem-2896	125	36	,	,	PUNCT
dem-2896	125	37	2011	2011	NUM
dem-2896	125	38	.	.	PUNCT
dem-2896	126	1	since	since	SCONJ
dem-2896	126	2	ceec–3	ceec–3	NOUN
dem-2896	126	3	countries	country	NOUN
dem-2896	126	4	are	be	AUX
dem-2896	126	5	geographically	geographically	ADV
dem-2896	126	6	close	close	ADJ
dem-2896	126	7	,	,	PUNCT
dem-2896	126	8	the	the	DET
dem-2896	126	9	trading	trading	NOUN
dem-2896	126	10	hours	hour	NOUN
dem-2896	126	11	for	for	ADP
dem-2896	126	12	the	the	DET
dem-2896	126	13	markets	market	NOUN
dem-2896	126	14	are	be	AUX
dem-2896	126	15	about	about	ADV
dem-2896	126	16	the	the	DET
dem-2896	126	17	same	same	ADJ
dem-2896	126	18	.	.	PUNCT
dem-2896	127	1	trading	trading	NOUN
dem-2896	127	2	at	at	ADP
dem-2896	127	3	the	the	DET
dem-2896	127	4	wse	wse	NOUN
dem-2896	127	5	(	(	PUNCT
dem-2896	127	6	wig	wig	NOUN
dem-2896	127	7	index	index	NOUN
dem-2896	127	8	)	)	PUNCT
dem-2896	127	9	starts	start	VERB
dem-2896	127	10	at	at	ADP
dem-2896	127	11	9:00	9:00	NUM
dem-2896	127	12	a.m.	a.m.	NOUN
dem-2896	127	13	and	and	CCONJ
dem-2896	127	14	finishes	finish	VERB
dem-2896	127	15	at	at	ADP
dem-2896	127	16	5:40	5:40	NUM
dem-2896	127	17	p.m.	p.m.	NOUN
dem-2896	127	18	cet	cet	PROPN
dem-2896	127	19	(	(	PUNCT
dem-2896	127	20	central	central	ADJ
dem-2896	127	21	european	european	ADJ
dem-2896	127	22	time	time	NOUN
dem-2896	127	23	)	)	PUNCT
dem-2896	127	24	.	.	PUNCT
dem-2896	128	1	prague	prague	NOUN
dem-2896	128	2	(	(	PUNCT
dem-2896	128	3	px	px	PROPN
dem-2896	128	4	index	index	NOUN
dem-2896	128	5	)	)	PUNCT
dem-2896	128	6	trades	trade	NOUN
dem-2896	128	7	from	from	ADP
dem-2896	128	8	9:00	9:00	NUM
dem-2896	128	9	a.m.	a.m.	NOUN
dem-2896	128	10	to	to	ADP
dem-2896	128	11	4:30	4:30	NUM
dem-2896	128	12	p.m.	p.m.	NOUN
dem-2896	128	13	,	,	PUNCT
dem-2896	128	14	budapest	budapest	PROPN
dem-2896	128	15	(	(	PUNCT
dem-2896	128	16	bux	bux	NOUN
dem-2896	128	17	index	index	PROPN
dem-2896	128	18	)	)	PUNCT
dem-2896	128	19	trades	trade	VERB
dem-2896	128	20	from	from	ADP
dem-2896	128	21	9:00	9:00	NUM
dem-2896	128	22	a.m.	a.m.	NOUN
dem-2896	128	23	to	to	ADP
dem-2896	128	24	5:00	5:00	NUM
dem-2896	128	25	p.m.	p.m.	NOUN
dem-2896	128	26	while	while	SCONJ
dem-2896	128	27	the	the	DET
dem-2896	128	28	nyse	nyse	PROPN
dem-2896	128	29	(	(	PUNCT
dem-2896	128	30	s&p	s&p	PROPN
dem-2896	128	31	500	500	NUM
dem-2896	128	32	index	index	NOUN
dem-2896	128	33	)	)	PUNCT
dem-2896	128	34	trades	trade	NOUN
dem-2896	128	35	from	from	ADP
dem-2896	128	36	3:30	3:30	NUM
dem-2896	128	37	p.m.	p.m.	NOUN
dem-2896	128	38	to	to	ADP
dem-2896	128	39	10:00	10:00	NUM
dem-2896	128	40	p.m.	p.m.	NOUN
dem-2896	128	41	cet3	cet3	ADJ
dem-2896	128	42	.	.	PUNCT
dem-2896	129	1	the	the	DET
dem-2896	129	2	trading	trading	NOUN
dem-2896	129	3	overlap	overlap	NOUN
dem-2896	129	4	between	between	ADP
dem-2896	129	5	the	the	DET
dem-2896	129	6	ceec–3	ceec–3	PROPN
dem-2896	129	7	and	and	CCONJ
dem-2896	129	8	new	new	PROPN
dem-2896	129	9	york	york	PROPN
dem-2896	129	10	markets	market	NOUN
dem-2896	129	11	is	be	AUX
dem-2896	129	12	approximately	approximately	ADV
dem-2896	129	13	equal	equal	ADJ
dem-2896	129	14	to	to	ADP
dem-2896	129	15	one	one	NUM
dem-2896	129	16	and	and	CCONJ
dem-2896	129	17	a	a	DET
dem-2896	129	18	half	half	NOUN
dem-2896	129	19	hours	hour	NOUN
dem-2896	129	20	,	,	PUNCT
dem-2896	129	21	i.e.	i.e.	X
dem-2896	129	22	late	late	ADJ
dem-2896	129	23	trading	trading	NOUN
dem-2896	129	24	in	in	ADP
dem-2896	129	25	warsaw	warsaw	PROPN
dem-2896	129	26	,	,	PUNCT
dem-2896	129	27	prague	prague	PROPN
dem-2896	129	28	or	or	CCONJ
dem-2896	129	29	budapest	budapest	NOUN
dem-2896	129	30	corresponds	correspond	VERB
dem-2896	129	31	to	to	ADP
dem-2896	129	32	early	early	ADJ
dem-2896	129	33	trading	trading	NOUN
dem-2896	129	34	in	in	ADP
dem-2896	129	35	new	new	PROPN
dem-2896	129	36	york	york	PROPN
dem-2896	129	37	.	.	PUNCT
dem-2896	130	1	we	we	PRON
dem-2896	130	2	advocate	advocate	VERB
dem-2896	130	3	to	to	PART
dem-2896	130	4	use	use	VERB
dem-2896	130	5	daily	daily	ADV
dem-2896	130	6	open	open	ADJ
dem-2896	130	7	–	–	PUNCT
dem-2896	130	8	to	to	PART
dem-2896	130	9	–	–	PUNCT
dem-2896	130	10	close	close	VERB
dem-2896	130	11	logarithmic	logarithmic	ADJ
dem-2896	130	12	returns	return	NOUN
dem-2896	130	13	,	,	PUNCT
dem-2896	130	14	as	as	SCONJ
dem-2896	130	15	these	these	DET
dem-2896	130	16	returns	return	NOUN
dem-2896	130	17	inform	inform	VERB
dem-2896	130	18	about	about	ADP
dem-2896	130	19	the	the	DET
dem-2896	130	20	situation	situation	NOUN
dem-2896	130	21	on	on	ADP
dem-2896	130	22	a	a	DET
dem-2896	130	23	given	give	VERB
dem-2896	130	24	stock	stock	NOUN
dem-2896	130	25	market	market	NOUN
dem-2896	130	26	between	between	ADP
dem-2896	130	27	the	the	DET
dem-2896	130	28	opening	opening	NOUN
dem-2896	130	29	and	and	CCONJ
dem-2896	130	30	closing	closing	NOUN
dem-2896	130	31	time	time	NOUN
dem-2896	130	32	.	.	PUNCT
dem-2896	131	1	we	we	PRON
dem-2896	131	2	compute	compute	VERB
dem-2896	131	3	daily	daily	ADV
dem-2896	131	4	close	close	NOUN
dem-2896	131	5	–	–	PUNCT
dem-2896	131	6	to	to	PART
dem-2896	131	7	–	–	PUNCT
dem-2896	131	8	close	close	ADJ
dem-2896	131	9	,	,	PUNCT
dem-2896	131	10	close	close	ADJ
dem-2896	131	11	–	–	PUNCT
dem-2896	131	12	to	to	PART
dem-2896	131	13	–	–	PUNCT
dem-2896	131	14	open	open	ADJ
dem-2896	131	15	,	,	PUNCT
dem-2896	131	16	and	and	CCONJ
dem-2896	131	17	open	open	ADJ
dem-2896	131	18	–	–	PUNCT
dem-2896	131	19	to	to	PART
dem-2896	131	20	–	–	PUNCT
dem-2896	131	21	close	close	VERB
dem-2896	131	22	logarithmic	logarithmic	ADJ
dem-2896	131	23	returns	return	NOUN
dem-2896	131	24	for	for	ADP
dem-2896	131	25	the	the	DET
dem-2896	131	26	four	four	NUM
dem-2896	131	27	stock	stock	NOUN
dem-2896	131	28	indexes	index	NOUN
dem-2896	131	29	.	.	PUNCT
dem-2896	132	1	following	follow	VERB
dem-2896	132	2	hamao	hamao	PROPN
dem-2896	132	3	et	et	PROPN
dem-2896	132	4	al	al	PROPN
dem-2896	132	5	.	.	PROPN
dem-2896	133	1	(	(	PUNCT
dem-2896	133	2	1990	1990	NUM
dem-2896	133	3	)	)	PUNCT
dem-2896	133	4	,	,	PUNCT
dem-2896	133	5	we	we	PRON
dem-2896	133	6	divide	divide	VERB
dem-2896	133	7	daily	daily	ADV
dem-2896	133	8	close	close	NOUN
dem-2896	133	9	-	-	PUNCT
dem-2896	133	10	to	to	ADP
dem-2896	133	11	-	-	PUNCT
dem-2896	133	12	close	close	NOUN
dem-2896	133	13	(	(	PUNCT
dem-2896	133	14	c	c	NOUN
dem-2896	133	15	–	–	PUNCT
dem-2896	133	16	c	c	NOUN
dem-2896	133	17	)	)	PUNCT
dem-2896	133	18	logarithmic	logarithmic	ADJ
dem-2896	133	19	returns	return	NOUN
dem-2896	133	20	into	into	ADP
dem-2896	133	21	their	their	PRON
dem-2896	133	22	close	close	ADJ
dem-2896	133	23	–	–	PUNCT
dem-2896	133	24	to	to	PART
dem-2896	133	25	–	–	PUNCT
dem-2896	133	26	open	open	ADJ
dem-2896	133	27	(	(	PUNCT
dem-2896	133	28	c	c	NOUN
dem-2896	133	29	–	–	PUNCT
dem-2896	133	30	o	o	NOUN
dem-2896	133	31	)	)	PUNCT
dem-2896	133	32	and	and	CCONJ
dem-2896	133	33	open	open	ADJ
dem-2896	133	34	–	–	PUNCT
dem-2896	133	35	to	to	PART
dem-2896	133	36	–	–	PUNCT
dem-2896	133	37	close	close	VERB
dem-2896	133	38	(	(	PUNCT
dem-2896	133	39	o	o	NOUN
dem-2896	133	40	–	–	PUNCT
dem-2896	133	41	c	c	NOUN
dem-2896	133	42	)	)	PUNCT
dem-2896	133	43	components	component	NOUN
dem-2896	133	44	:	:	PUNCT
dem-2896	133	45	,	,	PUNCT
dem-2896	133	46	ln	ln	ADJ
dem-2896	133	47	1−	1−	NUM
dem-2896	133	48	=	=	SYM
dem-2896	133	49	−	−	PROPN
dem-2896	133	50	t	t	NOUN
dem-2896	133	51	t	t	PROPN
dem-2896	133	52	c	c	PROPN
dem-2896	133	53	ccc	ccc	PROPN
dem-2896	133	54	,	,	PUNCT
dem-2896	133	55	ln	ln	PROPN
dem-2896	133	56	1−	1−	NUM
dem-2896	133	57	=	=	SYM
dem-2896	133	58	−	−	PROPN
dem-2896	134	1	t	t	NOUN
dem-2896	134	2	t	t	PROPN
dem-2896	134	3	c	c	NOUN
dem-2896	134	4	ooc	ooc	NOUN
dem-2896	134	5	,	,	PUNCT
dem-2896	134	6	ln	ln	PROPN
dem-2896	134	7	t	t	PROPN
dem-2896	135	1	t	t	X
dem-2896	135	2	o	o	X
dem-2896	135	3	cco	cco	PROPN
dem-2896	135	4	=	=	PRON
dem-2896	135	5	−	−	PROPN
dem-2896	135	6	(	(	PUNCT
dem-2896	135	7	9	9	NUM
dem-2896	135	8	)	)	SYM
dem-2896	135	9	3	3	NUM
dem-2896	135	10	sources	source	NOUN
dem-2896	135	11	:	:	PUNCT
dem-2896	135	12	http://www.standardandpoors.com/	http://www.standardandpoors.com/	NOUN
dem-2896	135	13	;	;	PUNCT
dem-2896	135	14	http://www.gpw.pl/	http://www.gpw.pl/	NOUN
dem-2896	135	15	;	;	PUNCT
dem-2896	135	16	http://www.pse.cz/	http://www.pse.cz/	NUM
dem-2896	135	17	;	;	PUNCT
dem-2896	135	18	http://bse.hu/.	http://bse.hu/.	X
dem-2896	135	19	asymmetric	asymmetric	ADJ
dem-2896	135	20	impact	impact	NOUN
dem-2896	135	21	of	of	ADP
dem-2896	135	22	innovations	innovation	NOUN
dem-2896	135	23	on	on	ADP
dem-2896	135	24	volatility	volatility	NOUN
dem-2896	135	25	…	…	PUNCT
dem-2896	135	26	dynamic	dynamic	ADJ
dem-2896	135	27	econometric	econometric	ADJ
dem-2896	135	28	models	model	NOUN
dem-2896	135	29	13	13	NUM
dem-2896	135	30	(	(	PUNCT
dem-2896	135	31	2013	2013	NUM
dem-2896	135	32	)	)	PUNCT
dem-2896	135	33	33–50	33–50	NUM
dem-2896	135	34	41	41	NUM
dem-2896	135	35	we	we	PRON
dem-2896	135	36	obtain	obtain	VERB
dem-2896	135	37	consequently	consequently	ADV
dem-2896	135	38	that	that	SCONJ
dem-2896	135	39	a	a	DET
dem-2896	135	40	daily	daily	ADJ
dem-2896	135	41	close	close	NOUN
dem-2896	135	42	–	–	PUNCT
dem-2896	135	43	to	to	PART
dem-2896	135	44	–	–	PUNCT
dem-2896	135	45	close	close	ADJ
dem-2896	135	46	logarithmic	logarithmic	ADJ
dem-2896	135	47	return	return	NOUN
dem-2896	135	48	can	can	AUX
dem-2896	135	49	be	be	AUX
dem-2896	135	50	expressed	express	VERB
dem-2896	135	51	as	as	ADP
dem-2896	135	52	:	:	PUNCT
dem-2896	135	53	,	,	PUNCT
dem-2896	135	54	lnlnlnln	lnlnlnln	NOUN
dem-2896	135	55	111	111	NUM
dem-2896	135	56	−−−	−−−	NOUN
dem-2896	136	1	=	=	NOUN
dem-2896	136	2	⋅=+	⋅=+	PROPN
dem-2896	136	3	t	t	PROPN
dem-2896	136	4	t	t	PROPN
dem-2896	136	5	t	t	PROPN
dem-2896	136	6	t	t	PROPN
dem-2896	136	7	t	t	PROPN
dem-2896	136	8	t	t	PROPN
dem-2896	136	9	t	t	PROPN
dem-2896	137	1	t	t	PROPN
dem-2896	137	2	t	t	PROPN
dem-2896	137	3	t	t	NOUN
dem-2896	137	4	c	c	NOUN
dem-2896	137	5	c	c	NOUN
dem-2896	138	1	o	o	NOUN
dem-2896	138	2	c	c	NOUN
dem-2896	139	1	c	c	NOUN
dem-2896	139	2	o	o	NOUN
dem-2896	140	1	o	o	X
dem-2896	140	2	c	c	NOUN
dem-2896	140	3	c	c	NOUN
dem-2896	140	4	o	o	X
dem-2896	140	5	(	(	PUNCT
dem-2896	140	6	10	10	NUM
dem-2896	140	7	)	)	PUNCT
dem-2896	140	8	where	where	SCONJ
dem-2896	140	9	tc	tc	PRON
dem-2896	140	10	and	and	CCONJ
dem-2896	140	11	1−tc	1−tc	NUM
dem-2896	140	12	are	be	AUX
dem-2896	140	13	the	the	DET
dem-2896	140	14	closing	close	VERB
dem-2896	140	15	prices	price	NOUN
dem-2896	140	16	of	of	ADP
dem-2896	140	17	days	day	NOUN
dem-2896	140	18	t	t	PROPN
dem-2896	140	19	and	and	CCONJ
dem-2896	140	20	)	)	PUNCT
dem-2896	140	21	1	1	NUM
dem-2896	140	22	(	(	PUNCT
dem-2896	140	23	−t	−t	NOUN
dem-2896	140	24	,	,	PUNCT
dem-2896	140	25	respectively	respectively	ADV
dem-2896	140	26	,	,	PUNCT
dem-2896	140	27	and	and	CCONJ
dem-2896	140	28	to	to	PART
dem-2896	140	29	is	be	AUX
dem-2896	140	30	the	the	DET
dem-2896	140	31	opening	opening	NOUN
dem-2896	140	32	price	price	NOUN
dem-2896	140	33	of	of	ADP
dem-2896	140	34	day	day	NOUN
dem-2896	140	35	t	t	NOUN
dem-2896	140	36	.	.	PUNCT
dem-2896	141	1	note	note	VERB
dem-2896	141	2	that	that	SCONJ
dem-2896	141	3	on	on	ADP
dem-2896	141	4	a	a	DET
dem-2896	141	5	given	give	VERB
dem-2896	141	6	day	day	NOUN
dem-2896	141	7	t	t	NOUN
dem-2896	141	8	,	,	PUNCT
dem-2896	141	9	because	because	SCONJ
dem-2896	141	10	the	the	DET
dem-2896	141	11	ceec–3	ceec–3	NOUN
dem-2896	141	12	markets	market	NOUN
dem-2896	141	13	open	open	ADJ
dem-2896	141	14	before	before	ADP
dem-2896	141	15	the	the	DET
dem-2896	141	16	us	us	PROPN
dem-2896	141	17	market	market	NOUN
dem-2896	141	18	,	,	PUNCT
dem-2896	141	19	daytime	daytime	ADJ
dem-2896	141	20	information	information	NOUN
dem-2896	141	21	set	set	VERB
dem-2896	141	22	from	from	ADP
dem-2896	141	23	the	the	DET
dem-2896	141	24	us	us	PROPN
dem-2896	141	25	market	market	NOUN
dem-2896	141	26	would	would	AUX
dem-2896	141	27	have	have	VERB
dem-2896	141	28	an	an	DET
dem-2896	141	29	influence	influence	NOUN
dem-2896	141	30	on	on	ADP
dem-2896	141	31	the	the	DET
dem-2896	141	32	ceec–3	ceec–3	NOUN
dem-2896	141	33	markets	market	NOUN
dem-2896	141	34	on	on	ADP
dem-2896	141	35	the	the	DET
dem-2896	141	36	next	next	ADJ
dem-2896	141	37	day	day	NOUN
dem-2896	141	38	.	.	PUNCT
dem-2896	142	1	an	an	DET
dem-2896	142	2	information	information	NOUN
dem-2896	142	3	set	set	NOUN
dem-2896	142	4	can	can	AUX
dem-2896	142	5	be	be	AUX
dem-2896	142	6	seen	see	VERB
dem-2896	142	7	in	in	ADP
dem-2896	142	8	broad	broad	ADJ
dem-2896	142	9	terms	term	NOUN
dem-2896	142	10	as	as	ADP
dem-2896	142	11	the	the	DET
dem-2896	142	12	set	set	NOUN
dem-2896	142	13	of	of	ADP
dem-2896	142	14	all	all	DET
dem-2896	142	15	information	information	NOUN
dem-2896	142	16	relevant	relevant	ADJ
dem-2896	142	17	for	for	ADP
dem-2896	142	18	pricing	price	VERB
dem-2896	142	19	an	an	DET
dem-2896	142	20	asset	asset	NOUN
dem-2896	142	21	at	at	ADP
dem-2896	142	22	a	a	DET
dem-2896	142	23	given	give	VERB
dem-2896	142	24	time	time	NOUN
dem-2896	142	25	(	(	PUNCT
dem-2896	142	26	baumöhl	baumöhl	ADJ
dem-2896	142	27	,	,	PUNCT
dem-2896	142	28	výrost	výrost	ADJ
dem-2896	142	29	,	,	PUNCT
dem-2896	142	30	2010	2010	NUM
dem-2896	142	31	)	)	PUNCT
dem-2896	142	32	.	.	PUNCT
dem-2896	143	1	therefore	therefore	ADV
dem-2896	143	2	,	,	PUNCT
dem-2896	143	3	the	the	DET
dem-2896	143	4	information	information	NOUN
dem-2896	143	5	on	on	ADP
dem-2896	143	6	the	the	DET
dem-2896	143	7	opening	opening	NOUN
dem-2896	143	8	and	and	CCONJ
dem-2896	143	9	closing	closing	NOUN
dem-2896	143	10	values	value	NOUN
dem-2896	143	11	of	of	ADP
dem-2896	143	12	the	the	DET
dem-2896	143	13	ceec–3	ceec–3	PROPN
dem-2896	143	14	and	and	CCONJ
dem-2896	143	15	us	us	PROPN
dem-2896	143	16	stock	stock	NOUN
dem-2896	143	17	markets	market	NOUN
dem-2896	143	18	indexes	index	NOUN
dem-2896	143	19	does	do	AUX
dem-2896	143	20	not	not	PART
dem-2896	143	21	belong	belong	VERB
dem-2896	143	22	to	to	ADP
dem-2896	143	23	the	the	DET
dem-2896	143	24	same	same	ADJ
dem-2896	143	25	information	information	NOUN
dem-2896	143	26	set	set	NOUN
dem-2896	143	27	,	,	PUNCT
dem-2896	143	28	however	however	ADV
dem-2896	143	29	,	,	PUNCT
dem-2896	143	30	the	the	DET
dem-2896	143	31	information	information	NOUN
dem-2896	143	32	set	set	VERB
dem-2896	143	33	for	for	ADP
dem-2896	143	34	the	the	DET
dem-2896	143	35	ceec–3	ceec–3	NOUN
dem-2896	143	36	markets	market	NOUN
dem-2896	143	37	is	be	AUX
dem-2896	143	38	overlapping	overlap	VERB
dem-2896	143	39	.	.	PUNCT
dem-2896	144	1	table	table	NOUN
dem-2896	144	2	1	1	NUM
dem-2896	144	3	reports	report	NOUN
dem-2896	144	4	summarized	summarize	VERB
dem-2896	144	5	statistics	statistic	NOUN
dem-2896	144	6	for	for	ADP
dem-2896	144	7	the	the	DET
dem-2896	144	8	close	close	ADJ
dem-2896	144	9	–	–	PUNCT
dem-2896	144	10	to	to	PART
dem-2896	144	11	–	–	PUNCT
dem-2896	144	12	close	close	ADJ
dem-2896	144	13	,	,	PUNCT
dem-2896	144	14	close	close	ADJ
dem-2896	144	15	–	–	PUNCT
dem-2896	144	16	to	to	PART
dem-2896	144	17	–	–	PUNCT
dem-2896	144	18	open	open	ADJ
dem-2896	144	19	,	,	PUNCT
dem-2896	144	20	and	and	CCONJ
dem-2896	144	21	open	open	ADJ
dem-2896	144	22	–	–	PUNCT
dem-2896	144	23	to	to	PART
dem-2896	144	24	–	–	PUNCT
dem-2896	144	25	close	close	VERB
dem-2896	144	26	logarithmic	logarithmic	ADJ
dem-2896	144	27	returns	return	NOUN
dem-2896	144	28	for	for	ADP
dem-2896	144	29	four	four	NUM
dem-2896	144	30	stock	stock	NOUN
dem-2896	144	31	indexes	index	NOUN
dem-2896	144	32	:	:	PUNCT
dem-2896	144	33	s&p	s&p	PROPN
dem-2896	144	34	500	500	NUM
dem-2896	144	35	,	,	PUNCT
dem-2896	144	36	wig	wig	NOUN
dem-2896	144	37	,	,	PUNCT
dem-2896	144	38	px	px	PROPN
dem-2896	144	39	,	,	PUNCT
dem-2896	144	40	and	and	CCONJ
dem-2896	144	41	bux	bux	NOUN
dem-2896	144	42	,	,	PUNCT
dem-2896	144	43	as	as	ADV
dem-2896	144	44	well	well	ADV
dem-2896	144	45	as	as	ADP
dem-2896	144	46	statistics	statistic	NOUN
dem-2896	144	47	testing	testing	NOUN
dem-2896	144	48	for	for	ADP
dem-2896	144	49	normality	normality	NOUN
dem-2896	144	50	and	and	CCONJ
dem-2896	144	51	interdependence	interdependence	NOUN
dem-2896	144	52	.	.	PUNCT
dem-2896	145	1	the	the	DET
dem-2896	145	2	sample	sample	NOUN
dem-2896	145	3	means	mean	VERB
dem-2896	145	4	are	be	AUX
dem-2896	145	5	not	not	PART
dem-2896	145	6	statistically	statistically	ADV
dem-2896	145	7	different	different	ADJ
dem-2896	145	8	from	from	ADP
dem-2896	145	9	zero	zero	NUM
dem-2896	145	10	.	.	PUNCT
dem-2896	146	1	the	the	DET
dem-2896	146	2	measures	measure	NOUN
dem-2896	146	3	for	for	ADP
dem-2896	146	4	skewness	skewness	NOUN
dem-2896	146	5	and	and	CCONJ
dem-2896	146	6	excess	excess	ADJ
dem-2896	146	7	kurtosis	kurtosis	NOUN
dem-2896	146	8	show	show	NOUN
dem-2896	146	9	that	that	SCONJ
dem-2896	146	10	all	all	DET
dem-2896	146	11	return	return	NOUN
dem-2896	146	12	series	series	NOUN
dem-2896	146	13	are	be	AUX
dem-2896	146	14	negatively	negatively	ADV
dem-2896	146	15	skewed	skewed	ADJ
dem-2896	146	16	and	and	CCONJ
dem-2896	146	17	highly	highly	ADV
dem-2896	146	18	leptokurtic	leptokurtic	ADJ
dem-2896	146	19	with	with	ADP
dem-2896	146	20	respect	respect	NOUN
dem-2896	146	21	to	to	ADP
dem-2896	146	22	the	the	DET
dem-2896	146	23	normal	normal	ADJ
dem-2896	146	24	distribution	distribution	NOUN
dem-2896	146	25	.	.	PUNCT
dem-2896	147	1	likewise	likewise	ADV
dem-2896	147	2	,	,	PUNCT
dem-2896	147	3	the	the	DET
dem-2896	147	4	doornik	doornik	NOUN
dem-2896	147	5	–	–	PUNCT
dem-2896	147	6	hansen	hansen	PROPN
dem-2896	147	7	(	(	PUNCT
dem-2896	147	8	2008	2008	NUM
dem-2896	147	9	)	)	PUNCT
dem-2896	147	10	test	test	NOUN
dem-2896	147	11	rejects	reject	VERB
dem-2896	147	12	normality	normality	NOUN
dem-2896	147	13	for	for	ADP
dem-2896	147	14	each	each	PRON
dem-2896	147	15	of	of	ADP
dem-2896	147	16	the	the	DET
dem-2896	147	17	return	return	NOUN
dem-2896	147	18	series	series	NOUN
dem-2896	147	19	at	at	ADP
dem-2896	147	20	the	the	DET
dem-2896	147	21	5	5	NUM
dem-2896	147	22	per	per	NOUN
dem-2896	147	23	cent	cent	NOUN
dem-2896	147	24	level	level	NOUN
dem-2896	147	25	of	of	ADP
dem-2896	147	26	significance	significance	NOUN
dem-2896	147	27	.	.	PUNCT
dem-2896	148	1	the	the	DET
dem-2896	148	2	ljung	ljung	ADJ
dem-2896	148	3	–	–	PUNCT
dem-2896	148	4	–	–	PUNCT
dem-2896	148	5	box	box	NOUN
dem-2896	148	6	(	(	PUNCT
dem-2896	148	7	1978	1978	NUM
dem-2896	148	8	)	)	PUNCT
dem-2896	148	9	statistic	statistic	NOUN
dem-2896	148	10	at	at	ADP
dem-2896	148	11	the	the	DET
dem-2896	148	12	lag	lag	NOUN
dem-2896	148	13	tq	tq	ADP
dem-2896	148	14	ln≈	ln≈	NOUN
dem-2896	148	15	,	,	PUNCT
dem-2896	148	16	where	where	SCONJ
dem-2896	148	17	t	t	PROPN
dem-2896	148	18	is	be	AUX
dem-2896	148	19	the	the	DET
dem-2896	148	20	number	number	NOUN
dem-2896	148	21	of	of	ADP
dem-2896	148	22	data	datum	NOUN
dem-2896	148	23	points	point	NOUN
dem-2896	148	24	(	(	PUNCT
dem-2896	148	25	tsay	tsay	PROPN
dem-2896	148	26	,	,	PUNCT
dem-2896	148	27	2010	2010	NUM
dem-2896	148	28	,	,	PUNCT
dem-2896	148	29	p.	p.	NOUN
dem-2896	148	30	33	33	NUM
dem-2896	148	31	)	)	PUNCT
dem-2896	148	32	,	,	PUNCT
dem-2896	148	33	calculated	calculate	VERB
dem-2896	148	34	for	for	ADP
dem-2896	148	35	both	both	CCONJ
dem-2896	148	36	the	the	DET
dem-2896	148	37	return	return	NOUN
dem-2896	148	38	and	and	CCONJ
dem-2896	148	39	the	the	DET
dem-2896	148	40	squared	square	VERB
dem-2896	148	41	return	return	NOUN
dem-2896	148	42	series	series	NOUN
dem-2896	148	43	,	,	PUNCT
dem-2896	148	44	indicates	indicate	VERB
dem-2896	148	45	the	the	DET
dem-2896	148	46	presence	presence	NOUN
dem-2896	148	47	of	of	ADP
dem-2896	148	48	significant	significant	ADJ
dem-2896	148	49	linear	linear	ADJ
dem-2896	148	50	and	and	CCONJ
dem-2896	148	51	non	non	ADJ
dem-2896	148	52	-	-	ADJ
dem-2896	148	53	linear	linear	ADJ
dem-2896	148	54	dependencies	dependency	NOUN
dem-2896	148	55	,	,	PUNCT
dem-2896	148	56	respectively	respectively	ADV
dem-2896	148	57	,	,	PUNCT
dem-2896	148	58	except	except	SCONJ
dem-2896	148	59	the	the	DET
dem-2896	148	60	wig	wig	NOUN
dem-2896	148	61	o	o	NOUN
dem-2896	148	62	–	–	PUNCT
dem-2896	148	63	c	c	NOUN
dem-2896	148	64	and	and	CCONJ
dem-2896	148	65	px	px	X
dem-2896	148	66	o	o	PROPN
dem-2896	148	67	–	–	PUNCT
dem-2896	148	68	c	c	PROPN
dem-2896	148	69	series	series	NOUN
dem-2896	148	70	.	.	PUNCT
dem-2896	149	1	the	the	DET
dem-2896	149	2	linear	linear	ADJ
dem-2896	149	3	dependences	dependence	NOUN
dem-2896	149	4	may	may	AUX
dem-2896	149	5	be	be	AUX
dem-2896	149	6	due	due	ADJ
dem-2896	149	7	to	to	ADP
dem-2896	149	8	the	the	DET
dem-2896	149	9	‘	'	PUNCT
dem-2896	149	10	nonsynchronous	nonsynchronous	ADJ
dem-2896	149	11	trading	trading	NOUN
dem-2896	149	12	effect	effect	NOUN
dem-2896	149	13	i	i	PRON
dem-2896	149	14	’	'	PUNCT
dem-2896	149	15	of	of	ADP
dem-2896	149	16	the	the	DET
dem-2896	149	17	stocks	stock	NOUN
dem-2896	149	18	that	that	PRON
dem-2896	149	19	make	make	VERB
dem-2896	149	20	up	up	ADP
dem-2896	149	21	each	each	DET
dem-2896	149	22	index	index	NOUN
dem-2896	149	23	(	(	PUNCT
dem-2896	149	24	e.g.	e.g.	ADV
dem-2896	149	25	campbell	campbell	PROPN
dem-2896	149	26	et	et	PROPN
dem-2896	149	27	al	al	PROPN
dem-2896	149	28	.	.	PROPN
dem-2896	149	29	,	,	PUNCT
dem-2896	149	30	1997	1997	NUM
dem-2896	149	31	)	)	PUNCT
dem-2896	149	32	.	.	PUNCT
dem-2896	150	1	the	the	DET
dem-2896	150	2	non	non	ADJ
dem-2896	150	3	–	–	PUNCT
dem-2896	150	4	linear	linear	ADJ
dem-2896	150	5	dependences	dependence	NOUN
dem-2896	150	6	may	may	AUX
dem-2896	150	7	be	be	AUX
dem-2896	150	8	due	due	ADJ
dem-2896	150	9	to	to	ADP
dem-2896	150	10	the	the	DET
dem-2896	150	11	autoregressive	autoregressive	ADJ
dem-2896	150	12	conditional	conditional	ADJ
dem-2896	150	13	heteroskedasticity	heteroskedasticity	NOUN
dem-2896	150	14	(	(	PUNCT
dem-2896	150	15	e.g.	e.g.	ADV
dem-2896	150	16	nelson	nelson	PROPN
dem-2896	150	17	,	,	PUNCT
dem-2896	150	18	1991	1991	NUM
dem-2896	150	19	;	;	PUNCT
dem-2896	150	20	koutmos	koutmos	PROPN
dem-2896	150	21	,	,	PUNCT
dem-2896	150	22	booth	booth	NOUN
dem-2896	150	23	,	,	PUNCT
dem-2896	150	24	1995	1995	NUM
dem-2896	150	25	;	;	PUNCT
dem-2896	150	26	booth	booth	NOUN
dem-2896	150	27	et	et	PROPN
dem-2896	150	28	al	al	PROPN
dem-2896	150	29	.	.	PROPN
dem-2896	150	30	,	,	PUNCT
dem-2896	150	31	1997	1997	NUM
dem-2896	150	32	)	)	PUNCT
dem-2896	150	33	.	.	PUNCT
dem-2896	151	1	all	all	DET
dem-2896	151	2	calculations	calculation	NOUN
dem-2896	151	3	were	be	AUX
dem-2896	151	4	done	do	VERB
dem-2896	151	5	using	use	VERB
dem-2896	151	6	gretl	gretl	NOUN
dem-2896	151	7	1.9.11	1.9.11	NUM
dem-2896	151	8	(	(	PUNCT
dem-2896	151	9	adkins	adkin	NOUN
dem-2896	151	10	,	,	PUNCT
dem-2896	151	11	2012	2012	NUM
dem-2896	151	12	)	)	PUNCT
