id	sid	tid	token	lemma	pos
dem-4189	1	1	microsoft	microsoft	PROPN
dem-4189	1	2	word	word	NOUN
dem-4189	1	3	00_tresc.docx	00_tresc.docx	PRON
dem-4189	1	4	dynamic	dynamic	ADJ
dem-4189	1	5	econometric	econometric	ADJ
dem-4189	1	6	models	model	NOUN
dem-4189	1	7	vol	vol	NOUN
dem-4189	1	8	.	.	PROPN
dem-4189	1	9	10	10	NUM
dem-4189	1	10	–	–	PUNCT
dem-4189	1	11	nicolaus	nicolaus	PROPN
dem-4189	1	12	copernicus	copernicus	PROPN
dem-4189	1	13	university	university	PROPN
dem-4189	1	14	–	–	PUNCT
dem-4189	1	15	toruń	toruń	NOUN
dem-4189	1	16	–	–	PUNCT
dem-4189	1	17	2010	2010	NUM
dem-4189	1	18	joanna	joanna	PROPN
dem-4189	1	19	bruzda†	bruzda†	PROPN
dem-4189	1	20	nicolaus	nicolaus	PROPN
dem-4189	1	21	copernicus	copernicus	PROPN
dem-4189	1	22	university	university	PROPN
dem-4189	1	23	in	in	ADP
dem-4189	1	24	toruń	toruń	PROPN
dem-4189	1	25	european	european	ADJ
dem-4189	1	26	equity	equity	NOUN
dem-4189	1	27	market	market	NOUN
dem-4189	1	28	integration	integration	NOUN
dem-4189	1	29	and	and	CCONJ
dem-4189	1	30	optimal	optimal	ADJ
dem-4189	1	31	investment	investment	NOUN
dem-4189	1	32	horizons	horizon	NOUN
dem-4189	1	33	–	–	PUNCT
dem-4189	1	34	evidence	evidence	NOUN
dem-4189	1	35	from	from	ADP
dem-4189	1	36	wavelet	wavelet	NOUN
dem-4189	1	37	analysis	analysis	NOUN
dem-4189	1	38	a	a	DET
dem-4189	1	39	b	b	PROPN
dem-4189	1	40	s	s	ADP
dem-4189	1	41	t	t	PROPN
dem-4189	1	42	r	r	NOUN
dem-4189	1	43	a	a	DET
dem-4189	1	44	c	c	NOUN
dem-4189	1	45	t.	t.	NOUN
dem-4189	1	46	in	in	ADP
dem-4189	1	47	the	the	DET
dem-4189	1	48	paper	paper	NOUN
dem-4189	1	49	the	the	DET
dem-4189	1	50	process	process	NOUN
dem-4189	1	51	of	of	ADP
dem-4189	1	52	equity	equity	NOUN
dem-4189	1	53	market	market	NOUN
dem-4189	1	54	integration	integration	NOUN
dem-4189	1	55	in	in	ADP
dem-4189	1	56	europe	europe	PROPN
dem-4189	1	57	is	be	AUX
dem-4189	1	58	examined	examine	VERB
dem-4189	1	59	from	from	ADP
dem-4189	1	60	the	the	DET
dem-4189	1	61	wavelet	wavelet	NOUN
dem-4189	1	62	perspective	perspective	NOUN
dem-4189	1	63	.	.	PUNCT
dem-4189	2	1	the	the	DET
dem-4189	2	2	method	method	NOUN
dem-4189	2	3	applied	apply	VERB
dem-4189	2	4	is	be	AUX
dem-4189	2	5	the	the	DET
dem-4189	2	6	continuous	continuous	ADJ
dem-4189	2	7	discrete	discrete	ADJ
dem-4189	2	8	wavelet	wavelet	NOUN
dem-4189	2	9	transform	transform	NOUN
dem-4189	2	10	that	that	PRON
dem-4189	2	11	enables	enable	VERB
dem-4189	2	12	to	to	PART
dem-4189	2	13	perform	perform	VERB
dem-4189	2	14	global	global	ADJ
dem-4189	2	15	and	and	CCONJ
dem-4189	2	16	local	local	ADJ
dem-4189	2	17	wavelet	wavelet	NOUN
dem-4189	2	18	variance	variance	NOUN
dem-4189	2	19	and	and	CCONJ
dem-4189	2	20	correlation	correlation	NOUN
dem-4189	2	21	decompositions	decomposition	NOUN
dem-4189	2	22	.	.	PUNCT
dem-4189	3	1	in	in	ADP
dem-4189	3	2	particular	particular	ADJ
dem-4189	3	3	,	,	PUNCT
dem-4189	3	4	questions	question	NOUN
dem-4189	3	5	about	about	ADP
dem-4189	3	6	changes	change	NOUN
dem-4189	3	7	of	of	ADP
dem-4189	3	8	the	the	DET
dem-4189	3	9	investment	investment	NOUN
dem-4189	3	10	risk	risk	NOUN
dem-4189	3	11	and	and	CCONJ
dem-4189	3	12	the	the	DET
dem-4189	3	13	possibility	possibility	NOUN
dem-4189	3	14	of	of	ADP
dem-4189	3	15	international	international	ADJ
dem-4189	3	16	portfolio	portfolio	NOUN
dem-4189	3	17	diversification	diversification	NOUN
dem-4189	3	18	under	under	ADP
dem-4189	3	19	different	different	ADJ
dem-4189	3	20	investment	investment	NOUN
dem-4189	3	21	horizons	horizon	NOUN
dem-4189	3	22	are	be	AUX
dem-4189	3	23	addressed	address	VERB
dem-4189	3	24	.	.	PUNCT
dem-4189	4	1	the	the	DET
dem-4189	4	2	study	study	NOUN
dem-4189	4	3	documents	document	VERB
dem-4189	4	4	both	both	DET
dem-4189	4	5	convergence	convergence	NOUN
dem-4189	4	6	of	of	ADP
dem-4189	4	7	the	the	DET
dem-4189	4	8	central	central	ADJ
dem-4189	4	9	and	and	CCONJ
dem-4189	4	10	eastern	eastern	ADJ
dem-4189	4	11	european	european	PROPN
dem-4189	4	12	equity	equity	NOUN
dem-4189	4	13	markets	market	NOUN
dem-4189	4	14	as	as	ADV
dem-4189	4	15	well	well	ADV
dem-4189	4	16	as	as	ADP
dem-4189	4	17	their	their	PRON
dem-4189	4	18	segmentation	segmentation	NOUN
dem-4189	4	19	on	on	ADP
dem-4189	4	20	the	the	DET
dem-4189	4	21	european	european	ADJ
dem-4189	4	22	market	market	NOUN
dem-4189	4	23	.	.	PUNCT
dem-4189	5	1	the	the	DET
dem-4189	5	2	latter	latter	ADJ
dem-4189	5	3	enables	enable	VERB
dem-4189	5	4	reduction	reduction	NOUN
dem-4189	5	5	of	of	ADP
dem-4189	5	6	portfolio	portfolio	NOUN
dem-4189	5	7	returns	return	VERB
dem-4189	5	8	variability	variability	NOUN
dem-4189	5	9	by	by	ADP
dem-4189	5	10	an	an	DET
dem-4189	5	11	international	international	ADJ
dem-4189	5	12	portfolio	portfolio	NOUN
dem-4189	5	13	diversification	diversification	NOUN
dem-4189	5	14	,	,	PUNCT
dem-4189	5	15	especially	especially	ADV
dem-4189	5	16	for	for	ADP
dem-4189	5	17	long	long	ADJ
dem-4189	5	18	investment	investment	NOUN
dem-4189	5	19	horizons	horizon	NOUN
dem-4189	5	20	.	.	PUNCT
dem-4189	6	1	k	k	PROPN
dem-4189	6	2	e	e	PROPN
dem-4189	6	3	y	y	PROPN
dem-4189	6	4	w	w	NOUN
dem-4189	6	5	o	o	NOUN
dem-4189	6	6	r	r	NOUN
dem-4189	6	7	d	d	PROPN
dem-4189	6	8	s	s	X
dem-4189	6	9	:	:	PUNCT
dem-4189	6	10	equity	equity	NOUN
dem-4189	6	11	market	market	NOUN
dem-4189	6	12	integration	integration	NOUN
dem-4189	6	13	,	,	PUNCT
dem-4189	6	14	time	time	NOUN
dem-4189	6	15	-	-	PUNCT
dem-4189	6	16	scale	scale	NOUN
dem-4189	6	17	analysis	analysis	NOUN
dem-4189	6	18	,	,	PUNCT
dem-4189	6	19	wavelet	wavelet	NOUN
dem-4189	6	20	variance	variance	NOUN
dem-4189	6	21	,	,	PUNCT
dem-4189	6	22	wavelet	wavelet	NOUN
dem-4189	6	23	correlations	correlation	NOUN
dem-4189	6	24	1	1	NUM
dem-4189	6	25	.	.	PUNCT
dem-4189	7	1	introduction	introduction	NOUN
dem-4189	7	2	one	one	NUM
dem-4189	7	3	consequence	consequence	NOUN
dem-4189	7	4	of	of	ADP
dem-4189	7	5	financial	financial	ADJ
dem-4189	7	6	globalization	globalization	NOUN
dem-4189	7	7	are	be	AUX
dem-4189	7	8	comovements	comovement	NOUN
dem-4189	7	9	of	of	ADP
dem-4189	7	10	prices	price	NOUN
dem-4189	7	11	on	on	ADP
dem-4189	7	12	different	different	ADJ
dem-4189	7	13	stock	stock	NOUN
dem-4189	7	14	markets	market	NOUN
dem-4189	7	15	.	.	PUNCT
dem-4189	8	1	investigation	investigation	NOUN
dem-4189	8	2	of	of	ADP
dem-4189	8	3	these	these	DET
dem-4189	8	4	processes	process	NOUN
dem-4189	8	5	is	be	AUX
dem-4189	8	6	important	important	ADJ
dem-4189	8	7	due	due	ADP
dem-4189	8	8	to	to	ADP
dem-4189	8	9	both	both	PRON
dem-4189	8	10	investors	investor	NOUN
dem-4189	8	11	allocation	allocation	NOUN
dem-4189	8	12	decisions	decision	NOUN
dem-4189	8	13	and	and	CCONJ
dem-4189	8	14	policy	policy	NOUN
dem-4189	8	15	-	-	PUNCT
dem-4189	8	16	makers	maker	NOUN
dem-4189	8	17	actions	action	NOUN
dem-4189	8	18	.	.	PUNCT
dem-4189	9	1	from	from	ADP
dem-4189	9	2	the	the	DET
dem-4189	9	3	point	point	NOUN
dem-4189	9	4	of	of	ADP
dem-4189	9	5	view	view	NOUN
dem-4189	9	6	of	of	ADP
dem-4189	9	7	investors	investor	NOUN
dem-4189	9	8	the	the	DET
dem-4189	9	9	ongoing	ongoing	ADJ
dem-4189	9	10	integration	integration	NOUN
dem-4189	9	11	of	of	ADP
dem-4189	9	12	capital	capital	NOUN
dem-4189	9	13	markets	market	NOUN
dem-4189	9	14	increases	increase	VERB
dem-4189	9	15	the	the	DET
dem-4189	9	16	importance	importance	NOUN
dem-4189	9	17	of	of	ADP
dem-4189	9	18	a	a	DET
dem-4189	9	19	sectoral	sectoral	ADJ
dem-4189	9	20	portfolio	portfolio	NOUN
dem-4189	9	21	diversification	diversification	NOUN
dem-4189	9	22	at	at	ADP
dem-4189	9	23	the	the	DET
dem-4189	9	24	expense	expense	NOUN
dem-4189	9	25	of	of	ADP
dem-4189	9	26	an	an	DET
dem-4189	9	27	international	international	ADJ
dem-4189	9	28	diversification	diversification	NOUN
dem-4189	9	29	.	.	PUNCT
dem-4189	10	1	from	from	ADP
dem-4189	10	2	a	a	DET
dem-4189	10	3	global	global	ADJ
dem-4189	10	4	perspective	perspective	NOUN
dem-4189	10	5	integration	integration	NOUN
dem-4189	10	6	of	of	ADP
dem-4189	10	7	financial	financial	ADJ
dem-4189	10	8	markets	market	NOUN
dem-4189	10	9	is	be	AUX
dem-4189	10	10	fundamentally	fundamentally	ADV
dem-4189	10	11	related	relate	VERB
dem-4189	10	12	to	to	ADP
dem-4189	10	13	economic	economic	ADJ
dem-4189	10	14	growth	growth	NOUN
dem-4189	10	15	via	via	ADP
dem-4189	10	16	improvement	improvement	NOUN
dem-4189	10	17	of	of	ADP
dem-4189	10	18	allocative	allocative	ADJ
dem-4189	10	19	efficiency	efficiency	NOUN
dem-4189	10	20	,	,	PUNCT
dem-4189	10	21	risk	risk	NOUN
dem-4189	10	22	sharing	sharing	NOUN
dem-4189	10	23	and	and	CCONJ
dem-4189	10	24	reduction	reduction	NOUN
dem-4189	10	25	of	of	ADP
dem-4189	10	26	macroeconomic	macroeconomic	ADJ
dem-4189	10	27	variability	variability	NOUN
dem-4189	10	28	(	(	PUNCT
dem-4189	10	29	see	see	VERB
dem-4189	10	30	kim	kim	PROPN
dem-4189	10	31	et	et	PROPN
dem-4189	10	32	al	al	PROPN
dem-4189	10	33	.	.	PROPN
dem-4189	10	34	,	,	PUNCT
dem-4189	10	35	2005	2005	NUM
dem-4189	10	36	)	)	PUNCT
dem-4189	10	37	.	.	PUNCT
dem-4189	11	1	convergence	convergence	NOUN
dem-4189	11	2	of	of	ADP
dem-4189	11	3	stock	stock	NOUN
dem-4189	11	4	markets	market	NOUN
dem-4189	11	5	,	,	PUNCT
dem-4189	11	6	through	through	ADP
dem-4189	11	7	the	the	DET
dem-4189	11	8	income	income	NOUN
dem-4189	11	9	channel	channel	NOUN
dem-4189	11	10	,	,	PUNCT
dem-4189	11	11	influences	influence	VERB
dem-4189	11	12	also	also	ADV
dem-4189	11	13	the	the	DET
dem-4189	11	14	effectiveness	effectiveness	NOUN
dem-4189	11	15	of	of	ADP
dem-4189	11	16	monetary	monetary	ADJ
dem-4189	11	17	policy	policy	NOUN
dem-4189	11	18	and	and	CCONJ
dem-4189	11	19	–	–	PUNCT
dem-4189	11	20	as	as	ADP
dem-4189	11	21	such	such	ADJ
dem-4189	11	22	–	–	PUNCT
dem-4189	11	23	should	should	AUX
dem-4189	11	24	be	be	AUX
dem-4189	11	25	of	of	ADP
dem-4189	11	26	considerable	considerable	ADJ
dem-4189	11	27	interest	interest	NOUN
dem-4189	11	28	to	to	ADP
dem-4189	11	29	policy	policy	NOUN
dem-4189	11	30	-	-	PUNCT
dem-4189	11	31	makers	maker	NOUN
dem-4189	11	32	.	.	PUNCT
dem-4189	12	1	†	†	PROPN
dem-4189	13	1	the	the	DET
dem-4189	13	2	author	author	NOUN
dem-4189	13	3	acknowledges	acknowledge	VERB
dem-4189	13	4	the	the	DET
dem-4189	13	5	financial	financial	ADJ
dem-4189	13	6	support	support	NOUN
dem-4189	13	7	from	from	ADP
dem-4189	13	8	the	the	DET
dem-4189	13	9	polish	polish	PROPN
dem-4189	13	10	ministry	ministry	PROPN
dem-4189	13	11	of	of	ADP
dem-4189	13	12	science	science	PROPN
dem-4189	13	13	and	and	CCONJ
dem-4189	13	14	higher	high	ADJ
dem-4189	13	15	education	education	NOUN
dem-4189	13	16	under	under	ADP
dem-4189	13	17	the	the	DET
dem-4189	13	18	grant	grant	NOUN
dem-4189	13	19	no	no	INTJ
dem-4189	13	20	.	.	PUNCT
dem-4189	14	1	n	n	PROPN
dem-4189	14	2	n111	n111	PROPN
dem-4189	14	3	285135	285135	NUM
dem-4189	14	4	.	.	PUNCT
dem-4189	15	1	joanna	joanna	PROPN
dem-4189	15	2	bruzda	bruzda	VERB
dem-4189	15	3	16	16	NUM
dem-4189	15	4	studies	study	NOUN
dem-4189	15	5	by	by	ADP
dem-4189	15	6	longin	longin	NOUN
