id	sid	tid	token	lemma	pos
dem-2898	1	1	microsoft	microsoft	PROPN
dem-2898	1	2	word	word	NOUN
dem-2898	1	3	00_tresc.docx	00_tresc.docx	X
dem-2898	1	4	©	©	PROPN
dem-2898	1	5	2013	2013	NUM
dem-2898	1	6	nicolaus	nicolaus	PROPN
dem-2898	1	7	copernicus	copernicus	PROPN
dem-2898	1	8	university	university	PROPN
dem-2898	1	9	.	.	PUNCT
dem-2898	2	1	all	all	DET
dem-2898	2	2	rights	right	NOUN
dem-2898	2	3	reserved	reserve	VERB
dem-2898	2	4	.	.	PUNCT
dem-2898	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-2898	4	1	d	d	PUNCT
dem-2898	4	2	y	y	PROPN
dem-2898	4	3	n	n	PROPN
dem-2898	4	4	a	a	PRON
dem-2898	4	5	m	m	VERB
dem-2898	5	1	i	i	NOUN
dem-2898	5	2	c	c	NOUN
dem-2898	5	3	e	e	NOUN
dem-2898	5	4	c	c	NOUN
dem-2898	5	5	o	o	X
dem-2898	6	1	n	n	INTJ
dem-2898	6	2	o	o	NOUN
dem-2898	6	3	m	m	VERB
dem-2898	7	1	e	e	NOUN
dem-2898	7	2	t	t	NOUN
dem-2898	7	3	r	r	NOUN
dem-2898	7	4	i	i	NOUN
dem-2898	7	5	c	c	NOUN
dem-2898	7	6	m	m	VERB
dem-2898	7	7	o	o	NOUN
dem-2898	7	8	d	d	X
dem-2898	7	9	e	e	X
dem-2898	7	10	l	l	NOUN
dem-2898	7	11	s	s	X
dem-2898	8	1	doi	doi	NOUN
dem-2898	8	2	:	:	PUNCT
dem-2898	8	3	http://dx.doi.org/10.12775/dem.2013.004	http://dx.doi.org/10.12775/dem.2013.004	VERB
dem-2898	8	4	vol	vol	NOUN
dem-2898	8	5	.	.	PROPN
dem-2898	8	6	13	13	NUM
dem-2898	8	7	(	(	PUNCT
dem-2898	8	8	2013	2013	NUM
dem-2898	8	9	)	)	PUNCT
dem-2898	8	10	69−85	69−85	NOUN
dem-2898	8	11	submitted	submit	VERB
dem-2898	8	12	october	october	PROPN
dem-2898	8	13	10	10	NUM
dem-2898	8	14	,	,	PUNCT
dem-2898	8	15	2013	2013	NUM
dem-2898	8	16	issn	issn	AUX
dem-2898	8	17	accepted	accept	VERB
dem-2898	8	18	december	december	PROPN
dem-2898	8	19	30	30	NUM
dem-2898	8	20	,	,	PUNCT
dem-2898	8	21	2013	2013	NUM
dem-2898	8	22	1234	1234	NUM
dem-2898	8	23	-	-	SYM
dem-2898	8	24	3862	3862	NUM
dem-2898	8	25	milda	milda	PROPN
dem-2898	8	26	maria	maria	PROPN
dem-2898	8	27	burzała	burzała	PROPN
dem-2898	8	28	*	*	VERB
dem-2898	8	29	determination	determination	NOUN
dem-2898	8	30	of	of	ADP
dem-2898	8	31	the	the	DET
dem-2898	8	32	time	time	NOUN
dem-2898	8	33	of	of	ADP
dem-2898	8	34	contagion	contagion	NOUN
dem-2898	8	35	in	in	ADP
dem-2898	8	36	capital	capital	NOUN
dem-2898	8	37	markets	market	NOUN
dem-2898	8	38	based	base	VERB
dem-2898	8	39	on	on	ADP
dem-2898	8	40	the	the	DET
dem-2898	8	41	switching	switch	VERB
dem-2898	8	42	model	model	NOUN
dem-2898	8	43	a	a	DET
dem-2898	8	44	b	b	PROPN
dem-2898	8	45	s	s	ADP
dem-2898	8	46	t	t	PROPN
dem-2898	8	47	r	r	NOUN
dem-2898	8	48	a	a	DET
dem-2898	8	49	c	c	NOUN
dem-2898	8	50	t.	t.	NOUN
dem-2898	8	51	this	this	DET
dem-2898	8	52	article	article	NOUN
dem-2898	8	53	attempts	attempt	VERB
dem-2898	8	54	to	to	PART
dem-2898	8	55	compare	compare	VERB
dem-2898	8	56	conclusions	conclusion	NOUN
dem-2898	8	57	made	make	VERB
dem-2898	8	58	about	about	ADP
dem-2898	8	59	market	market	NOUN
dem-2898	8	60	contagion	contagion	NOUN
dem-2898	8	61	based	base	VERB
dem-2898	8	62	on	on	ADP
dem-2898	8	63	the	the	DET
dem-2898	8	64	periods	period	NOUN
dem-2898	8	65	indicated	indicate	VERB
dem-2898	8	66	by	by	ADP
dem-2898	8	67	using	use	VERB
dem-2898	8	68	the	the	DET
dem-2898	8	69	markov	markov	NOUN
dem-2898	8	70	-	-	PUNCT
dem-2898	8	71	switching	switch	VERB
dem-2898	8	72	model	model	NOUN
dem-2898	8	73	and	and	CCONJ
dem-2898	8	74	based	base	VERB
dem-2898	8	75	on	on	ADP
dem-2898	8	76	a	a	DET
dem-2898	8	77	range	range	NOUN
dem-2898	8	78	for	for	ADP
dem-2898	8	79	unconditional	unconditional	ADJ
dem-2898	8	80	correlations	correlation	NOUN
dem-2898	8	81	as	as	ADV
dem-2898	8	82	well	well	ADV
dem-2898	8	83	as	as	ADP
dem-2898	8	84	on	on	ADP
dem-2898	8	85	arbitrary	arbitrary	ADJ
dem-2898	8	86	arrangements	arrangement	NOUN
dem-2898	8	87	.	.	PUNCT
dem-2898	9	1	dcc	dcc	PROPN
dem-2898	9	2	-	-	PUNCT
dem-2898	9	3	model	model	NOUN
dem-2898	9	4	was	be	AUX
dem-2898	9	5	used	use	VERB
dem-2898	9	6	to	to	PART
dem-2898	9	7	control	control	VERB
dem-2898	9	8	for	for	ADP
dem-2898	9	9	correlation	correlation	NOUN
dem-2898	9	10	change	change	NOUN
dem-2898	9	11	over	over	ADP
dem-2898	9	12	time	time	NOUN
dem-2898	9	13	.	.	PUNCT
dem-2898	10	1	determination	determination	NOUN
dem-2898	10	2	of	of	ADP
dem-2898	10	3	extremely	extremely	ADV
dem-2898	10	4	high	high	ADJ
dem-2898	10	5	correlations	correlation	NOUN
dem-2898	10	6	by	by	ADP
dem-2898	10	7	using	use	VERB
dem-2898	10	8	a	a	DET
dem-2898	10	9	range	range	NOUN
dem-2898	10	10	for	for	ADP
dem-2898	10	11	unconditional	unconditional	ADJ
dem-2898	10	12	correlations	correlation	NOUN
dem-2898	10	13	and	and	CCONJ
dem-2898	10	14	the	the	DET
dem-2898	10	15	ms(3	ms(3	NOUN
dem-2898	10	16	)	)	PUNCT
dem-2898	10	17	switching	switch	VERB
dem-2898	10	18	model	model	NOUN
dem-2898	10	19	yields	yield	VERB
dem-2898	10	20	similar	similar	ADJ
dem-2898	10	21	results	result	NOUN
dem-2898	10	22	regarding	regard	VERB
dem-2898	10	23	conclusions	conclusion	NOUN
dem-2898	10	24	about	about	ADP
dem-2898	10	25	the	the	DET
dem-2898	10	26	occurrence	occurrence	NOUN
dem-2898	10	27	of	of	ADP
dem-2898	10	28	the	the	DET
dem-2898	10	29	process	process	NOUN
dem-2898	10	30	of	of	ADP
dem-2898	10	31	contagion	contagion	NOUN
dem-2898	10	32	in	in	ADP
dem-2898	10	33	a	a	DET
dem-2898	10	34	market	market	NOUN
dem-2898	10	35	.	.	PUNCT
dem-2898	11	1	conclusions	conclusion	NOUN
dem-2898	11	2	about	about	ADP
dem-2898	11	3	contagion	contagion	NOUN
dem-2898	11	4	are	be	AUX
dem-2898	11	5	,	,	PUNCT
dem-2898	11	6	however	however	ADV
dem-2898	11	7	,	,	PUNCT
dem-2898	11	8	made	make	VERB
dem-2898	11	9	at	at	ADP
dem-2898	11	10	a	a	DET
dem-2898	11	11	higher	high	ADJ
dem-2898	11	12	significance	significance	NOUN
dem-2898	11	13	level	level	NOUN
dem-2898	11	14	in	in	ADP
dem-2898	11	15	the	the	DET
dem-2898	11	16	case	case	NOUN
dem-2898	11	17	of	of	ADP
dem-2898	11	18	the	the	DET
dem-2898	11	19	switching	switch	VERB
dem-2898	11	20	model	model	NOUN
dem-2898	11	21	.	.	PUNCT
dem-2898	12	1	k	k	PROPN
dem-2898	12	2	e	e	PROPN
dem-2898	12	3	y	y	PROPN
dem-2898	12	4	w	w	NOUN
dem-2898	12	5	o	o	NOUN
dem-2898	12	6	r	r	NOUN
dem-2898	12	7	d	d	NOUN
dem-2898	12	8	s	s	NOUN
dem-2898	12	9	:	:	PUNCT
dem-2898	12	10	switching	switch	VERB
dem-2898	12	11	model	model	NOUN
dem-2898	12	12	,	,	PUNCT
dem-2898	12	13	dcc	dcc	PROPN
dem-2898	12	14	-	-	PUNCT
dem-2898	12	15	garch	garch	NOUN
dem-2898	12	16	model	model	NOUN
dem-2898	12	17	,	,	PUNCT
dem-2898	12	18	contagion	contagion	NOUN
dem-2898	12	19	.	.	PUNCT
dem-2898	13	1	j	j	PROPN
dem-2898	13	2	e	e	PROPN
dem-2898	13	3	l	l	PROPN
dem-2898	13	4	classification	classification	NOUN
dem-2898	13	5	:	:	PUNCT
dem-2898	13	6	g01	g01	NOUN
dem-2898	13	7	,	,	PUNCT
dem-2898	13	8	g15	g15	PROPN
dem-2898	13	9	,	,	PUNCT
dem-2898	13	10	c24	c24	PROPN
dem-2898	13	11	.	.	PUNCT
dem-2898	14	1	introduction	introduction	NOUN
dem-2898	14	2	current	current	ADJ
dem-2898	14	3	economical	economical	ADJ
dem-2898	14	4	and	and	CCONJ
dem-2898	14	5	financial	financial	ADJ
dem-2898	14	6	crises	crisis	NOUN
dem-2898	14	7	in	in	ADP
dem-2898	14	8	general	general	ADJ
dem-2898	14	9	have	have	VERB
dem-2898	14	10	international	international	ADJ
dem-2898	14	11	–	–	PUNCT
dem-2898	14	12	character	character	NOUN
dem-2898	14	13	.	.	PUNCT
dem-2898	15	1	propagation	propagation	NOUN
dem-2898	15	2	mechanisms	mechanism	NOUN
dem-2898	15	3	across	across	ADP
dem-2898	15	4	countries	country	NOUN
dem-2898	15	5	and	and	CCONJ
dem-2898	15	6	markets	market	NOUN
dem-2898	15	7	are	be	AUX
dem-2898	15	8	called	call	VERB
dem-2898	15	9	the	the	DET
dem-2898	15	10	transmissions	transmission	NOUN
dem-2898	15	11	for	for	ADP
dem-2898	15	12	fundamental	fundamental	ADJ
dem-2898	15	13	linkages	linkage	NOUN
dem-2898	15	14	.	.	PUNCT
dem-2898	16	1	in	in	ADP
dem-2898	16	2	literature	literature	NOUN
dem-2898	16	3	contagion	contagion	NOUN
dem-2898	16	4	term	term	NOUN
dem-2898	16	5	is	be	AUX
dem-2898	16	6	applied	apply	VERB
dem-2898	16	7	only	only	ADV
dem-2898	16	8	to	to	ADP
dem-2898	16	9	the	the	DET
dem-2898	16	10	financial	financial	ADJ
dem-2898	16	11	markets	market	NOUN
dem-2898	16	12	,	,	PUNCT
dem-2898	16	13	however	however	ADV
dem-2898	16	14	it	it	PRON
dem-2898	16	15	should	should	AUX
dem-2898	16	16	not	not	PART
dem-2898	16	17	be	be	AUX
dem-2898	16	18	identified	identify	VERB
dem-2898	16	19	only	only	ADV
dem-2898	16	20	with	with	ADP
dem-2898	16	21	the	the	DET
dem-2898	16	22	financial	financial	ADJ
dem-2898	16	23	linkages	linkage	NOUN
dem-2898	16	24	–	–	PUNCT
dem-2898	16	25	it	it	PRON
dem-2898	16	26	can	can	AUX
dem-2898	16	27	also	also	ADV
dem-2898	16	28	concern	concern	VERB
dem-2898	16	29	the	the	DET
dem-2898	16	30	markets	market	NOUN
dem-2898	16	31	which	which	PRON
dem-2898	16	32	are	be	AUX
dem-2898	16	33	not	not	PART
dem-2898	16	34	significantly	significantly	ADV
dem-2898	16	35	financially	financially	ADV
dem-2898	16	36	connected	connect	VERB
dem-2898	16	37	.	.	PUNCT
dem-2898	17	1	many	many	ADJ
dem-2898	17	2	authors	author	NOUN
dem-2898	17	3	claim	claim	VERB
dem-2898	17	4	that	that	SCONJ
dem-2898	17	5	increase	increase	NOUN
dem-2898	17	6	in	in	ADP
dem-2898	17	7	financial	financial	ADJ
dem-2898	17	8	integration	integration	NOUN
dem-2898	17	9	intensifies	intensifie	NOUN
dem-2898	17	10	contagion	contagion	NOUN
dem-2898	17	11	effects	effect	NOUN
dem-2898	17	12	.	.	PUNCT
dem-2898	18	1	on	on	ADP
dem-2898	18	2	the	the	DET
dem-2898	18	3	subject	subject	NOUN
dem-2898	18	4	of	of	ADP
dem-2898	18	5	interde	interde	PROPN
dem-2898	18	6	*	*	PUNCT
dem-2898	18	7	correspondence	correspondence	NOUN
dem-2898	18	8	to	to	ADP
dem-2898	18	9	:	:	PUNCT
dem-2898	18	10	milda	milda	ADJ
dem-2898	18	11	burzala	burzala	NOUN
dem-2898	18	12	,	,	PUNCT
dem-2898	18	13	department	department	NOUN
dem-2898	18	14	of	of	ADP
dem-2898	18	15	econometrics	econometric	NOUN
dem-2898	18	16	,	,	PUNCT
dem-2898	18	17	faculty	faculty	NOUN
dem-2898	18	18	of	of	ADP
dem-2898	18	19	informatics	informatic	NOUN
dem-2898	18	20	and	and	CCONJ
dem-2898	18	21	electronic	electronic	ADJ
dem-2898	18	22	economy	economy	NOUN
dem-2898	18	23	,	,	PUNCT
dem-2898	18	24	poznan	poznan	PROPN
dem-2898	18	25	university	university	PROPN
dem-2898	18	26	of	of	ADP
dem-2898	18	27	economics	economic	NOUN
dem-2898	18	28	,	,	PUNCT
dem-2898	18	29	towarowa	towarowa	VERB
dem-2898	18	30	53	53	NUM
dem-2898	18	31	,	,	PUNCT
dem-2898	18	32	61	61	NUM
dem-2898	18	33	-	-	SYM
dem-2898	18	34	896	896	NUM
dem-2898	18	35	poznań	poznań	NOUN
dem-2898	18	36	,	,	PUNCT
dem-2898	18	37	poland	poland	PROPN
dem-2898	18	38	,	,	PUNCT
dem-2898	18	39	e	e	NOUN
dem-2898	18	40	-	-	NOUN
dem-2898	18	41	mail	mail	NOUN
dem-2898	18	42	:	:	PUNCT
dem-2898	19	1	m.burzala@ue.poznan.pl	m.burzala@ue.poznan.pl	PROPN
dem-2898	19	2	.	.	PUNCT
dem-2898	20	1	milda	milda	PROPN
dem-2898	20	2	maria	maria	PROPN
dem-2898	20	3	burzała	burzała	PROPN
dem-2898	20	4	dynamic	dynamic	ADJ
dem-2898	20	5	econometric	econometric	ADJ
dem-2898	20	6	models	model	NOUN
dem-2898	20	7	13	13	NUM
dem-2898	20	8	(	(	PUNCT
dem-2898	20	9	2013	2013	NUM
dem-2898	20	10	)	)	PUNCT
dem-2898	20	11	69–85	69–85	NUM
dem-2898	20	12	70	70	NUM
dem-2898	20	13	pendence	pendence	NOUN
dem-2898	20	14	between	between	ADP
dem-2898	20	15	markets	market	NOUN
dem-2898	20	16	,	,	PUNCT
dem-2898	20	17	contagion	contagion	NOUN
dem-2898	20	18	effects	effect	NOUN
dem-2898	20	19	and	and	CCONJ
dem-2898	20	20	transmission	transmission	NOUN
dem-2898	20	21	channels	channel	NOUN
dem-2898	20	22	treat	treat	VERB
dem-2898	20	23	,	,	PUNCT
dem-2898	20	24	among	among	ADP
dem-2898	20	25	others	other	NOUN
dem-2898	20	26	,	,	PUNCT
dem-2898	20	27	the	the	DET
dem-2898	20	28	works	work	NOUN
dem-2898	20	29	of	of	ADP
dem-2898	20	30	:	:	PUNCT
dem-2898	20	31	eichengreen	eichengreen	NOUN
dem-2898	20	32	et	et	PROPN
dem-2898	20	33	al	al	PROPN
dem-2898	20	34	.	.	PROPN
dem-2898	20	35	(	(	PUNCT
dem-2898	20	36	1995	1995	NUM
dem-2898	20	37	,	,	PUNCT
dem-2898	20	38	1996	1996	NUM
dem-2898	20	39	)	)	PUNCT
dem-2898	20	40	,	,	PUNCT
dem-2898	20	41	goldstein	goldstein	PROPN
dem-2898	20	42	(	(	PUNCT
dem-2898	20	43	1998	1998	NUM
dem-2898	20	44	)	)	PUNCT
dem-2898	20	45	,	,	PUNCT
dem-2898	20	46	masson	masson	PROPN
dem-2898	20	47	(	(	PUNCT
dem-2898	20	48	1998	1998	NUM
dem-2898	20	49	)	)	PUNCT
dem-2898	20	50	,	,	PUNCT
dem-2898	20	51	kaminsky	kaminsky	PROPN
dem-2898	20	52	and	and	CCONJ
dem-2898	20	53	reinhart	reinhart	PROPN
dem-2898	20	54	(	(	PUNCT
dem-2898	20	55	2000	2000	NUM
dem-2898	20	56	,	,	PUNCT
dem-2898	20	57	2002	2002	NUM
dem-2898	20	58	)	)	PUNCT
dem-2898	20	59	,	,	PUNCT
dem-2898	20	60	forbes	forbes	PROPN
dem-2898	20	61	and	and	CCONJ
dem-2898	20	62	rigobon	rigobon	PROPN
dem-2898	20	63	(	(	PUNCT
dem-2898	20	64	2002	2002	NUM
dem-2898	20	65	)	)	PUNCT
dem-2898	20	66	,	,	PUNCT
dem-2898	20	67	pericoli	pericoli	NOUN
dem-2898	20	68	and	and	CCONJ
dem-2898	20	69	sbracia	sbracia	PROPN
dem-2898	20	70	(	(	PUNCT
dem-2898	20	71	2003	2003	NUM
dem-2898	20	72	)	)	PUNCT
dem-2898	20	73	,	,	PUNCT
dem-2898	20	74	pesaran	pesaran	VERB
dem-2898	20	75	and	and	CCONJ
dem-2898	20	76	pick	pick	VERB
dem-2898	20	77	(	(	PUNCT
dem-2898	20	78	2004	2004	NUM
dem-2898	20	79	)	)	PUNCT
dem-2898	20	80	,	,	PUNCT
dem-2898	20	81	dungey	dungey	PROPN
dem-2898	20	82	et	et	PROPN
dem-2898	20	83	al	al	PROPN
dem-2898	20	84	.	.	PUNCT
dem-2898	20	85	(	(	PUNCT
dem-2898	20	86	2005	2005	NUM
dem-2898	20	87	)	)	PUNCT
dem-2898	20	88	.	.	PUNCT
dem-2898	21	1	the	the	DET
dem-2898	21	2	most	most	ADV
dem-2898	21	3	restrictive	restrictive	ADJ
dem-2898	21	4	definition	definition	NOUN
dem-2898	21	5	provided	provide	VERB
dem-2898	21	6	by	by	ADP
dem-2898	21	7	the	the	DET
dem-2898	21	8	world	world	PROPN
dem-2898	21	9	bank	bank	PROPN
dem-2898	21	10	assumes	assume	VERB
dem-2898	21	11	that	that	SCONJ
dem-2898	21	12	market	market	NOUN
dem-2898	21	13	contagion	contagion	NOUN
dem-2898	21	14	occurs	occur	VERB
dem-2898	21	15	when	when	SCONJ
dem-2898	21	16	the	the	DET
dem-2898	21	17	correlation	correlation	NOUN
dem-2898	21	18	between	between	ADP
dem-2898	21	19	markets	market	NOUN
dem-2898	21	20	in	in	ADP
dem-2898	21	21	a	a	DET
dem-2898	21	22	time	time	NOUN
dem-2898	21	23	of	of	ADP
dem-2898	21	24	crisis	crisis	NOUN
dem-2898	21	25	is	be	AUX
dem-2898	21	26	significantly	significantly	ADV
dem-2898	21	27	higher	high	ADJ
dem-2898	21	28	than	than	ADP
dem-2898	21	29	during	during	ADP
dem-2898	21	30	the	the	DET
dem-2898	21	31	period	period	NOUN
dem-2898	21	32	of	of	ADP
dem-2898	21	33	tranquillity1	tranquillity1	NOUN
dem-2898	21	34	.	.	PUNCT
dem-2898	22	1	it	it	PRON
dem-2898	22	2	is	be	AUX
dem-2898	22	3	possible	possible	ADJ
dem-2898	22	4	to	to	PART
dem-2898	22	5	control	control	VERB
dem-2898	22	6	for	for	ADP
dem-2898	22	7	correlation	correlation	NOUN
dem-2898	22	8	change	change	NOUN
dem-2898	22	9	over	over	ADP
dem-2898	22	10	time	time	NOUN
dem-2898	22	11	by	by	ADP
dem-2898	22	12	using	use	VERB
dem-2898	22	13	,	,	PUNCT
dem-2898	22	14	for	for	ADP
dem-2898	22	15	example	example	NOUN
dem-2898	22	16	,	,	PUNCT
dem-2898	22	17	a	a	DET
dem-2898	22	18	dynamic	dynamic	ADJ
dem-2898	22	19	conditional	conditional	ADJ
dem-2898	22	20	correlation	correlation	NOUN
dem-2898	22	21	model	model	NOUN
dem-2898	22	22	.	.	PUNCT
dem-2898	23	1	researchers	researcher	NOUN
dem-2898	23	2	often	often	ADV
dem-2898	23	3	also	also	ADV
dem-2898	23	4	adopt	adopt	VERB
dem-2898	23	5	an	an	DET
dem-2898	23	6	additional	additional	ADJ
dem-2898	23	7	definition	definition	NOUN
dem-2898	23	8	of	of	ADP
dem-2898	23	9	contagion	contagion	NOUN
dem-2898	23	10	that	that	PRON
dem-2898	23	11	would	would	AUX
dem-2898	23	12	“	"	PUNCT
dem-2898	23	13	suit	suit	VERB
dem-2898	23	14	the	the	DET
dem-2898	23	15	purpose	purpose	NOUN
dem-2898	23	16	of	of	ADP
dem-2898	23	17	a	a	DET
dem-2898	23	18	given	give	VERB
dem-2898	23	19	research	research	NOUN
dem-2898	23	20	method	method	NOUN
dem-2898	23	21	”	"	PUNCT
dem-2898	23	22	.	.	PUNCT
dem-2898	24	1	if	if	SCONJ
dem-2898	24	2	volatility	volatility	NOUN
dem-2898	24	3	models	model	NOUN
dem-2898	24	4	are	be	AUX
dem-2898	24	5	used	use	VERB
dem-2898	24	6	,	,	PUNCT
dem-2898	24	7	then	then	ADV
dem-2898	24	8	contagion	contagion	NOUN
dem-2898	24	9	is	be	AUX
dem-2898	24	10	identified	identify	VERB
dem-2898	24	11	with	with	ADP
dem-2898	24	12	the	the	DET
dem-2898	24	13	spread	spread	NOUN
dem-2898	24	14	of	of	ADP
dem-2898	24	15	uncertainty	uncertainty	NOUN
dem-2898	24	16	across	across	ADP
dem-2898	24	17	financial	financial	ADJ
dem-2898	24	18	markets	market	NOUN
dem-2898	24	19	.	.	PUNCT
dem-2898	25	1	the	the	DET
dem-2898	25	2	assessment	assessment	NOUN
dem-2898	25	3	of	of	ADP
dem-2898	25	4	the	the	DET
dem-2898	25	5	significance	significance	NOUN
dem-2898	25	6	of	of	ADP
dem-2898	25	7	a	a	DET
dem-2898	25	8	contagion	contagion	NOUN
dem-2898	25	9	process	process	NOUN
dem-2898	25	10	requires	require	VERB
dem-2898	25	11	dividing	divide	VERB
dem-2898	25	12	a	a	DET
dem-2898	25	13	sample	sample	NOUN
dem-2898	25	14	into	into	ADP
dem-2898	25	15	observations	observation	NOUN
dem-2898	25	16	from	from	ADP
dem-2898	25	17	the	the	DET
dem-2898	25	18	time	time	NOUN
dem-2898	25	19	of	of	ADP
dem-2898	25	20	tranquillity	tranquillity	NOUN
dem-2898	25	21	and	and	CCONJ
dem-2898	25	22	from	from	ADP
dem-2898	25	23	the	the	DET
dem-2898	25	24	time	time	NOUN
dem-2898	25	25	of	of	ADP
dem-2898	25	26	crisis	crisis	NOUN
dem-2898	25	27	in	in	ADP
dem-2898	25	28	financial	financial	ADJ
dem-2898	25	29	markets	market	NOUN
dem-2898	25	30	.	.	PUNCT
dem-2898	26	1	a	a	DET
dem-2898	26	2	period	period	NOUN
dem-2898	26	3	of	of	ADP
dem-2898	26	4	tranquillity	tranquillity	NOUN
dem-2898	26	5	is	be	AUX
dem-2898	26	6	a	a	DET
dem-2898	26	7	benchmark	benchmark	ADJ
dem-2898	26	8	period	period	NOUN
dem-2898	26	9	for	for	ADP
dem-2898	26	10	determining	determine	VERB
dem-2898	26	11	connections	connection	NOUN
dem-2898	26	12	between	between	ADP
dem-2898	26	13	markets	market	NOUN
dem-2898	26	14	,	,	PUNCT
dem-2898	26	15	which	which	PRON
dem-2898	26	16	is	be	AUX
dem-2898	26	17	a	a	DET
dem-2898	26	18	point	point	NOUN
dem-2898	26	19	of	of	ADP
dem-2898	26	20	reference	reference	NOUN
dem-2898	26	21	for	for	ADP
dem-2898	26	22	changes	change	NOUN
dem-2898	26	23	observed	observe	VERB
dem-2898	26	24	during	during	ADP
dem-2898	26	25	a	a	DET
dem-2898	26	26	crisis	crisis	NOUN
dem-2898	26	27	.	.	PUNCT
dem-2898	27	1	the	the	DET
dem-2898	27	2	transition	transition	NOUN
dem-2898	27	3	from	from	ADP
dem-2898	27	4	a	a	DET
dem-2898	27	5	tranquillity	tranquillity	NOUN
dem-2898	27	6	period	period	NOUN
dem-2898	27	7	to	to	ADP
dem-2898	27	8	the	the	DET
dem-2898	27	9	period	period	NOUN
dem-2898	27	10	of	of	ADP
dem-2898	27	11	crisis	crisis	NOUN
dem-2898	27	12	is	be	AUX
dem-2898	27	13	usually	usually	ADV
dem-2898	27	14	established	establish	VERB
dem-2898	27	15	based	base	VERB
dem-2898	27	16	on	on	ADP
dem-2898	27	17	events	event	NOUN
dem-2898	27	18	which	which	PRON
dem-2898	27	19	may	may	AUX
dem-2898	27	20	change	change	VERB
dem-2898	27	21	the	the	DET
dem-2898	27	22	behaviour	behaviour	NOUN
dem-2898	27	23	of	of	ADP
dem-2898	27	24	certain	certain	ADJ
dem-2898	27	25	indicators	indicator	NOUN
dem-2898	27	26	.	.	PUNCT
dem-2898	28	1	the	the	DET
dem-2898	28	2	results	result	NOUN
dem-2898	28	3	of	of	ADP
dem-2898	28	4	research	research	NOUN
dem-2898	28	5	studies	study	NOUN
dem-2898	28	6	depend	depend	VERB
dem-2898	28	7	on	on	ADP
dem-2898	28	8	the	the	DET
dem-2898	28	9	division	division	NOUN
dem-2898	28	10	which	which	PRON
dem-2898	28	11	has	have	AUX
dem-2898	28	12	been	be	AUX
dem-2898	28	13	made	make	VERB
dem-2898	28	14	and	and	CCONJ
dem-2898	28	15	the	the	DET
dem-2898	28	16	time	time	NOUN
dem-2898	28	17	of	of	ADP
dem-2898	28	18	crisis	crisis	NOUN
dem-2898	28	19	often	often	ADV
dem-2898	28	20	covers	cover	VERB
dem-2898	28	21	both	both	CCONJ
dem-2898	28	22	high	high	ADJ
dem-2898	28	23	and	and	CCONJ
dem-2898	28	24	low	low	ADJ
dem-2898	28	25	correlations	correlation	NOUN
dem-2898	28	26	between	between	ADP
dem-2898	28	27	researched	research	VERB
dem-2898	28	28	markets	market	NOUN
dem-2898	28	29	.	.	PUNCT
dem-2898	29	1	establishing	establish	VERB
dem-2898	29	2	a	a	DET
dem-2898	29	3	potential	potential	ADJ
dem-2898	29	4	time	time	NOUN
dem-2898	29	5	of	of	ADP
dem-2898	29	6	market	market	NOUN
dem-2898	29	7	contagion	contagion	NOUN
dem-2898	29	8	by	by	ADP
dem-2898	29	9	using	use	VERB
dem-2898	29	10	the	the	DET
dem-2898	29	11	markovswitching	markovswitching	NOUN
dem-2898	29	12	model	model	NOUN
dem-2898	29	13	makes	make	VERB
dem-2898	29	14	it	it	PRON
dem-2898	29	15	possible	possible	ADJ
dem-2898	29	16	to	to	PART
dem-2898	29	17	make	make	VERB
dem-2898	29	18	an	an	DET
dem-2898	29	19	assumption	assumption	NOUN
dem-2898	29	20	about	about	ADP
dem-2898	29	21	the	the	DET
dem-2898	29	22	differences	difference	NOUN
dem-2898	29	23	in	in	ADP
dem-2898	29	24	a	a	DET
dem-2898	29	25	stochastic	stochastic	ADJ
dem-2898	29	26	process	process	NOUN
dem-2898	29	27	that	that	PRON
dem-2898	29	28	determines	determine	VERB
dem-2898	29	29	correlations	correlation	NOUN
dem-2898	29	30	in	in	ADP
dem-2898	29	31	particular	particular	ADJ
dem-2898	29	32	regimes	regime	NOUN
dem-2898	29	33	.	.	PUNCT
dem-2898	30	1	the	the	DET
dem-2898	30	2	main	main	ADJ
dem-2898	30	3	hypothesis	hypothesis	NOUN
dem-2898	30	4	refers	refer	VERB
dem-2898	30	5	to	to	ADP
dem-2898	30	6	the	the	DET
dem-2898	30	7	possibility	possibility	NOUN
dem-2898	30	8	of	of	ADP
dem-2898	30	9	using	use	VERB
dem-2898	30	10	the	the	DET
dem-2898	30	11	onedimensional	onedimensional	ADJ
dem-2898	30	12	markov	markov	NOUN
dem-2898	30	13	switching	switch	VERB
dem-2898	30	14	model	model	NOUN
dem-2898	30	15	to	to	PART
dem-2898	30	16	determine	determine	VERB
dem-2898	30	17	the	the	DET
dem-2898	30	18	time	time	NOUN
dem-2898	30	19	of	of	ADP
dem-2898	30	20	contagion	contagion	NOUN
dem-2898	30	21	in	in	ADP
dem-2898	30	22	capital	capital	NOUN
dem-2898	30	23	markets	market	NOUN
dem-2898	30	24	.	.	PUNCT
dem-2898	31	1	results	result	NOUN
dem-2898	31	2	were	be	AUX
dem-2898	31	3	compared	compare	VERB
dem-2898	31	4	with	with	ADP
dem-2898	31	5	conclusions	conclusion	NOUN
dem-2898	31	6	made	make	VERB
dem-2898	31	7	about	about	ADP
dem-2898	31	8	market	market	NOUN
dem-2898	31	9	contagion	contagion	NOUN
dem-2898	31	10	based	base	VERB
dem-2898	31	11	on	on	ADP
dem-2898	31	12	a	a	DET
dem-2898	31	13	range	range	NOUN
dem-2898	31	14	for	for	ADP
dem-2898	31	15	unconditional	unconditional	ADJ
dem-2898	31	16	correlations	correlation	NOUN
dem-2898	31	17	as	as	ADV
dem-2898	31	18	well	well	ADV
dem-2898	31	19	as	as	ADP
dem-2898	31	20	on	on	ADP
dem-2898	31	21	arbitrary	arbitrary	ADJ
dem-2898	31	22	arrangements	arrangement	NOUN
dem-2898	31	23	.	.	PUNCT
dem-2898	32	1	the	the	DET
dem-2898	32	2	consequences	consequence	NOUN
dem-2898	32	3	of	of	ADP
dem-2898	32	4	adopting	adopt	VERB
dem-2898	32	5	particular	particular	ADJ
dem-2898	32	6	divisions	division	NOUN
dem-2898	32	7	are	be	AUX
dem-2898	32	8	,	,	PUNCT
dem-2898	32	9	in	in	ADP
dem-2898	32	10	fact	fact	NOUN
dem-2898	32	11	,	,	PUNCT
dem-2898	32	12	important	important	ADJ
dem-2898	32	13	information	information	NOUN
dem-2898	32	14	for	for	ADP
dem-2898	32	15	researchers	researcher	NOUN
dem-2898	32	16	.	.	PUNCT
dem-2898	33	1	research	research	NOUN
dem-2898	33	2	results	result	NOUN
dem-2898	33	3	presented	present	VERB
dem-2898	33	4	in	in	ADP
dem-2898	33	5	this	this	DET
dem-2898	33	6	paper	paper	NOUN
dem-2898	33	7	concern	concern	NOUN
dem-2898	33	8	the	the	DET
dem-2898	33	9	assessment	assessment	NOUN
dem-2898	33	10	of	of	ADP
dem-2898	33	11	the	the	DET
dem-2898	33	12	significance	significance	NOUN
dem-2898	33	13	of	of	ADP
dem-2898	33	14	contagion	contagion	NOUN
dem-2898	33	15	in	in	ADP
dem-2898	33	16	certain	certain	ADJ
dem-2898	33	17	capital	capital	NOUN
dem-2898	33	18	markets	market	NOUN
dem-2898	33	19	in	in	ADP
dem-2898	33	20	the	the	DET
dem-2898	33	21	years	year	NOUN
dem-2898	33	22	2007–2009	2007–2009	NUM
dem-2898	33	23	.	.	PUNCT
dem-2898	34	1	selected	select	VERB
dem-2898	34	2	stock	stock	NOUN
dem-2898	34	3	exchange	exchange	NOUN
dem-2898	34	4	indices	index	NOUN
dem-2898	34	5	represent	represent	VERB
dem-2898	34	6	the	the	DET
dem-2898	34	7	situation	situation	NOUN
dem-2898	34	8	in	in	ADP
dem-2898	34	9	securities	security	NOUN
dem-2898	34	10	markets2	markets2	PROPN
dem-2898	34	11	.	.	PUNCT
dem-2898	35	1	in	in	ADP
dem-2898	35	2	empirical	empirical	ADJ
dem-2898	35	3	studies	study	NOUN
dem-2898	35	4	that	that	PRON
dem-2898	35	5	are	be	AUX
dem-2898	35	6	described	describe	VERB
dem-2898	35	7	later	later	ADV
dem-2898	35	8	,	,	PUNCT
dem-2898	35	9	the	the	DET
dem-2898	35	10	concept	concept	NOUN
dem-2898	35	11	of	of	ADP
dem-2898	35	12	market	market	NOUN
dem-2898	35	13	1	1	NUM
dem-2898	35	14	contagion	contagion	NOUN
dem-2898	35	15	of	of	ADP
dem-2898	35	16	financial	financial	ADJ
dem-2898	35	17	crises	crisis	NOUN
dem-2898	35	18	,	,	PUNCT
dem-2898	35	19	world	world	PROPN
dem-2898	35	20	bank	bank	PROPN
dem-2898	35	21	,	,	PUNCT
dem-2898	35	22	http://www.worldbank.org/economicpolicy/managing%20volatility/contagion/definitions.htm	http://www.worldbank.org/economicpolicy/managing%20volatility/contagion/definitions.htm	NUM
dem-2898	35	23	(	(	PUNCT
dem-2898	35	24	14	14	NUM
dem-2898	35	25	may	may	PROPN
dem-2898	35	26	2012	2012	NUM
dem-2898	35	27	)	)	PUNCT
dem-2898	35	28	.	.	PUNCT
dem-2898	36	1	this	this	DET
dem-2898	36	2	definition	definition	NOUN
dem-2898	36	3	is	be	AUX
dem-2898	36	4	cited	cite	VERB
dem-2898	36	5	based	base	VERB
dem-2898	36	6	on	on	ADP
dem-2898	36	7	forbes	forbes	PROPN
dem-2898	36	8	and	and	CCONJ
dem-2898	36	9	rigobon	rigobon	PROPN
dem-2898	36	10	’s	’s	PART
dem-2898	36	11	paper	paper	NOUN
dem-2898	36	12	(	(	PUNCT
dem-2898	36	13	2002	2002	NUM
dem-2898	36	14	)	)	PUNCT
dem-2898	36	15	.	.	PUNCT
dem-2898	37	1	2	2	NUM
dem-2898	37	2	capital	capital	NOUN
dem-2898	37	3	market	market	NOUN
dem-2898	37	4	crisis	crisis	NOUN
dem-2898	37	5	is	be	AUX
dem-2898	37	6	identified	identify	VERB
dem-2898	37	7	with	with	ADP
dem-2898	37	8	sharp	sharp	ADJ
dem-2898	37	9	decline	decline	NOUN
dem-2898	37	10	in	in	ADP
dem-2898	37	11	stock	stock	NOUN
dem-2898	37	12	prices	price	NOUN
dem-2898	37	13	,	,	PUNCT
dem-2898	37	14	maintaining	maintain	VERB
dem-2898	37	15	for	for	ADP
dem-2898	37	16	an	an	DET
dem-2898	37	17	extended	extended	ADJ
dem-2898	37	18	period	period	NOUN
dem-2898	37	19	of	of	ADP
dem-2898	37	20	time	time	NOUN
dem-2898	37	21	.	.	PUNCT
dem-2898	38	1	role	role	NOUN
dem-2898	38	2	of	of	ADP
dem-2898	38	3	stock	stock	NOUN
dem-2898	38	4	market	market	NOUN
dem-2898	38	5	indexes	index	NOUN
dem-2898	38	6	is	be	AUX
dem-2898	38	7	broadly	broadly	ADV
dem-2898	38	8	described	describe	VERB
dem-2898	38	9	by	by	ADP
dem-2898	38	10	jajuga	jajuga	PROPN
dem-2898	38	11	(	(	PUNCT
dem-2898	38	12	2006	2006	NUM
dem-2898	38	13	)	)	PUNCT
dem-2898	38	14	.	.	PUNCT
dem-2898	39	1	determination	determination	NOUN
dem-2898	39	2	of	of	ADP
dem-2898	39	3	the	the	DET
dem-2898	39	4	time	time	NOUN
dem-2898	39	5	of	of	ADP
dem-2898	39	6	contagion	contagion	NOUN
dem-2898	39	7	in	in	ADP
dem-2898	39	8	capital	capital	NOUN
dem-2898	39	9	markets	market	NOUN
dem-2898	39	10	...	...	PUNCT
dem-2898	39	11	dynamic	dynamic	ADJ
dem-2898	39	12	econometric	econometric	ADJ
dem-2898	39	13	models	model	NOUN
dem-2898	39	14	13	13	NUM
dem-2898	39	15	(	(	PUNCT
dem-2898	39	16	2013	2013	NUM
dem-2898	39	17	)	)	PUNCT
dem-2898	39	18	69–85	69–85	NUM
dem-2898	39	19	71	71	NUM
dem-2898	39	20	contagion	contagion	NOUN
dem-2898	39	21	means	mean	VERB
dem-2898	39	22	a	a	DET
dem-2898	39	23	contagion	contagion	NOUN
dem-2898	39	24	spreading	spread	VERB
dem-2898	39	25	from	from	ADP
dem-2898	39	26	an	an	DET
dem-2898	39	27	index	index	NOUN
dem-2898	39	28	representing	represent	VERB
dem-2898	39	29	the	the	DET
dem-2898	39	30	u.s	u.s	PROPN
dem-2898	39	31	.	.	PROPN
dem-2898	39	32	market	market	NOUN
dem-2898	39	33	to	to	ADP
dem-2898	39	34	an	an	DET
dem-2898	39	35	index	index	NOUN
dem-2898	39	36	representing	represent	VERB
dem-2898	39	37	the	the	DET