dem-2896	151	13	.	.	PUNCT
dem-2896	152	1	joanna	joanna	PROPN
dem-2896	152	2	olbryś	olbryś	PROPN
dem-2896	152	3	dynamic	dynamic	ADJ
dem-2896	152	4	econometric	econometric	ADJ
dem-2896	152	5	models	model	NOUN
dem-2896	152	6	13	13	NUM
dem-2896	152	7	(	(	PUNCT
dem-2896	152	8	2013	2013	NUM
dem-2896	152	9	)	)	PUNCT
dem-2896	152	10	33–50	33–50	NUM
dem-2896	152	11	42	42	NUM
dem-2896	152	12	table	table	NOUN
dem-2896	152	13	1	1	NUM
dem-2896	152	14	.	.	PUNCT
dem-2896	152	15	summarized	summarize	VERB
dem-2896	152	16	statistics	statistic	NOUN
dem-2896	152	17	for	for	ADP
dem-2896	152	18	the	the	DET
dem-2896	152	19	close	close	ADJ
dem-2896	152	20	–	–	PUNCT
dem-2896	152	21	to	to	PART
dem-2896	152	22	–	–	PUNCT
dem-2896	152	23	close	close	ADJ
dem-2896	152	24	,	,	PUNCT
dem-2896	152	25	close	close	ADJ
dem-2896	152	26	–	–	PUNCT
dem-2896	152	27	to	to	PART
dem-2896	152	28	–	–	PUNCT
dem-2896	152	29	open	open	ADJ
dem-2896	152	30	,	,	PUNCT
dem-2896	152	31	and	and	CCONJ
dem-2896	152	32	open	open	ADJ
dem-2896	152	33	–	–	PUNCT
dem-2896	152	34	to	to	PART
dem-2896	152	35	–	–	PUNCT
dem-2896	152	36	close	close	VERB
dem-2896	152	37	logarithmic	logarithmic	ADJ
dem-2896	152	38	returns	return	NOUN
dem-2896	152	39	for	for	ADP
dem-2896	152	40	four	four	NUM
dem-2896	152	41	stock	stock	NOUN
dem-2896	152	42	indexes	index	NOUN
dem-2896	152	43	:	:	PUNCT
dem-2896	152	44	s&p	s&p	PROPN
dem-2896	152	45	500	500	NUM
dem-2896	152	46	,	,	PUNCT
dem-2896	152	47	wig	wig	NOUN
dem-2896	152	48	,	,	PUNCT
dem-2896	152	49	px	px	PROPN
dem-2896	152	50	,	,	PUNCT
dem-2896	152	51	and	and	CCONJ
dem-2896	152	52	bux	bux	NOUN
dem-2896	152	53	number	number	NOUN
dem-2896	152	54	of	of	ADP
dem-2896	152	55	obs	obs	PROPN
dem-2896	152	56	.	.	PUNCT
dem-2896	153	1	mean	mean	VERB
dem-2896	153	2	standard	standard	ADJ
dem-2896	153	3	deviation	deviation	NOUN
dem-2896	153	4	skewness	skewness	NOUN
dem-2896	153	5	excess	excess	ADJ
dem-2896	153	6	kurtosis	kurtosis	NOUN
dem-2896	153	7	doornik	doornik	X
dem-2896	153	8	–	–	PUNCT
dem-2896	153	9	hansen	hansen	PROPN
dem-2896	153	10	test	test	PROPN
dem-2896	153	11	lb(7	lb(7	PROPN
dem-2896	153	12	)	)	PUNCT
dem-2896	153	13	lb2(7	lb2(7	NOUN
dem-2896	153	14	)	)	PUNCT
dem-2896	153	15	s&p	s&p	PROPN
dem-2896	153	16	500	500	NUM
dem-2896	153	17	c	c	NOUN
dem-2896	153	18	–	–	PUNCT
dem-2896	153	19	c	c	NOUN
dem-2896	153	20	1260	1260	NUM
dem-2896	153	21	–	–	PUNCT
dem-2896	153	22	9⋅10–5	9⋅10–5	NUM
dem-2896	153	23	0.017	0.017	NUM
dem-2896	153	24	–	–	PUNCT
dem-2896	153	25	0.25	0.25	NUM
dem-2896	153	26	*	*	PUNCT
dem-2896	153	27	6.53	6.53	NUM
dem-2896	153	28	*	*	SYM
dem-2896	154	1	729.71	729.71	NUM
dem-2896	154	2	*	*	PUNCT
dem-2896	155	1	[	[	X
dem-2896	155	2	0.0	0.0	NUM
dem-2896	155	3	]	]	PUNCT
dem-2896	155	4	34.42	34.42	NUM
dem-2896	155	5	*	*	SYM
dem-2896	155	6	742.66	742.66	NUM
dem-2896	155	7	*	*	PUNCT
dem-2896	155	8	s&p	s&p	PROPN
dem-2896	155	9	500	500	NUM
dem-2896	155	10	c	c	NOUN
dem-2896	155	11	–	–	PUNCT
dem-2896	155	12	o	o	NOUN
dem-2896	155	13	1260	1260	NUM
dem-2896	155	14	–	–	PUNCT
dem-2896	155	15	9⋅10–5	9⋅10–5	NUM
dem-2896	155	16	0.002	0.002	NUM
dem-2896	155	17	–	–	PUNCT
dem-2896	155	18	0.28	0.28	NUM
dem-2896	155	19	*	*	SYM
dem-2896	155	20	7.29	7.29	NUM
dem-2896	155	21	*	*	PUNCT
dem-2896	155	22	836.62	836.62	NUM
dem-2896	155	23	*	*	PUNCT
dem-2896	156	1	[	[	X
dem-2896	156	2	0.0	0.0	NUM
dem-2896	156	3	]	]	X
dem-2896	156	4	28.13	28.13	NUM
dem-2896	156	5	*	*	SYM
dem-2896	156	6	173.47	173.47	NUM
dem-2896	156	7	*	*	PUNCT
dem-2896	156	8	s&p	s&p	PROPN
dem-2896	156	9	500	500	NUM
dem-2896	156	10	o	o	NOUN
dem-2896	156	11	–	–	PUNCT
dem-2896	156	12	c	c	NOUN
dem-2896	156	13	1260	1260	NUM
dem-2896	156	14	4⋅10–7	4⋅10–7	NOUN
dem-2896	156	15	0.016	0.016	NUM
dem-2896	156	16	–	–	PUNCT
dem-2896	156	17	0.31	0.31	NUM
dem-2896	156	18	*	*	PUNCT
dem-2896	157	1	6.62	6.62	NUM
dem-2896	157	2	*	*	NOUN
dem-2896	158	1	724.33	724.33	NUM
dem-2896	158	2	*	*	PUNCT
dem-2896	159	1	[	[	X
dem-2896	159	2	0.0	0.0	NUM
dem-2896	159	3	]	]	PUNCT
dem-2896	159	4	33.84	33.84	NUM
dem-2896	159	5	*	*	PUNCT
dem-2896	160	1	740.99	740.99	NUM
dem-2896	160	2	*	*	NOUN
dem-2896	160	3	wig	wig	NOUN
dem-2896	160	4	c	c	NOUN
dem-2896	160	5	–	–	PUNCT
dem-2896	160	6	c	c	NOUN
dem-2896	160	7	1256	1256	NUM
dem-2896	160	8	–	–	PUNCT
dem-2896	160	9	2⋅10–4	2⋅10–4	PROPN
dem-2896	160	10	0.015	0.015	NUM
dem-2896	160	11	–	–	PUNCT
dem-2896	160	12	0.37	0.37	NUM
dem-2896	160	13	*	*	SYM
dem-2896	160	14	2.63	2.63	NUM
dem-2896	160	15	*	*	PUNCT
dem-2896	160	16	174.69	174.69	NUM
dem-2896	160	17	*	*	PUNCT
dem-2896	161	1	[	[	X
dem-2896	161	2	0.0	0.0	NUM
dem-2896	161	3	]	]	PUNCT
dem-2896	161	4	17.57	17.57	NUM
dem-2896	161	5	*	*	PUNCT
dem-2896	161	6	268.82	268.82	NUM
dem-2896	161	7	*	*	NOUN
dem-2896	161	8	wig	wig	PRON
dem-2896	161	9	c	c	NOUN
dem-2896	161	10	–	–	PUNCT
dem-2896	161	11	o	o	NOUN
dem-2896	161	12	1256	1256	NUM
dem-2896	161	13	6⋅10–4	6⋅10–4	NOUN
dem-2896	161	14	0.009	0.009	NUM
dem-2896	161	15	–	–	PUNCT
dem-2896	161	16	0.76	0.76	NUM
dem-2896	161	17	*	*	PUNCT
dem-2896	161	18	5.38	5.38	NUM
dem-2896	161	19	*	*	PUNCT
dem-2896	162	1	370.39	370.39	NUM
dem-2896	162	2	*	*	PUNCT
dem-2896	163	1	[	[	X
dem-2896	163	2	0.0	0.0	NUM
dem-2896	163	3	]	]	PUNCT
dem-2896	163	4	27.44	27.44	NUM
dem-2896	163	5	*	*	SYM
dem-2896	163	6	552.66	552.66	NUM
dem-2896	163	7	*	*	NOUN
dem-2896	163	8	wig	wig	NOUN
dem-2896	163	9	o	o	NOUN
dem-2896	163	10	–	–	PUNCT
dem-2896	163	11	c	c	NOUN
dem-2896	163	12	1256	1256	NUM
dem-2896	163	13	–	–	PUNCT
dem-2896	163	14	8⋅10–4	8⋅10–4	NUM
dem-2896	163	15	0.013	0.013	NUM
dem-2896	163	16	–	–	PUNCT
dem-2896	163	17	0.29	0.29	NUM
dem-2896	163	18	*	*	PUNCT
dem-2896	163	19	2.83	2.83	NUM
dem-2896	163	20	*	*	PUNCT
dem-2896	163	21	209.38	209.38	NUM
dem-2896	163	22	*	*	PUNCT
dem-2896	164	1	[	[	X
dem-2896	164	2	0.0	0.0	NUM
dem-2896	164	3	]	]	PUNCT
dem-2896	164	4	7.27	7.27	NUM
dem-2896	164	5	255.28	255.28	NUM
dem-2896	164	6	*	*	PUNCT
dem-2896	164	7	px	px	ADP
dem-2896	164	8	c	c	PROPN
dem-2896	164	9	–	–	PUNCT
dem-2896	164	10	c	c	NOUN
dem-2896	164	11	1258	1258	NUM
dem-2896	164	12	–	–	PUNCT
dem-2896	164	13	4⋅10–4	4⋅10–4	NUM
dem-2896	164	14	0.018	0.018	NUM
dem-2896	164	15	–	–	PUNCT
dem-2896	164	16	0.57	0.57	NUM
dem-2896	164	17	*	*	SYM
dem-2896	164	18	12.66	12.66	NUM
dem-2896	164	19	*	*	NOUN
dem-2896	164	20	1541.46	1541.46	NUM
dem-2896	164	21	*	*	PUNCT
dem-2896	165	1	[	[	X
dem-2896	165	2	0.0	0.0	NUM
dem-2896	165	3	]	]	X
dem-2896	166	1	31.08	31.08	NUM
dem-2896	166	2	*	*	PUNCT
dem-2896	167	1	778.58	778.58	NUM
dem-2896	167	2	*	*	SYM
dem-2896	167	3	px	px	PROPN
dem-2896	167	4	c	c	PROPN
dem-2896	167	5	–	–	PUNCT
dem-2896	167	6	o	o	NOUN
dem-2896	167	7	1258	1258	NUM
dem-2896	167	8	4⋅10–4	4⋅10–4	NUM
dem-2896	167	9	0.013	0.013	NUM
dem-2896	167	10	–	–	PUNCT
dem-2896	167	11	0.71	0.71	NUM
dem-2896	167	12	*	*	SYM
dem-2896	167	13	13.35	13.35	NUM
dem-2896	167	14	*	*	NOUN
dem-2896	167	15	1545.51	1545.51	NUM
dem-2896	167	16	*	*	PUNCT
dem-2896	168	1	[	[	X
dem-2896	168	2	0.0	0.0	NUM
dem-2896	168	3	]	]	PUNCT
dem-2896	169	1	28.21	28.21	NUM
dem-2896	169	2	*	*	SYM
dem-2896	170	1	609.05	609.05	NUM
dem-2896	170	2	*	*	SYM
dem-2896	170	3	px	px	PROPN
dem-2896	170	4	o	o	PROPN
dem-2896	170	5	–	–	PUNCT
dem-2896	170	6	c	c	NOUN
dem-2896	170	7	1258	1258	NUM
dem-2896	170	8	–	–	PUNCT
dem-2896	170	9	8⋅10–4	8⋅10–4	NUM
dem-2896	170	10	0.013	0.013	NUM
dem-2896	170	11	–	–	PUNCT
dem-2896	170	12	1.34	1.34	NUM
dem-2896	170	13	*	*	NUM
dem-2896	170	14	12.00	12.00	NUM
dem-2896	170	15	*	*	PUNCT
dem-2896	171	1	731.53	731.53	NUM
dem-2896	171	2	*	*	PUNCT
dem-2896	172	1	[	[	X
dem-2896	172	2	0.0	0.0	NUM
dem-2896	172	3	]	]	PUNCT
dem-2896	172	4	9.44	9.44	NUM
dem-2896	172	5	199.15	199.15	NUM
dem-2896	172	6	*	*	PUNCT
dem-2896	172	7	bux	bux	PROPN
dem-2896	172	8	c	c	PROPN
dem-2896	172	9	–	–	PUNCT
dem-2896	172	10	c	c	PROPN
dem-2896	172	11	1254	1254	NUM
dem-2896	172	12	–	–	PUNCT
dem-2896	172	13	3⋅10–4	3⋅10–4	NUM
dem-2896	172	14	0.020	0.020	NUM
dem-2896	172	15	–	–	PUNCT
dem-2896	172	16	0.02	0.02	NUM
dem-2896	172	17	*	*	NOUN
dem-2896	172	18	5.67	5.67	NUM
dem-2896	172	19	*	*	PUNCT
dem-2896	172	20	624.96	624.96	NUM
dem-2896	172	21	*	*	PUNCT
dem-2896	173	1	[	[	X
dem-2896	173	2	0.0	0.0	NUM
dem-2896	173	3	]	]	PUNCT
dem-2896	173	4	52.16	52.16	NUM
dem-2896	173	5	*	*	PUNCT
dem-2896	173	6	584.76	584.76	NUM
dem-2896	173	7	*	*	PUNCT
dem-2896	173	8	bux	bux	PROPN
dem-2896	173	9	c	c	PROPN
dem-2896	173	10	–	–	PUNCT
dem-2896	173	11	o	o	NOUN
dem-2896	173	12	1254	1254	NUM
dem-2896	173	13	7⋅10–4	7⋅10–4	NUM
dem-2896	173	14	0.011	0.011	NUM
dem-2896	173	15	–	–	PUNCT
dem-2896	173	16	0.29	0.29	NUM
dem-2896	173	17	*	*	SYM
dem-2896	173	18	9.61	9.61	NUM
dem-2896	173	19	*	*	NOUN
dem-2896	173	20	1190.26	1190.26	NUM
dem-2896	173	21	*	*	PUNCT
dem-2896	173	22	[	[	X
dem-2896	173	23	0.0	0.0	NUM
dem-2896	173	24	]	]	PUNCT
dem-2896	173	25	49.11	49.11	NUM
dem-2896	173	26	*	*	PUNCT
dem-2896	174	1	869.96	869.96	NUM
dem-2896	174	2	*	*	PUNCT
dem-2896	174	3	bux	bux	PROPN
dem-2896	174	4	o	o	PROPN
dem-2896	174	5	–	–	PUNCT
dem-2896	174	6	c	c	PROPN
dem-2896	174	7	1254	1254	NUM
dem-2896	174	8	–	–	PUNCT
dem-2896	174	9	1⋅10–3	1⋅10–3	PROPN
dem-2896	174	10	0.017	0.017	NUM
dem-2896	174	11	–	–	PUNCT
dem-2896	174	12	0.47	0.47	NUM
dem-2896	174	13	*	*	SYM
dem-2896	174	14	3.81	3.81	NUM
dem-2896	174	15	*	*	PUNCT
dem-2896	174	16	288.20	288.20	NUM
dem-2896	174	17	*	*	PUNCT
dem-2896	175	1	[	[	X
dem-2896	175	2	0.0	0.0	NUM
dem-2896	175	3	]	]	X
dem-2896	175	4	19.77	19.77	NUM
dem-2896	175	5	*	*	SYM
dem-2896	175	6	320.37	320.37	NUM
dem-2896	175	7	*	*	PUNCT
dem-2896	175	8	note	note	NOUN
dem-2896	175	9	:	:	PUNCT
dem-2896	175	10	the	the	DET
dem-2896	175	11	table	table	NOUN
dem-2896	175	12	is	be	AUX
dem-2896	175	13	based	base	VERB
dem-2896	175	14	on	on	ADP
dem-2896	175	15	all	all	DET
dem-2896	175	16	sample	sample	NOUN
dem-2896	175	17	observations	observation	NOUN
dem-2896	175	18	during	during	ADP
dem-2896	175	19	the	the	DET
dem-2896	175	20	period	period	NOUN
dem-2896	175	21	jan	jan	PROPN
dem-2896	175	22	2	2	NUM
dem-2896	175	23	,	,	PUNCT
dem-2896	175	24	2007	2007	NUM
dem-2896	175	25	–	–	PUNCT
dem-2896	175	26	dec	dec	PROPN
dem-2896	175	27	31	31	NUM
dem-2896	175	28	,	,	PUNCT
dem-2896	175	29	2011	2011	NUM
dem-2896	175	30	.	.	PUNCT
dem-2896	176	1	c	c	X
dem-2896	176	2	-	-	SYM
dem-2896	176	3	c	c	NOUN
dem-2896	176	4	,	,	PUNCT
dem-2896	176	5	c	c	NOUN
dem-2896	176	6	-	-	PUNCT
dem-2896	176	7	o	o	NOUN
dem-2896	176	8	,	,	PUNCT
dem-2896	176	9	and	and	CCONJ
dem-2896	176	10	o	o	X
dem-2896	176	11	-	-	PROPN
dem-2896	176	12	c	c	ADJ
dem-2896	176	13	stand	stand	NOUN
dem-2896	176	14	for	for	ADP
dem-2896	176	15	close	close	ADJ
dem-2896	176	16	-	-	PUNCT
dem-2896	176	17	to	to	ADP
dem-2896	176	18	-	-	PUNCT
dem-2896	176	19	close	close	ADJ
dem-2896	176	20	,	,	PUNCT
dem-2896	176	21	close	close	VERB
dem-2896	176	22	-	-	PUNCT
dem-2896	176	23	to	to	AUX
dem-2896	176	24	-	-	PUNCT
dem-2896	176	25	open	open	ADJ
dem-2896	176	26	,	,	PUNCT
dem-2896	176	27	and	and	CCONJ
dem-2896	176	28	open	open	ADJ
dem-2896	176	29	-	-	PUNCT
dem-2896	176	30	to	to	ADP
dem-2896	176	31	-	-	PUNCT
dem-2896	176	32	close	close	VERB
dem-2896	176	33	logarithmic	logarithmic	ADJ
dem-2896	176	34	returns	return	NOUN
dem-2896	176	35	for	for	ADP
dem-2896	176	36	four	four	NUM
dem-2896	176	37	stock	stock	NOUN
dem-2896	176	38	indexes	index	NOUN
dem-2896	176	39	(	(	PUNCT
dem-2896	176	40	s&p	s&p	PROPN
dem-2896	176	41	500	500	NUM
dem-2896	176	42	,	,	PUNCT
dem-2896	176	43	wig	wig	NOUN
dem-2896	176	44	,	,	PUNCT
dem-2896	176	45	px	px	PROPN
dem-2896	176	46	,	,	PUNCT
dem-2896	176	47	bux	bux	PROPN
dem-2896	176	48	)	)	PUNCT
dem-2896	176	49	,	,	PUNCT
dem-2896	176	50	respectively	respectively	ADV
dem-2896	176	51	.	.	PUNCT
dem-2896	177	1	*	*	PUNCT
dem-2896	177	2	denotes	denote	NOUN
dem-2896	177	3	significance	significance	NOUN
dem-2896	177	4	at	at	ADP
dem-2896	177	5	the	the	DET
dem-2896	177	6	5	5	NUM
dem-2896	177	7	per	per	NOUN
dem-2896	177	8	cent	cent	NOUN
dem-2896	177	9	level	level	NOUN
dem-2896	177	10	.	.	PUNCT
dem-2896	178	1	the	the	DET
dem-2896	178	2	test	test	NOUN
dem-2896	178	3	statistic	statistic	NOUN
dem-2896	178	4	for	for	ADP
dem-2896	178	5	skewness	skewness	NOUN
dem-2896	178	6	and	and	CCONJ
dem-2896	178	7	excess	excess	ADJ
dem-2896	178	8	kurtosis	kurtosis	NOUN
dem-2896	178	9	is	be	AUX
dem-2896	178	10	the	the	DET
dem-2896	178	11	conventional	conventional	ADJ
dem-2896	178	12	t	t	PROPN
dem-2896	178	13	-	-	PUNCT
dem-2896	178	14	statistic	statistic	NOUN
dem-2896	178	15	.	.	PUNCT
dem-2896	179	1	the	the	DET
dem-2896	179	2	doornik	doornik	PROPN
dem-2896	179	3	-	-	PUNCT
dem-2896	179	4	hansen	hansen	PROPN
dem-2896	179	5	test	test	PROPN
dem-2896	179	6	(	(	PUNCT
dem-2896	179	7	2008	2008	NUM
dem-2896	179	8	)	)	PUNCT
dem-2896	179	9	has	have	VERB
dem-2896	179	10	a	a	DET
dem-2896	179	11	χ2	χ2	ADJ
dem-2896	179	12	distribution	distribution	NOUN
dem-2896	179	13	if	if	SCONJ
dem-2896	179	14	the	the	DET
dem-2896	179	15	null	null	ADJ
dem-2896	179	16	hypothesis	hypothesis	NOUN
dem-2896	179	17	of	of	ADP
dem-2896	179	18	normality	normality	NOUN
dem-2896	179	19	is	be	AUX
dem-2896	179	20	true	true	ADJ
dem-2896	179	21	.	.	PUNCT
dem-2896	180	1	numbers	number	NOUN
dem-2896	180	2	in	in	ADP
dem-2896	180	3	brackets	bracket	NOUN
dem-2896	180	4	are	be	AUX
dem-2896	180	5	p	p	NOUN
dem-2896	180	6	-	-	PUNCT
dem-2896	180	7	values	value	NOUN
dem-2896	180	8	.	.	PUNCT
dem-2896	181	1	lb(q	lb(q	PUNCT
dem-2896	181	2	)	)	PUNCT
dem-2896	182	1	and	and	CCONJ
dem-2896	182	2	lb2(q	lb2(q	PROPN
dem-2896	182	3	)	)	PUNCT
dem-2896	182	4	are	be	AUX
dem-2896	182	5	the	the	DET
dem-2896	182	6	ljung	ljung	PROPN
dem-2896	182	7	-	-	PUNCT
dem-2896	182	8	box	box	NOUN
dem-2896	182	9	(	(	PUNCT
dem-2896	182	10	1978	1978	NUM
dem-2896	182	11	)	)	PUNCT
dem-2896	182	12	statistics	statistic	NOUN
dem-2896	182	13	for	for	ADP
dem-2896	182	14	returns	return	NOUN
dem-2896	182	15	and	and	CCONJ
dem-2896	182	16	squared	squared	ADJ
dem-2896	182	17	returns	return	NOUN
dem-2896	182	18	,	,	PUNCT
dem-2896	182	19	respectively	respectively	ADV
dem-2896	182	20	,	,	PUNCT
dem-2896	182	21	distributed	distribute	VERB
dem-2896	182	22	as	as	ADP
dem-2896	182	23	χ2	χ2	PROPN
dem-2896	182	24	(	(	PUNCT
dem-2896	182	25	q	q	NOUN
dem-2896	182	26	)	)	PUNCT
dem-2896	182	27	,	,	PUNCT
dem-2896	182	28	q≈lnt	q≈lnt	NOUN
dem-2896	182	29	,	,	PUNCT
dem-2896	182	30	where	where	SCONJ
dem-2896	182	31	t	t	PROPN
dem-2896	182	32	is	be	AUX
dem-2896	182	33	the	the	DET
dem-2896	182	34	number	number	NOUN
dem-2896	182	35	of	of	ADP
dem-2896	182	36	data	datum	NOUN
dem-2896	182	37	points	point	NOUN
dem-2896	182	38	(	(	PUNCT
dem-2896	182	39	tsay	tsay	PROPN
dem-2896	182	40	,	,	PUNCT
dem-2896	182	41	2010	2010	NUM
dem-2896	182	42	)	)	PUNCT
dem-2896	182	43	.	.	PUNCT
dem-2896	183	1	the	the	DET
dem-2896	183	2	χ2	χ2	PROPN
dem-2896	183	3	(	(	PUNCT
dem-2896	183	4	7	7	X
dem-2896	183	5	)	)	PUNCT
dem-2896	183	6	critical	critical	ADJ
dem-2896	183	7	value	value	NOUN
dem-2896	183	8	is	be	AUX
dem-2896	183	9	14.07	14.07	NUM
dem-2896	183	10	(	(	PUNCT
dem-2896	183	11	5	5	NUM
dem-2896	183	12	%	%	NOUN
dem-2896	183	13	)	)	PUNCT
dem-2896	183	14	.	.	PUNCT
dem-2896	184	1	2.2	2.2	NUM
dem-2896	184	2	.	.	PUNCT
dem-2896	184	3	asymmetric	asymmetric	ADJ
dem-2896	184	4	impact	impact	NOUN
dem-2896	184	5	of	of	ADP
dem-2896	184	6	innovations	innovation	NOUN
dem-2896	184	7	on	on	ADP
dem-2896	184	8	volatility	volatility	NOUN
dem-2896	184	9	to	to	PART
dem-2896	184	10	examine	examine	VERB
dem-2896	184	11	asymmetric	asymmetric	ADJ
dem-2896	184	12	effects	effect	NOUN
dem-2896	184	13	between	between	ADP
dem-2896	184	14	positive	positive	ADJ
dem-2896	184	15	and	and	CCONJ
dem-2896	184	16	negative	negative	ADJ
dem-2896	184	17	index	index	NOUN
dem-2896	184	18	return	return	NOUN
dem-2896	184	19	innovations	innovation	NOUN
dem-2896	184	20	,	,	PUNCT
dem-2896	184	21	we	we	PRON
dem-2896	184	22	first	first	ADV
dem-2896	184	23	estimate	estimate	VERB
dem-2896	184	24	the	the	DET
dem-2896	184	25	univariate	univariate	ADJ
dem-2896	184	26	ar(1)–egarch(1,1	ar(1)–egarch(1,1	NOUN
dem-2896	184	27	)	)	PUNCT
dem-2896	184	28	models	model	NOUN
dem-2896	184	29	of	of	ADP
dem-2896	184	30	the	the	DET
dem-2896	184	31	four	four	NUM
dem-2896	184	32	stock	stock	NOUN
dem-2896	184	33	indexes	index	NOUN
dem-2896	184	34	:	:	PUNCT
dem-2896	184	35	s&p	s&p	PROPN
dem-2896	184	36	500	500	NUM
dem-2896	184	37	,	,	PUNCT
dem-2896	184	38	wig	wig	NOUN
dem-2896	184	39	,	,	PUNCT
dem-2896	184	40	px	px	PROPN
dem-2896	184	41	,	,	PUNCT
dem-2896	184	42	and	and	CCONJ
dem-2896	184	43	bux	bux	NOUN
dem-2896	184	44	,	,	PUNCT
dem-2896	184	45	in	in	ADP
dem-2896	184	46	the	the	DET
dem-2896	184	47	whole	whole	ADJ
dem-2896	184	48	sample	sample	NOUN
dem-2896	184	49	period	period	NOUN
dem-2896	184	50	from	from	ADP
dem-2896	184	51	jan	jan	PROPN
dem-2896	184	52	3	3	NUM
dem-2896	184	53	,	,	PUNCT
dem-2896	184	54	2007	2007	NUM
dem-2896	184	55	to	to	ADP
dem-2896	184	56	dec	dec	PROPN
dem-2896	184	57	30	30	NUM
dem-2896	184	58	,	,	PUNCT
dem-2896	184	59	2011	2011	NUM
dem-2896	184	60	.	.	PUNCT
dem-2896	185	1	the	the	DET
dem-2896	185	2	robust	robust	ADJ
dem-2896	185	3	qml	qml	NOUN
dem-2896	185	4	asymmetric	asymmetric	ADJ
dem-2896	185	5	impact	impact	NOUN
dem-2896	185	6	of	of	ADP
dem-2896	185	7	innovations	innovation	NOUN
dem-2896	185	8	on	on	ADP
dem-2896	185	9	volatility	volatility	NOUN
dem-2896	185	10	…	…	PUNCT
dem-2896	185	11	dynamic	dynamic	ADJ
dem-2896	185	12	econometric	econometric	ADJ
dem-2896	185	13	models	model	NOUN
dem-2896	185	14	13	13	NUM
dem-2896	185	15	(	(	PUNCT
dem-2896	185	16	2013	2013	NUM
dem-2896	185	17	)	)	PUNCT
dem-2896	185	18	33–50	33–50	NUM
dem-2896	185	19	43	43	NUM
dem-2896	185	20	(	(	PUNCT
dem-2896	185	21	bollerslev	bollerslev	PROPN
dem-2896	185	22	,	,	PUNCT
dem-2896	185	23	wooldridge	wooldridge	PROPN
dem-2896	185	24	,	,	PUNCT
dem-2896	185	25	1992	1992	NUM
dem-2896	185	26	)	)	PUNCT
dem-2896	185	27	estimates	estimate	NOUN
dem-2896	185	28	of	of	ADP
dem-2896	185	29	the	the	DET
dem-2896	185	30	parameters	parameter	NOUN
dem-2896	185	31	of	of	ADP
dem-2896	185	32	the	the	DET
dem-2896	185	33	model	model	NOUN
dem-2896	185	34	(	(	PUNCT
dem-2896	185	35	8)	8)	NUM
dem-2896	185	36	are	be	AUX
dem-2896	185	37	presented	present	VERB
dem-2896	185	38	in	in	ADP
dem-2896	185	39	table	table	NOUN
dem-2896	185	40	24	24	NUM
dem-2896	185	41	.	.	PUNCT
dem-2896	185	42	table	table	NOUN
dem-2896	185	43	2	2	NUM
dem-2896	185	44	.	.	PUNCT
dem-2896	185	45	results	result	NOUN
dem-2896	185	46	from	from	ADP
dem-2896	185	47	the	the	DET
dem-2896	185	48	ar(1)–egarch(1	ar(1)–egarch(1	PROPN
dem-2896	185	49	,	,	PUNCT
dem-2896	185	50	1	1	NUM
dem-2896	185	51	)	)	PUNCT
dem-2896	185	52	models	model	NOUN
dem-2896	185	53	of	of	ADP
dem-2896	185	54	the	the	DET
dem-2896	185	55	four	four	NUM
dem-2896	185	56	stock	stock	NOUN
dem-2896	185	57	indexes	index	NOUN
dem-2896	185	58	:	:	PUNCT
dem-2896	185	59	s&p	s&p	PROPN
dem-2896	185	60	500	500	NUM
dem-2896	185	61	,	,	PUNCT
dem-2896	185	62	wig	wig	NOUN
dem-2896	185	63	,	,	PUNCT
dem-2896	185	64	px	px	PROPN
dem-2896	185	65	,	,	PUNCT
dem-2896	185	66	and	and	CCONJ
dem-2896	185	67	bux	bux	PROPN
dem-2896	185	68	.	.	PROPN
dem-2896	186	1	full	full	ADJ
dem-2896	186	2	sample	sample	NOUN
dem-2896	186	3	period	period	NOUN
dem-2896	186	4	from	from	ADP
dem-2896	186	5	jan	jan	PROPN
dem-2896	186	6	3	3	NUM
dem-2896	186	7	,	,	PUNCT
dem-2896	186	8	2007	2007	NUM
dem-2896	186	9	to	to	ADP
dem-2896	186	10	dec	dec	PROPN
dem-2896	186	11	30	30	NUM
dem-2896	186	12	,	,	PUNCT
dem-2896	186	13	2011	2011	NUM
dem-2896	186	14	(	(	PUNCT
dem-2896	186	15	1181	1181	NUM
dem-2896	186	16	daily	daily	ADV
dem-2896	186	17	open	open	ADJ
dem-2896	186	18	–	–	PUNCT
dem-2896	186	19	to	to	PART
dem-2896	186	20	–	–	PUNCT
dem-2896	186	21	close	close	VERB
dem-2896	186	22	percentage	percentage	NOUN
dem-2896	186	23	logarithmic	logarithmic	ADJ
dem-2896	186	24	returns	return	NOUN
dem-2896	186	25	)	)	PUNCT
dem-2896	186	26	new	new	PROPN
dem-2896	186	27	york	york	PROPN
dem-2896	186	28	(	(	PUNCT
dem-2896	186	29	i	i	NOUN
dem-2896	186	30	=	=	NOUN
dem-2896	186	31	1	1	X
dem-2896	186	32	)	)	PUNCT
dem-2896	186	33	warsaw	warsaw	NOUN
dem-2896	186	34	(	(	PUNCT
dem-2896	186	35	i	i	NOUN
dem-2896	186	36	=	=	NOUN
dem-2896	186	37	2	2	X
dem-2896	186	38	)	)	PUNCT
dem-2896	186	39	prague	prague	NOUN
dem-2896	186	40	(	(	PUNCT
dem-2896	186	41	i	i	NOUN
dem-2896	186	42	=	=	NOUN
dem-2896	186	43	3	3	NUM
dem-2896	186	44	)	)	PUNCT
dem-2896	186	45	budapest	budapest	NOUN
dem-2896	186	46	(	(	PUNCT
dem-2896	186	47	i	i	NOUN
dem-2896	186	48	=	=	NOUN
dem-2896	186	49	4	4	X
dem-2896	186	50	)	)	PUNCT
dem-2896	186	51	conditional	conditional	ADJ
dem-2896	186	52	mean	mean	NOUN
dem-2896	186	53	equation	equation	NOUN
dem-2896	186	54	,	,	PUNCT
dem-2896	186	55	0iφ	0iφ	NOUN
dem-2896	186	56	0.024	0.024	NUM
dem-2896	186	57	(	(	PUNCT
dem-2896	186	58	0.033	0.033	NUM
dem-2896	186	59	)	)	PUNCT
dem-2896	186	60	–	–	PUNCT
dem-2896	186	61	0.060	0.060	NUM
dem-2896	186	62	*	*	SYM
dem-2896	186	63	(	(	PUNCT
dem-2896	186	64	0.029	0.029	NUM
dem-2896	186	65	)	)	PUNCT
dem-2896	186	66	–	–	PUNCT
dem-2896	186	67	0.052	0.052	NUM
dem-2896	186	68	*	*	PUNCT
dem-2896	186	69	(	(	PUNCT
dem-2896	186	70	0.026	0.026	NUM
dem-2896	186	71	)	)	PUNCT
dem-2896	186	72	–	–	PUNCT
dem-2896	186	73	0.092	0.092	NUM
dem-2896	186	74	*	*	PUNCT
dem-2896	186	75	(	(	PUNCT
dem-2896	186	76	0.039	0.039	NUM
dem-2896	186	77	)	)	PUNCT
dem-2896	186	78	iφ	iφ	NOUN
dem-2896	186	79	–	–	PUNCT
dem-2896	186	80	0.084	0.084	NUM
dem-2896	186	81	*	*	PUNCT
dem-2896	186	82	(	(	PUNCT
dem-2896	186	83	0.027	0.027	NUM
dem-2896	186	84	)	)	PUNCT
dem-2896	186	85	–	–	PUNCT
dem-2896	186	86	0.022	0.022	NUM
dem-2896	186	87	(	(	PUNCT
dem-2896	186	88	0.026	0.026	NUM
dem-2896	186	89	)	)	PUNCT
dem-2896	186	90	–	–	PUNCT
dem-2896	186	91	0.055	0.055	NUM
dem-2896	186	92	(	(	PUNCT
dem-2896	186	93	0.030	0.030	NUM
dem-2896	186	94	)	)	PUNCT
dem-2896	186	95	–	–	PUNCT
dem-2896	186	96	0.056	0.056	NUM
dem-2896	186	97	(	(	PUNCT
dem-2896	186	98	0.031	0.031	NUM
dem-2896	186	99	)	)	PUNCT
dem-2896	186	100	conditional	conditional	ADJ
dem-2896	186	101	variance	variance	NOUN
dem-2896	186	102	equation	equation	NOUN
dem-2896	186	103	*	*	PUNCT
dem-2896	186	104	,	,	PUNCT
dem-2896	186	105	0iα	0iα	NOUN
dem-2896	186	106	–	–	PUNCT
dem-2896	186	107	0.101	0.101	NUM
dem-2896	186	108	*	*	PUNCT
dem-2896	186	109	(	(	PUNCT
dem-2896	186	110	0.020	0.020	NUM
dem-2896	186	111	)	)	PUNCT
dem-2896	186	112	–	–	PUNCT
dem-2896	186	113	0.108	0.108	NUM
dem-2896	186	114	*	*	SYM
dem-2896	186	115	(	(	PUNCT
dem-2896	186	116	0.028	0.028	NUM
dem-2896	186	117	)	)	PUNCT