dem-4189	15	7	and	and	CCONJ
dem-4189	15	8	solnik	solnik	X
dem-4189	15	9	(	(	PUNCT
dem-4189	15	10	1995	1995	NUM
dem-4189	15	11	)	)	PUNCT
dem-4189	15	12	point	point	VERB
dem-4189	15	13	out	out	ADP
dem-4189	15	14	increasing	increase	VERB
dem-4189	15	15	integration	integration	NOUN
dem-4189	15	16	of	of	ADP
dem-4189	15	17	major	major	ADJ
dem-4189	15	18	world	world	NOUN
dem-4189	15	19	stock	stock	NOUN
dem-4189	15	20	exchanges	exchange	NOUN
dem-4189	15	21	over	over	ADP
dem-4189	15	22	the	the	DET
dem-4189	15	23	period	period	NOUN
dem-4189	15	24	1960–1990	1960–1990	NUM
dem-4189	15	25	and	and	CCONJ
dem-4189	15	26	find	find	VERB
dem-4189	15	27	also	also	ADV
dem-4189	15	28	an	an	DET
dem-4189	15	29	additional	additional	ADJ
dem-4189	15	30	rise	rise	NOUN
dem-4189	15	31	of	of	ADP
dem-4189	15	32	correlation	correlation	NOUN
dem-4189	15	33	in	in	ADP
dem-4189	15	34	the	the	DET
dem-4189	15	35	time	time	NOUN
dem-4189	15	36	of	of	ADP
dem-4189	15	37	high	high	ADJ
dem-4189	15	38	volatility	volatility	NOUN
dem-4189	15	39	.	.	PUNCT
dem-4189	16	1	also	also	ADV
dem-4189	16	2	more	more	ADV
dem-4189	16	3	recent	recent	ADJ
dem-4189	16	4	studies	study	NOUN
dem-4189	16	5	document	document	NOUN
dem-4189	16	6	convergence	convergence	NOUN
dem-4189	16	7	of	of	ADP
dem-4189	16	8	stock	stock	NOUN
dem-4189	16	9	markets	market	NOUN
dem-4189	16	10	,	,	PUNCT
dem-4189	16	11	although	although	SCONJ
dem-4189	16	12	the	the	DET
dem-4189	16	13	process	process	NOUN
dem-4189	16	14	is	be	AUX
dem-4189	16	15	non	non	ADJ
dem-4189	16	16	-	-	ADJ
dem-4189	16	17	uniform	uniform	ADJ
dem-4189	16	18	both	both	CCONJ
dem-4189	16	19	in	in	ADP
dem-4189	16	20	time	time	NOUN
dem-4189	16	21	and	and	CCONJ
dem-4189	16	22	market	market	NOUN
dem-4189	16	23	segments	segment	NOUN
dem-4189	16	24	(	(	PUNCT
dem-4189	16	25	kim	kim	PROPN
dem-4189	16	26	et	et	PROPN
dem-4189	16	27	al	al	PROPN
dem-4189	16	28	.	.	PROPN
dem-4189	16	29	,	,	PUNCT
dem-4189	16	30	2005	2005	NUM
dem-4189	16	31	)	)	PUNCT
dem-4189	16	32	,	,	PUNCT
dem-4189	16	33	asymmetric	asymmetric	ADJ
dem-4189	16	34	,	,	PUNCT
dem-4189	16	35	i.e.	i.e.	X
dem-4189	16	36	negative	negative	ADJ
dem-4189	16	37	shocks	shock	NOUN
dem-4189	16	38	are	be	AUX
dem-4189	16	39	more	more	ADV
dem-4189	16	40	strongly	strongly	ADV
dem-4189	16	41	transmitted	transmit	VERB
dem-4189	16	42	via	via	ADP
dem-4189	16	43	borders	border	NOUN
dem-4189	16	44	(	(	PUNCT
dem-4189	16	45	fratzscher	fratzscher	PROPN
dem-4189	16	46	,	,	PUNCT
dem-4189	16	47	2002	2002	NUM
dem-4189	16	48	)	)	PUNCT
dem-4189	16	49	and	and	CCONJ
dem-4189	16	50	leaves	leave	VERB
dem-4189	16	51	place	place	NOUN
dem-4189	16	52	for	for	ADP
dem-4189	16	53	partial	partial	ADJ
dem-4189	16	54	segmentation	segmentation	NOUN
dem-4189	16	55	of	of	ADP
dem-4189	16	56	certain	certain	ADJ
dem-4189	16	57	stock	stock	NOUN
dem-4189	16	58	markets	market	NOUN
dem-4189	16	59	(	(	PUNCT
dem-4189	16	60	bessler	bessler	PROPN
dem-4189	16	61	,	,	PUNCT
dem-4189	16	62	yang	yang	PROPN
dem-4189	16	63	,	,	PUNCT
dem-4189	16	64	2003	2003	NUM
dem-4189	16	65	)	)	PUNCT
dem-4189	16	66	.	.	PUNCT
dem-4189	17	1	behind	behind	ADP
dem-4189	17	2	capital	capital	NOUN
dem-4189	17	3	market	market	NOUN
dem-4189	17	4	integration	integration	NOUN
dem-4189	17	5	stands	stand	VERB
dem-4189	17	6	real	real	ADJ
dem-4189	17	7	and	and	CCONJ
dem-4189	17	8	nominal	nominal	ADJ
dem-4189	17	9	macroeconomic	macroeconomic	ADJ
dem-4189	17	10	convergence	convergence	NOUN
dem-4189	17	11	,	,	PUNCT
dem-4189	17	12	and	and	CCONJ
dem-4189	17	13	therein	therein	ADJ
dem-4189	17	14	reduction	reduction	NOUN
dem-4189	17	15	of	of	ADP
dem-4189	17	16	currency	currency	NOUN
dem-4189	17	17	risk	risk	NOUN
dem-4189	17	18	and	and	CCONJ
dem-4189	17	19	convergence	convergence	NOUN
dem-4189	17	20	of	of	ADP
dem-4189	17	21	monetary	monetary	ADJ
dem-4189	17	22	policy	policy	NOUN
dem-4189	17	23	with	with	ADP
dem-4189	17	24	respect	respect	NOUN
dem-4189	17	25	to	to	ADP
dem-4189	17	26	interest	interest	NOUN
dem-4189	17	27	rates	rate	NOUN
dem-4189	17	28	and	and	CCONJ
dem-4189	17	29	inflation	inflation	NOUN
dem-4189	17	30	(	(	PUNCT
dem-4189	17	31	fratzscher	fratzscher	ADJ
dem-4189	17	32	,	,	PUNCT
dem-4189	17	33	2002	2002	NUM
dem-4189	17	34	;	;	PUNCT
dem-4189	17	35	phengpis	phengpi	VERB
dem-4189	17	36	et	et	PROPN
dem-4189	17	37	al	al	PROPN
dem-4189	17	38	.	.	PROPN
dem-4189	17	39	,	,	PUNCT
dem-4189	17	40	2004	2004	NUM
dem-4189	17	41	)	)	PUNCT
dem-4189	17	42	.	.	PUNCT
dem-4189	18	1	integration	integration	NOUN
dem-4189	18	2	of	of	ADP
dem-4189	18	3	major	major	ADJ
dem-4189	18	4	european	european	ADJ
dem-4189	18	5	equity	equity	NOUN
dem-4189	18	6	markets	market	NOUN
dem-4189	18	7	and	and	CCONJ
dem-4189	18	8	the	the	DET
dem-4189	18	9	rise	rise	NOUN
dem-4189	18	10	in	in	ADP
dem-4189	18	11	their	their	PRON
dem-4189	18	12	world	world	NOUN
dem-4189	18	13	significance	significance	NOUN
dem-4189	18	14	first	first	ADV
dem-4189	18	15	of	of	ADP
dem-4189	18	16	all	all	DET
dem-4189	18	17	results	result	NOUN
dem-4189	18	18	from	from	ADP
dem-4189	18	19	formation	formation	NOUN
dem-4189	18	20	of	of	ADP
dem-4189	18	21	the	the	DET
dem-4189	18	22	common	common	ADJ
dem-4189	18	23	currency	currency	NOUN
dem-4189	18	24	area	area	NOUN
dem-4189	18	25	(	(	PUNCT
dem-4189	18	26	fratzscher	fratzscher	PROPN
dem-4189	18	27	,	,	PUNCT
dem-4189	18	28	2002	2002	NUM
dem-4189	18	29	;	;	PUNCT
dem-4189	18	30	kim	kim	PROPN
dem-4189	18	31	et	et	PROPN
dem-4189	18	32	al	al	PROPN
dem-4189	18	33	.	.	PROPN
dem-4189	18	34	,	,	PUNCT
dem-4189	18	35	2005	2005	NUM
dem-4189	18	36	;	;	PUNCT
dem-4189	18	37	hardouvelis	hardouvelis	PROPN
dem-4189	18	38	et	et	PROPN
dem-4189	18	39	al	al	PROPN
dem-4189	18	40	.	.	PROPN
dem-4189	18	41	,	,	PUNCT
dem-4189	18	42	2006	2006	NUM
dem-4189	18	43	)	)	PUNCT
dem-4189	18	44	.	.	PUNCT
dem-4189	19	1	only	only	ADV
dem-4189	19	2	a	a	DET
dem-4189	19	3	couple	couple	NOUN
dem-4189	19	4	of	of	ADP
dem-4189	19	5	papers	paper	NOUN
dem-4189	19	6	undertakes	undertake	VERB
dem-4189	19	7	the	the	DET
dem-4189	19	8	task	task	NOUN
dem-4189	19	9	of	of	ADP
dem-4189	19	10	examining	examine	VERB
dem-4189	19	11	the	the	DET
dem-4189	19	12	convergence	convergence	NOUN
dem-4189	19	13	of	of	ADP
dem-4189	19	14	central	central	ADJ
dem-4189	19	15	and	and	CCONJ
dem-4189	19	16	eastern	eastern	ADJ
dem-4189	19	17	european	european	PROPN
dem-4189	19	18	(	(	PUNCT
dem-4189	19	19	cee	cee	PROPN
dem-4189	19	20	)	)	PUNCT
dem-4189	19	21	capital	capital	NOUN
dem-4189	19	22	markets	market	NOUN
dem-4189	19	23	and	and	CCONJ
dem-4189	19	24	their	their	PRON
dem-4189	19	25	integration	integration	NOUN
dem-4189	19	26	with	with	ADP
dem-4189	19	27	the	the	DET
dem-4189	19	28	world	world	NOUN
dem-4189	19	29	capital	capital	NOUN
dem-4189	19	30	market	market	NOUN
dem-4189	19	31	(	(	PUNCT
dem-4189	19	32	scheicher	scheicher	PROPN
dem-4189	19	33	,	,	PUNCT
dem-4189	19	34	2001	2001	NUM
dem-4189	19	35	;	;	PUNCT
dem-4189	19	36	voronkova	voronkova	PROPN
dem-4189	19	37	,	,	PUNCT
dem-4189	19	38	2004	2004	NUM
dem-4189	19	39	;	;	PUNCT
dem-4189	19	40	chelleysteeley	chelleysteeley	NOUN
dem-4189	19	41	,	,	PUNCT
dem-4189	19	42	2005	2005	NUM
dem-4189	19	43	;	;	PUNCT
dem-4189	19	44	gilmore	gilmore	PROPN
dem-4189	19	45	et	et	PROPN
dem-4189	19	46	al	al	PROPN
dem-4189	19	47	.	.	PROPN
dem-4189	19	48	,	,	PUNCT
dem-4189	19	49	2008	2008	NUM
dem-4189	19	50	;	;	PUNCT
dem-4189	19	51	harrison	harrison	PROPN
dem-4189	19	52	,	,	PUNCT
dem-4189	19	53	moore	moore	PROPN
dem-4189	19	54	,	,	PUNCT
dem-4189	19	55	2009	2009	NUM
dem-4189	19	56	)	)	PUNCT
dem-4189	19	57	.	.	PUNCT
dem-4189	20	1	chelley	chelley	NOUN
dem-4189	20	2	-	-	PUNCT
dem-4189	20	3	steeley	steeley	NOUN
dem-4189	20	4	(	(	PUNCT
dem-4189	20	5	2005	2005	NUM
dem-4189	20	6	)	)	PUNCT
dem-4189	20	7	documents	document	NOUN
dem-4189	20	8	that	that	PRON
dem-4189	20	9	for	for	ADP
dem-4189	20	10	the	the	DET
dem-4189	20	11	period	period	NOUN
dem-4189	20	12	1994–1999	1994–1999	NUM
dem-4189	20	13	correlations	correlation	NOUN
dem-4189	20	14	of	of	ADP
dem-4189	20	15	stock	stock	NOUN
dem-4189	20	16	index	index	NOUN
dem-4189	20	17	returns	return	NOUN
dem-4189	20	18	between	between	ADP
dem-4189	20	19	cee	cee	NOUN
dem-4189	20	20	and	and	CCONJ
dem-4189	20	21	developed	develop	VERB
dem-4189	20	22	european	european	ADJ
dem-4189	20	23	markets	market	NOUN
dem-4189	20	24	were	be	AUX
dem-4189	20	25	usually	usually	ADV
dem-4189	20	26	below	below	ADP
dem-4189	20	27	0.3	0.3	NUM
dem-4189	20	28	,	,	PUNCT
dem-4189	20	29	while	while	SCONJ
dem-4189	20	30	at	at	ADP
dem-4189	20	31	the	the	DET
dem-4189	20	32	same	same	ADJ
dem-4189	20	33	time	time	NOUN
dem-4189	20	34	correlations	correlation	NOUN
dem-4189	20	35	between	between	ADP
dem-4189	20	36	indices	index	NOUN
dem-4189	20	37	on	on	ADP
dem-4189	20	38	developed	develop	VERB
dem-4189	20	39	european	european	ADJ
dem-4189	20	40	markets	market	NOUN
dem-4189	20	41	are	be	AUX
dem-4189	20	42	often	often	ADV
dem-4189	20	43	above	above	ADP
dem-4189	20	44	0.5	0.5	NUM
dem-4189	20	45	.	.	PUNCT
dem-4189	21	1	the	the	DET
dem-4189	21	2	majority	majority	NOUN
dem-4189	21	3	of	of	ADP
dem-4189	21	4	empirical	empirical	ADJ
dem-4189	21	5	investigations	investigation	NOUN
dem-4189	21	6	points	point	VERB
dem-4189	21	7	out	out	ADP
dem-4189	21	8	a	a	DET
dem-4189	21	9	certain	certain	ADJ
dem-4189	21	10	kind	kind	NOUN
dem-4189	21	11	of	of	ADP
dem-4189	21	12	segmentation	segmentation	NOUN
dem-4189	21	13	of	of	ADP
dem-4189	21	14	central	central	ADJ
dem-4189	21	15	-	-	PUNCT
dem-4189	21	16	eastern	eastern	ADJ
dem-4189	21	17	european	european	ADJ
dem-4189	21	18	markets	market	NOUN
dem-4189	21	19	and	and	CCONJ
dem-4189	21	20	the	the	DET
dem-4189	21	21	lack	lack	NOUN
dem-4189	21	22	of	of	ADP
dem-4189	21	23	uniformly	uniformly	ADV
dem-4189	21	24	increasing	increase	VERB
dem-4189	21	25	integration	integration	NOUN
dem-4189	21	26	with	with	ADP
dem-4189	21	27	the	the	DET
dem-4189	21	28	rest	rest	NOUN
dem-4189	21	29	of	of	ADP
dem-4189	21	30	europe	europe	PROPN
dem-4189	21	31	,	,	PUNCT
dem-4189	21	32	although	although	SCONJ
dem-4189	21	33	cee	cee	NOUN
dem-4189	21	34	markets	market	NOUN
dem-4189	21	35	remain	remain	VERB
dem-4189	21	36	under	under	ADP
dem-4189	21	37	a	a	DET
dem-4189	21	38	significant	significant	ADJ
dem-4189	21	39	influence	influence	NOUN
dem-4189	21	40	of	of	ADP
dem-4189	21	41	the	the	DET
dem-4189	21	42	world	world	NOUN
dem-4189	21	43	capital	capital	NOUN
dem-4189	21	44	market	market	NOUN
dem-4189	21	45	.	.	PUNCT
dem-4189	22	1	recent	recent	ADJ
dem-4189	22	2	theoretical	theoretical	ADJ
dem-4189	22	3	studies	study	NOUN
dem-4189	22	4	underline	underline	VERB
dem-4189	22	5	the	the	DET
dem-4189	22	6	importance	importance	NOUN
dem-4189	22	7	of	of	ADP
dem-4189	22	8	agents	agent	NOUN
dem-4189	22	9	heterogeneity	heterogeneity	NOUN
dem-4189	22	10	in	in	ADP
dem-4189	22	11	asset	asset	NOUN