dem-2898	39	38	studied	studied	ADJ
dem-2898	39	39	market3	market3	PROPN
dem-2898	39	40	.	.	PUNCT
dem-2898	40	1	section	section	NOUN
dem-2898	40	2	1	1	NUM
dem-2898	40	3	presents	present	VERB
dem-2898	40	4	the	the	DET
dem-2898	40	5	dcc	dcc	PROPN
dem-2898	40	6	-	-	PUNCT
dem-2898	40	7	garch	garch	NOUN
dem-2898	40	8	model	model	NOUN
dem-2898	40	9	and	and	CCONJ
dem-2898	40	10	section	section	NOUN
dem-2898	40	11	2	2	NUM
dem-2898	40	12	describes	describe	VERB
dem-2898	40	13	the	the	DET
dem-2898	40	14	markov	markov	NOUN
dem-2898	40	15	-	-	PUNCT
dem-2898	40	16	switching	switch	VERB
dem-2898	40	17	model	model	NOUN
dem-2898	40	18	which	which	PRON
dem-2898	40	19	has	have	AUX
dem-2898	40	20	been	be	AUX
dem-2898	40	21	used	use	VERB
dem-2898	40	22	in	in	ADP
dem-2898	40	23	the	the	DET
dem-2898	40	24	research	research	NOUN
dem-2898	40	25	.	.	PUNCT
dem-2898	41	1	section	section	NOUN
dem-2898	41	2	3	3	NUM
dem-2898	41	3	contains	contain	VERB
dem-2898	41	4	information	information	NOUN
dem-2898	41	5	on	on	ADP
dem-2898	41	6	the	the	DET
dem-2898	41	7	tested	test	VERB
dem-2898	41	8	stock	stock	NOUN
dem-2898	41	9	exchange	exchange	NOUN
dem-2898	41	10	indices	index	NOUN
dem-2898	41	11	as	as	ADV
dem-2898	41	12	well	well	ADV
dem-2898	41	13	as	as	ADP
dem-2898	41	14	the	the	DET
dem-2898	41	15	criteria	criterion	NOUN
dem-2898	41	16	for	for	ADP
dem-2898	41	17	an	an	DET
dem-2898	41	18	arbitrary	arbitrary	ADJ
dem-2898	41	19	division	division	NOUN
dem-2898	41	20	of	of	ADP
dem-2898	41	21	the	the	DET
dem-2898	41	22	set	set	NOUN
dem-2898	41	23	of	of	ADP
dem-2898	41	24	observations	observation	NOUN
dem-2898	41	25	into	into	ADP
dem-2898	41	26	those	those	PRON
dem-2898	41	27	relating	relate	VERB
dem-2898	41	28	to	to	ADP
dem-2898	41	29	the	the	DET
dem-2898	41	30	time	time	NOUN
dem-2898	41	31	of	of	ADP
dem-2898	41	32	crisis	crisis	NOUN
dem-2898	41	33	and	and	CCONJ
dem-2898	41	34	those	those	PRON
dem-2898	41	35	relating	relate	VERB
dem-2898	41	36	to	to	ADP
dem-2898	41	37	the	the	DET
dem-2898	41	38	period	period	NOUN
dem-2898	41	39	of	of	ADP
dem-2898	41	40	tranquillity	tranquillity	NOUN
dem-2898	41	41	in	in	ADP
dem-2898	41	42	securities	security	NOUN
dem-2898	41	43	markets	market	NOUN
dem-2898	41	44	.	.	PUNCT
dem-2898	42	1	the	the	DET
dem-2898	42	2	obtained	obtain	VERB
dem-2898	42	3	research	research	NOUN
dem-2898	42	4	results	result	NOUN
dem-2898	42	5	are	be	AUX
dem-2898	42	6	presented	present	VERB
dem-2898	42	7	in	in	ADP
dem-2898	42	8	section	section	NOUN
dem-2898	42	9	4	4	NUM
dem-2898	42	10	.	.	NOUN
dem-2898	42	11	1	1	NUM
dem-2898	42	12	.	.	X
dem-2898	43	1	a	a	DET
dem-2898	43	2	dynamic	dynamic	ADJ
dem-2898	43	3	conditional	conditional	ADJ
dem-2898	43	4	correlation	correlation	NOUN
dem-2898	43	5	model	model	NOUN
dem-2898	43	6	let	let	VERB
dem-2898	43	7	us	we	PRON
dem-2898	43	8	assume	assume	VERB
dem-2898	43	9	that	that	SCONJ
dem-2898	43	10	an	an	DET
dem-2898	43	11	n	n	ADV
dem-2898	43	12	-	-	PUNCT
dem-2898	43	13	dimensional	dimensional	ADJ
dem-2898	43	14	vector	vector	NOUN
dem-2898	43	15	of	of	ADP
dem-2898	43	16	rates	rate	NOUN
dem-2898	43	17	of	of	ADP
dem-2898	43	18	return	return	NOUN
dem-2898	43	19	ts	ts	ADP
dem-2898	43	20	(	(	PUNCT
dem-2898	43	21	t	t	NOUN
dem-2898	43	22	=	=	SYM
dem-2898	43	23	1,	1,	NUM
dem-2898	43	24	…	…	SYM
dem-2898	43	25	,t	,t	X
dem-2898	43	26	)	)	PUNCT
dem-2898	43	27	can	can	AUX
dem-2898	43	28	be	be	AUX
dem-2898	43	29	decomposed	decompose	VERB
dem-2898	43	30	into	into	ADP
dem-2898	43	31	the	the	DET
dem-2898	43	32	following	follow	VERB
dem-2898	43	33	form	form	NOUN
dem-2898	43	34	:	:	PUNCT
dem-2898	43	35	,	,	PUNCT
dem-2898	43	36	ttt	ttt	PROPN
dem-2898	43	37	εμs	εμs	PROPN
dem-2898	43	38	+	+	PROPN
dem-2898	43	39	=	=	X
dem-2898	43	40	(	(	PUNCT
dem-2898	43	41	1	1	NUM
dem-2898	43	42	)	)	PUNCT
dem-2898	43	43	,	,	PUNCT
dem-2898	43	44	2/1	2/1	NUM
dem-2898	43	45	tt	tt	PROPN
dem-2898	43	46	ξhε	ξhε	PROPN
dem-2898	43	47	=	=	SYM
dem-2898	43	48	(	(	PUNCT
dem-2898	43	49	2	2	NUM
dem-2898	43	50	)	)	PUNCT
dem-2898	43	51	where	where	SCONJ
dem-2898	43	52	tμ	tμ	ADV
dem-2898	43	53	is	be	AUX
dem-2898	43	54	the	the	DET
dem-2898	43	55	vector	vector	NOUN
dem-2898	43	56	of	of	ADP
dem-2898	43	57	conditional	conditional	ADJ
dem-2898	43	58	expected	expect	VERB
dem-2898	43	59	values	value	NOUN
dem-2898	43	60	of	of	ADP
dem-2898	43	61	vector	vector	PROPN
dem-2898	43	62	st	st	PROPN
dem-2898	43	63	based	base	VERB
dem-2898	43	64	on	on	ADP
dem-2898	43	65	model	model	NOUN
dem-2898	43	66	var(p	var(p	PROPN
dem-2898	43	67	)	)	PUNCT
dem-2898	43	68	.	.	PUNCT
dem-2898	44	1	in	in	ADP
dem-2898	44	2	empirical	empirical	ADJ
dem-2898	44	3	research	research	NOUN
dem-2898	44	4	it	it	PRON
dem-2898	44	5	is	be	AUX
dem-2898	44	6	usually	usually	ADV
dem-2898	44	7	assumed	assume	VERB
dem-2898	44	8	that	that	SCONJ
dem-2898	44	9	p	p	PROPN
dem-2898	44	10	=	=	NOUN
dem-2898	44	11	14	14	NUM
dem-2898	44	12	.	.	PUNCT
dem-2898	45	1	the	the	DET
dem-2898	45	2	student	student	NOUN
dem-2898	45	3	’s	’s	PART
dem-2898	45	4	t	t	PROPN
dem-2898	45	5	-	-	PUNCT
dem-2898	45	6	distribution	distribution	NOUN
dem-2898	45	7	was	be	AUX
dem-2898	45	8	used	use	VERB
dem-2898	45	9	because	because	SCONJ
dem-2898	45	10	of	of	ADP
dem-2898	45	11	an	an	DET
dem-2898	45	12	increased	increase	VERB
dem-2898	45	13	kurtosis	kurtosis	NOUN
dem-2898	45	14	for	for	ADP
dem-2898	45	15	process	process	NOUN
dem-2898	45	16	tξ	tξ	ADV
dem-2898	45	17	.	.	PUNCT
dem-2898	46	1	the	the	DET
dem-2898	46	2	dynamic	dynamic	ADJ
dem-2898	46	3	conditional	conditional	ADJ
dem-2898	46	4	correlation	correlation	NOUN
dem-2898	46	5	(	(	PUNCT
dem-2898	46	6	dcc	dcc	PROPN
dem-2898	46	7	)	)	PUNCT
dem-2898	46	8	model	model	NOUN
dem-2898	46	9	can	can	AUX
dem-2898	46	10	be	be	AUX
dem-2898	46	11	formulated	formulate	VERB
dem-2898	46	12	as	as	ADP
dem-2898	46	13	(	(	PUNCT
dem-2898	46	14	engle	engle	NOUN
dem-2898	46	15	,	,	PUNCT
dem-2898	46	16	2002	2002	NUM
dem-2898	46	17	):	):	PUNCT
dem-2898	46	18	,	,	PUNCT
dem-2898	46	19	tttt	tttt	INTJ
dem-2898	46	20	drdh	drdh	NOUN
dem-2898	46	21	=	=	SYM
dem-2898	46	22	(	(	PUNCT
dem-2898	46	23	3	3	NUM
dem-2898	46	24	)	)	PUNCT
dem-2898	46	25	11	11	NUM
dem-2898	46	26	,	,	PUNCT
dem-2898	46	27	,	,	PUNCT
dem-2898	46	28	(	(	PUNCT
dem-2898	46	29	,	,	PUNCT
dem-2898	46	30	...	...	PUNCT
dem-2898	46	31	,	,	PUNCT
dem-2898	46	32	)	)	PUNCT
dem-2898	46	33	,	,	PUNCT
dem-2898	47	1	t	t	PROPN
dem-2898	47	2	t	t	PROPN
dem-2898	47	3	nn	nn	PROPN
dem-2898	47	4	tdiag	tdiag	PROPN
dem-2898	47	5	h	h	PROPN
dem-2898	47	6	h	h	NOUN
dem-2898	48	1	=	=	X
dem-2898	48	2	d	d	X
dem-2898	48	3	(	(	PUNCT
dem-2898	48	4	4	4	NUM
dem-2898	48	5	)	)	SYM
dem-2898	48	6	3	3	NUM
dem-2898	48	7	causality	causality	NOUN
dem-2898	48	8	tests	test	NOUN
dem-2898	48	9	are	be	AUX
dem-2898	48	10	sometimes	sometimes	ADV
dem-2898	48	11	used	use	VERB
dem-2898	48	12	for	for	ADP
dem-2898	48	13	establishing	establish	VERB
dem-2898	48	14	the	the	DET
dem-2898	48	15	direction	direction	NOUN
dem-2898	48	16	of	of	ADP
dem-2898	48	17	contagion	contagion	NOUN
dem-2898	48	18	(	(	PUNCT
dem-2898	48	19	cheung	cheung	PROPN
dem-2898	48	20	,	,	PUNCT
dem-2898	48	21	ng	ng	PROPN
dem-2898	48	22	,	,	PUNCT
dem-2898	48	23	1996	1996	NUM
dem-2898	48	24	;	;	PUNCT
dem-2898	48	25	coporale	coporale	NOUN
dem-2898	48	26	,	,	PUNCT
dem-2898	48	27	pittis	pittis	PROPN
dem-2898	48	28	and	and	CCONJ
dem-2898	48	29	spagnolo	spagnolo	NOUN
dem-2898	48	30	,	,	PUNCT
dem-2898	48	31	2002	2002	NUM
dem-2898	48	32	)	)	PUNCT
dem-2898	48	33	.	.	PUNCT
dem-2898	49	1	their	their	PRON
dem-2898	49	2	usefulness	usefulness	NOUN
dem-2898	49	3	,	,	PUNCT
dem-2898	49	4	however	however	ADV
dem-2898	49	5	,	,	PUNCT
dem-2898	49	6	is	be	AUX
dem-2898	49	7	limited	limited	ADJ
dem-2898	49	8	.	.	PUNCT
dem-2898	50	1	this	this	PRON
dem-2898	50	2	is	be	AUX
dem-2898	50	3	because	because	SCONJ
dem-2898	50	4	these	these	DET
dem-2898	50	5	tests	test	NOUN
dem-2898	50	6	are	be	AUX
dem-2898	50	7	based	base	VERB
dem-2898	50	8	on	on	ADP
dem-2898	50	9	granger	granger	PROPN
dem-2898	50	10	’s	’s	PART
dem-2898	50	11	concept	concept	NOUN
dem-2898	50	12	related	relate	VERB
dem-2898	50	13	to	to	ADP
dem-2898	50	14	analysing	analyse	VERB
dem-2898	50	15	correlations	correlation	NOUN
dem-2898	50	16	between	between	ADP
dem-2898	50	17	studied	study	VERB
dem-2898	50	18	processes	process	NOUN
dem-2898	50	19	and	and	CCONJ
dem-2898	50	20	the	the	DET
dem-2898	50	21	consequences	consequence	NOUN
dem-2898	50	22	of	of	ADP
dem-2898	50	23	events	event	NOUN
dem-2898	50	24	.	.	PUNCT
dem-2898	51	1	it	it	PRON
dem-2898	51	2	is	be	AUX
dem-2898	51	3	often	often	ADV
dem-2898	51	4	a	a	DET
dem-2898	51	5	researcher	researcher	NOUN
dem-2898	51	6	who	who	PRON
dem-2898	51	7	decides	decide	VERB
dem-2898	51	8	whether	whether	SCONJ
dem-2898	51	9	to	to	PART
dem-2898	51	10	test	test	VERB
dem-2898	51	11	a	a	DET
dem-2898	51	12	particular	particular	ADJ
dem-2898	51	13	causal	causal	NOUN
dem-2898	51	14	relationship	relationship	NOUN
dem-2898	51	15	exists	exist	VERB
dem-2898	51	16	based	base	VERB
dem-2898	51	17	on	on	ADP
dem-2898	51	18	his	his	PRON
dem-2898	51	19	or	or	CCONJ
dem-2898	51	20	her	her	PRON
dem-2898	51	21	knowledge	knowledge	NOUN
dem-2898	51	22	and	and	CCONJ
dem-2898	51	23	experience	experience	NOUN
dem-2898	51	24	(	(	PUNCT
dem-2898	51	25	osińska	osińska	NOUN
dem-2898	51	26	,	,	PUNCT
dem-2898	51	27	2006	2006	NUM
dem-2898	51	28	;	;	PUNCT
dem-2898	51	29	fiszeder	fiszeder	NOUN
dem-2898	51	30	,	,	PUNCT
dem-2898	51	31	2009	2009	NUM
dem-2898	51	32	)	)	PUNCT
dem-2898	51	33	.	.	PUNCT
dem-2898	52	1	4	4	NUM
dem-2898	52	2	a	a	DET
dem-2898	52	3	vector	vector	NOUN
dem-2898	52	4	autoregression	autoregression	NOUN
dem-2898	52	5	model	model	NOUN
dem-2898	52	6	also	also	ADV
dem-2898	52	7	controls	control	VERB
dem-2898	52	8	for	for	ADP
dem-2898	52	9	the	the	DET
dem-2898	52	10	mutual	mutual	ADJ
dem-2898	52	11	interdependence	interdependence	NOUN
dem-2898	52	12	between	between	ADP
dem-2898	52	13	markets	market	NOUN
dem-2898	52	14	through	through	ADP
dem-2898	52	15	connections	connection	NOUN
dem-2898	52	16	between	between	ADP
dem-2898	52	17	the	the	DET
dem-2898	52	18	delayed	delay	VERB
dem-2898	52	19	values	value	NOUN
dem-2898	52	20	of	of	ADP
dem-2898	52	21	endogenous	endogenous	ADJ
dem-2898	52	22	variables	variable	NOUN
dem-2898	52	23	.	.	PUNCT
dem-2898	53	1	empirical	empirical	ADJ
dem-2898	53	2	studies	study	NOUN
dem-2898	53	3	described	describe	VERB
dem-2898	53	4	in	in	ADP
dem-2898	53	5	literature	literature	NOUN
dem-2898	53	6	have	have	AUX
dem-2898	53	7	found	find	VERB
dem-2898	53	8	that	that	SCONJ
dem-2898	53	9	linear	linear	ADJ
dem-2898	53	10	relationship	relationship	NOUN
dem-2898	53	11	between	between	ADP
dem-2898	53	12	stock	stock	NOUN
dem-2898	53	13	returns	return	NOUN
dem-2898	53	14	are	be	AUX
dem-2898	53	15	low	low	ADV
dem-2898	53	16	significant	significant	ADJ
dem-2898	53	17	.	.	PUNCT
dem-2898	54	1	some	some	DET
dem-2898	54	2	researchers	researcher	NOUN
dem-2898	54	3	suggest	suggest	VERB
dem-2898	54	4	that	that	SCONJ
dem-2898	54	5	it	it	PRON
dem-2898	54	6	is	be	AUX
dem-2898	54	7	better	well	ADJ
dem-2898	54	8	to	to	PART
dem-2898	54	9	resign	resign	VERB
dem-2898	54	10	from	from	ADP
dem-2898	54	11	expected	expect	VERB
dem-2898	54	12	value	value	NOUN
dem-2898	54	13	model	model	NOUN
dem-2898	54	14	than	than	SCONJ
dem-2898	54	15	include	include	VERB
dem-2898	54	16	incorrectly	incorrectly	ADV
dem-2898	54	17	specified	specify	VERB
dem-2898	54	18	model	model	NOUN
dem-2898	54	19	,	,	PUNCT
dem-2898	54	20	especially	especially	ADV
dem-2898	54	21	in	in	ADP
dem-2898	54	22	the	the	DET
dem-2898	54	23	case	case	NOUN
dem-2898	54	24	of	of	ADP
dem-2898	54	25	total	total	ADJ
dem-2898	54	26	model	model	NOUN
dem-2898	54	27	for	for	ADP
dem-2898	54	28	expected	expect	VERB
dem-2898	54	29	values	value	NOUN
dem-2898	54	30	and	and	CCONJ
dem-2898	54	31	variances	variance	NOUN
dem-2898	54	32	(	(	PUNCT
dem-2898	54	33	doman	doman	PROPN
dem-2898	54	34	,	,	PUNCT
dem-2898	54	35	doman	doman	NOUN
dem-2898	54	36	,	,	PUNCT
dem-2898	54	37	2009	2009	NUM
dem-2898	54	38	)	)	PUNCT
dem-2898	54	39	.	.	PUNCT
dem-2898	55	1	milda	milda	PROPN
dem-2898	55	2	maria	maria	PROPN
dem-2898	55	3	burzała	burzała	PROPN
dem-2898	55	4	dynamic	dynamic	ADJ
dem-2898	55	5	econometric	econometric	ADJ
dem-2898	55	6	models	model	NOUN
dem-2898	55	7	13	13	NUM
dem-2898	55	8	(	(	PUNCT
dem-2898	55	9	2013	2013	NUM
dem-2898	55	10	)	)	PUNCT
dem-2898	55	11	69–85	69–85	NUM
dem-2898	55	12	72	72	NUM
dem-2898	55	13	2	2	NUM
dem-2898	55	14	2	2	NUM
dem-2898	55	15	,	,	PUNCT
dem-2898	55	16	,	,	PUNCT
dem-2898	55	17	,	,	PUNCT
dem-2898	55	18	,	,	PUNCT
dem-2898	55	19	,	,	PUNCT
dem-2898	55	20	1	1	NUM
dem-2898	55	21	1	1	NUM
dem-2898	55	22	(	(	PUNCT
dem-2898	55	23	(	(	PUNCT
dem-2898	55	24	0	0	NUM
dem-2898	55	25	)	)	PUNCT
dem-2898	55	26	)	)	PUNCT
dem-2898	55	27	,	,	PUNCT
dem-2898	55	28	1	1	NUM
dem-2898	55	29	,	,	PUNCT
dem-2898	55	30	...	...	PUNCT
dem-2898	55	31	,	,	PUNCT
dem-2898	55	32	q	q	X
dem-2898	56	1	p	p	X
dem-2898	56	2	i	i	PRON
dem-2898	57	1	t	t	X
dem-2898	58	1	i	i	PRON
dem-2898	59	1	ij	ij	INTJ
dem-2898	60	1	i	i	PRON
dem-2898	60	2	t	t	PROPN
dem-2898	60	3	j	j	PROPN
dem-2898	61	1	ij	ij	INTJ
dem-2898	62	1	i	i	PRON
dem-2898	62	2	t	t	PROPN
dem-2898	63	1	j	j	PROPN
dem-2898	64	1	i	i	PRON
dem-2898	64	2	t	t	VERB
dem-2898	65	1	j	j	PROPN
dem-2898	66	1	ij	ij	INTJ
dem-2898	66	2	i	i	PRON
dem-2898	66	3	t	t	PROPN
dem-2898	66	4	j	j	PROPN
dem-2898	67	1	j	j	PROPN
dem-2898	67	2	j	j	PROPN
dem-2898	67	3	h	h	NOUN
dem-2898	67	4	c	c	NOUN
dem-2898	68	1	i	i	PRON
dem-2898	68	2	h	h	VERB
dem-2898	69	1	i	i	PRON
dem-2898	69	2	n	n	VERB
dem-2898	69	3	α	α	NOUN
dem-2898	69	4	ε	ε	PROPN
dem-2898	69	5	γ	γ	X
dem-2898	69	6	ε	ε	PROPN
dem-2898	69	7	ε	ε	PROPN
dem-2898	69	8	β−	β−	PROPN
dem-2898	69	9	−	−	PROPN
dem-2898	70	1	−	−	NOUN
dem-2898	70	2	−	−	PROPN
dem-2898	71	1	=	=	PUNCT
dem-2898	71	2	=	=	PUNCT
dem-2898	71	3	=	=	PUNCT
dem-2898	72	1	+	+	PUNCT
dem-2898	73	1	+	+	CCONJ
dem-2898	73	2	<	<	X
dem-2898	73	3	+	+	X
dem-2898	73	4	=	=	SYM
dem-2898	73	5	∑	∑	PUNCT
dem-2898	73	6	∑	∑	PUNCT
dem-2898	73	7	(	(	PUNCT
dem-2898	73	8	5	5	NUM
dem-2898	73	9	)	)	PUNCT
dem-2898	73	10	1/2	1/2	NUM
dem-2898	73	11	1/2	1/2	NUM
dem-2898	73	12	(	(	PUNCT
dem-2898	73	13	(	(	PUNCT
dem-2898	73	14	)	)	PUNCT
dem-2898	73	15	)	)	PUNCT
dem-2898	73	16	(	(	PUNCT
dem-2898	73	17	(	(	PUNCT
dem-2898	73	18	)	)	PUNCT
dem-2898	73	19	)	)	PUNCT
dem-2898	73	20	,	,	PUNCT
dem-2898	73	21	t	t	PROPN
dem-2898	73	22	t	t	PROPN
dem-2898	73	23	tdiag	tdiag	NOUN
dem-2898	73	24	diag−	diag−	PROPN
dem-2898	73	25	−=	−=	VERB
dem-2898	73	26	tr	tr	VERB
dem-2898	73	27	q	q	NOUN
dem-2898	73	28	q	q	X
dem-2898	73	29	q	q	X
dem-2898	73	30	(	(	PUNCT
dem-2898	73	31	6	6	NUM
dem-2898	73	32	)	)	PUNCT
dem-2898	73	33	'	'	PART
dem-2898	73	34	1	1	NUM
dem-2898	73	35	1	1	NUM
dem-2898	73	36	1	1	NUM
dem-2898	73	37	1	1	NUM
dem-2898	73	38	1	1	NUM
dem-2898	73	39	,	,	PUNCT
dem-2898	73	40	k	k	PROPN
dem-2898	73	41	l	l	PUNCT
dem-2898	73	42	k	k	X
dem-2898	73	43	l	l	PROPN
dem-2898	73	44	t	t	PROPN
dem-2898	74	1	k	k	X
dem-2898	74	2	l	l	PROPN
dem-2898	75	1	t	t	PROPN
dem-2898	76	1	k	k	PROPN
dem-2898	76	2	t	t	PROPN
dem-2898	76	3	k	k	PROPN
dem-2898	76	4	t	t	PROPN
dem-2898	76	5	k	k	PROPN
dem-2898	76	6	l	l	PROPN
dem-2898	76	7	t	t	NOUN
dem-2898	76	8	l	l	NOUN
dem-2898	77	1	k	k	X
dem-2898	77	2	l	l	PUNCT
dem-2898	77	3	k	k	X
dem-2898	77	4	l	l	PUNCT
dem-2898	77	5	α	α	X
dem-2898	77	6	β	β	X
dem-2898	77	7	α	α	X
dem-2898	77	8	β−	β−	PUNCT
dem-2898	78	1	−	−	NOUN
dem-2898	79	1	−	−	NOUN
dem-2898	80	1	=	=	PUNCT
dem-2898	80	2	=	=	PUNCT
dem-2898	80	3	=	=	PUNCT
dem-2898	80	4	=	=	PUNCT
dem-2898	80	5	⎛	⎛	NOUN
dem-2898	80	6	⎞	⎞	NOUN
dem-2898	80	7	=	=	PUNCT
dem-2898	81	1	−	−	NOUN
dem-2898	81	2	−	−	PROPN
dem-2898	82	1	+	+	CCONJ
dem-2898	82	2	+	+	ADJ
dem-2898	82	3	⎜	⎜	X
dem-2898	82	4	⎟	⎟	X
dem-2898	82	5	⎝	⎝	PUNCT
dem-2898	82	6	⎠	⎠	PROPN
dem-2898	82	7	∑	∑	PROPN
dem-2898	82	8	∑	∑	PUNCT
dem-2898	82	9	∑	∑	INTJ
dem-2898	82	10	∑q	∑q	VERB
dem-2898	82	11	q	q	X
dem-2898	82	12	ξ	ξ	X
dem-2898	82	13	ξ	ξ	X
dem-2898	82	14	q	q	X
dem-2898	82	15	(	(	PUNCT
dem-2898	82	16	7	7	NUM
dem-2898	82	17	)	)	PUNCT
dem-2898	82	18	matrix	matrix	NOUN
dem-2898	82	19	rt	rt	NOUN
dem-2898	82	20	is	be	AUX
dem-2898	82	21	a	a	DET
dem-2898	82	22	positively	positively	ADV
dem-2898	82	23	defined	define	VERB
dem-2898	82	24	symmetric	symmetric	ADJ
dem-2898	82	25	matrix	matrix	NOUN
dem-2898	82	26	with	with	ADP
dem-2898	82	27	ones	one	NOUN
dem-2898	82	28	along	along	ADP
dem-2898	82	29	the	the	DET
dem-2898	82	30	main	main	ADJ
dem-2898	82	31	diagonal	diagonal	NOUN
dem-2898	82	32	;	;	PUNCT
dem-2898	82	33	vector	vector	NOUN
dem-2898	82	34	1	1	NUM
dem-2898	82	35	t	t	NOUN
dem-2898	82	36	t	t	NOUN
dem-2898	82	37	t	t	NOUN
dem-2898	82	38	−=ξ	−=ξ	X
dem-2898	82	39	d	d	X
dem-2898	82	40	ε	ε	PROPN
dem-2898	82	41	in	in	ADP
dem-2898	82	42	this	this	DET
dem-2898	82	43	case	case	NOUN
dem-2898	82	44	denotes	denote	VERB
dem-2898	82	45	the	the	DET
dem-2898	82	46	vector	vector	NOUN
dem-2898	82	47	of	of	ADP
dem-2898	82	48	standardised	standardised	ADJ
dem-2898	82	49	residuals	residual	NOUN
dem-2898	82	50	from	from	ADP
dem-2898	82	51	model	model	NOUN
dem-2898	82	52	var(1	var(1	PROPN
dem-2898	82	53	)	)	PUNCT
dem-2898	82	54	.	.	PUNCT
dem-2898	83	1	matrix	matrix	NOUN
dem-2898	83	2	dt	dt	PRON
dem-2898	83	3	was	be	AUX
dem-2898	83	4	estimated	estimate	VERB
dem-2898	83	5	based	base	VERB
dem-2898	83	6	on	on	ADP
dem-2898	83	7	the	the	DET
dem-2898	83	8	onedimensional	onedimensional	ADJ
dem-2898	83	9	gjr	gjr	NOUN
dem-2898	83	10	-	-	PUNCT
dem-2898	83	11	garch(1,1	garch(1,1	NOUN
dem-2898	83	12	)	)	PUNCT
dem-2898	83	13	model	model	NOUN
dem-2898	83	14	(	(	PUNCT
dem-2898	83	15	glosen	glosen	NOUN
dem-2898	83	16	,	,	PUNCT
dem-2898	83	17	jagannathan	jagannathan	NOUN
dem-2898	83	18	,	,	PUNCT
dem-2898	83	19	runkle	runkle	ADJ
dem-2898	83	20	,	,	PUNCT
dem-2898	83	21	1993	1993	NUM
dem-2898	83	22	)	)	PUNCT
dem-2898	83	23	.	.	PUNCT
dem-2898	84	1	in	in	ADP
dem-2898	84	2	equation	equation	NOUN
dem-2898	84	3	(	(	PUNCT
dem-2898	84	4	5	5	NUM
dem-2898	84	5	)	)	PUNCT
dem-2898	84	6	)	)	PUNCT
dem-2898	84	7	(	(	PUNCT
dem-2898	84	8	⋅i	⋅i	PROPN
dem-2898	84	9	is	be	AUX
dem-2898	84	10	an	an	DET
dem-2898	84	11	indicator	indicator	NOUN
dem-2898	84	12	function	function	NOUN
dem-2898	84	13	and	and	CCONJ
dem-2898	84	14	it	it	PRON
dem-2898	84	15	assumes	assume	VERB
dem-2898	84	16	the	the	DET
dem-2898	84	17	value	value	NOUN
dem-2898	84	18	of	of	ADP
dem-2898	84	19	1	1	NUM
dem-2898	84	20	for	for	ADP
dem-2898	84	21	0	0	NUM
dem-2898	84	22	,	,	PUNCT
dem-2898	84	23	<	<	X
dem-2898	84	24	−	−	X
dem-2898	84	25	jtiε	jtiε	NOUN
dem-2898	84	26	and	and	CCONJ
dem-2898	84	27	the	the	DET
dem-2898	84	28	value	value	NOUN
dem-2898	84	29	of	of	ADP
dem-2898	84	30	0	0	NUM
dem-2898	84	31	for	for	ADP
dem-2898	84	32	0	0	NUM
dem-2898	84	33	,	,	PUNCT
dem-2898	84	34	≥−	≥−	PROPN
dem-2898	84	35	jtiε	jtiε	PROPN
dem-2898	84	36	(	(	PUNCT
dem-2898	84	37	ni	ni	PROPN
dem-2898	84	38	,	,	PUNCT
dem-2898	84	39	...	...	PUNCT
dem-2898	84	40	,	,	PUNCT
dem-2898	84	41	1=	1=	NUM
dem-2898	84	42	)	)	PUNCT
dem-2898	84	43	.	.	PUNCT
dem-2898	85	1	positive	positive	ADJ
dem-2898	85	2	values	value	NOUN
dem-2898	85	3	of	of	ADP
dem-2898	85	4	parameter	parameter	PROPN
dem-2898	85	5	ijγ	ijγ	PROPN
dem-2898	85	6	which	which	PRON
dem-2898	85	7	are	be	AUX
dem-2898	85	8	significantly	significantly	ADV
dem-2898	85	9	different	different	ADJ
dem-2898	85	10	from	from	ADP
dem-2898	85	11	zero	zero	NUM
dem-2898	85	12	prove	prove	VERB
dem-2898	85	13	that	that	SCONJ
dem-2898	85	14	the	the	DET
dem-2898	85	15	leverage	leverage	NOUN
dem-2898	85	16	effect	effect	NOUN
dem-2898	85	17	occurs5	occurs5	PROPN
dem-2898	85	18	.	.	PUNCT
dem-2898	86	1	covariance	covariance	NOUN
dem-2898	86	2	stationarity	stationarity	NOUN
dem-2898	86	3	and	and	CCONJ
dem-2898	86	4	thus	thus	ADV
dem-2898	86	5	a	a	DET
dem-2898	86	6	finite	finite	ADJ
dem-2898	86	7	variance	variance	NOUN
dem-2898	86	8	in	in	ADP
dem-2898	86	9	equation	equation	NOUN
dem-2898	86	10	(	(	PUNCT
dem-2898	86	11	5	5	NUM
dem-2898	86	12	)	)	PUNCT
dem-2898	86	13	is	be	AUX
dem-2898	86	14	ensured	ensure	VERB
dem-2898	86	15	by	by	ADP
dem-2898	86	16	satisfying	satisfy	VERB
dem-2898	86	17	these	these	DET
dem-2898	86	18	conditions	condition	NOUN
dem-2898	86	19	:	:	PUNCT
dem-2898	86	20	1	1	NUM
dem-2898	86	21	1	1	NUM
dem-2898	86	22	0	0	NUM
dem-2898	86	23	,	,	PUNCT
dem-2898	86	24	,	,	PUNCT
dem-2898	86	25	0	0	NUM
dem-2898	86	26	and	and	CCONJ
dem-2898	86	27	(	(	PUNCT
dem-2898	86	28	/	/	SYM
dem-2898	86	29	2	2	NUM
dem-2898	86	30	)	)	PUNCT
dem-2898	86	31	1	1	NUM
dem-2898	86	32	.	.	PUNCT
dem-2898	87	1	q	q	NOUN
dem-2898	88	1	p	p	X
dem-2898	89	1	i	i	PRON
dem-2898	89	2	ij	ij	INTJ
dem-2898	89	3	ij	ij	INTJ
dem-2898	89	4	ij	ij	INTJ
dem-2898	89	5	ij	ij	INTJ
dem-2898	89	6	ij	ij	INTJ
dem-2898	89	7	j	j	PROPN
dem-2898	89	8	j	j	PROPN
dem-2898	89	9	c	c	PROPN
dem-2898	89	10	α	α	PROPN
dem-2898	89	11	β	β	VERB
dem-2898	89	12	α	α	X
dem-2898	89	13	γ	γ	X
dem-2898	89	14	β	β	X
dem-2898	89	15	=	=	SYM
dem-2898	89	16	=	=	PUNCT
dem-2898	89	17	>	>	X
dem-2898	89	18	≥	≥	NOUN
dem-2898	90	1	+	+	PUNCT
dem-2898	90	2	+	+	CCONJ
dem-2898	90	3	<	<	X
dem-2898	90	4	∑	∑	PROPN
dem-2898	90	5	∑	∑	PROPN
dem-2898	90	6	(	(	PUNCT
dem-2898	90	7	8)	8)	NUM
dem-2898	90	8	in	in	ADP
dem-2898	90	9	equation	equation	NOUN
dem-2898	90	10	(	(	PUNCT
dem-2898	90	11	6	6	NUM
dem-2898	90	12	)	)	PUNCT
dem-2898	90	13	tq	tq	ADP
dem-2898	90	14	denotes	denote	VERB
dem-2898	90	15	a	a	DET
dem-2898	90	16	square	square	ADJ
dem-2898	90	17	matrix	matrix	NOUN
dem-2898	90	18	of	of	ADP
dem-2898	90	19	unconditional	unconditional	ADJ
dem-2898	90	20	covariances	covariance	NOUN
dem-2898	90	21	of	of	ADP
dem-2898	90	22	the	the	DET
dem-2898	90	23	vector	vector	NOUN
dem-2898	90	24	tξ	tξ	ADP
dem-2898	90	25	variables	variable	NOUN
dem-2898	90	26	.	.	PUNCT
dem-2898	91	1	in	in	ADP
dem-2898	91	2	addition	addition	NOUN
dem-2898	91	3	,	,	PUNCT
dem-2898	91	4	it	it	PRON
dem-2898	91	5	is	be	AUX
dem-2898	91	6	required	require	VERB
dem-2898	91	7	that	that	SCONJ
dem-2898	91	8	,	,	PUNCT
dem-2898	91	9	0,k	0,k	NUM
dem-2898	91	10	lα	lα	ADJ
dem-2898	91	11	β	β	X
dem-2898	91	12	≥	≥	NUM
dem-2898	91	13	1	1	NUM
dem-2898	91	14	1	1	NUM
dem-2898	91	15	1	1	NUM
dem-2898	91	16	k	k	NOUN
dem-2898	91	17	l	l	NOUN
dem-2898	92	1	k	k	X
dem-2898	92	2	l	l	PUNCT
dem-2898	93	1	k	k	X
dem-2898	93	2	l	l	X
dem-2898	93	3	α	α	X
dem-2898	93	4	β	β	X
dem-2898	93	5	=	=	PUNCT
dem-2898	94	1	=	=	PUNCT
dem-2898	95	1	+	+	NUM
dem-2898	95	2	<	<	X
dem-2898	95	3	∑	∑	PROPN
dem-2898	95	4	∑	∑	X
dem-2898	95	5	.	.	PUNCT
dem-2898	96	1	the	the	DET
dem-2898	96	2	model	model	NOUN
dem-2898	96	3	’s	’s	PART
dem-2898	96	4	parameters	parameter	NOUN
dem-2898	96	5	are	be	AUX
dem-2898	96	6	estimated	estimate	VERB
dem-2898	96	7	in	in	ADP
dem-2898	96	8	two	two	NUM
dem-2898	96	9	stages	stage	NOUN
dem-2898	96	10	.	.	PUNCT
dem-2898	97	1	the	the	DET
dem-2898	97	2	logarithmic	logarithmic	ADJ
dem-2898	97	3	likelihood	likelihood	NOUN
dem-2898	97	4	function	function	NOUN
dem-2898	97	5	is	be	AUX
dem-2898	97	6	the	the	DET
dem-2898	97	7	sum	sum	NOUN
dem-2898	97	8	of	of	ADP
dem-2898	97	9	likelihood	likelihood	NOUN
dem-2898	97	10	functions	function	NOUN
dem-2898	97	11	for	for	ADP
dem-2898	97	12	a	a	DET
dem-2898	97	13	volatility	volatility	NOUN
dem-2898	97	14	model	model	NOUN
dem-2898	97	15	and	and	CCONJ
dem-2898	97	16	likelihood	likelihood	NOUN
dem-2898	97	17	functions	function	NOUN
dem-2898	97	18	for	for	ADP
dem-2898	97	19	the	the	DET
dem-2898	97	20	parameters	parameter	NOUN
dem-2898	97	21	of	of	ADP
dem-2898	97	22	dynamic	dynamic	ADJ
dem-2898	97	23	correlations	correlation	NOUN
dem-2898	97	24	(	(	PUNCT
dem-2898	97	25	engle	engle	NOUN
dem-2898	97	26	,	,	PUNCT
dem-2898	97	27	2002	2002	NUM
dem-2898	97	28	)	)	PUNCT
dem-2898	97	29	.	.	PUNCT
dem-2898	98	1	5	5	NUM
dem-2898	99	1	the	the	DET
dem-2898	99	2	leverage	leverage	NOUN
dem-2898	99	3	effect	effect	NOUN
dem-2898	99	4	results	result	NOUN
dem-2898	99	5	from	from	ADP
dem-2898	99	6	an	an	DET
dem-2898	99	7	asymmetric	asymmetric	ADJ
dem-2898	99	8	response	response	NOUN
dem-2898	99	9	of	of	ADP
dem-2898	99	10	rates	rate	NOUN
dem-2898	99	11	of	of	ADP
dem-2898	99	12	return	return	NOUN
dem-2898	99	13	to	to	ADP
dem-2898	99	14	positive	positive	ADJ
dem-2898	99	15	and	and	CCONJ
dem-2898	99	16	negative	negative	ADJ
dem-2898	99	17	information	information	NOUN
dem-2898	99	18	reaching	reach	VERB
dem-2898	99	19	the	the	DET
dem-2898	99	20	financial	financial	ADJ
dem-2898	99	21	market	market	NOUN
dem-2898	99	22	.	.	PUNCT
dem-2898	100	1	it	it	PRON
dem-2898	100	2	is	be	AUX
dem-2898	100	3	a	a	DET
dem-2898	100	4	consequence	consequence	NOUN
dem-2898	100	5	of	of	ADP
dem-2898	100	6	a	a	DET
dem-2898	100	7	negative	negative	ADJ
dem-2898	100	8	correlation	correlation	NOUN
dem-2898	100	9	between	between	ADP
dem-2898	100	10	securities	security	NOUN
dem-2898	100	11	prices	price	NOUN
dem-2898	100	12	and	and	CCONJ
dem-2898	100	13	the	the	DET
dem-2898	100	14	volatility	volatility	NOUN
dem-2898	100	15	of	of	ADP
dem-2898	100	16	rates	rate	NOUN
dem-2898	100	17	of	of	ADP
dem-2898	100	18	return	return	NOUN
dem-2898	100	19	.	.	PUNCT
dem-2898	101	1	the	the	PRON
dem-2898	101	2	higher	high	ADJ
dem-2898	101	3	the	the	DET
dem-2898	101	4	value	value	NOUN
dem-2898	101	5	of	of	ADP
dem-2898	101	6	parametr	parametr	PROPN
dem-2898	101	7	ijγ	ijγ	PROPN
dem-2898	101	8	,	,	PUNCT
dem-2898	101	9	the	the	PRON
dem-2898	101	10	stronger	strong	ADJ
dem-2898	101	11	the	the	DET
dem-2898	101	12	leverage	leverage	NOUN
dem-2898	101	13	effect	effect	NOUN
dem-2898	101	14	(	(	PUNCT
dem-2898	101	15	the	the	DET
dem-2898	101	16	additional	additional	ADJ
dem-2898	101	17	impact	impact	NOUN
dem-2898	101	18	of	of	ADP
dem-2898	101	19	negative	negative	ADJ
dem-2898	101	20	information	information	NOUN
dem-2898	101	21	)	)	PUNCT
dem-2898	101	22	.	.	PUNCT
dem-2898	102	1	determination	determination	NOUN
dem-2898	102	2	of	of	ADP
dem-2898	102	3	the	the	DET
dem-2898	102	4	time	time	NOUN
dem-2898	102	5	of	of	ADP
dem-2898	102	6	contagion	contagion	NOUN
dem-2898	102	7	in	in	ADP
dem-2898	102	8	capital	capital	NOUN
dem-2898	102	9	markets	market	NOUN
dem-2898	102	10	...	...	PUNCT
dem-2898	102	11	dynamic	dynamic	ADJ
dem-2898	102	12	econometric	econometric	ADJ
dem-2898	102	13	models	model	NOUN
dem-2898	102	14	13	13	NUM
dem-2898	102	15	(	(	PUNCT
dem-2898	102	16	2013	2013	NUM
dem-2898	102	17	)	)	PUNCT
dem-2898	102	18	69–85	69–85	NUM
dem-2898	102	19	73	73	NUM
dem-2898	102	20	2	2	NUM
dem-2898	102	21	.	.	PUNCT
dem-2898	103	1	the	the	DET
dem-2898	103	2	markov	markov	NOUN
dem-2898	103	3	-	-	PUNCT
dem-2898	103	4	switching	switch	VERB
dem-2898	103	5	model	model	NOUN
dem-2898	103	6	in	in	ADP
dem-2898	103	7	markov	markov	NOUN
dem-2898	103	8	-	-	PUNCT
dem-2898	103	9	switching	switch	VERB
dem-2898	103	10	models	model	NOUN
dem-2898	103	11	it	it	PRON
dem-2898	103	12	is	be	AUX
dem-2898	103	13	assumed	assume	VERB
dem-2898	103	14	that	that	SCONJ
dem-2898	103	15	a	a	DET
dem-2898	103	16	switch	switch	NOUN
dem-2898	103	17	between	between	ADP
dem-2898	103	18	the	the	DET
dem-2898	103	19	behaviours	behaviour	NOUN
dem-2898	103	20	of	of	ADP
dem-2898	103	21	rates	rate	NOUN
dem-2898	103	22	of	of	ADP
dem-2898	103	23	return	return	NOUN
dem-2898	103	24	in	in	ADP
dem-2898	103	25	regimes	regime	NOUN
dem-2898	103	26	(	(	PUNCT
dem-2898	103	27	periods	period	NOUN
dem-2898	103	28	)	)	PUNCT
dem-2898	103	29	,	,	PUNCT
dem-2898	103	30	and	and	CCONJ
dem-2898	103	31	thus	thus	ADV
dem-2898	103	32	the	the	DET
dem-2898	103	33	process	process	NOUN
dem-2898	103	34	of	of	ADP
dem-2898	103	35	contagion	contagion	NOUN
dem-2898	103	36	in	in	ADP
dem-2898	103	37	a	a	DET
dem-2898	103	38	market	market	NOUN
dem-2898	103	39	,	,	PUNCT
dem-2898	103	40	depend	depend	VERB
dem-2898	103	41	on	on	ADP
dem-2898	103	42	certain	certain	ADJ
dem-2898	103	43	hidden	hide	VERB
dem-2898	103	44	factors	factor	NOUN