dem-2896	186	118	–	–	PUNCT
dem-2896	186	119	0.166	0.166	NUM
dem-2896	186	120	*	*	PUNCT
dem-2896	186	121	(	(	PUNCT
dem-2896	186	122	0.034	0.034	NUM
dem-2896	186	123	)	)	PUNCT
dem-2896	186	124	–	–	PUNCT
dem-2896	186	125	0.117	0.117	NUM
dem-2896	186	126	*	*	SYM
dem-2896	186	127	(	(	PUNCT
dem-2896	186	128	0.030	0.030	NUM
dem-2896	186	129	)	)	PUNCT
dem-2896	186	130	iα	iα	ADP
dem-2896	186	131	0.978	0.978	NUM
dem-2896	186	132	*	*	SYM
dem-2896	186	133	(	(	PUNCT
dem-2896	186	134	0.007	0.007	NUM
dem-2896	186	135	)	)	PUNCT
dem-2896	186	136	0.983	0.983	NUM
dem-2896	186	137	*	*	SYM
dem-2896	186	138	(	(	PUNCT
dem-2896	186	139	0.007	0.007	NUM
dem-2896	186	140	)	)	PUNCT
dem-2896	186	141	0.977	0.977	NUM
dem-2896	186	142	*	*	SYM
dem-2896	186	143	(	(	PUNCT
dem-2896	186	144	0.011	0.011	NUM
dem-2896	186	145	)	)	PUNCT
dem-2896	186	146	0.979	0.979	NUM
dem-2896	186	147	*	*	SYM
dem-2896	186	148	(	(	PUNCT
dem-2896	186	149	0.010	0.010	NUM
dem-2896	186	150	)	)	PUNCT
dem-2896	186	151	iθ	iθ	NOUN
dem-2896	186	152	–	–	PUNCT
dem-2896	186	153	0.141	0.141	NUM
dem-2896	186	154	*	*	PUNCT
dem-2896	186	155	(	(	PUNCT
dem-2896	186	156	0.020	0.020	NUM
dem-2896	186	157	)	)	PUNCT
dem-2896	186	158	–	–	PUNCT
dem-2896	186	159	0.083	0.083	NUM
dem-2896	186	160	*	*	PUNCT
dem-2896	186	161	(	(	PUNCT
dem-2896	186	162	0.019	0.019	NUM
dem-2896	186	163	)	)	PUNCT
dem-2896	186	164	–	–	PUNCT
dem-2896	186	165	0.047	0.047	NUM
dem-2896	186	166	*	*	PUNCT
dem-2896	186	167	(	(	PUNCT
dem-2896	186	168	0.020	0.020	NUM
dem-2896	186	169	)	)	PUNCT
dem-2896	186	170	–	–	PUNCT
dem-2896	186	171	0.034	0.034	NUM
dem-2896	186	172	(	(	PUNCT
dem-2896	186	173	0.020	0.020	NUM
dem-2896	186	174	)	)	PUNCT
dem-2896	186	175	iγ	iγ	ADP
dem-2896	186	176	0.142	0.142	NUM
dem-2896	186	177	*	*	PUNCT
dem-2896	186	178	(	(	PUNCT
dem-2896	186	179	0.026	0.026	NUM
dem-2896	186	180	)	)	PUNCT
dem-2896	186	181	0.144	0.144	NUM
dem-2896	186	182	*	*	SYM
dem-2896	186	183	(	(	PUNCT
dem-2896	186	184	0.037	0.037	NUM
dem-2896	186	185	)	)	PUNCT
dem-2896	186	186	0.227	0.227	NUM
dem-2896	186	187	*	*	SYM
dem-2896	186	188	(	(	PUNCT
dem-2896	186	189	0.049	0.049	NUM
dem-2896	186	190	)	)	PUNCT
dem-2896	186	191	0.179	0.179	NUM
dem-2896	186	192	*	*	PUNCT
dem-2896	186	193	(	(	PUNCT
dem-2896	186	194	0.044	0.044	NUM
dem-2896	186	195	)	)	PUNCT
dem-2896	186	196	conditional	conditional	ADJ
dem-2896	186	197	density	density	NOUN
dem-2896	186	198	parameters	parameter	NOUN
dem-2896	186	199	iν	iν	ADP
dem-2896	186	200	7.515	7.515	NUM
dem-2896	186	201	*	*	SYM
dem-2896	186	202	(	(	PUNCT
dem-2896	186	203	1.713	1.713	NUM
dem-2896	186	204	)	)	PUNCT
dem-2896	186	205	10.923	10.923	NUM
dem-2896	186	206	*	*	PUNCT
dem-2896	186	207	(	(	PUNCT
dem-2896	186	208	2.989	2.989	NUM
dem-2896	186	209	)	)	PUNCT
dem-2896	186	210	5.743	5.743	NUM
dem-2896	186	211	*	*	SYM
dem-2896	186	212	(	(	PUNCT
dem-2896	186	213	0.846	0.846	NUM
dem-2896	186	214	)	)	PUNCT
dem-2896	186	215	6.538	6.538	NUM
dem-2896	186	216	*	*	SYM
dem-2896	186	217	(	(	PUNCT
dem-2896	186	218	1.178	1.178	NUM
dem-2896	186	219	)	)	PUNCT
dem-2896	186	220	iλ	iλ	NOUN
dem-2896	186	221	–	–	PUNCT
dem-2896	186	222	0.227	0.227	NUM
dem-2896	186	223	*	*	PUNCT
dem-2896	186	224	(	(	PUNCT
dem-2896	186	225	0.041	0.041	NUM
dem-2896	186	226	)	)	PUNCT
dem-2896	186	227	–	–	PUNCT
dem-2896	186	228	0.019	0.019	NUM
dem-2896	186	229	(	(	PUNCT
dem-2896	186	230	0.033	0.033	NUM
dem-2896	186	231	)	)	PUNCT
dem-2896	186	232	–	–	PUNCT
dem-2896	186	233	0.078	0.078	NUM
dem-2896	186	234	*	*	PUNCT
dem-2896	186	235	(	(	PUNCT
dem-2896	186	236	0.039	0.039	NUM
dem-2896	186	237	)	)	PUNCT
dem-2896	186	238	–	–	PUNCT
dem-2896	186	239	0.007	0.007	NUM
dem-2896	186	240	(	(	PUNCT
dem-2896	186	241	0.043	0.043	NUM
dem-2896	186	242	)	)	PUNCT
dem-2896	186	243	asymmetry	asymmetry	NOUN
dem-2896	186	244	effect	effect	NOUN
dem-2896	186	245	for	for	ADP
dem-2896	186	246	market	market	NOUN
dem-2896	186	247	i	i	PRON
dem-2896	186	248	/i	/i	PUNCT
dem-2896	187	1	i	i	PRON
dem-2896	187	2	iδ	iδ	VERB
dem-2896	187	3	θ	θ	NOUN
dem-2896	187	4	γ=	γ=	PROPN
dem-2896	187	5	–	–	PUNCT
dem-2896	187	6	0.99	0.99	NUM
dem-2896	187	7	–	–	PUNCT
dem-2896	187	8	0.58	0.58	NUM
dem-2896	187	9	–	–	PUNCT
dem-2896	187	10	0.21	0.21	NUM
dem-2896	187	11	–	–	SYM
dem-2896	187	12	0.19	0.19	NUM
dem-2896	187	13	half	half	ADJ
dem-2896	187	14	–	–	PUNCT
dem-2896	187	15	life	life	NOUN
dem-2896	187	16	(	(	PUNCT
dem-2896	187	17	hl	hl	NOUN
dem-2896	187	18	)	)	PUNCT
dem-2896	187	19	31.16	31.16	NUM
dem-2896	187	20	40.43	40.43	NUM
dem-2896	187	21	29.79	29.79	NUM
dem-2896	187	22	32.66	32.66	NUM
dem-2896	187	23	log	log	NOUN
dem-2896	187	24	–	–	PUNCT
dem-2896	187	25	likelihood	likelihood	NOUN
dem-2896	187	26	–	–	PUNCT
dem-2896	187	27	1872.80	1872.80	NUM
dem-2896	187	28	–	–	PUNCT
dem-2896	187	29	1833.79	1833.79	NUM
dem-2896	187	30	–	–	PUNCT
dem-2896	187	31	1735.00	1735.00	NUM
dem-2896	187	32	–	–	PUNCT
dem-2896	187	33	2145.68	2145.68	NUM
dem-2896	187	34	bic	bic	PROPN
dem-2896	187	35	3802.19	3802.19	NUM
dem-2896	187	36	3724.16	3724.16	NUM
dem-2896	187	37	3526.59	3526.59	NUM
dem-2896	187	38	4347.92	4347.92	NUM
dem-2896	187	39	aic	aic	PROPN
dem-2896	187	40	3761.60	3761.60	NUM
dem-2896	187	41	3683.58	3683.58	NUM
dem-2896	187	42	3486.00	3486.00	NUM
dem-2896	187	43	4307.64	4307.64	NUM
dem-2896	187	44	lb(20	lb(20	PROPN
dem-2896	187	45	)	)	PUNCT
dem-2896	187	46	11.42	11.42	NUM
dem-2896	188	1	[	[	X
dem-2896	188	2	0.93	0.93	NUM
dem-2896	188	3	]	]	PUNCT
dem-2896	188	4	14.23	14.23	NUM
dem-2896	189	1	[	[	X
dem-2896	189	2	0.82	0.82	NUM
dem-2896	189	3	]	]	SYM
dem-2896	189	4	7.97	7.97	NUM
dem-2896	190	1	[	[	X
dem-2896	190	2	0.99	0.99	NUM
dem-2896	190	3	]	]	PUNCT
dem-2896	190	4	16.80	16.80	NUM
dem-2896	190	5	[	[	X
dem-2896	190	6	0.67	0.67	NUM
dem-2896	190	7	]	]	X
dem-2896	190	8	lb2(20	lb2(20	NOUN
dem-2896	190	9	)	)	PUNCT
dem-2896	190	10	25.76	25.76	NUM
dem-2896	191	1	[	[	X
dem-2896	191	2	0.17	0.17	NUM
dem-2896	191	3	]	]	PUNCT
dem-2896	191	4	14.39	14.39	NUM
dem-2896	192	1	[	[	X
dem-2896	192	2	0.81	0.81	NUM
dem-2896	192	3	]	]	PUNCT
dem-2896	192	4	16.60	16.60	NUM
dem-2896	192	5	[	[	X
dem-2896	192	6	0.68	0.68	NUM
dem-2896	192	7	]	]	PUNCT
dem-2896	192	8	13.89	13.89	NUM
dem-2896	192	9	[	[	SYM
dem-2896	192	10	0.84	0.84	NUM
dem-2896	192	11	]	]	PUNCT
dem-2896	192	12	note	note	NOUN
dem-2896	192	13	:	:	PUNCT
dem-2896	192	14	the	the	DET
dem-2896	192	15	table	table	NOUN
dem-2896	192	16	is	be	AUX
dem-2896	192	17	based	base	VERB
dem-2896	192	18	on	on	ADP
dem-2896	192	19	all	all	DET
dem-2896	192	20	sample	sample	NOUN
dem-2896	192	21	observations	observation	NOUN
dem-2896	192	22	during	during	ADP
dem-2896	192	23	the	the	DET
dem-2896	192	24	period	period	NOUN
dem-2896	192	25	jan	jan	PROPN
dem-2896	192	26	3	3	NUM
dem-2896	192	27	,	,	PUNCT
dem-2896	192	28	2007	2007	NUM
dem-2896	192	29	–	–	PUNCT
dem-2896	192	30	dec	dec	PROPN
dem-2896	192	31	30	30	NUM
dem-2896	192	32	,	,	PUNCT
dem-2896	192	33	2011	2011	NUM
dem-2896	192	34	;	;	PUNCT
dem-2896	192	35	*	*	PUNCT
dem-2896	192	36	denotes	denote	NOUN
dem-2896	192	37	significance	significance	NOUN
dem-2896	192	38	at	at	ADP
dem-2896	192	39	the	the	DET
dem-2896	192	40	5	5	NUM
dem-2896	192	41	per	per	NOUN
dem-2896	192	42	cent	cent	NOUN
dem-2896	192	43	level	level	NOUN
dem-2896	192	44	;	;	PUNCT
dem-2896	192	45	the	the	DET
dem-2896	192	46	heteroskedastic	heteroskedastic	ADJ
dem-2896	192	47	consistent	consistent	ADJ
dem-2896	192	48	standard	standard	ADJ
dem-2896	192	49	errors	error	NOUN
dem-2896	192	50	are	be	AUX
dem-2896	192	51	in	in	ADP
dem-2896	192	52	parentheses	parenthesis	NOUN
dem-2896	192	53	;	;	PUNCT
dem-2896	192	54	the	the	DET
dem-2896	192	55	variance	variance	NOUN
dem-2896	192	56	-	-	PUNCT
dem-2896	192	57	covariance	covariance	NOUN
dem-2896	192	58	matrix	matrix	NOUN
dem-2896	192	59	of	of	ADP
dem-2896	192	60	the	the	DET
dem-2896	192	61	estimated	estimate	VERB
dem-2896	192	62	parameters	parameter	NOUN
dem-2896	192	63	is	be	AUX
dem-2896	192	64	based	base	VERB
dem-2896	192	65	on	on	ADP
dem-2896	192	66	the	the	DET
dem-2896	192	67	qml	qml	PROPN
dem-2896	192	68	algorithm	algorithm	NOUN
dem-2896	192	69	;	;	PUNCT
dem-2896	192	70	the	the	DET
dem-2896	192	71	distribution	distribution	NOUN
dem-2896	192	72	for	for	ADP
dem-2896	192	73	the	the	DET
dem-2896	192	74	innovations	innovation	NOUN
dem-2896	192	75	is	be	AUX
dem-2896	192	76	supposed	suppose	VERB
dem-2896	192	77	to	to	PART
dem-2896	192	78	be	be	AUX
dem-2896	192	79	skewed	skewed	ADJ
dem-2896	192	80	t	t	PROPN
dem-2896	192	81	;	;	PUNCT
dem-2896	192	82	ν	ν	NOUN
dem-2896	192	83	and	and	CCONJ
dem-2896	192	84	λ	λ	PROPN
dem-2896	192	85	are	be	AUX
dem-2896	192	86	conditional	conditional	ADJ
dem-2896	192	87	density	density	NOUN
dem-2896	192	88	parameters	parameter	NOUN
dem-2896	192	89	(	(	PUNCT
dem-2896	192	90	lucchetti	lucchetti	PROPN
dem-2896	192	91	,	,	PUNCT
dem-2896	192	92	balietti	balietti	PROPN
dem-2896	192	93	s	s	PROPN
dem-2896	192	94	,	,	PUNCT
dem-2896	192	95	2011	2011	NUM
dem-2896	192	96	,	,	PUNCT
dem-2896	192	97	p.	p.	NOUN
dem-2896	192	98	3	3	NUM
dem-2896	192	99	)	)	PUNCT
dem-2896	192	100	;	;	PUNCT
dem-2896	192	101	the	the	DET
dem-2896	192	102	asymmetry	asymmetry	NOUN
dem-2896	192	103	coefficient	coefficient	NOUN
dem-2896	192	104	is	be	AUX
dem-2896	192	105	defined	define	VERB
dem-2896	192	106	in	in	ADP
dem-2896	192	107	the	the	DET
dem-2896	192	108	text	text	NOUN
dem-2896	192	109	;	;	PUNCT
dem-2896	192	110	the	the	DET
dem-2896	192	111	half	half	ADJ
dem-2896	192	112	-	-	PUNCT
dem-2896	192	113	life	life	NOUN
dem-2896	192	114	is	be	AUX
dem-2896	192	115	defined	define	VERB
dem-2896	192	116	in	in	ADP
dem-2896	192	117	the	the	DET
dem-2896	192	118	text	text	NOUN
dem-2896	192	119	and	and	CCONJ
dem-2896	192	120	represents	represent	VERB
dem-2896	192	121	the	the	DET
dem-2896	192	122	time	time	NOUN
dem-2896	192	123	it	it	PRON
dem-2896	192	124	takes	take	VERB
dem-2896	192	125	for	for	SCONJ
dem-2896	192	126	the	the	DET
dem-2896	192	127	shock	shock	NOUN
dem-2896	192	128	to	to	PART
dem-2896	192	129	reduce	reduce	VERB
dem-2896	192	130	its	its	PRON
dem-2896	192	131	impact	impact	NOUN
dem-2896	192	132	by	by	ADP
dem-2896	192	133	one	one	NUM
dem-2896	192	134	-	-	PUNCT
dem-2896	192	135	half	half	NOUN
dem-2896	192	136	;	;	PUNCT
dem-2896	192	137	bic	bic	PROPN
dem-2896	192	138	and	and	CCONJ
dem-2896	192	139	aic	aic	PROPN
dem-2896	192	140	are	be	AUX
dem-2896	192	141	the	the	DET
dem-2896	192	142	information	information	NOUN
dem-2896	192	143	criterions	criterion	NOUN
dem-2896	192	144	;	;	PUNCT
dem-2896	192	145	lb(20	lb(20	NUM
dem-2896	192	146	)	)	PUNCT
dem-2896	192	147	and	and	CCONJ
dem-2896	192	148	lb2(20	lb2(20	NOUN
dem-2896	192	149	)	)	PUNCT
dem-2896	192	150	denotes	denote	VERB
dem-2896	192	151	the	the	DET
dem-2896	192	152	ljung	ljung	PROPN
dem-2896	192	153	-	-	PUNCT
dem-2896	192	154	box	box	NOUN
dem-2896	192	155	(	(	PUNCT
dem-2896	192	156	1978	1978	NUM
dem-2896	192	157	)	)	PUNCT
dem-2896	192	158	statistics	statistic	NOUN
dem-2896	192	159	for	for	ADP
dem-2896	192	160	standardized	standardized	ADJ
dem-2896	192	161	innovations	innovation	NOUN
dem-2896	192	162	and	and	CCONJ
dem-2896	192	163	squared	square	VERB
dem-2896	192	164	standardized	standardized	ADJ
dem-2896	192	165	innovations	innovation	NOUN
dem-2896	192	166	,	,	PUNCT
dem-2896	192	167	respectively	respectively	ADV
dem-2896	192	168	(	(	PUNCT
dem-2896	192	169	baillie	baillie	PROPN
dem-2896	192	170	,	,	PUNCT
dem-2896	192	171	bollerslev	bollerslev	ADJ
dem-2896	192	172	,	,	PUNCT
dem-2896	192	173	1990	1990	NUM
dem-2896	192	174	)	)	PUNCT
dem-2896	192	175	;	;	PUNCT
dem-2896	192	176	numbers	number	NOUN
dem-2896	192	177	in	in	ADP
dem-2896	192	178	brackets	bracket	NOUN
dem-2896	192	179	are	be	AUX
dem-2896	192	180	p	p	NOUN
dem-2896	192	181	-	-	PUNCT
dem-2896	192	182	values	value	NOUN
dem-2896	192	183	.	.	PUNCT
dem-2896	193	1	4	4	NUM
dem-2896	193	2	in	in	ADP
dem-2896	193	3	the	the	DET
dem-2896	193	4	case	case	NOUN
dem-2896	193	5	of	of	ADP
dem-2896	193	6	all	all	DET
dem-2896	193	7	periods	period	NOUN
dem-2896	193	8	analyzed	analyze	VERB
dem-2896	193	9	,	,	PUNCT
dem-2896	193	10	the	the	DET
dem-2896	193	11	choice	choice	NOUN
dem-2896	193	12	of	of	ADP
dem-2896	193	13	an	an	DET
dem-2896	193	14	appropriate	appropriate	ADJ
dem-2896	193	15	version	version	NOUN
dem-2896	193	16	of	of	ADP
dem-2896	193	17	the	the	DET
dem-2896	193	18	egarch	egarch	NOUN
dem-2896	193	19	model	model	NOUN
dem-2896	193	20	was	be	AUX
dem-2896	193	21	conducted	conduct	VERB
dem-2896	193	22	based	base	VERB
dem-2896	193	23	on	on	ADP
dem-2896	193	24	the	the	DET
dem-2896	193	25	bic	bic	PROPN
dem-2896	193	26	and	and	CCONJ
dem-2896	193	27	aic	aic	PROPN
dem-2896	193	28	information	information	NOUN
dem-2896	193	29	criterions	criterion	NOUN
dem-2896	193	30	,	,	PUNCT
dem-2896	193	31	and	and	CCONJ
dem-2896	193	32	distributions	distribution	NOUN
dem-2896	193	33	for	for	ADP
dem-2896	193	34	the	the	DET
dem-2896	193	35	innovations	innovation	NOUN
dem-2896	193	36	were	be	AUX
dem-2896	193	37	supposed	suppose	VERB
dem-2896	193	38	to	to	PART
dem-2896	193	39	be	be	AUX
dem-2896	193	40	normal	normal	ADJ
dem-2896	193	41	,	,	PUNCT
dem-2896	193	42	t	t	NOUN
dem-2896	193	43	-	-	PUNCT
dem-2896	193	44	student	student	NOUN
dem-2896	193	45	,	,	PUNCT
dem-2896	193	46	or	or	CCONJ
dem-2896	193	47	skewed	skewed	ADJ
dem-2896	193	48	t.	t.	NOUN
dem-2896	193	49	as	as	SCONJ
dem-2896	193	50	it	it	PRON
dem-2896	193	51	turned	turn	VERB
dem-2896	193	52	out	out	ADP
dem-2896	193	53	,	,	PUNCT
dem-2896	193	54	the	the	DET
dem-2896	193	55	univariate	univariate	ADJ
dem-2896	193	56	ar(1)–egarch(1	ar(1)–egarch(1	PROPN
dem-2896	193	57	,	,	PUNCT
dem-2896	193	58	1	1	X
dem-2896	193	59	)	)	PUNCT
dem-2896	193	60	models	model	NOUN
dem-2896	193	61	with	with	ADP
dem-2896	193	62	skewed	skewed	ADJ
dem-2896	193	63	t	t	PROPN
dem-2896	193	64	as	as	ADP
dem-2896	193	65	the	the	DET
dem-2896	193	66	distribution	distribution	NOUN
dem-2896	193	67	for	for	ADP
dem-2896	193	68	the	the	DET
dem-2896	193	69	innovations	innovation	NOUN
dem-2896	193	70	are	be	AUX
dem-2896	193	71	the	the	DET
dem-2896	193	72	most	most	ADV
dem-2896	193	73	adequate	adequate	ADJ
dem-2896	193	74	.	.	PUNCT
dem-2896	194	1	due	due	ADP
dem-2896	194	2	to	to	ADP
dem-2896	194	3	the	the	DET
dem-2896	194	4	space	space	NOUN
dem-2896	194	5	restrictions	restriction	NOUN
dem-2896	194	6	,	,	PUNCT
dem-2896	194	7	details	detail	NOUN
dem-2896	194	8	and	and	CCONJ
dem-2896	194	9	calculations	calculation	NOUN
dem-2896	194	10	are	be	AUX
dem-2896	194	11	available	available	ADJ
dem-2896	194	12	upon	upon	SCONJ
dem-2896	194	13	request	request	NOUN
dem-2896	194	14	.	.	PUNCT
dem-2896	195	1	joanna	joanna	PROPN
dem-2896	195	2	olbryś	olbryś	PROPN
dem-2896	195	3	dynamic	dynamic	ADJ
dem-2896	195	4	econometric	econometric	ADJ
dem-2896	195	5	models	model	NOUN
dem-2896	195	6	13	13	NUM
dem-2896	195	7	(	(	PUNCT
dem-2896	195	8	2013	2013	NUM
dem-2896	195	9	)	)	PUNCT
dem-2896	195	10	33–50	33–50	NUM
dem-2896	195	11	44	44	NUM
dem-2896	195	12	for	for	ADP
dem-2896	195	13	model	model	NOUN
dem-2896	195	14	checking	checking	NOUN
dem-2896	195	15	,	,	PUNCT
dem-2896	195	16	the	the	DET
dem-2896	195	17	ljung	ljung	ADJ
dem-2896	195	18	–	–	PUNCT
dem-2896	195	19	box	box	NOUN
dem-2896	195	20	statistics	statistic	NOUN
dem-2896	195	21	lb(20	lb(20	PROPN
dem-2896	195	22	)	)	PUNCT
dem-2896	195	23	for	for	ADP
dem-2896	195	24	the	the	DET
dem-2896	195	25	standardized	standardized	ADJ
dem-2896	195	26	innovation	innovation	NOUN
dem-2896	195	27	process	process	NOUN
dem-2896	195	28	,	,	PUNCT
dem-2896	195	29	and	and	CCONJ
dem-2896	195	30	lb2(20	lb2(20	NOUN
dem-2896	195	31	)	)	PUNCT
dem-2896	195	32	for	for	ADP
dem-2896	195	33	the	the	DET
dem-2896	195	34	squared	square	VERB
dem-2896	195	35	standardized	standardized	ADJ
dem-2896	195	36	innovations	innovation	NOUN
dem-2896	195	37	were	be	AUX
dem-2896	195	38	applied	apply	VERB
dem-2896	195	39	(	(	PUNCT
dem-2896	195	40	baillie	baillie	PROPN
dem-2896	195	41	,	,	PUNCT
dem-2896	195	42	bollerslev	bollerslev	ADJ
dem-2896	195	43	,	,	PUNCT
dem-2896	195	44	1990	1990	NUM
dem-2896	195	45	)	)	PUNCT
dem-2896	195	46	.	.	PUNCT
dem-2896	196	1	the	the	DET
dem-2896	196	2	evidence	evidence	NOUN
dem-2896	196	3	is	be	AUX
dem-2896	196	4	that	that	SCONJ
dem-2896	196	5	there	there	PRON
dem-2896	196	6	is	be	VERB
dem-2896	196	7	no	no	DET
dem-2896	196	8	serial	serial	ADJ
dem-2896	196	9	correlation	correlation	NOUN
dem-2896	196	10	or	or	CCONJ
dem-2896	196	11	conditional	conditional	ADJ
dem-2896	196	12	heteroskedasticity	heteroskedasticity	NOUN
dem-2896	196	13	in	in	ADP
dem-2896	196	14	the	the	DET
dem-2896	196	15	standardized	standardized	ADJ
dem-2896	196	16	innovations	innovation	NOUN
dem-2896	196	17	of	of	ADP
dem-2896	196	18	the	the	DET
dem-2896	196	19	fitted	fit	VERB
dem-2896	196	20	models	model	NOUN
dem-2896	196	21	.	.	PUNCT
dem-2896	197	1	the	the	DET
dem-2896	197	2	estimated	estimate	VERB
dem-2896	197	3	ar(1)–egarch(1	ar(1)–egarch(1	PROPN
dem-2896	197	4	,	,	PUNCT
dem-2896	197	5	1	1	NUM
dem-2896	197	6	)	)	PUNCT
dem-2896	197	7	models	model	NOUN
dem-2896	197	8	are	be	AUX
dem-2896	197	9	adequate	adequate	ADJ
dem-2896	197	10	(	(	PUNCT
dem-2896	197	11	tsay	tsay	PROPN
dem-2896	197	12	,	,	PUNCT
dem-2896	197	13	2010	2010	NUM
dem-2896	197	14	,	,	PUNCT
dem-2896	197	15	p.	p.	NOUN
dem-2896	197	16	146	146	NUM
dem-2896	197	17	)	)	PUNCT
dem-2896	197	18	.	.	PUNCT
dem-2896	198	1	several	several	ADJ
dem-2896	198	2	results	result	NOUN
dem-2896	198	3	presented	present	VERB
dem-2896	198	4	in	in	ADP
dem-2896	198	5	table	table	NOUN
dem-2896	198	6	2	2	NUM
dem-2896	198	7	are	be	AUX
dem-2896	198	8	worth	worth	ADJ
dem-2896	198	9	special	special	ADJ
dem-2896	198	10	notice	notice	NOUN
dem-2896	198	11	.	.	PUNCT
dem-2896	199	1	the	the	DET
dem-2896	199	2	autoregressive	autoregressive	ADJ
dem-2896	199	3	coefficients	coefficient	NOUN
dem-2896	199	4	iϕ	iϕ	NOUN
dem-2896	199	5	are	be	AUX
dem-2896	199	6	negative	negative	ADJ
dem-2896	199	7	,	,	PUNCT
dem-2896	199	8	and	and	CCONJ
dem-2896	199	9	this	this	DET
dem-2896	199	10	coefficient	coefficient	NOUN
dem-2896	199	11	is	be	AUX
dem-2896	199	12	statistically	statistically	ADV
dem-2896	199	13	significant	significant	ADJ
dem-2896	199	14	only	only	ADV
dem-2896	199	15	for	for	ADP
dem-2896	199	16	the	the	DET
dem-2896	199	17	new	new	PROPN
dem-2896	199	18	york	york	PROPN
dem-2896	199	19	market	market	NOUN
dem-2896	199	20	.	.	PUNCT
dem-2896	200	1	the	the	DET
dem-2896	200	2	conditional	conditional	ADJ
dem-2896	200	3	variance	variance	NOUN
dem-2896	200	4	is	be	AUX
dem-2896	200	5	a	a	DET
dem-2896	200	6	function	function	NOUN
dem-2896	200	7	of	of	ADP
dem-2896	200	8	past	past	ADJ
dem-2896	200	9	conditional	conditional	ADJ
dem-2896	200	10	variances	variance	NOUN
dem-2896	200	11	and	and	CCONJ
dem-2896	200	12	past	past	ADJ
dem-2896	200	13	innovations	innovation	NOUN
dem-2896	200	14	.	.	PUNCT
dem-2896	201	1	the	the	DET
dem-2896	201	2	relevant	relevant	ADJ
dem-2896	201	3	coefficients	coefficient	NOUN
dem-2896	201	4	iα	iα	VERB
dem-2896	201	5	,	,	PUNCT
dem-2896	201	6	iθ	iθ	INTJ
dem-2896	201	7	,	,	PUNCT
dem-2896	201	8	and	and	CCONJ
dem-2896	201	9	iγ	iγ	NOUN
dem-2896	201	10	are	be	AUX
dem-2896	201	11	statistically	statistically	ADV
dem-2896	201	12	significant	significant	ADJ
dem-2896	201	13	at	at	ADP
dem-2896	201	14	the	the	DET
dem-2896	201	15	5	5	NUM
dem-2896	201	16	per	per	NOUN
dem-2896	201	17	cent	cent	NOUN
dem-2896	201	18	level	level	NOUN
dem-2896	201	19	in	in	ADP
dem-2896	201	20	the	the	DET
dem-2896	201	21	case	case	NOUN
dem-2896	201	22	of	of	ADP
dem-2896	201	23	all	all	DET
dem-2896	201	24	models	model	NOUN
dem-2896	201	25	(	(	PUNCT
dem-2896	201	26	except	except	SCONJ
dem-2896	201	27	4θ	4θ	NOUN
dem-2896	201	28	)	)	PUNCT
dem-2896	201	29	.	.	PUNCT
dem-2896	202	1	in	in	ADP
dem-2896	202	2	addition	addition	NOUN
dem-2896	202	3	,	,	PUNCT
dem-2896	202	4	all	all	PRON
dem-2896	202	5	of	of	ADP
dem-2896	202	6	the	the	DET
dem-2896	202	7	iγ	iγ	NOUN
dem-2896	202	8	coefficients	coefficient	NOUN
dem-2896	202	9	are	be	AUX
dem-2896	202	10	positive	positive	ADJ
dem-2896	202	11	.	.	PUNCT
dem-2896	203	1	for	for	ADP
dem-2896	203	2	positive	positive	ADJ
dem-2896	203	3	iγ	iγ	NOUN
dem-2896	203	4	,	,	PUNCT
dem-2896	203	5	if	if	SCONJ
dem-2896	203	6	0/	0/	NUM
dem-2896	203	7	<	<	X
dem-2896	203	8	=	=	X
dem-2896	203	9	iii	iii	NUM
dem-2896	203	10	γθδ	γθδ	NOUN
dem-2896	203	11	,	,	PUNCT
dem-2896	203	12	then	then	ADV
dem-2896	203	13	negative	negative	ADJ
dem-2896	203	14	innovations	innovation	NOUN
dem-2896	203	15	have	have	VERB
dem-2896	203	16	a	a	DET
dem-2896	203	17	higher	high	ADJ
dem-2896	203	18	impact	impact	NOUN
dem-2896	203	19	on	on	ADP
dem-2896	203	20	volatility	volatility	NOUN
dem-2896	203	21	than	than	ADP
dem-2896	203	22	positive	positive	ADJ
dem-2896	203	23	innovations	innovation	NOUN
dem-2896	203	24	;	;	PUNCT
dem-2896	203	25	if	if	SCONJ
dem-2896	203	26	0	0	NOUN
dem-2896	203	27	=	=	NOUN
dem-2896	203	28	iδ	iδ	X
dem-2896	203	29	(	(	PUNCT
dem-2896	203	30	0	0	NUM
dem-2896	203	31	=	=	NOUN
dem-2896	203	32	iθ	iθ	NOUN
dem-2896	203	33	and	and	CCONJ
dem-2896	203	34	0	0	NUM
dem-2896	203	35	>	>	X
dem-2896	203	36	iγ	iγ	NOUN
dem-2896	203	37	)	)	PUNCT
dem-2896	203	38	,	,	PUNCT
dem-2896	203	39	then	then	ADV
dem-2896	203	40	the	the	DET
dem-2896	203	41	magnitude	magnitude	NOUN
dem-2896	203	42	terms	term	NOUN
dem-2896	203	43	raises	raise	VERB
dem-2896	203	44	(	(	PUNCT
dem-2896	203	45	lowers	lower	NOUN
dem-2896	203	46	)	)	PUNCT
dem-2896	203	47	volatility	volatility	NOUN
dem-2896	203	48	when	when	SCONJ
dem-2896	203	49	the	the	DET
dem-2896	203	50	magnitude	magnitude	NOUN
dem-2896	203	51	of	of	ADP
dem-2896	203	52	market	market	NOUN
dem-2896	203	53	movements	movement	NOUN
dem-2896	203	54	is	be	AUX
dem-2896	203	55	large	large	ADJ
dem-2896	203	56	(	(	PUNCT
dem-2896	203	57	small	small	ADJ
dem-2896	203	58	)	)	PUNCT
dem-2896	203	59	;	;	PUNCT
dem-2896	203	60	if	if	SCONJ
dem-2896	203	61	10	10	NUM
dem-2896	203	62	<	<	X
dem-2896	203	63	<	<	X
dem-2896	203	64	iδ	iδ	X
dem-2896	203	65	,	,	PUNCT
dem-2896	203	66	then	then	ADV
dem-2896	203	67	positive	positive	ADJ
dem-2896	203	68	innovations	innovation	NOUN
dem-2896	203	69	would	would	AUX
dem-2896	203	70	increase	increase	VERB
dem-2896	203	71	volatility	volatility	NOUN
dem-2896	203	72	but	but	CCONJ
dem-2896	203	73	negative	negative	ADJ
dem-2896	203	74	innovations	innovation	NOUN
dem-2896	203	75	decrease	decrease	VERB
dem-2896	203	76	volatility	volatility	NOUN
dem-2896	203	77	.	.	PUNCT
dem-2896	204	1	these	these	PRON
dem-2896	204	2	pronounced	pronounce	VERB
dem-2896	204	3	negative	negative	ADJ