dem-4189	22	12	pricing	pricing	NOUN
dem-4189	22	13	models	model	NOUN
dem-4189	22	14	(	(	PUNCT
dem-4189	22	15	see	see	VERB
dem-4189	22	16	,	,	PUNCT
dem-4189	22	17	e.g.	e.g.	ADV
dem-4189	22	18	,	,	PUNCT
dem-4189	22	19	the	the	DET
dem-4189	22	20	fractal	fractal	ADJ
dem-4189	22	21	market	market	NOUN
dem-4189	22	22	hypothesis	hypothesis	NOUN
dem-4189	22	23	of	of	ADP
dem-4189	22	24	peters	peters	PROPN
dem-4189	22	25	,	,	PUNCT
dem-4189	22	26	1994	1994	NUM
dem-4189	22	27	)	)	PUNCT
dem-4189	22	28	.	.	PUNCT
dem-4189	23	1	also	also	ADV
dem-4189	23	2	survey	survey	VERB
dem-4189	23	3	studies	study	NOUN
dem-4189	23	4	confirm	confirm	VERB
dem-4189	23	5	that	that	SCONJ
dem-4189	23	6	investors	investor	NOUN
dem-4189	23	7	acting	act	VERB
dem-4189	23	8	on	on	ADP
dem-4189	23	9	financial	financial	ADJ
dem-4189	23	10	markets	market	NOUN
dem-4189	23	11	have	have	VERB
dem-4189	23	12	different	different	ADJ
dem-4189	23	13	investment	investment	NOUN
dem-4189	23	14	strategies	strategy	NOUN
dem-4189	23	15	and	and	CCONJ
dem-4189	23	16	different	different	ADJ
dem-4189	23	17	investment	investment	NOUN
dem-4189	23	18	horizons	horizon	NOUN
dem-4189	23	19	–	–	PUNCT
dem-4189	23	20	from	from	ADP
dem-4189	23	21	one	one	NUM
dem-4189	23	22	day	day	NOUN
dem-4189	23	23	to	to	ADP
dem-4189	23	24	several	several	ADJ
dem-4189	23	25	years	year	NOUN
dem-4189	23	26	(	(	PUNCT
dem-4189	23	27	see	see	VERB
dem-4189	23	28	the	the	DET
dem-4189	23	29	discussion	discussion	NOUN
dem-4189	23	30	in	in	ADP
dem-4189	23	31	demary	demary	NOUN
dem-4189	23	32	,	,	PUNCT
dem-4189	23	33	2009	2009	NUM
dem-4189	23	34	)	)	PUNCT
dem-4189	23	35	.	.	PUNCT
dem-4189	24	1	agents	agent	NOUN
dem-4189	24	2	with	with	ADP
dem-4189	24	3	long	long	ADJ
dem-4189	24	4	investment	investment	NOUN
dem-4189	24	5	horizons	horizon	NOUN
dem-4189	24	6	concentrate	concentrate	VERB
dem-4189	24	7	on	on	ADP
dem-4189	24	8	economic	economic	ADJ
dem-4189	24	9	fundamentals	fundamental	NOUN
dem-4189	24	10	driving	drive	VERB
dem-4189	24	11	trends	trend	NOUN
dem-4189	24	12	,	,	PUNCT
dem-4189	24	13	while	while	SCONJ
dem-4189	24	14	speculators	speculator	NOUN
dem-4189	24	15	want	want	VERB
dem-4189	24	16	to	to	PART
dem-4189	24	17	beat	beat	VERB
dem-4189	24	18	the	the	DET
dem-4189	24	19	market	market	NOUN
dem-4189	24	20	in	in	ADP
dem-4189	24	21	the	the	DET
dem-4189	24	22	short	short	ADJ
dem-4189	24	23	run	run	NOUN
dem-4189	24	24	and	and	CCONJ
dem-4189	24	25	often	often	ADV
dem-4189	24	26	resort	resort	VERB
dem-4189	24	27	to	to	ADP
dem-4189	24	28	methods	method	NOUN
dem-4189	24	29	of	of	ADP
dem-4189	24	30	technical	technical	ADJ
dem-4189	24	31	analysis	analysis	NOUN
dem-4189	24	32	.	.	PUNCT
dem-4189	25	1	heterogeneity	heterogeneity	NOUN
dem-4189	25	2	of	of	ADP
dem-4189	25	3	agents	agent	NOUN
dem-4189	25	4	in	in	ADP
dem-4189	25	5	a	a	DET
dem-4189	25	6	natural	natural	ADJ
dem-4189	25	7	way	way	NOUN
dem-4189	25	8	gives	give	VERB
dem-4189	25	9	rise	rise	NOUN
dem-4189	25	10	to	to	PART
dem-4189	25	11	analyze	analyze	VERB
dem-4189	25	12	stock	stock	NOUN
dem-4189	25	13	prices	price	NOUN
dem-4189	25	14	according	accord	VERB
dem-4189	25	15	to	to	ADP
dem-4189	25	16	different	different	ADJ
dem-4189	25	17	time	time	NOUN
dem-4189	25	18	scales	scale	NOUN
dem-4189	25	19	(	(	PUNCT
dem-4189	25	20	investment	investment	NOUN
dem-4189	25	21	horizons	horizon	NOUN
dem-4189	25	22	)	)	PUNCT
dem-4189	25	23	.	.	PUNCT
dem-4189	26	1	a	a	DET
dem-4189	26	2	method	method	NOUN
dem-4189	26	3	which	which	PRON
dem-4189	26	4	enables	enable	VERB
dem-4189	26	5	investigation	investigation	NOUN
dem-4189	26	6	of	of	ADP
dem-4189	26	7	stochastic	stochastic	ADJ
dem-4189	26	8	processes	process	NOUN
dem-4189	26	9	decomposed	decompose	VERB
dem-4189	26	10	according	accord	VERB
dem-4189	26	11	to	to	ADP
dem-4189	26	12	scales	scale	NOUN
dem-4189	26	13	is	be	AUX
dem-4189	26	14	time	time	NOUN
dem-4189	26	15	-	-	PUNCT
dem-4189	26	16	scale	scale	NOUN
dem-4189	26	17	(	(	PUNCT
dem-4189	26	18	wavelet	wavelet	NOUN
dem-4189	26	19	)	)	PUNCT
dem-4189	26	20	analysis	analysis	NOUN
dem-4189	26	21	.	.	PUNCT
dem-4189	27	1	the	the	DET
dem-4189	27	2	aim	aim	NOUN
dem-4189	27	3	of	of	ADP
dem-4189	27	4	this	this	DET
dem-4189	27	5	study	study	NOUN
dem-4189	27	6	is	be	AUX
dem-4189	27	7	to	to	PART
dem-4189	27	8	apply	apply	VERB
dem-4189	27	9	wavelet	wavelet	NOUN
dem-4189	27	10	analysis	analysis	NOUN
dem-4189	27	11	to	to	PART
dem-4189	27	12	investigate	investigate	VERB
dem-4189	27	13	the	the	DET
dem-4189	27	14	convergence	convergence	NOUN
dem-4189	27	15	process	process	NOUN
dem-4189	27	16	between	between	ADP
dem-4189	27	17	central	central	ADJ
dem-4189	27	18	european	european	ADJ
dem-4189	27	19	capital	capital	NOUN
dem-4189	27	20	markets	market	NOUN
dem-4189	27	21	and	and	CCONJ
dem-4189	27	22	developed	develop	VERB
dem-4189	27	23	european	european	ADJ
dem-4189	27	24	markets	market	NOUN
dem-4189	27	25	.	.	PUNCT
dem-4189	28	1	as	as	SCONJ
dem-4189	28	2	by	by	ADP
dem-4189	28	3	design	design	NOUN
dem-4189	28	4	the	the	DET
dem-4189	28	5	subject	subject	NOUN
dem-4189	28	6	of	of	ADP
dem-4189	28	7	this	this	DET
dem-4189	28	8	investigation	investigation	NOUN
dem-4189	28	9	are	be	AUX
dem-4189	28	10	not	not	PART
dem-4189	28	11	the	the	DET
dem-4189	28	12	directly	directly	ADV
dem-4189	28	13	observed	observe	VERB
dem-4189	28	14	results	result	NOUN
dem-4189	28	15	of	of	ADP
dem-4189	28	16	the	the	DET
dem-4189	28	17	globalization	globalization	NOUN
dem-4189	28	18	process	process	NOUN
dem-4189	28	19	,	,	PUNCT
dem-4189	28	20	and	and	CCONJ
dem-4189	28	21	therein	therein	ADV
dem-4189	28	22	the	the	DET
dem-4189	28	23	so	so	ADV
dem-4189	28	24	-	-	PUNCT
dem-4189	28	25	called	call	VERB
dem-4189	28	26	contagion	contagion	NOUN
dem-4189	28	27	effects	effect	NOUN
dem-4189	28	28	on	on	ADP
dem-4189	28	29	financial	financial	ADJ
dem-4189	28	30	markets	market	NOUN
dem-4189	28	31	,	,	PUNCT
dem-4189	28	32	but	but	CCONJ
dem-4189	28	33	rather	rather	ADV
dem-4189	28	34	their	their	PRON
dem-4189	28	35	time	time	NOUN
dem-4189	28	36	-	-	PUNCT
dem-4189	28	37	scale	scale	NOUN
dem-4189	28	38	consequences	consequence	NOUN
dem-4189	28	39	for	for	ADP
dem-4189	28	40	stock	stock	NOUN
dem-4189	28	41	investors	investor	NOUN
dem-4189	28	42	,	,	PUNCT
dem-4189	28	43	stock	stock	NOUN
dem-4189	28	44	indices	index	NOUN
dem-4189	28	45	have	have	AUX
dem-4189	28	46	been	be	AUX
dem-4189	28	47	denominated	denominate	VERB
dem-4189	28	48	in	in	ADP
dem-4189	28	49	one	one	NUM
dem-4189	28	50	currency	currency	NOUN
dem-4189	28	51	(	(	PUNCT
dem-4189	28	52	polish	polish	NOUN
dem-4189	28	53	zloty	zloty	NOUN
dem-4189	28	54	)	)	PUNCT
dem-4189	28	55	in	in	ADP
dem-4189	28	56	order	order	NOUN
dem-4189	28	57	to	to	PART
dem-4189	28	58	compensate	compensate	VERB
dem-4189	28	59	for	for	ADP
dem-4189	28	60	foreign	foreign	ADJ
dem-4189	28	61	currency	currency	NOUN
dem-4189	28	62	exposure	exposure	NOUN
dem-4189	28	63	.	.	PUNCT
dem-4189	29	1	european	european	ADJ
dem-4189	29	2	equity	equity	NOUN
dem-4189	29	3	market	market	NOUN
dem-4189	29	4	integration	integration	NOUN
dem-4189	29	5	and	and	CCONJ
dem-4189	29	6	optimal	optimal	ADJ
dem-4189	29	7	investment	investment	NOUN
dem-4189	29	8	horizons	horizon	NOUN
dem-4189	29	9	…	…	PUNCT
dem-4189	29	10	17	17	NUM
dem-4189	29	11	the	the	DET
dem-4189	29	12	empirical	empirical	ADJ
dem-4189	29	13	investigation	investigation	NOUN
dem-4189	29	14	spans	span	NOUN
dem-4189	29	15	indices	indice	VERB
dem-4189	29	16	from	from	ADP
dem-4189	29	17	three	three	NUM
dem-4189	29	18	developed	develop	VERB
dem-4189	29	19	european	european	ADJ
dem-4189	29	20	stock	stock	NOUN
dem-4189	29	21	markets	market	NOUN
dem-4189	29	22	–	–	PUNCT
dem-4189	29	23	frankfurt	frankfurt	PROPN
dem-4189	29	24	(	(	PUNCT
dem-4189	29	25	dax	dax	PROPN
dem-4189	29	26	)	)	PUNCT
dem-4189	29	27	,	,	PUNCT
dem-4189	29	28	london	london	PROPN
dem-4189	29	29	(	(	PUNCT
dem-4189	29	30	ftse1000	ftse1000	PROPN
dem-4189	29	31	)	)	PUNCT
dem-4189	29	32	and	and	CCONJ
dem-4189	29	33	paris	paris	PROPN
dem-4189	29	34	(	(	PUNCT
dem-4189	29	35	cac40	cac40	PROPN
dem-4189	29	36	)	)	PUNCT
dem-4189	29	37	–	–	PUNCT
dem-4189	29	38	as	as	ADV
dem-4189	29	39	well	well	ADV
dem-4189	29	40	as	as	ADP
dem-4189	29	41	six	six	NUM
dem-4189	29	42	emerging	emerge	VERB
dem-4189	29	43	markets	market	NOUN
dem-4189	29	44	from	from	ADP
dem-4189	29	45	the	the	DET
dem-4189	29	46	central	central	ADJ
dem-4189	29	47	and	and	CCONJ
dem-4189	29	48	eastern	eastern	ADJ
dem-4189	29	49	europe	europe	PROPN
dem-4189	29	50	–	–	PUNCT
dem-4189	29	51	prague	prague	NOUN
dem-4189	29	52	(	(	PUNCT
dem-4189	29	53	px50	px50	PROPN
dem-4189	29	54	)	)	PUNCT
dem-4189	29	55	,	,	PUNCT
dem-4189	29	56	bratislava	bratislava	PROPN
dem-4189	29	57	(	(	PUNCT
dem-4189	29	58	sax	sax	PROPN
dem-4189	29	59	)	)	PUNCT
dem-4189	29	60	,	,	PUNCT
dem-4189	29	61	budapest	budapest	PROPN
dem-4189	29	62	(	(	PUNCT
dem-4189	29	63	bux	bux	PROPN
dem-4189	29	64	)	)	PUNCT
dem-4189	29	65	,	,	PUNCT
dem-4189	29	66	sofia	sofia	PROPN
dem-4189	29	67	(	(	PUNCT
dem-4189	29	68	sofix	sofix	NOUN
dem-4189	29	69	)	)	PUNCT
dem-4189	29	70	,	,	PUNCT
dem-4189	29	71	bucharest	buchar	ADJ
dem-4189	29	72	(	(	PUNCT
dem-4189	29	73	bet	bet	PROPN
dem-4189	29	74	)	)	PUNCT
dem-4189	29	75	and	and	CCONJ
dem-4189	29	76	warsaw	warsaw	PROPN
dem-4189	29	77	(	(	PUNCT
dem-4189	29	78	wig	wig	NOUN
dem-4189	29	79	)	)	PUNCT
dem-4189	29	80	.	.	PUNCT
dem-4189	30	1	the	the	DET
dem-4189	30	2	study	study	NOUN
dem-4189	30	3	concentrates	concentrate	VERB
dem-4189	30	4	on	on	ADP
dem-4189	30	5	the	the	DET
dem-4189	30	6	following	follow	VERB
dem-4189	30	7	questions	question	NOUN
dem-4189	30	8	:	:	PUNCT
dem-4189	30	9	−	−	PROPN
dem-4189	30	10	do	do	AUX
dem-4189	30	11	european	european	ADJ
dem-4189	30	12	stock	stock	NOUN
dem-4189	30	13	markets	market	NOUN
dem-4189	30	14	converge	converge	VERB
dem-4189	30	15	(	(	PUNCT
dem-4189	30	16	emerging	emerge	VERB
dem-4189	30	17	markets	market	NOUN
dem-4189	30	18	alone	alone	ADJ
dem-4189	30	19	as	as	ADV
dem-4189	30	20	well	well	ADV
dem-4189	30	21	as	as	ADP
dem-4189	30	22	both	both	PRON
dem-4189	30	23	developing	develop	VERB
dem-4189	30	24	and	and	CCONJ
dem-4189	30	25	developed	develop	VERB
dem-4189	30	26	european	european	ADJ
dem-4189	30	27	markets	market	NOUN
dem-4189	30	28	)	)	PUNCT
dem-4189	30	29	,	,	PUNCT
dem-4189	30	30	and	and	CCONJ
dem-4189	30	31	if	if	SCONJ
dem-4189	30	32	so	so	ADV
dem-4189	30	33	,	,	PUNCT
dem-4189	30	34	is	be	AUX
dem-4189	30	35	the	the	DET
dem-4189	30	36	process	process	NOUN
dem-4189	30	37	uniform	uniform	NOUN
dem-4189	30	38	in	in	ADP
dem-4189	30	39	time	time	NOUN
dem-4189	30	40	and	and	CCONJ
dem-4189	30	41	across	across	ADP
dem-4189	30	42	investment	investment	NOUN
dem-4189	30	43	horizons	horizon	NOUN
dem-4189	30	44	(	(	PUNCT
dem-4189	30	45	scales	scale	NOUN
dem-4189	30	46	)	)	PUNCT