dem-2898	103	45	which	which	PRON
dem-2898	103	46	are	be	AUX
dem-2898	103	47	not	not	PART
dem-2898	103	48	directly	directly	ADV
dem-2898	103	49	observable	observable	ADJ
dem-2898	103	50	.	.	PUNCT
dem-2898	104	1	one	one	PRON
dem-2898	104	2	can	can	AUX
dem-2898	104	3	only	only	ADV
dem-2898	104	4	observe	observe	VERB
dem-2898	104	5	the	the	DET
dem-2898	104	6	external	external	ADJ
dem-2898	104	7	symptoms	symptom	NOUN
dem-2898	104	8	of	of	ADP
dem-2898	104	9	regime	regime	NOUN
dem-2898	104	10	change	change	NOUN
dem-2898	104	11	by	by	ADP
dem-2898	104	12	observing	observe	VERB
dem-2898	104	13	,	,	PUNCT
dem-2898	104	14	for	for	ADP
dem-2898	104	15	example	example	NOUN
dem-2898	104	16	,	,	PUNCT
dem-2898	104	17	the	the	DET
dem-2898	104	18	mutual	mutual	ADJ
dem-2898	104	19	correlations	correlation	NOUN
dem-2898	104	20	between	between	ADP
dem-2898	104	21	rates	rate	NOUN
dem-2898	104	22	of	of	ADP
dem-2898	104	23	return	return	NOUN
dem-2898	104	24	.	.	PUNCT
dem-2898	105	1	theoretically	theoretically	ADV
dem-2898	105	2	,	,	PUNCT
dem-2898	105	3	for	for	ADP
dem-2898	105	4	a	a	DET
dem-2898	105	5	time	time	NOUN
dem-2898	105	6	series	series	NOUN
dem-2898	105	7	of	of	ADP
dem-2898	105	8	dynamic	dynamic	ADJ
dem-2898	105	9	conditional	conditional	ADJ
dem-2898	105	10	correlations	correlation	NOUN
dem-2898	105	11	tρ	tρ	INTJ
dem-2898	105	12	,	,	PUNCT
dem-2898	105	13	a	a	DET
dem-2898	105	14	one	one	NUM
dem-2898	105	15	-	-	PUNCT
dem-2898	105	16	dimensional	dimensional	ADJ
dem-2898	105	17	switching	switching	NOUN
dem-2898	105	18	model	model	NOUN
dem-2898	105	19	can	can	AUX
dem-2898	105	20	be	be	AUX
dem-2898	105	21	used	use	VERB
dem-2898	105	22	,	,	PUNCT
dem-2898	105	23	in	in	ADP
dem-2898	105	24	which	which	PRON
dem-2898	105	25	switches	switch	NOUN
dem-2898	105	26	occur	occur	VERB
dem-2898	105	27	as	as	ADP
dem-2898	105	28	a	a	DET
dem-2898	105	29	result	result	NOUN
dem-2898	105	30	of	of	ADP
dem-2898	105	31	changes	change	NOUN
dem-2898	105	32	in	in	ADP
dem-2898	105	33	the	the	DET
dem-2898	105	34	expected	expect	VERB
dem-2898	105	35	value	value	NOUN
dem-2898	105	36	μ	μ	PROPN
dem-2898	105	37	,	,	PUNCT
dem-2898	105	38	variance	variance	NOUN
dem-2898	105	39	σ2	σ2	PROPN
dem-2898	105	40	or	or	CCONJ
dem-2898	105	41	the	the	DET
dem-2898	105	42	expected	expect	VERB
dem-2898	105	43	value	value	NOUN
dem-2898	105	44	and	and	CCONJ
dem-2898	105	45	variance	variance	NOUN
dem-2898	105	46	of	of	ADP
dem-2898	105	47	the	the	DET
dem-2898	105	48	studied	study	VERB
dem-2898	105	49	correlations	correlation	NOUN
dem-2898	105	50	(	(	PUNCT
dem-2898	105	51	hamilton	hamilton	PROPN
dem-2898	105	52	,	,	PUNCT
dem-2898	105	53	1989	1989	NUM
dem-2898	105	54	;	;	PUNCT
dem-2898	105	55	davidson	davidson	NOUN
dem-2898	105	56	,	,	PUNCT
dem-2898	105	57	2013	2013	NUM
dem-2898	105	58	)	)	PUNCT
dem-2898	105	59	.	.	PUNCT
dem-2898	106	1	if	if	SCONJ
dem-2898	106	2	a	a	DET
dem-2898	106	3	switching	switching	NOUN
dem-2898	106	4	model	model	NOUN
dem-2898	106	5	is	be	AUX
dem-2898	106	6	only	only	ADV
dem-2898	106	7	constructed	construct	VERB
dem-2898	106	8	for	for	ADP
dem-2898	106	9	the	the	DET
dem-2898	106	10	purpose	purpose	NOUN
dem-2898	106	11	of	of	ADP
dem-2898	106	12	classifying	classify	VERB
dem-2898	106	13	the	the	DET
dem-2898	106	14	already	already	ADV
dem-2898	106	15	obtained	obtain	VERB
dem-2898	106	16	theoretical	theoretical	ADJ
dem-2898	106	17	values	value	NOUN
dem-2898	106	18	of	of	ADP
dem-2898	106	19	correlations	correlation	NOUN
dem-2898	106	20	,	,	PUNCT
dem-2898	106	21	it	it	PRON
dem-2898	106	22	can	can	AUX
dem-2898	106	23	be	be	AUX
dem-2898	106	24	assumed	assume	VERB
dem-2898	106	25	that	that	SCONJ
dem-2898	106	26	,	,	PUNCT
dem-2898	106	27	in	in	ADP
dem-2898	106	28	each	each	DET
dem-2898	106	29	regime	regime	NOUN
dem-2898	106	30	,	,	PUNCT
dem-2898	106	31	values	value	NOUN
dem-2898	106	32	are	be	AUX
dem-2898	106	33	generated	generate	VERB
dem-2898	106	34	by	by	ADP
dem-2898	106	35	independent	independent	ADJ
dem-2898	106	36	processes	process	NOUN
dem-2898	106	37	with	with	ADP
dem-2898	106	38	a	a	DET
dem-2898	106	39	different	different	ADJ
dem-2898	106	40	constant	constant	ADJ
dem-2898	106	41	expected	expect	VERB
dem-2898	106	42	value	value	NOUN
dem-2898	106	43	and	and	CCONJ
dem-2898	106	44	constant	constant	ADJ
dem-2898	106	45	variance	variance	NOUN
dem-2898	106	46	:	:	PUNCT
dem-2898	106	47	,	,	PUNCT
dem-2898	106	48	2,1,0),(,0(~	2,1,0),(,0(~	X
dem-2898	106	49	)	)	PUNCT
dem-2898	106	50	(	(	PUNCT
dem-2898	106	51	2	2	NUM
dem-2898	106	52	=	=	SYM
dem-2898	106	53	=	=	ADJ
dem-2898	106	54	+	+	NOUN
dem-2898	106	55	=	=	ADJ
dem-2898	106	56	=	=	SYM
dem-2898	106	57	iirnir	iirnir	ADJ
dem-2898	106	58	titittit	titittit	NOUN
dem-2898	106	59	σεεμρ	σεεμρ	PROPN
dem-2898	106	60	(	(	PUNCT
dem-2898	106	61	9	9	NUM
dem-2898	106	62	)	)	PUNCT
dem-2898	106	63	where	where	SCONJ
dem-2898	106	64	)	)	PUNCT
dem-2898	106	65	(	(	PUNCT
dem-2898	106	66	irt	irt	PROPN
dem-2898	106	67	=	=	PROPN
dem-2898	106	68	μ	μ	PROPN
dem-2898	106	69	,	,	PUNCT
dem-2898	106	70	)	)	PUNCT
dem-2898	106	71	(	(	PUNCT
dem-2898	106	72	2	2	NUM
dem-2898	106	73	irt	irt	PROPN
dem-2898	106	74	=	=	PROPN
dem-2898	106	75	σ	σ	PROPN
dem-2898	106	76	denote	denote	VERB
dem-2898	106	77	the	the	DET
dem-2898	106	78	expected	expect	VERB
dem-2898	106	79	value	value	NOUN
dem-2898	106	80	and	and	CCONJ
dem-2898	106	81	variance	variance	NOUN
dem-2898	106	82	of	of	ADP
dem-2898	106	83	conditional	conditional	ADJ
dem-2898	106	84	correlations	correlation	NOUN
dem-2898	106	85	,	,	PUNCT
dem-2898	106	86	respectively	respectively	ADV
dem-2898	106	87	,	,	PUNCT
dem-2898	106	88	in	in	ADP
dem-2898	106	89	the	the	DET
dem-2898	106	90	i	i	NOUN
dem-2898	106	91	-	-	NOUN
dem-2898	106	92	regime	regime	NOUN
dem-2898	106	93	.	.	PUNCT
dem-2898	107	1	such	such	DET
dem-2898	107	2	an	an	DET
dem-2898	107	3	approach	approach	NOUN
dem-2898	107	4	allows	allow	VERB
dem-2898	107	5	one	one	NUM
dem-2898	107	6	to	to	PART
dem-2898	107	7	use	use	VERB
dem-2898	107	8	a	a	DET
dem-2898	107	9	one	one	NUM
dem-2898	107	10	-	-	PUNCT
dem-2898	107	11	dimensional	dimensional	ADJ
dem-2898	107	12	model	model	NOUN
dem-2898	107	13	,	,	PUNCT
dem-2898	107	14	in	in	ADP
dem-2898	107	15	which	which	PRON
dem-2898	107	16	it	it	PRON
dem-2898	107	17	is	be	AUX
dem-2898	107	18	assumed	assume	VERB
dem-2898	107	19	that	that	SCONJ
dem-2898	107	20	three	three	NUM
dem-2898	107	21	regimes	regime	NOUN
dem-2898	107	22	will	will	AUX
dem-2898	107	23	be	be	AUX
dem-2898	107	24	analysed	analyse	VERB
dem-2898	107	25	,	,	PUNCT
dem-2898	107	26	i.e.	i.e.	X
dem-2898	107	27	tr	tr	VERB
dem-2898	107	28	=	=	ADJ
dem-2898	107	29	i	i	NOUN
dem-2898	107	30	(	(	PUNCT
dem-2898	107	31	i	i	NOUN
dem-2898	107	32	=	=	NOUN
dem-2898	107	33	0	0	NUM
dem-2898	107	34	,	,	PUNCT
dem-2898	107	35	1	1	NUM
dem-2898	107	36	,	,	PUNCT
dem-2898	107	37	2	2	NUM
dem-2898	107	38	)	)	PUNCT
dem-2898	107	39	,	,	PUNCT
dem-2898	107	40	which	which	PRON
dem-2898	107	41	are	be	AUX
dem-2898	107	42	related	relate	VERB
dem-2898	107	43	to	to	ADP
dem-2898	107	44	an	an	DET
dem-2898	107	45	extremely	extremely	ADV
dem-2898	107	46	low	low	ADJ
dem-2898	107	47	,	,	PUNCT
dem-2898	107	48	average	average	ADJ
dem-2898	107	49	and	and	CCONJ
dem-2898	107	50	extremely	extremely	ADV
dem-2898	107	51	high	high	ADJ
dem-2898	107	52	correlation	correlation	NOUN
dem-2898	107	53	between	between	ADP
dem-2898	107	54	rates	rate	NOUN
dem-2898	107	55	of	of	ADP
dem-2898	107	56	return	return	NOUN
dem-2898	107	57	.	.	PUNCT
dem-2898	108	1	the	the	DET
dem-2898	108	2	proposed	propose	VERB
dem-2898	108	3	sequential	sequential	ADJ
dem-2898	108	4	procedure	procedure	NOUN
dem-2898	108	5	entails	entail	VERB
dem-2898	108	6	estimating	estimate	VERB
dem-2898	108	7	the	the	DET
dem-2898	108	8	model	model	NOUN
dem-2898	108	9	of	of	ADP
dem-2898	108	10	dynamic	dynamic	ADJ
dem-2898	108	11	conditional	conditional	ADJ
dem-2898	108	12	correlations	correlation	NOUN
dem-2898	108	13	and	and	CCONJ
dem-2898	108	14	the	the	DET
dem-2898	108	15	switching	switch	VERB
dem-2898	108	16	model	model	NOUN
dem-2898	108	17	separately	separately	ADV
dem-2898	108	18	,	,	PUNCT
dem-2898	108	19	which	which	PRON
dem-2898	108	20	makes	make	VERB
dem-2898	108	21	it	it	PRON
dem-2898	108	22	possible	possible	ADJ
dem-2898	108	23	to	to	PART
dem-2898	108	24	avoid	avoid	VERB
dem-2898	108	25	many	many	ADJ
dem-2898	108	26	problems	problem	NOUN
dem-2898	108	27	related	relate	VERB
dem-2898	108	28	to	to	ADP
dem-2898	108	29	estimating	estimate	VERB
dem-2898	108	30	multidimensional	multidimensional	ADJ
dem-2898	108	31	models6	models6	NOUN
dem-2898	108	32	.	.	PUNCT
dem-2898	109	1	the	the	DET
dem-2898	109	2	series	series	NOUN
dem-2898	109	3	of	of	ADP
dem-2898	109	4	random	random	ADJ
dem-2898	109	5	variables	variable	NOUN
dem-2898	109	6	rt	rt	PROPN
dem-2898	109	7	in	in	ADP
dem-2898	109	8	the	the	DET
dem-2898	109	9	subsequent	subsequent	ADJ
dem-2898	109	10	moments	moment	NOUN
dem-2898	109	11	in	in	ADP
dem-2898	109	12	time	time	NOUN
dem-2898	109	13	t	t	PROPN
dem-2898	109	14	(	(	PUNCT
dem-2898	109	15	t=1	t=1	PROPN
dem-2898	109	16	,	,	PUNCT
dem-2898	109	17	...	...	PUNCT
dem-2898	109	18	,	,	PUNCT
dem-2898	109	19	t	t	PROPN
dem-2898	109	20	)	)	PUNCT
dem-2898	109	21	has	have	VERB
dem-2898	109	22	the	the	DET
dem-2898	109	23	markov	markov	NOUN
dem-2898	109	24	property	property	NOUN
dem-2898	109	25	,	,	PUNCT
dem-2898	109	26	i.e.	i.e.	X
dem-2898	109	27	its	its	PRON
dem-2898	109	28	value	value	NOUN
dem-2898	109	29	at	at	ADP
dem-2898	109	30	the	the	DET
dem-2898	109	31	time	time	NOUN
dem-2898	109	32	moment	moment	NOUN
dem-2898	109	33	t+1	t+1	NUM
dem-2898	109	34	,	,	PUNCT
dem-2898	109	35	i.e.	i.e.	X
dem-2898	109	36	rt+1	rt+1	PROPN
dem-2898	109	37	,	,	PUNCT
dem-2898	109	38	depends	depend	VERB
dem-2898	109	39	only	only	ADV
dem-2898	109	40	on	on	ADP
dem-2898	109	41	the	the	DET
dem-2898	109	42	regime	regime	NOUN
dem-2898	109	43	at	at	ADP
dem-2898	109	44	the	the	DET
dem-2898	109	45	t	t	NOUN
dem-2898	109	46	moment	moment	NOUN
dem-2898	109	47	,	,	PUNCT
dem-2898	109	48	rather	rather	ADV
dem-2898	109	49	than	than	ADP
dem-2898	109	50	on	on	ADP
dem-2898	109	51	all	all	DET
dem-2898	109	52	the	the	DET
dem-2898	109	53	preceding	precede	VERB
dem-2898	109	54	regimes	regime	NOUN
dem-2898	109	55	,	,	PUNCT
dem-2898	109	56	which	which	PRON
dem-2898	109	57	is	be	AUX
dem-2898	109	58	formally	formally	ADV
dem-2898	109	59	formulated	formulate	VERB
dem-2898	109	60	as	as	ADP
dem-2898	109	61	:	:	PUNCT
dem-2898	109	62	6	6	NUM
dem-2898	109	63	in	in	ADP
dem-2898	109	64	practice	practice	NOUN
dem-2898	109	65	,	,	PUNCT
dem-2898	109	66	the	the	DET
dem-2898	109	67	use	use	NOUN
dem-2898	109	68	of	of	ADP
dem-2898	109	69	multidimensional	multidimensional	ADJ
dem-2898	109	70	switching	switching	NOUN
dem-2898	109	71	models	model	NOUN
dem-2898	109	72	is	be	AUX
dem-2898	109	73	associated	associate	VERB
dem-2898	109	74	with	with	ADP
dem-2898	109	75	many	many	ADJ
dem-2898	109	76	problems	problem	NOUN
dem-2898	109	77	because	because	SCONJ
dem-2898	109	78	of	of	ADP
dem-2898	109	79	the	the	DET
dem-2898	109	80	number	number	NOUN
dem-2898	109	81	of	of	ADP
dem-2898	109	82	estimated	estimate	VERB
dem-2898	109	83	parameters	parameter	NOUN
dem-2898	109	84	which	which	PRON
dem-2898	109	85	grows	grow	VERB
dem-2898	109	86	exponentially	exponentially	ADV
dem-2898	109	87	,	,	PUNCT
dem-2898	109	88	as	as	ADP
dem-2898	109	89	in	in	ADP
dem-2898	109	90	the	the	DET
dem-2898	109	91	multidimensional	multidimensional	ADJ
dem-2898	109	92	vechgarch	vechgarch	NOUN
dem-2898	109	93	model	model	NOUN
dem-2898	109	94	(	(	PUNCT
dem-2898	109	95	billio	billio	PROPN
dem-2898	109	96	,	,	PUNCT
dem-2898	109	97	lo	lo	PROPN
dem-2898	109	98	duca	duca	PROPN
dem-2898	109	99	,	,	PUNCT
dem-2898	109	100	pelizzon	pelizzon	NOUN
dem-2898	109	101	,	,	PUNCT
dem-2898	109	102	2005	2005	NUM
dem-2898	109	103	)	)	PUNCT
dem-2898	109	104	.	.	PUNCT
dem-2898	110	1	if	if	SCONJ
dem-2898	110	2	one	one	PRON
dem-2898	110	3	assumes	assume	VERB
dem-2898	110	4	that	that	SCONJ
dem-2898	110	5	only	only	ADV
dem-2898	110	6	two	two	NUM
dem-2898	110	7	states	state	NOUN
dem-2898	110	8	(	(	PUNCT
dem-2898	110	9	of	of	ADP
dem-2898	110	10	high	high	ADJ
dem-2898	110	11	and	and	CCONJ
dem-2898	110	12	low	low	ADJ
dem-2898	110	13	volatility	volatility	NOUN
dem-2898	110	14	)	)	PUNCT
dem-2898	110	15	can	can	AUX
dem-2898	110	16	occur	occur	VERB
dem-2898	110	17	in	in	ADP
dem-2898	110	18	each	each	PRON
dem-2898	110	19	of	of	ADP
dem-2898	110	20	two	two	NUM
dem-2898	110	21	studied	study	VERB
dem-2898	110	22	markets	market	NOUN
dem-2898	110	23	,	,	PUNCT
dem-2898	110	24	than	than	SCONJ
dem-2898	110	25	one	one	PRON
dem-2898	110	26	already	already	ADV
dem-2898	110	27	allows	allow	VERB
dem-2898	110	28	for	for	ADP
dem-2898	110	29	the	the	DET
dem-2898	110	30	occurrence	occurrence	NOUN
dem-2898	110	31	of	of	ADP
dem-2898	110	32	four	four	NUM
dem-2898	110	33	regimes	regime	NOUN
dem-2898	110	34	,	,	PUNCT
dem-2898	110	35	and	and	CCONJ
dem-2898	110	36	the	the	DET
dem-2898	110	37	matrix	matrix	NOUN
dem-2898	110	38	of	of	ADP
dem-2898	110	39	conditional	conditional	ADJ
dem-2898	110	40	probabilities	probability	NOUN
dem-2898	110	41	has	have	VERB
dem-2898	110	42	dimensions	dimension	NOUN
dem-2898	110	43	[	[	X
dem-2898	110	44	4	4	NUM
dem-2898	110	45	x	x	SYM
dem-2898	110	46	4	4	NUM
dem-2898	110	47	]	]	PUNCT
dem-2898	110	48	.	.	PUNCT
dem-2898	111	1	the	the	DET
dem-2898	111	2	final	final	ADJ
dem-2898	111	3	number	number	NOUN
dem-2898	111	4	of	of	ADP
dem-2898	111	5	parameters	parameter	NOUN
dem-2898	111	6	depends	depend	VERB
dem-2898	111	7	on	on	ADP
dem-2898	111	8	the	the	DET
dem-2898	111	9	assumptions	assumption	NOUN
dem-2898	111	10	regarding	regard	VERB
dem-2898	111	11	the	the	DET
dem-2898	111	12	differences	difference	NOUN
dem-2898	111	13	between	between	ADP
dem-2898	111	14	processes	process	NOUN
dem-2898	111	15	determining	determine	VERB
dem-2898	111	16	the	the	DET
dem-2898	111	17	behaviour	behaviour	NOUN
dem-2898	111	18	of	of	ADP
dem-2898	111	19	rates	rate	NOUN
dem-2898	111	20	of	of	ADP
dem-2898	111	21	return	return	NOUN
dem-2898	111	22	in	in	ADP
dem-2898	111	23	particular	particular	ADJ
dem-2898	111	24	regimes	regime	NOUN
dem-2898	111	25	.	.	PUNCT
dem-2898	112	1	milda	milda	PROPN
dem-2898	112	2	maria	maria	PROPN
dem-2898	112	3	burzała	burzała	PROPN
dem-2898	112	4	dynamic	dynamic	ADJ
dem-2898	112	5	econometric	econometric	ADJ
dem-2898	112	6	models	model	NOUN
dem-2898	112	7	13	13	NUM
dem-2898	112	8	(	(	PUNCT
dem-2898	112	9	2013	2013	NUM
dem-2898	112	10	)	)	PUNCT
dem-2898	112	11	69–85	69–85	NUM
dem-2898	112	12	74	74	NUM
dem-2898	112	13	1	1	NUM
dem-2898	112	14	1	1	NUM
dem-2898	112	15	1	1	NUM
dem-2898	112	16	(	(	PUNCT
dem-2898	112	17	,	,	PUNCT
dem-2898	112	18	,	,	PUNCT
dem-2898	112	19	...	...	PUNCT
dem-2898	112	20	)	)	PUNCT
dem-2898	112	21	(	(	PUNCT
dem-2898	112	22	)	)	PUNCT
dem-2898	112	23	,	,	PUNCT
dem-2898	112	24	,	,	PUNCT
dem-2898	112	25	0,1,2	0,1,2	X
dem-2898	112	26	.	.	NUM
dem-2898	112	27	t	t	PROPN
dem-2898	112	28	t	t	PROPN
dem-2898	112	29	t	t	PROPN
dem-2898	112	30	t	t	PROPN
dem-2898	112	31	t	t	PROPN
dem-2898	112	32	ijp	ijp	ADV
dem-2898	112	33	r	r	NOUN
dem-2898	112	34	j	j	NOUN
dem-2898	113	1	r	r	NOUN
dem-2898	114	1	i	i	NOUN
dem-2898	114	2	r	r	VERB
dem-2898	115	1	k	k	NOUN
dem-2898	115	2	p	p	X
dem-2898	115	3	r	r	NOUN
dem-2898	115	4	j	j	NOUN
dem-2898	115	5	r	r	NOUN
dem-2898	116	1	i	i	PRON
dem-2898	116	2	p	p	X
dem-2898	117	1	i	i	PRON
dem-2898	117	2	j	j	PROPN
dem-2898	118	1	+	+	CCONJ
dem-2898	119	1	−	−	PROPN
dem-2898	120	1	+	+	NOUN
dem-2898	120	2	=	=	SYM
dem-2898	120	3	=	=	SYM
dem-2898	120	4	=	=	PUNCT
dem-2898	120	5	=	=	PUNCT
dem-2898	120	6	=	=	PUNCT
dem-2898	120	7	=	=	PUNCT
dem-2898	120	8	=	=	SYM
dem-2898	120	9	=	=	SYM
dem-2898	120	10	(	(	PUNCT
dem-2898	120	11	10	10	NUM
dem-2898	120	12	)	)	PUNCT
dem-2898	120	13	probabilities	probability	NOUN
dem-2898	120	14	pij	pij	AUX
dem-2898	120	15	denote	denote	VERB
dem-2898	120	16	the	the	DET
dem-2898	120	17	probability	probability	NOUN
dem-2898	120	18	of	of	ADP
dem-2898	120	19	transition	transition	NOUN
dem-2898	120	20	of	of	ADP
dem-2898	120	21	the	the	DET
dem-2898	120	22	dependence	dependence	NOUN
dem-2898	120	23	between	between	ADP
dem-2898	120	24	rates	rate	NOUN
dem-2898	120	25	of	of	ADP
dem-2898	120	26	return	return	NOUN
dem-2898	120	27	from	from	ADP
dem-2898	120	28	regime	regime	NOUN
dem-2898	120	29	i	i	PRON
dem-2898	120	30	to	to	PART
dem-2898	120	31	regime	regime	VERB
dem-2898	120	32	j.	j.	PROPN
dem-2898	120	33	if	if	SCONJ
dem-2898	120	34	at	at	ADP
dem-2898	120	35	the	the	DET
dem-2898	120	36	t	t	NOUN
dem-2898	120	37	–	–	PUNCT
dem-2898	120	38	1	1	NUM
dem-2898	120	39	moment	moment	NOUN
dem-2898	120	40	the	the	DET
dem-2898	120	41	process	process	NOUN
dem-2898	120	42	was	be	AUX
dem-2898	120	43	under	under	ADP
dem-2898	120	44	the	the	DET
dem-2898	120	45	rt-1	rt-1	NOUN
dem-2898	120	46	=	=	PUNCT
dem-2898	120	47	i	i	PRON
dem-2898	120	48	regime	regime	VERB
dem-2898	120	49	,	,	PUNCT
dem-2898	120	50	then	then	ADV
dem-2898	120	51	the	the	DET
dem-2898	120	52	conditional	conditional	ADJ
dem-2898	120	53	density	density	NOUN
dem-2898	120	54	function	function	NOUN
dem-2898	120	55	of	of	ADP
dem-2898	120	56	the	the	DET
dem-2898	120	57	explained	explain	VERB
dem-2898	120	58	variable	variable	NOUN
dem-2898	120	59	tρ	tρ	NOUN
dem-2898	120	60	can	can	AUX
dem-2898	120	61	be	be	AUX
dem-2898	120	62	represented	represent	VERB
dem-2898	120	63	as	as	ADP
dem-2898	120	64	1	1	NUM
dem-2898	120	65	(	(	PUNCT
dem-2898	120	66	,	,	PUNCT
dem-2898	121	1	)	)	PUNCT
dem-2898	121	2	t	t	NOUN
dem-2898	121	3	t	t	X
dem-2898	121	4	tf	tf	X
dem-2898	121	5	s	s	VERB
dem-2898	121	6	r	r	NOUN
dem-2898	122	1	i	i	PRON
dem-2898	122	2	i	i	PRON
dem-2898	122	3	−=	−=	VERB
dem-2898	122	4	,	,	PUNCT
dem-2898	122	5	where	where	SCONJ
dem-2898	122	6	1−ti	1−ti	NUM
dem-2898	122	7	denotes	denote	NOUN
dem-2898	122	8	the	the	DET
dem-2898	122	9	history	history	NOUN
dem-2898	122	10	of	of	ADP
dem-2898	122	11	the	the	DET
dem-2898	122	12	process	process	NOUN
dem-2898	122	13	until	until	ADP
dem-2898	122	14	the	the	DET
dem-2898	122	15	t	t	NOUN
dem-2898	122	16	–	–	PUNCT
dem-2898	122	17	1	1	NUM
dem-2898	122	18	moment	moment	NOUN
dem-2898	122	19	.	.	PUNCT
dem-2898	123	1	any	any	DET
dem-2898	123	2	suppositions	supposition	NOUN
dem-2898	123	3	on	on	ADP
dem-2898	123	4	the	the	DET
dem-2898	123	5	i	i	PROPN
dem-2898	123	6	regime	regime	NOUN
dem-2898	123	7	may	may	AUX
dem-2898	123	8	be	be	AUX
dem-2898	123	9	made	make	VERB
dem-2898	123	10	by	by	ADP
dem-2898	123	11	means	mean	NOUN
dem-2898	123	12	of	of	ADP
dem-2898	123	13	a	a	DET
dem-2898	123	14	conditional	conditional	ADJ
dem-2898	123	15	probability	probability	NOUN
dem-2898	123	16	:	:	PUNCT
dem-2898	123	17	,	,	PUNCT
dem-2898	123	18	)	)	PUNCT
dem-2898	123	19	(	(	PUNCT
dem-2898	123	20	)	)	PUNCT
dem-2898	123	21	,	,	PUNCT
dem-2898	123	22	(	(	PUNCT
dem-2898	123	23	)	)	PUNCT
dem-2898	123	24	(	(	PUNCT
dem-2898	123	25	)	)	PUNCT
dem-2898	123	26	,	,	PUNCT
dem-2898	123	27	(	(	PUNCT
dem-2898	123	28	)	)	PUNCT
dem-2898	123	29	(	(	PUNCT
dem-2898	123	30	2	2	NUM
dem-2898	123	31	0	0	NUM
dem-2898	123	32	11	11	NUM
dem-2898	123	33	11	11	NUM
dem-2898	123	34	∑	∑	PUNCT
dem-2898	123	35	=	=	SYM
dem-2898	123	36	−−	−−	NOUN
dem-2898	123	37	−−	−−	NOUN
dem-2898	123	38	=	=	NOUN
dem-2898	123	39	⋅=	⋅=	NOUN
dem-2898	124	1	=	=	NOUN
dem-2898	124	2	⋅=	⋅=	X
dem-2898	124	3	=	=	X
dem-2898	124	4	=	=	SYM
dem-2898	124	5	j	j	PROPN
dem-2898	124	6	ttttt	ttttt	NOUN
dem-2898	124	7	ttttt	ttttt	VERB
dem-2898	124	8	tt	tt	PROPN
dem-2898	124	9	ijrpijrsf	ijrpijrsf	PROPN
dem-2898	124	10	iirpiirsf	iirpiirsf	VERB
dem-2898	124	11	iirp	iirp	NOUN
dem-2898	124	12	(	(	PUNCT
dem-2898	124	13	11	11	NUM
dem-2898	124	14	)	)	PUNCT
dem-2898	124	15	where	where	SCONJ
dem-2898	124	16	∑	∑	ADV
dem-2898	124	17	=	=	SYM
dem-2898	124	18	−−−	−−−	NOUN
dem-2898	125	1	=	=	PUNCT
dem-2898	125	2	=	=	SYM
dem-2898	125	3	=	=	SYM
dem-2898	125	4	2	2	NUM
dem-2898	125	5	0	0	NUM
dem-2898	125	6	111	111	NUM
dem-2898	125	7	)	)	PUNCT
dem-2898	125	8	.	.	PUNCT
dem-2898	126	1	(	(	PUNCT
dem-2898	126	2	)	)	PUNCT
dem-2898	126	3	(	(	PUNCT
dem-2898	126	4	j	j	PROPN
dem-2898	126	5	ttijtt	ttijtt	NOUN
dem-2898	126	6	ijrppiirp	ijrppiirp	NOUN
dem-2898	126	7	(	(	PUNCT
dem-2898	126	8	12	12	NUM
dem-2898	126	9	)	)	PUNCT
dem-2898	126	10	the	the	DET
dem-2898	126	11	model	model	NOUN
dem-2898	126	12	’s	’s	PART
dem-2898	126	13	parameters	parameter	NOUN
dem-2898	126	14	are	be	AUX
dem-2898	126	15	estimated	estimate	VERB
dem-2898	126	16	by	by	ADP
dem-2898	126	17	using	use	VERB
dem-2898	126	18	the	the	DET
dem-2898	126	19	maximum	maximum	ADJ
dem-2898	126	20	likelihood	likelihood	NOUN
dem-2898	126	21	method	method	NOUN
dem-2898	126	22	(	(	PUNCT
dem-2898	126	23	davidson	davidson	NOUN
dem-2898	126	24	,	,	PUNCT
dem-2898	126	25	2013)7	2013)7	NUM
dem-2898	126	26	.	.	PUNCT
dem-2898	127	1	3	3	X
dem-2898	127	2	.	.	X
dem-2898	127	3	the	the	DET
dem-2898	127	4	statistical	statistical	ADJ
dem-2898	127	5	material	material	NOUN
dem-2898	127	6	and	and	CCONJ
dem-2898	127	7	an	an	DET
dem-2898	127	8	arbitrary	arbitrary	ADJ
dem-2898	127	9	division	division	NOUN
dem-2898	127	10	of	of	ADP
dem-2898	127	11	the	the	DET
dem-2898	127	12	sample	sample	NOUN
dem-2898	127	13	in	in	ADP
dem-2898	127	14	the	the	DET
dem-2898	127	15	empirical	empirical	ADJ
dem-2898	127	16	research	research	NOUN
dem-2898	127	17	,	,	PUNCT
dem-2898	127	18	daily	daily	ADV
dem-2898	127	19	continuously	continuously	ADV
dem-2898	127	20	compounded	compound	VERB
dem-2898	127	21	rates	rate	NOUN
dem-2898	127	22	of	of	ADP
dem-2898	127	23	return	return	NOUN
dem-2898	127	24	on	on	ADP
dem-2898	127	25	six	six	NUM
dem-2898	127	26	indices	index	NOUN
dem-2898	127	27	representing	represent	VERB
dem-2898	127	28	the	the	DET
dem-2898	127	29	situation	situation	NOUN
dem-2898	127	30	on	on	ADP
dem-2898	127	31	stock	stock	NOUN
dem-2898	127	32	exchanges	exchange	NOUN
dem-2898	127	33	during	during	ADP
dem-2898	127	34	the	the	DET
dem-2898	127	35	period	period	NOUN
dem-2898	127	36	from	from	ADP
dem-2898	127	37	august	august	PROPN
dem-2898	127	38	17	17	NUM
dem-2898	127	39	,	,	PUNCT
dem-2898	127	40	2005	2005	NUM
dem-2898	127	41	to	to	ADP
dem-2898	127	42	july	july	PROPN
dem-2898	127	43	31	31	NUM
dem-2898	127	44	,	,	PUNCT
dem-2898	127	45	2009	2009	NUM
dem-2898	127	46	were	be	AUX
dem-2898	127	47	used	use	VERB
dem-2898	127	48	(	(	PUNCT
dem-2898	127	49	1022	1022	NUM
dem-2898	127	50	observations	observation	NOUN
dem-2898	127	51	for	for	ADP
dem-2898	127	52	each	each	DET
dem-2898	127	53	stock	stock	NOUN
dem-2898	127	54	exchange	exchange	NOUN
dem-2898	127	55	)	)	PUNCT
dem-2898	127	56	:	:	PUNCT
dem-2898	127	57	)	)	PUNCT
dem-2898	127	58	)	)	PUNCT
dem-2898	127	59	.ln()(ln(100	.ln()(ln(100	PUNCT
dem-2898	128	1	1	1	NUM
dem-2898	128	2	,	,	PUNCT
dem-2898	128	3	,	,	PUNCT
dem-2898	128	4	−−⋅=	−−⋅=	PROPN
dem-2898	128	5	titiit	titiit	PROPN
dem-2898	128	6	pps	pps	PROPN
dem-2898	128	7	two	two	NUM
dem-2898	128	8	indices	index	NOUN
dem-2898	128	9	from	from	ADP
dem-2898	128	10	strong	strong	ADJ
dem-2898	128	11	eu	eu	PROPN
dem-2898	128	12	economies	economy	NOUN
dem-2898	128	13	–	–	PUNCT
dem-2898	128	14	dax	dax	PROPN
dem-2898	128	15	and	and	CCONJ
dem-2898	128	16	cac	cac	PROPN
dem-2898	128	17	,	,	PUNCT
dem-2898	128	18	representing	represent	VERB
dem-2898	128	19	the	the	DET
dem-2898	128	20	situation	situation	NOUN
dem-2898	128	21	on	on	ADP
dem-2898	128	22	the	the	DET
dem-2898	128	23	german	german	ADJ
dem-2898	128	24	and	and	CCONJ
dem-2898	128	25	french	french	ADJ
dem-2898	128	26	stock	stock	NOUN
dem-2898	128	27	exchanges	exchange	NOUN
dem-2898	128	28	,	,	PUNCT
dem-2898	128	29	as	as	ADV
dem-2898	128	30	well	well	ADV
dem-2898	128	31	as	as	ADP
dem-2898	128	32	two	two	NUM
dem-2898	128	33	indices	index	NOUN
dem-2898	128	34	from	from	ADP
dem-2898	128	35	weaker	weak	ADJ
dem-2898	128	36	economies	economy	NOUN
dem-2898	128	37	from	from	ADP
dem-2898	128	38	the	the	DET
dem-2898	128	39	“	"	PUNCT
dem-2898	128	40	old	old	ADJ
dem-2898	128	41	”	"	PUNCT
dem-2898	128	42	european	european	PROPN
dem-2898	128	43	union	union	PROPN
dem-2898	128	44	–	–	PUNCT
dem-2898	128	45	the	the	DET
dem-2898	128	46	spanish	spanish	ADJ
dem-2898	128	47	ibex	ibex	NOUN
dem-2898	128	48	and	and	CCONJ
dem-2898	128	49	the	the	DET
dem-2898	128	50	greek	greek	PROPN
dem-2898	128	51	atex	atex	PROPN
dem-2898	128	52	,	,	PUNCT
dem-2898	128	53	and	and	CCONJ
dem-2898	128	54	two	two	NUM
dem-2898	128	55	indices	index	NOUN
dem-2898	128	56	from	from	ADP
dem-2898	128	57	the	the	DET
dem-2898	128	58	countries	country	NOUN
dem-2898	128	59	of	of	ADP
dem-2898	128	60	central	central	ADJ
dem-2898	128	61	and	and	CCONJ
dem-2898	128	62	eastern	eastern	ADJ
dem-2898	128	63	europe	europe	PROPN
dem-2898	128	64	–	–	PUNCT
dem-2898	128	65	the	the	DET
dem-2898	128	66	hungarian	hungarian	ADJ
dem-2898	128	67	bux	bux	NOUN
dem-2898	128	68	and	and	CCONJ
dem-2898	128	69	the	the	DET
dem-2898	128	70	polish	polish	ADJ
dem-2898	128	71	wig20	wig20	PROPN
dem-2898	128	72	were	be	AUX
dem-2898	128	73	selected	select	VERB
dem-2898	128	74	for	for	ADP
dem-2898	128	75	the	the	DET
dem-2898	128	76	purpose	purpose	NOUN
dem-2898	128	77	of	of	ADP
dem-2898	128	78	the	the	DET
dem-2898	128	79	analysis	analysis	NOUN
dem-2898	128	80	(	(	PUNCT
dem-2898	128	81	source	source	NOUN
dem-2898	128	82	:	:	PUNCT
dem-2898	128	83	the	the	DET
dem-2898	128	84	stooq	stooq	PROPN
dem-2898	128	85	database	database	PROPN
dem-2898	128	86	)	)	PUNCT
dem-2898	128	87	.	.	PUNCT
dem-2898	129	1	the	the	DET
dem-2898	129	2	dow	dow	PROPN
dem-2898	129	3	jones	jones	PROPN
dem-2898	129	4	7	7	NUM
dem-2898	129	5	the	the	DET
dem-2898	129	6	relevant	relevant	ADJ
dem-2898	129	7	likelihood	likelihood	NOUN
dem-2898	129	8	function	function	NOUN
dem-2898	129	9	is	be	AUX
dem-2898	129	10	presented	present	VERB
dem-2898	129	11	as	as	ADP
dem-2898	129	12	part	part	NOUN
dem-2898	129	13	of	of	ADP
dem-2898	129	14	the	the	DET
dem-2898	129	15	description	description	NOUN
dem-2898	129	16	of	of	ADP
dem-2898	129	17	the	the	DET
dem-2898	129	18	tsm	tsm	NOUN
dem-2898	129	19	(	(	PUNCT
dem-2898	129	20	time	time	NOUN
dem-2898	129	21	series	series	PROPN
dem-2898	129	22	modelling	modelling	NOUN
dem-2898	129	23	)	)	PUNCT
dem-2898	129	24	program	program	NOUN
dem-2898	129	25	.	.	PUNCT
dem-2898	130	1	it	it	PRON
dem-2898	130	2	is	be	AUX
dem-2898	130	3	not	not	PART
dem-2898	130	4	easy	easy	ADJ
dem-2898	130	5	to	to	PART
dem-2898	130	6	estimate	estimate	VERB
dem-2898	130	7	the	the	DET
dem-2898	130	8	model	model	NOUN
dem-2898	130	9	’s	’s	PART
dem-2898	130	10	parameters	parameter	NOUN
dem-2898	130	11	.	.	PUNCT
dem-2898	131	1	numerical	numerical	PROPN
dem-2898	131	2	problems	problem	NOUN
dem-2898	131	3	result	result	VERB
dem-2898	131	4	from	from	ADP
dem-2898	131	5	the	the	DET
dem-2898	131	6	occurrence	occurrence	NOUN
dem-2898	131	7	of	of	ADP
dem-2898	131	8	local	local	ADJ
dem-2898	131	9	extrema	extrema	NOUN
dem-2898	131	10	of	of	ADP
dem-2898	131	11	the	the	DET
dem-2898	131	12	logarithmic	logarithmic	ADJ
dem-2898	131	13	likelihood	likelihood	NOUN
dem-2898	131	14	function	function	NOUN
dem-2898	131	15	.	.	PUNCT
dem-2898	132	1	this	this	PRON
dem-2898	132	2	is	be	AUX
dem-2898	132	3	why	why	SCONJ
dem-2898	132	4	normally	normally	ADV
dem-2898	132	5	two	two	NUM
dem-2898	132	6	,	,	PUNCT
dem-2898	132	7	up	up	ADP
dem-2898	132	8	to	to	PART
dem-2898	132	9	three	three	NUM
dem-2898	132	10	,	,	PUNCT
dem-2898	132	11	regimes	regime	NOUN
dem-2898	132	12	under	under	ADP
dem-2898	132	13	which	which	PRON
dem-2898	132	14	a	a	DET
dem-2898	132	15	process	process	NOUN
dem-2898	132	16	may	may	AUX
dem-2898	132	17	be	be	AUX
dem-2898	132	18	are	be	AUX
dem-2898	132	19	distinguished	distinguish	VERB
dem-2898	132	20	.	.	PUNCT
dem-2898	133	1	determination	determination	NOUN
dem-2898	133	2	of	of	ADP
dem-2898	133	3	the	the	DET