dem-2896	204	4	asymmetry	asymmetry	NOUN
dem-2896	204	5	effects	effect	NOUN
dem-2896	204	6	are	be	AUX
dem-2896	204	7	present	present	ADJ
dem-2896	204	8	in	in	ADP
dem-2896	204	9	table	table	NOUN
dem-2896	204	10	2	2	NUM
dem-2896	204	11	.	.	X
dem-2896	204	12	for	for	ADP
dem-2896	204	13	new	new	PROPN
dem-2896	204	14	york	york	PROPN
dem-2896	204	15	,	,	PUNCT
dem-2896	204	16	warsaw	warsaw	PROPN
dem-2896	204	17	,	,	PUNCT
dem-2896	204	18	prague	prague	NOUN
dem-2896	204	19	,	,	PUNCT
dem-2896	204	20	and	and	CCONJ
dem-2896	204	21	budapest	budap	ADJ
dem-2896	204	22	,	,	PUNCT
dem-2896	204	23	negative	negative	ADJ
dem-2896	204	24	innovations	innovation	NOUN
dem-2896	204	25	increase	increase	VERB
dem-2896	204	26	volatility	volatility	NOUN
dem-2896	204	27	considerably	considerably	ADV
dem-2896	204	28	more	more	ADJ
dem-2896	204	29	than	than	ADP
dem-2896	204	30	positive	positive	ADJ
dem-2896	204	31	innovations	innovation	NOUN
dem-2896	204	32	.	.	PUNCT
dem-2896	205	1	our	our	PRON
dem-2896	205	2	findings	finding	NOUN
dem-2896	205	3	suggest	suggest	VERB
dem-2896	205	4	that	that	SCONJ
dem-2896	205	5	the	the	DET
dem-2896	205	6	four	four	NUM
dem-2896	205	7	stock	stock	NOUN
dem-2896	205	8	markets	market	NOUN
dem-2896	205	9	are	be	AUX
dem-2896	205	10	more	more	ADV
dem-2896	205	11	sensitive	sensitive	ADJ
dem-2896	205	12	to	to	ADP
dem-2896	205	13	‘	'	PUNCT
dem-2896	205	14	bad	bad	ADJ
dem-2896	205	15	’	'	PUNCT
dem-2896	205	16	than	than	ADP
dem-2896	205	17	‘	'	PUNCT
dem-2896	205	18	good	good	ADJ
dem-2896	205	19	’	'	PUNCT
dem-2896	205	20	news	news	NOUN
dem-2896	205	21	.	.	PUNCT
dem-2896	206	1	the	the	DET
dem-2896	206	2	persistence	persistence	NOUN
dem-2896	206	3	of	of	ADP
dem-2896	206	4	volatility	volatility	NOUN
dem-2896	206	5	may	may	AUX
dem-2896	206	6	be	be	AUX
dem-2896	206	7	interpreted	interpret	VERB
dem-2896	206	8	by	by	ADP
dem-2896	206	9	using	use	VERB
dem-2896	206	10	the	the	DET
dem-2896	206	11	half	half	ADJ
dem-2896	206	12	–	–	PUNCT
dem-2896	206	13	life	life	NOUN
dem-2896	206	14	concept	concept	NOUN
dem-2896	206	15	(	(	PUNCT
dem-2896	206	16	7	7	NUM
dem-2896	206	17	)	)	PUNCT
dem-2896	206	18	,	,	PUNCT
dem-2896	206	19	which	which	PRON
dem-2896	206	20	measures	measure	VERB
dem-2896	206	21	the	the	DET
dem-2896	206	22	time	time	NOUN
dem-2896	206	23	it	it	PRON
dem-2896	206	24	takes	take	VERB
dem-2896	206	25	for	for	ADP
dem-2896	206	26	an	an	DET
dem-2896	206	27	innovation	innovation	NOUN
dem-2896	206	28	to	to	PART
dem-2896	206	29	reduce	reduce	VERB
dem-2896	206	30	its	its	PRON
dem-2896	206	31	impact	impact	NOUN
dem-2896	206	32	by	by	ADP
dem-2896	206	33	one	one	NUM
dem-2896	206	34	half	half	NOUN
dem-2896	206	35	.	.	PUNCT
dem-2896	207	1	numerically	numerically	ADV
dem-2896	207	2	,	,	PUNCT
dem-2896	207	3	the	the	DET
dem-2896	207	4	hl	hl	NOUN
dem-2896	207	5	coefficients	coefficient	VERB
dem-2896	207	6	for	for	ADP
dem-2896	207	7	the	the	DET
dem-2896	207	8	new	new	PROPN
dem-2896	207	9	york	york	PROPN
dem-2896	207	10	,	,	PUNCT
dem-2896	207	11	warsaw	warsaw	PROPN
dem-2896	207	12	,	,	PUNCT
dem-2896	207	13	prague	prague	NOUN
dem-2896	207	14	,	,	PUNCT
dem-2896	207	15	and	and	CCONJ
dem-2896	207	16	budapest	budapest	NOUN
dem-2896	207	17	indexes	index	NOUN
dem-2896	207	18	are	be	AUX
dem-2896	207	19	equal	equal	ADJ
dem-2896	207	20	to	to	ADP
dem-2896	207	21	:	:	PUNCT
dem-2896	207	22	31.16	31.16	NUM
dem-2896	207	23	,	,	PUNCT
dem-2896	207	24	40.43	40.43	NUM
dem-2896	207	25	,	,	PUNCT
dem-2896	207	26	29.79	29.79	NUM
dem-2896	207	27	,	,	PUNCT
dem-2896	207	28	and	and	CCONJ
dem-2896	207	29	32.66	32.66	NUM
dem-2896	207	30	days	day	NOUN
dem-2896	207	31	,	,	PUNCT
dem-2896	207	32	respectively	respectively	ADV
dem-2896	207	33	.	.	PUNCT
dem-2896	208	1	it	it	PRON
dem-2896	208	2	is	be	AUX
dem-2896	208	3	worth	worth	ADJ
dem-2896	208	4	stressing	stress	VERB
dem-2896	208	5	that	that	SCONJ
dem-2896	208	6	the	the	DET
dem-2896	208	7	half	half	ADJ
dem-2896	208	8	–	–	PUNCT
dem-2896	208	9	life	life	NOUN
dem-2896	208	10	coefficients	coefficient	NOUN
dem-2896	208	11	are	be	AUX
dem-2896	208	12	surprisingly	surprisingly	ADV
dem-2896	208	13	high	high	ADJ
dem-2896	208	14	,	,	PUNCT
dem-2896	208	15	however	however	SCONJ
dem-2896	208	16	scheicher	scheicher	PROPN
dem-2896	208	17	(	(	PUNCT
dem-2896	208	18	2001	2001	NUM
dem-2896	208	19	,	,	PUNCT
dem-2896	208	20	p.	p.	NOUN
dem-2896	208	21	37	37	NUM
dem-2896	208	22	)	)	PUNCT
dem-2896	208	23	documents	document	NOUN
dem-2896	208	24	half	half	ADJ
dem-2896	208	25	–	–	PUNCT
dem-2896	208	26	life	life	NOUN
dem-2896	208	27	coefficients	coefficient	NOUN
dem-2896	208	28	for	for	ADP
dem-2896	208	29	the	the	DET
dem-2896	208	30	ctx	ctx	NOUN
dem-2896	208	31	,	,	PUNCT
dem-2896	208	32	htx	htx	PROPN
dem-2896	208	33	,	,	PUNCT
dem-2896	208	34	and	and	CCONJ
dem-2896	208	35	ptx	ptx	VERB
dem-2896	208	36	indexes5	indexes5	PROPN
dem-2896	208	37	,	,	PUNCT
dem-2896	208	38	which	which	PRON
dem-2896	208	39	are	be	AUX
dem-2896	208	40	equal	equal	ADJ
dem-2896	208	41	to	to	ADP
dem-2896	208	42	:	:	PUNCT
dem-2896	208	43	16.39	16.39	NUM
dem-2896	208	44	,	,	PUNCT
dem-2896	208	45	1.95	1.95	NUM
dem-2896	208	46	,	,	PUNCT
dem-2896	208	47	and	and	CCONJ
dem-2896	208	48	∞	∞	NUM
dem-2896	208	49	(	(	PUNCT
dem-2896	208	50	!	!	PUNCT
dem-2896	208	51	)	)	PUNCT
dem-2896	208	52	days	day	NOUN
dem-2896	208	53	.	.	PUNCT
dem-2896	209	1	for	for	ADP
dem-2896	209	2	example	example	NOUN
dem-2896	209	3	,	,	PUNCT
dem-2896	209	4	bhar	bhar	PROPN
dem-2896	209	5	(	(	PUNCT
dem-2896	209	6	2001	2001	NUM
dem-2896	209	7	)	)	PUNCT
dem-2896	209	8	documents	document	NOUN
dem-2896	209	9	half	half	ADJ
dem-2896	209	10	–	–	PUNCT
dem-2896	209	11	life	life	NOUN
dem-2896	209	12	coefficients	coefficient	NOUN
dem-2896	209	13	equal	equal	ADJ
dem-2896	209	14	to	to	ADP
dem-2896	209	15	2.63	2.63	NUM
dem-2896	209	16	and	and	CCONJ
dem-2896	209	17	3.86	3.86	NUM
dem-2896	209	18	days	day	NOUN
dem-2896	209	19	for	for	ADP
dem-2896	209	20	two	two	NUM
dem-2896	209	21	australian	australian	ADJ
dem-2896	209	22	spot	spot	NOUN
dem-2896	209	23	and	and	CCONJ
dem-2896	209	24	futures	future	NOUN
dem-2896	209	25	markets	market	NOUN
dem-2896	209	26	,	,	PUNCT
dem-2896	209	27	respectively	respectively	ADV
dem-2896	209	28	.	.	PUNCT
dem-2896	209	29	figure	figure	NOUN
dem-2896	209	30	1	1	NUM
dem-2896	209	31	.	.	PUNCT
dem-2896	210	1	presents	present	VERB
dem-2896	210	2	time	time	NOUN
dem-2896	210	3	plots	plot	NOUN
dem-2896	210	4	of	of	ADP
dem-2896	210	5	conditional	conditional	ADJ
dem-2896	210	6	variances	variance	NOUN
dem-2896	210	7	from	from	ADP
dem-2896	210	8	the	the	DET
dem-2896	210	9	univariate	univariate	ADJ
dem-2896	210	10	ar(1)–egarch(1	ar(1)–egarch(1	PROPN
dem-2896	210	11	,	,	PUNCT
dem-2896	210	12	1	1	X
dem-2896	210	13	)	)	PUNCT
dem-2896	210	14	models	model	NOUN
dem-2896	210	15	for	for	ADP
dem-2896	210	16	the	the	DET
dem-2896	210	17	s&p	s&p	PROPN
dem-2896	210	18	500	500	NUM
dem-2896	210	19	,	,	PUNCT
dem-2896	210	20	wig	wig	NOUN
dem-2896	210	21	,	,	PUNCT
dem-2896	210	22	px	px	PROPN
dem-2896	210	23	,	,	PUNCT
dem-2896	210	24	and	and	CCONJ
dem-2896	210	25	bux	bux	NOUN
dem-2896	210	26	index	index	NOUN
dem-2896	210	27	5	5	NUM
dem-2896	210	28	ctx	ctx	NOUN
dem-2896	210	29	,	,	PUNCT
dem-2896	210	30	htx	htx	PROPN
dem-2896	210	31	,	,	PUNCT
dem-2896	210	32	and	and	CCONJ
dem-2896	210	33	ptx	ptx	NOUN
dem-2896	210	34	are	be	AUX
dem-2896	210	35	the	the	DET
dem-2896	210	36	czech	czech	PROPN
dem-2896	210	37	,	,	PUNCT
dem-2896	210	38	hungarian	hungarian	ADJ
dem-2896	210	39	,	,	PUNCT
dem-2896	210	40	and	and	CCONJ
dem-2896	210	41	polish	polish	ADJ
dem-2896	210	42	traded	trade	VERB
dem-2896	210	43	indexes	index	NOUN
dem-2896	210	44	,	,	PUNCT
dem-2896	210	45	which	which	PRON
dem-2896	210	46	are	be	AUX
dem-2896	210	47	computed	compute	VERB
dem-2896	210	48	by	by	ADP
dem-2896	210	49	the	the	DET
dem-2896	210	50	central	central	ADJ
dem-2896	210	51	european	european	ADJ
dem-2896	210	52	clearing	clearing	NOUN
dem-2896	210	53	houses	house	NOUN
dem-2896	210	54	and	and	CCONJ
dem-2896	210	55	exchange	exchange	PROPN
dem-2896	210	56	(	(	PUNCT
dem-2896	210	57	cece	cece	PROPN
dem-2896	210	58	)	)	PUNCT
dem-2896	210	59	in	in	ADP
dem-2896	210	60	vienna	vienna	PROPN
dem-2896	210	61	(	(	PUNCT
dem-2896	210	62	scheicher	scheicher	X
dem-2896	210	63	(	(	PUNCT
dem-2896	210	64	2001	2001	NUM
dem-2896	210	65	,	,	PUNCT
dem-2896	210	66	p.	p.	NOUN
dem-2896	210	67	28	28	NUM
dem-2896	210	68	)	)	PUNCT
dem-2896	210	69	.	.	PUNCT
dem-2896	211	1	asymmetric	asymmetric	ADJ
dem-2896	211	2	impact	impact	NOUN
dem-2896	211	3	of	of	ADP
dem-2896	211	4	innovations	innovation	NOUN
dem-2896	211	5	on	on	ADP
dem-2896	211	6	volatility	volatility	NOUN
dem-2896	211	7	…	…	PUNCT
dem-2896	211	8	dynamic	dynamic	ADJ
dem-2896	211	9	econometric	econometric	ADJ
dem-2896	211	10	models	model	NOUN
dem-2896	211	11	13	13	NUM
dem-2896	211	12	(	(	PUNCT
dem-2896	211	13	2013	2013	NUM
dem-2896	211	14	)	)	PUNCT
dem-2896	211	15	33–50	33–50	NUM
dem-2896	211	16	45	45	NUM
dem-2896	211	17	es	es	NOUN
dem-2896	211	18	,	,	PUNCT
dem-2896	211	19	in	in	ADP
dem-2896	211	20	the	the	DET
dem-2896	211	21	whole	whole	ADJ
dem-2896	211	22	sample	sample	NOUN
dem-2896	211	23	period	period	NOUN
dem-2896	211	24	from	from	ADP
dem-2896	211	25	jan	jan	PROPN
dem-2896	211	26	3	3	NUM
dem-2896	211	27	,	,	PUNCT
dem-2896	211	28	2007	2007	NUM
dem-2896	211	29	to	to	ADP
dem-2896	211	30	dec	dec	PROPN
dem-2896	211	31	30	30	NUM
dem-2896	211	32	,	,	PUNCT
dem-2896	211	33	2011	2011	NUM
dem-2896	211	34	.	.	PUNCT
dem-2896	212	1	the	the	DET
dem-2896	212	2	global	global	ADJ
dem-2896	212	3	financial	financial	ADJ
dem-2896	212	4	crisis	crisis	NOUN
dem-2896	212	5	was	be	AUX
dem-2896	212	6	reflected	reflect	VERB
dem-2896	212	7	evidently	evidently	ADV
dem-2896	212	8	in	in	ADP
dem-2896	212	9	all	all	DET
dem-2896	212	10	stock	stock	NOUN
dem-2896	212	11	exchanges	exchange	NOUN
dem-2896	212	12	(	(	PUNCT
dem-2896	212	13	cf	cf	NOUN
dem-2896	212	14	.	.	PUNCT
dem-2896	212	15	figure	figure	NOUN
dem-2896	212	16	1	1	NUM
dem-2896	212	17	)	)	PUNCT
dem-2896	212	18	.	.	PUNCT
dem-2896	213	1	figure	figure	NOUN
dem-2896	213	2	1	1	NUM
dem-2896	213	3	.	.	PUNCT
dem-2896	214	1	conditional	conditional	ADJ
dem-2896	214	2	variances	variance	NOUN
dem-2896	214	3	from	from	ADP
dem-2896	214	4	the	the	DET
dem-2896	214	5	univariate	univariate	ADJ
dem-2896	214	6	ar(1)–egarch(1	ar(1)–egarch(1	PROPN
dem-2896	214	7	,	,	PUNCT
dem-2896	214	8	1	1	X
dem-2896	214	9	)	)	PUNCT
dem-2896	214	10	models	model	NOUN
dem-2896	214	11	for	for	ADP
dem-2896	214	12	the	the	DET
dem-2896	214	13	s&p	s&p	PROPN
dem-2896	214	14	500	500	NUM
dem-2896	214	15	,	,	PUNCT
dem-2896	214	16	wig	wig	NOUN
dem-2896	214	17	,	,	PUNCT
dem-2896	214	18	px	px	PROPN
dem-2896	214	19	,	,	PUNCT
dem-2896	214	20	and	and	CCONJ
dem-2896	214	21	bux	bux	NOUN
dem-2896	214	22	indexes	index	NOUN
dem-2896	214	23	,	,	PUNCT
dem-2896	214	24	in	in	ADP
dem-2896	214	25	the	the	DET
dem-2896	214	26	whole	whole	ADJ
dem-2896	214	27	sample	sample	NOUN
dem-2896	214	28	period	period	NOUN
dem-2896	214	29	from	from	ADP
dem-2896	214	30	jan	jan	PROPN
dem-2896	214	31	3	3	NUM
dem-2896	214	32	,	,	PUNCT
dem-2896	214	33	2007	2007	NUM
dem-2896	214	34	to	to	ADP
dem-2896	214	35	dec	dec	PROPN
dem-2896	214	36	30	30	NUM
dem-2896	214	37	,	,	PUNCT
dem-2896	214	38	2011	2011	NUM
dem-2896	214	39	(	(	PUNCT
dem-2896	214	40	table	table	NOUN
dem-2896	214	41	2	2	NUM
dem-2896	214	42	)	)	PUNCT
dem-2896	214	43	.	.	PUNCT
dem-2896	215	1	tables	table	NOUN
dem-2896	215	2	3a–3b	3a–3b	PROPN
dem-2896	215	3	present	present	ADJ
dem-2896	215	4	further	further	ADJ
dem-2896	215	5	analysis	analysis	NOUN
dem-2896	215	6	,	,	PUNCT
dem-2896	215	7	including	include	VERB
dem-2896	215	8	details	detail	NOUN
dem-2896	215	9	about	about	ADP
dem-2896	215	10	results	result	NOUN
dem-2896	215	11	from	from	ADP
dem-2896	215	12	the	the	DET
dem-2896	215	13	ar(1)–egarch(1	ar(1)–egarch(1	PROPN
dem-2896	215	14	,	,	PUNCT
dem-2896	215	15	1	1	NUM
dem-2896	215	16	)	)	PUNCT
dem-2896	215	17	models	model	NOUN
dem-2896	215	18	of	of	ADP
dem-2896	215	19	the	the	DET
dem-2896	215	20	four	four	NUM
dem-2896	215	21	stock	stock	NOUN
dem-2896	215	22	indexes	index	NOUN
dem-2896	215	23	in	in	ADP
dem-2896	215	24	:	:	PUNCT
dem-2896	215	25	−	−	PROPN
dem-2896	215	26	the	the	DET
dem-2896	215	27	‘	'	PUNCT
dem-2896	215	28	down	down	ADP
dem-2896	215	29	market	market	NOUN
dem-2896	215	30	’	'	PUNCT
dem-2896	215	31	period	period	NOUN
dem-2896	215	32	from	from	ADP
dem-2896	215	33	feb	feb	PROPN
dem-2896	215	34	27	27	NUM
dem-2896	215	35	,	,	PUNCT
dem-2896	215	36	2007	2007	NUM
dem-2896	215	37	to	to	ADP
dem-2896	215	38	mar	mar	PROPN
dem-2896	215	39	9	9	NUM
dem-2896	215	40	,	,	PUNCT
dem-2896	215	41	2009	2009	NUM
dem-2896	215	42	(	(	PUNCT
dem-2896	215	43	table	table	NOUN
dem-2896	215	44	3a	3a	NUM
dem-2896	215	45	)	)	PUNCT
dem-2896	215	46	,	,	PUNCT
dem-2896	215	47	−	−	PUNCT
dem-2896	215	48	the	the	DET
dem-2896	215	49	‘	'	PUNCT
dem-2896	215	50	up	up	ADP
dem-2896	215	51	market	market	NOUN
dem-2896	215	52	’	'	PUNCT
dem-2896	215	53	period	period	NOUN
dem-2896	215	54	from	from	ADP
dem-2896	215	55	march	march	PROPN
dem-2896	215	56	10	10	NUM
dem-2896	215	57	,	,	PUNCT
dem-2896	215	58	2009	2009	NUM
dem-2896	215	59	to	to	ADP
dem-2896	215	60	mar	mar	PROPN
dem-2896	215	61	10	10	NUM
dem-2896	215	62	,	,	PUNCT
dem-2896	215	63	2011	2011	NUM
dem-2896	215	64	(	(	PUNCT
dem-2896	215	65	table	table	NOUN
dem-2896	215	66	3b	3b	NUM
dem-2896	215	67	)	)	PUNCT
dem-2896	215	68	.	.	PUNCT
dem-2896	216	1	0	0	NUM
dem-2896	216	2	5	5	NUM
dem-2896	216	3	10	10	NUM
dem-2896	216	4	15	15	NUM
dem-2896	216	5	20	20	NUM
dem-2896	216	6	25	25	NUM
dem-2896	216	7	30	30	NUM
dem-2896	216	8	2007	2007	NUM
dem-2896	216	9	2008	2008	NUM
dem-2896	216	10	2009	2009	NUM
dem-2896	216	11	2010	2010	NUM
dem-2896	216	12	2011	2011	NUM
dem-2896	217	1	c	c	NOUN
dem-2896	217	2	o	o	NOUN
dem-2896	218	1	n	n	CCONJ
dem-2896	218	2	d	d	X
dem-2896	218	3	it	it	PRON
dem-2896	218	4	io	io	PROPN
dem-2896	218	5	n	n	ADV
dem-2896	218	6	a	a	DET
dem-2896	218	7	l	l	NOUN
dem-2896	218	8	v	v	ADP
dem-2896	218	9	a	a	DET
dem-2896	218	10	ri	ri	NOUN
dem-2896	218	11	a	a	PRON
dem-2896	218	12	n	n	NUM
dem-2896	218	13	ce	ce	X
dem-2896	218	14	conditional	conditional	ADJ
dem-2896	218	15	variances	variance	NOUN
dem-2896	218	16	from	from	ADP
dem-2896	218	17	egarch(1	egarch(1	PROPN
dem-2896	218	18	,	,	PUNCT
dem-2896	218	19	1	1	NUM
dem-2896	218	20	)	)	PUNCT
dem-2896	218	21	(	(	PUNCT
dem-2896	218	22	s&p	s&p	PROPN
dem-2896	218	23	500	500	NUM
dem-2896	218	24	)	)	PUNCT
dem-2896	218	25	0	0	NUM
dem-2896	218	26	2	2	NUM
dem-2896	218	27	4	4	NUM
dem-2896	218	28	6	6	NUM
dem-2896	218	29	8	8	NUM
dem-2896	218	30	10	10	NUM
dem-2896	218	31	12	12	NUM
dem-2896	218	32	2007	2007	NUM
dem-2896	218	33	2008	2008	NUM
dem-2896	218	34	2009	2009	NUM
dem-2896	218	35	2010	2010	NUM
dem-2896	218	36	2011	2011	NUM
dem-2896	219	1	c	c	NOUN
dem-2896	219	2	o	o	NOUN
dem-2896	220	1	n	n	CCONJ
dem-2896	220	2	d	d	X
dem-2896	220	3	it	it	PRON
dem-2896	220	4	io	io	PROPN
dem-2896	220	5	n	n	ADV
dem-2896	220	6	a	a	DET
dem-2896	220	7	l	l	NOUN
dem-2896	220	8	v	v	ADP
dem-2896	220	9	a	a	DET
dem-2896	220	10	ri	ri	NOUN
dem-2896	220	11	a	a	PRON
dem-2896	220	12	n	n	NUM
dem-2896	220	13	ce	ce	X
dem-2896	220	14	conditional	conditional	ADJ
dem-2896	220	15	variances	variance	NOUN
dem-2896	220	16	from	from	ADP
dem-2896	220	17	egarch(1	egarch(1	PROPN
dem-2896	220	18	,	,	PUNCT
dem-2896	220	19	1	1	NUM
dem-2896	220	20	)	)	PUNCT
dem-2896	220	21	(	(	PUNCT
dem-2896	220	22	wig	wig	NOUN
dem-2896	220	23	)	)	PUNCT
dem-2896	220	24	0	0	NUM
dem-2896	221	1	5	5	NUM
dem-2896	221	2	10	10	NUM
dem-2896	221	3	15	15	NUM
dem-2896	221	4	20	20	NUM
dem-2896	221	5	25	25	NUM
dem-2896	221	6	30	30	NUM
dem-2896	221	7	2007	2007	NUM
dem-2896	221	8	2008	2008	NUM
dem-2896	221	9	2009	2009	NUM
dem-2896	221	10	2010	2010	NUM
dem-2896	221	11	2011	2011	NUM
dem-2896	221	12	c	c	NOUN
dem-2896	221	13	o	o	NOUN
dem-2896	222	1	n	n	CCONJ
dem-2896	222	2	d	d	X
dem-2896	222	3	it	it	PRON
dem-2896	222	4	io	io	PROPN
dem-2896	222	5	n	n	ADV
dem-2896	222	6	a	a	DET
dem-2896	222	7	l	l	NOUN
dem-2896	222	8	v	v	ADP
dem-2896	222	9	a	a	DET
dem-2896	222	10	ri	ri	NOUN
dem-2896	222	11	a	a	PRON
dem-2896	222	12	n	n	NUM
dem-2896	222	13	ce	ce	X
dem-2896	222	14	conditional	conditional	ADJ
dem-2896	222	15	variances	variance	NOUN
dem-2896	222	16	from	from	ADP
dem-2896	222	17	egarch(1	egarch(1	PROPN
dem-2896	222	18	,	,	PUNCT
dem-2896	222	19	1	1	NUM
dem-2896	222	20	)	)	PUNCT
dem-2896	222	21	(	(	PUNCT
dem-2896	222	22	px	px	PROPN
dem-2896	222	23	)	)	PUNCT
dem-2896	222	24	0	0	NUM
dem-2896	222	25	5	5	NUM
dem-2896	222	26	10	10	NUM
dem-2896	222	27	15	15	NUM
dem-2896	222	28	20	20	NUM
dem-2896	222	29	25	25	NUM
dem-2896	222	30	2007	2007	NUM
dem-2896	222	31	2008	2008	NUM
dem-2896	222	32	2009	2009	NUM
dem-2896	222	33	2010	2010	NUM
dem-2896	222	34	2011	2011	NUM
dem-2896	223	1	c	c	NOUN
dem-2896	223	2	o	o	NOUN
dem-2896	224	1	n	n	CCONJ
dem-2896	224	2	d	d	X
dem-2896	224	3	it	it	PRON
dem-2896	224	4	io	io	PROPN
dem-2896	224	5	n	n	ADV
dem-2896	224	6	a	a	DET
dem-2896	224	7	l	l	NOUN
dem-2896	224	8	v	v	ADP
dem-2896	224	9	a	a	DET
dem-2896	224	10	ri	ri	NOUN
dem-2896	224	11	a	a	PRON
dem-2896	224	12	n	n	NUM
dem-2896	224	13	ce	ce	X
dem-2896	224	14	conditional	conditional	ADJ
dem-2896	224	15	variances	variance	NOUN
dem-2896	224	16	from	from	ADP
dem-2896	224	17	egarch(1	egarch(1	PROPN
dem-2896	224	18	,	,	PUNCT
dem-2896	224	19	1	1	NUM
dem-2896	224	20	)	)	PUNCT
dem-2896	224	21	(	(	PUNCT
dem-2896	224	22	bux	bux	NOUN
dem-2896	224	23	)	)	PUNCT
dem-2896	224	24	joanna	joanna	PROPN
dem-2896	224	25	olbryś	olbryś	PROPN
dem-2896	224	26	dynamic	dynamic	ADJ
dem-2896	224	27	econometric	econometric	ADJ
dem-2896	224	28	models	model	NOUN
dem-2896	224	29	13	13	NUM
dem-2896	224	30	(	(	PUNCT
dem-2896	224	31	2013	2013	NUM
dem-2896	224	32	)	)	PUNCT
dem-2896	224	33	33–50	33–50	NUM
dem-2896	224	34	46	46	NUM
dem-2896	224	35	table	table	NOUN
dem-2896	224	36	3a	3a	NUM
dem-2896	224	37	.	.	PUNCT
dem-2896	225	1	results	result	NOUN
dem-2896	225	2	from	from	ADP
dem-2896	225	3	the	the	DET
dem-2896	225	4	ar(1)–egarch(1	ar(1)–egarch(1	PROPN
dem-2896	225	5	,	,	PUNCT
dem-2896	225	6	1	1	NUM
dem-2896	225	7	)	)	PUNCT
dem-2896	225	8	models	model	NOUN
dem-2896	225	9	of	of	ADP
dem-2896	225	10	the	the	DET
dem-2896	225	11	four	four	NUM
dem-2896	225	12	stock	stock	NOUN
dem-2896	225	13	indexes	index	NOUN
dem-2896	225	14	:	:	PUNCT
dem-2896	225	15	s&p	s&p	PROPN
dem-2896	225	16	500	500	NUM
dem-2896	225	17	,	,	PUNCT
dem-2896	225	18	wig	wig	NOUN
dem-2896	225	19	,	,	PUNCT
dem-2896	225	20	px	px	PROPN
dem-2896	225	21	,	,	PUNCT
dem-2896	225	22	and	and	CCONJ
dem-2896	225	23	bux	bux	PROPN
dem-2896	225	24	.	.	PUNCT
dem-2896	226	1	the	the	DET
dem-2896	226	2	‘	'	PUNCT
dem-2896	226	3	down	down	ADP
dem-2896	226	4	market	market	NOUN
dem-2896	226	5	’	'	PUNCT
dem-2896	226	6	period	period	NOUN
dem-2896	226	7	from	from	ADP
dem-2896	226	8	feb	feb	PROPN
dem-2896	226	9	27	27	NUM
dem-2896	226	10	,	,	PUNCT
dem-2896	226	11	2007	2007	NUM
dem-2896	226	12	to	to	ADP
dem-2896	226	13	mar	mar	PROPN
dem-2896	226	14	9	9	NUM
dem-2896	226	15	,	,	PUNCT
dem-2896	226	16	2009	2009	NUM
dem-2896	226	17	(	(	PUNCT
dem-2896	226	18	476	476	NUM
dem-2896	226	19	daily	daily	ADV
dem-2896	226	20	open	open	ADJ
dem-2896	226	21	–	–	PUNCT
dem-2896	226	22	to	to	PART
dem-2896	226	23	–	–	PUNCT
dem-2896	226	24	close	close	VERB
dem-2896	226	25	percentage	percentage	NOUN
dem-2896	226	26	logarithmic	logarithmic	ADJ
dem-2896	226	27	returns	return	NOUN
dem-2896	226	28	)	)	PUNCT
dem-2896	226	29	new	new	PROPN
dem-2896	226	30	york	york	PROPN
dem-2896	226	31	(	(	PUNCT
dem-2896	226	32	i	i	NOUN
dem-2896	226	33	=	=	NOUN
dem-2896	226	34	1	1	X
dem-2896	226	35	)	)	PUNCT
dem-2896	226	36	warsaw	warsaw	NOUN
dem-2896	226	37	(	(	PUNCT
dem-2896	226	38	i	i	NOUN
dem-2896	226	39	=	=	NOUN
dem-2896	226	40	2	2	X
dem-2896	226	41	)	)	PUNCT
dem-2896	226	42	prague	prague	NOUN
dem-2896	226	43	(	(	PUNCT
dem-2896	226	44	i	i	NOUN
dem-2896	226	45	=	=	NOUN
dem-2896	226	46	3	3	NUM
dem-2896	226	47	)	)	PUNCT
dem-2896	226	48	budapest	budapest	NOUN
dem-2896	226	49	(	(	PUNCT
dem-2896	226	50	i	i	NOUN
dem-2896	226	51	=	=	NOUN
dem-2896	226	52	4	4	X
dem-2896	226	53	)	)	PUNCT
dem-2896	226	54	conditional	conditional	ADJ
dem-2896	226	55	mean	mean	NOUN
dem-2896	226	56	equation	equation	NOUN
dem-2896	226	57	,	,	PUNCT
dem-2896	226	58	0iφ	0iφ	NOUN
dem-2896	226	59	–	–	PUNCT
dem-2896	226	60	0.086	0.086	NUM
dem-2896	226	61	(	(	PUNCT
dem-2896	226	62	0.060	0.060	NUM
dem-2896	226	63	)	)	PUNCT
dem-2896	226	64	–	–	PUNCT
dem-2896	226	65	0.139	0.139	NUM
dem-2896	226	66	*	*	PUNCT
dem-2896	226	67	(	(	PUNCT
dem-2896	226	68	0.056	0.056	NUM
dem-2896	226	69	)	)	PUNCT
dem-2896	226	70	–	–	PUNCT
dem-2896	226	71	0.056	0.056	NUM
dem-2896	226	72	(	(	PUNCT
dem-2896	226	73	0.047	0.047	NUM
dem-2896	226	74	)	)	PUNCT
dem-2896	226	75	–	–	PUNCT
dem-2896	226	76	0.119	0.119	NUM
dem-2896	226	77	(	(	PUNCT
dem-2896	226	78	0.061	0.061	NUM
dem-2896	226	79	)	)	PUNCT
dem-2896	226	80	iφ	iφ	NOUN
dem-2896	226	81	–	–	PUNCT
dem-2896	226	82	0.141	0.141	NUM
dem-2896	226	83	*	*	SYM
dem-2896	226	84	(	(	PUNCT
dem-2896	226	85	0.041	0.041	NUM
dem-2896	226	86	)	)	PUNCT
dem-2896	226	87	–	–	PUNCT
dem-2896	226	88	0.058	0.058	NUM
dem-2896	226	89	(	(	PUNCT
dem-2896	226	90	0.043	0.043	NUM
dem-2896	226	91	)	)	PUNCT
dem-2896	226	92	–	–	PUNCT
dem-2896	226	93	0.063	0.063	NUM
dem-2896	226	94	(	(	PUNCT
dem-2896	226	95	0.048	0.048	NUM
dem-2896	226	96	)	)	PUNCT
dem-2896	226	97	0.030	0.030	NUM
dem-2896	226	98	(	(	PUNCT
dem-2896	226	99	0.047	0.047	NUM
dem-2896	226	100	)	)	PUNCT
dem-2896	226	101	conditional	conditional	ADJ
dem-2896	226	102	variance	variance	NOUN
dem-2896	226	103	equation	equation	NOUN
dem-2896	226	104	*	*	PUNCT
dem-2896	226	105	,	,	PUNCT
dem-2896	226	106	0iα	0iα	NOUN
dem-2896	226	107	–	–	PUNCT
dem-2896	226	108	0.069	0.069	NUM
dem-2896	226	109	*	*	PUNCT
dem-2896	226	110	(	(	PUNCT
dem-2896	226	111	0.028	0.028	NUM
dem-2896	226	112	)	)	PUNCT
dem-2896	226	113	–	–	PUNCT
dem-2896	226	114	0.061	0.061	NUM
dem-2896	226	115	(	(	PUNCT
dem-2896	226	116	0.034	0.034	NUM
dem-2896	226	117	)	)	PUNCT
dem-2896	226	118	–	–	PUNCT
dem-2896	226	119	0.131	0.131	NUM
dem-2896	226	120	*	*	PUNCT
dem-2896	226	121	(	(	PUNCT
dem-2896	226	122	0.052	0.052	NUM
dem-2896	226	123	)	)	PUNCT
dem-2896	226	124	–	–	PUNCT
dem-2896	226	125	0.162	0.162	NUM
dem-2896	226	126	*	*	PUNCT
dem-2896	226	127	(	(	PUNCT
dem-2896	226	128	0.058	0.058	NUM
dem-2896	226	129	)	)	PUNCT
dem-2896	226	130	iα	iα	VERB
dem-2896	226	131	0.965	0.965	NUM