dem-4189	30	47	?	?	PUNCT
dem-4189	31	1	−	−	PROPN
dem-4189	31	2	for	for	ADP
dem-4189	31	3	which	which	PRON
dem-4189	31	4	investment	investment	NOUN
dem-4189	31	5	horizons	horizon	NOUN
dem-4189	31	6	is	be	AUX
dem-4189	31	7	international	international	ADJ
dem-4189	31	8	portfolio	portfolio	NOUN
dem-4189	31	9	diversification	diversification	NOUN
dem-4189	31	10	most	most	ADV
dem-4189	31	11	efficient	efficient	ADJ
dem-4189	31	12	?	?	PUNCT
dem-4189	32	1	−	−	PROPN
dem-4189	32	2	is	be	AUX
dem-4189	32	3	the	the	DET
dem-4189	32	4	process	process	NOUN
dem-4189	32	5	of	of	ADP
dem-4189	32	6	the	the	DET
dem-4189	32	7	fast	fast	ADJ
dem-4189	32	8	development	development	NOUN
dem-4189	32	9	of	of	ADP
dem-4189	32	10	cee	cee	PROPN
dem-4189	32	11	stock	stock	NOUN
dem-4189	32	12	markets	market	NOUN
dem-4189	32	13	accompanied	accompany	VERB
dem-4189	32	14	by	by	ADP
dem-4189	32	15	the	the	DET
dem-4189	32	16	rise	rise	NOUN
dem-4189	32	17	of	of	ADP
dem-4189	32	18	investment	investment	NOUN
dem-4189	32	19	risk	risk	NOUN
dem-4189	32	20	?	?	PUNCT
dem-4189	33	1	−	−	PROPN
dem-4189	33	2	is	be	AUX
dem-4189	33	3	there	there	PRON
dem-4189	33	4	an	an	DET
dem-4189	33	5	eu	eu	PROPN
dem-4189	33	6	’s	’s	PART
dem-4189	33	7	effect	effect	NOUN
dem-4189	33	8	–	–	PUNCT
dem-4189	33	9	an	an	DET
dem-4189	33	10	increase	increase	NOUN
dem-4189	33	11	in	in	ADP
dem-4189	33	12	stock	stock	NOUN
dem-4189	33	13	exchange	exchange	NOUN
dem-4189	33	14	comovements	comovement	NOUN
dem-4189	33	15	caused	cause	VERB
dem-4189	33	16	by	by	ADP
dem-4189	33	17	policy	policy	NOUN
dem-4189	33	18	coordination	coordination	NOUN
dem-4189	33	19	,	,	PUNCT
dem-4189	33	20	the	the	DET
dem-4189	33	21	rise	rise	NOUN
dem-4189	33	22	in	in	ADP
dem-4189	33	23	trade	trade	NOUN
dem-4189	33	24	and	and	CCONJ
dem-4189	33	25	investment	investment	NOUN
dem-4189	33	26	and	and	CCONJ
dem-4189	33	27	the	the	DET
dem-4189	33	28	opening	opening	NOUN
dem-4189	33	29	of	of	ADP
dem-4189	33	30	labor	labor	NOUN
dem-4189	33	31	markets	market	NOUN
dem-4189	33	32	that	that	PRON
dem-4189	33	33	foster	foster	VERB
dem-4189	33	34	the	the	DET
dem-4189	33	35	process	process	NOUN
dem-4189	33	36	of	of	ADP
dem-4189	33	37	real	real	ADJ
dem-4189	33	38	macroeconomic	macroeconomic	ADJ
dem-4189	33	39	convergence	convergence	NOUN
dem-4189	33	40	?	?	PUNCT
dem-4189	34	1	the	the	DET
dem-4189	34	2	rest	rest	NOUN
dem-4189	34	3	of	of	ADP
dem-4189	34	4	the	the	DET
dem-4189	34	5	paper	paper	NOUN
dem-4189	34	6	is	be	AUX
dem-4189	34	7	organized	organize	VERB
dem-4189	34	8	as	as	SCONJ
dem-4189	34	9	follows	follow	VERB
dem-4189	34	10	.	.	PUNCT
dem-4189	35	1	section	section	NOUN
dem-4189	35	2	2	2	NUM
dem-4189	35	3	describes	describe	VERB
dem-4189	35	4	briefly	briefly	ADV
dem-4189	35	5	the	the	DET
dem-4189	35	6	tools	tool	NOUN
dem-4189	35	7	of	of	ADP
dem-4189	35	8	wavelet	wavelet	NOUN
dem-4189	35	9	analysis	analysis	NOUN
dem-4189	35	10	that	that	PRON
dem-4189	35	11	are	be	AUX
dem-4189	35	12	used	use	VERB
dem-4189	35	13	in	in	ADP
dem-4189	35	14	the	the	DET
dem-4189	35	15	study	study	NOUN
dem-4189	35	16	,	,	PUNCT
dem-4189	35	17	section	section	NOUN
dem-4189	35	18	3	3	NUM
dem-4189	35	19	presents	present	VERB
dem-4189	35	20	main	main	ADJ
dem-4189	35	21	empirical	empirical	ADJ
dem-4189	35	22	results	result	NOUN
dem-4189	35	23	,	,	PUNCT
dem-4189	35	24	while	while	SCONJ
dem-4189	35	25	the	the	DET
dem-4189	35	26	last	last	ADJ
dem-4189	35	27	section	section	NOUN
dem-4189	35	28	shortly	shortly	ADV
dem-4189	35	29	concludes	conclude	VERB
dem-4189	35	30	.	.	PUNCT
dem-4189	36	1	2	2	X
dem-4189	36	2	.	.	NOUN
dem-4189	36	3	methodology	methodology	NOUN
dem-4189	36	4	wavelet	wavelet	NOUN
dem-4189	36	5	analysis	analysis	NOUN
dem-4189	36	6	consists	consist	VERB
dem-4189	36	7	in	in	ADP
dem-4189	36	8	decomposing	decompose	VERB
dem-4189	36	9	a	a	DET
dem-4189	36	10	signal	signal	NOUN
dem-4189	36	11	into	into	ADP
dem-4189	36	12	shifted	shift	VERB
dem-4189	36	13	and	and	CCONJ
dem-4189	36	14	scaled	scale	VERB
dem-4189	36	15	versions	version	NOUN
dem-4189	36	16	of	of	ADP
dem-4189	36	17	a	a	DET
dem-4189	36	18	basis	basis	NOUN
dem-4189	36	19	function	function	NOUN
dem-4189	36	20	,	,	PUNCT
dem-4189	36	21	)	)	PUNCT
dem-4189	36	22	(	(	PUNCT
dem-4189	36	23	⋅ψ	⋅ψ	PROPN
dem-4189	36	24	,	,	PUNCT
dem-4189	36	25	called	call	VERB
dem-4189	36	26	the	the	DET
dem-4189	36	27	mother	mother	NOUN
dem-4189	36	28	wavelet	wavelet	NOUN
dem-4189	36	29	.	.	PUNCT
dem-4189	37	1	the	the	DET
dem-4189	37	2	decomposition	decomposition	NOUN
dem-4189	37	3	can	can	AUX
dem-4189	37	4	be	be	AUX
dem-4189	37	5	continuous	continuous	ADJ
dem-4189	37	6	or	or	CCONJ
dem-4189	37	7	discrete	discrete	ADJ
dem-4189	37	8	depending	depend	VERB
dem-4189	37	9	on	on	ADP
dem-4189	37	10	the	the	DET
dem-4189	37	11	kind	kind	NOUN
dem-4189	37	12	of	of	ADP
dem-4189	37	13	the	the	DET
dem-4189	37	14	wavelet	wavelet	NOUN
dem-4189	37	15	transform	transform	NOUN
dem-4189	37	16	applied	apply	VERB
dem-4189	37	17	.	.	PUNCT
dem-4189	38	1	the	the	DET
dem-4189	38	2	discrete	discrete	ADJ
dem-4189	38	3	wavelet	wavelet	NOUN
dem-4189	38	4	transform	transform	NOUN
dem-4189	38	5	(	(	PUNCT
dem-4189	38	6	dwt	dwt	NOUN
dem-4189	38	7	)	)	PUNCT
dem-4189	38	8	provides	provide	VERB
dem-4189	38	9	a	a	DET
dem-4189	38	10	parsimonious	parsimonious	ADJ
dem-4189	38	11	representation	representation	NOUN
dem-4189	38	12	of	of	ADP
dem-4189	38	13	the	the	DET
dem-4189	38	14	data	datum	NOUN
dem-4189	38	15	and	and	CCONJ
dem-4189	38	16	is	be	AUX
dem-4189	38	17	particularly	particularly	ADV
dem-4189	38	18	useful	useful	ADJ
dem-4189	38	19	in	in	ADP
dem-4189	38	20	noise	noise	NOUN
dem-4189	38	21	reduction	reduction	NOUN
dem-4189	38	22	and	and	CCONJ
dem-4189	38	23	information	information	NOUN
dem-4189	38	24	compression	compression	NOUN
dem-4189	38	25	,	,	PUNCT
dem-4189	38	26	while	while	SCONJ
dem-4189	38	27	the	the	DET
dem-4189	38	28	continuous	continuous	ADJ
dem-4189	38	29	wavelet	wavelet	NOUN
dem-4189	38	30	transform	transform	NOUN
dem-4189	38	31	(	(	PUNCT
dem-4189	38	32	cwt	cwt	NOUN
dem-4189	38	33	)	)	PUNCT
dem-4189	38	34	is	be	AUX
dem-4189	38	35	more	more	ADV
dem-4189	38	36	helpful	helpful	ADJ
dem-4189	38	37	in	in	ADP
dem-4189	38	38	recognizing	recognize	VERB
dem-4189	38	39	local	local	ADJ
dem-4189	38	40	features	feature	NOUN
dem-4189	38	41	of	of	ADP
dem-4189	38	42	signals	signal	NOUN
dem-4189	38	43	,	,	PUNCT
dem-4189	38	44	especially	especially	ADV
dem-4189	38	45	those	those	PRON
dem-4189	38	46	that	that	PRON
dem-4189	38	47	are	be	AUX
dem-4189	38	48	defined	define	VERB
dem-4189	38	49	over	over	ADP
dem-4189	38	50	the	the	DET
dem-4189	38	51	entire	entire	ADJ
dem-4189	38	52	real	real	ADJ
dem-4189	38	53	axis	axis	NOUN
dem-4189	38	54	,	,	PUNCT
dem-4189	38	55	although	although	SCONJ
dem-4189	38	56	this	this	DET
dem-4189	38	57	results	result	NOUN
dem-4189	38	58	in	in	ADP
dem-4189	38	59	excessive	excessive	ADJ
dem-4189	38	60	redundancy	redundancy	NOUN
dem-4189	38	61	of	of	ADP
dem-4189	38	62	information	information	NOUN
dem-4189	38	63	.	.	PUNCT
dem-4189	39	1	the	the	DET
dem-4189	39	2	continuous	continuous	ADJ
dem-4189	39	3	wavelet	wavelet	NOUN
dem-4189	39	4	transform	transform	NOUN
dem-4189	39	5	of	of	ADP
dem-4189	39	6	a	a	DET
dem-4189	39	7	function	function	NOUN
dem-4189	39	8	)	)	PUNCT
dem-4189	39	9	(	(	PUNCT
dem-4189	39	10	⋅f	⋅f	NOUN
dem-4189	39	11	is	be	AUX
dem-4189	39	12	defined	define	VERB
dem-4189	39	13	as	as	SCONJ
dem-4189	39	14	follows	follow	VERB
dem-4189	39	15	:	:	PUNCT
dem-4189	40	1	∫	∫	PROPN
dem-4189	40	2	∞	∞	PROPN
dem-4189	40	3	∞−	∞−	PROPN
dem-4189	40	4	=	=	SYM
dem-4189	40	5	dxxfxtw	dxxfxtw	PROPN
dem-4189	40	6	t	t	PROPN
dem-4189	40	7	)	)	PUNCT
dem-4189	40	8	(	(	PUNCT
dem-4189	40	9	)	)	PUNCT
dem-4189	40	10	(	(	PUNCT
dem-4189	40	11	)	)	PUNCT
dem-4189	40	12	,	,	PUNCT
dem-4189	40	13	(	(	PUNCT
dem-4189	40	14	,	,	PUNCT
dem-4189	40	15	λψλ	λψλ	INTJ
dem-4189	40	16	,	,	PUNCT
dem-4189	40	17	(	(	PUNCT
dem-4189	40	18	1	1	X
dem-4189	40	19	)	)	PUNCT
dem-4189	40	20	where	where	SCONJ
dem-4189	40	21	:	:	PUNCT
dem-4189	40	22	⎟	⎟	X
dem-4189	40	23	⎠	⎠	X
dem-4189	40	24	⎞	⎞	VERB
dem-4189	40	25	⎜	⎜	PROPN
dem-4189	40	26	⎝	⎝	PUNCT
dem-4189	40	27	⎛	⎛	NOUN
dem-4189	41	1	−	−	NOUN
dem-4189	41	2	=	=	SYM
dem-4189	41	3	λ	λ	X
dem-4189	41	4	ψ	ψ	X
dem-4189	41	5	λ	λ	X
dem-4189	41	6	ψ	ψ	X
dem-4189	41	7	λ	λ	X
dem-4189	41	8	txxt	txxt	NOUN
dem-4189	41	9	1	1	NUM
dem-4189	41	10	)	)	PUNCT
dem-4189	41	11	(	(	PUNCT
dem-4189	41	12	,	,	PUNCT
dem-4189	41	13	,	,	PUNCT
dem-4189	41	14	0	0	PUNCT
dem-4189	41	15	>	>	X
dem-4189	41	16	λ	λ	X
dem-4189	41	17	.	.	PUNCT
dem-4189	42	1	(	(	PUNCT
dem-4189	42	2	2	2	NUM
dem-4189	42	3	)	)	PUNCT
dem-4189	42	4	by	by	ADP
dem-4189	42	5	applying	apply	VERB
dem-4189	42	6	the	the	DET
dem-4189	42	7	cwt	cwt	NOUN
dem-4189	42	8	we	we	PRON
dem-4189	42	9	obtain	obtain	VERB
dem-4189	42	10	a	a	DET
dem-4189	42	11	set	set	NOUN
dem-4189	42	12	of	of	ADP
dem-4189	42	13	wavelet	wavelet	NOUN
dem-4189	42	14	coefficients	coefficient	NOUN
dem-4189	42	15	,	,	PUNCT
dem-4189	42	16	)	)	PUNCT
dem-4189	42	17	(	(	PUNCT
dem-4189	42	18	,	,	PUNCT
dem-4189	42	19	xtλψ	xtλψ	PROPN
dem-4189	42	20	,	,	PUNCT
dem-4189	42	21	depending	depend	VERB
dem-4189	42	22	on	on	ADP
dem-4189	42	23	scale	scale	NOUN
dem-4189	42	24	λ	λ	NOUN
dem-4189	42	25	and	and	CCONJ
dem-4189	42	26	time	time	NOUN
dem-4189	42	27	t.	t.	PROPN
dem-4189	42	28	let	let	VERB
dem-4189	42	29	us	we	PRON
dem-4189	42	30	consider	consider	VERB
dem-4189	42	31	a	a	DET
dem-4189	42	32	vector	vector	NOUN
dem-4189	42	33	of	of	ADP
dem-4189	42	34	length	length	NOUN
dem-4189	42	35	jn	jn	PROPN
dem-4189	42	36	2=	2=	NUM
dem-4189	42	37	in	in	ADP
dem-4189	42	38	the	the	DET
dem-4189	42	39	joanna	joanna	PROPN
dem-4189	42	40	bruzda	bruzda	PROPN
dem-4189	42	41	18	18	NUM
dem-4189	42	42	form	form	NOUN
dem-4189	42	43	)	)	PUNCT
dem-4189	42	44	,	,	PUNCT
dem-4189	42	45	,	,	PUNCT
dem-4189	42	46	,	,	PUNCT
dem-4189	42	47	(	(	PUNCT
dem-4189	42	48	110	110	NUM
dem-4189	42	49	′=	′=	PROPN
dem-4189	42	50	−nxxx	−nxxx	X
dem-4189	42	51	…	…	PUNCT
dem-4189	42	52	x	x	X
dem-4189	42	53	.	.	PUNCT
dem-4189	43	1	for	for	ADP
dem-4189	43	2	jj	jj	PROPN
dem-4189	43	3	,	,	PUNCT
dem-4189	43	4	,	,	PUNCT
dem-4189	43	5	2,1	2,1	NUM
dem-4189	43	6	…	…	PUNCT
dem-4189	43	7	=	=	SYM
dem-4189	43	8	and	and	CCONJ
dem-4189	43	9	12,,1,0	12,,1,0	NUM
dem-4189	43	10	−=	−=	NOUN
dem-4189	43	11	−	−	PROPN
dem-4189	43	12	jjt	jjt	NOUN
dem-4189	43	13	…	…	PUNCT
dem-4189	43	14	we	we	PRON
dem-4189	43	15	define	define	VERB
dem-4189	43	16	the	the	DET
dem-4189	43	17	discrete	discrete	ADJ
dem-4189	43	18	wavelet	wavelet	NOUN
dem-4189	43	19	transform	transform	NOUN
dem-4189	43	20	of	of	ADP
dem-4189	43	21	vector	vector	NOUN
dem-4189	43	22	x	x	NOUN
dem-4189	43	23	:	:	PUNCT
dem-4189	43	24	(	(	PUNCT
dem-4189	43	25	)	)	PUNCT
dem-4189	43	26	∑	∑	ADP
dem-4189	43	27	−	−	PROPN
dem-4189	44	1	=	=	SYM