dem-2898	133	4	time	time	NOUN
dem-2898	133	5	of	of	ADP
dem-2898	133	6	contagion	contagion	NOUN
dem-2898	133	7	in	in	ADP
dem-2898	133	8	capital	capital	NOUN
dem-2898	133	9	markets	market	NOUN
dem-2898	133	10	...	...	PUNCT
dem-2898	133	11	dynamic	dynamic	ADJ
dem-2898	133	12	econometric	econometric	ADJ
dem-2898	133	13	models	model	NOUN
dem-2898	133	14	13	13	NUM
dem-2898	133	15	(	(	PUNCT
dem-2898	133	16	2013	2013	NUM
dem-2898	133	17	)	)	PUNCT
dem-2898	133	18	69–85	69–85	NUM
dem-2898	133	19	75	75	NUM
dem-2898	133	20	industrial	industrial	ADJ
dem-2898	133	21	average	average	NOUN
dem-2898	133	22	(	(	PUNCT
dem-2898	133	23	djia	djia	PROPN
dem-2898	133	24	)	)	PUNCT
dem-2898	133	25	index	index	NOUN
dem-2898	133	26	represented	represent	VERB
dem-2898	133	27	the	the	DET
dem-2898	133	28	situation	situation	NOUN
dem-2898	133	29	on	on	ADP
dem-2898	133	30	the	the	DET
dem-2898	133	31	u.s	u.s	PROPN
dem-2898	133	32	.	.	PROPN
dem-2898	133	33	stock	stock	NOUN
dem-2898	133	34	exchanges	exchange	NOUN
dem-2898	133	35	.	.	PUNCT
dem-2898	134	1	gaps	gap	NOUN
dem-2898	134	2	in	in	ADP
dem-2898	134	3	the	the	DET
dem-2898	134	4	data	datum	NOUN
dem-2898	134	5	were	be	AUX
dem-2898	134	6	filled	fill	VERB
dem-2898	134	7	by	by	ADP
dem-2898	134	8	using	use	VERB
dem-2898	134	9	the	the	DET
dem-2898	134	10	linear	linear	ADJ
dem-2898	134	11	interpolation	interpolation	NOUN
dem-2898	134	12	method	method	NOUN
dem-2898	134	13	.	.	PUNCT
dem-2898	135	1	due	due	ADP
dem-2898	135	2	to	to	ADP
dem-2898	135	3	the	the	DET
dem-2898	135	4	different	different	ADJ
dem-2898	135	5	quotation	quotation	NOUN
dem-2898	135	6	times	time	NOUN
dem-2898	135	7	,	,	PUNCT
dem-2898	135	8	data	datum	NOUN
dem-2898	135	9	were	be	AUX
dem-2898	135	10	smoothed	smooth	VERB
dem-2898	135	11	by	by	ADP
dem-2898	135	12	using	use	VERB
dem-2898	135	13	a	a	DET
dem-2898	135	14	two	two	NUM
dem-2898	135	15	-	-	PUNCT
dem-2898	135	16	period	period	NOUN
dem-2898	135	17	moving	move	VERB
dem-2898	135	18	average	average	NOUN
dem-2898	135	19	(	(	PUNCT
dem-2898	135	20	dungey	dungey	PROPN
dem-2898	135	21	et	et	PROPN
dem-2898	135	22	al	al	PROPN
dem-2898	135	23	.	.	PROPN
dem-2898	135	24	,	,	PUNCT
dem-2898	135	25	2007	2007	NUM
dem-2898	135	26	)	)	PUNCT
dem-2898	135	27	.	.	PUNCT
dem-2898	136	1	figure	figure	NOUN
dem-2898	136	2	1	1	NUM
dem-2898	136	3	.	.	PUNCT
dem-2898	137	1	the	the	DET
dem-2898	137	2	dow	dow	PROPN
dem-2898	137	3	jones	jones	PROPN
dem-2898	137	4	industrial	industrial	PROPN
dem-2898	137	5	average	average	ADJ
dem-2898	137	6	index	index	NOUN
dem-2898	137	7	during	during	ADP
dem-2898	137	8	the	the	DET
dem-2898	137	9	period	period	NOUN
dem-2898	137	10	from	from	ADP
dem-2898	137	11	august	august	PROPN
dem-2898	137	12	17	17	NUM
dem-2898	137	13	,	,	PUNCT
dem-2898	137	14	2005	2005	NUM
dem-2898	137	15	to	to	ADP
dem-2898	137	16	july	july	PROPN
dem-2898	137	17	31	31	NUM
dem-2898	137	18	,	,	PUNCT
dem-2898	137	19	2009	2009	NUM
dem-2898	137	20	(	(	PUNCT
dem-2898	137	21	lower	low	ADJ
dem-2898	137	22	figure	figure	NOUN
dem-2898	137	23	–	–	PUNCT
dem-2898	137	24	daily	daily	ADJ
dem-2898	137	25	rates	rate	NOUN
dem-2898	137	26	of	of	ADP
dem-2898	137	27	returns	return	NOUN
dem-2898	137	28	from	from	ADP
dem-2898	137	29	djia	djia	PROPN
dem-2898	137	30	index	index	PROPN
dem-2898	137	31	)	)	PUNCT
dem-2898	137	32	the	the	DET
dem-2898	137	33	behaviour	behaviour	NOUN
dem-2898	137	34	of	of	ADP
dem-2898	137	35	the	the	DET
dem-2898	137	36	dow	dow	PROPN
dem-2898	137	37	jones	jones	PROPN
dem-2898	137	38	industrial	industrial	PROPN
dem-2898	137	39	index	index	NOUN
dem-2898	137	40	during	during	ADP
dem-2898	137	41	the	the	DET
dem-2898	137	42	studied	studied	ADJ
dem-2898	137	43	period	period	NOUN
dem-2898	137	44	is	be	AUX
dem-2898	137	45	shown	show	VERB
dem-2898	137	46	in	in	ADP
dem-2898	137	47	figure	figure	NOUN
dem-2898	137	48	1	1	NUM
dem-2898	137	49	.	.	PUNCT
dem-2898	138	1	an	an	DET
dem-2898	138	2	arbitrary	arbitrary	ADJ
dem-2898	138	3	division	division	NOUN
dem-2898	138	4	of	of	ADP
dem-2898	138	5	the	the	DET
dem-2898	138	6	observation	observation	NOUN
dem-2898	138	7	set	set	VERB
dem-2898	138	8	into	into	ADP
dem-2898	138	9	two	two	NUM
dem-2898	138	10	subsets	subset	NOUN
dem-2898	138	11	related	relate	VERB
dem-2898	138	12	to	to	ADP
dem-2898	138	13	the	the	DET
dem-2898	138	14	period	period	NOUN
dem-2898	138	15	of	of	ADP
dem-2898	138	16	crisis	crisis	NOUN
dem-2898	138	17	(	(	PUNCT
dem-2898	138	18	high	high	ADJ
dem-2898	138	19	volatility	volatility	NOUN
dem-2898	138	20	of	of	ADP
dem-2898	138	21	rates	rate	NOUN
dem-2898	138	22	of	of	ADP
dem-2898	138	23	return	return	NOUN
dem-2898	138	24	)	)	PUNCT
dem-2898	138	25	and	and	CCONJ
dem-2898	138	26	the	the	DET
dem-2898	138	27	period	period	NOUN
dem-2898	138	28	of	of	ADP
dem-2898	138	29	tranquillity	tranquillity	NOUN
dem-2898	138	30	(	(	PUNCT
dem-2898	138	31	low	low	ADJ
dem-2898	138	32	volatility	volatility	NOUN
dem-2898	138	33	)	)	PUNCT
dem-2898	138	34	in	in	ADP
dem-2898	138	35	securities	security	NOUN
dem-2898	138	36	markets	market	NOUN
dem-2898	138	37	should	should	AUX
dem-2898	138	38	be	be	AUX
dem-2898	138	39	made	make	VERB
dem-2898	138	40	in	in	ADP
dem-2898	138	41	such	such	DET
dem-2898	138	42	a	a	DET
dem-2898	138	43	way	way	NOUN
dem-2898	138	44	that	that	PRON
dem-2898	138	45	the	the	DET
dem-2898	138	46	time	time	NOUN
dem-2898	138	47	of	of	ADP
dem-2898	138	48	tranquillity	tranquillity	NOUN
dem-2898	138	49	immediately	immediately	ADV
dem-2898	138	50	precedes	precede	VERB
dem-2898	138	51	the	the	DET
dem-2898	138	52	time	time	NOUN
dem-2898	138	53	of	of	ADP
dem-2898	138	54	crisis	crisis	NOUN
dem-2898	138	55	.	.	PUNCT
dem-2898	139	1	this	this	PRON
dem-2898	139	2	is	be	AUX
dem-2898	139	3	because	because	SCONJ
dem-2898	139	4	it	it	PRON
dem-2898	139	5	constitutes	constitute	VERB
dem-2898	139	6	a	a	DET
dem-2898	139	7	benchmark	benchmark	NOUN
dem-2898	139	8	for	for	ADP
dem-2898	139	9	comparisons	comparison	NOUN
dem-2898	139	10	.	.	PUNCT
dem-2898	140	1	quotations	quotation	NOUN
dem-2898	140	2	preceding	precede	VERB
dem-2898	140	3	,	,	PUNCT
dem-2898	140	4	for	for	ADP
dem-2898	140	5	example	example	NOUN
dem-2898	140	6	,	,	PUNCT
dem-2898	140	7	the	the	DET
dem-2898	140	8	collapse	collapse	NOUN
dem-2898	140	9	of	of	ADP
dem-2898	140	10	lehman	lehman	PROPN
dem-2898	140	11	brothers	brother	NOUN
dem-2898	140	12	,	,	PUNCT
dem-2898	140	13	hardly	hardly	ADV
dem-2898	140	14	represented	represent	VERB
dem-2898	140	15	a	a	DET
dem-2898	140	16	time	time	NOUN
dem-2898	140	17	of	of	ADP
dem-2898	140	18	tranquillity	tranquillity	NOUN
dem-2898	140	19	as	as	SCONJ
dem-2898	140	20	the	the	DET
dem-2898	140	21	dow	dow	PROPN
dem-2898	140	22	jones	jones	PROPN
dem-2898	140	23	industrial	industrial	PROPN
dem-2898	140	24	average	average	NOUN
dem-2898	140	25	had	have	AUX
dem-2898	140	26	already	already	ADV
dem-2898	140	27	been	be	AUX
dem-2898	140	28	declining	decline	VERB
dem-2898	140	29	for	for	ADP
dem-2898	140	30	some	some	DET
dem-2898	140	31	time	time	NOUN
dem-2898	140	32	and	and	CCONJ
dem-2898	140	33	the	the	DET
dem-2898	140	34	rate	rate	NOUN
dem-2898	140	35	of	of	ADP
dem-2898	140	36	return	return	NOUN
dem-2898	140	37	on	on	ADP
dem-2898	140	38	the	the	DET
dem-2898	140	39	index	index	NOUN
dem-2898	140	40	had	have	AUX
dem-2898	140	41	been	be	AUX
dem-2898	140	42	characterised	characterise	VERB
dem-2898	140	43	by	by	ADP
dem-2898	140	44	increased	increase	VERB
dem-2898	140	45	volatility	volatility	NOUN
dem-2898	140	46	.	.	PUNCT
dem-2898	141	1	therefore	therefore	ADV
dem-2898	141	2	,	,	PUNCT
dem-2898	141	3	it	it	PRON
dem-2898	141	4	was	be	AUX
dem-2898	141	5	decided	decide	VERB
dem-2898	141	6	that	that	SCONJ
dem-2898	141	7	the	the	DET
dem-2898	141	8	information	information	NOUN
dem-2898	141	9	about	about	ADP
dem-2898	141	10	the	the	DET
dem-2898	141	11	difficulties	difficulty	NOUN
dem-2898	141	12	related	relate	VERB
dem-2898	141	13	to	to	ADP
dem-2898	141	14	evaluating	evaluate	VERB
dem-2898	141	15	assets	asset	NOUN
dem-2898	141	16	which	which	PRON
dem-2898	141	17	was	be	AUX
dem-2898	141	18	announced	announce	VERB
dem-2898	141	19	by	by	ADP
dem-2898	141	20	the	the	DET
dem-2898	141	21	french	french	ADJ
dem-2898	141	22	bnp	bnp	PROPN
dem-2898	141	23	paribas	paribas	PROPN
dem-2898	141	24	would	would	AUX
dem-2898	141	25	be	be	AUX
dem-2898	141	26	used	use	VERB
dem-2898	141	27	when	when	SCONJ
dem-2898	141	28	dividing	divide	VERB
dem-2898	141	29	the	the	DET
dem-2898	141	30	set	set	NOUN
dem-2898	141	31	of	of	ADP
dem-2898	141	32	observations	observation	NOUN
dem-2898	141	33	.	.	PUNCT
dem-2898	142	1	on	on	ADP
dem-2898	142	2	9	9	NUM
dem-2898	142	3	august	august	PROPN
dem-2898	142	4	2007	2007	NUM
dem-2898	142	5	this	this	DET
dem-2898	142	6	bank	bank	NOUN
dem-2898	142	7	suspended	suspend	VERB
dem-2898	142	8	payments	payment	NOUN
dem-2898	142	9	from	from	ADP
dem-2898	142	10	three	three	NUM
dem-2898	142	11	funds	fund	NOUN
dem-2898	142	12	investing	invest	VERB
dem-2898	142	13	in	in	ADP
dem-2898	142	14	the	the	DET
dem-2898	142	15	market	market	NOUN
dem-2898	142	16	of	of	ADP
dem-2898	142	17	bonds	bond	NOUN
dem-2898	142	18	secured	secure	VERB
dem-2898	142	19	by	by	ADP
dem-2898	142	20	subprime	subprime	ADJ
dem-2898	142	21	mortgages	mortgage	NOUN
dem-2898	142	22	.	.	PUNCT
dem-2898	143	1	the	the	DET
dem-2898	143	2	period	period	NOUN
dem-2898	143	3	of	of	ADP
dem-2898	143	4	crisis	crisis	NOUN
dem-2898	143	5	was	be	AUX
dem-2898	143	6	extended	extend	VERB
dem-2898	143	7	beyond	beyond	ADP
dem-2898	143	8	the	the	DET
dem-2898	143	9	time	time	NOUN
dem-2898	143	10	when	when	SCONJ
dem-2898	143	11	securities	security	NOUN
dem-2898	143	12	were	be	AUX
dem-2898	143	13	trading	trade	VERB
dem-2898	143	14	at	at	ADP
dem-2898	143	15	the	the	DET
dem-2898	143	16	lowest	low	ADJ
dem-2898	143	17	level	level	NOUN
dem-2898	143	18	because	because	SCONJ
dem-2898	143	19	of	of	ADP
dem-2898	143	20	the	the	DET
dem-2898	143	21	increased	increase	VERB
dem-2898	143	22	volatility	volatility	NOUN
dem-2898	143	23	of	of	ADP
dem-2898	143	24	rates	rate	NOUN
dem-2898	143	25	of	of	ADP
dem-2898	143	26	return	return	NOUN
dem-2898	143	27	which	which	PRON
dem-2898	143	28	persisted	persist	VERB
dem-2898	143	29	until	until	ADP
dem-2898	143	30	the	the	DET
dem-2898	143	31	end	end	NOUN
dem-2898	143	32	of	of	ADP
dem-2898	143	33	july	july	PROPN
dem-2898	143	34	2009	2009	NUM
dem-2898	143	35	.	.	PUNCT
dem-2898	144	1	there	there	PRON
dem-2898	144	2	were	be	VERB
dem-2898	144	3	511	511	NUM
dem-2898	144	4	observations	observation	NOUN
dem-2898	144	5	for	for	ADP
dem-2898	144	6	the	the	DET
dem-2898	144	7	time	time	NOUN
dem-2898	144	8	of	of	ADP
dem-2898	144	9	crisis	crisis	NOUN
dem-2898	144	10	determined	determine	VERB
dem-2898	144	11	in	in	ADP
dem-2898	144	12	this	this	DET
dem-2898	144	13	way	way	NOUN
dem-2898	144	14	.	.	PUNCT
dem-2898	145	1	in	in	ADP
dem-2898	145	2	order	order	NOUN
dem-2898	145	3	to	to	PART
dem-2898	145	4	ensure	ensure	VERB
dem-2898	145	5	comparability	comparability	NOUN
dem-2898	145	6	of	of	ADP
dem-2898	145	7	results	result	NOUN
dem-2898	145	8	,	,	PUNCT
dem-2898	145	9	511	511	NUM
dem-2898	145	10	former	former	ADJ
dem-2898	145	11	observations	observation	NOUN
dem-2898	145	12	were	be	AUX
dem-2898	145	13	analysed	analyse	VERB
dem-2898	145	14	for	for	ADP
dem-2898	145	15	events	event	NOUN
dem-2898	145	16	contributing	contribute	VERB
dem-2898	145	17	to	to	ADP
dem-2898	145	18	6000	6000	NUM
dem-2898	145	19	7000	7000	NUM
dem-2898	145	20	8000	8000	NUM
dem-2898	145	21	9000	9000	NUM
dem-2898	145	22	10000	10000	NUM
dem-2898	145	23	11000	11000	NUM
dem-2898	145	24	12000	12000	NUM
dem-2898	145	25	13000	13000	NUM
dem-2898	145	26	14000	14000	NUM
dem-2898	145	27	15000	15000	NUM
dem-2898	145	28	20	20	NUM
dem-2898	145	29	05	05	NUM
dem-2898	145	30	-0	-0	SYM
dem-2898	145	31	817	817	NUM
dem-2898	145	32	20	20	NUM
dem-2898	145	33	05	05	NUM
dem-2898	145	34	-1	-1	SYM
dem-2898	145	35	117	117	NUM
dem-2898	145	36	20	20	NUM
dem-2898	145	37	06	06	NUM
dem-2898	145	38	-0	-0	SYM
dem-2898	145	39	217	217	NUM
dem-2898	145	40	20	20	NUM
dem-2898	145	41	06	06	NUM
dem-2898	145	42	-0	-0	SYM
dem-2898	145	43	517	517	NUM
dem-2898	145	44	20	20	NUM
dem-2898	145	45	06	06	NUM
dem-2898	145	46	-0	-0	SYM
dem-2898	145	47	817	817	NUM
dem-2898	145	48	20	20	NUM
dem-2898	145	49	06	06	NUM
dem-2898	145	50	-1	-1	SYM
dem-2898	145	51	117	117	NUM
dem-2898	145	52	20	20	NUM
dem-2898	145	53	07	07	NUM
dem-2898	145	54	-0	-0	SYM
dem-2898	145	55	217	217	NUM
dem-2898	145	56	20	20	NUM
dem-2898	145	57	07	07	NUM
dem-2898	145	58	-0	-0	SYM
dem-2898	145	59	517	517	NUM
dem-2898	145	60	20	20	NUM
dem-2898	145	61	07	07	NUM
dem-2898	145	62	-0	-0	SYM
dem-2898	145	63	817	817	NUM
dem-2898	145	64	20	20	NUM
dem-2898	145	65	07	07	NUM
dem-2898	145	66	-1	-1	SYM
dem-2898	145	67	117	117	NUM
dem-2898	145	68	20	20	NUM
dem-2898	145	69	08	08	NUM
dem-2898	145	70	-0	-0	SYM
dem-2898	145	71	217	217	NUM
dem-2898	145	72	20	20	NUM
dem-2898	145	73	08	08	NUM
dem-2898	145	74	-0	-0	SYM
dem-2898	146	1	517	517	NUM
dem-2898	146	2	20	20	NUM
dem-2898	146	3	08	08	NUM
dem-2898	146	4	-0	-0	NOUN
dem-2898	146	5	817	817	NUM
dem-2898	146	6	20	20	NUM
dem-2898	146	7	08	08	NUM
dem-2898	146	8	-1	-1	SYM
dem-2898	146	9	117	117	NUM
dem-2898	146	10	20	20	NUM
dem-2898	146	11	09	09	NUM
dem-2898	146	12	-0	-0	SYM
dem-2898	146	13	217	217	NUM
dem-2898	146	14	20	20	NUM
dem-2898	146	15	09	09	NUM
dem-2898	146	16	-0	-0	SYM
dem-2898	146	17	517	517	NUM
dem-2898	146	18	09	09	NUM
dem-2898	146	19	-	-	PUNCT
dem-2898	146	20	08	08	NUM
dem-2898	146	21	-	-	PUNCT
dem-2898	146	22	2007	2007	NUM
dem-2898	146	23	bnp	bnp	PROPN
dem-2898	146	24	paribas	paribas	PROPN
dem-2898	146	25	can	can	AUX
dem-2898	146	26	not	not	PART
dem-2898	146	27	determine	determine	VERB
dem-2898	146	28	security	security	NOUN
dem-2898	146	29	values	value	NOUN
dem-2898	146	30	march-2009	march-2009	ADJ
dem-2898	146	31	min	min	NOUN
dem-2898	146	32	on	on	ADP
dem-2898	146	33	the	the	DET
dem-2898	146	34	stock	stock	NOUN
dem-2898	146	35	31	31	NUM
dem-2898	146	36	-	-	SYM
dem-2898	146	37	07	07	NUM
dem-2898	146	38	-	-	PUNCT
dem-2898	146	39	2009	2009	NUM
dem-2898	146	40	end	end	NOUN
dem-2898	146	41	of	of	ADP
dem-2898	146	42	the	the	DET
dem-2898	146	43	sample	sample	NOUN
dem-2898	146	44	15	15	NUM
dem-2898	146	45	-	-	SYM
dem-2898	146	46	09	09	NUM
dem-2898	146	47	-	-	PUNCT
dem-2898	146	48	2008	2008	NUM
dem-2898	146	49	bankruptcy	bankruptcy	NOUN
dem-2898	146	50	of	of	ADP
dem-2898	146	51	the	the	DET
dem-2898	146	52	bank	bank	NOUN
dem-2898	146	53	lehman	lehman	PROPN
dem-2898	146	54	brothers	brother	NOUN
dem-2898	146	55	17	17	NUM
dem-2898	146	56	-	-	SYM
dem-2898	146	57	08	08	NUM
dem-2898	146	58	-	-	SYM
dem-2898	146	59	2005	2005	NUM
dem-2898	146	60	the	the	DET
dem-2898	146	61	beginning	beginning	NOUN
dem-2898	146	62	of	of	ADP
dem-2898	146	63	the	the	DET
dem-2898	146	64	sample	sample	NOUN
dem-2898	147	1	-6	-6	INTJ
dem-2898	147	2	-4	-4	INTJ
dem-2898	148	1	-2	-2	NOUN
dem-2898	148	2	0	0	NUM
dem-2898	148	3	2	2	NUM
dem-2898	148	4	4	4	NUM
dem-2898	148	5	6	6	NUM
dem-2898	148	6	05	05	NUM
dem-2898	148	7	06	06	NUM
dem-2898	148	8	07	07	NUM
dem-2898	148	9	08	08	NUM
dem-2898	148	10	09	09	NUM
dem-2898	148	11	milda	milda	PROPN
dem-2898	148	12	maria	maria	PROPN
dem-2898	148	13	burzała	burzała	PROPN
dem-2898	148	14	dynamic	dynamic	ADJ
dem-2898	148	15	econometric	econometric	ADJ
dem-2898	148	16	models	model	NOUN
dem-2898	148	17	13	13	NUM
dem-2898	148	18	(	(	PUNCT
dem-2898	148	19	2013	2013	NUM
dem-2898	148	20	)	)	PUNCT
dem-2898	148	21	69–85	69–85	NUM
dem-2898	148	22	76	76	NUM
dem-2898	148	23	financial	financial	ADJ
dem-2898	148	24	turmoil	turmoil	NOUN
dem-2898	148	25	.	.	PUNCT
dem-2898	149	1	it	it	PRON
dem-2898	149	2	was	be	AUX
dem-2898	149	3	a	a	DET
dem-2898	149	4	time	time	NOUN
dem-2898	149	5	of	of	ADP
dem-2898	149	6	rising	rise	VERB
dem-2898	149	7	asset	asset	NOUN
dem-2898	149	8	prices	price	NOUN
dem-2898	149	9	,	,	PUNCT
dem-2898	149	10	with	with	ADP
dem-2898	149	11	minor	minor	ADJ
dem-2898	149	12	adjustments	adjustment	NOUN
dem-2898	149	13	,	,	PUNCT
dem-2898	149	14	which	which	PRON
dem-2898	149	15	is	be	AUX
dem-2898	149	16	why	why	SCONJ
dem-2898	149	17	it	it	PRON
dem-2898	149	18	has	have	AUX
dem-2898	149	19	been	be	AUX
dem-2898	149	20	assumed	assume	VERB
dem-2898	149	21	to	to	PART
dem-2898	149	22	be	be	AUX
dem-2898	149	23	a	a	DET
dem-2898	149	24	period	period	NOUN
dem-2898	149	25	of	of	ADP
dem-2898	149	26	tranquillity	tranquillity	NOUN
dem-2898	149	27	on	on	ADP
dem-2898	149	28	the	the	DET
dem-2898	149	29	stock	stock	NOUN
dem-2898	149	30	exchange	exchange	NOUN
dem-2898	149	31	.	.	PUNCT
dem-2898	150	1	4	4	X
dem-2898	150	2	.	.	X
dem-2898	150	3	research	research	NOUN
dem-2898	150	4	results	result	VERB
dem-2898	150	5	the	the	DET
dem-2898	150	6	estimation	estimation	NOUN
dem-2898	150	7	of	of	ADP
dem-2898	150	8	a	a	DET
dem-2898	150	9	model	model	NOUN
dem-2898	150	10	of	of	ADP
dem-2898	150	11	dynamic	dynamic	ADJ
dem-2898	150	12	conditional	conditional	ADJ
dem-2898	150	13	correlations	correlation	NOUN
dem-2898	150	14	should	should	AUX
dem-2898	150	15	be	be	AUX
dem-2898	150	16	preceded	precede	VERB
dem-2898	150	17	by	by	ADP
dem-2898	150	18	a	a	DET
dem-2898	150	19	test	test	NOUN
dem-2898	150	20	justifying	justify	VERB
dem-2898	150	21	their	their	PRON
dem-2898	150	22	use	use	NOUN
dem-2898	150	23	.	.	PUNCT
dem-2898	151	1	the	the	DET
dem-2898	151	2	results	result	NOUN
dem-2898	151	3	of	of	ADP
dem-2898	151	4	such	such	ADJ
dem-2898	151	5	tests	test	NOUN
dem-2898	151	6	depend	depend	VERB
dem-2898	151	7	on	on	ADP
dem-2898	151	8	the	the	DET
dem-2898	151	9	adopted	adopt	VERB
dem-2898	151	10	specification	specification	NOUN
dem-2898	151	11	of	of	ADP
dem-2898	151	12	volatility	volatility	NOUN
dem-2898	151	13	models	model	NOUN
dem-2898	151	14	.	.	PUNCT
dem-2898	152	1	therefore	therefore	ADV
dem-2898	152	2	,	,	PUNCT
dem-2898	152	3	two	two	NUM
dem-2898	152	4	tests	test	NOUN
dem-2898	152	5	were	be	AUX
dem-2898	152	6	used	use	VERB
dem-2898	152	7	in	in	ADP
dem-2898	152	8	the	the	DET
dem-2898	152	9	research	research	NOUN
dem-2898	152	10	,	,	PUNCT
dem-2898	152	11	i.e.	i.e.	X
dem-2898	152	12	the	the	DET
dem-2898	152	13	tse	tse	PROPN
dem-2898	152	14	test	test	NOUN
dem-2898	152	15	(	(	PUNCT
dem-2898	152	16	2000	2000	NUM
dem-2898	152	17	)	)	PUNCT
dem-2898	152	18	as	as	ADV
dem-2898	152	19	well	well	ADV
dem-2898	152	20	as	as	ADP
dem-2898	152	21	engle	engle	NOUN
dem-2898	152	22	and	and	CCONJ
dem-2898	152	23	sheppard	sheppard	PROPN
dem-2898	152	24	test	test	NOUN
dem-2898	152	25	(	(	PUNCT
dem-2898	152	26	2001	2001	NUM
dem-2898	152	27	)	)	PUNCT
dem-2898	152	28	in	in	ADP
dem-2898	152	29	two	two	NUM
dem-2898	152	30	versions	version	NOUN
dem-2898	152	31	with	with	ADP
dem-2898	152	32	delays	delay	NOUN
dem-2898	152	33	p=5	p=5	PROPN
dem-2898	152	34	and	and	CCONJ
dem-2898	152	35	p=10	p=10	NOUN
dem-2898	152	36	.	.	PUNCT
dem-2898	153	1	for	for	ADP
dem-2898	153	2	all	all	DET
dem-2898	153	3	indices	index	NOUN
dem-2898	153	4	at	at	ADP
dem-2898	153	5	least	least	ADV
dem-2898	153	6	one	one	NUM
dem-2898	153	7	test	test	NOUN
dem-2898	153	8	indicated	indicate	VERB
dem-2898	153	9	the	the	DET
dem-2898	153	10	reasonableness	reasonableness	NOUN
dem-2898	153	11	of	of	ADP
dem-2898	153	12	constructing	construct	VERB
dem-2898	153	13	a	a	DET
dem-2898	153	14	dynamic	dynamic	ADJ
dem-2898	153	15	conditional	conditional	ADJ
dem-2898	153	16	correlation	correlation	NOUN
dem-2898	153	17	model8	model8	PROPN
dem-2898	153	18	.	.	PUNCT
dem-2898	154	1	a	a	DET
dem-2898	154	2	significant	significant	ADJ
dem-2898	154	3	increase	increase	NOUN
dem-2898	154	4	of	of	ADP
dem-2898	154	5	correlations	correlation	NOUN
dem-2898	154	6	in	in	ADP
dem-2898	154	7	the	the	DET
dem-2898	154	8	time	time	NOUN
dem-2898	154	9	of	of	ADP
dem-2898	154	10	crisis	crisis	NOUN
dem-2898	154	11	confirms	confirm	VERB
dem-2898	154	12	the	the	DET
dem-2898	154	13	occurrence	occurrence	NOUN
dem-2898	154	14	of	of	ADP
dem-2898	154	15	the	the	DET
dem-2898	154	16	process	process	NOUN
dem-2898	154	17	of	of	ADP
dem-2898	154	18	market	market	NOUN
dem-2898	154	19	contagion	contagion	NOUN
dem-2898	154	20	.	.	PUNCT
dem-2898	155	1	forbes	forbes	PROPN
dem-2898	155	2	and	and	CCONJ
dem-2898	155	3	rigobon	rigobon	PROPN
dem-2898	155	4	(	(	PUNCT
dem-2898	155	5	2002	2002	NUM
dem-2898	155	6	)	)	PUNCT
dem-2898	155	7	propose	propose	VERB
dem-2898	155	8	using	use	VERB
dem-2898	155	9	fisher	fisher	PROPN
dem-2898	155	10	’s	’s	PART
dem-2898	155	11	transformation	transformation	NOUN
dem-2898	155	12	of	of	ADP
dem-2898	155	13	correlation	correlation	NOUN
dem-2898	155	14	coefficients	coefficient	NOUN
dem-2898	155	15	while	while	SCONJ
dem-2898	155	16	testing	test	VERB
dem-2898	155	17	the	the	DET
dem-2898	155	18	significance	significance	NOUN
dem-2898	155	19	of	of	ADP
dem-2898	155	20	change	change	NOUN
dem-2898	155	21	in	in	ADP
dem-2898	155	22	correlation	correlation	NOUN
dem-2898	155	23	between	between	ADP
dem-2898	155	24	rates	rate	NOUN
dem-2898	155	25	of	of	ADP
dem-2898	155	26	return	return	NOUN
dem-2898	155	27	.	.	PUNCT
dem-2898	156	1	after	after	ADP
dem-2898	156	2	fisher	fisher	PROPN
dem-2898	156	3	’s	’s	PART
dem-2898	156	4	transformation	transformation	NOUN
dem-2898	156	5	,	,	PUNCT
dem-2898	156	6	the	the	DET
dem-2898	156	7	sample	sample	NOUN
dem-2898	156	8	correlation	correlation	NOUN
dem-2898	156	9	coefficient	coefficient	NOUN
dem-2898	156	10	can	can	AUX
dem-2898	156	11	be	be	AUX
dem-2898	156	12	treated	treat	VERB
dem-2898	156	13	as	as	ADP
dem-2898	156	14	the	the	DET
dem-2898	156	15	realization	realization	NOUN
dem-2898	156	16	of	of	ADP
dem-2898	156	17	a	a	DET
dem-2898	156	18	random	random	ADJ
dem-2898	156	19	variable	variable	NOUN
dem-2898	156	20	with	with	ADP
dem-2898	156	21	a	a	DET
dem-2898	156	22	normal	normal	ADJ
dem-2898	156	23	distribution	distribution	NOUN
dem-2898	156	24	with	with	ADP
dem-2898	156	25	the	the	DET
dem-2898	156	26	expected	expect	VERB
dem-2898	156	27	value	value	NOUN
dem-2898	156	28	of	of	ADP
dem-2898	156	29	ˆ1	ˆ1	NOUN
dem-2898	156	30	1	1	NUM
dem-2898	156	31	(	(	PUNCT
dem-2898	156	32	)	)	PUNCT
dem-2898	156	33	ln	ln	ADV
dem-2898	156	34	ˆ2	ˆ2	NOUN
dem-2898	156	35	1	1	NUM
dem-2898	156	36	e	e	NOUN
dem-2898	156	37	ρρ	ρρ	NOUN
dem-2898	156	38	ρ	ρ	PROPN
dem-2898	156	39	+	+	PROPN
dem-2898	157	1	=	=	SYM
dem-2898	157	2	−	−	PROPN
dem-2898	157	3	,	,	PUNCT
dem-2898	157	4	where	where	SCONJ
dem-2898	157	5	ρ̂	ρ̂	NUM
dem-2898	157	6	is	be	AUX
dem-2898	157	7	the	the	DET
dem-2898	157	8	estimated	estimate	VERB
dem-2898	157	9	correlation	correlation	NOUN
dem-2898	157	10	coefficient	coefficient	NOUN
dem-2898	157	11	.	.	PUNCT
dem-2898	158	1	the	the	DET
dem-2898	158	2	variance	variance	NOUN
dem-2898	158	3	of	of	ADP
dem-2898	158	4	this	this	DET
dem-2898	158	5	variable	variable	NOUN
dem-2898	158	6	is	be	AUX
dem-2898	158	7	1	1	NUM
dem-2898	158	8	(	(	PUNCT
dem-2898	158	9	)	)	PUNCT
dem-2898	158	10	3	3	NUM
dem-2898	158	11	var	var	NOUN
dem-2898	158	12	t	t	PROPN
dem-2898	158	13	ρ	ρ	PROPN
dem-2898	158	14	=	=	SYM
dem-2898	158	15	−	−	PROPN
dem-2898	158	16	.	.	PUNCT
dem-2898	159	1	the	the	DET
dem-2898	159	2	null	null	ADJ
dem-2898	159	3	hypothesis	hypothesis	NOUN
dem-2898	159	4	0	0	NUM
dem-2898	159	5	:	:	PUNCT
dem-2898	160	1	k	k	PROPN
dem-2898	160	2	sh	sh	PROPN
dem-2898	160	3	ρ	ρ	PROPN
dem-2898	160	4	ρ≤	ρ≤	PROPN
dem-2898	160	5	is	be	AUX
dem-2898	160	6	tested	test	VERB
dem-2898	160	7	against	against	ADP
dem-2898	160	8	an	an	DET
dem-2898	160	9	alternative	alternative	ADJ
dem-2898	160	10	hypothesis	hypothesis	NOUN
dem-2898	160	11	,	,	PUNCT
dem-2898	160	12	i.e.	i.e.	X
dem-2898	160	13	1	1	NUM
dem-2898	160	14	:	:	PUNCT
dem-2898	160	15	k	k	PROPN
dem-2898	160	16	sh	sh	PROPN
dem-2898	160	17	ρ	ρ	PROPN
dem-2898	160	18	ρ	ρ	PROPN
dem-2898	160	19	>	>	X
dem-2898	160	20	(	(	PUNCT
dem-2898	160	21	index	index	NOUN
dem-2898	160	22	s	s	PART
dem-2898	160	23	means	mean	VERB
dem-2898	160	24	the	the	DET
dem-2898	160	25	tranquility	tranquility	NOUN
dem-2898	160	26	period	period	NOUN
dem-2898	160	27	,	,	PUNCT
dem-2898	160	28	k	k	PROPN
dem-2898	160	29	the	the	DET
dem-2898	160	30	time	time	NOUN
dem-2898	160	31	of	of	ADP
dem-2898	160	32	potential	potential	ADJ
dem-2898	160	33	market	market	NOUN
dem-2898	160	34	contagion	contagion	NOUN
dem-2898	160	35	)	)	PUNCT
dem-2898	160	36	.	.	PUNCT
dem-2898	161	1	the	the	DET
dem-2898	161	2	empirical	empirical	ADJ
dem-2898	161	3	statistic	statistic	NOUN
dem-2898	161	4	in	in	ADP
dem-2898	161	5	the	the	DET
dem-2898	161	6	test	test	NOUN
dem-2898	161	7	for	for	ADP
dem-2898	161	8	two	two	NUM
dem-2898	161	9	expected	expect	VERB
dem-2898	161	10	values	value	NOUN
dem-2898	161	11	is	be	AUX
dem-2898	161	12	as	as	SCONJ
dem-2898	161	13	follows	follow	VERB
dem-2898	161	14	:	:	PUNCT
dem-2898	162	1	ˆ	ˆ	DET
dem-2898	162	2	ˆ1	ˆ1	NOUN
dem-2898	162	3	10,5ln	10,5ln	NUM
dem-2898	162	4	0,5ln	0,5ln	NUM
dem-2898	162	5	ˆ	ˆ	ADJ
dem-2898	162	6	ˆ1	ˆ1	NOUN
dem-2898	162	7	1	1	NUM
dem-2898	162	8	.	.	NOUN
dem-2898	162	9	1	1	NUM
dem-2898	162	10	1	1	NUM
dem-2898	162	11	3	3	NUM
dem-2898	162	12	3	3	NUM
dem-2898	162	13	k	k	NOUN
dem-2898	162	14	s	s	AUX
dem-2898	162	15	k	k	PROPN
dem-2898	162	16	s	s	X
dem-2898	162	17	k	k	NOUN
dem-2898	162	18	s	s	X
dem-2898	162	19	fr	fr	INTJ
dem-2898	162	20	t	t	PROPN
dem-2898	162	21	t	t	PROPN
dem-2898	162	22	ρ	ρ	PROPN
dem-2898	162	23	ρ	ρ	PROPN
dem-2898	162	24	ρ	ρ	PROPN
dem-2898	162	25	ρ	ρ	NOUN
dem-2898	162	26	⎛	⎛	NOUN
dem-2898	162	27	⎞	⎞	PROPN
dem-2898	162	28	⎛	⎛	NOUN
dem-2898	162	29	⎞+	⎞+	NOUN
dem-2898	162	30	+	+	CCONJ
dem-2898	162	31	−⎜	−⎜	PROPN
dem-2898	162	32	⎟	⎟	PROPN
dem-2898	162	33	⎜	⎜	PROPN
dem-2898	162	34	⎟−	⎟−	PROPN
dem-2898	162	35	−⎝	−⎝	NOUN
dem-2898	162	36	⎠	⎠	NOUN
dem-2898	162	37	⎝	⎝	PUNCT
dem-2898	162	38	⎠=	⎠=	NOUN
dem-2898	162	39	+	+	CCONJ
dem-2898	162	40	−	−	PROPN
dem-2898	162	41	−	−	PROPN
dem-2898	162	42	(	(	PUNCT
dem-2898	162	43	13	13	NUM
dem-2898	162	44	)	)	PUNCT
dem-2898	162	45	the	the	DET
dem-2898	162	46	fr	fr	NOUN
dem-2898	162	47	-	-	PUNCT
dem-2898	162	48	statistic	statistic	NOUN
dem-2898	162	49	have	have	VERB
dem-2898	162	50	a	a	DET
dem-2898	162	51	normal	normal	ADJ
dem-2898	162	52	distribution	distribution	NOUN
dem-2898	162	53	n(0,1	n(0,1	NOUN
dem-2898	162	54	)	)	PUNCT
dem-2898	162	55	and	and	CCONJ
dem-2898	162	56	even	even	ADV
dem-2898	162	57	if	if	SCONJ
dem-2898	162	58	the	the	DET
dem-2898	162	59	sample	sample	NOUN
dem-2898	162	60	is	be	AUX
dem-2898	162	61	small	small	ADJ
dem-2898	162	62	it	it	PRON
dem-2898	162	63	allows	allow	VERB
dem-2898	162	64	one	one	PRON
dem-2898	162	65	to	to	PART
dem-2898	162	66	use	use	VERB
dem-2898	162	67	the	the	DET
dem-2898	162	68	critical	critical	ADJ
dem-2898	162	69	values	value	NOUN
dem-2898	162	70	of	of	ADP
dem-2898	162	71	a	a	DET
dem-2898	162	72	standard	standard	ADJ
dem-2898	162	73	normal	normal	ADJ
dem-2898	162	74	distribution	distribution	NOUN
dem-2898	162	75	.	.	PUNCT
dem-2898	163	1	8	8	NUM
dem-2898	163	2	calculations	calculation	NOUN
dem-2898	163	3	were	be	AUX
dem-2898	163	4	carried	carry	VERB
dem-2898	163	5	out	out	ADP
dem-2898	163	6	by	by	ADP
dem-2898	163	7	using	use	VERB
dem-2898	163	8	the	the	DET
dem-2898	163	9	oxmetrics	oxmetric	NOUN
dem-2898	163	10	6.10	6.10	NUM
dem-2898	163	11	program	program	NOUN
dem-2898	163	12	.	.	PUNCT
dem-2898	164	1	determination	determination	NOUN
dem-2898	164	2	of	of	ADP
dem-2898	164	3	the	the	DET
dem-2898	164	4	time	time	NOUN
dem-2898	164	5	of	of	ADP
dem-2898	164	6	contagion	contagion	NOUN
dem-2898	164	7	in	in	ADP
dem-2898	164	8	capital	capital	NOUN
dem-2898	164	9	markets	market	NOUN
dem-2898	164	10	...	...	PUNCT
dem-2898	165	1	dynamic	dynamic	ADJ
dem-2898	165	2	econometric	econometric	ADJ
dem-2898	165	3	models	model	NOUN
dem-2898	165	4	13	13	NUM
dem-2898	165	5	(	(	PUNCT
dem-2898	165	6	2013	2013	NUM
dem-2898	165	7	)	)	PUNCT
dem-2898	165	8	69–85	69–85	NUM
dem-2898	165	9	77	77	NUM
dem-2898	165	10	the	the	DET