dem-2896	226	132	*	*	PUNCT
dem-2896	226	133	(	(	PUNCT
dem-2896	226	134	0.009	0.009	NUM
dem-2896	226	135	)	)	PUNCT
dem-2896	226	136	0.970	0.970	NUM
dem-2896	226	137	*	*	SYM
dem-2896	226	138	(	(	PUNCT
dem-2896	226	139	0.011	0.011	NUM
dem-2896	226	140	)	)	PUNCT
dem-2896	226	141	0.960	0.960	NUM
dem-2896	226	142	*	*	PUNCT
dem-2896	226	143	(	(	PUNCT
dem-2896	226	144	0.013	0.013	NUM
dem-2896	226	145	)	)	PUNCT
dem-2896	226	146	0.972	0.972	NUM
dem-2896	226	147	*	*	SYM
dem-2896	226	148	(	(	PUNCT
dem-2896	226	149	0.016	0.016	NUM
dem-2896	226	150	)	)	PUNCT
dem-2896	226	151	iθ	iθ	NOUN
dem-2896	226	152	–	–	PUNCT
dem-2896	226	153	0.182	0.182	NUM
dem-2896	226	154	*	*	NOUN
dem-2896	226	155	(	(	PUNCT
dem-2896	226	156	0.035	0.035	NUM
dem-2896	226	157	)	)	PUNCT
dem-2896	226	158	–	–	PUNCT
dem-2896	226	159	0.127	0.127	NUM
dem-2896	226	160	*	*	PUNCT
dem-2896	226	161	(	(	PUNCT
dem-2896	226	162	0.029	0.029	NUM
dem-2896	226	163	)	)	PUNCT
dem-2896	226	164	–	–	PUNCT
dem-2896	226	165	0.136	0.136	NUM
dem-2896	226	166	*	*	SYM
dem-2896	226	167	(	(	PUNCT
dem-2896	226	168	0.043	0.043	NUM
dem-2896	226	169	)	)	PUNCT
dem-2896	226	170	–	–	PUNCT
dem-2896	226	171	0.048	0.048	NUM
dem-2896	226	172	*	*	PUNCT
dem-2896	226	173	(	(	PUNCT
dem-2896	226	174	0.038	0.038	NUM
dem-2896	226	175	)	)	PUNCT
dem-2896	226	176	iγ	iγ	ADP
dem-2896	226	177	0.117	0.117	NUM
dem-2896	226	178	*	*	PUNCT
dem-2896	226	179	(	(	PUNCT
dem-2896	226	180	0.034	0.034	NUM
dem-2896	226	181	)	)	PUNCT
dem-2896	226	182	0.098	0.098	NUM
dem-2896	226	183	*	*	PUNCT
dem-2896	226	184	(	(	PUNCT
dem-2896	226	185	0.040	0.040	NUM
dem-2896	226	186	)	)	PUNCT
dem-2896	226	187	0.188	0.188	NUM
dem-2896	226	188	*	*	PUNCT
dem-2896	226	189	(	(	PUNCT
dem-2896	226	190	0.068	0.068	NUM
dem-2896	226	191	)	)	PUNCT
dem-2896	226	192	0.250	0.250	NUM
dem-2896	226	193	*	*	SYM
dem-2896	226	194	(	(	PUNCT
dem-2896	226	195	0.082	0.082	NUM
dem-2896	226	196	)	)	PUNCT
dem-2896	226	197	conditional	conditional	ADJ
dem-2896	226	198	density	density	NOUN
dem-2896	226	199	parameters	parameter	NOUN
dem-2896	226	200	iν	iν	ADP
dem-2896	226	201	17.061	17.061	NUM
dem-2896	226	202	(	(	PUNCT
dem-2896	226	203	14.100	14.100	NUM
dem-2896	226	204	)	)	PUNCT
dem-2896	226	205	15.610	15.610	NUM
dem-2896	226	206	(	(	PUNCT
dem-2896	226	207	10.273	10.273	NUM
dem-2896	226	208	)	)	PUNCT
dem-2896	227	1	6.484	6.484	NUM
dem-2896	227	2	*	*	SYM
dem-2896	227	3	(	(	PUNCT
dem-2896	227	4	1.710	1.710	NUM
dem-2896	227	5	)	)	PUNCT
dem-2896	227	6	6.026	6.026	NUM
dem-2896	227	7	*	*	SYM
dem-2896	227	8	(	(	PUNCT
dem-2896	227	9	1.651	1.651	NUM
dem-2896	227	10	)	)	PUNCT
dem-2896	227	11	iλ	iλ	NOUN
dem-2896	227	12	–	–	PUNCT
dem-2896	227	13	0.253	0.253	NUM
dem-2896	227	14	*	*	SYM
dem-2896	227	15	(	(	PUNCT
dem-2896	227	16	0.059	0.059	NUM
dem-2896	227	17	)	)	PUNCT
dem-2896	227	18	0.017	0.017	NUM
dem-2896	227	19	(	(	PUNCT
dem-2896	227	20	0.062	0.062	NUM
dem-2896	227	21	)	)	PUNCT
dem-2896	227	22	–	–	PUNCT
dem-2896	227	23	0.126	0.126	NUM
dem-2896	227	24	(	(	PUNCT
dem-2896	227	25	0.080	0.080	NUM
dem-2896	227	26	)	)	PUNCT
dem-2896	227	27	–	–	PUNCT
dem-2896	227	28	0.025	0.025	NUM
dem-2896	227	29	(	(	PUNCT
dem-2896	227	30	0.059	0.059	NUM
dem-2896	227	31	)	)	PUNCT
dem-2896	227	32	asymmetry	asymmetry	NOUN
dem-2896	227	33	effect	effect	NOUN
dem-2896	227	34	for	for	ADP
dem-2896	227	35	market	market	NOUN
dem-2896	228	1	i	i	PRON
dem-2896	228	2	/i	/i	PUNCT
dem-2896	228	3	i	i	PRON
dem-2896	228	4	iδ	iδ	VERB
dem-2896	228	5	θ	θ	NOUN
dem-2896	228	6	γ=	γ=	PROPN
dem-2896	228	7	–	–	PUNCT
dem-2896	228	8	1.56	1.56	NUM
dem-2896	228	9	–	–	PUNCT
dem-2896	228	10	1.30	1.30	NUM
dem-2896	228	11	–	–	PUNCT
dem-2896	228	12	0.72	0.72	NUM
dem-2896	228	13	–	–	SYM
dem-2896	228	14	0.19	0.19	NUM
dem-2896	228	15	half	half	ADJ
dem-2896	228	16	–	–	PUNCT
dem-2896	228	17	life	life	NOUN
dem-2896	228	18	(	(	PUNCT
dem-2896	228	19	hl	hl	NOUN
dem-2896	228	20	)	)	PUNCT
dem-2896	228	21	19.46	19.46	NUM
dem-2896	228	22	22.76	22.76	NUM
dem-2896	228	23	16.98	16.98	NUM
dem-2896	228	24	24.41	24.41	NUM
dem-2896	228	25	log	log	NOUN
dem-2896	228	26	–	–	PUNCT
dem-2896	228	27	likelihood	likelihood	NOUN
dem-2896	228	28	–	–	PUNCT
dem-2896	228	29	841.76	841.76	NUM
dem-2896	228	30	–	–	PUNCT
dem-2896	228	31	806.98	806.98	NUM
dem-2896	228	32	–	–	PUNCT
dem-2896	228	33	763.88	763.88	NUM
dem-2896	228	34	–	–	PUNCT
dem-2896	228	35	858.78	858.78	NUM
dem-2896	228	36	bic	bic	PROPN
dem-2896	228	37	1732.82	1732.82	NUM
dem-2896	228	38	1663.26	1663.26	NUM
dem-2896	228	39	1577.06	1577.06	NUM
dem-2896	228	40	1766.86	1766.86	NUM
dem-2896	228	41	aic	aic	PROPN
dem-2896	228	42	1699.52	1699.52	NUM
dem-2896	228	43	1629.96	1629.96	NUM
dem-2896	228	44	1543.75	1543.75	NUM
dem-2896	228	45	1733.55	1733.55	NUM
dem-2896	228	46	lb(20	lb(20	NOUN
dem-2896	228	47	)	)	PUNCT
dem-2896	228	48	15.35	15.35	NUM
dem-2896	228	49	[	[	X
dem-2896	228	50	0.76	0.76	NUM
dem-2896	228	51	]	]	PUNCT
dem-2896	228	52	23.40	23.40	NUM
dem-2896	229	1	[	[	X
dem-2896	229	2	0.27	0.27	NUM
dem-2896	229	3	]	]	PUNCT
dem-2896	229	4	11.69	11.69	NUM
dem-2896	230	1	[	[	X
dem-2896	230	2	0.93	0.93	NUM
dem-2896	230	3	]	]	PUNCT
dem-2896	230	4	23.47	23.47	NUM
dem-2896	230	5	[	[	X
dem-2896	230	6	0.27	0.27	NUM
dem-2896	230	7	]	]	X
dem-2896	230	8	lb2(20	lb2(20	NOUN
dem-2896	230	9	)	)	PUNCT
dem-2896	230	10	27.21	27.21	NUM
dem-2896	231	1	[	[	X
dem-2896	231	2	0.13	0.13	NUM
dem-2896	231	3	]	]	PUNCT
dem-2896	231	4	13.60	13.60	NUM
dem-2896	232	1	[	[	X
dem-2896	232	2	0.85	0.85	NUM
dem-2896	232	3	]	]	PUNCT
dem-2896	232	4	17.09	17.09	NUM
dem-2896	233	1	[	[	X
dem-2896	233	2	0.65	0.65	NUM
dem-2896	233	3	]	]	PUNCT
dem-2896	233	4	12.19	12.19	NUM
dem-2896	233	5	[	[	X
dem-2896	233	6	0.91	0.91	NUM
dem-2896	233	7	]	]	PUNCT
dem-2896	233	8	note	note	NOUN
dem-2896	233	9	:	:	PUNCT
dem-2896	233	10	the	the	DET
dem-2896	233	11	table	table	NOUN
dem-2896	233	12	is	be	AUX
dem-2896	233	13	based	base	VERB
dem-2896	233	14	on	on	ADP
dem-2896	233	15	observations	observation	NOUN
dem-2896	233	16	during	during	ADP
dem-2896	233	17	the	the	DET
dem-2896	233	18	‘	'	PUNCT
dem-2896	233	19	down	down	ADJ
dem-2896	233	20	market	market	NOUN
dem-2896	233	21	’	'	PUNCT
dem-2896	233	22	period	period	NOUN
dem-2896	233	23	february	february	PROPN
dem-2896	233	24	27	27	NUM
dem-2896	233	25	,	,	PUNCT
dem-2896	233	26	2007	2007	NUM
dem-2896	233	27	–	–	PUNCT
dem-2896	233	28	march	march	PROPN
dem-2896	233	29	9	9	NUM
dem-2896	233	30	,	,	PUNCT
dem-2896	233	31	2009	2009	NUM
dem-2896	233	32	;	;	PUNCT
dem-2896	233	33	*	*	PUNCT
dem-2896	233	34	denotes	denote	NOUN
dem-2896	233	35	significance	significance	NOUN
dem-2896	233	36	at	at	ADP
dem-2896	233	37	the	the	DET
dem-2896	233	38	5	5	NUM
dem-2896	233	39	per	per	NOUN
dem-2896	233	40	cent	cent	NOUN
dem-2896	233	41	level	level	NOUN
dem-2896	233	42	;	;	PUNCT
dem-2896	233	43	the	the	DET
dem-2896	233	44	heteroskedastic	heteroskedastic	ADJ
dem-2896	233	45	consistent	consistent	ADJ
dem-2896	233	46	standard	standard	ADJ
dem-2896	233	47	errors	error	NOUN
dem-2896	233	48	are	be	AUX
dem-2896	233	49	in	in	ADP
dem-2896	233	50	parentheses	parenthesis	NOUN
dem-2896	233	51	;	;	PUNCT
dem-2896	233	52	the	the	DET
dem-2896	233	53	variance	variance	NOUN
dem-2896	233	54	-	-	PUNCT
dem-2896	233	55	covariance	covariance	NOUN
dem-2896	233	56	matrix	matrix	NOUN
dem-2896	233	57	of	of	ADP
dem-2896	233	58	the	the	DET
dem-2896	233	59	estimated	estimate	VERB
dem-2896	233	60	parameters	parameter	NOUN
dem-2896	233	61	is	be	AUX
dem-2896	233	62	based	base	VERB
dem-2896	233	63	on	on	ADP
dem-2896	233	64	the	the	DET
dem-2896	233	65	qml	qml	PROPN
dem-2896	233	66	algorithm	algorithm	NOUN
dem-2896	233	67	;	;	PUNCT
dem-2896	233	68	the	the	DET
dem-2896	233	69	distribution	distribution	NOUN
dem-2896	233	70	for	for	ADP
dem-2896	233	71	the	the	DET
dem-2896	233	72	innovations	innovation	NOUN
dem-2896	233	73	is	be	AUX
dem-2896	233	74	supposed	suppose	VERB
dem-2896	233	75	to	to	PART
dem-2896	233	76	be	be	AUX
dem-2896	233	77	skewed	skewed	ADJ
dem-2896	233	78	t	t	PROPN
dem-2896	233	79	;	;	PUNCT
dem-2896	233	80	;	;	PUNCT
dem-2896	233	81	ν	ν	NOUN
dem-2896	233	82	and	and	CCONJ
dem-2896	233	83	λ	λ	PROPN
dem-2896	233	84	are	be	AUX
dem-2896	233	85	conditional	conditional	ADJ
dem-2896	233	86	density	density	NOUN
dem-2896	233	87	parameters	parameter	NOUN
dem-2896	233	88	(	(	PUNCT
dem-2896	233	89	lucchetti	lucchetti	PROPN
dem-2896	233	90	,	,	PUNCT
dem-2896	233	91	balietti	balietti	PROPN
dem-2896	233	92	s	s	PROPN
dem-2896	233	93	,	,	PUNCT
dem-2896	233	94	2011	2011	NUM
dem-2896	233	95	,	,	PUNCT
dem-2896	233	96	p.	p.	NOUN
dem-2896	233	97	3	3	NUM
dem-2896	233	98	)	)	PUNCT
dem-2896	233	99	;	;	PUNCT
dem-2896	233	100	the	the	DET
dem-2896	233	101	asymmetry	asymmetry	NOUN
dem-2896	233	102	coefficient	coefficient	NOUN
dem-2896	233	103	is	be	AUX
dem-2896	233	104	defined	define	VERB
dem-2896	233	105	in	in	ADP
dem-2896	233	106	the	the	DET
dem-2896	233	107	text	text	NOUN
dem-2896	233	108	;	;	PUNCT
dem-2896	233	109	the	the	DET
dem-2896	233	110	half	half	ADJ
dem-2896	233	111	-	-	PUNCT
dem-2896	233	112	life	life	NOUN
dem-2896	233	113	is	be	AUX
dem-2896	233	114	defined	define	VERB
dem-2896	233	115	in	in	ADP
dem-2896	233	116	the	the	DET
dem-2896	233	117	text	text	NOUN
dem-2896	233	118	and	and	CCONJ
dem-2896	233	119	represents	represent	VERB
dem-2896	233	120	the	the	DET
dem-2896	233	121	time	time	NOUN
dem-2896	233	122	it	it	PRON
dem-2896	233	123	takes	take	VERB
dem-2896	233	124	for	for	SCONJ
dem-2896	233	125	the	the	DET
dem-2896	233	126	shock	shock	NOUN
dem-2896	233	127	to	to	PART
dem-2896	233	128	reduce	reduce	VERB
dem-2896	233	129	its	its	PRON
dem-2896	233	130	impact	impact	NOUN
dem-2896	233	131	by	by	ADP
dem-2896	233	132	one	one	NUM
dem-2896	233	133	-	-	PUNCT
dem-2896	233	134	half	half	NOUN
dem-2896	233	135	;	;	PUNCT
dem-2896	233	136	bic	bic	PROPN
dem-2896	233	137	and	and	CCONJ
dem-2896	233	138	aic	aic	PROPN
dem-2896	233	139	are	be	AUX
dem-2896	233	140	the	the	DET
dem-2896	233	141	information	information	NOUN
dem-2896	233	142	criterions	criterion	NOUN
dem-2896	233	143	;	;	PUNCT
dem-2896	233	144	lb(20	lb(20	NUM
dem-2896	233	145	)	)	PUNCT
dem-2896	233	146	and	and	CCONJ
dem-2896	233	147	lb2(20	lb2(20	NOUN
dem-2896	233	148	)	)	PUNCT
dem-2896	233	149	denotes	denote	VERB
dem-2896	233	150	the	the	DET
dem-2896	233	151	ljung	ljung	PROPN
dem-2896	233	152	-	-	PUNCT
dem-2896	233	153	box	box	NOUN
dem-2896	233	154	(	(	PUNCT
dem-2896	233	155	1978	1978	NUM
dem-2896	233	156	)	)	PUNCT
dem-2896	233	157	statistics	statistic	NOUN
dem-2896	233	158	for	for	ADP
dem-2896	233	159	standardized	standardized	ADJ
dem-2896	233	160	innovations	innovation	NOUN
dem-2896	233	161	and	and	CCONJ
dem-2896	233	162	squared	square	VERB
dem-2896	233	163	standardized	standardized	ADJ
dem-2896	233	164	innovations	innovation	NOUN
dem-2896	233	165	,	,	PUNCT
dem-2896	233	166	respectively	respectively	ADV
dem-2896	233	167	(	(	PUNCT
dem-2896	233	168	baillie	baillie	PROPN
dem-2896	233	169	,	,	PUNCT
dem-2896	233	170	bollerslev	bollerslev	ADJ
dem-2896	233	171	,	,	PUNCT
dem-2896	233	172	1990	1990	NUM
dem-2896	233	173	)	)	PUNCT
dem-2896	233	174	;	;	PUNCT
dem-2896	233	175	numbers	number	NOUN
dem-2896	233	176	in	in	ADP
dem-2896	233	177	brackets	bracket	NOUN
dem-2896	233	178	are	be	AUX
dem-2896	233	179	p	p	NOUN
dem-2896	233	180	-	-	PUNCT
dem-2896	233	181	values	value	NOUN
dem-2896	233	182	.	.	PUNCT
dem-2896	234	1	the	the	DET
dem-2896	234	2	results	result	NOUN
dem-2896	234	3	in	in	ADP
dem-2896	234	4	tables	table	NOUN
dem-2896	234	5	3a–3b	3a–3b	NOUN
dem-2896	234	6	clearly	clearly	ADV
dem-2896	234	7	show	show	VERB
dem-2896	234	8	that	that	SCONJ
dem-2896	234	9	the	the	DET
dem-2896	234	10	asymmetric	asymmetric	ADJ
dem-2896	234	11	effects	effect	NOUN
dem-2896	234	12	between	between	ADP
dem-2896	234	13	positive	positive	ADJ
dem-2896	234	14	and	and	CCONJ
dem-2896	234	15	negative	negative	ADJ
dem-2896	234	16	index	index	NOUN
dem-2896	234	17	return	return	NOUN
dem-2896	234	18	innovations	innovation	NOUN
dem-2896	234	19	are	be	AUX
dem-2896	234	20	especially	especially	ADV
dem-2896	234	21	strong	strong	ADJ
dem-2896	234	22	in	in	ADP
dem-2896	234	23	the	the	DET
dem-2896	234	24	‘	'	PUNCT
dem-2896	234	25	down	down	ADP
dem-2896	234	26	market	market	NOUN
dem-2896	234	27	’	'	PUNCT
dem-2896	234	28	period	period	NOUN
dem-2896	234	29	(	(	PUNCT
dem-2896	234	30	cf	cf	NOUN
dem-2896	234	31	.	.	PUNCT
dem-2896	234	32	table	table	NOUN
dem-2896	234	33	3a	3a	NUM
dem-2896	234	34	)	)	PUNCT
dem-2896	234	35	.	.	PUNCT
dem-2896	235	1	all	all	PRON
dem-2896	235	2	of	of	ADP
dem-2896	235	3	the	the	DET
dem-2896	235	4	iγ	iγ	NOUN
dem-2896	235	5	coefficients	coefficient	NOUN
dem-2896	235	6	are	be	AUX
dem-2896	235	7	significantly	significantly	ADV
dem-2896	235	8	positive	positive	ADJ
dem-2896	235	9	,	,	PUNCT
dem-2896	235	10	all	all	PRON
dem-2896	235	11	of	of	ADP
dem-2896	235	12	the	the	DET
dem-2896	235	13	iθ	iθ	NOUN
dem-2896	235	14	coefficients	coefficient	NOUN
dem-2896	235	15	are	be	AUX
dem-2896	235	16	significantly	significantly	ADV
dem-2896	235	17	negative	negative	ADJ
dem-2896	235	18	,	,	PUNCT
dem-2896	235	19	and	and	CCONJ
dem-2896	235	20	then	then	ADV
dem-2896	235	21	suitable	suitable	ADJ
dem-2896	235	22	iii	iii	NUM
dem-2896	235	23	γθδ	γθδ	PROPN
dem-2896	235	24	/=	/=	PROPN
dem-2896	235	25	coefficients	coefficient	NOUN
dem-2896	235	26	are	be	AUX
dem-2896	235	27	negative	negative	ADJ
dem-2896	235	28	,	,	PUNCT
dem-2896	235	29	therefore	therefore	ADV
dem-2896	235	30	we	we	PRON
dem-2896	235	31	conclude	conclude	VERB
dem-2896	235	32	that	that	SCONJ
dem-2896	235	33	negative	negative	ADJ
dem-2896	235	34	innovations	innovation	NOUN
dem-2896	235	35	have	have	VERB
dem-2896	235	36	a	a	DET
dem-2896	235	37	higher	high	ADJ
dem-2896	235	38	impact	impact	NOUN
dem-2896	235	39	on	on	ADP
dem-2896	235	40	the	the	DET
dem-2896	235	41	volatility	volatility	NOUN
dem-2896	235	42	than	than	ADP
dem-2896	235	43	positive	positive	ADJ
dem-2896	235	44	innovations	innovation	NOUN
dem-2896	235	45	.	.	PUNCT
dem-2896	236	1	it	it	PRON
dem-2896	236	2	is	be	AUX
dem-2896	236	3	worthwhile	worthwhile	ADJ
dem-2896	236	4	to	to	PART
dem-2896	236	5	note	note	VERB
dem-2896	236	6	that	that	SCONJ
dem-2896	236	7	the	the	DET
dem-2896	236	8	asymmetry	asymmetry	NOUN
dem-2896	236	9	effect	effect	NOUN
dem-2896	236	10	is	be	AUX
dem-2896	236	11	extremely	extremely	ADV
dem-2896	236	12	strong	strong	ADJ
dem-2896	236	13	asymmetric	asymmetric	ADJ
dem-2896	236	14	impact	impact	NOUN
dem-2896	236	15	of	of	ADP
dem-2896	236	16	innovations	innovation	NOUN
dem-2896	236	17	on	on	ADP
dem-2896	236	18	volatility	volatility	NOUN
dem-2896	236	19	…	…	PUNCT
dem-2896	236	20	dynamic	dynamic	ADJ
dem-2896	236	21	econometric	econometric	ADJ
dem-2896	236	22	models	model	NOUN
dem-2896	236	23	13	13	NUM
dem-2896	236	24	(	(	PUNCT
dem-2896	236	25	2013	2013	NUM
dem-2896	236	26	)	)	PUNCT
dem-2896	236	27	33–50	33–50	NUM
dem-2896	236	28	47	47	NUM
dem-2896	236	29	in	in	ADP
dem-2896	236	30	the	the	DET
dem-2896	236	31	case	case	NOUN
dem-2896	236	32	of	of	ADP
dem-2896	236	33	the	the	DET
dem-2896	236	34	new	new	PROPN
dem-2896	236	35	york	york	PROPN
dem-2896	236	36	(	(	PUNCT
dem-2896	236	37	56.11	56.11	NUM
dem-2896	236	38	−=δ	−=δ	NUM
dem-2896	236	39	)	)	PUNCT
dem-2896	236	40	and	and	CCONJ
dem-2896	236	41	warsaw	warsaw	PROPN
dem-2896	236	42	(	(	PUNCT
dem-2896	236	43	30.12	30.12	NUM
dem-2896	236	44	−=δ	−=δ	NUM
dem-2896	236	45	)	)	PUNCT
dem-2896	236	46	markets	market	NOUN
dem-2896	236	47	.	.	PUNCT
dem-2896	237	1	suitable	suitable	ADJ
dem-2896	237	2	half	half	ADJ
dem-2896	237	3	-	-	PUNCT
dem-2896	237	4	life	life	NOUN
dem-2896	237	5	coefficients	coefficient	NOUN
dem-2896	237	6	for	for	ADP
dem-2896	237	7	the	the	DET
dem-2896	237	8	new	new	PROPN
dem-2896	237	9	york	york	PROPN
dem-2896	237	10	,	,	PUNCT
dem-2896	237	11	warsaw	warsaw	PROPN
dem-2896	237	12	,	,	PUNCT
dem-2896	237	13	prague	prague	NOUN
dem-2896	237	14	,	,	PUNCT
dem-2896	237	15	and	and	CCONJ
dem-2896	237	16	budapest	budapest	NOUN
dem-2896	237	17	indexes	index	NOUN
dem-2896	237	18	are	be	AUX
dem-2896	237	19	equal	equal	ADJ
dem-2896	237	20	to	to	ADP
dem-2896	237	21	:	:	PUNCT
dem-2896	237	22	19.46	19.46	NUM
dem-2896	237	23	,	,	PUNCT
dem-2896	237	24	22.76	22.76	NUM
dem-2896	237	25	,	,	PUNCT
dem-2896	237	26	16.98	16.98	NUM
dem-2896	237	27	,	,	PUNCT
dem-2896	237	28	and	and	CCONJ
dem-2896	237	29	24.41	24.41	NUM
dem-2896	237	30	days	day	NOUN
dem-2896	237	31	,	,	PUNCT
dem-2896	237	32	and	and	CCONJ
dem-2896	237	33	are	be	AUX
dem-2896	237	34	numerically	numerically	ADV
dem-2896	237	35	comparable	comparable	ADJ
dem-2896	237	36	.	.	PUNCT
dem-2896	238	1	table	table	NOUN
dem-2896	238	2	3b	3b	NOUN
dem-2896	238	3	.	.	PUNCT
dem-2896	239	1	results	result	NOUN
dem-2896	239	2	from	from	ADP
dem-2896	239	3	the	the	DET
dem-2896	239	4	ar(1)–egarch(1	ar(1)–egarch(1	PROPN
dem-2896	239	5	,	,	PUNCT
dem-2896	239	6	1	1	NUM
dem-2896	239	7	)	)	PUNCT
dem-2896	239	8	models	model	NOUN
dem-2896	239	9	of	of	ADP
dem-2896	239	10	the	the	DET
dem-2896	239	11	four	four	NUM
dem-2896	239	12	stock	stock	NOUN
dem-2896	239	13	indexes	index	NOUN
dem-2896	239	14	:	:	PUNCT
dem-2896	239	15	s&p	s&p	PROPN
dem-2896	239	16	500	500	NUM
dem-2896	239	17	,	,	PUNCT
dem-2896	239	18	wig	wig	NOUN
dem-2896	239	19	,	,	PUNCT
dem-2896	239	20	px	px	PROPN
dem-2896	239	21	,	,	PUNCT
dem-2896	239	22	and	and	CCONJ
dem-2896	239	23	bux	bux	PROPN
dem-2896	239	24	.	.	PUNCT
dem-2896	240	1	the	the	DET
dem-2896	240	2	‘	'	PUNCT
dem-2896	240	3	up	up	ADP
dem-2896	240	4	market	market	NOUN
dem-2896	240	5	’	'	PUNCT
dem-2896	240	6	period	period	NOUN
dem-2896	240	7	from	from	ADP
dem-2896	240	8	mar	mar	PROPN
dem-2896	240	9	10	10	NUM
dem-2896	240	10	,	,	PUNCT
dem-2896	240	11	2009	2009	NUM
dem-2896	240	12	to	to	ADP
dem-2896	240	13	mar	mar	PROPN
dem-2896	240	14	10	10	NUM
dem-2896	240	15	,	,	PUNCT
dem-2896	240	16	2011	2011	NUM
dem-2896	240	17	(	(	PUNCT
dem-2896	240	18	476	476	NUM
dem-2896	240	19	daily	daily	ADV
dem-2896	240	20	open	open	ADJ
dem-2896	240	21	–	–	PUNCT
dem-2896	240	22	to	to	PART
dem-2896	240	23	–	–	PUNCT
dem-2896	240	24	close	close	VERB
dem-2896	240	25	percentage	percentage	NOUN
dem-2896	240	26	logarithmic	logarithmic	ADJ
dem-2896	240	27	returns	return	NOUN
dem-2896	240	28	)	)	PUNCT
dem-2896	240	29	new	new	PROPN
dem-2896	240	30	york	york	PROPN
dem-2896	240	31	(	(	PUNCT
dem-2896	240	32	i	i	NOUN
dem-2896	240	33	=	=	NOUN
dem-2896	240	34	1	1	X
dem-2896	240	35	)	)	PUNCT
dem-2896	240	36	warsaw	warsaw	NOUN
dem-2896	240	37	(	(	PUNCT
dem-2896	240	38	i	i	NOUN
dem-2896	240	39	=	=	NOUN
dem-2896	240	40	2	2	X
dem-2896	240	41	)	)	PUNCT
dem-2896	240	42	prague	prague	NOUN
dem-2896	240	43	(	(	PUNCT
dem-2896	240	44	i	i	NOUN
dem-2896	240	45	=	=	NOUN
dem-2896	240	46	3	3	NUM
dem-2896	240	47	)	)	PUNCT
dem-2896	240	48	budapest	budapest	NOUN
dem-2896	240	49	(	(	PUNCT
dem-2896	240	50	i	i	NOUN
dem-2896	240	51	=	=	NOUN
dem-2896	240	52	4	4	X
dem-2896	240	53	)	)	PUNCT
dem-2896	240	54	conditional	conditional	ADJ
dem-2896	240	55	mean	mean	NOUN
dem-2896	240	56	equation	equation	NOUN
dem-2896	240	57	,	,	PUNCT
dem-2896	240	58	0iφ	0iφ	NOUN
dem-2896	240	59	0.101	0.101	NUM
dem-2896	240	60	*	*	PUNCT
dem-2896	240	61	(	(	PUNCT
dem-2896	240	62	0.000	0.000	NUM
dem-2896	240	63	)	)	PUNCT
dem-2896	240	64	–	–	PUNCT
dem-2896	240	65	0.0003	0.0003	NUM
dem-2896	240	66	(	(	PUNCT
dem-2896	240	67	0.042	0.042	NUM
dem-2896	240	68	)	)	PUNCT
dem-2896	240	69	–	–	PUNCT
dem-2896	240	70	0.065	0.065	NUM
dem-2896	240	71	(	(	PUNCT
dem-2896	240	72	0.043	0.043	NUM
dem-2896	240	73	)	)	PUNCT
dem-2896	240	74	–	–	PUNCT
dem-2896	240	75	0.028	0.028	NUM
dem-2896	240	76	(	(	PUNCT
dem-2896	240	77	0.067	0.067	NUM
dem-2896	240	78	)	)	PUNCT
dem-2896	240	79	iφ	iφ	NOUN
dem-2896	240	80	–	–	PUNCT
dem-2896	240	81	0.065	0.065	NUM
dem-2896	240	82	*	*	PUNCT
dem-2896	240	83	(	(	PUNCT
dem-2896	240	84	0.000	0.000	NUM
dem-2896	240	85	)	)	PUNCT
dem-2896	240	86	0.016	0.016	NUM
dem-2896	240	87	(	(	PUNCT
dem-2896	240	88	0.049	0.049	NUM
dem-2896	240	89	)	)	PUNCT
dem-2896	240	90	–	–	PUNCT
dem-2896	240	91	0.010	0.010	NUM
dem-2896	240	92	(	(	PUNCT
dem-2896	240	93	0.039	0.039	NUM
dem-2896	240	94	)	)	PUNCT
dem-2896	240	95	–	–	PUNCT
dem-2896	240	96	0.071	0.071	NUM
dem-2896	240	97	(	(	PUNCT
dem-2896	240	98	0.052	0.052	NUM
dem-2896	240	99	)	)	PUNCT
dem-2896	240	100	conditional	conditional	ADJ
dem-2896	240	101	variance	variance	NOUN
dem-2896	240	102	equation	equation	NOUN
dem-2896	240	103	*	*	PUNCT
dem-2896	240	104	,	,	PUNCT
dem-2896	240	105	0iα	0iα	NOUN
dem-2896	240	106	–	–	PUNCT
dem-2896	240	107	0.159	0.159	NUM
dem-2896	240	108	*	*	SYM
dem-2896	240	109	(	(	PUNCT
dem-2896	240	110	0.034	0.034	NUM
dem-2896	240	111	)	)	PUNCT
dem-2896	240	112	–	–	PUNCT
dem-2896	240	113	0.129	0.129	NUM
dem-2896	240	114	*	*	PUNCT
dem-2896	240	115	(	(	PUNCT
dem-2896	240	116	0.054	0.054	NUM
dem-2896	240	117	)	)	PUNCT
dem-2896	240	118	–	–	PUNCT
dem-2896	240	119	0.146	0.146	NUM
dem-2896	240	120	*	*	PUNCT
dem-2896	240	121	(	(	PUNCT
dem-2896	240	122	0.068	0.068	NUM
dem-2896	240	123	)	)	PUNCT
dem-2896	240	124	–	–	PUNCT
dem-2896	240	125	0.074	0.074	NUM
dem-2896	240	126	(	(	PUNCT
dem-2896	240	127	0.049	0.049	NUM
dem-2896	240	128	)	)	PUNCT
dem-2896	240	129	iα	iα	VERB
dem-2896	240	130	0.971	0.971	NUM
dem-2896	240	131	*	*	PUNCT
dem-2896	240	132	(	(	PUNCT
dem-2896	240	133	0.016	0.016	NUM
dem-2896	240	134	)	)	PUNCT
dem-2896	240	135	0.984	0.984	NUM
dem-2896	240	136	*	*	SYM
dem-2896	240	137	(	(	PUNCT
dem-2896	240	138	0.013	0.013	NUM
dem-2896	240	139	)	)	PUNCT
dem-2896	240	140	0.962	0.962	NUM
dem-2896	240	141	*	*	SYM
dem-2896	240	142	(	(	PUNCT
dem-2896	240	143	0.032	0.032	NUM
dem-2896	240	144	)	)	PUNCT
dem-2896	240	145	0.989	0.989	NUM
dem-2896	240	146	*	*	PUNCT
dem-2896	240	147	(	(	PUNCT
dem-2896	240	148	0.015	0.015	NUM
dem-2896	240	149	)	)	PUNCT
dem-2896	240	150	iθ	iθ	NOUN
dem-2896	240	151	–	–	PUNCT
dem-2896	240	152	0.112	0.112	NUM
dem-2896	240	153	*	*	PUNCT
dem-2896	240	154	(	(	PUNCT
dem-2896	240	155	0.041	0.041	NUM
dem-2896	240	156	)	)	PUNCT
dem-2896	240	157	–	–	PUNCT
dem-2896	240	158	0.037	0.037	NUM
dem-2896	240	159	(	(	PUNCT
dem-2896	240	160	0.034	0.034	NUM
dem-2896	240	161	)	)	PUNCT
dem-2896	240	162	0.026	0.026	NUM
dem-2896	240	163	(	(	PUNCT
dem-2896	240	164	0.036	0.036	NUM
dem-2896	240	165	)	)	PUNCT
dem-2896	240	166	–	–	PUNCT
dem-2896	240	167	0.006	0.006	NUM
dem-2896	240	168	(	(	PUNCT
dem-2896	240	169	0.025	0.025	NUM
dem-2896	240	170	)	)	PUNCT
dem-2896	240	171	iγ	iγ	ADP
dem-2896	240	172	0.216	0.216	NUM
dem-2896	240	173	*	*	SYM
dem-2896	240	174	(	(	PUNCT
dem-2896	240	175	0.048	0.048	NUM