dem-4189	45	1	=	=	SYM
dem-4189	46	1	1	1	NUM
dem-4189	46	2	0	0	NUM
dem-4189	46	3	,	,	PUNCT
dem-4189	46	4	,	,	PUNCT
dem-4189	46	5	n	n	CCONJ
dem-4189	46	6	n	n	ADV
dem-4189	46	7	tjntj	tjntj	VERB
dem-4189	46	8	nxw	nxw	PROPN
dem-4189	46	9	ψ	ψ	PROPN
dem-4189	46	10	,	,	PUNCT
dem-4189	46	11	(	(	PUNCT
dem-4189	46	12	3	3	X
dem-4189	46	13	)	)	PUNCT
dem-4189	46	14	where	where	SCONJ
dem-4189	46	15	)	)	PUNCT
dem-4189	46	16	(	(	PUNCT
dem-4189	46	17	,	,	PUNCT
dem-4189	46	18	⋅tjψ	⋅tjψ	PROPN
dem-4189	46	19	are	be	AUX
dem-4189	46	20	shifted	shift	VERB
dem-4189	46	21	and	and	CCONJ
dem-4189	46	22	scaled	scale	VERB
dem-4189	46	23	versions	version	NOUN
dem-4189	46	24	of	of	ADP
dem-4189	46	25	the	the	DET
dem-4189	46	26	mother	mother	NOUN
dem-4189	46	27	wavelet	wavelet	NOUN
dem-4189	46	28	with	with	ADP
dem-4189	46	29	dyadic	dyadic	ADJ
dem-4189	46	30	shifts	shift	NOUN
dem-4189	46	31	and	and	CCONJ
dem-4189	46	32	scales	scale	NOUN
dem-4189	46	33	,	,	PUNCT
dem-4189	46	34	i.e.	i.e.	ADV
dem-4189	46	35	:	:	PUNCT
dem-4189	46	36	(	(	PUNCT
dem-4189	46	37	)	)	PUNCT
dem-4189	46	38	txx	txx	VERB
dem-4189	46	39	jj	jj	PROPN
dem-4189	46	40	tj	tj	PROPN
dem-4189	46	41	−=	−=	PROPN
dem-4189	46	42	−−	−−	PROPN
dem-4189	46	43	22	22	NUM
dem-4189	46	44	)	)	PUNCT
dem-4189	46	45	(	(	PUNCT
dem-4189	46	46	2/	2/	NUM
dem-4189	46	47	,	,	PUNCT
dem-4189	46	48	ψψ	ψψ	ADJ
dem-4189	46	49	.	.	PUNCT
dem-4189	47	1	(	(	PUNCT
dem-4189	47	2	4	4	X
dem-4189	47	3	)	)	PUNCT
dem-4189	47	4	for	for	ADP
dem-4189	47	5	a	a	DET
dem-4189	47	6	given	give	VERB
dem-4189	47	7	j	j	PROPN
dem-4189	47	8	the	the	DET
dem-4189	47	9	coefficients	coefficient	NOUN
dem-4189	47	10	tjw	tjw	INTJ
dem-4189	47	11	,	,	PUNCT
dem-4189	47	12	correspond	correspond	VERB
dem-4189	47	13	to	to	PART
dem-4189	47	14	scale	scale	VERB
dem-4189	47	15	12	12	NUM
dem-4189	47	16	−=	−=	NOUN
dem-4189	47	17	j	j	PROPN
dem-4189	47	18	jλ	jλ	VERB
dem-4189	47	19	.	.	PUNCT
dem-4189	48	1	the	the	DET
dem-4189	48	2	dwt	dwt	NOUN
dem-4189	48	3	results	result	VERB
dem-4189	48	4	from	from	ADP
dem-4189	48	5	a	a	DET
dem-4189	48	6	critical	critical	ADJ
dem-4189	48	7	sampling	sampling	NOUN
dem-4189	48	8	of	of	ADP
dem-4189	48	9	the	the	DET
dem-4189	48	10	cwt	cwt	NOUN
dem-4189	48	11	,	,	PUNCT
dem-4189	48	12	which	which	PRON
dem-4189	48	13	means	mean	VERB
dem-4189	48	14	that	that	SCONJ
dem-4189	48	15	it	it	PRON
dem-4189	48	16	contains	contain	VERB
dem-4189	48	17	the	the	DET
dem-4189	48	18	minimal	minimal	ADJ
dem-4189	48	19	amount	amount	NOUN
dem-4189	48	20	of	of	ADP
dem-4189	48	21	wavelet	wavelet	NOUN
dem-4189	48	22	coefficients	coefficient	NOUN
dem-4189	48	23	for	for	ADP
dem-4189	48	24	complete	complete	ADJ
dem-4189	48	25	reconstruction	reconstruction	NOUN
dem-4189	48	26	of	of	ADP
dem-4189	48	27	the	the	DET
dem-4189	48	28	signal	signal	NOUN
dem-4189	48	29	.	.	PUNCT
dem-4189	49	1	here	here	ADV
dem-4189	49	2	in	in	ADP
dem-4189	49	3	the	the	DET
dem-4189	49	4	paper	paper	NOUN
dem-4189	49	5	,	,	PUNCT
dem-4189	49	6	following	follow	VERB
dem-4189	49	7	,	,	PUNCT
dem-4189	49	8	e.g.	e.g.	ADV
dem-4189	49	9	,	,	PUNCT
dem-4189	49	10	percival	percival	NOUN
dem-4189	49	11	and	and	CCONJ
dem-4189	49	12	walden	walden	NOUN
dem-4189	49	13	(	(	PUNCT
dem-4189	49	14	2002	2002	NUM
dem-4189	49	15	)	)	PUNCT
dem-4189	49	16	,	,	PUNCT
dem-4189	49	17	we	we	PRON
dem-4189	49	18	concentrate	concentrate	VERB
dem-4189	49	19	exclusively	exclusively	ADV
dem-4189	49	20	on	on	ADP
dem-4189	49	21	the	the	DET
dem-4189	49	22	dwt	dwt	NOUN
dem-4189	49	23	considering	consider	VERB
dem-4189	49	24	it	it	PRON
dem-4189	49	25	as	as	ADP
dem-4189	49	26	a	a	DET
dem-4189	49	27	more	more	ADV
dem-4189	49	28	natural	natural	ADJ
dem-4189	49	29	way	way	NOUN
dem-4189	49	30	of	of	ADP
dem-4189	49	31	analyzing	analyze	VERB
dem-4189	49	32	discrete	discrete	ADJ
dem-4189	49	33	time	time	NOUN
dem-4189	49	34	series	series	NOUN
dem-4189	49	35	.	.	PUNCT
dem-4189	50	1	among	among	ADP
dem-4189	50	2	wavelet	wavelet	NOUN
dem-4189	50	3	tools	tool	NOUN
dem-4189	50	4	based	base	VERB
dem-4189	50	5	on	on	ADP
dem-4189	50	6	the	the	DET
dem-4189	50	7	discrete	discrete	ADJ
dem-4189	50	8	transform	transform	NOUN
dem-4189	50	9	are	be	AUX
dem-4189	50	10	the	the	DET
dem-4189	50	11	wavelet	wavelet	NOUN
dem-4189	50	12	variances	variance	NOUN
dem-4189	50	13	and	and	CCONJ
dem-4189	50	14	the	the	DET
dem-4189	50	15	wavelet	wavelet	NOUN
dem-4189	50	16	correlations	correlation	NOUN
dem-4189	50	17	(	(	PUNCT
dem-4189	50	18	also	also	ADV
dem-4189	50	19	known	know	VERB
dem-4189	50	20	as	as	ADP
dem-4189	50	21	the	the	DET
dem-4189	50	22	wavelet	wavelet	NOUN
dem-4189	50	23	coherences	coherence	NOUN
dem-4189	50	24	–	–	PUNCT
dem-4189	50	25	see	see	VERB
dem-4189	50	26	sanderson	sanderson	PROPN
dem-4189	50	27	et	et	PROPN
dem-4189	50	28	al	al	PROPN
dem-4189	50	29	.	.	PROPN
dem-4189	50	30	,	,	PUNCT
dem-4189	50	31	2009).1	2009).1	NUM
dem-4189	50	32	for	for	SCONJ
dem-4189	50	33	a	a	DET
dem-4189	50	34	stochastic	stochastic	ADJ
dem-4189	50	35	process	process	NOUN
dem-4189	50	36	ty	ty	ADP
dem-4189	50	37	the	the	DET
dem-4189	50	38	timedependent	timedependent	NOUN
dem-4189	50	39	wavelet	wavelet	NOUN
dem-4189	50	40	variance	variance	NOUN
dem-4189	50	41	is	be	AUX
dem-4189	50	42	defined	define	VERB
dem-4189	50	43	as	as	ADP
dem-4189	50	44	:	:	PUNCT
dem-4189	50	45	)	)	PUNCT
dem-4189	50	46	var	var	NOUN
dem-4189	50	47	(	(	PUNCT
dem-4189	50	48	2	2	NUM
dem-4189	50	49	1	1	NUM
dem-4189	50	50	)	)	PUNCT
dem-4189	50	51	(	(	PUNCT
dem-4189	50	52	,	,	PUNCT
dem-4189	50	53	2	2	NUM
dem-4189	50	54	tj	tj	NOUN
dem-4189	51	1	j	j	PROPN
dem-4189	51	2	jt	jt	PROPN
dem-4189	51	3	w	w	PROPN
dem-4189	51	4	λ	λ	PROPN
dem-4189	51	5	λσ	λσ	PRON
dem-4189	52	1	=	=	NOUN
dem-4189	52	2	.	.	PUNCT
dem-4189	53	1	(	(	PUNCT
dem-4189	53	2	5	5	X
dem-4189	53	3	)	)	PUNCT
dem-4189	53	4	assuming	assume	VERB
dem-4189	53	5	that	that	SCONJ
dem-4189	53	6	(	(	PUNCT
dem-4189	53	7	5	5	X
dem-4189	53	8	)	)	PUNCT
dem-4189	53	9	does	do	AUX
dem-4189	53	10	not	not	PART
dem-4189	53	11	depend	depend	VERB
dem-4189	53	12	on	on	ADP
dem-4189	53	13	time2	time2	PROPN
dem-4189	53	14	,	,	PUNCT
dem-4189	53	15	the	the	DET
dem-4189	53	16	following	follow	VERB
dem-4189	53	17	variance	variance	NOUN
dem-4189	53	18	decomposition	decomposition	NOUN
dem-4189	53	19	according	accord	VERB
dem-4189	53	20	to	to	ADP
dem-4189	53	21	time	time	NOUN
dem-4189	53	22	scales	scale	NOUN
dem-4189	53	23	is	be	AUX
dem-4189	53	24	obtained	obtain	VERB
dem-4189	53	25	(	(	PUNCT
dem-4189	53	26	see	see	VERB
dem-4189	53	27	percival	percival	NOUN
dem-4189	53	28	,	,	PUNCT
dem-4189	53	29	walden	walden	ADJ
dem-4189	53	30	,	,	PUNCT
dem-4189	53	31	pp	pp	X
dem-4189	53	32	.	.	PUNCT
dem-4189	54	1	296–298	296–298	NUM
dem-4189	54	2	):	):	PUNCT
dem-4189	54	3	∑	∑	PROPN
dem-4189	54	4	∑	∑	PUNCT
dem-4189	54	5	∞	∞	PROPN
dem-4189	54	6	=	=	SYM
dem-4189	54	7	∞	∞	NUM
dem-4189	54	8	=	=	PUNCT
dem-4189	55	1	=	=	SYM
dem-4189	55	2	=	=	SYM
dem-4189	55	3	1	1	NUM
dem-4189	55	4	1	1	NUM
dem-4189	55	5	2	2	NUM
dem-4189	55	6	,	,	PUNCT
dem-4189	55	7	)	)	PUNCT
dem-4189	55	8	(	(	PUNCT
dem-4189	55	9	)	)	PUNCT
dem-4189	55	10	var(1	var(1	PROPN
dem-4189	55	11	2	2	NUM
dem-4189	55	12	1)var	1)var	NUM
dem-4189	55	13	(	(	PUNCT
dem-4189	55	14	j	j	PROPN
dem-4189	55	15	j	j	PROPN
dem-4189	55	16	jtj	jtj	VERB
dem-4189	55	17	j	j	PROPN
dem-4189	55	18	t	t	PROPN
dem-4189	55	19	wy	wy	PROPN
dem-4189	55	20	λσ	λσ	ADV
dem-4189	55	21	λ	λ	PROPN
dem-4189	55	22	.	.	PUNCT
dem-4189	56	1	(	(	PUNCT
dem-4189	56	2	6	6	X
dem-4189	56	3	)	)	PUNCT
dem-4189	56	4	the	the	DET
dem-4189	56	5	wavelet	wavelet	NOUN
dem-4189	56	6	variance	variance	NOUN
dem-4189	56	7	at	at	ADP
dem-4189	56	8	level	level	NOUN
dem-4189	56	9	j	j	PROPN
dem-4189	56	10	corresponding	correspond	VERB
dem-4189	56	11	to	to	PART
dem-4189	56	12	scale	scale	VERB
dem-4189	56	13	12	12	NUM
dem-4189	56	14	−=	−=	NOUN
dem-4189	56	15	j	j	PROPN
dem-4189	56	16	jλ	jλ	ADP
dem-4189	56	17	,	,	PUNCT
dem-4189	56	18	)	)	PUNCT
dem-4189	56	19	(	(	PUNCT
dem-4189	56	20	2	2	NUM
dem-4189	56	21	jλσ	jλσ	NOUN
dem-4189	56	22	,	,	PUNCT
dem-4189	56	23	informs	inform	VERB
dem-4189	56	24	about	about	ADP
dem-4189	56	25	variation	variation	NOUN
dem-4189	56	26	of	of	ADP
dem-4189	56	27	oscillations	oscillation	NOUN
dem-4189	56	28	with	with	ADP
dem-4189	56	29	period	period	NOUN
dem-4189	56	30	lengths	length	NOUN
dem-4189	56	31	approximately	approximately	ADV
dem-4189	56	32	in	in	ADP
dem-4189	56	33	the	the	DET
dem-4189	56	34	1	1	NUM
dem-4189	56	35	other	other	ADJ
dem-4189	56	36	tools	tool	NOUN
dem-4189	56	37	based	base	VERB
dem-4189	56	38	on	on	ADP
dem-4189	56	39	the	the	DET
dem-4189	56	40	dwt	dwt	NOUN
dem-4189	56	41	are	be	AUX
dem-4189	56	42	:	:	PUNCT
dem-4189	56	43	multiresolution	multiresolution	NOUN
dem-4189	56	44	analysis	analysis	NOUN
dem-4189	56	45	taking	take	VERB
dem-4189	56	46	advantage	advantage	NOUN
dem-4189	56	47	of	of	ADP
dem-4189	56	48	both	both	CCONJ
dem-4189	56	49	the	the	DET
dem-4189	56	50	dwt	dwt	NOUN
dem-4189	56	51	and	and	CCONJ
dem-4189	56	52	its	its	PRON
dem-4189	56	53	inversion	inversion	NOUN
dem-4189	56	54	,	,	PUNCT
dem-4189	56	55	wavelet	wavelet	NOUN
dem-4189	56	56	cross	cross	NOUN
dem-4189	56	57	-	-	NOUN
dem-4189	56	58	correlations	correlation	NOUN
dem-4189	56	59	computed	compute	VERB
dem-4189	56	60	via	via	ADP
dem-4189	56	61	the	the	DET
dem-4189	56	62	continuous	continuous	ADJ
dem-4189	56	63	discrete	discrete	ADJ
dem-4189	56	64	(	(	PUNCT
dem-4189	56	65	maximal	maximal	ADJ
dem-4189	56	66	overlap	overlap	NOUN
dem-4189	56	67	)	)	PUNCT
dem-4189	56	68	wavelet	wavelet	NOUN
dem-4189	56	69	transform	transform	NOUN
dem-4189	56	70	operating	operate	VERB
dem-4189	56	71	on	on	ADP
dem-4189	56	72	discrete	discrete	ADJ
dem-4189	56	73	scale	scale	NOUN
dem-4189	56	74	and	and	CCONJ
dem-4189	56	75	continuous	continuous	ADJ
dem-4189	56	76	time	time	NOUN
dem-4189	56	77	as	as	ADV
dem-4189	56	78	well	well	ADV
dem-4189	56	79	as	as	ADP
dem-4189	56	80	methods	method	NOUN
dem-4189	56	81	from	from	ADP
dem-4189	56	82	complex	complex	NOUN
dem-4189	56	83	-	-	PUNCT
dem-4189	56	84	valued	value	VERB
dem-4189	56	85	wavelet	wavelet	NOUN
dem-4189	56	86	analysis	analysis	NOUN
dem-4189	56	87	,	,	PUNCT
dem-4189	56	88	especially	especially	ADV
dem-4189	56	89	the	the	DET
dem-4189	56	90	discrete	discrete	ADJ
dem-4189	56	91	wavelet	wavelet	NOUN
dem-4189	56	92	phase	phase	NOUN
dem-4189	56	93	angle	angle	NOUN
dem-4189	56	94	taking	take	VERB
dem-4189	56	95	advantage	advantage	NOUN
dem-4189	56	96	of	of	ADP
dem-4189	56	97	the	the	DET
dem-4189	56	98	maximal	maximal	ADJ
dem-4189	56	99	overlap	overlap	NOUN
dem-4189	56	100	discrete	discrete	ADJ
dem-4189	56	101	hilbert	hilbert	NOUN
dem-4189	56	102	wavelet	wavelet	NOUN
dem-4189	56	103	transform	transform	NOUN
dem-4189	56	104	(	(	PUNCT
dem-4189	56	105	modhwt	modhwt	NOUN
dem-4189	56	106	)	)	PUNCT
dem-4189	56	107	–	–	PUNCT