dem-2898	165	11	parameters	parameter	NOUN
dem-2898	165	12	of	of	ADP
dem-2898	165	13	the	the	DET
dem-2898	165	14	gjr	gjr	NOUN
dem-2898	165	15	-	-	PUNCT
dem-2898	165	16	garch(1,1	garch(1,1	NOUN
dem-2898	165	17	)	)	PUNCT
dem-2898	165	18	model	model	NOUN
dem-2898	165	19	are	be	AUX
dem-2898	165	20	presented	present	VERB
dem-2898	165	21	in	in	ADP
dem-2898	165	22	the	the	DET
dem-2898	165	23	upper	upper	ADJ
dem-2898	165	24	part	part	NOUN
dem-2898	165	25	of	of	ADP
dem-2898	165	26	table	table	NOUN
dem-2898	165	27	1	1	NUM
dem-2898	165	28	.	.	PUNCT
dem-2898	166	1	let	let	VERB
dem-2898	166	2	us	we	PRON
dem-2898	166	3	remember	remember	VERB
dem-2898	166	4	that	that	SCONJ
dem-2898	166	5	the	the	DET
dem-2898	166	6	models	model	NOUN
dem-2898	166	7	were	be	AUX
dem-2898	166	8	estimated	estimate	VERB
dem-2898	166	9	on	on	ADP
dem-2898	166	10	the	the	DET
dem-2898	166	11	basis	basis	NOUN
dem-2898	166	12	of	of	ADP
dem-2898	166	13	residuals	residual	NOUN
dem-2898	166	14	from	from	ADP
dem-2898	166	15	model	model	NOUN
dem-2898	166	16	var(1	var(1	PROPN
dem-2898	166	17	)	)	PUNCT
dem-2898	166	18	.	.	PUNCT
dem-2898	167	1	therefore	therefore	ADV
dem-2898	167	2	,	,	PUNCT
dem-2898	167	3	a	a	DET
dem-2898	167	4	slightly	slightly	ADV
dem-2898	167	5	different	different	ADJ
dem-2898	167	6	model	model	NOUN
dem-2898	167	7	for	for	ADP
dem-2898	167	8	the	the	DET
dem-2898	167	9	djia	djia	PROPN
dem-2898	167	10	index	index	NOUN
dem-2898	167	11	was	be	AUX
dem-2898	167	12	connected	connect	VERB
dem-2898	167	13	with	with	ADP
dem-2898	167	14	each	each	DET
dem-2898	167	15	index	index	NOUN
dem-2898	167	16	.	.	PUNCT
dem-2898	168	1	in	in	ADP
dem-2898	168	2	all	all	DET
dem-2898	168	3	the	the	DET
dem-2898	168	4	volatility	volatility	NOUN
dem-2898	168	5	models	model	NOUN
dem-2898	168	6	for	for	ADP
dem-2898	168	7	the	the	DET
dem-2898	168	8	djia	djia	PROPN
dem-2898	168	9	index	index	PROPN
dem-2898	168	10	,	,	PUNCT
dem-2898	168	11	the	the	DET
dem-2898	168	12	alfa	alfa	NOUN
dem-2898	168	13	parameter	parameter	NOUN
dem-2898	168	14	which	which	PRON
dem-2898	168	15	describes	describe	VERB
dem-2898	168	16	the	the	DET
dem-2898	168	17	impact	impact	NOUN
dem-2898	168	18	of	of	ADP
dem-2898	168	19	positive	positive	ADJ
dem-2898	168	20	residual	residual	ADJ
dem-2898	168	21	impulses	impulse	NOUN
dem-2898	168	22	was	be	AUX
dem-2898	168	23	insignificant	insignificant	ADJ
dem-2898	168	24	.	.	PUNCT
dem-2898	169	1	in	in	ADP
dem-2898	169	2	the	the	DET
dem-2898	169	3	models	model	NOUN
dem-2898	169	4	for	for	ADP
dem-2898	169	5	the	the	DET
dem-2898	169	6	european	european	ADJ
dem-2898	169	7	indices	index	NOUN
dem-2898	169	8	,	,	PUNCT
dem-2898	169	9	the	the	DET
dem-2898	169	10	alfa	alfa	NOUN
dem-2898	169	11	parameter	parameter	NOUN
dem-2898	169	12	was	be	AUX
dem-2898	169	13	only	only	ADV
dem-2898	169	14	significant	significant	ADJ
dem-2898	169	15	for	for	ADP
dem-2898	169	16	the	the	DET
dem-2898	169	17	greek	greek	NOUN
dem-2898	169	18	(	(	PUNCT
dem-2898	169	19	ath	ath	NOUN
dem-2898	169	20	)	)	PUNCT
dem-2898	169	21	,	,	PUNCT
dem-2898	169	22	the	the	DET
dem-2898	169	23	hungarian	hungarian	ADJ
dem-2898	169	24	(	(	PUNCT
dem-2898	169	25	bux	bux	PROPN
dem-2898	169	26	)	)	PUNCT
dem-2898	169	27	and	and	CCONJ
dem-2898	169	28	the	the	DET
dem-2898	169	29	polish	polish	NOUN
dem-2898	169	30	(	(	PUNCT
dem-2898	169	31	wig20	wig20	PROPN
dem-2898	169	32	)	)	PUNCT
dem-2898	169	33	indices	index	NOUN
dem-2898	169	34	.	.	PUNCT
dem-2898	170	1	the	the	DET
dem-2898	170	2	parameters	parameter	NOUN
dem-2898	170	3	that	that	PRON
dem-2898	170	4	were	be	AUX
dem-2898	170	5	significant	significant	ADJ
dem-2898	170	6	were	be	AUX
dem-2898	170	7	beta	beta	ADJ
dem-2898	170	8	and	and	CCONJ
dem-2898	170	9	gamma	gamma	NOUN
dem-2898	170	10	which	which	PRON
dem-2898	170	11	describe	describe	VERB
dem-2898	170	12	the	the	DET
dem-2898	170	13	impact	impact	NOUN
dem-2898	170	14	of	of	ADP
dem-2898	170	15	past	past	ADJ
dem-2898	170	16	variance	variance	NOUN
dem-2898	170	17	as	as	ADV
dem-2898	170	18	well	well	ADV
dem-2898	170	19	as	as	ADP
dem-2898	170	20	the	the	DET
dem-2898	170	21	leverage	leverage	NOUN
dem-2898	170	22	effect	effect	NOUN
dem-2898	170	23	(	(	PUNCT
dem-2898	170	24	an	an	DET
dem-2898	170	25	additional	additional	ADJ
dem-2898	170	26	impact	impact	NOUN
dem-2898	170	27	of	of	ADP
dem-2898	170	28	negative	negative	ADJ
dem-2898	170	29	information	information	NOUN
dem-2898	170	30	reaching	reach	VERB
dem-2898	170	31	the	the	DET
dem-2898	170	32	market	market	NOUN
dem-2898	170	33	)	)	PUNCT
dem-2898	170	34	.	.	PUNCT
dem-2898	171	1	the	the	DET
dem-2898	171	2	model	model	NOUN
dem-2898	171	3	’s	’s	PART
dem-2898	171	4	assumptions	assumption	NOUN
dem-2898	171	5	require	require	VERB
dem-2898	171	6	that	that	SCONJ
dem-2898	171	7	the	the	DET
dem-2898	171	8	alfa	alfa	NOUN
dem-2898	171	9	parameter	parameter	NOUN
dem-2898	171	10	be	be	AUX
dem-2898	171	11	significantly	significantly	ADV
dem-2898	171	12	greater	great	ADJ
dem-2898	171	13	than	than	ADP
dem-2898	171	14	zero	zero	NUM
dem-2898	171	15	.	.	PUNCT
dem-2898	172	1	thus	thus	ADV
dem-2898	172	2	,	,	PUNCT
dem-2898	172	3	in	in	ADP
dem-2898	172	4	order	order	NOUN
dem-2898	172	5	to	to	PART
dem-2898	172	6	standardise	standardise	VERB
dem-2898	172	7	the	the	DET
dem-2898	172	8	residuals	residual	NOUN
dem-2898	172	9	from	from	ADP
dem-2898	172	10	model	model	NOUN
dem-2898	172	11	var(1	var(1	PROPN
dem-2898	172	12	)	)	PUNCT
dem-2898	172	13	,	,	PUNCT
dem-2898	172	14	it	it	PRON
dem-2898	172	15	was	be	AUX
dem-2898	172	16	finally	finally	ADV
dem-2898	172	17	the	the	DET
dem-2898	172	18	garch(1,1	garch(1,1	NOUN
dem-2898	172	19	)	)	PUNCT
dem-2898	172	20	models	model	NOUN
dem-2898	172	21	that	that	PRON
dem-2898	172	22	were	be	AUX
dem-2898	172	23	used9	used9	ADJ
dem-2898	172	24	:	:	PUNCT
dem-2898	172	25	,	,	PUNCT
dem-2898	172	26	,	,	PUNCT
dem-2898	172	27	...	...	PUNCT
dem-2898	172	28	1	1	NUM
dem-2898	172	29	,	,	PUNCT
dem-2898	172	30	1	1	NUM
dem-2898	172	31	1	1	NUM
dem-2898	172	32	,	,	PUNCT
dem-2898	172	33	2	2	NUM
dem-2898	172	34	,	,	PUNCT
dem-2898	172	35	,	,	PUNCT
dem-2898	172	36	nihch	nihch	PROPN
dem-2898	172	37	q	q	PROPN
dem-2898	173	1	j	j	PROPN
dem-2898	173	2	p	p	X
dem-2898	173	3	j	j	PROPN
dem-2898	173	4	jtiiijjtiijitij	jtiiijjtiijitij	ADV
dem-2898	173	5	=	=	PROPN
dem-2898	173	6	+	+	PROPN
dem-2898	173	7	+	+	NOUN
dem-2898	173	8	=	=	X
dem-2898	173	9	∑	∑	PUNCT
dem-2898	173	10	∑	∑	PUNCT
dem-2898	173	11	=	=	PUNCT
dem-2898	173	12	=	=	PUNCT
dem-2898	173	13	−−	−−	NOUN
dem-2898	173	14	βεα	βεα	NOUN
dem-2898	173	15	(	(	PUNCT
dem-2898	173	16	14	14	NUM
dem-2898	173	17	)	)	PUNCT
dem-2898	173	18	where	where	SCONJ
dem-2898	173	19	1	1	NUM
dem-2898	173	20	1	1	NUM
dem-2898	173	21	1	1	NUM
dem-2898	174	1	q	q	NOUN
dem-2898	174	2	p	p	X
dem-2898	174	3	ij	ij	INTJ
dem-2898	174	4	ij	ij	INTJ
dem-2898	174	5	j	j	PROPN
dem-2898	174	6	j	j	PROPN
dem-2898	174	7	α	α	X
dem-2898	174	8	β	β	X
dem-2898	174	9	=	=	PUNCT
dem-2898	174	10	=	=	PUNCT
dem-2898	175	1	+	+	NUM
dem-2898	175	2	<	<	X
dem-2898	175	3	∑	∑	PROPN
dem-2898	175	4	∑	∑	INTJ
dem-2898	175	5	,	,	PUNCT
dem-2898	175	6	.0,0,0	.0,0,0	NOUN
dem-2898	176	1	≥≥	≥≥	PUNCT
dem-2898	176	2	>	>	X
dem-2898	176	3	ijijic	ijijic	NOUN
dem-2898	176	4	βα	βα	X
dem-2898	176	5	this	this	DET
dem-2898	176	6	time	time	NOUN
dem-2898	176	7	the	the	DET
dem-2898	176	8	obtained	obtain	VERB
dem-2898	176	9	parameter	parameter	NOUN
dem-2898	176	10	estimates	estimate	NOUN
dem-2898	176	11	meet	meet	VERB
dem-2898	176	12	the	the	DET
dem-2898	176	13	models	model	NOUN
dem-2898	176	14	’	'	PUNCT
dem-2898	176	15	assumptions	assumption	NOUN
dem-2898	176	16	;	;	PUNCT
dem-2898	176	17	the	the	DET
dem-2898	176	18	arch	arch	ADJ
dem-2898	176	19	effect	effect	NOUN
dem-2898	176	20	is	be	AUX
dem-2898	176	21	significant	significant	ADJ
dem-2898	176	22	in	in	ADP
dem-2898	176	23	all	all	PRON
dem-2898	176	24	of	of	ADP
dem-2898	176	25	the	the	DET
dem-2898	176	26	models	model	NOUN
dem-2898	176	27	(	(	PUNCT
dem-2898	176	28	the	the	DET
dem-2898	176	29	lower	low	ADJ
dem-2898	176	30	part	part	NOUN
dem-2898	176	31	of	of	ADP
dem-2898	176	32	table	table	NOUN
dem-2898	176	33	1	1	NUM
dem-2898	176	34	)	)	PUNCT
dem-2898	176	35	.	.	PUNCT
dem-2898	177	1	this	this	PRON
dem-2898	177	2	means	mean	VERB
dem-2898	177	3	that	that	SCONJ
dem-2898	177	4	the	the	DET
dem-2898	177	5	impact	impact	NOUN
dem-2898	177	6	of	of	ADP
dem-2898	177	7	negative	negative	ADJ
dem-2898	177	8	information	information	NOUN
dem-2898	177	9	on	on	ADP
dem-2898	177	10	many	many	ADJ
dem-2898	177	11	markets	market	NOUN
dem-2898	177	12	was	be	AUX
dem-2898	177	13	considerably	considerably	ADV
dem-2898	177	14	stronger	strong	ADJ
dem-2898	177	15	than	than	ADP
dem-2898	177	16	the	the	DET
dem-2898	177	17	impact	impact	NOUN
dem-2898	177	18	of	of	ADP
dem-2898	177	19	positive	positive	ADJ
dem-2898	177	20	information	information	NOUN
dem-2898	177	21	.	.	PUNCT
dem-2898	178	1	such	such	ADJ
dem-2898	178	2	markets	market	NOUN
dem-2898	178	3	could	could	AUX
dem-2898	178	4	be	be	AUX
dem-2898	178	5	identified	identify	VERB
dem-2898	178	6	by	by	ADP
dem-2898	178	7	estimating	estimate	VERB
dem-2898	178	8	the	the	DET
dem-2898	178	9	gjr	gjr	NOUN
dem-2898	178	10	-	-	PUNCT
dem-2898	178	11	garch	garch	NOUN
dem-2898	178	12	model	model	NOUN
dem-2898	178	13	at	at	ADP
dem-2898	178	14	the	the	DET
dem-2898	178	15	first	first	ADJ
dem-2898	178	16	stage	stage	NOUN
dem-2898	178	17	of	of	ADP
dem-2898	178	18	the	the	DET
dem-2898	178	19	research	research	NOUN
dem-2898	178	20	.	.	PUNCT
dem-2898	179	1	estimates	estimate	NOUN
dem-2898	179	2	of	of	ADP
dem-2898	179	3	parameter	parameter	PROPN
dem-2898	179	4	β	β	PROPN
dem-2898	179	5	exceed	exceed	VERB
dem-2898	179	6	the	the	DET
dem-2898	179	7	value	value	NOUN
dem-2898	179	8	of	of	ADP
dem-2898	179	9	0.8	0.8	NUM
dem-2898	179	10	,	,	PUNCT
dem-2898	179	11	which	which	PRON
dem-2898	179	12	confirms	confirm	VERB
dem-2898	179	13	the	the	DET
dem-2898	179	14	volatility	volatility	NOUN
dem-2898	179	15	clustering	cluster	VERB
dem-2898	179	16	phenomenon	phenomenon	NOUN
dem-2898	179	17	.	.	PUNCT
dem-2898	180	1	both	both	PRON
dem-2898	180	2	in	in	ADP
dem-2898	180	3	the	the	DET
dem-2898	180	4	garch(1,1	garch(1,1	NOUN
dem-2898	180	5	)	)	PUNCT
dem-2898	180	6	model	model	NOUN
dem-2898	180	7	and	and	CCONJ
dem-2898	180	8	in	in	ADP
dem-2898	180	9	the	the	DET
dem-2898	180	10	conditional	conditional	ADJ
dem-2898	180	11	correlation	correlation	NOUN
dem-2898	180	12	model	model	NOUN
dem-2898	180	13	dcc	dcc	PROPN
dem-2898	180	14	-	-	PUNCT
dem-2898	180	15	garch(1,1	garch(1,1	NOUN
dem-2898	180	16	)	)	PUNCT
dem-2898	180	17	the	the	DET
dem-2898	180	18	requirement	requirement	NOUN
dem-2898	180	19	of	of	ADP
dem-2898	180	20	covariance	covariance	NOUN
dem-2898	180	21	stationarity	stationarity	NOUN
dem-2898	180	22	is	be	AUX
dem-2898	180	23	satisfied	satisfied	ADJ
dem-2898	180	24	.	.	PUNCT
dem-2898	181	1	also	also	ADV
dem-2898	181	2	the	the	DET
dem-2898	181	3	conditions	condition	NOUN
dem-2898	181	4	for	for	ADP
dem-2898	181	5	variance	variance	NOUN
dem-2898	181	6	(	(	PUNCT
dem-2898	181	7	nonnegative	nonnegative	ADJ
dem-2898	181	8	,	,	PUNCT
dem-2898	181	9	significant	significant	ADJ
dem-2898	181	10	model	model	NOUN
dem-2898	181	11	parameters	parameter	NOUN
dem-2898	181	12	)	)	PUNCT
dem-2898	181	13	are	be	AUX
dem-2898	181	14	met	meet	VERB
dem-2898	181	15	.	.	PUNCT
dem-2898	182	1	the	the	DET
dem-2898	182	2	sum	sum	NOUN
dem-2898	182	3	of	of	ADP
dem-2898	182	4	parameters	parameter	NOUN
dem-2898	182	5	(	(	PUNCT
dem-2898	182	6	)	)	PUNCT
dem-2898	182	7	α	α	NOUN
dem-2898	182	8	β+	β+	PUNCT
dem-2898	182	9	in	in	ADP
dem-2898	182	10	the	the	DET
dem-2898	182	11	garch	garch	NOUN
dem-2898	182	12	model	model	NOUN
dem-2898	182	13	is	be	AUX
dem-2898	182	14	close	close	ADJ
dem-2898	182	15	to	to	ADP
dem-2898	182	16	one	one	NUM
dem-2898	182	17	,	,	PUNCT
dem-2898	182	18	which	which	PRON
dem-2898	182	19	means	mean	VERB
dem-2898	182	20	the	the	DET
dem-2898	182	21	occurrence	occurrence	NOUN
dem-2898	182	22	of	of	ADP
dem-2898	182	23	persistence	persistence	NOUN
dem-2898	182	24	(	(	PUNCT
dem-2898	182	25	long	long	ADJ
dem-2898	182	26	-	-	PUNCT
dem-2898	182	27	term	term	NOUN
dem-2898	182	28	dependencies	dependency	NOUN
dem-2898	182	29	)	)	PUNCT
dem-2898	182	30	and	and	CCONJ
dem-2898	182	31	suggest	suggest	VERB
dem-2898	182	32	test	test	NOUN
dem-2898	182	33	of	of	ADP
dem-2898	182	34	integrated	integrated	ADJ
dem-2898	182	35	model	model	NOUN
dem-2898	182	36	(	(	PUNCT
dem-2898	182	37	igarch	igarch	NOUN
dem-2898	182	38	,	,	PUNCT
dem-2898	182	39	figarch	figarch	NOUN
dem-2898	182	40	)	)	PUNCT
dem-2898	182	41	in	in	ADP
dem-2898	182	42	further	further	ADJ
dem-2898	182	43	studies	study	NOUN
dem-2898	182	44	.	.	PUNCT
dem-2898	183	1	the	the	DET
dem-2898	183	2	highest	high	ADJ
dem-2898	183	3	unconditional	unconditional	ADJ
dem-2898	183	4	correla	correla	NOUN
dem-2898	183	5	9	9	NUM
dem-2898	183	6	the	the	DET
dem-2898	183	7	same	same	ADJ
dem-2898	183	8	volatility	volatility	NOUN
dem-2898	183	9	model	model	NOUN
dem-2898	183	10	was	be	AUX
dem-2898	183	11	adopted	adopt	VERB
dem-2898	183	12	for	for	ADP
dem-2898	183	13	two	two	NUM
dem-2898	183	14	time	time	NOUN
dem-2898	183	15	series	series	NOUN
dem-2898	183	16	due	due	ADP
dem-2898	183	17	to	to	ADP
dem-2898	183	18	program	program	NOUN
dem-2898	183	19	limitations	limitation	NOUN
dem-2898	183	20	.	.	PUNCT
dem-2898	184	1	in	in	ADP
dem-2898	184	2	the	the	DET
dem-2898	184	3	research	research	NOUN
dem-2898	184	4	garch	garch	NOUN
dem-2898	184	5	(	(	PUNCT
dem-2898	184	6	1,2	1,2	NUM
dem-2898	184	7	)	)	PUNCT
dem-2898	184	8	,	,	PUNCT
dem-2898	184	9	garch	garch	NOUN
dem-2898	184	10	(	(	PUNCT
dem-2898	184	11	2,1	2,1	NUM
dem-2898	184	12	)	)	PUNCT
dem-2898	184	13	and	and	CCONJ
dem-2898	184	14	garch	garch	NOUN
dem-2898	184	15	(	(	PUNCT
dem-2898	184	16	2,2	2,2	NOUN
dem-2898	184	17	)	)	PUNCT
dem-2898	184	18	models	model	NOUN
dem-2898	184	19	were	be	AUX
dem-2898	184	20	also	also	ADV
dem-2898	184	21	tested	test	VERB
dem-2898	184	22	–	–	PUNCT
dem-2898	184	23	only	only	ADV
dem-2898	184	24	in	in	ADP
dem-2898	184	25	garch	garch	NOUN
dem-2898	184	26	(	(	PUNCT
dem-2898	184	27	1,1	1,1	NUM
dem-2898	184	28	)	)	PUNCT
dem-2898	184	29	model	model	NOUN
dem-2898	184	30	all	all	DET
dem-2898	184	31	parameters	parameter	NOUN
dem-2898	184	32	were	be	AUX
dem-2898	184	33	significant	significant	ADJ
dem-2898	184	34	and	and	CCONJ
dem-2898	184	35	was	be	AUX
dem-2898	184	36	the	the	DET
dem-2898	184	37	lowest	low	ADJ
dem-2898	184	38	information	information	NOUN
dem-2898	184	39	criterion	criterion	NOUN
dem-2898	184	40	value	value	NOUN
dem-2898	184	41	(	(	PUNCT
dem-2898	184	42	aic	aic	PROPN
dem-2898	184	43	)	)	PUNCT
dem-2898	184	44	.	.	PUNCT
dem-2898	185	1	conditional	conditional	ADJ
dem-2898	185	2	correlations	correlation	NOUN
dem-2898	185	3	from	from	ADP
dem-2898	185	4	two	two	NUM
dem-2898	185	5	models	model	NOUN
dem-2898	185	6	(	(	PUNCT
dem-2898	185	7	dcc	dcc	NOUN
dem-2898	185	8	-	-	PUNCT
dem-2898	185	9	gjr	gjr	NOUN
dem-2898	185	10	-	-	PUNCT
dem-2898	185	11	garch	garch	NOUN
dem-2898	185	12	(	(	PUNCT
dem-2898	185	13	1,1	1,1	NUM
dem-2898	185	14	)	)	PUNCT
dem-2898	185	15	and	and	CCONJ
dem-2898	185	16	dcc	dcc	PROPN
dem-2898	185	17	-	-	PUNCT
dem-2898	185	18	garch	garch	NOUN
dem-2898	185	19	)	)	PUNCT
dem-2898	185	20	were	be	AUX
dem-2898	185	21	slightly	slightly	ADV
dem-2898	185	22	different	different	ADJ
dem-2898	185	23	.	.	PUNCT
dem-2898	186	1	milda	milda	PROPN
dem-2898	186	2	maria	maria	PROPN
dem-2898	186	3	burzała	burzała	PROPN
dem-2898	186	4	dynamic	dynamic	ADJ
dem-2898	186	5	econometric	econometric	ADJ
dem-2898	186	6	models	model	NOUN
dem-2898	186	7	13	13	NUM
dem-2898	186	8	(	(	PUNCT
dem-2898	186	9	2013	2013	NUM
dem-2898	186	10	)	)	PUNCT
dem-2898	186	11	69–85	69–85	NUM
dem-2898	186	12	78	78	NUM
dem-2898	186	13	tion	tion	NOUN
dem-2898	186	14	with	with	ADP
dem-2898	186	15	the	the	DET
dem-2898	186	16	dji	dji	NOUN
dem-2898	186	17	index	index	NOUN
dem-2898	186	18	was	be	AUX
dem-2898	186	19	recorded	record	VERB
dem-2898	186	20	for	for	ADP
dem-2898	186	21	the	the	DET
dem-2898	186	22	cac	cac	PROPN
dem-2898	186	23	and	and	CCONJ
dem-2898	186	24	the	the	DET
dem-2898	186	25	dax	dax	PROPN
dem-2898	186	26	indices	index	NOUN
dem-2898	186	27	and	and	CCONJ
dem-2898	186	28	the	the	DET
dem-2898	186	29	lowest	low	ADJ
dem-2898	186	30	for	for	ADP
dem-2898	186	31	the	the	DET
dem-2898	186	32	bux	bux	PROPN
dem-2898	186	33	and	and	CCONJ
dem-2898	186	34	the	the	DET
dem-2898	186	35	wig20	wig20	PROPN
dem-2898	186	36	indices	index	NOUN
dem-2898	186	37	.	.	PUNCT
dem-2898	187	1	table	table	NOUN
dem-2898	187	2	1	1	NUM
dem-2898	187	3	.	.	PUNCT
dem-2898	188	1	the	the	DET
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dem-2898	195	63	1845.05	1845.05	NUM
dem-2898	195	64	bux	bux	NOUN
dem-2898	195	65	0.075	0.075	NUM
dem-2898	195	66	0.829	0.829	NUM
dem-2898	195	67	*	*	PUNCT
dem-2898	195	68	*	*	PUNCT
dem-2898	195	69	*	*	PUNCT
dem-2898	196	1	16.020	16.020	NUM
dem-2898	196	2	*	*	PUNCT
dem-2898	196	3	*	*	PUNCT
dem-2898	196	4	*	*	PUNCT
dem-2898	196	5	0.319	0.319	NUM
dem-2898	196	6	*	*	PUNCT
dem-2898	196	7	*	*	PUNCT
dem-2898	196	8	*	*	PUNCT
dem-2898	196	9	–	–	PUNCT
dem-2898	196	10	2292.27	2292.27	NUM
dem-2898	196	11	wig20	wig20	VERB
dem-2898	196	12	0.018	0.018	NUM
dem-2898	196	13	*	*	NOUN
dem-2898	196	14	*	*	PUNCT
dem-2898	196	15	0.967	0.967	NUM
dem-2898	196	16	*	*	PUNCT
dem-2898	196	17	*	*	PUNCT
dem-2898	196	18	*	*	PUNCT
dem-2898	196	19	16.971	16.971	NUM
dem-2898	196	20	*	*	PUNCT
dem-2898	196	21	*	*	PUNCT
dem-2898	196	22	*	*	PUNCT
dem-2898	196	23	0.378	0.378	NUM
dem-2898	196	24	*	*	PUNCT
dem-2898	196	25	*	*	PUNCT
dem-2898	196	26	*	*	PUNCT
dem-2898	196	27	–	–	PUNCT
dem-2898	196	28	2346.02	2346.02	NUM
dem-2898	196	29	note	note	NOUN
dem-2898	196	30	:	:	PUNCT
dem-2898	196	31	a	a	DET
dem-2898	196	32	parameter	parameter	NOUN
dem-2898	196	33	’s	’s	PART
dem-2898	196	34	significance	significance	NOUN
dem-2898	196	35	for	for	ADP
dem-2898	196	36	α	α	NOUN
dem-2898	196	37	=	=	NOUN
dem-2898	196	38	0.01	0.01	NUM
dem-2898	196	39	is	be	AUX
dem-2898	196	40	marked	mark	VERB
dem-2898	196	41	with	with	ADP
dem-2898	196	42	three	three	NUM
dem-2898	196	43	asterisks	asterisk	NOUN
dem-2898	196	44	,	,	PUNCT
dem-2898	196	45	for	for	ADP
dem-2898	196	46	α	α	NOUN
dem-2898	196	47	=	=	NOUN
dem-2898	196	48	0.05	0.05	NUM
dem-2898	196	49	with	with	ADP
dem-2898	196	50	two	two	NUM
dem-2898	196	51	asterisks	asterisk	NOUN
dem-2898	196	52	and	and	CCONJ
dem-2898	196	53	for	for	ADP
dem-2898	196	54	α	α	NOUN
dem-2898	196	55	=	=	NOUN
dem-2898	196	56	0.1	0.1	NUM
dem-2898	196	57	with	with	ADP
dem-2898	196	58	one	one	NUM
dem-2898	196	59	asterisk	asterisk	NOUN
dem-2898	196	60	.	.	PUNCT
dem-2898	197	1	the	the	DET
dem-2898	197	2	parameters	parameter	NOUN
dem-2898	197	3	of	of	ADP
dem-2898	197	4	the	the	DET
dem-2898	197	5	ms(3	ms(3	NOUN
dem-2898	197	6	)	)	PUNCT
dem-2898	197	7	switching	switch	VERB
dem-2898	197	8	model	model	NOUN
dem-2898	197	9	are	be	AUX
dem-2898	197	10	provided	provide	VERB
dem-2898	197	11	in	in	ADP
dem-2898	197	12	table	table	NOUN
dem-2898	197	13	2	2	NUM
dem-2898	197	14	.	.	PUNCT
dem-2898	197	15	regime	regime	NOUN
dem-2898	197	16	2	2	NUM
dem-2898	197	17	is	be	AUX
dem-2898	197	18	related	relate	VERB
dem-2898	197	19	to	to	ADP
dem-2898	197	20	an	an	DET
dem-2898	197	21	extremely	extremely	ADV
dem-2898	197	22	high	high	ADJ
dem-2898	197	23	correlation	correlation	NOUN
dem-2898	197	24	(	(	PUNCT
dem-2898	197	25	the	the	DET
dem-2898	197	26	shaded	shaded	ADJ
dem-2898	197	27	area	area	NOUN
dem-2898	197	28	in	in	ADP
dem-2898	197	29	figure	figure	NOUN
dem-2898	197	30	2	2	NUM
dem-2898	197	31	)	)	PUNCT
dem-2898	197	32	.	.	PUNCT
dem-2898	198	1	as	as	ADP
dem-2898	198	2	for	for	ADP
dem-2898	198	3	the	the	DET
dem-2898	198	4	two	two	NUM
dem-2898	198	5	indices	index	NOUN
dem-2898	198	6	–	–	PUNCT
dem-2898	198	7	cac	cac	PROPN
dem-2898	198	8	and	and	CCONJ
dem-2898	198	9	dax	dax	PROPN
dem-2898	198	10	,	,	PUNCT
dem-2898	198	11	regime	regime	NOUN
dem-2898	198	12	2	2	NUM
dem-2898	198	13	covered	cover	VERB
dem-2898	198	14	both	both	DET
dem-2898	198	15	significantly	significantly	ADV
dem-2898	198	16	high	high	ADJ
dem-2898	198	17	and	and	CCONJ
dem-2898	198	18	significantly	significantly	ADV
dem-2898	198	19	low	low	ADJ
dem-2898	198	20	correlation	correlation	NOUN
dem-2898	198	21	between	between	ADP
dem-2898	198	22	markets	market	NOUN
dem-2898	198	23	.	.	PUNCT
dem-2898	199	1	this	this	PRON
dem-2898	199	2	probably	probably	ADV
dem-2898	199	3	resulted	result	VERB
dem-2898	199	4	from	from	ADP
dem-2898	199	5	a	a	DET
dem-2898	199	6	very	very	ADV
dem-2898	199	7	high	high	ADJ
dem-2898	199	8	volatility	volatility	NOUN
dem-2898	199	9	of	of	ADP
dem-2898	199	10	extreme	extreme	ADJ
dem-2898	199	11	correlations	correlation	NOUN
dem-2898	199	12	.	.	PUNCT
dem-2898	200	1	a	a	DET
dem-2898	200	2	correct	correct	ADJ
dem-2898	200	3	classification	classification	NOUN
dem-2898	200	4	was	be	AUX
dem-2898	200	5	obtained	obtain	VERB
dem-2898	200	6	by	by	ADP
dem-2898	200	7	simplifying	simplify	VERB
dem-2898	200	8	the	the	DET
dem-2898	200	9	process	process	NOUN
dem-2898	200	10	to	to	ADP
dem-2898	200	11	a	a	DET
dem-2898	200	12	model	model	NOUN
dem-2898	200	13	in	in	ADP
dem-2898	200	14	which	which	PRON
dem-2898	200	15	only	only	ADV
dem-2898	200	16	the	the	DET
dem-2898	200	17	expected	expect	VERB
dem-2898	200	18	value	value	NOUN
dem-2898	200	19	would	would	AUX
dem-2898	200	20	change	change	VERB
dem-2898	200	21	.	.	PUNCT
dem-2898	201	1	for	for	ADP
dem-2898	201	2	the	the	DET
dem-2898	201	3	remaining	remain	VERB
dem-2898	201	4	four	four	NUM
dem-2898	201	5	indices	index	NOUN
dem-2898	201	6	,	,	PUNCT
dem-2898	201	7	the	the	DET
dem-2898	201	8	variance	variance	NOUN
dem-2898	201	9	of	of	ADP
dem-2898	201	10	extremely	extremely	ADV
dem-2898	201	11	high	high	ADJ
dem-2898	201	12	and	and	CCONJ
dem-2898	201	13	extremely	extremely	ADV
dem-2898	201	14	low	low	ADJ
dem-2898	201	15	correlations	correlation	NOUN
dem-2898	201	16	was	be	AUX
dem-2898	201	17	significantly	significantly	ADV
dem-2898	201	18	higher	high	ADJ
dem-2898	201	19	than	than	ADP
dem-2898	201	20	the	the	DET
dem-2898	201	21	variance	variance	NOUN
dem-2898	201	22	of	of	ADP
dem-2898	201	23	condidetermination	condidetermination	NOUN
dem-2898	201	24	of	of	ADP
dem-2898	201	25	the	the	DET
dem-2898	201	26	time	time	NOUN
dem-2898	201	27	of	of	ADP
dem-2898	201	28	contagion	contagion	NOUN
dem-2898	201	29	in	in	ADP
dem-2898	201	30	capital	capital	NOUN
dem-2898	201	31	markets	market	NOUN
dem-2898	201	32	...	...	PUNCT
dem-2898	202	1	dynamic	dynamic	ADJ
dem-2898	202	2	econometric	econometric	ADJ
dem-2898	202	3	models	model	NOUN
dem-2898	202	4	13	13	NUM
dem-2898	202	5	(	(	PUNCT
dem-2898	202	6	2013	2013	NUM
dem-2898	202	7	)	)	PUNCT
dem-2898	202	8	69–85	69–85	NUM
dem-2898	202	9	79	79	NUM
dem-2898	202	10	tional	tional	ADJ
dem-2898	202	11	correlations	correlation	NOUN
dem-2898	202	12	in	in	ADP
dem-2898	202	13	the	the	DET
dem-2898	202	14	time	time	NOUN
dem-2898	202	15	of	of	ADP
dem-2898	202	16	tranquillity	tranquillity	NOUN
dem-2898	202	17	,	,	PUNCT
dem-2898	202	18	and	and	CCONJ
dem-2898	202	19	the	the	DET
dem-2898	202	20	model	model	NOUN
dem-2898	202	21	made	make	VERB
dem-2898	202	22	it	it	PRON
dem-2898	202	23	possible	possible	ADJ
dem-2898	202	24	to	to	PART
dem-2898	202	25	make	make	VERB
dem-2898	202	26	a	a	DET
dem-2898	202	27	correct	correct	ADJ
dem-2898	202	28	classification10	classification10	NOUN
dem-2898	202	29	.	.	PUNCT
dem-2898	203	1	table	table	NOUN
dem-2898	203	2	2	2	NUM
dem-2898	203	3	.	.	PUNCT
dem-2898	204	1	the	the	DET
dem-2898	204	2	estimates	estimate	NOUN
dem-2898	204	3	of	of	ADP
dem-2898	204	4	the	the	DET
dem-2898	204	5	ms(3	ms(3	NOUN
dem-2898	204	6	)	)	PUNCT
dem-2898	204	7	switching	switch	VERB
dem-2898	204	8	model	model	NOUN
dem-2898	204	9	’s	’s	PART
dem-2898	204	10	parameters	parameter	NOUN
dem-2898	204	11	switches	switch	NOUN
dem-2898	204	12	occur	occur	VERB
dem-2898	204	13	as	as	ADP
dem-2898	204	14	a	a	DET
dem-2898	204	15	result	result	NOUN
dem-2898	204	16	of	of	ADP
dem-2898	204	17	changes	change	NOUN
dem-2898	204	18	→	→	PUNCT
dem-2898	204	19	the	the	DET
dem-2898	204	20	expected	expect	VERB
dem-2898	204	21	value	value	NOUN
dem-2898	204	22	and	and	CCONJ
dem-2898	204	23	variance	variance	VERB
dem-2898	204	24	the	the	DET
dem-2898	204	25	expected	expect	VERB
dem-2898	204	26	value	value	NOUN
dem-2898	204	27	regime	regime	NOUN
dem-2898	204	28	ath	ath	PROPN
dem-2898	204	29	ibex	ibex	PROPN
dem-2898	204	30	bux	bux	PROPN
dem-2898	204	31	wig20	wig20	PROPN
dem-2898	204	32	cac	cac	PROPN
dem-2898	204	33	dax	dax	PROPN
dem-2898	204	34	number	number	NOUN
dem-2898	204	35	of	of	ADP
dem-2898	204	36	observations	observation	NOUN
dem-2898	204	37	0	0	NUM
dem-2898	204	38	283	283	NUM
dem-2898	204	39	423	423	NUM
dem-2898	204	40	178	178	NUM
dem-2898	204	41	312	312	NUM
dem-2898	204	42	223	223	NUM
dem-2898	204	43	222	222	NUM
dem-2898	204	44	1	1	NUM
dem-2898	204	45	379	379	NUM
dem-2898	204	46	387	387	NUM
dem-2898	204	47	405	405	NUM
dem-2898	204	48	336	336	NUM
dem-2898	204	49	614	614	NUM
dem-2898	204	50	461	461	NUM
dem-2898	204	51	2	2	NUM
dem-2898	204	52	360	360	NUM
dem-2898	204	53	212	212	NUM
dem-2898	204	54	439	439	NUM
dem-2898	204	55	374	374	NUM
dem-2898	204	56	185	185	NUM
dem-2898	204	57	339	339	NUM
dem-2898	204	58	expected	expect	VERB
dem-2898	204	59	value	value	NOUN
dem-2898	204	60	0	0	NUM
dem-2898	204	61	0.264	0.264	NUM
dem-2898	204	62	0.511	0.511	NUM
dem-2898	204	63	0.103	0.103	NUM
dem-2898	204	64	0.255	0.255	NUM
dem-2898	204	65	0.567	0.567	NUM
dem-2898	204	66	0,520	0,520	NUM
dem-2898	204	67	1	1	NUM
dem-2898	204	68	0.372	0.372	NUM
dem-2898	204	69	0.598	0.598	NUM
dem-2898	204	70	0.271	0.271	NUM
dem-2898	204	71	0.372	0.372	NUM
dem-2898	204	72	0.638	0.638	NUM
dem-2898	204	73	0,632	0,632	NUM
dem-2898	204	74	2	2	NUM
dem-2898	204	75	0.482	0.482	NUM
dem-2898	204	76	0.672	0.672	NUM
dem-2898	204	77	0.440	0.440	NUM
dem-2898	204	78	0.468	0.468	NUM
dem-2898	204	79	0.691	0.691	NUM
dem-2898	204	80	0,710	0,710	NUM
dem-2898	204	81	fr	fr	ADJ
dem-2898	204	82	-	-	PUNCT
dem-2898	204	83	statistic	statistic	NOUN
dem-2898	204	84	1,820	1,820	NUM
dem-2898	204	85	*	*	SYM
dem-2898	204	86	*	*	PUNCT
dem-2898	205	1	1.449	1.449	NUM
dem-2898	205	2	*	*	NOUN
dem-2898	205	3	2.811	2.811	NUM
dem-2898	205	4	*	*	PUNCT
dem-2898	205	5	*	*	PUNCT
dem-2898	205	6	*	*	PUNCT
dem-2898	205	7	1.545	1.545	NUM
dem-2898	205	8	*	*	NOUN
dem-2898	205	9	1.132	1.132	NUM
dem-2898	205	10	1.989	1.989	NUM
dem-2898	205	11	*	*	PUNCT
dem-2898	205	12	*	*	PUNCT
dem-2898	205	13	variance	variance	NOUN
dem-2898	205	14	0	0	NUM
dem-2898	205	15	0.060	0.060	NUM
dem-2898	205	16	0.031	0.031	NUM
dem-2898	205	17	0.085	0.085	NUM
dem-2898	205	18	0.047	0.047	NUM
dem-2898	205	19	x	x	PUNCT
dem-2898	205	20	x	x	SYM
dem-2898	205	21	1	1	NUM
dem-2898	205	22	0.027	0.027	NUM
dem-2898	205	23	0.017	0.017	NUM
dem-2898	205	24	0.052	0.052	NUM
dem-2898	205	25	0.029	0.029	NUM
dem-2898	205	26	x	x	SYM
dem-2898	205	27	x	x	SYM
dem-2898	205	28	2	2	NUM
dem-2898	205	29	0.049	0.049	NUM
dem-2898	205	30	0.029	0.029	NUM
dem-2898	205	31	0.078	0.078	NUM
dem-2898	205	32	0.038	0.038	NUM
dem-2898	205	33	x	x	PUNCT
dem-2898	205	34	x	x	SYM
dem-2898	205	35	h	h	NOUN
dem-2898	205	36	-	-	PUNCT
dem-2898	205	37	statistic	statistic	NOUN
dem-2898	205	38	601.6	601.6	NUM
dem-2898	205	39	*	*	PUNCT
dem-2898	205	40	*	*	PUNCT
dem-2898	205	41	*	*	PUNCT
dem-2898	205	42	589.2	589.2	NUM
dem-2898	205	43	*	*	PUNCT
dem-2898	205	44	*	*	PUNCT
dem-2898	205	45	*	*	PUNCT
dem-2898	205	46	854.1	854.1	NUM
dem-2898	205	47	*	*	PUNCT
dem-2898	205	48	*	*	PUNCT
dem-2898	205	49	*	*	PUNCT
dem-2898	206	1	596.2	596.2	NUM
dem-2898	206	2	*	*	PUNCT
dem-2898	206	3	*	*	PUNCT
dem-2898	206	4	*	*	PUNCT
dem-2898	206	5	492.4	492.4	NUM
dem-2898	206	6	*	*	PUNCT
dem-2898	206	7	*	*	PUNCT
dem-2898	206	8	*	*	PUNCT