dem-2896	240	176	)	)	PUNCT
dem-2896	240	177	0.162	0.162	NUM
dem-2896	240	178	*	*	SYM
dem-2896	240	179	(	(	PUNCT
dem-2896	240	180	0.071	0.071	NUM
dem-2896	240	181	)	)	PUNCT
dem-2896	240	182	0.193	0.193	NUM
dem-2896	240	183	*	*	SYM
dem-2896	240	184	(	(	PUNCT
dem-2896	240	185	0.096	0.096	NUM
dem-2896	240	186	)	)	PUNCT
dem-2896	240	187	0.105	0.105	NUM
dem-2896	240	188	(	(	PUNCT
dem-2896	240	189	0.075	0.075	NUM
dem-2896	240	190	)	)	PUNCT
dem-2896	240	191	conditional	conditional	ADJ
dem-2896	240	192	density	density	NOUN
dem-2896	240	193	parameters	parameter	NOUN
dem-2896	240	194	iν	iν	ADP
dem-2896	240	195	5.439	5.439	NUM
dem-2896	240	196	*	*	PUNCT
dem-2896	240	197	(	(	PUNCT
dem-2896	240	198	1.183	1.183	NUM
dem-2896	240	199	)	)	PUNCT
dem-2896	240	200	9.942	9.942	NUM
dem-2896	240	201	*	*	SYM
dem-2896	240	202	(	(	PUNCT
dem-2896	240	203	3.997	3.997	NUM
dem-2896	240	204	)	)	PUNCT
dem-2896	240	205	5.412	5.412	NUM
dem-2896	240	206	*	*	PUNCT
dem-2896	240	207	(	(	PUNCT
dem-2896	240	208	1.215	1.215	NUM
dem-2896	240	209	)	)	PUNCT
dem-2896	240	210	10.093	10.093	NUM
dem-2896	240	211	*	*	SYM
dem-2896	240	212	(	(	PUNCT
dem-2896	240	213	3.981	3.981	NUM
dem-2896	240	214	)	)	PUNCT
dem-2896	240	215	iλ	iλ	NOUN
dem-2896	240	216	–	–	PUNCT
dem-2896	240	217	0.148	0.148	NUM
dem-2896	240	218	*	*	PUNCT
dem-2896	240	219	(	(	PUNCT
dem-2896	240	220	0.051	0.051	NUM
dem-2896	240	221	)	)	PUNCT
dem-2896	240	222	0.057	0.057	NUM
dem-2896	240	223	(	(	PUNCT
dem-2896	240	224	0.070	0.070	NUM
dem-2896	240	225	)	)	PUNCT
dem-2896	240	226	–	–	PUNCT
dem-2896	240	227	0.021	0.021	NUM
dem-2896	240	228	(	(	PUNCT
dem-2896	240	229	0.064	0.064	NUM
dem-2896	240	230	)	)	PUNCT
dem-2896	240	231	0.045	0.045	NUM
dem-2896	240	232	(	(	PUNCT
dem-2896	240	233	0.066	0.066	NUM
dem-2896	240	234	)	)	PUNCT
dem-2896	240	235	asymmetry	asymmetry	NOUN
dem-2896	240	236	effect	effect	NOUN
dem-2896	240	237	for	for	ADP
dem-2896	240	238	market	market	NOUN
dem-2896	241	1	i	i	PRON
dem-2896	241	2	/i	/i	PUNCT
dem-2896	241	3	i	i	PRON
dem-2896	241	4	iδ	iδ	VERB
dem-2896	241	5	θ	θ	NOUN
dem-2896	241	6	γ=	γ=	VERB
dem-2896	241	7	–	–	PUNCT
dem-2896	241	8	0.52	0.52	NUM
dem-2896	241	9	–	–	PUNCT
dem-2896	241	10	0.23	0.23	NUM
dem-2896	241	11	0.13	0.13	NUM
dem-2896	241	12	–	–	PUNCT
dem-2896	241	13	0.06	0.06	NUM
dem-2896	241	14	half	half	ADJ
dem-2896	241	15	–	–	PUNCT
dem-2896	241	16	life	life	NOUN
dem-2896	241	17	(	(	PUNCT
dem-2896	241	18	hl	hl	NOUN
dem-2896	241	19	)	)	PUNCT
dem-2896	241	20	23.55	23.55	NUM
dem-2896	241	21	42.97	42.97	NUM
dem-2896	241	22	17.89	17.89	NUM
dem-2896	241	23	62.67	62.67	NUM
dem-2896	241	24	log	log	NOUN
dem-2896	241	25	–	–	PUNCT
dem-2896	241	26	likelihood	likelihood	NOUN
dem-2896	241	27	–	–	PUNCT
dem-2896	241	28	674.60	674.60	NUM
dem-2896	241	29	–	–	PUNCT
dem-2896	241	30	678.30	678.30	NUM
dem-2896	241	31	–	–	PUNCT
dem-2896	241	32	649.60	649.60	NUM
dem-2896	241	33	–	–	PUNCT
dem-2896	241	34	892.64	892.64	NUM
dem-2896	241	35	bic	bic	NOUN
dem-2896	241	36	1398.51	1398.51	NUM
dem-2896	241	37	1405.90	1405.90	NUM
dem-2896	241	38	1348.51	1348.51	NUM
dem-2896	241	39	1834.60	1834.60	NUM
dem-2896	241	40	aic	aic	PROPN
dem-2896	241	41	1365.21	1365.21	NUM
dem-2896	241	42	1372.59	1372.59	NUM
dem-2896	241	43	1315.20	1315.20	NUM
dem-2896	241	44	1801.29	1801.29	NUM
dem-2896	241	45	lb(20	lb(20	PROPN
dem-2896	241	46	)	)	PUNCT
dem-2896	241	47	19.77	19.77	NUM
dem-2896	242	1	[	[	X
dem-2896	242	2	0.47	0.47	NUM
dem-2896	242	3	]	]	X
dem-2896	242	4	21.10	21.10	NUM
dem-2896	243	1	[	[	X
dem-2896	243	2	0.39	0.39	NUM
dem-2896	243	3	]	]	PUNCT
dem-2896	243	4	11.03	11.03	NUM
dem-2896	244	1	[	[	X
dem-2896	244	2	0.95	0.95	NUM
dem-2896	244	3	]	]	PUNCT
dem-2896	244	4	26.96	26.96	NUM
dem-2896	244	5	[	[	X
dem-2896	244	6	0.14	0.14	NUM
dem-2896	244	7	]	]	SYM
dem-2896	244	8	lb2(20	lb2(20	NOUN
dem-2896	244	9	)	)	PUNCT
dem-2896	244	10	23.61	23.61	NUM
dem-2896	245	1	[	[	X
dem-2896	245	2	0.26	0.26	NUM
dem-2896	245	3	]	]	PUNCT
dem-2896	245	4	10.76	10.76	NUM
dem-2896	246	1	[	[	X
dem-2896	246	2	0.95	0.95	NUM
dem-2896	246	3	]	]	PUNCT
dem-2896	246	4	19.01	19.01	NUM
dem-2896	247	1	[	[	X
dem-2896	247	2	0.52	0.52	NUM
dem-2896	247	3	]	]	PUNCT
dem-2896	247	4	11.27	11.27	NUM
dem-2896	247	5	[	[	X
dem-2896	247	6	0.94	0.94	NUM
dem-2896	247	7	]	]	PUNCT
dem-2896	247	8	note	note	NOUN
dem-2896	247	9	:	:	PUNCT
dem-2896	247	10	the	the	DET
dem-2896	247	11	table	table	NOUN
dem-2896	247	12	is	be	AUX
dem-2896	247	13	based	base	VERB
dem-2896	247	14	on	on	ADP
dem-2896	247	15	observations	observation	NOUN
dem-2896	247	16	during	during	ADP
dem-2896	247	17	the	the	DET
dem-2896	247	18	‘	'	PUNCT
dem-2896	247	19	up	up	ADP
dem-2896	247	20	market	market	NOUN
dem-2896	247	21	’	'	PUNCT
dem-2896	247	22	period	period	NOUN
dem-2896	247	23	march	march	PROPN
dem-2896	247	24	10	10	NUM
dem-2896	247	25	,	,	PUNCT
dem-2896	247	26	2009	2009	NUM
dem-2896	247	27	–	–	PUNCT
dem-2896	247	28	march	march	NOUN
dem-2896	247	29	10	10	NUM
dem-2896	247	30	,	,	PUNCT
dem-2896	247	31	2011	2011	NUM
dem-2896	247	32	;	;	PUNCT
dem-2896	247	33	*	*	PUNCT
dem-2896	247	34	denotes	denote	NOUN
dem-2896	247	35	significance	significance	NOUN
dem-2896	247	36	at	at	ADP
dem-2896	247	37	the	the	DET
dem-2896	247	38	5	5	NUM
dem-2896	247	39	per	per	NOUN
dem-2896	247	40	cent	cent	NOUN
dem-2896	247	41	level	level	NOUN
dem-2896	247	42	;	;	PUNCT
dem-2896	247	43	the	the	DET
dem-2896	247	44	heteroskedastic	heteroskedastic	ADJ
dem-2896	247	45	consistent	consistent	ADJ
dem-2896	247	46	standard	standard	ADJ
dem-2896	247	47	errors	error	NOUN
dem-2896	247	48	are	be	AUX
dem-2896	247	49	in	in	ADP
dem-2896	247	50	parentheses	parenthesis	NOUN
dem-2896	247	51	;	;	PUNCT
dem-2896	247	52	the	the	DET
dem-2896	247	53	variance	variance	NOUN
dem-2896	247	54	-	-	PUNCT
dem-2896	247	55	covariance	covariance	NOUN
dem-2896	247	56	matrix	matrix	NOUN
dem-2896	247	57	of	of	ADP
dem-2896	247	58	the	the	DET
dem-2896	247	59	estimated	estimate	VERB
dem-2896	247	60	parameters	parameter	NOUN
dem-2896	247	61	is	be	AUX
dem-2896	247	62	based	base	VERB
dem-2896	247	63	on	on	ADP
dem-2896	247	64	the	the	DET
dem-2896	247	65	qml	qml	PROPN
dem-2896	247	66	algorithm	algorithm	NOUN
dem-2896	247	67	;	;	PUNCT
dem-2896	247	68	the	the	DET
dem-2896	247	69	distribution	distribution	NOUN
dem-2896	247	70	for	for	ADP
dem-2896	247	71	the	the	DET
dem-2896	247	72	innovations	innovation	NOUN
dem-2896	247	73	is	be	AUX
dem-2896	247	74	supposed	suppose	VERB
dem-2896	247	75	to	to	PART
dem-2896	247	76	be	be	AUX
dem-2896	247	77	skewed	skewed	ADJ
dem-2896	247	78	t	t	PROPN
dem-2896	247	79	;	;	PUNCT
dem-2896	247	80	;	;	PUNCT
dem-2896	247	81	ν	ν	NOUN
dem-2896	247	82	and	and	CCONJ
dem-2896	247	83	λ	λ	PROPN
dem-2896	247	84	are	be	AUX
dem-2896	247	85	conditional	conditional	ADJ
dem-2896	247	86	density	density	NOUN
dem-2896	247	87	parameters	parameter	NOUN
dem-2896	247	88	(	(	PUNCT
dem-2896	247	89	lucchetti	lucchetti	PROPN
dem-2896	247	90	,	,	PUNCT
dem-2896	247	91	balietti	balietti	PROPN
dem-2896	247	92	s	s	PROPN
dem-2896	247	93	,	,	PUNCT
dem-2896	247	94	2011	2011	NUM
dem-2896	247	95	,	,	PUNCT
dem-2896	247	96	p.	p.	NOUN
dem-2896	247	97	3	3	NUM
dem-2896	247	98	)	)	PUNCT
dem-2896	247	99	;	;	PUNCT
dem-2896	247	100	the	the	DET
dem-2896	247	101	asymmetry	asymmetry	NOUN
dem-2896	247	102	coefficient	coefficient	NOUN
dem-2896	247	103	is	be	AUX
dem-2896	247	104	defined	define	VERB
dem-2896	247	105	in	in	ADP
dem-2896	247	106	the	the	DET
dem-2896	247	107	text	text	NOUN
dem-2896	247	108	;	;	PUNCT
dem-2896	247	109	the	the	DET
dem-2896	247	110	half	half	ADJ
dem-2896	247	111	-	-	PUNCT
dem-2896	247	112	life	life	NOUN
dem-2896	247	113	is	be	AUX
dem-2896	247	114	defined	define	VERB
dem-2896	247	115	in	in	ADP
dem-2896	247	116	the	the	DET
dem-2896	247	117	text	text	NOUN
dem-2896	247	118	and	and	CCONJ
dem-2896	247	119	represents	represent	VERB
dem-2896	247	120	the	the	DET
dem-2896	247	121	time	time	NOUN
dem-2896	247	122	it	it	PRON
dem-2896	247	123	takes	take	VERB
dem-2896	247	124	for	for	SCONJ
dem-2896	247	125	the	the	DET
dem-2896	247	126	shock	shock	NOUN
dem-2896	247	127	to	to	PART
dem-2896	247	128	reduce	reduce	VERB
dem-2896	247	129	its	its	PRON
dem-2896	247	130	impact	impact	NOUN
dem-2896	247	131	by	by	ADP
dem-2896	247	132	one	one	NUM
dem-2896	247	133	-	-	PUNCT
dem-2896	247	134	half	half	NOUN
dem-2896	247	135	;	;	PUNCT
dem-2896	247	136	bic	bic	PROPN
dem-2896	247	137	and	and	CCONJ
dem-2896	247	138	aic	aic	PROPN
dem-2896	247	139	are	be	AUX
dem-2896	247	140	the	the	DET
dem-2896	247	141	information	information	NOUN
dem-2896	247	142	criterions	criterion	NOUN
dem-2896	247	143	;	;	PUNCT
dem-2896	247	144	lb(20	lb(20	NUM
dem-2896	247	145	)	)	PUNCT
dem-2896	247	146	and	and	CCONJ
dem-2896	247	147	lb2(20	lb2(20	NOUN
dem-2896	247	148	)	)	PUNCT
dem-2896	247	149	denotes	denote	VERB
dem-2896	247	150	the	the	DET
dem-2896	247	151	ljung	ljung	PROPN
dem-2896	247	152	-	-	PUNCT
dem-2896	247	153	box	box	NOUN
dem-2896	247	154	(	(	PUNCT
dem-2896	247	155	1978	1978	NUM
dem-2896	247	156	)	)	PUNCT
dem-2896	247	157	statistics	statistic	NOUN
dem-2896	247	158	for	for	ADP
dem-2896	247	159	standardized	standardized	ADJ
dem-2896	247	160	innovations	innovation	NOUN
dem-2896	247	161	and	and	CCONJ
dem-2896	247	162	squared	square	VERB
dem-2896	247	163	standardized	standardized	ADJ
dem-2896	247	164	innovations	innovation	NOUN
dem-2896	247	165	,	,	PUNCT
dem-2896	247	166	respectively	respectively	ADV
dem-2896	247	167	(	(	PUNCT
dem-2896	247	168	baillie	baillie	PROPN
dem-2896	247	169	,	,	PUNCT
dem-2896	247	170	bollerslev	bollerslev	ADJ
dem-2896	247	171	,	,	PUNCT
dem-2896	247	172	1990	1990	NUM
dem-2896	247	173	)	)	PUNCT
dem-2896	247	174	;	;	PUNCT
dem-2896	247	175	numbers	number	NOUN
dem-2896	247	176	in	in	ADP
dem-2896	247	177	brackets	bracket	NOUN
dem-2896	247	178	are	be	AUX
dem-2896	247	179	p	p	NOUN
dem-2896	247	180	-	-	PUNCT
dem-2896	247	181	values	value	NOUN
dem-2896	247	182	.	.	PUNCT
dem-2896	248	1	as	as	ADP
dem-2896	248	2	for	for	ADP
dem-2896	248	3	the	the	DET
dem-2896	248	4	‘	'	PUNCT
dem-2896	248	5	up	up	ADP
dem-2896	248	6	market	market	NOUN
dem-2896	248	7	’	'	PUNCT
dem-2896	248	8	period	period	NOUN
dem-2896	248	9	the	the	DET
dem-2896	248	10	evidence	evidence	NOUN
dem-2896	248	11	is	be	AUX
dem-2896	248	12	that	that	SCONJ
dem-2896	248	13	the	the	DET
dem-2896	248	14	estimated	estimate	VERB
dem-2896	248	15	univariate	univariate	ADJ
dem-2896	248	16	egarch	egarch	NOUN
dem-2896	248	17	models	model	NOUN
dem-2896	248	18	are	be	AUX
dem-2896	248	19	qualitatively	qualitatively	ADV
dem-2896	248	20	rather	rather	ADV
dem-2896	248	21	poor	poor	ADJ
dem-2896	248	22	.	.	PUNCT
dem-2896	249	1	most	most	ADJ
dem-2896	249	2	of	of	ADP
dem-2896	249	3	the	the	DET
dem-2896	249	4	parameters	parameter	NOUN
dem-2896	249	5	are	be	AUX
dem-2896	249	6	not	not	PART
dem-2896	249	7	statistically	statistically	ADV
dem-2896	249	8	significant	significant	ADJ
dem-2896	249	9	at	at	ADP
dem-2896	249	10	the	the	DET
dem-2896	249	11	5	5	NUM
dem-2896	249	12	per	per	NOUN
dem-2896	249	13	cent	cent	NOUN
dem-2896	249	14	level	level	NOUN
dem-2896	249	15	.	.	PUNCT
dem-2896	250	1	essentially	essentially	ADV
dem-2896	250	2	,	,	PUNCT
dem-2896	250	3	the	the	DET
dem-2896	250	4	research	research	NOUN
dem-2896	250	5	provides	provide	VERB
dem-2896	250	6	evidence	evidence	NOUN
dem-2896	250	7	that	that	SCONJ
dem-2896	250	8	the	the	DET
dem-2896	250	9	four	four	NUM
dem-2896	250	10	markets	market	NOUN
dem-2896	250	11	are	be	AUX
dem-2896	250	12	not	not	PART
dem-2896	250	13	homogeneous	homogeneous	ADJ
dem-2896	250	14	joanna	joanna	NOUN
dem-2896	250	15	olbryś	olbryś	PROPN
dem-2896	250	16	dynamic	dynamic	ADJ
dem-2896	250	17	econometric	econometric	ADJ
dem-2896	250	18	models	model	NOUN
dem-2896	250	19	13	13	NUM
dem-2896	250	20	(	(	PUNCT
dem-2896	250	21	2013	2013	NUM
dem-2896	250	22	)	)	PUNCT
dem-2896	250	23	33–50	33–50	NUM
dem-2896	250	24	48	48	NUM
dem-2896	250	25	regarding	regard	VERB
dem-2896	250	26	the	the	DET
dem-2896	250	27	asymmetric	asymmetric	ADJ
dem-2896	250	28	impact	impact	NOUN
dem-2896	250	29	of	of	ADP
dem-2896	250	30	innovations	innovation	NOUN
dem-2896	250	31	on	on	ADP
dem-2896	250	32	volatility	volatility	NOUN
dem-2896	250	33	in	in	ADP
dem-2896	250	34	the	the	DET
dem-2896	250	35	‘	'	PUNCT
dem-2896	250	36	up	up	ADP
dem-2896	250	37	market	market	NOUN
dem-2896	250	38	’	'	PUNCT
dem-2896	250	39	period	period	NOUN
dem-2896	250	40	,	,	PUNCT
dem-2896	250	41	as	as	ADV
dem-2896	250	42	well	well	ADV
dem-2896	250	43	as	as	ADP
dem-2896	250	44	the	the	DET
dem-2896	250	45	half	half	ADJ
dem-2896	250	46	-	-	PUNCT
dem-2896	250	47	life	life	NOUN
dem-2896	250	48	coefficient	coefficient	NOUN
dem-2896	250	49	size	size	NOUN
dem-2896	250	50	.	.	PUNCT
dem-2896	251	1	the	the	DET
dem-2896	251	2	asymmetric	asymmetric	ADJ
dem-2896	251	3	effects	effect	NOUN
dem-2896	251	4	between	between	ADP
dem-2896	251	5	positive	positive	ADJ
dem-2896	251	6	and	and	CCONJ
dem-2896	251	7	negative	negative	ADJ
dem-2896	251	8	index	index	NOUN
dem-2896	251	9	return	return	NOUN
dem-2896	251	10	innovations	innovation	NOUN
dem-2896	251	11	are	be	AUX
dem-2896	251	12	present	present	ADJ
dem-2896	251	13	in	in	ADP
dem-2896	251	14	the	the	DET
dem-2896	251	15	case	case	NOUN
dem-2896	251	16	of	of	ADP
dem-2896	251	17	three	three	NUM
dem-2896	251	18	markets	market	NOUN
dem-2896	251	19	(	(	PUNCT
dem-2896	251	20	i.e.	i.e.	X
dem-2896	251	21	new	new	PROPN
dem-2896	251	22	york	york	PROPN
dem-2896	251	23	,	,	PUNCT
dem-2896	251	24	warsaw	warsaw	PROPN
dem-2896	251	25	,	,	PUNCT
dem-2896	251	26	and	and	CCONJ
dem-2896	251	27	budapest	budapest	NOUN
dem-2896	251	28	)	)	PUNCT
dem-2896	251	29	.	.	PUNCT
dem-2896	252	1	suitable	suitable	ADJ
dem-2896	252	2	half	half	ADJ
dem-2896	252	3	–	–	PUNCT
dem-2896	252	4	life	life	NOUN
dem-2896	252	5	coefficients	coefficient	NOUN
dem-2896	252	6	for	for	ADP
dem-2896	252	7	the	the	DET
dem-2896	252	8	new	new	PROPN
dem-2896	252	9	york	york	PROPN
dem-2896	252	10	,	,	PUNCT
dem-2896	252	11	warsaw	warsaw	PROPN
dem-2896	252	12	,	,	PUNCT
dem-2896	252	13	prague	prague	NOUN
dem-2896	252	14	,	,	PUNCT
dem-2896	252	15	and	and	CCONJ
dem-2896	252	16	budapest	budapest	NOUN
dem-2896	252	17	indexes	index	NOUN
dem-2896	252	18	are	be	AUX
dem-2896	252	19	equal	equal	ADJ
dem-2896	252	20	to	to	ADP
dem-2896	252	21	:	:	PUNCT
dem-2896	252	22	23.55	23.55	NUM
dem-2896	252	23	,	,	PUNCT
dem-2896	252	24	42.97	42.97	NUM
dem-2896	252	25	,	,	PUNCT
dem-2896	252	26	17.89	17.89	NUM
dem-2896	252	27	,	,	PUNCT
dem-2896	252	28	and	and	CCONJ
dem-2896	252	29	62.67	62.67	NUM
dem-2896	252	30	days	day	NOUN
dem-2896	252	31	,	,	PUNCT
dem-2896	252	32	and	and	CCONJ
dem-2896	252	33	are	be	AUX
dem-2896	252	34	substantially	substantially	ADV
dem-2896	252	35	higher	high	ADJ
dem-2896	252	36	compared	compare	VERB
dem-2896	252	37	those	those	PRON
dem-2896	252	38	in	in	ADP
dem-2896	252	39	the	the	DET
dem-2896	252	40	‘	'	PUNCT
dem-2896	252	41	down	down	ADP
dem-2896	252	42	market	market	NOUN
dem-2896	252	43	’	'	PUNCT
dem-2896	252	44	period	period	NOUN
dem-2896	252	45	.	.	PUNCT
dem-2896	253	1	this	this	DET
dem-2896	253	2	evidence	evidence	NOUN
dem-2896	253	3	confirms	confirm	VERB
dem-2896	253	4	that	that	SCONJ
dem-2896	253	5	the	the	DET
dem-2896	253	6	four	four	NUM
dem-2896	253	7	stock	stock	NOUN
dem-2896	253	8	markets	market	NOUN
dem-2896	253	9	are	be	AUX
dem-2896	253	10	more	more	ADV
dem-2896	253	11	sensitive	sensitive	ADJ
dem-2896	253	12	to	to	ADP
dem-2896	253	13	‘	'	PUNCT
dem-2896	253	14	bad	bad	ADJ
dem-2896	253	15	’	'	PUNCT
dem-2896	253	16	than	than	ADP
dem-2896	253	17	‘	'	PUNCT
dem-2896	253	18	good	good	ADJ
dem-2896	253	19	’	'	PUNCT
dem-2896	253	20	news	news	NOUN
dem-2896	253	21	.	.	PUNCT
dem-2896	254	1	conclusions	conclusion	NOUN
dem-2896	254	2	our	our	PRON
dem-2896	254	3	research	research	NOUN
dem-2896	254	4	provides	provide	VERB
dem-2896	254	5	evidence	evidence	NOUN
dem-2896	254	6	for	for	ADP
dem-2896	254	7	pronounced	pronounce	VERB
dem-2896	254	8	asymmetric	asymmetric	ADJ
dem-2896	254	9	impact	impact	NOUN
dem-2896	254	10	of	of	ADP
dem-2896	254	11	innovations	innovation	NOUN
dem-2896	254	12	on	on	ADP
dem-2896	254	13	volatility	volatility	NOUN
dem-2896	254	14	in	in	ADP
dem-2896	254	15	the	the	DET
dem-2896	254	16	case	case	NOUN
dem-2896	254	17	of	of	ADP
dem-2896	254	18	the	the	DET
dem-2896	254	19	us	us	PROPN
dem-2896	254	20	and	and	CCONJ
dem-2896	254	21	ceec–3	ceec–3	NOUN
dem-2896	254	22	markets	market	NOUN
dem-2896	254	23	,	,	PUNCT
dem-2896	254	24	especially	especially	ADV
dem-2896	254	25	in	in	ADP
dem-2896	254	26	the	the	DET
dem-2896	254	27	‘	'	PUNCT
dem-2896	254	28	down	down	ADP
dem-2896	254	29	market	market	NOUN
dem-2896	254	30	’	'	PUNCT
dem-2896	254	31	period	period	NOUN
dem-2896	254	32	(	(	PUNCT
dem-2896	254	33	feb	feb	PROPN
dem-2896	254	34	27	27	NUM
dem-2896	254	35	,	,	PUNCT
dem-2896	254	36	2007	2007	NUM
dem-2896	254	37	–	–	PUNCT
dem-2896	254	38	march	march	PROPN
dem-2896	254	39	9	9	NUM
dem-2896	254	40	,	,	PUNCT
dem-2896	254	41	2009	2009	NUM
dem-2896	254	42	)	)	PUNCT
dem-2896	254	43	.	.	PUNCT
dem-2896	255	1	we	we	PRON
dem-2896	255	2	conclude	conclude	VERB
dem-2896	255	3	that	that	SCONJ
dem-2896	255	4	negative	negative	ADJ
dem-2896	255	5	innovations	innovation	NOUN
dem-2896	255	6	have	have	VERB
dem-2896	255	7	a	a	DET
dem-2896	255	8	higher	high	ADJ
dem-2896	255	9	impact	impact	NOUN
dem-2896	255	10	on	on	ADP
dem-2896	255	11	volatility	volatility	NOUN
dem-2896	255	12	than	than	ADP
dem-2896	255	13	positive	positive	ADJ
dem-2896	255	14	innovations	innovation	NOUN
dem-2896	255	15	.	.	PUNCT
dem-2896	256	1	our	our	PRON
dem-2896	256	2	findings	finding	NOUN
dem-2896	256	3	suggest	suggest	VERB
dem-2896	256	4	that	that	SCONJ
dem-2896	256	5	the	the	DET
dem-2896	256	6	four	four	NUM
dem-2896	256	7	stock	stock	NOUN
dem-2896	256	8	markets	market	NOUN
dem-2896	256	9	are	be	AUX
dem-2896	256	10	more	more	ADV
dem-2896	256	11	sensitive	sensitive	ADJ
dem-2896	256	12	to	to	ADP
dem-2896	256	13	‘	'	PUNCT
dem-2896	256	14	bad	bad	ADJ
dem-2896	256	15	’	'	PUNCT
dem-2896	256	16	than	than	ADP
dem-2896	256	17	‘	'	PUNCT
dem-2896	256	18	good	good	ADJ
dem-2896	256	19	’	'	PUNCT
dem-2896	256	20	news	news	NOUN
dem-2896	256	21	.	.	PUNCT
dem-2896	257	1	a	a	DET
dem-2896	257	2	possible	possible	ADJ
dem-2896	257	3	and	and	CCONJ
dem-2896	257	4	interesting	interesting	ADJ
dem-2896	257	5	direction	direction	NOUN
dem-2896	257	6	for	for	ADP
dem-2896	257	7	further	further	ADJ
dem-2896	257	8	investigation	investigation	NOUN
dem-2896	257	9	would	would	AUX
dem-2896	257	10	be	be	AUX
dem-2896	257	11	an	an	DET
dem-2896	257	12	asymmetry	asymmetry	NOUN
dem-2896	257	13	effects	effect	NOUN
dem-2896	257	14	investigation	investigation	NOUN
dem-2896	257	15	in	in	ADP
dem-2896	257	16	the	the	DET
dem-2896	257	17	case	case	NOUN
dem-2896	257	18	of	of	ADP
dem-2896	257	19	the	the	DET
dem-2896	257	20	us	us	PROPN
dem-2896	257	21	and	and	CCONJ
dem-2896	257	22	ceec–3	ceec–3	NOUN
dem-2896	257	23	markets	market	NOUN
dem-2896	257	24	,	,	PUNCT
dem-2896	257	25	in	in	ADP
dem-2896	257	26	terms	term	NOUN
dem-2896	257	27	of	of	ADP
dem-2896	257	28	other	other	ADJ
dem-2896	257	29	asymmetric	asymmetric	ADJ
dem-2896	257	30	garch	garch	NOUN
dem-2896	257	31	–	–	PUNCT
dem-2896	257	32	type	type	NOUN
dem-2896	257	33	models	model	NOUN
dem-2896	257	34	(	(	PUNCT
dem-2896	257	35	cf	cf	NOUN
dem-2896	257	36	.	.	PUNCT
dem-2896	257	37	engle	engle	PROPN
dem-2896	257	38	,	,	PUNCT
dem-2896	257	39	2000	2000	NUM
dem-2896	257	40	;	;	PUNCT
dem-2896	257	41	bauwens	bauwen	NOUN
dem-2896	257	42	et	et	PROPN
dem-2896	257	43	al	al	PROPN
dem-2896	257	44	.	.	PROPN
dem-2896	257	45	,	,	PUNCT
dem-2896	257	46	2006	2006	NUM
dem-2896	257	47	)	)	PUNCT
dem-2896	257	48	.	.	PUNCT
dem-2896	258	1	references	reference	NOUN
dem-2896	258	2	adkins	adkins	PROPN
dem-2896	258	3	,	,	PUNCT
dem-2896	258	4	l.	l.	PROPN
dem-2896	258	5	c.	c.	PROPN
dem-2896	258	6	(	(	PUNCT
dem-2896	258	7	2012	2012	NUM
dem-2896	258	8	)	)	PUNCT
dem-2896	258	9	,	,	PUNCT
dem-2896	258	10	using	use	VERB
dem-2896	258	11	gretl	gretl	NOUN
dem-2896	258	12	for	for	ADP
dem-2896	258	13	principles	principle	NOUN
dem-2896	258	14	of	of	ADP
dem-2896	258	15	econometrics	econometric	NOUN
dem-2896	258	16	,	,	PUNCT
dem-2896	258	17	4th	4th	ADJ
dem-2896	258	18	edition	edition	NOUN
dem-2896	258	19	,	,	PUNCT
dem-2896	258	20	version	version	NOUN
dem-2896	258	21	1.03	1.03	NUM
dem-2896	258	22	.	.	PUNCT
dem-2896	259	1	balaban	balaban	PROPN
dem-2896	259	2	,	,	PUNCT
dem-2896	259	3	e.	e.	PROPN
dem-2896	259	4	,	,	PUNCT
dem-2896	259	5	bayar	bayar	PROPN
dem-2896	259	6	,	,	PUNCT
dem-2896	259	7	a.	a.	NOUN
dem-2896	259	8	(	(	PUNCT
dem-2896	259	9	2005	2005	NUM
dem-2896	259	10	)	)	PUNCT
dem-2896	259	11	,	,	PUNCT
dem-2896	259	12	stock	stock	NOUN
dem-2896	259	13	returns	return	NOUN
dem-2896	259	14	and	and	CCONJ
dem-2896	259	15	volatility	volatility	NOUN
dem-2896	259	16	:	:	PUNCT
dem-2896	259	17	empirical	empirical	ADJ
dem-2896	259	18	evidence	evidence	NOUN
dem-2896	259	19	from	from	ADP
dem-2896	259	20	fourteen	fourteen	NUM
dem-2896	259	21	countries	country	NOUN
dem-2896	259	22	,	,	PUNCT
dem-2896	259	23	applied	apply	VERB
dem-2896	259	24	economics	economic	NOUN
dem-2896	259	25	letters	letter	NOUN
dem-2896	259	26	,	,	PUNCT
dem-2896	259	27	12	12	NUM
dem-2896	259	28	,	,	PUNCT
dem-2896	259	29	603–611	603–611	NUM
dem-2896	259	30	,	,	PUNCT
dem-2896	259	31	doi	doi	NOUN
dem-2896	259	32	:	:	PUNCT
dem-2896	259	33	http://dx.doi.org/10.1080/13504850500120607	http://dx.doi.org/10.1080/13504850500120607	PROPN
dem-2896	259	34	.	.	PUNCT
dem-2896	260	1	baillie	baillie	PROPN
dem-2896	260	2	,	,	PUNCT
dem-2896	260	3	r.	r.	PROPN
dem-2896	260	4	t.	t.	PROPN
dem-2896	260	5	,	,	PUNCT
dem-2896	260	6	bollerslev	bollerslev	NOUN
dem-2896	260	7	,	,	PUNCT
dem-2896	260	8	t.	t.	PROPN
dem-2896	260	9	(	(	PUNCT
dem-2896	260	10	1990	1990	NUM
dem-2896	260	11	)	)	PUNCT
dem-2896	260	12	,	,	PUNCT
dem-2896	260	13	a	a	DET
dem-2896	260	14	multivariate	multivariate	NOUN
dem-2896	260	15	generalized	generalize	VERB
dem-2896	260	16	arch	arch	ADJ
dem-2896	260	17	approach	approach	NOUN
dem-2896	260	18	to	to	ADP
dem-2896	260	19	modeling	model	VERB
dem-2896	260	20	risk	risk	NOUN
dem-2896	260	21	premia	premia	NOUN
dem-2896	260	22	in	in	ADP
dem-2896	260	23	forward	forward	ADJ
dem-2896	260	24	foreign	foreign	ADJ
dem-2896	260	25	exchange	exchange	NOUN
dem-2896	260	26	rate	rate	NOUN
dem-2896	260	27	markets	market	NOUN
dem-2896	260	28	,	,	PUNCT
dem-2896	260	29	journal	journal	NOUN
dem-2896	260	30	of	of	ADP
dem-2896	260	31	international	international	ADJ
dem-2896	260	32	money	money	NOUN