dem-4189	56	108	see	see	VERB
dem-4189	56	109	gençay	gençay	ADJ
dem-4189	56	110	et	et	NOUN
dem-4189	56	111	al	al	PROPN
dem-4189	56	112	.	.	PUNCT
dem-4189	57	1	(	(	PUNCT
dem-4189	57	2	2002	2002	NUM
dem-4189	57	3	)	)	PUNCT
dem-4189	57	4	;	;	PUNCT
dem-4189	57	5	whitcher	whitcher	NOUN
dem-4189	57	6	,	,	PUNCT
dem-4189	57	7	craigmile	craigmile	NOUN
dem-4189	57	8	(	(	PUNCT
dem-4189	57	9	2004	2004	NUM
dem-4189	57	10	)	)	PUNCT
dem-4189	57	11	.	.	PUNCT
dem-4189	58	1	the	the	DET
dem-4189	58	2	measures	measure	NOUN
dem-4189	58	3	mentioned	mention	VERB
dem-4189	58	4	above	above	ADV
dem-4189	58	5	can	can	AUX
dem-4189	58	6	also	also	ADV
dem-4189	58	7	be	be	AUX
dem-4189	58	8	applied	apply	VERB
dem-4189	58	9	to	to	ADP
dem-4189	58	10	only	only	ADV
dem-4189	58	11	a	a	DET
dem-4189	58	12	portion	portion	NOUN
dem-4189	58	13	of	of	ADP
dem-4189	58	14	wavelet	wavelet	NOUN
dem-4189	58	15	coefficients	coefficient	NOUN
dem-4189	58	16	,	,	PUNCT
dem-4189	58	17	what	what	PRON
dem-4189	58	18	results	result	VERB
dem-4189	58	19	in	in	ADP
dem-4189	58	20	local	local	ADJ
dem-4189	58	21	(	(	PUNCT
dem-4189	58	22	short	short	ADJ
dem-4189	58	23	-	-	PUNCT
dem-4189	58	24	time	time	NOUN
dem-4189	58	25	)	)	PUNCT
dem-4189	58	26	versions	version	NOUN
dem-4189	58	27	of	of	ADP
dem-4189	58	28	the	the	DET
dem-4189	58	29	tools	tool	NOUN
dem-4189	58	30	–	–	PUNCT
dem-4189	58	31	see	see	VERB
dem-4189	58	32	,	,	PUNCT
dem-4189	58	33	e.g.	e.g.	ADV
dem-4189	58	34	,	,	PUNCT
dem-4189	58	35	sanderson	sanderson	PROPN
dem-4189	58	36	et	et	PROPN
dem-4189	58	37	al	al	PROPN
dem-4189	58	38	.	.	PROPN
dem-4189	59	1	(	(	PUNCT
dem-4189	59	2	2009	2009	NUM
dem-4189	59	3	)	)	PUNCT
dem-4189	59	4	.	.	PUNCT
dem-4189	60	1	2	2	NUM
dem-4189	60	2	such	such	DET
dem-4189	60	3	an	an	DET
dem-4189	60	4	assumption	assumption	NOUN
dem-4189	60	5	is	be	AUX
dem-4189	60	6	fulfilled	fulfil	VERB
dem-4189	60	7	also	also	ADV
dem-4189	60	8	for	for	ADP
dem-4189	60	9	nonstationary	nonstationary	ADJ
dem-4189	60	10	processes	process	NOUN
dem-4189	60	11	provided	provide	VERB
dem-4189	60	12	that	that	SCONJ
dem-4189	60	13	they	they	PRON
dem-4189	60	14	are	be	AUX
dem-4189	60	15	integrated	integrate	VERB
dem-4189	60	16	of	of	ADP
dem-4189	60	17	order	order	NOUN
dem-4189	60	18	d	d	NOUN
dem-4189	60	19	and	and	CCONJ
dem-4189	60	20	the	the	DET
dem-4189	60	21	width	width	NOUN
dem-4189	60	22	of	of	ADP
dem-4189	60	23	the	the	DET
dem-4189	60	24	daubechies	daubechie	NOUN
dem-4189	60	25	wavelet	wavelet	NOUN
dem-4189	60	26	filter	filter	PROPN
dem-4189	60	27	,	,	PUNCT
dem-4189	60	28	l	l	PROPN
dem-4189	60	29	,	,	PUNCT
dem-4189	60	30	is	be	AUX
dem-4189	60	31	sufficient	sufficient	ADJ
dem-4189	60	32	to	to	PART
dem-4189	60	33	eliminate	eliminate	VERB
dem-4189	60	34	nonstationarity	nonstationarity	NOUN
dem-4189	60	35	(	(	PUNCT
dem-4189	60	36	i.e.	i.e.	X
dem-4189	60	37	l	l	X
dem-4189	60	38	≥	≥	NOUN
dem-4189	60	39	2d	2d	NUM
dem-4189	60	40	)	)	PUNCT
dem-4189	60	41	–	–	PUNCT
dem-4189	60	42	see	see	VERB
dem-4189	60	43	percival	percival	NOUN
dem-4189	60	44	,	,	PUNCT
dem-4189	60	45	walden	walden	PROPN
dem-4189	60	46	(	(	PUNCT
dem-4189	60	47	2000	2000	NUM
dem-4189	60	48	)	)	PUNCT
dem-4189	60	49	,	,	PUNCT
dem-4189	60	50	p.	p.	NOUN
dem-4189	60	51	304	304	NUM
dem-4189	60	52	.	.	PUNCT
dem-4189	61	1	in	in	ADP
dem-4189	61	2	what	what	PRON
dem-4189	61	3	follows	follow	VERB
dem-4189	61	4	we	we	PRON
dem-4189	61	5	concentrate	concentrate	VERB
dem-4189	61	6	exclusively	exclusively	ADV
dem-4189	61	7	on	on	ADP
dem-4189	61	8	daubechies	daubechie	NOUN
dem-4189	61	9	filters	filter	VERB
dem-4189	61	10	,	,	PUNCT
dem-4189	61	11	although	although	SCONJ
dem-4189	61	12	they	they	PRON
dem-4189	61	13	are	be	AUX
dem-4189	61	14	not	not	PART
dem-4189	61	15	the	the	DET
dem-4189	61	16	only	only	ADJ
dem-4189	61	17	ones	one	NOUN
dem-4189	61	18	that	that	PRON
dem-4189	61	19	are	be	AUX
dem-4189	61	20	interpretable	interpretable	ADJ
dem-4189	61	21	in	in	ADP
dem-4189	61	22	terms	term	NOUN
dem-4189	61	23	of	of	ADP
dem-4189	61	24	generalized	generalized	ADJ
dem-4189	61	25	differences	difference	NOUN
dem-4189	61	26	of	of	ADP
dem-4189	61	27	weighted	weight	VERB
dem-4189	61	28	averages	average	NOUN
dem-4189	61	29	.	.	PUNCT
dem-4189	62	1	european	european	ADJ
dem-4189	62	2	equity	equity	NOUN
dem-4189	62	3	market	market	NOUN
dem-4189	62	4	integration	integration	NOUN
dem-4189	62	5	and	and	CCONJ
dem-4189	62	6	optimal	optimal	ADJ
dem-4189	62	7	investment	investment	NOUN
dem-4189	62	8	horizons	horizon	NOUN
dem-4189	62	9	…	…	SYM
dem-4189	62	10	19	19	NUM
dem-4189	62	11	interval	interval	NOUN
dem-4189	62	12	j2	j2	NOUN
dem-4189	62	13	–	–	PUNCT
dem-4189	62	14	12	12	NUM
dem-4189	63	1	+	+	SYM
dem-4189	63	2	j	j	PROPN
dem-4189	63	3	.	.	PUNCT
dem-4189	64	1	similarly	similarly	ADV
dem-4189	64	2	,	,	PUNCT
dem-4189	64	3	the	the	DET
dem-4189	64	4	wavelet	wavelet	NOUN
dem-4189	64	5	covariance	covariance	PROPN
dem-4189	64	6	and	and	CCONJ
dem-4189	64	7	wavelet	wavelet	NOUN
dem-4189	64	8	correlation	correlation	NOUN
dem-4189	64	9	are	be	AUX
dem-4189	64	10	introduced	introduce	VERB
dem-4189	64	11	.	.	PUNCT
dem-4189	65	1	for	for	ADP
dem-4189	65	2	stochastic	stochastic	ADJ
dem-4189	65	3	processes	process	NOUN
dem-4189	65	4	ty1	ty1	ADV
dem-4189	65	5	and	and	CCONJ
dem-4189	65	6	ty2	ty2	VERB
dem-4189	65	7	the	the	DET
dem-4189	65	8	wavelet	wavelet	NOUN
dem-4189	65	9	covariance	covariance	NOUN
dem-4189	65	10	for	for	ADP
dem-4189	65	11	scale	scale	NOUN
dem-4189	65	12	jλ	jλ	NOUN
dem-4189	65	13	is	be	AUX
dem-4189	65	14	defined	define	VERB
dem-4189	65	15	as	as	ADP
dem-4189	65	16	:	:	PUNCT
dem-4189	65	17	)	)	PUNCT
dem-4189	65	18	,	,	PUNCT
dem-4189	65	19	cov	cov	NOUN
dem-4189	65	20	(	(	PUNCT
dem-4189	65	21	2	2	NUM
dem-4189	65	22	1	1	NUM
dem-4189	65	23	)	)	PUNCT
dem-4189	65	24	(	(	PUNCT
dem-4189	65	25	,	,	PUNCT
dem-4189	65	26	,	,	PUNCT
dem-4189	65	27	2,,1	2,,1	NUM
dem-4189	65	28	tjtj	tjtj	NOUN
dem-4189	65	29	j	j	PROPN
dem-4189	65	30	j	j	PROPN
dem-4189	65	31	ww	ww	PROPN
dem-4189	65	32	λ	λ	PROPN
dem-4189	65	33	λγ	λγ	PROPN
dem-4189	66	1	=	=	X
dem-4189	66	2	.	.	PUNCT
dem-4189	67	1	(	(	PUNCT
dem-4189	67	2	7	7	NUM
dem-4189	67	3	)	)	PUNCT
dem-4189	67	4	as	as	ADP
dem-4189	67	5	in	in	ADP
dem-4189	67	6	the	the	DET
dem-4189	67	7	case	case	NOUN
dem-4189	67	8	of	of	ADP
dem-4189	67	9	variance	variance	NOUN
dem-4189	67	10	decomposition	decomposition	NOUN
dem-4189	67	11	(	(	PUNCT
dem-4189	67	12	6	6	NUM
dem-4189	67	13	)	)	PUNCT
dem-4189	67	14	,	,	PUNCT
dem-4189	67	15	wavelet	wavelet	NOUN
dem-4189	67	16	covariances	covariance	NOUN
dem-4189	67	17	are	be	AUX
dem-4189	67	18	obtained	obtain	VERB
dem-4189	67	19	by	by	ADP
dem-4189	67	20	decomposing	decompose	VERB
dem-4189	67	21	the	the	DET
dem-4189	67	22	covariance	covariance	NOUN
dem-4189	67	23	between	between	ADP
dem-4189	67	24	ty1	ty1	NOUN
dem-4189	67	25	and	and	CCONJ
dem-4189	67	26	ty2	ty2	VERB
dem-4189	67	27	according	accord	VERB
dem-4189	67	28	to	to	ADP
dem-4189	67	29	different	different	ADJ
dem-4189	67	30	scales	scale	NOUN
dem-4189	67	31	jλ	jλ	ADJ
dem-4189	67	32	.	.	PUNCT
dem-4189	68	1	next	next	ADV
dem-4189	68	2	,	,	PUNCT
dem-4189	68	3	let	let	VERB
dem-4189	68	4	us	we	PRON
dem-4189	68	5	define	define	VERB
dem-4189	68	6	the	the	DET
dem-4189	68	7	wavelet	wavelet	NOUN
dem-4189	68	8	correlation	correlation	NOUN
dem-4189	68	9	coefficient	coefficient	NOUN
dem-4189	68	10	for	for	ADP
dem-4189	68	11	scale	scale	NOUN
dem-4189	68	12	jλ	jλ	ADP
dem-4189	68	13	via	via	ADP
dem-4189	68	14	:	:	PUNCT
dem-4189	68	15	)	)	PUNCT
dem-4189	68	16	(	(	PUNCT
dem-4189	68	17	)	)	PUNCT
dem-4189	68	18	(	(	PUNCT
dem-4189	68	19	)	)	PUNCT
dem-4189	68	20	(	(	PUNCT
dem-4189	68	21	)	)	PUNCT
dem-4189	68	22	(	(	PUNCT
dem-4189	68	23	21	21	NUM
dem-4189	68	24	jj	jj	PROPN
dem-4189	68	25	j	j	PROPN
dem-4189	69	1	j	j	PROPN
dem-4189	69	2	λσλσ	λσλσ	VERB
dem-4189	69	3	λγ	λγ	X
dem-4189	69	4	λρ	λρ	ADV
dem-4189	69	5	=	=	PUNCT
dem-4189	69	6	.	.	PUNCT
dem-4189	70	1	(	(	PUNCT
dem-4189	70	2	8)	8)	NUM
dem-4189	70	3	the	the	DET
dem-4189	70	4	quantity	quantity	NOUN
dem-4189	70	5	(	(	PUNCT
dem-4189	70	6	8)	8)	NUM
dem-4189	70	7	is	be	AUX
dem-4189	70	8	normalized	normalize	VERB
dem-4189	70	9	in	in	ADP
dem-4189	70	10	the	the	DET
dem-4189	70	11	interval	interval	NOUN
dem-4189	70	12	[	[	X
dem-4189	70	13	-1	-1	X
dem-4189	70	14	,	,	PUNCT
dem-4189	70	15	1	1	NUM
dem-4189	70	16	]	]	PUNCT
dem-4189	70	17	and	and	CCONJ
dem-4189	70	18	indicates	indicate	VERB
dem-4189	70	19	the	the	DET
dem-4189	70	20	strength	strength	NOUN
dem-4189	70	21	and	and	CCONJ
dem-4189	70	22	direction	direction	NOUN
dem-4189	70	23	of	of	ADP
dem-4189	70	24	a	a	DET
dem-4189	70	25	relationship	relationship	NOUN
dem-4189	70	26	between	between	ADP
dem-4189	70	27	two	two	NUM
dem-4189	70	28	processes	process	NOUN
dem-4189	70	29	for	for	ADP
dem-4189	70	30	a	a	DET
dem-4189	70	31	given	give	VERB
dem-4189	70	32	resolution	resolution	NOUN
dem-4189	70	33	level	level	NOUN
dem-4189	70	34	(	(	PUNCT
dem-4189	70	35	i.e.	i.e.	X
dem-4189	70	36	for	for	ADP
dem-4189	70	37	a	a	DET
dem-4189	70	38	given	give	VERB
dem-4189	70	39	time	time	NOUN
dem-4189	70	40	scale	scale	NOUN
dem-4189	70	41	jλ	jλ	ADJ
dem-4189	70	42	)	)	PUNCT
dem-4189	70	43	.	.	PUNCT
dem-4189	71	1	in	in	ADP
dem-4189	71	2	practice	practice	NOUN
dem-4189	71	3	,	,	PUNCT
dem-4189	71	4	when	when	SCONJ
dem-4189	71	5	estimating	estimate	VERB
dem-4189	71	6	the	the	DET
dem-4189	71	7	wavelet	wavelet	NOUN
dem-4189	71	8	variance	variance	NOUN
dem-4189	71	9	,	,	PUNCT
dem-4189	71	10	covariance	covariance	NOUN
dem-4189	71	11	and	and	CCONJ
dem-4189	71	12	correlation	correlation	NOUN
dem-4189	71	13	,	,	PUNCT
dem-4189	71	14	instead	instead	ADV
dem-4189	71	15	of	of	ADP
dem-4189	71	16	the	the	DET
dem-4189	71	17	dwt	dwt	NOUN
dem-4189	71	18	their	their	PRON
dem-4189	71	19	modification	modification	NOUN
dem-4189	71	20	in	in	ADP
dem-4189	71	21	the	the	DET
dem-4189	71	22	form	form	NOUN
dem-4189	71	23	of	of	ADP
dem-4189	71	24	the	the	DET
dem-4189	71	25	so	so	ADV
dem-4189	71	26	-	-	PUNCT
dem-4189	71	27	called	call	VERB
dem-4189	71	28	maximal	maximal	ADJ
dem-4189	71	29	overlap	overlap	NOUN
dem-4189	71	30	(	(	PUNCT
dem-4189	71	31	continuous	continuous	ADJ
dem-4189	71	32	discrete	discrete	NOUN
dem-4189	71	33	)	)	PUNCT
dem-4189	71	34	dwt	dwt	NOUN
dem-4189	71	35	is	be	AUX
dem-4189	71	36	used	use	VERB
dem-4189	71	37	.	.	PUNCT
dem-4189	72	1	the	the	DET
dem-4189	72	2	modwt	modwt	NOUN
dem-4189	72	3	can	can	AUX
dem-4189	72	4	be	be	AUX
dem-4189	72	5	thought	think	VERB
dem-4189	72	6	of	of	ADP
dem-4189	72	7	as	as	ADP
dem-4189	72	8	a	a	DET
dem-4189	72	9	subsampling	subsampling	NOUN
dem-4189	72	10	of	of	ADP
dem-4189	72	11	the	the	DET
dem-4189	72	12	cwt	cwt	NOUN
dem-4189	72	13	at	at	ADP
dem-4189	72	14	dyadic	dyadic	ADJ
dem-4189	72	15	scales	scale	NOUN
dem-4189	72	16	,	,	PUNCT
dem-4189	72	17	but	but	CCONJ
dem-4189	72	18	leaving	leave	VERB