dem-2898	207	1	650.4	650.4	NUM
dem-2898	207	2	*	*	PUNCT
dem-2898	207	3	*	*	PUNCT
dem-2898	207	4	*	*	PUNCT
dem-2898	207	5	d	d	X
dem-2898	207	6	-	-	PUNCT
dem-2898	207	7	statistic	statistic	ADJ
dem-2898	207	8	0	0	NUM
dem-2898	207	9	15.89	15.89	NUM
dem-2898	207	10	*	*	PUNCT
dem-2898	207	11	*	*	PUNCT
dem-2898	207	12	*	*	PUNCT
dem-2898	207	13	12.90	12.90	NUM
dem-2898	207	14	*	*	PUNCT
dem-2898	207	15	*	*	PUNCT
dem-2898	207	16	*	*	PUNCT
dem-2898	207	17	16.69	16.69	NUM
dem-2898	207	18	*	*	PUNCT
dem-2898	207	19	*	*	PUNCT
dem-2898	207	20	*	*	PUNCT
dem-2898	207	21	13.77	13.77	NUM
dem-2898	207	22	*	*	PUNCT
dem-2898	207	23	*	*	PUNCT
dem-2898	207	24	*	*	PUNCT
dem-2898	207	25	10.83	10.83	NUM
dem-2898	207	26	*	*	PUNCT
dem-2898	207	27	*	*	PUNCT
dem-2898	207	28	*	*	PUNCT
dem-2898	207	29	11.61	11.61	NUM
dem-2898	207	30	*	*	PUNCT
dem-2898	207	31	*	*	PUNCT
dem-2898	207	32	*	*	PUNCT
dem-2898	207	33	1	1	NUM
dem-2898	207	34	24.53	24.53	NUM
dem-2898	207	35	*	*	PUNCT
dem-2898	207	36	*	*	PUNCT
dem-2898	207	37	*	*	PUNCT
dem-2898	207	38	23.10	23.10	NUM
dem-2898	207	39	*	*	PUNCT
dem-2898	207	40	*	*	PUNCT
dem-2898	207	41	*	*	PUNCT
dem-2898	207	42	29.23	29.23	NUM
dem-2898	207	43	*	*	PUNCT
dem-2898	207	44	*	*	PUNCT
dem-2898	207	45	*	*	PUNCT
dem-2898	207	46	23.78	23.78	NUM
dem-2898	207	47	*	*	PUNCT
dem-2898	207	48	*	*	PUNCT
dem-2898	207	49	*	*	PUNCT
dem-2898	207	50	19.97	19.97	NUM
dem-2898	207	51	*	*	PUNCT
dem-2898	207	52	*	*	PUNCT
dem-2898	207	53	*	*	PUNCT
dem-2898	207	54	22.72	22.72	NUM
dem-2898	207	55	*	*	PUNCT
dem-2898	207	56	*	*	PUNCT
dem-2898	207	57	*	*	PUNCT
dem-2898	207	58	probability	probability	NOUN
dem-2898	207	59	of	of	ADP
dem-2898	207	60	transition	transition	NOUN
dem-2898	207	61	p_{0/0	p_{0/0	PROPN
dem-2898	207	62	}	}	PUNCT
dem-2898	207	63	0.977	0.977	NUM
dem-2898	207	64	0.983	0.983	NUM
dem-2898	207	65	0.880	0.880	NUM
dem-2898	207	66	0.987	0.987	NUM
dem-2898	207	67	0.978	0.978	NUM
dem-2898	207	68	0,961	0,961	NUM
dem-2898	207	69	p_{0/1	p_{0/1	NOUN
dem-2898	207	70	}	}	PUNCT
dem-2898	207	71	0.023	0.023	NUM
dem-2898	207	72	0.017	0.017	NUM
dem-2898	207	73	0.120	0.120	NUM
dem-2898	207	74	0.013	0.013	NUM
dem-2898	207	75	0.000	0.000	NUM
dem-2898	207	76	0,039	0,039	NUM
dem-2898	208	1	p_{0/2	p_{0/2	NOUN
dem-2898	208	2	}	}	PUNCT
dem-2898	208	3	0.000	0.000	NUM
dem-2898	208	4	0.000	0.000	NUM
dem-2898	208	5	0.000	0.000	NUM
dem-2898	208	6	0.000	0.000	NUM
dem-2898	208	7	0.022	0.022	NUM
dem-2898	208	8	0,000	0,000	NUM
dem-2898	208	9	p_{1/0	p_{1/0	X
dem-2898	208	10	}	}	PUNCT
dem-2898	208	11	0.017	0.017	NUM
dem-2898	208	12	0.018	0.018	NUM
dem-2898	208	13	0.052	0.052	NUM
dem-2898	208	14	0.012	0.012	NUM
dem-2898	208	15	0.008	0.008	NUM
dem-2898	208	16	0,018	0,018	NUM
dem-2898	208	17	p_{1/1	p_{1/1	NOUN
dem-2898	208	18	}	}	PUNCT
dem-2898	208	19	0.962	0.962	NUM
dem-2898	208	20	0.970	0.970	NUM
dem-2898	208	21	0.880	0.880	NUM
dem-2898	208	22	0.964	0.964	NUM
dem-2898	208	23	0.984	0.984	NUM
dem-2898	208	24	0,965	0,965	NUM
dem-2898	208	25	p_{1/2	p_{1/2	NOUN
dem-2898	208	26	}	}	PUNCT
dem-2898	208	27	0.021	0.021	NUM
dem-2898	208	28	0.012	0.012	NUM
dem-2898	209	1	0.068	0.068	NUM
dem-2898	209	2	0.024	0.024	NUM
dem-2898	209	3	0.008	0.008	NUM
dem-2898	209	4	0,017	0,017	NUM
dem-2898	209	5	p_{2/0	p_{2/0	NOUN
dem-2898	209	6	}	}	PUNCT
dem-2898	209	7	0.000	0.000	NUM
dem-2898	209	8	0.000	0.000	NUM
dem-2898	209	9	0.061	0.061	NUM
dem-2898	209	10	0.019	0.019	NUM
dem-2898	209	11	0.000	0.000	NUM
dem-2898	209	12	0,000	0,000	NUM
dem-2898	209	13	p_{2/1	p_{2/1	NOUN
dem-2898	209	14	}	}	PUNCT
dem-2898	209	15	0.022	0.022	NUM
dem-2898	209	16	0.021	0.021	NUM
dem-2898	209	17	0.000	0.000	NUM
dem-2898	209	18	0.000	0.000	NUM
dem-2898	209	19	0.046	0.046	NUM
dem-2898	209	20	0,021	0,021	NUM
dem-2898	209	21	p_{2/2	p_{2/2	ADJ
dem-2898	209	22	}	}	PUNCT
dem-2898	209	23	0.978	0.978	NUM
dem-2898	209	24	0.979	0.979	NUM
dem-2898	209	25	0.939	0.939	NUM
dem-2898	209	26	0.981	0.981	NUM
dem-2898	209	27	0.954	0.954	NUM
dem-2898	209	28	0,979	0,979	NUM
dem-2898	209	29	log	log	NOUN
dem-2898	209	30	-	-	PUNCT
dem-2898	209	31	likelihood	likelihood	NOUN
dem-2898	209	32	1708,9	1708,9	NUM
dem-2898	209	33	2257.9	2257.9	NUM
dem-2898	209	34	1063.5	1063.5	NUM
dem-2898	209	35	1824.5	1824.5	NUM
dem-2898	209	36	2307.3	2307.3	NUM
dem-2898	209	37	1797.5	1797.5	NUM
dem-2898	209	38	aic	aic	PROPN
dem-2898	209	39	–	–	PUNCT
dem-2898	209	40	3,325	3,325	NUM
dem-2898	209	41	–	–	PUNCT
dem-2898	209	42	4.399	4.399	NUM
dem-2898	209	43	–	–	PUNCT
dem-2898	209	44	2.062	2.062	NUM
dem-2898	209	45	–	–	PUNCT
dem-2898	209	46	3.551	3.551	NUM
dem-2898	209	47	–	–	PUNCT
dem-2898	209	48	4.499	4.499	NUM
dem-2898	209	49	–	–	PUNCT
dem-2898	209	50	3.502	3.502	NUM
dem-2898	209	51	note	note	NOUN
dem-2898	209	52	:	:	PUNCT
dem-2898	209	53	the	the	DET
dem-2898	209	54	fr	fr	ADJ
dem-2898	209	55	-	-	PUNCT
dem-2898	209	56	statistic	statistic	NOUN
dem-2898	209	57	refers	refer	VERB
dem-2898	209	58	to	to	ADP
dem-2898	209	59	the	the	DET
dem-2898	209	60	difference	difference	NOUN
dem-2898	209	61	in	in	ADP
dem-2898	209	62	correlation	correlation	NOUN
dem-2898	209	63	between	between	ADP
dem-2898	209	64	regimes	regime	NOUN
dem-2898	209	65	2	2	NUM
dem-2898	209	66	and	and	CCONJ
dem-2898	209	67	1	1	NUM
dem-2898	209	68	;	;	PUNCT
dem-2898	209	69	the	the	DET
dem-2898	209	70	d	d	X
dem-2898	209	71	-	-	PUNCT
dem-2898	209	72	statistic	statistic	NOUN
dem-2898	209	73	refers	refer	VERB
dem-2898	209	74	to	to	ADP
dem-2898	209	75	the	the	DET
dem-2898	209	76	difference	difference	NOUN
dem-2898	209	77	distributions	distribution	NOUN
dem-2898	209	78	between	between	ADP
dem-2898	209	79	regime	regime	NOUN
dem-2898	209	80	2	2	NUM
dem-2898	209	81	and	and	CCONJ
dem-2898	209	82	regime	regime	NOUN
dem-2898	209	83	0	0	NUM
dem-2898	209	84	or	or	CCONJ
dem-2898	209	85	1	1	NUM
dem-2898	209	86	.	.	PUNCT
dem-2898	210	1	the	the	DET
dem-2898	210	2	jarque	jarque	NOUN
dem-2898	210	3	-	-	PUNCT
dem-2898	210	4	berra	berra	PROPN
dem-2898	210	5	test	test	NOUN
dem-2898	210	6	rejects	reject	VERB
dem-2898	210	7	at	at	ADP
dem-2898	210	8	conventional	conventional	ADJ
dem-2898	210	9	significance	significance	NOUN
dem-2898	210	10	level	level	NOUN
dem-2898	210	11	the	the	DET
dem-2898	210	12	normality	normality	NOUN
dem-2898	210	13	of	of	ADP
dem-2898	210	14	correlation	correlation	NOUN
dem-2898	210	15	in	in	ADP
dem-2898	210	16	three	three	NUM
dem-2898	210	17	regimes	regime	NOUN
dem-2898	210	18	(	(	PUNCT
dem-2898	210	19	not	not	PART
dem-2898	210	20	reported	report	VERB
dem-2898	210	21	)	)	PUNCT
dem-2898	210	22	.	.	PUNCT
dem-2898	211	1	it	it	PRON
dem-2898	211	2	is	be	AUX
dem-2898	211	3	the	the	DET
dem-2898	211	4	reason	reason	NOUN
dem-2898	211	5	of	of	ADP
dem-2898	211	6	the	the	DET
dem-2898	211	7	use	use	NOUN
dem-2898	211	8	of	of	ADP
dem-2898	211	9	nonparametric	nonparametric	ADJ
dem-2898	211	10	variance	variance	NOUN
dem-2898	211	11	analysis	analysis	NOUN
dem-2898	211	12	(	(	PUNCT
dem-2898	211	13	kruskal	kruskal	NOUN
dem-2898	211	14	and	and	CCONJ
dem-2898	211	15	wallis	wallis	PROPN
dem-2898	211	16	-	-	PUNCT
dem-2898	211	17	test	test	NOUN
dem-2898	211	18	)	)	PUNCT
dem-2898	211	19	to	to	PART
dem-2898	211	20	evaluate	evaluate	VERB
dem-2898	211	21	the	the	DET
dem-2898	211	22	quality	quality	NOUN
dem-2898	211	23	of	of	ADP
dem-2898	211	24	classification	classification	NOUN
dem-2898	211	25	(	(	PUNCT
dem-2898	211	26	division	division	NOUN
dem-2898	211	27	of	of	ADP
dem-2898	211	28	the	the	DET
dem-2898	211	29	sample	sample	NOUN
dem-2898	211	30	into	into	ADP
dem-2898	211	31	observations	observation	NOUN
dem-2898	211	32	from	from	ADP
dem-2898	211	33	the	the	DET
dem-2898	211	34	time	time	NOUN
dem-2898	211	35	of	of	ADP
dem-2898	211	36	tranquillity	tranquillity	NOUN
dem-2898	211	37	and	and	CCONJ
dem-2898	211	38	from	from	ADP
dem-2898	211	39	the	the	DET
dem-2898	211	40	time	time	NOUN
dem-2898	211	41	of	of	ADP
dem-2898	211	42	potential	potential	ADJ
dem-2898	211	43	market	market	NOUN
dem-2898	211	44	contagion	contagion	NOUN
dem-2898	211	45	)	)	PUNCT
dem-2898	211	46	.	.	PUNCT
dem-2898	212	1	in	in	ADP
dem-2898	212	2	the	the	DET
dem-2898	212	3	first	first	ADJ
dem-2898	212	4	research	research	NOUN
dem-2898	212	5	stage	stage	NOUN
dem-2898	212	6	,	,	PUNCT
dem-2898	212	7	h	h	NOUN
dem-2898	212	8	-	-	PUNCT
dem-2898	212	9	statistic	statistic	NOUN
dem-2898	212	10	indicates	indicate	VERB
dem-2898	212	11	the	the	DET
dem-2898	212	12	diversification	diversification	NOUN
dem-2898	212	13	of	of	ADP
dem-2898	212	14	distribution	distribution	NOUN
dem-2898	212	15	at	at	ADP
dem-2898	212	16	least	least	ADJ
dem-2898	212	17	in	in	ADP
dem-2898	212	18	two	two	NUM
dem-2898	212	19	regimes	regime	NOUN
dem-2898	212	20	.	.	PUNCT
dem-2898	213	1	in	in	ADP
dem-2898	213	2	the	the	DET
dem-2898	213	3	second	second	ADJ
dem-2898	213	4	stage	stage	NOUN
dem-2898	213	5	,	,	PUNCT
dem-2898	213	6	d	d	X
dem-2898	213	7	-	-	PUNCT
dem-2898	213	8	statistics	statistic	NOUN
dem-2898	213	9	indicates	indicate	VERB
dem-2898	213	10	the	the	DET
dem-2898	213	11	10	10	NUM
dem-2898	213	12	high	high	ADJ
dem-2898	213	13	variance	variance	NOUN
dem-2898	213	14	in	in	ADP
dem-2898	213	15	0	0	NUM
dem-2898	213	16	regime	regime	NOUN
dem-2898	213	17	(	(	PUNCT
dem-2898	213	18	extremely	extremely	ADV
dem-2898	213	19	low	low	ADJ
dem-2898	213	20	correlations	correlation	NOUN
dem-2898	213	21	)	)	PUNCT
dem-2898	213	22	indicates	indicate	VERB
dem-2898	213	23	,	,	PUNCT
dem-2898	213	24	that	that	DET
dem-2898	213	25	differentiation	differentiation	NOUN
dem-2898	213	26	of	of	ADP
dem-2898	213	27	the	the	DET
dem-2898	213	28	sign	sign	NOUN
dem-2898	213	29	of	of	ADP
dem-2898	213	30	returns	return	NOUN
dem-2898	213	31	on	on	ADP
dem-2898	213	32	two	two	NUM
dem-2898	213	33	markets	market	NOUN
dem-2898	213	34	causes	cause	VERB
dem-2898	213	35	the	the	DET
dem-2898	213	36	increase	increase	NOUN
dem-2898	213	37	of	of	ADP
dem-2898	213	38	uncertainty	uncertainty	NOUN
dem-2898	213	39	among	among	ADP
dem-2898	213	40	investors	investor	NOUN
dem-2898	213	41	.	.	PUNCT
dem-2898	214	1	milda	milda	PROPN
dem-2898	214	2	maria	maria	PROPN
dem-2898	214	3	burzała	burzała	PROPN
dem-2898	214	4	dynamic	dynamic	ADJ
dem-2898	214	5	econometric	econometric	ADJ
dem-2898	214	6	models	model	NOUN
dem-2898	214	7	13	13	NUM
dem-2898	214	8	(	(	PUNCT
dem-2898	214	9	2013	2013	NUM
dem-2898	214	10	)	)	PUNCT
dem-2898	214	11	69–85	69–85	NUM
dem-2898	214	12	80	80	NUM
dem-2898	214	13	diversification	diversification	NOUN
dem-2898	214	14	of	of	ADP
dem-2898	214	15	distribution	distribution	NOUN
dem-2898	214	16	in	in	ADP
dem-2898	214	17	all	all	DET
dem-2898	214	18	regimes	regime	NOUN
dem-2898	214	19	for	for	ADP
dem-2898	214	20	all	all	DET
dem-2898	214	21	studied	study	VERB
dem-2898	214	22	indices	index	NOUN
dem-2898	214	23	.	.	PUNCT
dem-2898	215	1	relevant	relevant	ADJ
dem-2898	215	2	statistics	statistic	NOUN
dem-2898	215	3	are	be	AUX
dem-2898	215	4	provided	provide	VERB
dem-2898	215	5	in	in	ADP
dem-2898	215	6	table	table	NOUN
dem-2898	215	7	2	2	NUM
dem-2898	215	8	.	.	PUNCT
dem-2898	216	1	results	result	NOUN
dem-2898	216	2	confirms	confirm	VERB
dem-2898	216	3	the	the	DET
dem-2898	216	4	legitimacy	legitimacy	NOUN
dem-2898	216	5	of	of	ADP
dem-2898	216	6	the	the	DET
dem-2898	216	7	use	use	NOUN
dem-2898	216	8	of	of	ADP
dem-2898	216	9	one	one	NUM
dem-2898	216	10	-	-	PUNCT
dem-2898	216	11	dimensional	dimensional	ADJ
dem-2898	216	12	switching	switching	NOUN
dem-2898	216	13	model	model	NOUN
dem-2898	216	14	.	.	PUNCT
dem-2898	217	1	simple	simple	ADJ
dem-2898	217	2	model	model	NOUN
dem-2898	217	3	can	can	AUX
dem-2898	217	4	give	give	VERB
dem-2898	217	5	satisfactory	satisfactory	ADJ
dem-2898	217	6	results	result	NOUN
dem-2898	217	7	.	.	PUNCT
dem-2898	218	1	corr_ath_djia	corr_ath_djia	X
dem-2898	219	1	corr_ibex_djia	corr_ibex_djia	X
dem-2898	219	2	corr_bux_djia	corr_bux_djia	PROPN
dem-2898	219	3	corr_wig20_djia	corr_wig20_djia	PROPN
dem-2898	219	4	corr_cac_djia	corr_cac_djia	PROPN
dem-2898	219	5	corr_dax_djia	corr_dax_djia	NOUN
dem-2898	219	6	figure	figure	NOUN
dem-2898	219	7	2	2	NUM
dem-2898	219	8	.	.	PUNCT
dem-2898	219	9	potential	potential	ADJ
dem-2898	219	10	periods	period	NOUN
dem-2898	219	11	of	of	ADP
dem-2898	219	12	market	market	NOUN
dem-2898	219	13	contagion	contagion	NOUN
dem-2898	219	14	as	as	SCONJ
dem-2898	219	15	determined	determine	VERB
dem-2898	219	16	based	base	VERB
dem-2898	219	17	on	on	ADP
dem-2898	219	18	conditional	conditional	ADJ
dem-2898	219	19	correlations	correlation	NOUN
dem-2898	219	20	from	from	ADP
dem-2898	219	21	the	the	DET
dem-2898	219	22	dcc	dcc	PROPN
dem-2898	219	23	-	-	PUNCT
dem-2898	219	24	garch(1.1	garch(1.1	PROPN
dem-2898	219	25	)	)	PUNCT
dem-2898	219	26	model	model	NOUN
dem-2898	219	27	note	note	NOUN
dem-2898	219	28	:	:	PUNCT
dem-2898	219	29	the	the	DET
dem-2898	219	30	shaded	shaded	ADJ
dem-2898	219	31	area	area	NOUN
dem-2898	219	32	:	:	PUNCT
dem-2898	219	33	the	the	DET
dem-2898	219	34	time	time	NOUN
dem-2898	219	35	of	of	ADP
dem-2898	219	36	extremely	extremely	ADV
dem-2898	219	37	high	high	ADJ
dem-2898	219	38	correlations	correlation	NOUN
dem-2898	219	39	(	(	PUNCT
dem-2898	219	40	regime	regime	NOUN
dem-2898	219	41	2	2	NUM
dem-2898	219	42	)	)	PUNCT
dem-2898	219	43	;	;	PUNCT
dem-2898	219	44	─	─	PROPN
dem-2898	219	45	─	─	X
dem-2898	219	46	the	the	DET
dem-2898	219	47	average	average	ADJ
dem-2898	219	48	value	value	NOUN
dem-2898	219	49	of	of	ADP
dem-2898	219	50	conditional	conditional	ADJ
dem-2898	219	51	correlations	correlation	NOUN
dem-2898	219	52	in	in	ADP
dem-2898	219	53	the	the	DET
dem-2898	219	54	time	time	NOUN
dem-2898	219	55	of	of	ADP
dem-2898	219	56	crisis	crisis	NOUN
dem-2898	219	57	(	(	PUNCT
dem-2898	219	58	august	august	PROPN
dem-2898	219	59	9	9	NUM
dem-2898	219	60	,	,	PUNCT
dem-2898	219	61	2007	2007	NUM
dem-2898	219	62	to	to	ADP
dem-2898	219	63	july	july	PROPN
dem-2898	219	64	31	31	NUM
dem-2898	219	65	,	,	PUNCT
dem-2898	219	66	2009	2009	NUM
dem-2898	219	67	)	)	PUNCT
dem-2898	219	68	;	;	PUNCT
dem-2898	219	69	the	the	DET
dem-2898	219	70	upper	upper	ADJ
dem-2898	219	71	limit	limit	NOUN
dem-2898	219	72	of	of	ADP
dem-2898	219	73	the	the	DET
dem-2898	219	74	range	range	NOUN
dem-2898	219	75	:	:	PUNCT
dem-2898	219	76	unconditional	unconditional	ADJ
dem-2898	219	77	correlation	correlation	NOUN
dem-2898	219	78	+	+	CCONJ
dem-2898	219	79	2	2	NUM
dem-2898	219	80	error	error	NOUN
dem-2898	219	81	.	.	PUNCT
dem-2898	220	1	determination	determination	NOUN
dem-2898	220	2	of	of	ADP
dem-2898	220	3	the	the	DET
dem-2898	220	4	time	time	NOUN
dem-2898	220	5	of	of	ADP
dem-2898	220	6	contagion	contagion	NOUN
dem-2898	220	7	in	in	ADP
dem-2898	220	8	capital	capital	NOUN
dem-2898	220	9	markets	market	NOUN
dem-2898	220	10	...	...	PUNCT
dem-2898	221	1	dynamic	dynamic	ADJ
dem-2898	221	2	econometric	econometric	ADJ
dem-2898	221	3	models	model	NOUN
dem-2898	221	4	13	13	NUM
dem-2898	221	5	(	(	PUNCT
dem-2898	221	6	2013	2013	NUM
dem-2898	221	7	)	)	PUNCT
dem-2898	221	8	69–85	69–85	NUM
dem-2898	221	9	81	81	NUM
dem-2898	221	10	the	the	DET
dem-2898	221	11	occurrence	occurrence	NOUN
dem-2898	221	12	of	of	ADP
dem-2898	221	13	extreme	extreme	ADJ
dem-2898	221	14	correlations	correlation	NOUN
dem-2898	221	15	under	under	ADP
dem-2898	221	16	regime	regime	NOUN
dem-2898	221	17	2	2	NUM
dem-2898	221	18	only	only	ADV
dem-2898	221	19	means	mean	VERB
dem-2898	221	20	the	the	DET
dem-2898	221	21	time	time	NOUN
dem-2898	221	22	of	of	ADP
dem-2898	221	23	potential	potential	ADJ
dem-2898	221	24	market	market	NOUN
dem-2898	221	25	contagion	contagion	NOUN
dem-2898	221	26	.	.	PUNCT
dem-2898	222	1	only	only	ADV
dem-2898	222	2	the	the	DET
dem-2898	222	3	rejection	rejection	NOUN
dem-2898	222	4	of	of	ADP
dem-2898	222	5	the	the	DET
dem-2898	222	6	null	null	ADJ
dem-2898	222	7	hypothesis	hypothesis	NOUN
dem-2898	222	8	in	in	ADP
dem-2898	222	9	the	the	DET
dem-2898	222	10	test	test	NOUN
dem-2898	222	11	for	for	ADP
dem-2898	222	12	two	two	NUM
dem-2898	222	13	expected	expect	VERB
dem-2898	222	14	values	value	NOUN
dem-2898	222	15	means	mean	VERB
dem-2898	222	16	that	that	SCONJ
dem-2898	222	17	the	the	DET
dem-2898	222	18	process	process	NOUN
dem-2898	222	19	of	of	ADP
dem-2898	222	20	market	market	NOUN
dem-2898	222	21	contagion	contagion	NOUN
dem-2898	222	22	has	have	AUX
dem-2898	222	23	occurred	occur	VERB
dem-2898	222	24	.	.	PUNCT
dem-2898	223	1	the	the	DET
dem-2898	223	2	expected	expect	VERB
dem-2898	223	3	value	value	NOUN
dem-2898	223	4	of	of	ADP
dem-2898	223	5	correlation	correlation	NOUN
dem-2898	223	6	in	in	ADP
dem-2898	223	7	regime	regime	NOUN
dem-2898	223	8	2	2	NUM
dem-2898	223	9	is	be	AUX
dem-2898	223	10	significantly	significantly	ADV
dem-2898	223	11	higher	high	ADJ
dem-2898	223	12	than	than	ADP
dem-2898	223	13	the	the	DET
dem-2898	223	14	expected	expect	VERB
dem-2898	223	15	value	value	NOUN
dem-2898	223	16	of	of	ADP
dem-2898	223	17	correlation	correlation	NOUN
dem-2898	223	18	in	in	ADP
dem-2898	223	19	regime	regime	NOUN
dem-2898	223	20	1	1	NUM
dem-2898	223	21	(	(	PUNCT
dem-2898	223	22	the	the	DET
dem-2898	223	23	time	time	NOUN
dem-2898	223	24	of	of	ADP
dem-2898	223	25	tranquillity	tranquillity	NOUN
dem-2898	223	26	in	in	ADP
dem-2898	223	27	the	the	DET
dem-2898	223	28	market	market	NOUN
dem-2898	223	29	)	)	PUNCT
dem-2898	223	30	in	in	ADP
dem-2898	223	31	all	all	DET
dem-2898	223	32	securities	security	NOUN
dem-2898	223	33	markets	market	NOUN
dem-2898	223	34	except	except	SCONJ
dem-2898	223	35	for	for	ADP
dem-2898	223	36	the	the	DET
dem-2898	223	37	french	french	ADJ
dem-2898	223	38	market	market	NOUN
dem-2898	223	39	(	(	PUNCT
dem-2898	223	40	cac	cac	PROPN
dem-2898	223	41	)	)	PUNCT
dem-2898	223	42	.	.	PUNCT
dem-2898	224	1	the	the	DET
dem-2898	224	2	significance	significance	NOUN
dem-2898	224	3	level	level	NOUN
dem-2898	224	4	that	that	PRON
dem-2898	224	5	allows	allow	VERB
dem-2898	224	6	one	one	PRON
dem-2898	224	7	to	to	PART
dem-2898	224	8	reject	reject	VERB
dem-2898	224	9	the	the	DET
dem-2898	224	10	null	null	ADJ
dem-2898	224	11	hypothesis	hypothesis	NOUN
dem-2898	224	12	is	be	AUX
dem-2898	224	13	,	,	PUNCT
dem-2898	224	14	however	however	ADV
dem-2898	224	15	,	,	PUNCT
dem-2898	224	16	varied	varied	ADJ
dem-2898	224	17	,	,	PUNCT
dem-2898	224	18	which	which	PRON
dem-2898	224	19	is	be	AUX
dem-2898	224	20	highlighted	highlight	VERB
dem-2898	224	21	in	in	ADP
dem-2898	224	22	the	the	DET
dem-2898	224	23	table	table	NOUN
dem-2898	224	24	.	.	PUNCT
dem-2898	225	1	the	the	DET
dem-2898	225	2	frstatistics	frstatistic	NOUN
dem-2898	225	3	assumes	assume	VERB
dem-2898	225	4	the	the	DET
dem-2898	225	5	highest	high	ADJ
dem-2898	225	6	value	value	NOUN
dem-2898	225	7	for	for	ADP
dem-2898	225	8	the	the	DET
dem-2898	225	9	hungarian	hungarian	ADJ
dem-2898	225	10	market	market	NOUN
dem-2898	225	11	.	.	PUNCT
dem-2898	226	1	it	it	PRON
dem-2898	226	2	can	can	AUX
dem-2898	226	3	be	be	AUX
dem-2898	226	4	assumed	assume	VERB
dem-2898	226	5	that	that	SCONJ
dem-2898	226	6	the	the	DET
dem-2898	226	7	value	value	NOUN
dem-2898	226	8	of	of	ADP
dem-2898	226	9	statistics	statistic	NOUN
dem-2898	226	10	reflects	reflect	VERB
dem-2898	226	11	the	the	DET
dem-2898	226	12	effects	effect	NOUN
dem-2898	226	13	of	of	ADP
dem-2898	226	14	contagion	contagion	NOUN
dem-2898	226	15	.	.	PUNCT
dem-2898	227	1	the	the	PRON
dem-2898	227	2	higher	high	ADJ
dem-2898	227	3	the	the	DET
dem-2898	227	4	value	value	NOUN
dem-2898	227	5	of	of	ADP
dem-2898	227	6	statistics	statistic	NOUN
dem-2898	227	7	,	,	PUNCT
dem-2898	227	8	the	the	PRON
dem-2898	227	9	more	more	ADV
dem-2898	227	10	severe	severe	ADJ
dem-2898	227	11	the	the	DET
dem-2898	227	12	effects	effect	NOUN
dem-2898	227	13	of	of	ADP
dem-2898	227	14	market	market	NOUN
dem-2898	227	15	contagion	contagion	NOUN
dem-2898	227	16	.	.	PUNCT
dem-2898	228	1	the	the	DET
dem-2898	228	2	probability	probability	NOUN
dem-2898	228	3	of	of	ADP
dem-2898	228	4	remaining	remain	VERB
dem-2898	228	5	under	under	ADP
dem-2898	228	6	each	each	PRON
dem-2898	228	7	of	of	ADP
dem-2898	228	8	the	the	DET
dem-2898	228	9	regimes	regime	NOUN
dem-2898	228	10	,	,	PUNCT
dem-2898	228	11	which	which	PRON
dem-2898	228	12	is	be	AUX
dem-2898	228	13	provided	provide	VERB
dem-2898	228	14	in	in	ADP
dem-2898	228	15	table	table	NOUN
dem-2898	228	16	2	2	NUM
dem-2898	228	17	,	,	PUNCT
dem-2898	228	18	is	be	AUX
dem-2898	228	19	high	high	ADJ
dem-2898	228	20	,	,	PUNCT
dem-2898	228	21	which	which	PRON
dem-2898	228	22	means	mean	VERB
dem-2898	228	23	that	that	SCONJ
dem-2898	228	24	the	the	DET
dem-2898	228	25	highlighted	highlight	VERB
dem-2898	228	26	regimes	regime	NOUN
dem-2898	228	27	are	be	AUX
dem-2898	228	28	persistent	persistent	ADJ
dem-2898	228	29	.	.	PUNCT
dem-2898	229	1	the	the	DET
dem-2898	229	2	analysis	analysis	NOUN
dem-2898	229	3	of	of	ADP
dem-2898	229	4	charts	chart	NOUN
dem-2898	229	5	in	in	ADP
dem-2898	229	6	figure	figure	NOUN
dem-2898	229	7	2	2	NUM
dem-2898	229	8	allows	allow	VERB
dem-2898	229	9	one	one	NUM
dem-2898	229	10	to	to	PART
dem-2898	229	11	compare	compare	VERB
dem-2898	229	12	the	the	DET
dem-2898	229	13	frequency	frequency	NOUN
dem-2898	229	14	of	of	ADP
dem-2898	229	15	an	an	DET
dem-2898	229	16	index	index	NOUN
dem-2898	229	17	being	be	AUX
dem-2898	229	18	under	under	ADP
dem-2898	229	19	regime	regime	NOUN
dem-2898	229	20	2	2	NUM
dem-2898	229	21	and	and	CCONJ
dem-2898	229	22	the	the	DET
dem-2898	229	23	time	time	NOUN
dem-2898	229	24	of	of	ADP
dem-2898	229	25	remaining	remain	VERB
dem-2898	229	26	there	there	ADV
dem-2898	229	27	.	.	PUNCT
dem-2898	230	1	the	the	DET
dem-2898	230	2	additional	additional	ADJ
dem-2898	230	3	,	,	PUNCT
dem-2898	230	4	horizontal	horizontal	ADJ
dem-2898	230	5	and	and	CCONJ
dem-2898	230	6	dashed	dash	VERB
dem-2898	230	7	line	line	NOUN
dem-2898	230	8	makes	make	VERB
dem-2898	230	9	it	it	PRON
dem-2898	230	10	possible	possible	ADJ
dem-2898	230	11	to	to	PART
dem-2898	230	12	relate	relate	VERB
dem-2898	230	13	indicated	indicate	VERB
dem-2898	230	14	periods	period	NOUN
dem-2898	230	15	to	to	ADP
dem-2898	230	16	the	the	DET
dem-2898	230	17	time	time	NOUN
dem-2898	230	18	of	of	ADP
dem-2898	230	19	potential	potential	ADJ
dem-2898	230	20	market	market	NOUN
dem-2898	230	21	contagion	contagion	NOUN
dem-2898	230	22	as	as	SCONJ
dem-2898	230	23	identified	identify	VERB
dem-2898	230	24	based	base	VERB
dem-2898	230	25	on	on	ADP
dem-2898	230	26	a	a	DET
dem-2898	230	27	range	range	NOUN
dem-2898	230	28	for	for	ADP
dem-2898	230	29	unconditional	unconditional	ADJ
dem-2898	230	30	correlations	correlation	NOUN
dem-2898	230	31	.	.	PUNCT
dem-2898	231	1	in	in	ADP
dem-2898	231	2	this	this	DET
dem-2898	231	3	case	case	NOUN
dem-2898	231	4	,	,	PUNCT
dem-2898	231	5	those	those	DET
dem-2898	231	6	correlations	correlation	NOUN
dem-2898	231	7	which	which	PRON
dem-2898	231	8	fall	fall	VERB
dem-2898	231	9	outside	outside	ADP
dem-2898	231	10	the	the	DET
dem-2898	231	11	upper	upper	NOUN
dem-2898	231	12	and	and	CCONJ
dem-2898	231	13	the	the	DET
dem-2898	231	14	lower	low	ADJ
dem-2898	231	15	limits	limit	NOUN
dem-2898	231	16	determined	determine	VERB
dem-2898	231	17	by	by	ADP
dem-2898	231	18	a	a	DET
dem-2898	231	19	double	double	ADJ
dem-2898	231	20	estimation	estimation	NOUN
dem-2898	231	21	error	error	NOUN
dem-2898	231	22	are	be	AUX
dem-2898	231	23	assumed	assume	VERB
dem-2898	231	24	to	to	PART
dem-2898	231	25	be	be	AUX
dem-2898	231	26	extremely	extremely	ADV
dem-2898	231	27	high	high	ADJ
dem-2898	231	28	and	and	CCONJ
dem-2898	231	29	extremely	extremely	ADV
dem-2898	231	30	low	low	ADJ
dem-2898	231	31	correlations	correlation	NOUN
dem-2898	231	32	,	,	PUNCT
dem-2898	231	33	respectively	respectively	ADV
dem-2898	231	34	.	.	PUNCT
dem-2898	232	1	the	the	DET
dem-2898	232	2	time	time	NOUN
dem-2898	232	3	of	of	ADP
dem-2898	232	4	tranquillity	tranquillity	NOUN
dem-2898	232	5	in	in	ADP
dem-2898	232	6	a	a	DET
dem-2898	232	7	market	market	NOUN
dem-2898	232	8	is	be	AUX
dem-2898	232	9	represented	represent	VERB
dem-2898	232	10	by	by	ADP
dem-2898	232	11	correlations	correlation	NOUN
dem-2898	232	12	from	from	ADP
dem-2898	232	13	a	a	DET
dem-2898	232	14	range	range	NOUN
dem-2898	232	15	determined	determine	VERB
dem-2898	232	16	in	in	ADP
dem-2898	232	17	this	this	DET
dem-2898	232	18	way	way	NOUN
dem-2898	232	19	.	.	PUNCT
dem-2898	233	1	as	as	ADP
dem-2898	233	2	for	for	ADP
dem-2898	233	3	arbitrary	arbitrary	ADJ
dem-2898	233	4	arrangements	arrangement	NOUN
dem-2898	233	5	,	,	PUNCT
dem-2898	233	6	it	it	PRON
dem-2898	233	7	should	should	AUX
dem-2898	233	8	be	be	AUX
dem-2898	233	9	remembered	remember	VERB
dem-2898	233	10	that	that	SCONJ
dem-2898	233	11	the	the	DET
dem-2898	233	12	sample	sample	NOUN
dem-2898	233	13	was	be	AUX
dem-2898	233	14	only	only	ADV
dem-2898	233	15	divided	divide	VERB
dem-2898	233	16	into	into	ADP
dem-2898	233	17	two	two	NUM
dem-2898	233	18	subsets	subset	NOUN
dem-2898	233	19	.	.	PUNCT
dem-2898	234	1	total	total	ADJ
dem-2898	234	2	duration	duration	NOUN
dem-2898	234	3	times	time	NOUN
dem-2898	234	4	of	of	ADP
dem-2898	234	5	the	the	DET
dem-2898	234	6	potential	potential	ADJ
dem-2898	234	7	market	market	NOUN
dem-2898	234	8	contagion	contagion	NOUN
dem-2898	234	9	period	period	NOUN
dem-2898	234	10	are	be	AUX
dem-2898	234	11	provided	provide	VERB
dem-2898	234	12	in	in	ADP
dem-2898	234	13	table	table	NOUN
dem-2898	234	14	3	3	NUM
dem-2898	234	15	.	.	PUNCT
dem-2898	235	1	the	the	DET
dem-2898	235	2	longest	long	ADJ
dem-2898	235	3	time	time	NOUN
dem-2898	235	4	is	be	AUX
dem-2898	235	5	for	for	ADP
dem-2898	235	6	an	an	DET
dem-2898	235	7	arbitrary	arbitrary	ADJ
dem-2898	235	8	division	division	NOUN
dem-2898	235	9	and	and	CCONJ
dem-2898	235	10	the	the	DET
dem-2898	235	11	shortest	short	ADJ
dem-2898	235	12	for	for	ADP
dem-2898	235	13	the	the	DET
dem-2898	235	14	range	range	NOUN
dem-2898	235	15	for	for	ADP
dem-2898	235	16	unconditional	unconditional	ADJ
dem-2898	235	17	correlations	correlation	NOUN
dem-2898	235	18	.	.	PUNCT
dem-2898	236	1	the	the	DET
dem-2898	236	2	switching	switch	VERB
dem-2898	236	3	model	model	NOUN
dem-2898	236	4	indicated	indicate	VERB
dem-2898	236	5	that	that	SCONJ
dem-2898	236	6	the	the	DET
dem-2898	236	7	period	period	NOUN
dem-2898	236	8	of	of	ADP
dem-2898	236	9	potential	potential	ADJ
dem-2898	236	10	contagion	contagion	NOUN
dem-2898	236	11	in	in	ADP
dem-2898	236	12	the	the	DET
dem-2898	236	13	hungarian	hungarian	ADJ
dem-2898	236	14	market	market	NOUN
dem-2898	236	15	was	be	AUX
dem-2898	236	16	the	the	DET
dem-2898	236	17	longest	long	ADJ
dem-2898	236	18	.	.	PUNCT
dem-2898	237	1	table	table	NOUN
dem-2898	237	2	3	3	NUM
dem-2898	237	3	.	.	PUNCT
dem-2898	238	1	the	the	DET
dem-2898	238	2	number	number	NOUN
dem-2898	238	3	of	of	ADP
dem-2898	238	4	observations	observation	NOUN
dem-2898	238	5	during	during	ADP
dem-2898	238	6	the	the	DET
dem-2898	238	7	potential	potential	ADJ
dem-2898	238	8	period	period	NOUN
dem-2898	238	9	of	of	ADP
dem-2898	238	10	market	market	NOUN
dem-2898	238	11	contagion	contagion	NOUN
dem-2898	238	12	metod	metod	VERB
dem-2898	238	13	ath	ath	PROPN
dem-2898	238	14	ibex	ibex	PROPN
dem-2898	238	15	bux	bux	PROPN
dem-2898	238	16	wig20	wig20	PROPN
dem-2898	238	17	cac	cac	PROPN
dem-2898	238	18	dax	dax	PROPN
dem-2898	238	19	arbitrary	arbitrary	ADJ
dem-2898	238	20	arrangements	arrangement	NOUN
dem-2898	238	21	511	511	NUM
dem-2898	238	22	511	511	NUM
dem-2898	238	23	511	511	NUM
dem-2898	238	24	511	511	NUM
dem-2898	238	25	511	511	NUM
dem-2898	238	26	511	511	NUM
dem-2898	238	27	switching	switching	NOUN
dem-2898	238	28	model	model	NOUN
dem-2898	238	29	–	–	PUNCT
dem-2898	238	30	regime	regime	NOUN
dem-2898	238	31	2	2	NUM
dem-2898	238	32	360	360	NUM
dem-2898	238	33	212	212	NUM
dem-2898	238	34	439	439	NUM
dem-2898	238	35	374	374	NUM
dem-2898	238	36	185	185	NUM
dem-2898	238	37	339	339	NUM
dem-2898	238	38	range	range	NOUN
dem-2898	238	39	for	for	ADP
dem-2898	238	40	unconditional	unconditional	ADJ