dem-2896	260	33	and	and	CCONJ
dem-2896	260	34	finance	finance	NOUN
dem-2896	260	35	,	,	PUNCT
dem-2896	260	36	9	9	NUM
dem-2896	260	37	,	,	PUNCT
dem-2896	260	38	309–324	309–324	NUM
dem-2896	260	39	,	,	PUNCT
dem-2896	260	40	doi	doi	NOUN
dem-2896	260	41	:	:	PUNCT
dem-2896	260	42	http://dx.doi.org/10.1016/0261-5606(90)90012-o	http://dx.doi.org/10.1016/0261-5606(90)90012-o	NOUN
dem-2896	260	43	.	.	PUNCT
dem-2896	260	44	baumöhl	baumöhl	PROPN
dem-2896	260	45	,	,	PUNCT
dem-2896	260	46	e.	e.	PROPN
dem-2896	260	47	,	,	PUNCT
dem-2896	260	48	výrost	výrost	ADV
dem-2896	260	49	,	,	PUNCT
dem-2896	260	50	t.	t.	PROPN
dem-2896	260	51	(	(	PUNCT
dem-2896	260	52	2010	2010	NUM
dem-2896	260	53	)	)	PUNCT
dem-2896	260	54	,	,	PUNCT
dem-2896	260	55	stock	stock	NOUN
dem-2896	260	56	market	market	NOUN
dem-2896	260	57	integration	integration	NOUN
dem-2896	260	58	:	:	PUNCT
dem-2896	260	59	granger	granger	PROPN
dem-2896	260	60	causality	causality	NOUN
dem-2896	260	61	testing	testing	NOUN
dem-2896	260	62	with	with	ADP
dem-2896	260	63	respect	respect	NOUN
dem-2896	260	64	to	to	ADP
dem-2896	260	65	nonsynchronous	nonsynchronous	ADJ
dem-2896	260	66	trading	trading	NOUN
dem-2896	260	67	effects	effect	NOUN
dem-2896	260	68	,	,	PUNCT
dem-2896	260	69	finance	finance	VERB
dem-2896	260	70	a	a	DET
dem-2896	260	71	uver	uver	ADJ
dem-2896	260	72	:	:	PUNCT
dem-2896	260	73	czech	czech	ADJ
dem-2896	260	74	journal	journal	NOUN
dem-2896	260	75	of	of	ADP
dem-2896	260	76	economics	economic	NOUN
dem-2896	260	77	and	and	CCONJ
dem-2896	260	78	finance	finance	NOUN
dem-2896	260	79	,	,	PUNCT
dem-2896	260	80	60(5	60(5	NOUN
dem-2896	260	81	)	)	PUNCT
dem-2896	260	82	,	,	PUNCT
dem-2896	260	83	414–425	414–425	NUM
dem-2896	260	84	.	.	PUNCT
dem-2896	261	1	bauwens	bauwens	PROPN
dem-2896	261	2	,	,	PUNCT
dem-2896	261	3	l	l	NOUN
dem-2896	261	4	,	,	PUNCT
dem-2896	261	5	laurent	laurent	NOUN
dem-2896	261	6	,	,	PUNCT
dem-2896	261	7	s.	s.	PROPN
dem-2896	261	8	,	,	PUNCT
dem-2896	261	9	rombouts	rombout	NOUN
dem-2896	261	10	,	,	PUNCT
dem-2896	261	11	j.v.k	j.v.k	ADP
dem-2896	261	12	.	.	PUNCT
dem-2896	261	13	(	(	PUNCT
dem-2896	261	14	2006	2006	NUM
dem-2896	261	15	)	)	PUNCT
dem-2896	261	16	,	,	PUNCT
dem-2896	261	17	multivariate	multivariate	NOUN
dem-2896	261	18	garch	garch	NOUN
dem-2896	261	19	models	model	NOUN
dem-2896	261	20	:	:	PUNCT
dem-2896	261	21	a	a	DET
dem-2896	261	22	survey	survey	NOUN
dem-2896	261	23	,	,	PUNCT
dem-2896	261	24	journal	journal	NOUN
dem-2896	261	25	of	of	ADP
dem-2896	261	26	applied	apply	VERB
dem-2896	261	27	econometrics	econometric	NOUN
dem-2896	261	28	,	,	PUNCT
dem-2896	261	29	21	21	NUM
dem-2896	261	30	,	,	PUNCT
dem-2896	261	31	79–109	79–109	NUM
dem-2896	261	32	,	,	PUNCT
dem-2896	261	33	doi	doi	NOUN
dem-2896	261	34	:	:	PUNCT
dem-2896	261	35	http://dx.doi.org/10.1002/jae.842	http://dx.doi.org/10.1002/jae.842	NOUN
dem-2896	261	36	.	.	PUNCT
dem-2896	262	1	bhar	bhar	PROPN
dem-2896	262	2	,	,	PUNCT
dem-2896	262	3	r.	r.	PROPN
dem-2896	262	4	(	(	PUNCT
dem-2896	262	5	2001	2001	NUM
dem-2896	262	6	)	)	PUNCT
dem-2896	262	7	,	,	PUNCT
dem-2896	262	8	return	return	NOUN
dem-2896	262	9	and	and	CCONJ
dem-2896	262	10	volatility	volatility	NOUN
dem-2896	262	11	dynamics	dynamic	NOUN
dem-2896	262	12	in	in	ADP
dem-2896	262	13	the	the	DET
dem-2896	262	14	spot	spot	NOUN
dem-2896	262	15	and	and	CCONJ
dem-2896	262	16	futures	future	NOUN
dem-2896	262	17	markets	market	NOUN
dem-2896	262	18	in	in	ADP
dem-2896	262	19	australia	australia	PROPN
dem-2896	262	20	:	:	PUNCT
dem-2896	262	21	an	an	DET
dem-2896	262	22	intervention	intervention	NOUN
dem-2896	262	23	analysis	analysis	NOUN
dem-2896	262	24	in	in	ADP
dem-2896	262	25	a	a	DET
dem-2896	262	26	bivariate	bivariate	ADJ
dem-2896	262	27	egarch	egarch	NOUN
dem-2896	262	28	–	–	PUNCT
dem-2896	262	29	x	x	NOUN
dem-2896	262	30	framework	framework	NOUN
dem-2896	262	31	,	,	PUNCT
dem-2896	262	32	journal	journal	NOUN
dem-2896	262	33	of	of	ADP
dem-2896	262	34	futures	future	NOUN
dem-2896	262	35	markets	market	NOUN
dem-2896	262	36	,	,	PUNCT
dem-2896	262	37	21	21	NUM
dem-2896	262	38	,	,	PUNCT
dem-2896	262	39	833–850	833–850	NUM
dem-2896	262	40	,	,	PUNCT
dem-2896	262	41	doi	doi	NOUN
dem-2896	262	42	:	:	PUNCT
dem-2896	262	43	http://dx.doi.org/10.1002/fut.1903	http://dx.doi.org/10.1002/fut.1903	NOUN
dem-2896	262	44	.	.	PUNCT
dem-2896	263	1	black	black	ADJ
dem-2896	263	2	,	,	PUNCT
dem-2896	263	3	f.	f.	PROPN
dem-2896	263	4	(	(	PUNCT
dem-2896	263	5	1976	1976	NUM
dem-2896	263	6	)	)	PUNCT
dem-2896	263	7	,	,	PUNCT
dem-2896	263	8	studies	study	NOUN
dem-2896	263	9	of	of	ADP
dem-2896	263	10	stock	stock	NOUN
dem-2896	263	11	market	market	NOUN
dem-2896	263	12	volatility	volatility	NOUN
dem-2896	263	13	changes	change	NOUN
dem-2896	263	14	,	,	PUNCT
dem-2896	263	15	1976	1976	NUM
dem-2896	263	16	proceedings	proceeding	NOUN
dem-2896	263	17	of	of	ADP
dem-2896	263	18	the	the	DET
dem-2896	263	19	american	american	PROPN
dem-2896	263	20	statistical	statistical	PROPN
dem-2896	263	21	association	association	NOUN
dem-2896	263	22	,	,	PUNCT
dem-2896	263	23	business	business	NOUN
dem-2896	263	24	and	and	CCONJ
dem-2896	263	25	economic	economic	ADJ
dem-2896	263	26	statistics	statistic	NOUN
dem-2896	263	27	section	section	NOUN
dem-2896	263	28	,	,	PUNCT
dem-2896	263	29	177–181	177–181	NUM
dem-2896	263	30	.	.	PUNCT
dem-2896	264	1	asymmetric	asymmetric	ADJ
dem-2896	264	2	impact	impact	NOUN
dem-2896	264	3	of	of	ADP
dem-2896	264	4	innovations	innovation	NOUN
dem-2896	264	5	on	on	ADP
dem-2896	264	6	volatility	volatility	NOUN
dem-2896	264	7	…	…	PUNCT
dem-2896	264	8	dynamic	dynamic	ADJ
dem-2896	264	9	econometric	econometric	ADJ
dem-2896	264	10	models	model	NOUN
dem-2896	264	11	13	13	NUM
dem-2896	264	12	(	(	PUNCT
dem-2896	264	13	2013	2013	NUM
dem-2896	264	14	)	)	PUNCT
dem-2896	264	15	33–50	33–50	NUM
dem-2896	264	16	49	49	NUM
dem-2896	264	17	bollerslev	bollerslev	NOUN
dem-2896	264	18	,	,	PUNCT
dem-2896	264	19	t.	t.	PROPN
dem-2896	264	20	,	,	PUNCT
dem-2896	264	21	mikkelsen	mikkelsen	PROPN
dem-2896	264	22	,	,	PUNCT
dem-2896	264	23	h.	h.	PROPN
dem-2896	264	24	o.	o.	PROPN
dem-2896	264	25	(	(	PUNCT
dem-2896	264	26	1996	1996	NUM
dem-2896	264	27	)	)	PUNCT
dem-2896	264	28	,	,	PUNCT
dem-2896	264	29	modeling	modeling	NOUN
dem-2896	264	30	and	and	CCONJ
dem-2896	264	31	pricing	pricing	NOUN
dem-2896	264	32	long	long	ADJ
dem-2896	264	33	memory	memory	NOUN
dem-2896	264	34	in	in	ADP
dem-2896	264	35	stock	stock	NOUN
dem-2896	264	36	market	market	NOUN
dem-2896	264	37	volatility	volatility	NOUN
dem-2896	264	38	,	,	PUNCT
dem-2896	264	39	journal	journal	NOUN
dem-2896	264	40	of	of	ADP
dem-2896	264	41	econometrics	econometric	NOUN
dem-2896	264	42	,	,	PUNCT
dem-2896	264	43	73	73	NUM
dem-2896	264	44	,	,	PUNCT
dem-2896	264	45	151–184	151–184	NUM
dem-2896	264	46	,	,	PUNCT
dem-2896	264	47	doi	doi	NOUN
dem-2896	264	48	:	:	PUNCT
dem-2896	264	49	http://dx.doi.org/10.1016/0304-4076(95)01736-4	http://dx.doi.org/10.1016/0304-4076(95)01736-4	PROPN
dem-2896	264	50	.	.	PUNCT
dem-2896	265	1	bollerslev	bollerslev	PROPN
dem-2896	265	2	,	,	PUNCT
dem-2896	265	3	t.	t.	PROPN
dem-2896	265	4	,	,	PUNCT
dem-2896	265	5	wooldridge	wooldridge	PROPN
dem-2896	265	6	,	,	PUNCT
dem-2896	265	7	j.	j.	PROPN
dem-2896	265	8	m.	m.	PROPN
dem-2896	265	9	(	(	PUNCT
dem-2896	265	10	1992	1992	NUM
dem-2896	265	11	)	)	PUNCT
dem-2896	265	12	,	,	PUNCT
dem-2896	265	13	quasi	quasi	ADJ
dem-2896	265	14	-	-	ADJ
dem-2896	265	15	maximum	maximum	ADJ
dem-2896	265	16	likelihood	likelihood	NOUN
dem-2896	265	17	estimation	estimation	NOUN
dem-2896	265	18	and	and	CCONJ
dem-2896	265	19	inference	inference	NOUN
dem-2896	265	20	in	in	ADP
dem-2896	265	21	dynamic	dynamic	ADJ
dem-2896	265	22	models	model	NOUN
dem-2896	265	23	with	with	ADP
dem-2896	265	24	time	time	NOUN
dem-2896	265	25	-	-	PUNCT
dem-2896	265	26	varying	vary	VERB
dem-2896	265	27	covariances	covariance	NOUN
dem-2896	265	28	,	,	PUNCT
dem-2896	265	29	econometric	econometric	ADJ
dem-2896	265	30	reviews	review	NOUN
dem-2896	265	31	,	,	PUNCT
dem-2896	265	32	11	11	NUM
dem-2896	265	33	,	,	PUNCT
dem-2896	265	34	143–179	143–179	NUM
dem-2896	265	35	,	,	PUNCT
dem-2896	265	36	doi	doi	NOUN
dem-2896	265	37	:	:	PUNCT
dem-2896	265	38	http://dx.doi.org/10.1080/07474939208800229	http://dx.doi.org/10.1080/07474939208800229	PROPN
dem-2896	265	39	.	.	PUNCT
dem-2896	266	1	booth	booth	PROPN
dem-2896	266	2	,	,	PUNCT
dem-2896	266	3	g.	g.	PROPN
dem-2896	266	4	g.	g.	PROPN
dem-2896	266	5	,	,	PUNCT
dem-2896	266	6	martikainen	martikainen	NOUN
dem-2896	266	7	t.	t.	PROPN
dem-2896	266	8	,	,	PUNCT
dem-2896	266	9	tse	tse	PROPN
dem-2896	266	10	y.	y.	PROPN
dem-2896	266	11	(	(	PUNCT
dem-2896	266	12	1997	1997	NUM
dem-2896	266	13	)	)	PUNCT
dem-2896	266	14	,	,	PUNCT
dem-2896	266	15	price	price	NOUN
dem-2896	266	16	and	and	CCONJ
dem-2896	266	17	volatility	volatility	NOUN
dem-2896	266	18	spillovers	spillover	NOUN
dem-2896	266	19	in	in	ADP
dem-2896	266	20	scandinavian	scandinavian	ADJ
dem-2896	266	21	stock	stock	NOUN
dem-2896	266	22	markets	market	NOUN
dem-2896	266	23	,	,	PUNCT
dem-2896	266	24	journal	journal	NOUN
dem-2896	266	25	of	of	ADP
dem-2896	266	26	banking	banking	NOUN
dem-2896	266	27	&	&	CCONJ
dem-2896	266	28	finance	finance	PROPN
dem-2896	266	29	,	,	PUNCT
dem-2896	266	30	21	21	NUM
dem-2896	266	31	,	,	PUNCT
dem-2896	266	32	811–823	811–823	NUM
dem-2896	266	33	,	,	PUNCT
dem-2896	266	34	doi	doi	NOUN
dem-2896	266	35	:	:	PUNCT
dem-2896	266	36	http://dx.doi.org/10.1016/s0378-4266(97)00006-x	http://dx.doi.org/10.1016/s0378-4266(97)00006-x	PROPN
dem-2896	266	37	.	.	PUNCT
dem-2896	266	38	braun	braun	PROPN
dem-2896	266	39	,	,	PUNCT
dem-2896	266	40	p.	p.	NOUN
dem-2896	266	41	a.	a.	NOUN
dem-2896	266	42	,	,	PUNCT
dem-2896	266	43	nelson	nelson	PROPN
dem-2896	266	44	,	,	PUNCT
dem-2896	266	45	d.	d.	PROPN
dem-2896	266	46	b.	b.	PROPN
dem-2896	266	47	,	,	PUNCT
dem-2896	266	48	sunier	sunier	ADV
dem-2896	266	49	,	,	PUNCT
dem-2896	266	50	a.	a.	NOUN
dem-2896	266	51	m.	m.	NOUN
dem-2896	266	52	(	(	PUNCT
dem-2896	266	53	1995	1995	NUM
dem-2896	266	54	)	)	PUNCT
dem-2896	266	55	,	,	PUNCT
dem-2896	266	56	good	good	ADJ
dem-2896	266	57	news	news	NOUN
dem-2896	266	58	,	,	PUNCT
dem-2896	266	59	bad	bad	ADJ
dem-2896	266	60	news	news	NOUN
dem-2896	266	61	,	,	PUNCT
dem-2896	266	62	volatility	volatility	NOUN
dem-2896	266	63	,	,	PUNCT
dem-2896	266	64	and	and	CCONJ
dem-2896	266	65	betas	beta	NOUN
dem-2896	266	66	,	,	PUNCT
dem-2896	266	67	the	the	DET
dem-2896	266	68	journal	journal	NOUN
dem-2896	266	69	of	of	ADP
dem-2896	266	70	finance	finance	NOUN
dem-2896	266	71	,	,	PUNCT
dem-2896	266	72	50(5	50(5	NUM
dem-2896	266	73	)	)	PUNCT
dem-2896	266	74	,	,	PUNCT
dem-2896	266	75	1575–1603	1575–1603	NUM
dem-2896	266	76	,	,	PUNCT
dem-2896	266	77	doi	doi	NOUN
dem-2896	266	78	:	:	PUNCT
dem-2896	266	79	http://dx.doi.org/10.2307/2329327	http://dx.doi.org/10.2307/2329327	NOUN
dem-2896	266	80	.	.	PUNCT
dem-2896	267	1	büttner	büttner	PROPN
dem-2896	267	2	,	,	PUNCT
dem-2896	267	3	d.	d.	PROPN
dem-2896	267	4	,	,	PUNCT
dem-2896	267	5	hayo	hayo	PROPN
dem-2896	267	6	,	,	PUNCT
dem-2896	267	7	b.	b.	PROPN
dem-2896	267	8	(	(	PUNCT
dem-2896	267	9	2012	2012	NUM
dem-2896	267	10	)	)	PUNCT
dem-2896	267	11	,	,	PUNCT
dem-2896	267	12	emu	emu	PROPN
dem-2896	267	13	-	-	PUNCT
dem-2896	267	14	related	relate	VERB
dem-2896	267	15	news	news	NOUN
dem-2896	267	16	and	and	CCONJ
dem-2896	267	17	financial	financial	ADJ
dem-2896	267	18	markets	market	NOUN
dem-2896	267	19	in	in	ADP
dem-2896	267	20	the	the	DET
dem-2896	267	21	czech	czech	PROPN
dem-2896	267	22	republic	republic	NOUN
dem-2896	267	23	,	,	PUNCT
dem-2896	267	24	hungary	hungary	PROPN
dem-2896	267	25	and	and	CCONJ
dem-2896	267	26	poland	poland	PROPN
dem-2896	267	27	,	,	PUNCT
dem-2896	267	28	applied	apply	VERB
dem-2896	267	29	economics	economic	NOUN
dem-2896	267	30	,	,	PUNCT
dem-2896	267	31	44(31	44(31	NUM
dem-2896	267	32	)	)	PUNCT
dem-2896	267	33	,	,	PUNCT
dem-2896	267	34	4037–4053	4037–4053	NUM
dem-2896	267	35	,	,	PUNCT
dem-2896	267	36	doi	doi	NOUN
dem-2896	267	37	:	:	PUNCT
dem-2896	267	38	http://dx.doi.org/10.1080/00036846.2011.587775	http://dx.doi.org/10.1080/00036846.2011.587775	PROPN
dem-2896	267	39	.	.	PUNCT
dem-2896	268	1	campbell	campbell	PROPN
dem-2896	268	2	j.y	j.y	PROPN
dem-2896	268	3	.	.	PROPN
dem-2896	268	4	,	,	PUNCT
dem-2896	268	5	lo	lo	PROPN
dem-2896	268	6	a.w	a.w	PROPN
dem-2896	268	7	.	.	PROPN
dem-2896	268	8	,	,	PUNCT
dem-2896	268	9	mackinlay	mackinlay	PROPN
dem-2896	268	10	a.c	a.c	PROPN
dem-2896	268	11	.	.	PROPN
dem-2896	268	12	(	(	PUNCT
dem-2896	268	13	1997	1997	NUM
dem-2896	268	14	)	)	PUNCT
dem-2896	268	15	,	,	PUNCT
dem-2896	268	16	the	the	DET
dem-2896	268	17	econometrics	econometrics	NOUN
dem-2896	268	18	of	of	ADP
dem-2896	268	19	financial	financial	ADJ
dem-2896	268	20	markets	market	NOUN
dem-2896	268	21	,	,	PUNCT
dem-2896	268	22	princeton	princeton	PROPN
dem-2896	268	23	university	university	PROPN
dem-2896	268	24	press	press	NOUN
dem-2896	268	25	,	,	PUNCT
dem-2896	268	26	new	new	PROPN
dem-2896	268	27	jersey	jersey	PROPN
dem-2896	268	28	.	.	PUNCT
dem-2896	269	1	doman	doman	PROPN
dem-2896	269	2	,	,	PUNCT
dem-2896	269	3	m.	m.	NOUN
dem-2896	269	4	(	(	PUNCT
dem-2896	269	5	2011	2011	NUM
dem-2896	269	6	)	)	PUNCT
dem-2896	269	7	,	,	PUNCT
dem-2896	269	8	mikrostruktura	mikrostruktura	NOUN
dem-2896	269	9	giełd	giełd	PROPN
dem-2896	269	10	papierów	papierów	PROPN
dem-2896	269	11	wartościowych	wartościowych	PROPN
dem-2896	269	12	(	(	PUNCT
dem-2896	269	13	stock	stock	NOUN
dem-2896	269	14	exchange	exchange	NOUN
dem-2896	269	15	microstructure	microstructure	NOUN
dem-2896	269	16	)	)	PUNCT
dem-2896	269	17	,	,	PUNCT
dem-2896	269	18	poznan	poznan	PROPN
dem-2896	269	19	university	university	PROPN
dem-2896	269	20	of	of	ADP
dem-2896	269	21	economics	economics	PROPN
dem-2896	269	22	press	press	NOUN
dem-2896	269	23	.	.	PUNCT
dem-2896	270	1	dooley	dooley	NOUN
dem-2896	270	2	,	,	PUNCT
dem-2896	270	3	m.	m.	NOUN
dem-2896	270	4	,	,	PUNCT
dem-2896	270	5	hutchison	hutchison	NOUN
dem-2896	270	6	,	,	PUNCT
dem-2896	270	7	m.	m.	NOUN
dem-2896	270	8	(	(	PUNCT
dem-2896	270	9	2009	2009	NUM
dem-2896	270	10	)	)	PUNCT
dem-2896	270	11	,	,	PUNCT
dem-2896	270	12	transmission	transmission	NOUN
dem-2896	270	13	of	of	ADP
dem-2896	270	14	the	the	DET
dem-2896	270	15	u.s	u.s	PROPN
dem-2896	270	16	.	.	PROPN
dem-2896	270	17	subprime	subprime	ADJ
dem-2896	270	18	crisis	crisis	NOUN
dem-2896	270	19	to	to	ADP
dem-2896	270	20	emerging	emerge	VERB
dem-2896	270	21	markets	market	NOUN
dem-2896	270	22	:	:	PUNCT
dem-2896	270	23	evidence	evidence	NOUN
dem-2896	270	24	on	on	ADP
dem-2896	270	25	the	the	DET
dem-2896	270	26	decoupling	decoupling	NOUN
dem-2896	270	27	–	–	PUNCT
dem-2896	270	28	recoupling	recouple	VERB
dem-2896	270	29	hypothesis	hypothesis	NOUN
dem-2896	270	30	,	,	PUNCT
dem-2896	270	31	journal	journal	NOUN
dem-2896	270	32	of	of	ADP
dem-2896	270	33	international	international	ADJ
dem-2896	270	34	money	money	NOUN
dem-2896	270	35	and	and	CCONJ
dem-2896	270	36	finance	finance	NOUN
dem-2896	270	37	,	,	PUNCT
dem-2896	270	38	28	28	NUM
dem-2896	270	39	,	,	PUNCT
dem-2896	270	40	1331–1349	1331–1349	NUM
dem-2896	270	41	,	,	PUNCT
dem-2896	270	42	doi	doi	NOUN
dem-2896	270	43	:	:	PUNCT
dem-2896	270	44	http://dx.doi.org/10.1016/j.jimonfin.2009.08.004	http://dx.doi.org/10.1016/j.jimonfin.2009.08.004	PROPN
dem-2896	270	45	.	.	PUNCT
dem-2896	270	46	doornik	doornik	PROPN
dem-2896	270	47	,	,	PUNCT
dem-2896	270	48	j.	j.	PROPN
dem-2896	270	49	a.	a.	PROPN
dem-2896	270	50	,	,	PUNCT
dem-2896	270	51	hansen	hansen	PROPN
dem-2896	270	52	,	,	PUNCT
dem-2896	270	53	h.	h.	PROPN
dem-2896	270	54	(	(	PUNCT
dem-2896	270	55	2008	2008	NUM
dem-2896	270	56	)	)	PUNCT
dem-2896	270	57	,	,	PUNCT
dem-2896	270	58	an	an	DET
dem-2896	270	59	omnibus	omnibus	NOUN
dem-2896	270	60	test	test	NOUN
dem-2896	270	61	for	for	ADP
dem-2896	270	62	univariate	univariate	ADJ
dem-2896	270	63	and	and	CCONJ
dem-2896	270	64	multivariate	multivariate	NOUN
dem-2896	270	65	normality	normality	NOUN
dem-2896	270	66	,	,	PUNCT
dem-2896	270	67	oxford	oxford	ADJ
dem-2896	270	68	bulletin	bulletin	NOUN
dem-2896	270	69	of	of	ADP
dem-2896	270	70	economics	economic	NOUN
dem-2896	270	71	and	and	CCONJ
dem-2896	270	72	statistics	statistic	NOUN
dem-2896	270	73	,	,	PUNCT
dem-2896	270	74	70	70	NUM
dem-2896	270	75	,	,	PUNCT
dem-2896	270	76	927–939	927–939	NUM
dem-2896	270	77	,	,	PUNCT
dem-2896	270	78	doi	doi	NOUN
dem-2896	270	79	:	:	PUNCT
dem-2896	270	80	http://dx.doi.org/10.1111/j.1468-0084.2008.00537.x	http://dx.doi.org/10.1111/j.1468-0084.2008.00537.x	PROPN
dem-2896	270	81	.	.	PUNCT
dem-2896	270	82	engle	engle	PROPN
dem-2896	270	83	,	,	PUNCT
dem-2896	270	84	r.	r.	PROPN
dem-2896	270	85	f.	f.	PROPN
dem-2896	270	86	(	(	PUNCT
dem-2896	270	87	ed	ed	NOUN
dem-2896	270	88	.	.	PUNCT
dem-2896	270	89	)	)	PUNCT
dem-2896	271	1	(	(	PUNCT
dem-2896	271	2	2000	2000	NUM
dem-2896	271	3	)	)	PUNCT
dem-2896	271	4	,	,	PUNCT
dem-2896	271	5	arch	arch	NOUN
dem-2896	271	6	.	.	PUNCT
dem-2896	272	1	selected	select	VERB
dem-2896	272	2	readings	reading	NOUN
dem-2896	272	3	,	,	PUNCT
dem-2896	272	4	oxford	oxford	PROPN
dem-2896	272	5	university	university	PROPN
dem-2896	272	6	press	press	NOUN
dem-2896	272	7	.	.	PUNCT
dem-2896	273	1	eun	eun	PROPN
dem-2896	273	2	,	,	PUNCT
dem-2896	273	3	c.	c.	PROPN
dem-2896	273	4	s.	s.	PROPN
dem-2896	273	5	,	,	PUNCT
dem-2896	273	6	shim	shim	NOUN
dem-2896	273	7	,	,	PUNCT
dem-2896	273	8	s.	s.	PROPN
dem-2896	273	9	(	(	PUNCT
dem-2896	273	10	1989	1989	NUM
dem-2896	273	11	)	)	PUNCT
dem-2896	273	12	,	,	PUNCT
dem-2896	273	13	international	international	ADJ
dem-2896	273	14	transmission	transmission	NOUN
dem-2896	273	15	of	of	ADP
dem-2896	273	16	stock	stock	NOUN
dem-2896	273	17	market	market	NOUN
dem-2896	273	18	movements	movement	NOUN
dem-2896	273	19	,	,	PUNCT
dem-2896	273	20	the	the	DET
dem-2896	273	21	journal	journal	NOUN
dem-2896	273	22	of	of	ADP
dem-2896	273	23	financial	financial	ADJ
dem-2896	273	24	and	and	CCONJ
dem-2896	273	25	quantitative	quantitative	ADJ
dem-2896	273	26	analysis	analysis	NOUN
dem-2896	273	27	,	,	PUNCT
dem-2896	273	28	24(2	24(2	NUM
dem-2896	273	29	)	)	PUNCT
dem-2896	273	30	,	,	PUNCT
dem-2896	273	31	241–256	241–256	NUM
dem-2896	273	32	,	,	PUNCT
dem-2896	273	33	doi	doi	NOUN
dem-2896	273	34	:	:	PUNCT
dem-2896	273	35	http://dx.doi.org/10.2307/2330774	http://dx.doi.org/10.2307/2330774	NOUN
dem-2896	273	36	.	.	PUNCT
dem-2896	274	1	fiszeder	fiszed	ADJ
dem-2896	274	2	,	,	PUNCT
dem-2896	274	3	p.	p.	NOUN
dem-2896	274	4	(	(	PUNCT
dem-2896	274	5	2009	2009	NUM
dem-2896	274	6	)	)	PUNCT
dem-2896	274	7	,	,	PUNCT
dem-2896	274	8	modele	modele	PROPN
dem-2896	274	9	klasy	klasy	PROPN
dem-2896	274	10	garch	garch	PROPN
dem-2896	274	11	w	w	PROPN
dem-2896	274	12	empirycznych	empirycznych	PROPN
dem-2896	274	13	badaniach	badaniach	PROPN
dem-2896	274	14	finansowych	finansowych	PROPN
dem-2896	274	15	(	(	PUNCT
dem-2896	274	16	the	the	DET
dem-2896	274	17	class	class	NOUN
dem-2896	274	18	of	of	ADP
dem-2896	274	19	garch	garch	NOUN
dem-2896	274	20	models	model	NOUN
dem-2896	274	21	in	in	ADP
dem-2896	274	22	empirical	empirical	ADJ
dem-2896	274	23	finance	finance	NOUN
dem-2896	274	24	research	research	NOUN
dem-2896	274	25	)	)	PUNCT
dem-2896	274	26	,	,	PUNCT
dem-2896	274	27	torun	torun	PROPN
dem-2896	274	28	,	,	PUNCT
dem-2896	274	29	nicolaus	nicolaus	PROPN
dem-2896	274	30	copernicus	copernicus	PROPN
dem-2896	274	31	university	university	PROPN
dem-2896	274	32	press	press	NOUN
dem-2896	274	33	.	.	PUNCT
dem-2896	275	1	frank	frank	PROPN
dem-2896	275	2	,	,	PUNCT
dem-2896	275	3	n.	n.	PROPN
dem-2896	275	4	,	,	PUNCT
dem-2896	275	5	hesse	hesse	PROPN
dem-2896	275	6	,	,	PUNCT
dem-2896	275	7	h.	h.	PROPN
dem-2896	275	8	(	(	PUNCT
dem-2896	275	9	2009	2009	NUM
dem-2896	275	10	)	)	PUNCT
dem-2896	275	11	,	,	PUNCT
dem-2896	275	12	financial	financial	ADJ
dem-2896	275	13	spillovers	spillover	NOUN
dem-2896	275	14	to	to	ADP
dem-2896	275	15	emerging	emerge	VERB
dem-2896	275	16	markets	market	NOUN
dem-2896	275	17	during	during	ADP
dem-2896	275	18	the	the	DET
dem-2896	275	19	global	global	ADJ
dem-2896	275	20	financial	financial	ADJ
dem-2896	275	21	crisis	crisis	NOUN
dem-2896	275	22	,	,	PUNCT
dem-2896	275	23	finance	finance	VERB
dem-2896	275	24	a	a	DET
dem-2896	275	25	uver	uver	ADJ
dem-2896	275	26	:	:	PUNCT
dem-2896	275	27	czech	czech	ADJ
dem-2896	275	28	journal	journal	NOUN
dem-2896	275	29	of	of	ADP
dem-2896	275	30	economics	economic	NOUN
dem-2896	275	31	and	and	CCONJ
dem-2896	275	32	finance	finance	NOUN
dem-2896	275	33	,	,	PUNCT
dem-2896	275	34	59(6	59(6	NUM
dem-2896	275	35	)	)	PUNCT
dem-2896	275	36	,	,	PUNCT
dem-2896	275	37	507–521	507–521	NUM
dem-2896	275	38	.	.	PUNCT
dem-2896	276	1	hamao	hamao	PROPN
dem-2896	276	2	,	,	PUNCT
dem-2896	276	3	y.	y.	PROPN
dem-2896	276	4	,	,	PUNCT
dem-2896	276	5	masulis	masulis	PROPN
dem-2896	276	6	,	,	PUNCT
dem-2896	276	7	r.	r.	PROPN
dem-2896	276	8	w.	w.	PROPN
dem-2896	276	9	,	,	PUNCT
dem-2896	276	10	ng	ng	PROPN
dem-2896	276	11	,	,	PUNCT
dem-2896	276	12	v.	v.	PROPN
dem-2896	276	13	(	(	PUNCT
dem-2896	276	14	1990	1990	NUM
dem-2896	276	15	)	)	PUNCT
dem-2896	276	16	,	,	PUNCT
dem-2896	276	17	correlations	correlation	NOUN
dem-2896	276	18	in	in	ADP
dem-2896	276	19	price	price	NOUN
dem-2896	276	20	changes	change	NOUN
dem-2896	276	21	and	and	CCONJ
dem-2896	276	22	volatility	volatility	NOUN
dem-2896	276	23	across	across	ADP
dem-2896	276	24	international	international	ADJ
dem-2896	276	25	stock	stock	NOUN
dem-2896	276	26	markets	market	NOUN
dem-2896	276	27	,	,	PUNCT
dem-2896	276	28	review	review	NOUN
dem-2896	276	29	of	of	ADP
dem-2896	276	30	financial	financial	ADJ
dem-2896	276	31	studies	study	NOUN
dem-2896	276	32	,	,	PUNCT
dem-2896	276	33	3(2	3(2	NUM
dem-2896	276	34	)	)	PUNCT
dem-2896	276	35	,	,	PUNCT
dem-2896	276	36	281–307	281–307	NUM
dem-2896	276	37	,	,	PUNCT
dem-2896	276	38	doi	doi	NOUN
dem-2896	276	39	:	:	PUNCT
dem-2896	276	40	http://dx.doi.org/10.1093/rfs/3.2.281	http://dx.doi.org/10.1093/rfs/3.2.281	X
dem-2896	276	41	.	.	PUNCT
dem-2896	276	42	jane	jane	PROPN
dem-2896	276	43	,	,	PUNCT
dem-2896	276	44	t	t	PROPN
dem-2896	276	45	-	-	PUNCT
dem-2896	276	46	d	d	PROPN
dem-2896	276	47	,	,	PUNCT
dem-2896	276	48	ding	ding	NOUN
dem-2896	276	49	,	,	PUNCT
dem-2896	276	50	c.	c.	PROPN
dem-2896	276	51	g.	g.	PROPN
dem-2896	276	52	(	(	PUNCT
dem-2896	276	53	2009	2009	NUM
dem-2896	276	54	)	)	PUNCT
dem-2896	276	55	,	,	PUNCT
dem-2896	276	56	on	on	ADP
dem-2896	276	57	the	the	DET
dem-2896	276	58	multivariate	multivariate	NOUN
dem-2896	276	59	egarch	egarch	NOUN