dem-4189	72	19	all	all	DET
dem-4189	72	20	times	time	NOUN
dem-4189	72	21	t	t	PROPN
dem-4189	72	22	instead	instead	ADV
dem-4189	72	23	of	of	ADP
dem-4189	72	24	only	only	ADV
dem-4189	72	25	those	those	PRON
dem-4189	72	26	that	that	PRON
dem-4189	72	27	are	be	AUX
dem-4189	72	28	multiples	multiple	NOUN
dem-4189	72	29	of	of	ADP
dem-4189	72	30	powers	power	NOUN
dem-4189	72	31	of	of	ADP
dem-4189	72	32	2	2	NUM
dem-4189	72	33	.	.	PUNCT
dem-4189	73	1	for	for	ADP
dem-4189	73	2	this	this	DET
dem-4189	73	3	reason	reason	NOUN
dem-4189	73	4	it	it	PRON
dem-4189	73	5	is	be	AUX
dem-4189	73	6	called	call	VERB
dem-4189	73	7	also	also	ADV
dem-4189	73	8	the	the	DET
dem-4189	73	9	non	non	ADJ
dem-4189	73	10	-	-	ADJ
dem-4189	73	11	decimated	decimated	ADJ
dem-4189	73	12	wavelet	wavelet	NOUN
dem-4189	73	13	transform	transform	NOUN
dem-4189	73	14	.	.	PUNCT
dem-4189	74	1	this	this	PRON
dem-4189	74	2	enables	enable	VERB
dem-4189	74	3	to	to	PART
dem-4189	74	4	eliminate	eliminate	VERB
dem-4189	74	5	certain	certain	ADJ
dem-4189	74	6	artifacts	artifact	NOUN
dem-4189	74	7	produced	produce	VERB
dem-4189	74	8	by	by	ADP
dem-4189	74	9	the	the	DET
dem-4189	74	10	dwt	dwt	NOUN
dem-4189	74	11	resulting	result	VERB
dem-4189	74	12	from	from	ADP
dem-4189	74	13	the	the	DET
dem-4189	74	14	lack	lack	NOUN
dem-4189	74	15	of	of	ADP
dem-4189	74	16	time	time	NOUN
dem-4189	74	17	-	-	PUNCT
dem-4189	74	18	invariance	invariance	NOUN
dem-4189	74	19	,	,	PUNCT
dem-4189	74	20	does	do	AUX
dem-4189	74	21	not	not	PART
dem-4189	74	22	require	require	VERB
dem-4189	74	23	data	data	NOUN
dem-4189	74	24	sets	set	NOUN
dem-4189	74	25	of	of	ADP
dem-4189	74	26	length	length	NOUN
dem-4189	74	27	j2	j2	PROPN
dem-4189	74	28	and	and	CCONJ
dem-4189	74	29	–	–	PUNCT
dem-4189	74	30	what	what	PRON
dem-4189	74	31	is	be	AUX
dem-4189	74	32	important	important	ADJ
dem-4189	74	33	from	from	ADP
dem-4189	74	34	the	the	DET
dem-4189	74	35	point	point	NOUN
dem-4189	74	36	of	of	ADP
dem-4189	74	37	view	view	NOUN
dem-4189	74	38	of	of	ADP
dem-4189	74	39	this	this	DET
dem-4189	74	40	study	study	NOUN
dem-4189	74	41	–	–	PUNCT
dem-4189	74	42	provides	provide	VERB
dem-4189	74	43	more	more	ADV
dem-4189	74	44	statistically	statistically	ADV
dem-4189	74	45	efficient	efficient	ADJ
dem-4189	74	46	estimators	estimator	NOUN
dem-4189	74	47	of	of	ADP
dem-4189	74	48	the	the	DET
dem-4189	74	49	wavelet	wavelet	NOUN
dem-4189	74	50	variance	variance	NOUN
dem-4189	74	51	(	(	PUNCT
dem-4189	74	52	gençay	gençay	NOUN
dem-4189	74	53	et	et	NOUN
dem-4189	74	54	al	al	PROPN
dem-4189	74	55	.	.	PROPN
dem-4189	74	56	,	,	PUNCT
dem-4189	74	57	2002	2002	NUM
dem-4189	74	58	,	,	PUNCT
dem-4189	74	59	p.	p.	NOUN
dem-4189	74	60	135	135	NUM
dem-4189	74	61	)	)	PUNCT
dem-4189	74	62	.	.	PUNCT
dem-4189	75	1	an	an	DET
dem-4189	75	2	unbiased	unbiased	ADJ
dem-4189	75	3	estimator	estimator	NOUN
dem-4189	75	4	of	of	ADP
dem-4189	75	5	the	the	DET
dem-4189	75	6	wavelet	wavelet	NOUN
dem-4189	75	7	variance	variance	NOUN
dem-4189	75	8	is	be	AUX
dem-4189	75	9	then	then	ADV
dem-4189	75	10	defined	define	VERB
dem-4189	75	11	as	as	ADP
dem-4189	75	12	:	:	PUNCT
dem-4189	75	13	∑	∑	ADP
dem-4189	75	14	−	−	PROPN
dem-4189	75	15	−=	−=	NOUN
dem-4189	75	16	=	=	SYM
dem-4189	75	17	1	1	NUM
dem-4189	75	18	1	1	NUM
dem-4189	75	19	2	2	NUM
dem-4189	75	20	,	,	PUNCT
dem-4189	75	21	2	2	NUM
dem-4189	75	22	~	~	PUNCT
dem-4189	75	23	~	~	PUNCT
dem-4189	76	1	1)(~	1)(~	X
dem-4189	76	2	n	n	PROPN
dem-4189	76	3	lt	lt	PROPN
dem-4189	76	4	tj	tj	PROPN
dem-4189	76	5	j	j	PROPN
dem-4189	76	6	j	j	PROPN
dem-4189	76	7	j	j	PROPN
dem-4189	76	8	w	w	PROPN
dem-4189	76	9	n	n	PROPN
dem-4189	76	10	λσ	λσ	INTJ
dem-4189	76	11	,	,	PUNCT
dem-4189	76	12	(	(	PUNCT
dem-4189	76	13	9	9	X
dem-4189	76	14	)	)	PUNCT
dem-4189	76	15	where	where	SCONJ
dem-4189	76	16	tjw	tjw	NOUN
dem-4189	76	17	,	,	PUNCT
dem-4189	76	18	~	~	PUNCT
dem-4189	76	19	are	be	AUX
dem-4189	76	20	the	the	DET
dem-4189	76	21	modwt	modwt	NOUN
dem-4189	76	22	coefficients	coefficient	NOUN
dem-4189	76	23	,	,	PUNCT
dem-4189	76	24	1)1)(12	1)1)(12	NUM
dem-4189	76	25	(	(	PUNCT
dem-4189	76	26	+	+	ADV
dem-4189	76	27	−−=	−−=	INTJ
dem-4189	76	28	ll	ll	AUX
dem-4189	76	29	j	j	PROPN
dem-4189	76	30	j	j	PROPN
dem-4189	76	31	is	be	AUX
dem-4189	76	32	the	the	DET
dem-4189	76	33	width	width	NOUN
dem-4189	76	34	of	of	ADP
dem-4189	76	35	the	the	DET
dem-4189	76	36	wavelet	wavelet	NOUN
dem-4189	76	37	filter	filter	NOUN
dem-4189	76	38	for	for	ADP
dem-4189	76	39	scale	scale	NOUN
dem-4189	76	40	jλ	jλ	ADP
dem-4189	76	41	(	(	PUNCT
dem-4189	76	42	l	l	NOUN
dem-4189	76	43	is	be	AUX
dem-4189	76	44	the	the	DET
dem-4189	76	45	width	width	NOUN
dem-4189	76	46	of	of	ADP
dem-4189	76	47	the	the	DET
dem-4189	76	48	basic	basic	ADJ
dem-4189	76	49	wavelet	wavelet	NOUN
dem-4189	76	50	filter	filter	NOUN
dem-4189	76	51	at	at	ADP
dem-4189	76	52	the	the	DET
dem-4189	76	53	first	first	ADJ
dem-4189	76	54	stage	stage	NOUN
dem-4189	76	55	of	of	ADP
dem-4189	76	56	the	the	DET
dem-4189	76	57	pyramid	pyramid	NOUN
dem-4189	76	58	algorithm	algorithm	NOUN
dem-4189	76	59	that	that	PRON
dem-4189	76	60	computes	compute	VERB
dem-4189	76	61	the	the	DET
dem-4189	76	62	dwt	dwt	NOUN
dem-4189	76	63	)	)	PUNCT
dem-4189	76	64	and	and	CCONJ
dem-4189	76	65	1~	1~	NUM
dem-4189	76	66	+	+	NOUN
dem-4189	76	67	−=	−=	VERB
dem-4189	76	68	jj	jj	PROPN
dem-4189	76	69	lnn	lnn	PROPN
dem-4189	76	70	is	be	AUX
dem-4189	76	71	the	the	DET
dem-4189	76	72	number	number	NOUN
dem-4189	76	73	of	of	ADP
dem-4189	76	74	wavelet	wavelet	NOUN
dem-4189	76	75	coefficients	coefficient	NOUN
dem-4189	76	76	not	not	PART
dem-4189	76	77	affected	affect	VERB
dem-4189	76	78	by	by	ADP
dem-4189	76	79	the	the	DET
dem-4189	76	80	boundary	boundary	NOUN
dem-4189	76	81	.	.	PUNCT
dem-4189	77	1	by	by	ADP
dem-4189	77	2	using	use	VERB
dem-4189	77	3	(	(	PUNCT
dem-4189	77	4	9	9	NUM
dem-4189	77	5	)	)	PUNCT
dem-4189	77	6	we	we	PRON
dem-4189	77	7	assume	assume	VERB
dem-4189	77	8	that	that	SCONJ
dem-4189	77	9	the	the	DET
dem-4189	77	10	wavelet	wavelet	NOUN
dem-4189	77	11	filter	filter	NOUN
dem-4189	77	12	applied	apply	VERB
dem-4189	77	13	eliminates	eliminate	VERB
dem-4189	77	14	all	all	DET
dem-4189	77	15	deterministic	deterministic	ADJ
dem-4189	77	16	components	component	NOUN
dem-4189	77	17	of	of	ADP
dem-4189	77	18	the	the	DET
dem-4189	77	19	process	process	NOUN
dem-4189	77	20	under	under	ADP
dem-4189	77	21	scrutiny	scrutiny	NOUN
dem-4189	77	22	.	.	PUNCT
dem-4189	78	1	if	if	SCONJ
dem-4189	78	2	the	the	DET
dem-4189	78	3	process	process	NOUN
dem-4189	78	4	has	have	AUX
dem-4189	78	5	constant	constant	ADJ
dem-4189	78	6	,	,	PUNCT
dem-4189	78	7	nonzero	nonzero	ADJ
dem-4189	78	8	mean	mean	ADJ
dem-4189	78	9	value	value	NOUN
dem-4189	78	10	,	,	PUNCT
dem-4189	78	11	the	the	DET
dem-4189	78	12	formula	formula	NOUN
dem-4189	78	13	(	(	PUNCT
dem-4189	78	14	9	9	NUM
dem-4189	78	15	)	)	PUNCT
dem-4189	78	16	is	be	AUX
dem-4189	78	17	modified	modify	VERB
dem-4189	78	18	appropriately	appropriately	ADV
dem-4189	78	19	.	.	PUNCT
dem-4189	79	1	an	an	DET
dem-4189	79	2	approximate	approximate	ADJ
dem-4189	79	3	(	(	PUNCT
dem-4189	79	4	1	1	NUM
dem-4189	79	5	–	–	PUNCT
dem-4189	79	6	α)%	α)%	NOUN
dem-4189	79	7	confidence	confidence	NOUN
dem-4189	79	8	interval	interval	NOUN
dem-4189	79	9	for	for	ADP
dem-4189	79	10	)	)	PUNCT
dem-4189	79	11	(	(	PUNCT
dem-4189	79	12	2	2	NUM
dem-4189	79	13	jλσ	jλσ	NOUN
dem-4189	79	14	is	be	AUX
dem-4189	79	15	computed	compute	VERB
dem-4189	79	16	as	as	SCONJ
dem-4189	79	17	follows	follow	VERB
dem-4189	79	18	:	:	PUNCT
dem-4189	79	19	joanna	joanna	PROPN
dem-4189	79	20	bruzda	bruzda	VERB
dem-4189	79	21	20	20	NUM
dem-4189	79	22	5,0	5,0	NUM
dem-4189	79	23	,	,	PUNCT
dem-4189	79	24	~	~	PUNCT
dem-4189	79	25	2	2	NUM
dem-4189	79	26	~	~	PUNCT
dem-4189	79	27	)	)	PUNCT
dem-4189	79	28	0(ˆ	0(ˆ	NUM
dem-4189	79	29	)	)	PUNCT
dem-4189	80	1	(	(	PUNCT
dem-4189	80	2	~	~	PUNCT
dem-4189	80	3	2	2	NUM
dem-4189	80	4	⎟⎟	⎟⎟	NOUN
dem-4189	80	5	⎟	⎟	X
dem-4189	80	6	⎠	⎠	NOUN
dem-4189	80	7	⎞	⎞	PROPN
dem-4189	80	8	⎜⎜	⎜⎜	PROPN
dem-4189	80	9	⎜	⎜	PROPN
dem-4189	80	10	⎝	⎝	PUNCT
dem-4189	80	11	⎛	⎛	X
dem-4189	80	12	±	±	NUM
dem-4189	80	13	j	j	PROPN
dem-4189	80	14	jw	jw	PROPN
dem-4189	80	15	j	j	PROPN
dem-4189	80	16	n	n	PROPN
dem-4189	80	17	f	f	PROPN
dem-4189	80	18	αςλσ	αςλσ	NOUN
dem-4189	80	19	,	,	PUNCT
dem-4189	80	20	(	(	PUNCT
dem-4189	80	21	10	10	NUM
dem-4189	80	22	)	)	PUNCT
dem-4189	80	23	where	where	SCONJ
dem-4189	80	24	2	2	NUM
dem-4189	80	25	ας	ας	NOUN
dem-4189	80	26	is	be	AUX
dem-4189	80	27	the	the	DET
dem-4189	80	28	(	(	PUNCT
dem-4189	80	29	1	1	NUM
dem-4189	80	30	–	–	PUNCT
dem-4189	80	31	α/2	α/2	NUM
dem-4189	80	32	)	)	PUNCT
dem-4189	80	33	quantile	quantile	NOUN
dem-4189	80	34	of	of	ADP
dem-4189	80	35	the	the	DET
dem-4189	80	36	standard	standard	ADJ
dem-4189	80	37	normal	normal	ADJ
dem-4189	80	38	distribution	distribution	NOUN
dem-4189	80	39	and	and	CCONJ
dem-4189	80	40	)	)	PUNCT
dem-4189	80	41	0(ˆ	0(ˆ	NUM
dem-4189	80	42	,	,	PUNCT
dem-4189	80	43	~	~	PUNCT
dem-4189	80	44	jw	jw	PROPN
dem-4189	80	45	f	f	PROPN
dem-4189	80	46	is	be	AUX
dem-4189	80	47	an	an	DET
dem-4189	80	48	estimator	estimator	NOUN
dem-4189	80	49	of	of	ADP
dem-4189	80	50	the	the	DET
dem-4189	80	51	spectral	spectral	ADJ
dem-4189	80	52	density	density	NOUN
dem-4189	80	53	of	of	ADP
dem-4189	80	54	scale	scale	NOUN
dem-4189	80	55	jλ	jλ	ADP
dem-4189	80	56	squared	square	VERB
dem-4189	80	57	wavelet	wavelet	NOUN
dem-4189	80	58	coefficients	coefficient	NOUN
dem-4189	80	59	at	at	ADP
dem-4189	80	60	frequency	frequency	NOUN
dem-4189	80	61	0	0	NUM
dem-4189	80	62	.	.	PUNCT
dem-4189	81	1	estimates	estimate	NOUN
dem-4189	81	2	of	of	ADP
dem-4189	81	3	wavelet	wavelet	NOUN
dem-4189	81	4	covariances	covariance	NOUN
dem-4189	81	5	and	and	CCONJ
dem-4189	81	6	wavelet	wavelet	NOUN
dem-4189	81	7	correlations	correlation	NOUN
dem-4189	81	8	are	be	AUX
dem-4189	81	9	computed	compute	VERB
dem-4189	81	10	via	via	ADP
dem-4189	81	11	the	the	DET
dem-4189	81	12	following	follow	VERB
dem-4189	81	13	formulas	formula	NOUN
dem-4189	81	14	:	:	PUNCT
dem-4189	81	15	tj	tj	PROPN
dem-4189	81	16	n	n	PROPN
dem-4189	81	17	lt	lt	PROPN
dem-4189	81	18	tj	tj	PROPN
dem-4189	81	19	j	j	PROPN
dem-4189	82	1	j	j	PROPN
dem-4189	82	2	ww	ww	PROPN
dem-4189	82	3	n	n	PROPN
dem-4189	82	4	j	j	PROPN
dem-4189	82	5	,	,	PUNCT
dem-4189	82	6	,	,	PUNCT
dem-4189	82	7	2	2	NUM
dem-4189	82	8	1	1	NUM
dem-4189	82	9	1	1	NUM
dem-4189	82	10	,	,	PUNCT
dem-4189	82	11	,	,	PUNCT
dem-4189	82	12	1	1	NUM
dem-4189	82	13	~~	~~	NUM
dem-4189	82	14	~	~	PUNCT
dem-4189	82	15	1)(~	1)(~	X
dem-4189	82	16	∑	∑	ADP
dem-4189	82	17	−	−	PROPN
dem-4189	82	18	−=	−=	NOUN
dem-4189	82	19	=	=	NOUN
dem-4189	82	20	λγ	λγ	NOUN
dem-4189	82	21	,	,	PUNCT
dem-4189	82	22	(	(	PUNCT
dem-4189	82	23	11	11	NUM
dem-4189	82	24	)	)	PUNCT
dem-4189	82	25	)	)	PUNCT
dem-4189	83	1	(	(	PUNCT
dem-4189	83	2	~)(~	~)(~	NOUN