dem-2898	238	41	correlations	correlation	NOUN
dem-2898	238	42	161	161	NUM
dem-2898	238	43	89	89	NUM
dem-2898	238	44	243	243	NUM
dem-2898	238	45	101	101	NUM
dem-2898	238	46	57	57	NUM
dem-2898	238	47	81	81	NUM
dem-2898	238	48	a	a	DET
dem-2898	238	49	comparison	comparison	NOUN
dem-2898	238	50	of	of	ADP
dem-2898	238	51	the	the	DET
dem-2898	238	52	results	result	NOUN
dem-2898	238	53	of	of	ADP
dem-2898	238	54	tests	test	NOUN
dem-2898	238	55	of	of	ADP
dem-2898	238	56	the	the	DET
dem-2898	238	57	significance	significance	NOUN
dem-2898	238	58	of	of	ADP
dem-2898	238	59	occurrence	occurrence	NOUN
dem-2898	238	60	of	of	ADP
dem-2898	238	61	contagion	contagion	NOUN
dem-2898	238	62	spreading	spread	VERB
dem-2898	238	63	from	from	ADP
dem-2898	238	64	the	the	DET
dem-2898	238	65	u.s	u.s	PROPN
dem-2898	238	66	.	.	PROPN
dem-2898	238	67	market	market	NOUN
dem-2898	238	68	to	to	ADP
dem-2898	238	69	a	a	DET
dem-2898	238	70	given	give	VERB
dem-2898	238	71	market	market	NOUN
dem-2898	238	72	is	be	AUX
dem-2898	238	73	presented	present	VERB
dem-2898	238	74	in	in	ADP
dem-2898	238	75	table	table	NOUN
dem-2898	238	76	4	4	NUM
dem-2898	238	77	.	.	PUNCT
dem-2898	239	1	milda	milda	PROPN
dem-2898	239	2	maria	maria	PROPN
dem-2898	239	3	burzała	burzała	PROPN
dem-2898	239	4	dynamic	dynamic	ADJ
dem-2898	239	5	econometric	econometric	ADJ
dem-2898	239	6	models	model	NOUN
dem-2898	239	7	13	13	NUM
dem-2898	239	8	(	(	PUNCT
dem-2898	239	9	2013	2013	NUM
dem-2898	239	10	)	)	PUNCT
dem-2898	239	11	69–85	69–85	NUM
dem-2898	239	12	82	82	NUM
dem-2898	239	13	table	table	NOUN
dem-2898	239	14	4	4	NUM
dem-2898	239	15	.	.	PUNCT
dem-2898	240	1	a	a	DET
dem-2898	240	2	comparison	comparison	NOUN
dem-2898	240	3	of	of	ADP
dem-2898	240	4	the	the	DET
dem-2898	240	5	results	result	NOUN
dem-2898	240	6	of	of	ADP
dem-2898	240	7	testing	test	VERB
dem-2898	240	8	the	the	DET
dem-2898	240	9	significance	significance	NOUN
dem-2898	240	10	of	of	ADP
dem-2898	240	11	contagion	contagion	NOUN
dem-2898	240	12	in	in	ADP
dem-2898	240	13	a	a	DET
dem-2898	240	14	market	market	NOUN
dem-2898	240	15	method	method	NOUN
dem-2898	240	16	index	index	NOUN
dem-2898	240	17	ath	ath	PROPN
dem-2898	240	18	ibex	ibex	PROPN
dem-2898	240	19	bux	bux	PROPN
dem-2898	240	20	wig20	wig20	PROPN
dem-2898	240	21	cac	cac	PROPN
dem-2898	240	22	dax	dax	PROPN
dem-2898	240	23	arbitrary	arbitrary	ADJ
dem-2898	240	24	arrangements	arrangement	NOUN
dem-2898	240	25	contagion	contagion	NOUN
dem-2898	240	26	0.416	0.416	NUM
dem-2898	240	27	0.594	0.594	NUM
dem-2898	240	28	0.360	0.360	NUM
dem-2898	240	29	0.427	0.427	NUM
dem-2898	240	30	0.650	0.650	NUM
dem-2898	240	31	0.654	0.654	NUM
dem-2898	240	32	tranquility	tranquility	NOUN
dem-2898	240	33	0.349	0.349	NUM
dem-2898	240	34	0.562	0.562	NUM
dem-2898	240	35	0.267	0.267	NUM
dem-2898	240	36	0.315	0.315	NUM
dem-2898	240	37	0.614	0.614	NUM
dem-2898	240	38	0.613	0.613	NUM
dem-2898	240	39	fr	fr	ADJ
dem-2898	240	40	-	-	PUNCT
dem-2898	240	41	statistic	statistic	NOUN
dem-2898	240	42	1.309	1.309	NUM
dem-2898	240	43	*	*	NOUN
dem-2898	240	44	0.770	0.770	NUM
dem-2898	240	45	1.641	1.641	NUM
dem-2898	240	46	*	*	NOUN
dem-2898	240	47	2.072	2.072	NUM
dem-2898	240	48	*	*	NOUN
dem-2898	240	49	*	*	PUNCT
dem-2898	240	50	0.966	0.966	NUM
dem-2898	240	51	1.096	1.096	NUM
dem-2898	240	52	switching	switch	VERB
dem-2898	240	53	model	model	NOUN
dem-2898	240	54	contagion	contagion	NOUN
dem-2898	240	55	0.482	0.482	NUM
dem-2898	240	56	0.672	0.672	NUM
dem-2898	240	57	0.440	0.440	NUM
dem-2898	240	58	0.468	0.468	NUM
dem-2898	240	59	0.691	0.691	NUM
dem-2898	240	60	0.710	0.710	NUM
dem-2898	240	61	tranquility	tranquility	NOUN
dem-2898	240	62	0.372	0.372	NUM
dem-2898	240	63	0.598	0.598	NUM
dem-2898	240	64	0.271	0.271	NUM
dem-2898	240	65	0.372	0.372	NUM
dem-2898	240	66	0.638	0.638	NUM
dem-2898	240	67	0.632	0.632	NUM
dem-2898	240	68	fr	fr	ADJ
dem-2898	240	69	-	-	PUNCT
dem-2898	240	70	statistic	statistic	NOUN
dem-2898	240	71	1.820	1.820	NUM
dem-2898	240	72	*	*	NOUN
dem-2898	240	73	*	*	PUNCT
dem-2898	240	74	1.449	1.449	NUM
dem-2898	240	75	*	*	NOUN
dem-2898	240	76	2.811	2.811	NUM
dem-2898	240	77	*	*	PUNCT
dem-2898	240	78	*	*	PUNCT
dem-2898	240	79	*	*	PUNCT
dem-2898	240	80	1.545	1.545	NUM
dem-2898	240	81	*	*	NOUN
dem-2898	240	82	1.132	1.132	NUM
dem-2898	240	83	1.989	1.989	NUM
dem-2898	240	84	*	*	PUNCT
dem-2898	240	85	*	*	ADJ
dem-2898	240	86	range	range	NOUN
dem-2898	240	87	for	for	ADP
dem-2898	240	88	unconditional	unconditional	ADJ
dem-2898	240	89	correlations	correlation	NOUN
dem-2898	240	90	contagion	contagion	NOUN
dem-2898	240	91	0.535	0.535	NUM
dem-2898	240	92	0.702	0.702	NUM
dem-2898	240	93	0.492	0.492	NUM
dem-2898	240	94	0.574	0.574	NUM
dem-2898	240	95	0.731	0.731	NUM
dem-2898	240	96	0.771	0.771	NUM
dem-2898	240	97	tranquility	tranquility	NOUN
dem-2898	240	98	0.384	0.384	NUM
dem-2898	240	99	0.584	0.584	NUM
dem-2898	240	100	0.321	0.321	NUM
dem-2898	240	101	0.405	0.405	NUM
dem-2898	240	102	0.639	0.639	NUM
dem-2898	240	103	0.653	0.653	NUM
dem-2898	240	104	fr	fr	ADJ
dem-2898	240	105	-	-	PUNCT
dem-2898	240	106	statistic	statistic	NOUN
dem-2898	240	107	2.019	2.019	NUM
dem-2898	240	108	*	*	NOUN
dem-2898	240	109	*	*	PUNCT
dem-2898	240	110	1.788	1.788	NUM
dem-2898	240	111	*	*	PUNCT
dem-2898	240	112	*	*	PUNCT
dem-2898	240	113	2.647	2.647	NUM
dem-2898	240	114	*	*	PUNCT
dem-2898	240	115	*	*	PUNCT
dem-2898	240	116	*	*	PUNCT
dem-2898	240	117	1.572	1.572	NUM
dem-2898	240	118	*	*	NUM
dem-2898	240	119	1.237	1.237	NUM
dem-2898	240	120	2.030	2.030	NUM
dem-2898	240	121	*	*	PUNCT
dem-2898	240	122	*	*	PUNCT
dem-2898	240	123	note	note	NOUN
dem-2898	240	124	:	:	PUNCT
dem-2898	240	125	“	"	PUNCT
dem-2898	240	126	contagion	contagion	NOUN
dem-2898	240	127	”	"	PUNCT
dem-2898	240	128	means	mean	VERB
dem-2898	240	129	the	the	DET
dem-2898	240	130	time	time	NOUN
dem-2898	240	131	of	of	ADP
dem-2898	240	132	potential	potential	ADJ
dem-2898	240	133	market	market	NOUN
dem-2898	240	134	contagion	contagion	NOUN
dem-2898	240	135	.	.	PUNCT
dem-2898	241	1	for	for	ADP
dem-2898	241	2	five	five	NUM
dem-2898	241	3	indices	index	NOUN
dem-2898	241	4	the	the	DET
dem-2898	241	5	values	value	NOUN
dem-2898	241	6	of	of	ADP
dem-2898	241	7	the	the	DET
dem-2898	241	8	fr	fr	PROPN
dem-2898	241	9	-	-	PUNCT
dem-2898	241	10	statistics	statistic	NOUN
dem-2898	241	11	recorded	record	VERB
dem-2898	241	12	in	in	ADP
dem-2898	241	13	the	the	DET
dem-2898	241	14	case	case	NOUN
dem-2898	241	15	of	of	ADP
dem-2898	241	16	the	the	DET
dem-2898	241	17	switching	switch	VERB
dem-2898	241	18	model	model	NOUN
dem-2898	241	19	are	be	AUX
dem-2898	241	20	lower	low	ADJ
dem-2898	241	21	than	than	ADP
dem-2898	241	22	the	the	DET
dem-2898	241	23	corresponding	corresponding	ADJ
dem-2898	241	24	statistics	statistic	NOUN
dem-2898	241	25	in	in	ADP
dem-2898	241	26	the	the	DET
dem-2898	241	27	analysis	analysis	NOUN
dem-2898	241	28	of	of	ADP
dem-2898	241	29	unconditional	unconditional	ADJ
dem-2898	241	30	correlations	correlation	NOUN
dem-2898	241	31	,	,	PUNCT
dem-2898	241	32	which	which	PRON
dem-2898	241	33	has	have	VERB
dem-2898	241	34	an	an	DET
dem-2898	241	35	effect	effect	NOUN
dem-2898	241	36	on	on	ADP
dem-2898	241	37	conclusions	conclusion	NOUN
dem-2898	241	38	about	about	ADP
dem-2898	241	39	contagion	contagion	NOUN
dem-2898	241	40	.	.	PUNCT
dem-2898	242	1	the	the	DET
dem-2898	242	2	occurrence	occurrence	NOUN
dem-2898	242	3	of	of	ADP
dem-2898	242	4	the	the	DET
dem-2898	242	5	contagion	contagion	NOUN
dem-2898	242	6	process	process	NOUN
dem-2898	242	7	is	be	AUX
dem-2898	242	8	registered	register	VERB
dem-2898	242	9	more	more	ADV
dem-2898	242	10	often	often	ADV
dem-2898	242	11	(	(	PUNCT
dem-2898	242	12	for	for	ADP
dem-2898	242	13	lower	low	ADJ
dem-2898	242	14	significance	significance	NOUN
dem-2898	242	15	levels	level	NOUN
dem-2898	242	16	)	)	PUNCT
dem-2898	242	17	in	in	ADP
dem-2898	242	18	the	the	DET
dem-2898	242	19	analysis	analysis	NOUN
dem-2898	242	20	of	of	ADP
dem-2898	242	21	a	a	DET
dem-2898	242	22	range	range	NOUN
dem-2898	242	23	for	for	ADP
dem-2898	242	24	unconditional	unconditional	ADJ
dem-2898	242	25	correlation	correlation	NOUN
dem-2898	242	26	.	.	PUNCT
dem-2898	243	1	the	the	DET
dem-2898	243	2	opposite	opposite	NOUN
dem-2898	243	3	is	be	AUX
dem-2898	243	4	true	true	ADJ
dem-2898	243	5	only	only	ADV
dem-2898	243	6	for	for	ADP
dem-2898	243	7	the	the	DET
dem-2898	243	8	bux	bux	PROPN
dem-2898	243	9	index	index	PROPN
dem-2898	243	10	,	,	PUNCT
dem-2898	243	11	which	which	PRON
dem-2898	243	12	probably	probably	ADV
dem-2898	243	13	results	result	VERB
dem-2898	243	14	from	from	ADP
dem-2898	243	15	small	small	ADJ
dem-2898	243	16	differences	difference	NOUN
dem-2898	243	17	between	between	ADP
dem-2898	243	18	the	the	DET
dem-2898	243	19	duration	duration	NOUN
dem-2898	243	20	times	time	NOUN
dem-2898	243	21	of	of	ADP
dem-2898	243	22	market	market	NOUN
dem-2898	243	23	contagion	contagion	NOUN
dem-2898	243	24	that	that	PRON
dem-2898	243	25	are	be	AUX
dem-2898	243	26	determined	determine	VERB
dem-2898	243	27	by	by	ADP
dem-2898	243	28	using	use	VERB
dem-2898	243	29	different	different	ADJ
dem-2898	243	30	methods	method	NOUN
dem-2898	243	31	.	.	PUNCT
dem-2898	244	1	the	the	DET
dem-2898	244	2	lowest	low	ADJ
dem-2898	244	3	values	value	NOUN
dem-2898	244	4	of	of	ADP
dem-2898	244	5	the	the	DET
dem-2898	244	6	frstatistics	frstatistic	NOUN
dem-2898	244	7	are	be	AUX
dem-2898	244	8	usually	usually	ADV
dem-2898	244	9	recorded	record	VERB
dem-2898	244	10	for	for	ADP
dem-2898	244	11	an	an	DET
dem-2898	244	12	arbitrary	arbitrary	ADJ
dem-2898	244	13	division	division	NOUN
dem-2898	244	14	.	.	PUNCT
dem-2898	245	1	detailed	detailed	ADJ
dem-2898	245	2	results	result	NOUN
dem-2898	245	3	and	and	CCONJ
dem-2898	245	4	significance	significance	NOUN
dem-2898	245	5	levels	level	NOUN
dem-2898	245	6	are	be	AUX
dem-2898	245	7	provided	provide	VERB
dem-2898	245	8	in	in	ADP
dem-2898	245	9	table	table	NOUN
dem-2898	245	10	4	4	NUM
dem-2898	245	11	.	.	PUNCT
dem-2898	246	1	conclusions	conclusion	NOUN
dem-2898	246	2	it	it	PRON
dem-2898	246	3	is	be	AUX
dem-2898	246	4	relatively	relatively	ADV
dem-2898	246	5	difficult	difficult	ADJ
dem-2898	246	6	to	to	PART
dem-2898	246	7	date	date	VERB
dem-2898	246	8	a	a	DET
dem-2898	246	9	crisis	crisis	NOUN
dem-2898	246	10	in	in	ADP
dem-2898	246	11	financial	financial	ADJ
dem-2898	246	12	markets	market	NOUN
dem-2898	246	13	.	.	PUNCT
dem-2898	247	1	during	during	ADP
dem-2898	247	2	periods	period	NOUN
dem-2898	247	3	determined	determine	VERB
dem-2898	247	4	based	base	VERB
dem-2898	247	5	on	on	ADP
dem-2898	247	6	events	event	NOUN
dem-2898	247	7	that	that	PRON
dem-2898	247	8	change	change	VERB
dem-2898	247	9	the	the	DET
dem-2898	247	10	behaviour	behaviour	NOUN
dem-2898	247	11	of	of	ADP
dem-2898	247	12	rates	rate	NOUN
dem-2898	247	13	of	of	ADP
dem-2898	247	14	return	return	NOUN
dem-2898	247	15	,	,	PUNCT
dem-2898	247	16	both	both	CCONJ
dem-2898	247	17	high	high	ADJ
dem-2898	247	18	and	and	CCONJ
dem-2898	247	19	low	low	ADJ
dem-2898	247	20	correlation	correlation	NOUN
dem-2898	247	21	between	between	ADP
dem-2898	247	22	markets	market	NOUN
dem-2898	247	23	can	can	AUX
dem-2898	247	24	be	be	AUX
dem-2898	247	25	observed	observe	VERB
dem-2898	247	26	.	.	PUNCT
dem-2898	248	1	this	this	DET
dem-2898	248	2	paper	paper	NOUN
dem-2898	248	3	proposes	propose	VERB
dem-2898	248	4	indicating	indicate	VERB
dem-2898	248	5	the	the	DET
dem-2898	248	6	periods	period	NOUN
dem-2898	248	7	of	of	ADP
dem-2898	248	8	potential	potential	ADJ
dem-2898	248	9	market	market	NOUN
dem-2898	248	10	contagion	contagion	NOUN
dem-2898	248	11	on	on	ADP
dem-2898	248	12	the	the	DET
dem-2898	248	13	basis	basis	NOUN
dem-2898	248	14	of	of	ADP
dem-2898	248	15	a	a	DET
dem-2898	248	16	one	one	NUM
dem-2898	248	17	-	-	PUNCT
dem-2898	248	18	dimensional	dimensional	ADJ
dem-2898	248	19	switching	switching	NOUN
dem-2898	248	20	model	model	NOUN
dem-2898	248	21	.	.	PUNCT
dem-2898	249	1	tests	test	NOUN
dem-2898	249	2	made	make	VERB
dem-2898	249	3	confirm	confirm	VERB
dem-2898	249	4	the	the	DET
dem-2898	249	5	legitimacy	legitimacy	NOUN
dem-2898	249	6	of	of	ADP
dem-2898	249	7	the	the	DET
dem-2898	249	8	use	use	NOUN
dem-2898	249	9	of	of	ADP
dem-2898	249	10	simple	simple	ADJ
dem-2898	249	11	switching	switching	NOUN
dem-2898	249	12	model	model	NOUN
dem-2898	249	13	to	to	PART
dem-2898	249	14	determine	determine	VERB
dem-2898	249	15	potential	potential	ADJ
dem-2898	249	16	market	market	NOUN
dem-2898	249	17	contagion	contagion	NOUN
dem-2898	249	18	periods	period	NOUN
dem-2898	249	19	.	.	PUNCT
dem-2898	250	1	further	further	ADJ
dem-2898	250	2	studies	study	NOUN
dem-2898	250	3	should	should	AUX
dem-2898	250	4	be	be	AUX
dem-2898	250	5	conducted	conduct	VERB
dem-2898	250	6	–	–	PUNCT
dem-2898	250	7	it	it	PRON
dem-2898	250	8	is	be	AUX
dem-2898	250	9	important	important	ADJ
dem-2898	250	10	to	to	PART
dem-2898	250	11	compare	compare	VERB
dem-2898	250	12	obtained	obtain	VERB
dem-2898	250	13	results	result	NOUN
dem-2898	250	14	with	with	ADP
dem-2898	250	15	the	the	DET
dem-2898	250	16	results	result	NOUN
dem-2898	250	17	from	from	ADP
dem-2898	250	18	multidimensional	multidimensional	ADJ
dem-2898	250	19	model	model	NOUN
dem-2898	250	20	,	,	PUNCT
dem-2898	250	21	where	where	SCONJ
dem-2898	250	22	switches	switch	NOUN
dem-2898	250	23	are	be	AUX
dem-2898	250	24	determined	determine	VERB
dem-2898	250	25	based	base	VERB
dem-2898	250	26	on	on	ADP
dem-2898	250	27	the	the	DET
dem-2898	250	28	changes	change	NOUN
dem-2898	250	29	of	of	ADP
dem-2898	250	30	expected	expect	VERB
dem-2898	250	31	value	value	NOUN
dem-2898	250	32	,	,	PUNCT
dem-2898	250	33	variance	variance	NOUN
dem-2898	250	34	,	,	PUNCT
dem-2898	250	35	and	and	CCONJ
dem-2898	250	36	covariance	covariance	NOUN
dem-2898	250	37	.	.	PUNCT
dem-2898	251	1	in	in	ADP
dem-2898	251	2	the	the	DET
dem-2898	251	3	paper	paper	NOUN
dem-2898	251	4	such	such	ADJ
dem-2898	251	5	comparisons	comparison	NOUN
dem-2898	251	6	were	be	AUX
dem-2898	251	7	not	not	PART
dem-2898	251	8	made	make	VERB
dem-2898	251	9	because	because	SCONJ
dem-2898	251	10	of	of	ADP
dem-2898	251	11	the	the	DET
dem-2898	251	12	lack	lack	NOUN
dem-2898	251	13	of	of	ADP
dem-2898	251	14	appropriate	appropriate	ADJ
dem-2898	251	15	software	software	NOUN
dem-2898	251	16	.	.	PUNCT
dem-2898	252	1	occurrence	occurrence	NOUN
dem-2898	252	2	of	of	ADP
dem-2898	252	3	persistence	persistence	NOUN
dem-2898	252	4	suggest	suggest	VERB
dem-2898	252	5	,	,	PUNCT
dem-2898	252	6	that	that	SCONJ
dem-2898	252	7	further	further	ADJ
dem-2898	252	8	studies	study	NOUN
dem-2898	252	9	should	should	AUX
dem-2898	252	10	also	also	ADV
dem-2898	252	11	include	include	VERB
dem-2898	252	12	inference	inference	NOUN
dem-2898	252	13	based	base	VERB
dem-2898	252	14	on	on	ADP
dem-2898	252	15	the	the	DET
dem-2898	252	16	integrated	integrate	VERB
dem-2898	252	17	model	model	NOUN
dem-2898	252	18	.	.	PUNCT
dem-2898	253	1	results	result	NOUN
dem-2898	253	2	confirm	confirm	VERB
dem-2898	253	3	the	the	DET
dem-2898	253	4	conclusions	conclusion	NOUN
dem-2898	253	5	made	make	VERB
dem-2898	253	6	by	by	ADP
dem-2898	253	7	the	the	DET
dem-2898	253	8	author	author	NOUN
dem-2898	253	9	on	on	ADP
dem-2898	253	10	the	the	DET
dem-2898	253	11	subject	subject	NOUN
dem-2898	253	12	of	of	ADP
dem-2898	253	13	contagion	contagion	NOUN
dem-2898	253	14	on	on	ADP
dem-2898	253	15	the	the	DET
dem-2898	253	16	basis	basis	NOUN
dem-2898	253	17	of	of	ADP
dem-2898	253	18	logit	logit	PROPN
dem-2898	253	19	model	model	NOUN
dem-2898	253	20	for	for	ADP
dem-2898	253	21	panel	panel	NOUN
dem-2898	253	22	data	datum	NOUN
dem-2898	253	23	(	(	PUNCT
dem-2898	253	24	burzała	burzała	NOUN
dem-2898	253	25	,	,	PUNCT
dem-2898	253	26	2012	2012	NUM
dem-2898	253	27	)	)	PUNCT
dem-2898	253	28	.	.	PUNCT
dem-2898	254	1	significant	significant	ADJ
dem-2898	254	2	contagion	contagion	NOUN
dem-2898	254	3	effects	effect	NOUN
dem-2898	254	4	were	be	AUX
dem-2898	254	5	observed	observe	VERB
dem-2898	254	6	on	on	ADP
dem-2898	254	7	german	german	ADJ
dem-2898	254	8	market	market	NOUN
dem-2898	254	9	,	,	PUNCT
dem-2898	254	10	less	less	ADV
dem-2898	254	11	significant	significant	ADJ
dem-2898	254	12	–	–	PUNCT
dem-2898	254	13	determination	determination	NOUN
dem-2898	254	14	of	of	ADP
dem-2898	254	15	the	the	DET
dem-2898	254	16	time	time	NOUN
dem-2898	254	17	of	of	ADP
dem-2898	254	18	contagion	contagion	NOUN
dem-2898	254	19	in	in	ADP
dem-2898	254	20	capital	capital	NOUN
dem-2898	254	21	markets	market	NOUN
dem-2898	254	22	...	...	PUNCT
dem-2898	254	23	dynamic	dynamic	ADJ
dem-2898	254	24	econometric	econometric	ADJ
dem-2898	254	25	models	model	NOUN
dem-2898	254	26	13	13	NUM
dem-2898	254	27	(	(	PUNCT
dem-2898	254	28	2013	2013	NUM
dem-2898	254	29	)	)	PUNCT
dem-2898	254	30	69–85	69–85	NUM
dem-2898	254	31	83	83	NUM
dem-2898	254	32	on	on	ADP
dem-2898	254	33	polish	polish	NOUN
dem-2898	254	34	,	,	PUNCT
dem-2898	254	35	and	and	CCONJ
dem-2898	254	36	the	the	DET
dem-2898	254	37	lack	lack	NOUN
dem-2898	254	38	of	of	ADP
dem-2898	254	39	significant	significant	ADJ
dem-2898	254	40	contagion	contagion	NOUN
dem-2898	254	41	effects	effect	NOUN
dem-2898	254	42	were	be	AUX
dem-2898	254	43	observed	observe	VERB
dem-2898	254	44	on	on	ADP
dem-2898	254	45	french	french	ADJ
dem-2898	254	46	market	market	NOUN
dem-2898	254	47	.	.	PUNCT
dem-2898	255	1	determination	determination	NOUN
dem-2898	255	2	of	of	ADP
dem-2898	255	3	extremely	extremely	ADV
dem-2898	255	4	high	high	ADJ
dem-2898	255	5	correlations	correlation	NOUN
dem-2898	255	6	by	by	ADP
dem-2898	255	7	using	use	VERB
dem-2898	255	8	a	a	DET
dem-2898	255	9	range	range	NOUN
dem-2898	255	10	for	for	ADP
dem-2898	255	11	unconditional	unconditional	ADJ
dem-2898	255	12	correlations	correlation	NOUN
dem-2898	255	13	and	and	CCONJ
dem-2898	255	14	the	the	DET
dem-2898	255	15	ms(3	ms(3	NOUN
dem-2898	255	16	)	)	PUNCT
dem-2898	255	17	switching	switch	VERB
dem-2898	255	18	model	model	NOUN
dem-2898	255	19	yields	yield	VERB
dem-2898	255	20	similar	similar	ADJ
dem-2898	255	21	results	result	NOUN
dem-2898	255	22	regarding	regard	VERB
dem-2898	255	23	conclusions	conclusion	NOUN
dem-2898	255	24	about	about	ADP
dem-2898	255	25	the	the	DET
dem-2898	255	26	occurrence	occurrence	NOUN
dem-2898	255	27	of	of	ADP
dem-2898	255	28	the	the	DET
dem-2898	255	29	process	process	NOUN
dem-2898	255	30	of	of	ADP
dem-2898	255	31	contagion	contagion	NOUN
dem-2898	255	32	in	in	ADP
dem-2898	255	33	a	a	DET
dem-2898	255	34	market	market	NOUN
dem-2898	255	35	.	.	PUNCT
dem-2898	256	1	conclusions	conclusion	NOUN
dem-2898	256	2	about	about	ADP
dem-2898	256	3	contagion	contagion	NOUN
dem-2898	256	4	are	be	AUX
dem-2898	256	5	,	,	PUNCT
dem-2898	256	6	however	however	ADV
dem-2898	256	7	,	,	PUNCT
dem-2898	256	8	made	make	VERB
dem-2898	256	9	at	at	ADP
dem-2898	256	10	a	a	DET
dem-2898	256	11	higher	high	ADJ
dem-2898	256	12	significance	significance	NOUN
dem-2898	256	13	level	level	NOUN
dem-2898	256	14	in	in	ADP
dem-2898	256	15	the	the	DET
dem-2898	256	16	case	case	NOUN
dem-2898	256	17	of	of	ADP
dem-2898	256	18	the	the	DET
dem-2898	256	19	switching	switch	VERB
dem-2898	256	20	model	model	NOUN
dem-2898	256	21	.	.	PUNCT
dem-2898	257	1	it	it	PRON
dem-2898	257	2	is	be	AUX
dem-2898	257	3	worth	worth	ADJ
dem-2898	257	4	emphasising	emphasise	VERB
dem-2898	257	5	that	that	SCONJ
dem-2898	257	6	it	it	PRON
dem-2898	257	7	is	be	AUX
dem-2898	257	8	necessary	necessary	ADJ
dem-2898	257	9	that	that	SCONJ
dem-2898	257	10	the	the	DET
dem-2898	257	11	appropriate	appropriate	ADJ
dem-2898	257	12	tests	test	NOUN
dem-2898	257	13	be	be	AUX
dem-2898	257	14	conducted	conduct	VERB
dem-2898	257	15	which	which	PRON
dem-2898	257	16	would	would	AUX
dem-2898	257	17	confirm	confirm	VERB
dem-2898	257	18	the	the	DET
dem-2898	257	19	significance	significance	NOUN
dem-2898	257	20	of	of	ADP
dem-2898	257	21	the	the	DET
dem-2898	257	22	increase	increase	NOUN
dem-2898	257	23	of	of	ADP
dem-2898	257	24	correlation	correlation	NOUN
dem-2898	257	25	between	between	ADP
dem-2898	257	26	markets	market	NOUN
dem-2898	257	27	.	.	PUNCT
dem-2898	258	1	also	also	ADV
dem-2898	258	2	,	,	PUNCT
dem-2898	258	3	the	the	DET
dem-2898	258	4	time	time	NOUN
dem-2898	258	5	of	of	ADP
dem-2898	258	6	potential	potential	ADJ
dem-2898	258	7	market	market	NOUN
dem-2898	258	8	contagion	contagion	NOUN
dem-2898	258	9	determined	determine	VERB
dem-2898	258	10	on	on	ADP
dem-2898	258	11	the	the	DET
dem-2898	258	12	basis	basis	NOUN
dem-2898	258	13	of	of	ADP
dem-2898	258	14	a	a	DET
dem-2898	258	15	regime	regime	NOUN
dem-2898	258	16	with	with	ADP
dem-2898	258	17	an	an	DET
dem-2898	258	18	extremely	extremely	ADV
dem-2898	258	19	high	high	ADJ
dem-2898	258	20	correlation	correlation	NOUN
dem-2898	258	21	(	(	PUNCT
dem-2898	258	22	the	the	DET
dem-2898	258	23	switching	switch	VERB
dem-2898	258	24	model	model	NOUN
dem-2898	258	25	)	)	PUNCT
dem-2898	258	26	is	be	AUX
dem-2898	258	27	longer	long	ADJ
dem-2898	258	28	.	.	PUNCT
dem-2898	259	1	in	in	ADP
dem-2898	259	2	further	further	ADJ
dem-2898	259	3	studies	study	NOUN
dem-2898	259	4	more	more	ADJ
dem-2898	259	5	attention	attention	NOUN
dem-2898	259	6	should	should	AUX
dem-2898	259	7	be	be	AUX
dem-2898	259	8	paid	pay	VERB
dem-2898	259	9	to	to	ADP
dem-2898	259	10	the	the	DET
dem-2898	259	11	issue	issue	NOUN
dem-2898	259	12	of	of	ADP
dem-2898	259	13	determining	determine	VERB
dem-2898	259	14	the	the	DET
dem-2898	259	15	direction	direction	NOUN
dem-2898	259	16	of	of	ADP
dem-2898	259	17	contagion	contagion	NOUN
dem-2898	259	18	as	as	ADV
dem-2898	259	19	well	well	ADV
dem-2898	259	20	as	as	ADP
dem-2898	259	21	extremely	extremely	ADV
dem-2898	259	22	low	low	ADJ
dem-2898	259	23	correlations	correlation	NOUN
dem-2898	259	24	which	which	PRON
dem-2898	259	25	may	may	AUX
dem-2898	259	26	be	be	AUX
dem-2898	259	27	a	a	DET
dem-2898	259	28	harbinger	harbinger	NOUN
dem-2898	259	29	of	of	ADP
dem-2898	259	30	a	a	DET
dem-2898	259	31	crisis	crisis	NOUN
dem-2898	259	32	.	.	PUNCT
dem-2898	260	1	references	reference	NOUN
dem-2898	260	2	aczel	aczel	PROPN
dem-2898	260	3	,	,	PUNCT
dem-2898	260	4	a.	a.	PROPN
dem-2898	260	5	d.	d.	PROPN
dem-2898	260	6	(	(	PUNCT
dem-2898	260	7	2000	2000	NUM
dem-2898	260	8	)	)	PUNCT
dem-2898	260	9	,	,	PUNCT
dem-2898	260	10	statystyka	statystyka	NOUN
dem-2898	260	11	w	w	PROPN
dem-2898	260	12	zarządzaniu	zarządzaniu	X
dem-2898	260	13	(	(	PUNCT
dem-2898	260	14	statistic	statistic	NOUN
dem-2898	260	15	in	in	ADP
dem-2898	260	16	business	business	NOUN
dem-2898	260	17	)	)	PUNCT
dem-2898	260	18	,	,	PUNCT
dem-2898	260	19	pwn	pwn	PROPN
dem-2898	260	20	,	,	PUNCT
dem-2898	260	21	warszawa	warszawa	PROPN
dem-2898	260	22	.	.	PUNCT
dem-2898	261	1	billio	billio	PROPN
dem-2898	261	2	,	,	PUNCT
dem-2898	261	3	m.	m.	NOUN
dem-2898	261	4	,	,	PUNCT
dem-2898	261	5	lo	lo	PROPN
dem-2898	261	6	duca	duca	PROPN
dem-2898	261	7	,	,	PUNCT
dem-2898	261	8	m.	m.	NOUN
dem-2898	261	9	,	,	PUNCT
dem-2898	261	10	pelizzon	pelizzon	NOUN
dem-2898	261	11	,	,	PUNCT
dem-2898	261	12	l.	l.	PROPN
dem-2898	261	13	(	(	PUNCT
dem-2898	261	14	2005	2005	NUM
dem-2898	261	15	)	)	PUNCT
dem-2898	261	16	,	,	PUNCT
dem-2898	261	17	contagion	contagion	NOUN
dem-2898	261	18	detection	detection	NOUN
dem-2898	261	19	with	with	ADP
dem-2898	261	20	switching	switch	VERB
dem-2898	261	21	regime	regime	NOUN
dem-2898	261	22	models	model	NOUN
dem-2898	261	23	:	:	PUNCT
dem-2898	261	24	a	a	DET
dem-2898	261	25	short	short	ADJ
dem-2898	261	26	and	and	CCONJ
dem-2898	261	27	long	long	ADJ
dem-2898	261	28	run	run	NOUN
dem-2898	261	29	analysis	analysis	NOUN
dem-2898	261	30	,	,	PUNCT
dem-2898	261	31	working	work	VERB
dem-2898	261	32	paper	paper	NOUN
dem-2898	261	33	05.01	05.01	NUM
dem-2898	261	34	,	,	PUNCT
dem-2898	261	35	university	university	NOUN
dem-2898	261	36	ca’foscari	ca’foscari	PROPN
dem-2898	261	37	of	of	ADP
dem-2898	261	38	venice	venice	PROPN
dem-2898	261	39	,	,	PUNCT
dem-2898	261	40	italy	italy	PROPN
dem-2898	261	41	,	,	PUNCT
dem-2898	261	42	doi	doi	PROPN
dem-2898	261	43	:	:	PUNCT
dem-2898	261	44	http://dx.doi.org/10.2139%2fssrn.676956	http://dx.doi.org/10.2139%2fssrn.676956	PROPN
dem-2898	261	45	.	.	PUNCT
dem-2898	262	1	burzała	burzała	PROPN
dem-2898	262	2	,	,	PUNCT
dem-2898	262	3	m.	m.	NOUN
dem-2898	262	4	m.	m.	NOUN
dem-2898	262	5	(	(	PUNCT
dem-2898	262	6	2012	2012	NUM
dem-2898	262	7	)	)	PUNCT
dem-2898	262	8	,	,	PUNCT
dem-2898	262	9	efekty	efekty	PROPN
dem-2898	262	10	zarażania	zarażania	PROPN
dem-2898	262	11	giełd	giełd	PROPN
dem-2898	262	12	europejskich	europejskich	PRON
dem-2898	262	13	w	w	PROPN
dem-2898	262	14	czasie	czasie	PROPN
dem-2898	262	15	kryzysu	kryzysu	PROPN
dem-2898	262	16	finansowego	finansowego	PROPN
dem-2898	262	17	2008	2008	NUM
dem-2898	262	18	-	-	SYM
dem-2898	262	19	2009	2009	NUM
dem-2898	262	20	model	model	NOUN
dem-2898	262	21	logitowy	logitowy	NOUN
dem-2898	262	22	dla	dla	NOUN
dem-2898	262	23	danych	danych	NOUN
dem-2898	262	24	panelowych	panelowych	PROPN
dem-2898	262	25	(	(	PUNCT
dem-2898	262	26	contagion	contagion	NOUN
dem-2898	262	27	effects	effect	NOUN
dem-2898	262	28	on	on	ADP
dem-2898	262	29	european	european	ADJ
dem-2898	262	30	stock	stock	NOUN
dem-2898	262	31	exchanges	exchange	NOUN
dem-2898	262	32	during	during	ADP
dem-2898	262	33	2008–2009	2008–2009	NUM
dem-2898	262	34	financial	financial	ADJ
dem-2898	262	35	crisis	crisis	NOUN
dem-2898	262	36	–	–	PUNCT
dem-2898	262	37	logit	logit	NOUN
dem-2898	262	38	model	model	NOUN
dem-2898	262	39	for	for	ADP
dem-2898	262	40	panel	panel	NOUN
dem-2898	262	41	data	datum	NOUN
dem-2898	262	42	)	)	PUNCT
dem-2898	262	43	,	,	PUNCT
dem-2898	262	44	in	in	ADP
dem-2898	262	45	:	:	PUNCT
dem-2898	262	46	appenzeller	appenzeller	PROPN
dem-2898	262	47	d.	d.	PROPN
dem-2898	262	48	(	(	PUNCT
dem-2898	262	49	ed	ed	NOUN
dem-2898	262	50	.	.	PUNCT
dem-2898	262	51	)	)	PUNCT
dem-2898	262	52	,	,	PUNCT
dem-2898	262	53	matematyka	matematyka	ADJ
dem-2898	262	54	i	i	PRON
dem-2898	262	55	informatyka	informatyka	VERB
dem-2898	262	56	na	na	INTJ
dem-2898	262	57	usługach	usługach	NOUN
dem-2898	262	58	ekonomii	ekonomii	NOUN
dem-2898	262	59	:	:	PUNCT
dem-2898	262	60	metody	metody	ADJ
dem-2898	262	61	,	,	PUNCT
dem-2898	262	62	analizy	analizy	NOUN
dem-2898	262	63	,	,	PUNCT
dem-2898	262	64	prognozy	prognozy	NOUN
dem-2898	262	65	(	(	PUNCT
dem-2898	262	66	mathematics	mathematic	NOUN
dem-2898	262	67	and	and	CCONJ
dem-2898	262	68	computer	computer	NOUN
dem-2898	262	69	science	science	NOUN
dem-2898	262	70	at	at	ADP
dem-2898	262	71	the	the	DET
dem-2898	262	72	service	service	NOUN
dem-2898	262	73	of	of	ADP
dem-2898	262	74	economics	economic	NOUN
dem-2898	262	75	:	:	PUNCT
dem-2898	262	76	methods	method	NOUN
dem-2898	262	77	,	,	PUNCT
dem-2898	262	78	analysis	analysis	NOUN
dem-2898	262	79	,	,	PUNCT
dem-2898	262	80	forecasts	forecast	NOUN
dem-2898	262	81	)	)	PUNCT
dem-2898	262	82	,	,	PUNCT
dem-2898	262	83	31–43	31–43	NUM
dem-2898	262	84	,	,	PUNCT
dem-2898	262	85	wydawnictwo	wydawnictwo	ADJ
dem-2898	262	86	naukowe	naukowe	NOUN
dem-2898	262	87	uep	uep	NOUN
dem-2898	262	88	,	,	PUNCT
dem-2898	262	89	poznań	poznań	NOUN
dem-2898	262	90	.	.	PUNCT
dem-2898	263	1	cieciura	cieciura	PROPN
dem-2898	263	2	,	,	PUNCT
dem-2898	263	3	m.	m.	NOUN
dem-2898	263	4	,	,	PUNCT
dem-2898	263	5	zacharski	zacharski	PROPN
dem-2898	263	6	,	,	PUNCT
dem-2898	263	7	j.	j.	PROPN
dem-2898	263	8	(	(	PUNCT
dem-2898	263	9	2007	2007	NUM
dem-2898	263	10	)	)	PUNCT
dem-2898	263	11	,	,	PUNCT
dem-2898	263	12	metody	metody	ADJ
dem-2898	263	13	probabilistyczne	probabilistyczne	PROPN
dem-2898	263	14	w	w	PROPN
dem-2898	263	15	ujęciu	ujęciu	PROPN
dem-2898	263	16	praktycznym	praktycznym	PROPN
dem-2898	263	17	(	(	PUNCT
dem-2898	263	18	probabilistic	probabilistic	ADJ
dem-2898	263	19	methods	method	NOUN
dem-2898	263	20	:	:	PUNCT
dem-2898	263	21	a	a	DET
dem-2898	263	22	practical	practical	ADJ
dem-2898	263	23	approach	approach	NOUN
dem-2898	263	24	)	)	PUNCT