dem-2896	276	60	model	model	PROPN
dem-2896	276	61	,	,	PUNCT
dem-2896	276	62	applied	apply	VERB
dem-2896	276	63	economics	economic	NOUN
dem-2896	276	64	letters	letter	NOUN
dem-2896	276	65	,	,	PUNCT
dem-2896	276	66	16	16	NUM
dem-2896	276	67	,	,	PUNCT
dem-2896	276	68	1757–1761	1757–1761	NUM
dem-2896	276	69	,	,	PUNCT
dem-2896	276	70	doi	doi	NOUN
dem-2896	276	71	:	:	PUNCT
dem-2896	276	72	http://dx.doi.org/10.1080/13504850701604383	http://dx.doi.org/10.1080/13504850701604383	NOUN
dem-2896	276	73	.	.	PUNCT
dem-2896	277	1	koutmos	koutmos	PROPN
dem-2896	277	2	,	,	PUNCT
dem-2896	277	3	g.	g.	PROPN
dem-2896	277	4	,	,	PUNCT
dem-2896	277	5	booth	booth	NOUN
dem-2896	277	6	,	,	PUNCT
dem-2896	277	7	g.	g.	PROPN
dem-2896	277	8	g.	g.	PROPN
dem-2896	277	9	(	(	PUNCT
dem-2896	277	10	1995	1995	NUM
dem-2896	277	11	)	)	PUNCT
dem-2896	277	12	,	,	PUNCT
dem-2896	277	13	asymmetric	asymmetric	ADJ
dem-2896	277	14	volatility	volatility	NOUN
dem-2896	277	15	transmission	transmission	NOUN
dem-2896	277	16	in	in	ADP
dem-2896	277	17	international	international	ADJ
dem-2896	277	18	stock	stock	NOUN
dem-2896	277	19	markets	market	NOUN
dem-2896	277	20	,	,	PUNCT
dem-2896	277	21	journal	journal	NOUN
dem-2896	277	22	of	of	ADP
dem-2896	277	23	international	international	ADJ
dem-2896	277	24	money	money	NOUN
dem-2896	277	25	and	and	CCONJ
dem-2896	277	26	finance	finance	NOUN
dem-2896	277	27	,	,	PUNCT
dem-2896	277	28	14(6	14(6	NOUN
dem-2896	277	29	)	)	PUNCT
dem-2896	277	30	,	,	PUNCT
dem-2896	277	31	747–762	747–762	NUM
dem-2896	277	32	,	,	PUNCT
dem-2896	277	33	doi	doi	NOUN
dem-2896	277	34	:	:	PUNCT
dem-2896	277	35	http://dx.doi.org/10.1016/0261-5606(95)00031-3	http://dx.doi.org/10.1016/0261-5606(95)00031-3	PROPN
dem-2896	277	36	.	.	PUNCT
dem-2896	278	1	lee	lee	PROPN
dem-2896	278	2	,	,	PUNCT
dem-2896	278	3	j.	j.	PROPN
dem-2896	278	4	,	,	PUNCT
dem-2896	278	5	stewart	stewart	PROPN
dem-2896	278	6	,	,	PUNCT
dem-2896	278	7	g.	g.	PROPN
dem-2896	278	8	(	(	PUNCT
dem-2896	278	9	2010	2010	NUM
dem-2896	278	10	)	)	PUNCT
dem-2896	278	11	,	,	PUNCT
dem-2896	278	12	asymmetric	asymmetric	ADJ
dem-2896	278	13	volatility	volatility	NOUN
dem-2896	278	14	and	and	CCONJ
dem-2896	278	15	volatility	volatility	NOUN
dem-2896	278	16	spillovers	spillover	NOUN
dem-2896	278	17	in	in	ADP
dem-2896	278	18	baltic	baltic	ADJ
dem-2896	278	19	and	and	CCONJ
dem-2896	278	20	nordic	nordic	ADJ
dem-2896	278	21	stock	stock	NOUN
dem-2896	278	22	markets	market	NOUN
dem-2896	278	23	,	,	PUNCT
dem-2896	278	24	european	european	PROPN
dem-2896	278	25	journal	journal	PROPN
dem-2896	278	26	of	of	ADP
dem-2896	278	27	economics	economic	NOUN
dem-2896	278	28	,	,	PUNCT
dem-2896	278	29	finance	finance	NOUN
dem-2896	278	30	and	and	CCONJ
dem-2896	278	31	administrative	administrative	ADJ
dem-2896	278	32	sciences	science	NOUN
dem-2896	278	33	,	,	PUNCT
dem-2896	278	34	25	25	NUM
dem-2896	278	35	,	,	PUNCT
dem-2896	278	36	136–143	136–143	NUM
dem-2896	278	37	.	.	PUNCT
dem-2896	279	1	ljung	ljung	PROPN
dem-2896	279	2	,	,	PUNCT
dem-2896	279	3	g.	g.	PROPN
dem-2896	279	4	,	,	PUNCT
dem-2896	279	5	box	box	PROPN
dem-2896	279	6	,	,	PUNCT
dem-2896	280	1	g.	g.	PROPN
dem-2896	280	2	e.	e.	PROPN
dem-2896	280	3	p.	p.	PROPN
dem-2896	280	4	(	(	PUNCT
dem-2896	280	5	1978	1978	NUM
dem-2896	280	6	)	)	PUNCT
dem-2896	280	7	,	,	PUNCT
dem-2896	280	8	on	on	ADP
dem-2896	280	9	a	a	DET
dem-2896	280	10	measure	measure	NOUN
dem-2896	280	11	of	of	ADP
dem-2896	280	12	lack	lack	NOUN
dem-2896	280	13	of	of	ADP
dem-2896	280	14	fit	fit	ADJ
dem-2896	280	15	in	in	ADP
dem-2896	280	16	time	time	NOUN
dem-2896	280	17	series	series	NOUN
dem-2896	280	18	models	model	NOUN
dem-2896	280	19	,	,	PUNCT
dem-2896	280	20	biometrika	biometrika	NOUN
dem-2896	280	21	,	,	PUNCT
dem-2896	280	22	66	66	NUM
dem-2896	280	23	,	,	PUNCT
dem-2896	280	24	67–72	67–72	NUM
dem-2896	280	25	.	.	PUNCT
dem-2896	281	1	joanna	joanna	PROPN
dem-2896	281	2	olbryś	olbryś	PROPN
dem-2896	281	3	dynamic	dynamic	ADJ
dem-2896	281	4	econometric	econometric	ADJ
dem-2896	281	5	models	model	NOUN
dem-2896	281	6	13	13	NUM
dem-2896	281	7	(	(	PUNCT
dem-2896	281	8	2013	2013	NUM
dem-2896	281	9	)	)	PUNCT
dem-2896	281	10	33–50	33–50	NUM
dem-2896	281	11	50	50	NUM
dem-2896	281	12	lucchetti	lucchetti	PROPN
dem-2896	281	13	,	,	PUNCT
dem-2896	281	14	k.	k.	PROPN
dem-2896	281	15	,	,	PUNCT
dem-2896	281	16	balietti	balietti	PROPN
dem-2896	281	17	,	,	PUNCT
dem-2896	281	18	s.	s.	PROPN
dem-2896	281	19	,	,	PUNCT
dem-2896	281	20	(	(	PUNCT
dem-2896	281	21	2011	2011	NUM
dem-2896	281	22	)	)	PUNCT
dem-2896	281	23	,	,	PUNCT
dem-2896	281	24	the	the	DET
dem-2896	281	25	gig	gig	NOUN
dem-2896	281	26	package	package	NOUN
dem-2896	281	27	,	,	PUNCT
dem-2896	281	28	version	version	NOUN
dem-2896	281	29	2.2	2.2	NUM
dem-2896	281	30	.	.	PUNCT
dem-2896	282	1	mun	mun	PROPN
dem-2896	282	2	,	,	PUNCT
dem-2896	282	3	m.	m.	NOUN
dem-2896	282	4	,	,	PUNCT
dem-2896	282	5	brooks	brooks	PROPN
dem-2896	282	6	,	,	PUNCT
dem-2896	282	7	r.	r.	PROPN
dem-2896	282	8	(	(	PUNCT
dem-2896	282	9	2012	2012	NUM
dem-2896	282	10	)	)	PUNCT
dem-2896	282	11	,	,	PUNCT
dem-2896	282	12	the	the	DET
dem-2896	282	13	roles	role	NOUN
dem-2896	282	14	of	of	ADP
dem-2896	282	15	news	news	NOUN
dem-2896	282	16	and	and	CCONJ
dem-2896	282	17	volatility	volatility	NOUN
dem-2896	282	18	in	in	ADP
dem-2896	282	19	stock	stock	NOUN
dem-2896	282	20	market	market	NOUN
dem-2896	282	21	correlations	correlation	NOUN
dem-2896	282	22	during	during	ADP
dem-2896	282	23	the	the	DET
dem-2896	282	24	global	global	ADJ
dem-2896	282	25	financial	financial	ADJ
dem-2896	282	26	crisis	crisis	NOUN
dem-2896	282	27	,	,	PUNCT
dem-2896	282	28	emerging	emerge	VERB
dem-2896	282	29	markets	market	NOUN
dem-2896	282	30	review	review	NOUN
dem-2896	282	31	,	,	PUNCT
dem-2896	282	32	13	13	NUM
dem-2896	282	33	,	,	PUNCT
dem-2896	282	34	1–7	1–7	NUM
dem-2896	282	35	,	,	PUNCT
dem-2896	282	36	doi	doi	NOUN
dem-2896	282	37	:	:	PUNCT
dem-2896	282	38	http://dx.doi.org/10.1016/j.ememar.2011.09.001	http://dx.doi.org/10.1016/j.ememar.2011.09.001	PROPN
dem-2896	282	39	.	.	PUNCT
dem-2896	282	40	nelson	nelson	PROPN
dem-2896	282	41	,	,	PUNCT
dem-2896	282	42	d.	d.	PROPN
dem-2896	282	43	b.	b.	PROPN
dem-2896	282	44	(	(	PUNCT
dem-2896	282	45	1991	1991	NUM
dem-2896	282	46	)	)	PUNCT
dem-2896	282	47	,	,	PUNCT
dem-2896	282	48	conditional	conditional	ADJ
dem-2896	282	49	heteroskedasticity	heteroskedasticity	NOUN
dem-2896	282	50	in	in	ADP
dem-2896	282	51	asset	asset	NOUN
dem-2896	282	52	returns	return	NOUN
dem-2896	282	53	:	:	PUNCT
dem-2896	282	54	a	a	DET
dem-2896	282	55	new	new	ADJ
dem-2896	282	56	approach	approach	NOUN
dem-2896	282	57	,	,	PUNCT
dem-2896	282	58	econometrica	econometrica	PROPN
dem-2896	282	59	,	,	PUNCT
dem-2896	282	60	59	59	NUM
dem-2896	282	61	,	,	PUNCT
dem-2896	282	62	347–370	347–370	NUM
dem-2896	282	63	,	,	PUNCT
dem-2896	282	64	doi	doi	NOUN
dem-2896	282	65	:	:	PUNCT
dem-2896	282	66	http://dx.doi.org/10.2307/2938260	http://dx.doi.org/10.2307/2938260	PROPN
dem-2896	282	67	.	.	PUNCT
dem-2896	283	1	olbryś	olbryś	ADV
dem-2896	283	2	,	,	PUNCT
dem-2896	283	3	j.	j.	PROPN
dem-2896	283	4	(	(	PUNCT
dem-2896	283	5	2013	2013	NUM
dem-2896	283	6	)	)	PUNCT
dem-2896	283	7	,	,	PUNCT
dem-2896	283	8	price	price	NOUN
dem-2896	283	9	and	and	CCONJ
dem-2896	283	10	volatility	volatility	NOUN
dem-2896	283	11	spillovers	spillover	NOUN
dem-2896	283	12	in	in	ADP
dem-2896	283	13	the	the	DET
dem-2896	283	14	case	case	NOUN
dem-2896	283	15	of	of	ADP
dem-2896	283	16	stock	stock	NOUN
dem-2896	283	17	markets	market	NOUN
dem-2896	283	18	located	locate	VERB
dem-2896	283	19	in	in	ADP
dem-2896	283	20	different	different	ADJ
dem-2896	283	21	time	time	NOUN
dem-2896	283	22	zones	zone	NOUN
dem-2896	283	23	,	,	PUNCT
dem-2896	283	24	emerging	emerge	VERB
dem-2896	283	25	markets	market	NOUN
dem-2896	283	26	finance	finance	NOUN
dem-2896	283	27	&	&	CCONJ
dem-2896	283	28	trade	trade	PROPN
dem-2896	283	29	,	,	PUNCT
dem-2896	283	30	49(2	49(2	NUM
dem-2896	283	31	)	)	PUNCT
dem-2896	283	32	,	,	PUNCT
dem-2896	283	33	145–157	145–157	NUM
dem-2896	283	34	,	,	PUNCT
dem-2896	283	35	doi	doi	NOUN
dem-2896	283	36	:	:	PUNCT
dem-2896	283	37	http://dx.doi.org/10.2753/ree1540-496x4902s208	http://dx.doi.org/10.2753/ree1540-496x4902s208	PROPN
dem-2896	283	38	.	.	PUNCT
dem-2896	284	1	reyes	reyes	PROPN
dem-2896	284	2	,	,	PUNCT
dem-2896	284	3	m	m	VERB
dem-2896	284	4	.g	.g	NOUN
dem-2896	284	5	.	.	PUNCT
dem-2896	285	1	(	(	PUNCT
dem-2896	285	2	2001	2001	NUM
dem-2896	285	3	)	)	PUNCT
dem-2896	285	4	,	,	PUNCT
dem-2896	285	5	asymmetric	asymmetric	ADJ
dem-2896	285	6	volatility	volatility	NOUN
dem-2896	285	7	spillover	spillover	VERB
dem-2896	285	8	in	in	ADP
dem-2896	285	9	the	the	DET
dem-2896	285	10	tokyo	tokyo	PROPN
dem-2896	285	11	stock	stock	NOUN
dem-2896	285	12	exchange	exchange	NOUN
dem-2896	285	13	,	,	PUNCT
dem-2896	285	14	journal	journal	NOUN
dem-2896	285	15	of	of	ADP
dem-2896	285	16	economics	economic	NOUN
dem-2896	285	17	and	and	CCONJ
dem-2896	285	18	finance	finance	NOUN
dem-2896	285	19	,	,	PUNCT
dem-2896	285	20	25(2	25(2	NUM
dem-2896	285	21	)	)	PUNCT
dem-2896	285	22	,	,	PUNCT
dem-2896	285	23	206–213	206–213	NUM
dem-2896	285	24	,	,	PUNCT
dem-2896	285	25	doi	doi	NOUN
dem-2896	285	26	:	:	PUNCT
dem-2896	285	27	http://dx.doi.org/10.1007/bf02744523	http://dx.doi.org/10.1007/bf02744523	NOUN
dem-2896	285	28	.	.	PUNCT
dem-2896	286	1	scheicher	scheicher	PROPN
dem-2896	286	2	,	,	PUNCT
dem-2896	286	3	m.	m.	NOUN
dem-2896	286	4	(	(	PUNCT
dem-2896	286	5	2001	2001	NUM
dem-2896	286	6	)	)	PUNCT
dem-2896	286	7	,	,	PUNCT
dem-2896	286	8	the	the	DET
dem-2896	286	9	comovements	comovement	NOUN
dem-2896	286	10	of	of	ADP
dem-2896	286	11	stock	stock	NOUN
dem-2896	286	12	markets	market	NOUN
dem-2896	286	13	in	in	ADP
dem-2896	286	14	hungary	hungary	PROPN
dem-2896	286	15	,	,	PUNCT
dem-2896	286	16	poland	poland	PROPN
dem-2896	286	17	and	and	CCONJ
dem-2896	286	18	the	the	DET
dem-2896	286	19	czech	czech	PROPN
dem-2896	286	20	republic	republic	NOUN
dem-2896	286	21	,	,	PUNCT
dem-2896	286	22	international	international	ADJ
dem-2896	286	23	journal	journal	NOUN
dem-2896	286	24	of	of	ADP
dem-2896	286	25	finance	finance	NOUN
dem-2896	286	26	and	and	CCONJ
dem-2896	286	27	economics	economic	NOUN
dem-2896	286	28	,	,	PUNCT
dem-2896	286	29	6	6	NUM
dem-2896	286	30	,	,	PUNCT
dem-2896	286	31	27–39	27–39	NUM
dem-2896	286	32	,	,	PUNCT
dem-2896	286	33	doi	doi	NOUN
dem-2896	286	34	:	:	PUNCT
dem-2896	286	35	http://dx.doi.org/10.1002/ijfe.141	http://dx.doi.org/10.1002/ijfe.141	ADJ
dem-2896	286	36	.	.	PUNCT
dem-2896	287	1	syczewska	syczewska	PROPN
dem-2896	287	2	,	,	PUNCT
dem-2896	287	3	e.	e.	PROPN
dem-2896	287	4	m.	m.	PROPN
dem-2896	287	5	(	(	PUNCT
dem-2896	287	6	2010	2010	NUM
dem-2896	287	7	)	)	PUNCT
dem-2896	287	8	,	,	PUNCT
dem-2896	287	9	changes	change	NOUN
dem-2896	287	10	of	of	ADP
dem-2896	287	11	exchange	exchange	NOUN
dem-2896	287	12	rate	rate	NOUN
dem-2896	287	13	behavior	behavior	NOUN
dem-2896	287	14	during	during	ADP
dem-2896	287	15	and	and	CCONJ
dem-2896	287	16	after	after	ADP
dem-2896	287	17	crisis	crisis	NOUN
dem-2896	287	18	,	,	PUNCT
dem-2896	287	19	quantitative	quantitative	ADJ
dem-2896	287	20	methods	method	NOUN
dem-2896	287	21	in	in	ADP
dem-2896	287	22	economics	economic	NOUN
dem-2896	287	23	,	,	PUNCT
dem-2896	287	24	wuls	wuls	ADJ
dem-2896	287	25	press	press	NOUN
dem-2896	287	26	,	,	PUNCT
dem-2896	287	27	11(1	11(1	NUM
dem-2896	287	28	)	)	PUNCT
dem-2896	287	29	,	,	PUNCT
dem-2896	287	30	145–157	145–157	NUM
dem-2896	287	31	.	.	PUNCT
dem-2896	288	1	syriopoulos	syriopoulo	NOUN
dem-2896	288	2	,	,	PUNCT
dem-2896	288	3	t.	t.	PROPN
dem-2896	288	4	(	(	PUNCT
dem-2896	288	5	2007	2007	NUM
dem-2896	288	6	)	)	PUNCT
dem-2896	288	7	,	,	PUNCT
dem-2896	288	8	dynamic	dynamic	ADJ
dem-2896	288	9	linkages	linkage	NOUN
dem-2896	288	10	between	between	ADP
dem-2896	288	11	emerging	emerge	VERB
dem-2896	288	12	european	european	ADJ
dem-2896	288	13	and	and	CCONJ
dem-2896	288	14	developed	develop	VERB
dem-2896	288	15	stock	stock	NOUN
dem-2896	288	16	markets	market	NOUN
dem-2896	288	17	:	:	PUNCT
dem-2896	288	18	has	have	VERB
dem-2896	288	19	the	the	DET
dem-2896	288	20	emu	emu	PROPN
dem-2896	288	21	any	any	DET
dem-2896	288	22	impact	impact	NOUN
dem-2896	288	23	?	?	PUNCT
dem-2896	288	24	,	,	PUNCT
dem-2896	288	25	international	international	ADJ
dem-2896	288	26	review	review	NOUN
dem-2896	288	27	of	of	ADP
dem-2896	288	28	financial	financial	ADJ
dem-2896	288	29	analysis	analysis	NOUN
dem-2896	288	30	,	,	PUNCT
dem-2896	288	31	16	16	NUM
dem-2896	288	32	,	,	PUNCT
dem-2896	288	33	41–60	41–60	NUM
dem-2896	288	34	,	,	PUNCT
dem-2896	288	35	doi	doi	NOUN
dem-2896	288	36	:	:	PUNCT
dem-2896	288	37	http://dx.doi.org/10.1016/j.irfa.2005.02.003	http://dx.doi.org/10.1016/j.irfa.2005.02.003	PROPN
dem-2896	288	38	.	.	PROPN
dem-2896	288	39	tsay	tsay	PROPN
dem-2896	288	40	,	,	PUNCT
dem-2896	288	41	r.	r.	PROPN
dem-2896	288	42	s.	s.	PROPN
dem-2896	288	43	(	(	PUNCT
dem-2896	288	44	2010	2010	NUM
dem-2896	288	45	)	)	PUNCT
dem-2896	288	46	,	,	PUNCT
dem-2896	288	47	analysis	analysis	NOUN
dem-2896	288	48	of	of	ADP
dem-2896	288	49	financial	financial	ADJ
dem-2896	288	50	time	time	NOUN
dem-2896	288	51	series	series	PROPN
dem-2896	288	52	,	,	PUNCT
dem-2896	288	53	john	john	PROPN
dem-2896	288	54	wiley	wiley	PROPN
dem-2896	288	55	,	,	PUNCT
dem-2896	288	56	new	new	PROPN
dem-2896	288	57	york	york	PROPN
dem-2896	288	58	.	.	PUNCT
dem-2896	289	1	tse	tse	PROPN
dem-2896	289	2	,	,	PUNCT
dem-2896	289	3	y.	y.	PROPN
dem-2896	289	4	,	,	PUNCT
dem-2896	289	5	wu	wu	PROPN
dem-2896	289	6	,	,	PUNCT
dem-2896	289	7	c.	c.	PROPN
dem-2896	289	8	,	,	PUNCT
dem-2896	289	9	young	young	ADJ
dem-2896	289	10	,	,	PUNCT
dem-2896	289	11	a.	a.	NOUN
dem-2896	289	12	(	(	PUNCT
dem-2896	289	13	2003	2003	NUM
dem-2896	289	14	)	)	PUNCT
dem-2896	289	15	,	,	PUNCT
dem-2896	289	16	asymmetric	asymmetric	ADJ
dem-2896	289	17	information	information	NOUN
dem-2896	289	18	transmission	transmission	NOUN
dem-2896	289	19	between	between	ADP
dem-2896	289	20	a	a	DET
dem-2896	289	21	transition	transition	NOUN
dem-2896	289	22	economy	economy	NOUN
dem-2896	289	23	and	and	CCONJ
dem-2896	289	24	the	the	DET
dem-2896	289	25	u.s	u.s	PROPN
dem-2896	289	26	.	.	PROPN
dem-2896	289	27	market	market	NOUN
dem-2896	289	28	:	:	PUNCT
dem-2896	289	29	evidence	evidence	NOUN
dem-2896	289	30	from	from	ADP
dem-2896	289	31	the	the	DET
dem-2896	289	32	warsaw	warsaw	PROPN
dem-2896	289	33	stock	stock	PROPN
dem-2896	289	34	exchange	exchange	PROPN
dem-2896	289	35	,	,	PUNCT
dem-2896	289	36	global	global	ADJ
dem-2896	289	37	finance	finance	NOUN
dem-2896	289	38	journal	journal	NOUN
dem-2896	289	39	,	,	PUNCT
dem-2896	289	40	14	14	NUM
dem-2896	289	41	,	,	PUNCT
dem-2896	289	42	319–332	319–332	NUM
dem-2896	289	43	,	,	PUNCT
dem-2896	289	44	doi	doi	NOUN
dem-2896	289	45	:	:	PUNCT
dem-2896	289	46	http://dx.doi.org/10.1016/j.gfj.2003.09.001	http://dx.doi.org/10.1016/j.gfj.2003.09.001	NOUN
dem-2896	289	47	.	.	PUNCT
dem-2896	290	1	asymetryczny	asymetryczny	PROPN
dem-2896	290	2	wpływ	wpływ	PROPN
dem-2896	290	3	dodatnich	dodatnich	VERB
dem-2896	290	4	i	i	PRON
dem-2896	290	5	ujemnych	ujemnych	VERB
dem-2896	290	6	stóp	stóp	NOUN
dem-2896	290	7	zwrotu	zwrotu	VERB
dem-2896	290	8	na	na	PROPN
dem-2896	290	9	zmienność	zmienność	PROPN
dem-2896	290	10	w	w	PROPN
dem-2896	290	11	przypadku	przypadku	PROPN
dem-2896	290	12	rynków	rynków	PROPN
dem-2896	290	13	stanów	stanów	PROPN
dem-2896	290	14	zjednoczonych	zjednoczonych	PROPN
dem-2896	290	15	,	,	PUNCT
dem-2896	290	16	polski	polski	PROPN
dem-2896	290	17	,	,	PUNCT
dem-2896	290	18	czech	czech	PROPN
dem-2896	290	19	i	i	PRON
dem-2896	290	20	węgier	węgier	NOUN
dem-2896	290	21	:	:	PUNCT
dem-2896	291	1	podejście	podejście	PROPN
dem-2896	292	1	oparte	oparte	INTJ
dem-2896	293	1	na	na	PART
dem-2896	293	2	modelu	modelu	VERB
dem-2896	293	3	egarch	egarch	PROPN
dem-2896	293	4	z	z	PROPN
dem-2896	294	1	a	a	DET
dem-2896	294	2	r	r	NOUN
dem-2896	294	3	y	y	PROPN
dem-2896	294	4	s	s	PROPN
dem-2896	294	5	t	t	NOUN
dem-2896	294	6	r	r	NOUN
dem-2896	294	7	e	e	PROPN
dem-2896	294	8	ś	ś	PROPN
dem-2896	294	9	c	c	PROPN
dem-2896	294	10	i.	i.	PROPN
dem-2896	294	11	artykuł	artykuł	PROPN
dem-2896	294	12	przedstawia	przedstawia	VERB
dem-2896	294	13	badania	badania	PROPN
dem-2896	294	14	dokumentujące	dokumentujące	NOUN
dem-2896	294	15	asymetryczny	asymetryczny	PROPN
dem-2896	294	16	wpływ	wpływ	PROPN
dem-2896	294	17	dodatnich	dodatnich	VERB
dem-2896	294	18	i	i	PRON
dem-2896	294	19	ujemnych	ujemnych	VERB
dem-2896	294	20	stóp	stóp	NOUN
dem-2896	294	21	zwrotu	zwrotu	VERB
dem-2896	294	22	na	na	PROPN
dem-2896	294	23	zmienność	zmienność	PROPN
dem-2896	294	24	w	w	PROPN
dem-2896	294	25	przypadku	przypadku	PROPN
dem-2896	294	26	rynków	rynków	PROPN
dem-2896	294	27	stanów	stanów	PROPN
dem-2896	294	28	zjednoczonych	zjednoczonych	PROPN
dem-2896	294	29	,	,	PUNCT
dem-2896	294	30	polski	polski	PROPN
dem-2896	294	31	,	,	PUNCT
dem-2896	294	32	czech	czech	PROPN
dem-2896	294	33	i	i	PROPN
dem-2896	294	34	węgier	węgier	PROPN
dem-2896	294	35	,	,	PUNCT
dem-2896	294	36	z	z	PROPN
dem-2896	294	37	wykorzystaniem	wykorzystaniem	PROPN
dem-2896	294	38	jednorównaniowych	jednorównaniowych	PROPN
dem-2896	294	39	wykładniczych	wykładniczych	PROPN
dem-2896	294	40	modeli	modeli	PROPN
dem-2896	294	41	egarch	egarch	PROPN
dem-2896	294	42	(	(	PUNCT
dem-2896	294	43	nelson	nelson	PROPN
dem-2896	294	44	,	,	PUNCT
dem-2896	294	45	1991	1991	NUM
dem-2896	294	46	)	)	PUNCT
dem-2896	294	47	.	.	PUNCT
dem-2896	295	1	porównawcze	porównawcze	NOUN
dem-2896	295	2	analizy	analizy	PROPN
dem-2896	295	3	empiryczne	empiryczne	PROPN
dem-2896	295	4	dotyczą	dotyczą	PROPN
dem-2896	295	5	okresu	okresu	PROPN
dem-2896	295	6	styczeń	styczeń	PROPN
dem-2896	295	7	2007	2007	NUM
dem-2896	295	8	–	–	PUNCT
dem-2896	295	9	grudzień	grudzień	NOUN
dem-2896	295	10	2011	2011	NUM
dem-2896	295	11	oraz	oraz	PROPN
dem-2896	295	12	dwóch	dwóch	PROPN
dem-2896	295	13	jednakowo	jednakowo	PROPN
dem-2896	295	14	licznych	licznych	PROPN
dem-2896	295	15	podokresów	podokresów	PROPN
dem-2896	295	16	:	:	PUNCT
dem-2896	295	17	spadków	spadków	NOUN
dem-2896	295	18	(	(	PUNCT
dem-2896	295	19	27.02.2007	27.02.2007	NUM
dem-2896	295	20	–	–	PUNCT
dem-2896	295	21	–	–	PUNCT
dem-2896	295	22	9.03.2009	9.03.2009	NUM
dem-2896	295	23	)	)	PUNCT
dem-2896	295	24	i	i	PRON
dem-2896	295	25	wzrostów	wzrostów	VERB
dem-2896	295	26	(	(	PUNCT
dem-2896	295	27	10.03.2009–10.03.2011	10.03.2009–10.03.2011	NUM
dem-2896	295	28	)	)	PUNCT
dem-2896	295	29	.	.	PUNCT
dem-2896	296	1	stwierdzono	stwierdzono	PROPN
dem-2896	296	2	wyraźny	wyraźny	NOUN
dem-2896	296	3	efekt	efekt	PROPN
dem-2896	296	4	asymetrii	asymetrii	VERB
dem-2896	296	5	na	na	PART
dem-2896	296	6	wszystkich	wszystkich	PROPN
dem-2896	296	7	badanych	badanych	PROPN
dem-2896	296	8	rynkach	rynkach	NOUN
dem-2896	296	9	,	,	PUNCT
dem-2896	296	10	szczególnie	szczególnie	PROPN
dem-2896	296	11	silny	silny	PROPN
dem-2896	296	12	w	w	PROPN
dem-2896	296	13	wyróżnionym	wyróżnionym	PROPN
dem-2896	296	14	okresie	okresie	ADV
dem-2896	296	15	spadkowym	spadkowym	NOUN
dem-2896	296	16	,	,	PUNCT
dem-2896	296	17	wyznaczonym	wyznaczonym	PROPN
dem-2896	296	18	w	w	PROPN
dem-2896	296	19	oparciu	oparciu	PROPN
dem-2896	297	1	o	o	X
dem-2896	297	2	zmiany	zmiany	NOUN
dem-2896	297	3	wartości	wartości	VERB
dem-2896	297	4	indeksu	indeksu	PROPN
dem-2896	297	5	s&p500	s&p500	PROPN
dem-2896	298	1	i	i	PRON
dem-2896	298	2	ściśle	ściśle	NOUN
dem-2896	298	3	związanym	związanym	PROPN
dem-2896	298	4	z	z	PROPN
dem-2896	298	5	okresem	okresem	PROPN
dem-2896	298	6	kryzysu	kryzysu	PROPN
dem-2896	298	7	finansowego	finansowego	PROPN
dem-2896	298	8	w	w	PROPN
dem-2896	298	9	stanach	stanach	PROPN
dem-2896	298	10	zjednoczonych	zjednoczonych	PROPN
dem-2896	298	11	.	.	PUNCT
dem-2896	299	1	s	s	PART
dem-2896	299	2	ł	ł	PROPN
dem-2896	299	3	o	o	X
dem-2896	299	4	w	w	NOUN
dem-2896	299	5	a	a	DET
dem-2896	299	6	k	k	X
dem-2896	299	7	l	l	NOUN
dem-2896	299	8	u	u	NOUN
dem-2896	300	1	c	c	NOUN
dem-2896	300	2	z	z	NOUN
dem-2896	300	3	o	o	X
dem-2896	300	4	w	w	PROPN
dem-2896	300	5	e	e	NOUN
dem-2896	300	6	:	:	PUNCT
dem-2896	300	7	zmienność	zmienność	NOUN
dem-2896	300	8	,	,	PUNCT
dem-2896	300	9	efekt	efekt	PROPN
dem-2896	300	10	asymetrii	asymetrii	VERB
dem-2896	300	11	,	,	PUNCT
dem-2896	300	12	okresy	okresy	ADJ
dem-2896	300	13	spadków	spadków	NOUN
dem-2896	300	14	i	i	PRON
dem-2896	300	15	wzrostów	wzrostów	VERB
dem-2896	300	16	,	,	PUNCT
dem-2896	300	17	wspólny	wspólny	ADJ
dem-2896	300	18	zbiór	zbiór	PROPN
dem-2896	300	19	informacji	informacji	PROPN
dem-2896	300	20	,	,	PUNCT
dem-2896	300	21	model	model	NOUN
dem-2896	300	22	egarch	egarch	PROPN
dem-2896	300	23	.	.	PUNCT
dem-2896	301	1	acknowledgements	acknowledgement	NOUN
dem-2896	301	2	i	i	PRON
dem-2896	301	3	would	would	AUX
dem-2896	301	4	like	like	VERB
dem-2896	301	5	to	to	PART
dem-2896	301	6	thank	thank	VERB
dem-2896	301	7	prof	prof	PROPN
dem-2896	301	8	.	.	PUNCT
dem-2896	302	1	evzen	evzen	PROPN
dem-2896	302	2	kocenda	kocenda	PROPN
dem-2896	302	3	and	and	CCONJ
dem-2896	302	4	prof	prof	PROPN
dem-2896	302	5	.	.	PUNCT
dem-2896	303	1	jan	jan	PROPN
dem-2896	303	2	hanousek	hanousek	PROPN
dem-2896	303	3	for	for	ADP
dem-2896	303	4	providing	provide	VERB
dem-2896	303	5	me	i	PRON
dem-2896	303	6	with	with	ADP
dem-2896	303	7	the	the	DET
dem-2896	303	8	data	datum	NOUN
dem-2896	303	9	on	on	ADP
dem-2896	303	10	prague	prague	PROPN
dem-2896	303	11	stock	stock	PROPN
dem-2896	303	12	exchange	exchange	PROPN
dem-2896	303	13	index	index	PROPN
dem-2896	303	14	.	.	PUNCT
dem-2896	304	1	gacr	gacr	NOUN
dem-2896	304	2	grant	grant	VERB
dem-2896	304	3	no	no	INTJ
dem-2896	304	4	.	.	PUNCT
dem-2896	305	1	403/11/0020	403/11/0020	NOUN
dem-2896	305	2	as	as	ADP
dem-2896	305	3	a	a	DET
dem-2896	305	4	source	source	NOUN
dem-2896	305	5	of	of	ADP
dem-2896	305	6	the	the	DET
dem-2896	305	7	data	data	NOUN
dem-2896	305	8	is	be	AUX
dem-2896	305	9	acknowledged	acknowledge	VERB
dem-2896	305	10	.	.	PUNCT
dem-2896	306	1	i	i	PRON
dem-2896	306	2	am	be	AUX
dem-2896	306	3	especially	especially	ADV
dem-2896	306	4	indebted	indebte	VERB
dem-2896	306	5	to	to	ADP
dem-2896	306	6	anonymous	anonymous	ADJ
dem-2896	306	7	referees	referee	NOUN
dem-2896	306	8	for	for	ADP
dem-2896	306	9	their	their	PRON
dem-2896	306	10	valuable	valuable	ADJ
dem-2896	306	11	comments	comment	NOUN
dem-2896	306	12	and	and	CCONJ
dem-2896	306	13	suggestions	suggestion	NOUN
dem-2896	306	14	which	which	PRON
dem-2896	306	15	greatly	greatly	ADV
dem-2896	306	16	improved	improve	VERB
dem-2896	306	17	the	the	DET
dem-2896	306	18	paper	paper	NOUN
dem-2896	306	19	.	.	PUNCT