dem-2898	263	25	,	,	PUNCT
dem-2898	263	26	vizja	vizja	PROPN
dem-2898	263	27	press&it	press&it	PROPN
dem-2898	263	28	,	,	PUNCT
dem-2898	263	29	warszawa	warszawa	PROPN
dem-2898	263	30	.	.	PUNCT
dem-2898	264	1	davidson	davidson	PROPN
dem-2898	264	2	,	,	PUNCT
dem-2898	264	3	j.	j.	PROPN
dem-2898	264	4	(	(	PUNCT
dem-2898	264	5	2013	2013	NUM
dem-2898	264	6	)	)	PUNCT
dem-2898	264	7	,	,	PUNCT
dem-2898	264	8	time	time	NOUN
dem-2898	264	9	series	series	PROPN
dem-2898	264	10	modelling	modelling	NOUN
dem-2898	264	11	,	,	PUNCT
dem-2898	264	12	version	version	NOUN
dem-2898	264	13	4.38	4.38	NUM
dem-2898	264	14	,	,	PUNCT
dem-2898	264	15	university	university	NOUN
dem-2898	264	16	of	of	ADP
dem-2898	264	17	exeter	exeter	PROPN
dem-2898	264	18	,	,	PUNCT
dem-2898	264	19	http://www.timeseriesmodelling.com/tsmod4doc.pdf	http://www.timeseriesmodelling.com/tsmod4doc.pdf	NOUN
dem-2898	264	20	,	,	PUNCT
dem-2898	264	21	(	(	PUNCT
dem-2898	264	22	13.06.2013	13.06.2013	NUM
dem-2898	264	23	)	)	PUNCT
dem-2898	264	24	,	,	PUNCT
dem-2898	264	25	doi	doi	NOUN
dem-2898	264	26	:	:	PUNCT
dem-2898	265	1	http://dx.doi.org/10.2307%2f2231972	http://dx.doi.org/10.2307%2f2231972	PROPN
dem-2898	265	2	.	.	PUNCT
dem-2898	265	3	doman	doman	PROPN
dem-2898	265	4	,	,	PUNCT
dem-2898	265	5	m.	m.	NOUN
dem-2898	265	6	,	,	PUNCT
dem-2898	265	7	doman	doman	PROPN
dem-2898	265	8	,	,	PUNCT
dem-2898	265	9	r.	r.	PROPN
dem-2898	265	10	(	(	PUNCT
dem-2898	265	11	2009	2009	NUM
dem-2898	265	12	)	)	PUNCT
dem-2898	265	13	,	,	PUNCT
dem-2898	265	14	modelowanie	modelowanie	NOUN
dem-2898	265	15	zmienności	zmienności	PROPN
dem-2898	266	1	i	i	PRON
dem-2898	266	2	ryzyka	ryzyka	VERB
dem-2898	266	3	.	.	PUNCT
dem-2898	267	1	metody	metody	ADJ
dem-2898	267	2	ekonometrii	ekonometrii	PROPN
dem-2898	267	3	finansowej	finansowej	PROPN
dem-2898	267	4	(	(	PUNCT
dem-2898	267	5	volatility	volatility	NOUN
dem-2898	267	6	and	and	CCONJ
dem-2898	267	7	risk	risk	NOUN
dem-2898	267	8	modeling	modeling	NOUN
dem-2898	267	9	.	.	PUNCT
dem-2898	268	1	methods	method	NOUN
dem-2898	268	2	of	of	ADP
dem-2898	268	3	financial	financial	ADJ
dem-2898	268	4	econometrics	econometric	NOUN
dem-2898	268	5	)	)	PUNCT
dem-2898	268	6	,	,	PUNCT
dem-2898	268	7	oficyna	oficyna	PROPN
dem-2898	268	8	,	,	PUNCT
dem-2898	268	9	kraków	kraków	PROPN
dem-2898	268	10	.	.	PUNCT
dem-2898	269	1	dungey	dungey	PROPN
dem-2898	269	2	,	,	PUNCT
dem-2898	269	3	m.	m.	NOUN
dem-2898	269	4	,	,	PUNCT
dem-2898	269	5	fry	fry	PROPN
dem-2898	269	6	,	,	PUNCT
dem-2898	269	7	r.	r.	PROPN
dem-2898	269	8	a.	a.	PROPN
dem-2898	269	9	,	,	PUNCT
dem-2898	269	10	gonzalez	gonzalez	PROPN
dem-2898	269	11	-	-	PUNCT
dem-2898	269	12	hermosillo	hermosillo	PROPN
dem-2898	269	13	,	,	PUNCT
dem-2898	269	14	b.	b.	PROPN
dem-2898	269	15	,	,	PUNCT
dem-2898	269	16	martin	martin	PROPN
dem-2898	269	17	,	,	PUNCT
dem-2898	269	18	v.	v.	PROPN
dem-2898	269	19	l.	l.	PROPN
dem-2898	269	20	(	(	PUNCT
dem-2898	269	21	2005	2005	NUM
dem-2898	269	22	)	)	PUNCT
dem-2898	269	23	,	,	PUNCT
dem-2898	269	24	empirical	empirical	ADJ
dem-2898	269	25	modeling	modeling	NOUN
dem-2898	269	26	of	of	ADP
dem-2898	269	27	contagion	contagion	NOUN
dem-2898	269	28	:	:	PUNCT
dem-2898	269	29	a	a	DET
dem-2898	269	30	review	review	NOUN
dem-2898	269	31	of	of	ADP
dem-2898	269	32	methodologies	methodology	NOUN
dem-2898	269	33	,	,	PUNCT
dem-2898	269	34	quantitative	quantitative	ADJ
dem-2898	269	35	finance	finance	NOUN
dem-2898	269	36	,	,	PUNCT
dem-2898	269	37	5(1	5(1	NUM
dem-2898	269	38	)	)	PUNCT
dem-2898	269	39	,	,	PUNCT
dem-2898	269	40	9–24	9–24	PROPN
dem-2898	269	41	,	,	PUNCT
dem-2898	269	42	doi	doi	NOUN
dem-2898	269	43	:	:	PUNCT
dem-2898	269	44	http://dx.doi.org/10.1080%2f14697680500142045	http://dx.doi.org/10.1080%2f14697680500142045	PROPN
dem-2898	269	45	.	.	PUNCT
dem-2898	269	46	dungey	dungey	PROPN
dem-2898	269	47	,	,	PUNCT
dem-2898	269	48	m.	m.	NOUN
dem-2898	269	49	,	,	PUNCT
dem-2898	269	50	fry	fry	PROPN
dem-2898	269	51	,	,	PUNCT
dem-2898	269	52	r.	r.	PROPN
dem-2898	269	53	,	,	PUNCT
dem-2898	269	54	a.	a.	PROPN
dem-2898	269	55	,	,	PUNCT
dem-2898	269	56	gonzález	gonzález	PROPN
dem-2898	269	57	-	-	PUNCT
dem-2898	269	58	hermosillo	hermosillo	PROPN
dem-2898	269	59	,	,	PUNCT
dem-2898	269	60	b.	b.	PROPN
dem-2898	269	61	,	,	PUNCT
dem-2898	269	62	martin	martin	PROPN
dem-2898	269	63	,	,	PUNCT
dem-2898	269	64	v.	v.	PROPN
dem-2898	269	65	,	,	PUNCT
dem-2898	269	66	l.	l.	PROPN
dem-2898	269	67	(	(	PUNCT
dem-2898	269	68	2007	2007	NUM
dem-2898	269	69	)	)	PUNCT
dem-2898	269	70	,	,	PUNCT
dem-2898	269	71	contagion	contagion	NOUN
dem-2898	269	72	in	in	ADP
dem-2898	269	73	global	global	ADJ
dem-2898	269	74	equity	equity	NOUN
dem-2898	269	75	markets	market	NOUN
dem-2898	269	76	in	in	ADP
dem-2898	269	77	1998	1998	NUM
dem-2898	269	78	:	:	PUNCT
dem-2898	269	79	the	the	DET
dem-2898	269	80	effects	effect	NOUN
dem-2898	269	81	of	of	ADP
dem-2898	269	82	the	the	DET
dem-2898	269	83	russian	russian	ADJ
dem-2898	269	84	and	and	CCONJ
dem-2898	269	85	ltcm	ltcm	NOUN
dem-2898	269	86	crises	crisis	NOUN
dem-2898	269	87	,	,	PUNCT
dem-2898	269	88	north	north	ADJ
dem-2898	269	89	american	american	ADJ
dem-2898	269	90	journal	journal	PROPN
dem-2898	269	91	of	of	ADP
dem-2898	269	92	economics	economic	NOUN
dem-2898	269	93	and	and	CCONJ
dem-2898	269	94	finance	finance	NOUN
dem-2898	269	95	,	,	PUNCT
dem-2898	269	96	18(2	18(2	NUM
dem-2898	269	97	)	)	PUNCT
dem-2898	269	98	,	,	PUNCT
dem-2898	269	99	155–174	155–174	NUM
dem-2898	269	100	,	,	PUNCT
dem-2898	269	101	doi	doi	PROPN
dem-2898	269	102	:	:	PUNCT
dem-2898	269	103	http://dx.doi.org/10.1016%2fj.najef.2007.05.003	http://dx.doi.org/10.1016%2fj.najef.2007.05.003	PROPN
dem-2898	269	104	.	.	PROPN
dem-2898	269	105	eichengreen	eichengreen	PROPN
dem-2898	269	106	,	,	PUNCT
dem-2898	269	107	b.	b.	PROPN
dem-2898	269	108	,	,	PUNCT
dem-2898	269	109	rose	rise	VERB
dem-2898	269	110	,	,	PUNCT
dem-2898	269	111	a.	a.	NOUN
dem-2898	269	112	,	,	PUNCT
dem-2898	269	113	wyplosz	wyplosz	NOUN
dem-2898	269	114	,	,	PUNCT
dem-2898	269	115	c.	c.	PROPN
dem-2898	269	116	,	,	PUNCT
dem-2898	269	117	dumas	dumas	PROPN
dem-2898	269	118	,	,	PUNCT
dem-2898	269	119	b.	b.	PROPN
dem-2898	269	120	,	,	PUNCT
dem-2898	269	121	weber	weber	PROPN
dem-2898	269	122	,	,	PUNCT
dem-2898	269	123	a.	a.	NOUN
dem-2898	269	124	(	(	PUNCT
dem-2898	269	125	1995	1995	NUM
dem-2898	269	126	)	)	PUNCT
dem-2898	269	127	,	,	PUNCT
dem-2898	269	128	exchange	exchange	NOUN
dem-2898	269	129	market	market	NOUN
dem-2898	269	130	mayhem	mayhem	NOUN
dem-2898	269	131	:	:	PUNCT
dem-2898	269	132	the	the	DET
dem-2898	269	133	antecendents	antecendent	NOUN
dem-2898	269	134	and	and	CCONJ
dem-2898	269	135	aftermath	aftermath	NOUN
dem-2898	269	136	of	of	ADP
dem-2898	269	137	speculative	speculative	ADJ
dem-2898	269	138	attacks	attack	NOUN
dem-2898	269	139	,	,	PUNCT
dem-2898	269	140	economic	economic	ADJ
dem-2898	269	141	policy	policy	NOUN
dem-2898	269	142	,	,	PUNCT
dem-2898	269	143	21	21	NUM
dem-2898	269	144	,	,	PUNCT
dem-2898	269	145	249–312	249–312	NUM
dem-2898	269	146	,	,	PUNCT
dem-2898	269	147	doi	doi	NOUN
dem-2898	269	148	:	:	PUNCT
dem-2898	269	149	http://dx.doi.org/10.2307%2f1344591	http://dx.doi.org/10.2307%2f1344591	PROPN
dem-2898	269	150	.	.	PUNCT
dem-2898	270	1	milda	milda	PROPN
dem-2898	270	2	maria	maria	PROPN
dem-2898	270	3	burzała	burzała	PROPN
dem-2898	270	4	dynamic	dynamic	ADJ
dem-2898	270	5	econometric	econometric	ADJ
dem-2898	270	6	models	model	NOUN
dem-2898	270	7	13	13	NUM
dem-2898	270	8	(	(	PUNCT
dem-2898	270	9	2013	2013	NUM
dem-2898	270	10	)	)	PUNCT
dem-2898	270	11	69–85	69–85	NUM
dem-2898	270	12	84	84	NUM
dem-2898	270	13	eichengreen	eichengreen	NOUN
dem-2898	270	14	,	,	PUNCT
dem-2898	270	15	b.	b.	PROPN
dem-2898	270	16	,	,	PUNCT
dem-2898	270	17	rose	rise	VERB
dem-2898	270	18	,	,	PUNCT
dem-2898	270	19	a.	a.	NOUN
dem-2898	270	20	,	,	PUNCT
dem-2898	270	21	wyplosz	wyplosz	NOUN
dem-2898	270	22	,	,	PUNCT
dem-2898	270	23	c.	c.	NOUN
dem-2898	270	24	(	(	PUNCT
dem-2898	270	25	1996	1996	NUM
dem-2898	270	26	)	)	PUNCT
dem-2898	270	27	,	,	PUNCT
dem-2898	270	28	contagious	contagious	ADJ
dem-2898	270	29	currency	currency	NOUN
dem-2898	270	30	crises	crisis	NOUN
dem-2898	270	31	:	:	PUNCT
dem-2898	270	32	first	first	ADJ
dem-2898	270	33	tests	test	NOUN
dem-2898	270	34	,	,	PUNCT
dem-2898	270	35	the	the	DET
dem-2898	270	36	scandinavian	scandinavian	ADJ
dem-2898	270	37	journal	journal	NOUN
dem-2898	270	38	of	of	ADP
dem-2898	270	39	economics	economic	NOUN
dem-2898	270	40	,	,	PUNCT
dem-2898	270	41	98(4	98(4	NUM
dem-2898	270	42	)	)	PUNCT
dem-2898	270	43	,	,	PUNCT
dem-2898	270	44	463–484	463–484	NUM
dem-2898	270	45	,	,	PUNCT
dem-2898	270	46	doi	doi	NOUN
dem-2898	270	47	:	:	PUNCT
dem-2898	270	48	http://dx.doi.org/10.2307%2f3440879	http://dx.doi.org/10.2307%2f3440879	ADJ
dem-2898	270	49	.	.	PUNCT
dem-2898	271	1	engle	engle	PROPN
dem-2898	271	2	,	,	PUNCT
dem-2898	271	3	r.	r.	PROPN
dem-2898	271	4	f.	f.	PROPN
dem-2898	271	5	(	(	PUNCT
dem-2898	271	6	2002	2002	NUM
dem-2898	271	7	)	)	PUNCT
dem-2898	271	8	,	,	PUNCT
dem-2898	271	9	dynamic	dynamic	ADJ
dem-2898	271	10	conditional	conditional	ADJ
dem-2898	271	11	correlation	correlation	NOUN
dem-2898	271	12	:	:	PUNCT
dem-2898	271	13	a	a	DET
dem-2898	271	14	simple	simple	ADJ
dem-2898	271	15	class	class	NOUN
dem-2898	271	16	of	of	ADP
dem-2898	271	17	multivariate	multivariate	NOUN
dem-2898	271	18	generalized	generalize	VERB
dem-2898	271	19	autoregressive	autoregressive	ADJ
dem-2898	271	20	conditional	conditional	ADJ
dem-2898	271	21	heteroskedasticity	heteroskedasticity	NOUN
dem-2898	271	22	models	model	NOUN
dem-2898	271	23	,	,	PUNCT
dem-2898	271	24	journal	journal	NOUN
dem-2898	271	25	of	of	ADP
dem-2898	271	26	business	business	NOUN
dem-2898	271	27	and	and	CCONJ
dem-2898	271	28	economic	economic	ADJ
dem-2898	271	29	statistics	statistic	NOUN
dem-2898	271	30	,	,	PUNCT
dem-2898	271	31	20(3	20(3	NOUN
dem-2898	271	32	)	)	PUNCT
dem-2898	271	33	,	,	PUNCT
dem-2898	271	34	339–350	339–350	NUM
dem-2898	271	35	,	,	PUNCT
dem-2898	271	36	doi	doi	NOUN
dem-2898	271	37	:	:	PUNCT
dem-2898	271	38	http://dx.doi.org/10.1198%2f073500102288618487	http://dx.doi.org/10.1198%2f073500102288618487	NOUN
dem-2898	271	39	.	.	PUNCT
dem-2898	272	1	fiszeder	fiszeder	PROPN
dem-2898	272	2	,	,	PUNCT
dem-2898	272	3	p.	p.	NOUN
dem-2898	272	4	(	(	PUNCT
dem-2898	272	5	2009	2009	NUM
dem-2898	272	6	)	)	PUNCT
dem-2898	272	7	,	,	PUNCT
dem-2898	272	8	modele	modele	PROPN
dem-2898	272	9	klasy	klasy	PROPN
dem-2898	272	10	garch	garch	PROPN
dem-2898	272	11	w	w	PROPN
dem-2898	272	12	empirycznych	empirycznych	PROPN
dem-2898	272	13	badaniach	badaniach	PROPN
dem-2898	272	14	finansowych	finansowych	PROPN
dem-2898	272	15	(	(	PUNCT
dem-2898	272	16	the	the	DET
dem-2898	272	17	garch	garch	NOUN
dem-2898	272	18	-	-	PUNCT
dem-2898	272	19	class	class	NOUN
dem-2898	272	20	models	model	NOUN
dem-2898	272	21	in	in	ADP
dem-2898	272	22	empirical	empirical	ADJ
dem-2898	272	23	financial	financial	ADJ
dem-2898	272	24	research	research	NOUN
dem-2898	272	25	)	)	PUNCT
dem-2898	272	26	,	,	PUNCT
dem-2898	272	27	wydawnictwo	wydawnictwo	PROPN
dem-2898	272	28	naukowe	naukowe	NOUN
dem-2898	272	29	umk	umk	PROPN
dem-2898	272	30	,	,	PUNCT
dem-2898	272	31	toruń	toruń	NOUN
dem-2898	272	32	.	.	PUNCT
dem-2898	273	1	forbes	forbes	PROPN
dem-2898	273	2	,	,	PUNCT
dem-2898	273	3	k.	k.	PROPN
dem-2898	273	4	,	,	PUNCT
dem-2898	273	5	rigobon	rigobon	PROPN
dem-2898	273	6	,	,	PUNCT
dem-2898	273	7	r.	r.	PROPN
dem-2898	273	8	(	(	PUNCT
dem-2898	273	9	2002	2002	NUM
dem-2898	273	10	)	)	PUNCT
dem-2898	273	11	,	,	PUNCT
dem-2898	273	12	no	no	DET
dem-2898	273	13	contagion	contagion	NOUN
dem-2898	273	14	,	,	PUNCT
dem-2898	273	15	only	only	ADV
dem-2898	273	16	interdependence	interdependence	NOUN
dem-2898	273	17	:	:	PUNCT
dem-2898	273	18	measuring	measure	VERB
dem-2898	273	19	stock	stock	NOUN
dem-2898	273	20	market	market	NOUN
dem-2898	273	21	comovements	comovement	NOUN
dem-2898	273	22	,	,	PUNCT
dem-2898	273	23	the	the	DET
dem-2898	273	24	journal	journal	NOUN
dem-2898	273	25	of	of	ADP
dem-2898	273	26	finance	finance	NOUN
dem-2898	273	27	,	,	PUNCT
dem-2898	273	28	57(5	57(5	NOUN
dem-2898	273	29	)	)	PUNCT
dem-2898	273	30	,	,	PUNCT
dem-2898	273	31	2223–2261	2223–2261	NUM
dem-2898	273	32	.	.	PUNCT
dem-2898	274	1	doi	doi	NOUN
dem-2898	274	2	:	:	PUNCT
dem-2898	274	3	http://dx.doi.org/10.1111%2f0022-1082.00494	http://dx.doi.org/10.1111%2f0022-1082.00494	NOUN
dem-2898	274	4	.	.	PUNCT
dem-2898	275	1	glosten	glosten	ADJ
dem-2898	275	2	,	,	PUNCT
dem-2898	275	3	l.	l.	PROPN
dem-2898	275	4	,	,	PUNCT
dem-2898	275	5	jagannathan	jagannathan	PROPN
dem-2898	275	6	,	,	PUNCT
dem-2898	275	7	r.	r.	PROPN
dem-2898	275	8	,	,	PUNCT
dem-2898	275	9	runkle	runkle	INTJ
dem-2898	275	10	,	,	PUNCT
dem-2898	275	11	d.	d.	PROPN
dem-2898	275	12	(	(	PUNCT
dem-2898	275	13	1993	1993	NUM
dem-2898	275	14	)	)	PUNCT
dem-2898	275	15	,	,	PUNCT
dem-2898	275	16	on	on	ADP
dem-2898	275	17	the	the	DET
dem-2898	275	18	relation	relation	NOUN
dem-2898	275	19	between	between	ADP
dem-2898	275	20	the	the	DET
dem-2898	275	21	expected	expect	VERB
dem-2898	275	22	value	value	NOUN
dem-2898	275	23	and	and	CCONJ
dem-2898	275	24	the	the	DET
dem-2898	275	25	volatility	volatility	NOUN
dem-2898	275	26	of	of	ADP
dem-2898	275	27	the	the	DET
dem-2898	275	28	nominal	nominal	ADJ
dem-2898	275	29	excess	excess	ADJ
dem-2898	275	30	return	return	NOUN
dem-2898	275	31	on	on	ADP
dem-2898	275	32	stocks	stock	NOUN
dem-2898	275	33	,	,	PUNCT
dem-2898	275	34	journal	journal	NOUN
dem-2898	275	35	of	of	ADP
dem-2898	275	36	finance	finance	NOUN
dem-2898	275	37	,	,	PUNCT
dem-2898	275	38	48	48	NUM
dem-2898	275	39	,	,	PUNCT
dem-2898	275	40	1179–1801	1179–1801	NUM
dem-2898	275	41	,	,	PUNCT
dem-2898	275	42	doi	doi	NOUN
dem-2898	275	43	:	:	PUNCT
dem-2898	275	44	http://dx.doi.org/10.2307%2f2329067	http://dx.doi.org/10.2307%2f2329067	PROPN
dem-2898	275	45	.	.	PUNCT
dem-2898	275	46	goldstein	goldstein	PROPN
dem-2898	275	47	,	,	PUNCT
dem-2898	275	48	m.	m.	NOUN
dem-2898	275	49	(	(	PUNCT
dem-2898	275	50	1998	1998	NUM
dem-2898	275	51	)	)	PUNCT
dem-2898	275	52	,	,	PUNCT
dem-2898	275	53	the	the	DET
dem-2898	275	54	asian	asian	ADJ
dem-2898	275	55	financial	financial	ADJ
dem-2898	275	56	crisis	crisis	NOUN
dem-2898	275	57	:	:	PUNCT
dem-2898	275	58	causes	cause	NOUN
dem-2898	275	59	,	,	PUNCT
dem-2898	275	60	cures	cure	NOUN
dem-2898	275	61	and	and	CCONJ
dem-2898	275	62	systemic	systemic	ADJ
dem-2898	275	63	implications	implication	NOUN
dem-2898	275	64	,	,	PUNCT
dem-2898	275	65	institute	institute	NOUN
dem-2898	275	66	for	for	ADP
dem-2898	275	67	international	international	ADJ
dem-2898	275	68	economics	economic	NOUN
dem-2898	275	69	,	,	PUNCT
dem-2898	275	70	peterson	peterson	PROPN
dem-2898	275	71	institute	institute	PROPN
dem-2898	275	72	.	.	PUNCT
dem-2898	276	1	hamilton	hamilton	PROPN
dem-2898	276	2	,	,	PUNCT
dem-2898	276	3	j.	j.	PROPN
dem-2898	276	4	d.	d.	PROPN
dem-2898	276	5	(	(	PUNCT
dem-2898	276	6	1989	1989	NUM
dem-2898	276	7	)	)	PUNCT
dem-2898	276	8	,	,	PUNCT
dem-2898	276	9	a	a	DET
dem-2898	276	10	new	new	ADJ
dem-2898	276	11	approach	approach	NOUN
dem-2898	276	12	to	to	ADP
dem-2898	276	13	the	the	DET
dem-2898	276	14	economic	economic	ADJ
dem-2898	276	15	analysis	analysis	NOUN
dem-2898	276	16	of	of	ADP
dem-2898	276	17	nonstationary	nonstationary	ADJ
dem-2898	276	18	time	time	NOUN
dem-2898	276	19	series	series	NOUN
dem-2898	276	20	and	and	CCONJ
dem-2898	276	21	the	the	DET
dem-2898	276	22	business	business	NOUN
dem-2898	276	23	cycle	cycle	NOUN
dem-2898	276	24	,	,	PUNCT
dem-2898	276	25	econometrica	econometrica	PROPN
dem-2898	276	26	,	,	PUNCT
dem-2898	276	27	57(2	57(2	NUM
dem-2898	276	28	)	)	PUNCT
dem-2898	276	29	,	,	PUNCT
dem-2898	276	30	357–384	357–384	NUM
dem-2898	276	31	,	,	PUNCT
dem-2898	276	32	doi	doi	NOUN
dem-2898	276	33	:	:	PUNCT
dem-2898	276	34	http://dx.doi.org/10.2307%2f1912559	http://dx.doi.org/10.2307%2f1912559	X
dem-2898	276	35	.	.	PUNCT
dem-2898	277	1	jajuga	jajuga	PROPN
dem-2898	277	2	,	,	PUNCT
dem-2898	277	3	k.	k.	PROPN
dem-2898	277	4	(	(	PUNCT
dem-2898	277	5	2006	2006	NUM
dem-2898	277	6	)	)	PUNCT
dem-2898	277	7	,	,	PUNCT
dem-2898	277	8	rynek	rynek	NOUN
dem-2898	277	9	wtórny	wtórny	VERB
dem-2898	277	10	papierów	papierów	NOUN
dem-2898	277	11	wartościowych	wartościowych	NOUN
dem-2898	277	12	(	(	PUNCT
dem-2898	277	13	secondary	secondary	ADJ
dem-2898	277	14	market	market	NOUN
dem-2898	277	15	securities	security	NOUN
dem-2898	277	16	)	)	PUNCT
dem-2898	277	17	,	,	PUNCT
dem-2898	277	18	fundacja	fundacja	ADV
dem-2898	277	19	edukacji	edukacji	PROPN
dem-2898	277	20	rynku	rynku	ADJ
dem-2898	277	21	kapitałowego	kapitałowego	PROPN
dem-2898	277	22	,	,	PUNCT
dem-2898	277	23	warszawa	warszawa	PROPN
dem-2898	277	24	.	.	PUNCT
dem-2898	278	1	kaminsky	kaminsky	PROPN
dem-2898	278	2	,	,	PUNCT
dem-2898	278	3	g.	g.	PROPN
dem-2898	278	4	l.	l.	PROPN
dem-2898	278	5	,	,	PUNCT
dem-2898	278	6	reinhart	reinhart	PROPN
dem-2898	278	7	,	,	PUNCT
dem-2898	278	8	c.	c.	PROPN
dem-2898	278	9	m.	m.	NOUN
dem-2898	278	10	(	(	PUNCT
dem-2898	278	11	2000	2000	NUM
dem-2898	278	12	)	)	PUNCT
dem-2898	278	13	,	,	PUNCT
dem-2898	278	14	on	on	ADP
dem-2898	278	15	crises	crisis	NOUN
dem-2898	278	16	,	,	PUNCT
dem-2898	278	17	contagion	contagion	NOUN
dem-2898	278	18	and	and	CCONJ
dem-2898	278	19	confusion	confusion	NOUN
dem-2898	278	20	,	,	PUNCT
dem-2898	278	21	journal	journal	NOUN
dem-2898	278	22	of	of	ADP
dem-2898	278	23	international	international	ADJ
dem-2898	278	24	economics	economic	NOUN
dem-2898	278	25	,	,	PUNCT
dem-2898	278	26	51(1	51(1	NUM
dem-2898	278	27	)	)	PUNCT
dem-2898	278	28	,	,	PUNCT
dem-2898	278	29	145–168	145–168	NUM
dem-2898	278	30	,	,	PUNCT
dem-2898	278	31	doi	doi	NOUN
dem-2898	278	32	:	:	PUNCT
dem-2898	278	33	http://dx.doi.org/10.1016%2fs0022-1996%2899%2900040-9	http://dx.doi.org/10.1016%2fs0022-1996%2899%2900040-9	PUNCT
dem-2898	278	34	.	.	PUNCT
dem-2898	279	1	kaminsky	kaminsky	PROPN
dem-2898	279	2	,	,	PUNCT
dem-2898	279	3	g.	g.	PROPN
dem-2898	279	4	l.	l.	PROPN
dem-2898	279	5	,	,	PUNCT
dem-2898	279	6	reinhart	reinhart	PROPN
dem-2898	279	7	,	,	PUNCT
dem-2898	279	8	c.	c.	PROPN
dem-2898	279	9	m.	m.	NOUN
dem-2898	279	10	(	(	PUNCT
dem-2898	279	11	2002	2002	NUM
dem-2898	279	12	)	)	PUNCT
dem-2898	279	13	,	,	PUNCT
dem-2898	279	14	the	the	DET
dem-2898	279	15	center	center	NOUN
dem-2898	279	16	and	and	CCONJ
dem-2898	279	17	the	the	DET
dem-2898	279	18	periphery	periphery	NOUN
dem-2898	279	19	:	:	PUNCT
dem-2898	279	20	tales	tale	NOUN
dem-2898	279	21	of	of	ADP
dem-2898	279	22	financial	financial	ADJ
dem-2898	279	23	turmoil	turmoil	NOUN
dem-2898	279	24	,	,	PUNCT
dem-2898	279	25	mimeo	mimeo	NOUN
dem-2898	279	26	,	,	PUNCT
dem-2898	279	27	george	george	PROPN
dem-2898	279	28	washington	washington	PROPN
dem-2898	279	29	university	university	PROPN
dem-2898	279	30	.	.	PUNCT
dem-2898	280	1	masson	masson	PROPN
dem-2898	280	2	,	,	PUNCT
dem-2898	280	3	p.	p.	PROPN
dem-2898	280	4	(	(	PUNCT
dem-2898	280	5	1998	1998	NUM
dem-2898	280	6	)	)	PUNCT
dem-2898	280	7	,	,	PUNCT
dem-2898	280	8	contagion	contagion	NOUN
dem-2898	280	9	:	:	PUNCT
dem-2898	280	10	monsoonal	monsoonal	ADJ
dem-2898	280	11	effects	effect	NOUN
dem-2898	280	12	,	,	PUNCT
dem-2898	280	13	spillovers	spillover	NOUN
dem-2898	280	14	and	and	CCONJ
dem-2898	280	15	jumps	jump	VERB
dem-2898	280	16	between	between	ADP
dem-2898	280	17	multiple	multiple	ADJ
dem-2898	280	18	equilibria	equilibrium	NOUN
dem-2898	280	19	,	,	PUNCT
dem-2898	280	20	imf	imf	PROPN
dem-2898	280	21	working	working	PROPN
dem-2898	280	22	paper	paper	PROPN
dem-2898	280	23	wp/98/142	wp/98/142	PROPN
dem-2898	280	24	,	,	PUNCT
dem-2898	280	25	doi	doi	NOUN
dem-2898	280	26	:	:	PUNCT
dem-2898	280	27	http://dx.doi.org/10.1017%2fcbo9780511559587.017	http://dx.doi.org/10.1017%2fcbo9780511559587.017	PROPN
dem-2898	280	28	.	.	PUNCT
dem-2898	281	1	osińska	osińska	PROPN
dem-2898	281	2	,	,	PUNCT
dem-2898	281	3	m.	m.	NOUN
dem-2898	281	4	(	(	PUNCT
dem-2898	281	5	2006	2006	NUM
dem-2898	281	6	)	)	PUNCT
dem-2898	281	7	,	,	PUNCT
dem-2898	281	8	ekonometria	ekonometria	PROPN
dem-2898	281	9	finansowa	finansowa	PROPN
dem-2898	281	10	(	(	PUNCT
dem-2898	281	11	financial	financial	ADJ
dem-2898	281	12	econometrics	econometric	NOUN
dem-2898	281	13	)	)	PUNCT
dem-2898	281	14	,	,	PUNCT
dem-2898	281	15	pwe	pwe	PROPN
dem-2898	281	16	,	,	PUNCT
dem-2898	281	17	warszawa	warszawa	PROPN
dem-2898	281	18	.	.	PUNCT
dem-2898	282	1	pericoli	pericoli	PROPN
dem-2898	282	2	,	,	PUNCT
dem-2898	282	3	m.	m.	NOUN
dem-2898	282	4	,	,	PUNCT
dem-2898	282	5	sbracia	sbracia	NOUN
dem-2898	282	6	,	,	PUNCT
dem-2898	282	7	m.	m.	NOUN
dem-2898	282	8	(	(	PUNCT
dem-2898	282	9	2003	2003	NUM
dem-2898	282	10	)	)	PUNCT
dem-2898	282	11	,	,	PUNCT
dem-2898	282	12	a	a	DET
dem-2898	282	13	primer	primer	NOUN
dem-2898	282	14	on	on	ADP
dem-2898	282	15	financial	financial	ADJ
dem-2898	282	16	contagion	contagion	NOUN
dem-2898	282	17	,	,	PUNCT
dem-2898	282	18	journal	journal	NOUN
dem-2898	282	19	of	of	ADP
dem-2898	282	20	economic	economic	ADJ
dem-2898	282	21	surveys	survey	NOUN
dem-2898	282	22	,	,	PUNCT
dem-2898	282	23	17(4	17(4	NUM
dem-2898	282	24	)	)	PUNCT
dem-2898	282	25	,	,	PUNCT
dem-2898	282	26	571–608	571–608	NUM
dem-2898	282	27	,	,	PUNCT
dem-2898	282	28	doi	doi	NOUN
dem-2898	282	29	:	:	PUNCT
dem-2898	282	30	http://dx.doi.org/10.1111%2f1467-6419.00205	http://dx.doi.org/10.1111%2f1467-6419.00205	PROPN
dem-2898	282	31	.	.	PUNCT
dem-2898	283	1	pesaran	pesaran	PROPN
dem-2898	283	2	,	,	PUNCT
dem-2898	283	3	m.	m.	PROPN
dem-2898	283	4	h.	h.	PROPN
dem-2898	283	5	,	,	PUNCT
dem-2898	283	6	pick	pick	VERB
dem-2898	283	7	,	,	PUNCT
dem-2898	283	8	a.	a.	NOUN
dem-2898	283	9	(	(	PUNCT
dem-2898	283	10	2004	2004	NUM
dem-2898	283	11	)	)	PUNCT
dem-2898	283	12	,	,	PUNCT
dem-2898	283	13	econometric	econometric	ADJ
dem-2898	283	14	issues	issue	NOUN
dem-2898	283	15	in	in	ADP
dem-2898	283	16	the	the	DET
dem-2898	283	17	analysis	analysis	NOUN
dem-2898	283	18	of	of	ADP
dem-2898	283	19	contagion	contagion	NOUN
dem-2898	283	20	,	,	PUNCT
dem-2898	283	21	university	university	PROPN
dem-2898	283	22	of	of	ADP
dem-2898	283	23	cambridge	cambridge	PROPN
dem-2898	283	24	,	,	PUNCT
dem-2898	283	25	working	work	VERB
dem-2898	283	26	paper	paper	NOUN
dem-2898	283	27	in	in	ADP
dem-2898	283	28	economics	economic	NOUN
dem-2898	283	29	0402	0402	NUM
dem-2898	283	30	,	,	PUNCT
dem-2898	283	31	cambridge	cambridge	PROPN
dem-2898	283	32	.	.	PUNCT
dem-2898	284	1	world	world	PROPN
dem-2898	284	2	bank	bank	PROPN
dem-2898	284	3	,	,	PUNCT
dem-2898	284	4	http://www.worldbank.org/economicpolicy/managing%20volatility/contagion/	http://www.worldbank.org/economicpolicy/managing%20volatility/contagion/	PROPN
dem-2898	284	5	definitions.htm	definitions.htm	PROPN
dem-2898	284	6	(	(	PUNCT
dem-2898	284	7	14.05.2012	14.05.2012	NUM
dem-2898	284	8	)	)	PUNCT
dem-2898	284	9	.	.	PUNCT
dem-2898	285	1	determination	determination	NOUN
dem-2898	285	2	of	of	ADP
dem-2898	285	3	the	the	DET
dem-2898	285	4	time	time	NOUN
dem-2898	285	5	of	of	ADP
dem-2898	285	6	contagion	contagion	NOUN
dem-2898	285	7	in	in	ADP
dem-2898	285	8	capital	capital	NOUN
dem-2898	285	9	markets	market	NOUN
dem-2898	285	10	...	...	PUNCT
dem-2898	285	11	dynamic	dynamic	ADJ
dem-2898	285	12	econometric	econometric	ADJ
dem-2898	285	13	models	model	NOUN
dem-2898	285	14	13	13	NUM
dem-2898	285	15	(	(	PUNCT
dem-2898	285	16	2013	2013	NUM
dem-2898	285	17	)	)	PUNCT
dem-2898	285	18	69–85	69–85	NUM
dem-2898	285	19	85	85	NUM
dem-2898	285	20	wyznaczanie	wyznaczanie	NOUN
dem-2898	285	21	czasu	czasu	PROPN
dem-2898	285	22	zarażania	zarażania	PROPN
dem-2898	285	23	rynków	rynków	PROPN
dem-2898	285	24	kapitałowych	kapitałowych	NOUN
dem-2898	285	25	na	na	PART
dem-2898	285	26	podstawie	podstawie	VERB
dem-2898	285	27	modelu	modelu	PROPN
dem-2898	285	28	przełącznikowego	przełącznikowego	PROPN
dem-2898	285	29	z	z	PROPN
dem-2898	285	30	a	a	DET
dem-2898	285	31	r	r	NOUN
dem-2898	285	32	y	y	PROPN
dem-2898	285	33	s	s	PROPN
dem-2898	285	34	t	t	NOUN
dem-2898	285	35	r	r	NOUN
dem-2898	285	36	e	e	PROPN
dem-2898	285	37	ś	ś	PROPN
dem-2898	285	38	c	c	PROPN
dem-2898	285	39	i.	i.	PROPN
dem-2898	285	40	w	w	PROPN
dem-2898	285	41	artykule	artykule	PROPN
dem-2898	285	42	podjęto	podjęto	VERB
dem-2898	285	43	próbę	próbę	PROPN
dem-2898	285	44	porównania	porównania	PROPN
dem-2898	285	45	wnioskowania	wnioskowania	PROPN
dem-2898	285	46	o	o	PROPN
dem-2898	285	47	zarażaniu	zarażaniu	PROPN
dem-2898	285	48	rynków	rynków	PROPN
dem-2898	285	49	na	na	ADP
dem-2898	285	50	podstawie	podstawie	PROPN
dem-2898	285	51	okresów	okresów	PROPN
dem-2898	285	52	wskazanych	wskazanych	PROPN
dem-2898	285	53	przez	przez	PROPN
dem-2898	285	54	model	model	NOUN
dem-2898	285	55	przełącznikowy	przełącznikowy	PROPN
dem-2898	286	1	markowa	markowa	PROPN
dem-2898	286	2	z	z	PROPN
dem-2898	286	3	wnioskowaniem	wnioskowaniem	PROPN
dem-2898	286	4	opartym	opartym	NOUN
dem-2898	286	5	na	na	INTJ
dem-2898	286	6	przedziale	przedziale	ADJ
dem-2898	286	7	dla	dla	NOUN
dem-2898	286	8	korelacji	korelacji	NOUN
dem-2898	286	9	bezwarunkowych	bezwarunkowych	VERB
dem-2898	286	10	i	i	PRON
dem-2898	286	11	ustaleniach	ustaleniach	VERB
dem-2898	286	12	arbitralnych	arbitralnych	NOUN
dem-2898	286	13	.	.	PUNCT
dem-2898	287	1	w	w	PROPN
dem-2898	287	2	celu	celu	PROPN
dem-2898	287	3	kontrolowania	kontrolowania	PROPN
dem-2898	287	4	zmieniających	zmieniających	NOUN
dem-2898	287	5	się	się	PROPN
dem-2898	287	6	w	w	PROPN
dem-2898	287	7	czasie	czasie	PROPN
dem-2898	287	8	korelacji	korelacji	PROPN
dem-2898	287	9	wykorzystano	wykorzystano	PROPN
dem-2898	287	10	model	model	PROPN
dem-2898	287	11	dcc	dcc	PROPN
dem-2898	287	12	.	.	PUNCT
dem-2898	288	1	ustalenie	ustalenie	PROPN
dem-2898	288	2	ekstremalnie	ekstremalnie	PROPN
dem-2898	288	3	wysokich	wysokich	PROPN
dem-2898	288	4	korelacji	korelacji	PROPN
dem-2898	288	5	przy	przy	PROPN
dem-2898	288	6	wykorzystaniu	wykorzystaniu	VERB
dem-2898	288	7	przedziału	przedziału	PROPN
dem-2898	288	8	dla	dla	NOUN
dem-2898	288	9	korelacji	korelacji	NOUN
dem-2898	288	10	bezwarunkowych	bezwarunkowych	VERB
dem-2898	288	11	lub	lub	PROPN
dem-2898	288	12	modelu	modelu	PROPN
dem-2898	288	13	przełącznikowego	przełącznikowego	PROPN
dem-2898	288	14	ms(3	ms(3	PROPN
dem-2898	288	15	)	)	PUNCT
dem-2898	288	16	prowadzi	prowadzi	NOUN
dem-2898	288	17	do	do	VERB
dem-2898	288	18	podobnych	podobnych	NOUN
dem-2898	288	19	rezultatów	rezultatów	PROPN
dem-2898	288	20	w	w	PROPN
dem-2898	288	21	zakresie	zakresie	PROPN
dem-2898	288	22	wnioskowania	wnioskowania	PROPN
dem-2898	288	23	o	o	PROPN
dem-2898	288	24	wystąpieniu	wystąpieniu	NOUN
dem-2898	288	25	procesu	procesu	PROPN
dem-2898	288	26	zarażania	zarażania	PROPN
dem-2898	288	27	rynku	rynku	ADJ
dem-2898	288	28	.	.	PUNCT
dem-2898	289	1	wnioski	wnioski	ADJ
dem-2898	289	2	o	o	PROPN
dem-2898	289	3	zarażaniu	zarażaniu	PROPN
dem-2898	289	4	są	są	PROPN
dem-2898	289	5	jednak	jednak	PROPN
dem-2898	289	6	stawiane	stawiane	PROPN
dem-2898	289	7	przy	przy	PROPN
dem-2898	289	8	wyższym	wyższym	ADJ
dem-2898	289	9	poziomie	poziomie	NOUN
dem-2898	289	10	istotności	istotności	PROPN
dem-2898	289	11	w	w	PROPN
dem-2898	289	12	przypadku	przypadku	PROPN
dem-2898	289	13	modelu	modelu	PROPN
dem-2898	289	14	przełącznikowego	przełącznikowego	PROPN
dem-2898	289	15	.	.	PUNCT
dem-2898	290	1	s	s	PART
dem-2898	291	1	ł	ł	PROPN
dem-2898	291	2	o	o	X
dem-2898	291	3	w	w	NOUN
dem-2898	291	4	a	a	DET
dem-2898	291	5	k	k	X
dem-2898	291	6	l	l	NOUN
dem-2898	291	7	u	u	NOUN
dem-2898	292	1	c	c	NOUN
dem-2898	292	2	z	z	NOUN
dem-2898	292	3	o	o	X
dem-2898	292	4	w	w	PROPN
dem-2898	293	1	e	e	NOUN
dem-2898	293	2	:	:	PUNCT
dem-2898	293	3	model	model	NOUN
dem-2898	293	4	przełącznikowy	przełącznikowy	PROPN
dem-2898	293	5	,	,	PUNCT
dem-2898	293	6	model	model	NOUN
dem-2898	293	7	dcc	dcc	PROPN
dem-2898	293	8	,	,	PUNCT
dem-2898	293	9	zarażanie	zarażanie	PROPN
dem-2898	293	10	.	.	PUNCT