dem-4189	83	3	)	)	PUNCT
dem-4189	83	4	(	(	PUNCT
dem-4189	83	5	~	~	PUNCT
dem-4189	83	6	)	)	PUNCT
dem-4189	83	7	(	(	PUNCT
dem-4189	83	8	~	~	PUNCT
dem-4189	83	9	21	21	NUM
dem-4189	83	10	jj	jj	PROPN
dem-4189	83	11	j	j	PROPN
dem-4189	83	12	j	j	PROPN
dem-4189	83	13	λσλσ	λσλσ	VERB
dem-4189	83	14	λγ	λγ	X
dem-4189	83	15	λρ	λρ	ADV
dem-4189	83	16	=	=	PUNCT
dem-4189	83	17	.	.	PUNCT
dem-4189	84	1	(	(	PUNCT
dem-4189	84	2	12	12	NUM
dem-4189	84	3	)	)	PUNCT
dem-4189	84	4	an	an	DET
dem-4189	84	5	approximate	approximate	ADJ
dem-4189	84	6	(	(	PUNCT
dem-4189	84	7	1	1	NUM
dem-4189	84	8	–	–	SYM
dem-4189	84	9	α)%	α)%	NOUN
dem-4189	84	10	ci	ci	NOUN
dem-4189	84	11	for	for	ADP
dem-4189	84	12	)	)	PUNCT
dem-4189	84	13	(	(	PUNCT
dem-4189	84	14	jλγ	jλγ	NOUN
dem-4189	84	15	is	be	AUX
dem-4189	84	16	obtained	obtain	VERB
dem-4189	84	17	as	as	ADV
dem-4189	84	18	previously	previously	ADV
dem-4189	84	19	with	with	ADP
dem-4189	84	20	)	)	PUNCT
dem-4189	84	21	0(ˆ	0(ˆ	NUM
dem-4189	84	22	,	,	PUNCT
dem-4189	84	23	~	~	PUNCT
dem-4189	84	24	jwf	jwf	ADJ
dem-4189	84	25	being	be	AUX
dem-4189	84	26	an	an	DET
dem-4189	84	27	estimate	estimate	NOUN
dem-4189	84	28	of	of	ADP
dem-4189	84	29	the	the	DET
dem-4189	84	30	cross	cross	NOUN
dem-4189	84	31	-	-	NOUN
dem-4189	84	32	spectrum	spectrum	NOUN
dem-4189	84	33	at	at	ADP
dem-4189	84	34	frequency	frequency	NOUN
dem-4189	84	35	0	0	NUM
dem-4189	84	36	.	.	PUNCT
dem-4189	85	1	in	in	ADP
dem-4189	85	2	the	the	DET
dem-4189	85	3	case	case	NOUN
dem-4189	85	4	of	of	ADP
dem-4189	85	5	wavelet	wavelet	NOUN
dem-4189	85	6	correlations	correlation	NOUN
dem-4189	85	7	gençay	gençay	VERB
dem-4189	85	8	et	et	NOUN
dem-4189	85	9	al	al	PROPN
dem-4189	85	10	.	.	PUNCT
dem-4189	86	1	(	(	PUNCT
dem-4189	86	2	2002	2002	NUM
dem-4189	86	3	)	)	PUNCT
dem-4189	86	4	,	,	PUNCT
dem-4189	86	5	p.	p.	NOUN
dem-4189	86	6	259–260	259–260	NUM
dem-4189	86	7	,	,	PUNCT
dem-4189	86	8	suggest	suggest	VERB
dem-4189	86	9	an	an	DET
dem-4189	86	10	approach	approach	NOUN
dem-4189	86	11	taking	take	VERB
dem-4189	86	12	advantage	advantage	NOUN
dem-4189	86	13	of	of	ADP
dem-4189	86	14	the	the	DET
dem-4189	86	15	fact	fact	NOUN
dem-4189	86	16	that	that	SCONJ
dem-4189	86	17	the	the	DET
dem-4189	86	18	dwt	dwt	NOUN
dem-4189	86	19	approximately	approximately	ADV
dem-4189	86	20	decorrelates	decorrelate	VERB
dem-4189	86	21	even	even	ADV
dem-4189	86	22	long	long	ADJ
dem-4189	86	23	memory	memory	NOUN
dem-4189	86	24	processes	process	NOUN
dem-4189	86	25	.	.	PUNCT
dem-4189	87	1	in	in	ADP
dem-4189	87	2	such	such	DET
dem-4189	87	3	a	a	DET
dem-4189	87	4	case	case	NOUN
dem-4189	87	5	,	,	PUNCT
dem-4189	87	6	in	in	ADP
dem-4189	87	7	order	order	NOUN
dem-4189	87	8	to	to	PART
dem-4189	87	9	obtain	obtain	VERB
dem-4189	87	10	confidence	confidence	NOUN
dem-4189	87	11	limits	limit	NOUN
dem-4189	87	12	that	that	PRON
dem-4189	87	13	are	be	AUX
dem-4189	87	14	placed	place	VERB
dem-4189	87	15	in	in	ADP
dem-4189	87	16	the	the	DET
dem-4189	87	17	interval	interval	NOUN
dem-4189	87	18	±1	±1	VERB
dem-4189	87	19	the	the	DET
dem-4189	87	20	fisher	fisher	PROPN
dem-4189	87	21	z	z	PROPN
dem-4189	87	22	-	-	PUNCT
dem-4189	87	23	transformation	transformation	NOUN
dem-4189	87	24	can	can	AUX
dem-4189	87	25	be	be	AUX
dem-4189	87	26	applied	apply	VERB
dem-4189	87	27	,	,	PUNCT
dem-4189	87	28	which	which	PRON
dem-4189	87	29	under	under	ADP
dem-4189	87	30	the	the	DET
dem-4189	87	31	gaussian	gaussian	ADJ
dem-4189	87	32	assumption	assumption	NOUN
dem-4189	87	33	leads	lead	VERB
dem-4189	87	34	to	to	ADP
dem-4189	87	35	the	the	DET
dem-4189	87	36	following	follow	VERB
dem-4189	87	37	(	(	PUNCT
dem-4189	87	38	1	1	NUM
dem-4189	87	39	–	–	SYM
dem-4189	87	40	α)%	α)%	NOUN
dem-4189	87	41	ci	ci	NOUN
dem-4189	87	42	for	for	ADP
dem-4189	87	43	scale	scale	NOUN
dem-4189	87	44	jλ	jλ	ADP
dem-4189	87	45	:	:	PUNCT
dem-4189	87	46	[	[	PUNCT
dem-4189	87	47	]	]	X
dem-4189	87	48	⎪⎭	⎪⎭	NUM
dem-4189	87	49	⎪	⎪	NOUN
dem-4189	87	50	⎬	⎬	PROPN
dem-4189	87	51	⎫	⎫	PROPN
dem-4189	87	52	⎪⎩	⎪⎩	PROPN
dem-4189	87	53	⎪	⎪	NOUN
dem-4189	87	54	⎨	⎨	ADJ
dem-4189	87	55	⎧	⎧	PROPN
dem-4189	87	56	⎟	⎟	X
dem-4189	87	57	⎟	⎟	X
dem-4189	87	58	⎠	⎠	PUNCT
dem-4189	87	59	⎞	⎞	PROPN
dem-4189	87	60	⎜	⎜	PROPN
dem-4189	87	61	⎜	⎜	PROPN
dem-4189	87	62	⎝	⎝	PUNCT
dem-4189	87	63	⎛	⎛	NOUN
dem-4189	87	64	−	−	PROPN
dem-4189	87	65	±−	±−	NOUN
dem-4189	87	66	5,0	5,0	NUM
dem-4189	87	67	1	1	NUM
dem-4189	87	68	3ˆ	3ˆ	NUM
dem-4189	87	69	1)(~tanhtanh	1)(~tanhtanh	NUM
dem-4189	87	70	2	2	NUM
dem-4189	87	71	j	j	PROPN
dem-4189	87	72	j	j	PROPN
dem-4189	87	73	n	n	CCONJ
dem-4189	87	74	αςλρ	αςλρ	NOUN
dem-4189	87	75	,	,	PUNCT
dem-4189	87	76	(	(	PUNCT
dem-4189	87	77	13	13	NUM
dem-4189	87	78	)	)	PUNCT
dem-4189	87	79	where	where	SCONJ
dem-4189	87	80	jn̂	jn̂	PROPN
dem-4189	87	81	is	be	AUX
dem-4189	87	82	the	the	DET
dem-4189	87	83	number	number	NOUN
dem-4189	87	84	of	of	ADP
dem-4189	87	85	(	(	PUNCT
dem-4189	87	86	conventional	conventional	ADJ
dem-4189	87	87	)	)	PUNCT
dem-4189	87	88	dwt	dwt	NOUN
dem-4189	87	89	coefficients	coefficient	NOUN
dem-4189	87	90	associated	associate	VERB
dem-4189	87	91	with	with	ADP
dem-4189	87	92	scale	scale	NOUN
dem-4189	87	93	jλ	jλ	ADJ
dem-4189	87	94	that	that	PRON
dem-4189	87	95	is	be	AUX
dem-4189	87	96	treated	treat	VERB
dem-4189	87	97	here	here	ADV
dem-4189	87	98	as	as	ADP
dem-4189	87	99	a	a	DET
dem-4189	87	100	measure	measure	NOUN
dem-4189	87	101	of	of	ADP
dem-4189	87	102	the	the	DET
dem-4189	87	103	scale	scale	NOUN
dem-4189	87	104	-	-	PUNCT
dem-4189	87	105	dependent	dependent	ADJ
dem-4189	87	106	sample	sample	NOUN
dem-4189	87	107	size	size	NOUN
dem-4189	87	108	.	.	PUNCT
dem-4189	88	1	3	3	X
dem-4189	88	2	.	.	X
dem-4189	88	3	empirical	empirical	ADJ
dem-4189	88	4	results	result	NOUN
dem-4189	88	5	in	in	ADP
dem-4189	88	6	the	the	DET
dem-4189	88	7	empirical	empirical	ADJ
dem-4189	88	8	examination	examination	NOUN
dem-4189	88	9	daily	daily	ADJ
dem-4189	88	10	closing	closing	NOUN
dem-4189	88	11	prices	price	NOUN
dem-4189	88	12	of	of	ADP
dem-4189	88	13	nine	nine	NUM
dem-4189	88	14	indices	index	NOUN
dem-4189	88	15	denominated	denominate	VERB
dem-4189	88	16	in	in	ADP
dem-4189	88	17	polish	polish	ADJ
dem-4189	88	18	zloty	zloty	NOUN
dem-4189	88	19	at	at	ADP
dem-4189	88	20	the	the	DET
dem-4189	88	21	national	national	PROPN
dem-4189	88	22	bank	bank	PROPN
dem-4189	88	23	of	of	ADP
dem-4189	88	24	poland	poland	PROPN
dem-4189	88	25	(	(	PUNCT
dem-4189	88	26	nbp	nbp	PROPN
dem-4189	88	27	)	)	PUNCT
dem-4189	88	28	exchange	exchange	NOUN
dem-4189	88	29	rates	rate	NOUN
dem-4189	88	30	have	have	AUX
dem-4189	88	31	been	be	AUX
dem-4189	88	32	used	use	VERB
dem-4189	88	33	.	.	PUNCT
dem-4189	89	1	we	we	PRON
dem-4189	89	2	decided	decide	VERB
dem-4189	89	3	on	on	ADP
dem-4189	89	4	examining	examine	VERB
dem-4189	89	5	prices	price	NOUN
dem-4189	89	6	instead	instead	ADV
dem-4189	89	7	of	of	ADP
dem-4189	89	8	returns	return	NOUN
dem-4189	89	9	due	due	ADP
dem-4189	89	10	to	to	ADP
dem-4189	89	11	the	the	DET
dem-4189	89	12	fact	fact	NOUN
dem-4189	89	13	that	that	SCONJ
dem-4189	89	14	,	,	PUNCT
dem-4189	89	15	firstly	firstly	ADV
dem-4189	89	16	,	,	PUNCT
dem-4189	89	17	using	use	VERB
dem-4189	89	18	wavelets	wavelet	NOUN
dem-4189	89	19	we	we	PRON
dem-4189	89	20	do	do	AUX
dem-4189	89	21	not	not	PART
dem-4189	89	22	need	need	VERB
dem-4189	89	23	to	to	PART
dem-4189	89	24	transform	transform	VERB
dem-4189	89	25	data	datum	NOUN
dem-4189	89	26	to	to	ADP
dem-4189	89	27	stationarity	stationarity	NOUN
dem-4189	89	28	prior	prior	ADV
dem-4189	89	29	to	to	ADP
dem-4189	89	30	the	the	DET
dem-4189	89	31	analysis	analysis	NOUN
dem-4189	89	32	,	,	PUNCT
dem-4189	89	33	secondly	secondly	ADV
dem-4189	89	34	,	,	PUNCT
dem-4189	89	35	examining	examine	VERB
dem-4189	89	36	indices	index	NOUN
dem-4189	89	37	provides	provide	VERB
dem-4189	89	38	better	well	ADJ
dem-4189	89	39	interpretation	interpretation	NOUN
dem-4189	89	40	in	in	ADP
dem-4189	89	41	terms	term	NOUN
dem-4189	89	42	of	of	ADP
dem-4189	89	43	synchronization	synchronization	NOUN
dem-4189	89	44	of	of	ADP
dem-4189	89	45	stock	stock	NOUN
dem-4189	89	46	market	market	NOUN
dem-4189	89	47	cycles	cycle	NOUN
dem-4189	89	48	and	and	CCONJ
dem-4189	89	49	,	,	PUNCT
dem-4189	89	50	thirdly	thirdly	ADV
dem-4189	89	51	,	,	PUNCT
dem-4189	89	52	wavelet	wavelet	NOUN
dem-4189	89	53	coefficients	coefficient	NOUN
dem-4189	89	54	obtained	obtain	VERB
dem-4189	89	55	with	with	ADP
dem-4189	89	56	the	the	DET
dem-4189	89	57	haar	haar	PROPN
dem-4189	89	58	wavelet	wavelet	NOUN
dem-4189	89	59	filter	filter	NOUN
dem-4189	89	60	can	can	AUX
dem-4189	89	61	be	be	AUX
dem-4189	89	62	thought	think	VERB
dem-4189	89	63	of	of	ADP
dem-4189	89	64	being	be	AUX
dem-4189	89	65	local	local	ADJ
dem-4189	89	66	estimates	estimate	NOUN
dem-4189	89	67	of	of	ADP
dem-4189	89	68	multi	multi	ADJ
dem-4189	89	69	-	-	ADJ
dem-4189	89	70	period	period	NOUN
dem-4189	89	71	returns	return	NOUN
dem-4189	89	72	and	and	CCONJ
dem-4189	89	73	–	–	PUNCT
dem-4189	89	74	as	as	ADP
dem-4189	89	75	such	such	ADJ
dem-4189	89	76	–	–	PUNCT
dem-4189	89	77	our	our	PRON
dem-4189	89	78	results	result	NOUN
dem-4189	89	79	of	of	ADP
dem-4189	89	80	wavelet	wavelet	NOUN
dem-4189	89	81	variance	variance	NOUN
dem-4189	89	82	and	and	CCONJ
dem-4189	89	83	correlation	correlation	NOUN
dem-4189	89	84	analysis	analysis	NOUN
dem-4189	89	85	will	will	AUX
dem-4189	89	86	have	have	VERB
dem-4189	89	87	practical	practical	ADJ
dem-4189	89	88	implications	implication	NOUN
dem-4189	89	89	for	for	ADP
dem-4189	89	90	portfolio	portfolio	NOUN
dem-4189	89	91	construceuropean	construceuropean	ADJ
dem-4189	89	92	equity	equity	NOUN
dem-4189	89	93	market	market	NOUN
dem-4189	89	94	integration	integration	NOUN
dem-4189	89	95	and	and	CCONJ
dem-4189	89	96	optimal	optimal	ADJ
dem-4189	89	97	investment	investment	NOUN
dem-4189	89	98	horizons	horizon	NOUN
dem-4189	89	99	…	…	SYM
dem-4189	89	100	21	21	NUM
dem-4189	89	101	tion	tion	NOUN
dem-4189	89	102	.	.	PUNCT
dem-4189	90	1	the	the	DET
dem-4189	90	2	main	main	ADJ
dem-4189	90	3	advantage	advantage	NOUN
dem-4189	90	4	of	of	ADP
dem-4189	90	5	using	use	VERB
dem-4189	90	6	wavelets	wavelet	NOUN
dem-4189	90	7	over	over	ADP
dem-4189	90	8	more	more	ADV
dem-4189	90	9	traditional	traditional	ADJ
dem-4189	90	10	approaches	approach	NOUN
dem-4189	90	11	is	be	AUX
dem-4189	90	12	their	their	PRON
dem-4189	90	13	efficiency	efficiency	NOUN
dem-4189	90	14	in	in	ADP
dem-4189	90	15	data	data	NOUN
dem-4189	90	16	exploration	exploration	NOUN
dem-4189	90	17	resulting	result	VERB
dem-4189	90	18	from	from	ADP
dem-4189	90	19	optimal	optimal	ADJ
dem-4189	90	20	time	time	NOUN
dem-4189	90	21	-	-	PUNCT
dem-4189	90	22	frequency	frequency	NOUN
dem-4189	90	23	resolution	resolution	NOUN
dem-4189	90	24	and	and	CCONJ
dem-4189	90	25	the	the	DET
dem-4189	90	26	simplicity	simplicity	NOUN
dem-4189	90	27	in	in	ADP
dem-4189	90	28	analyzing	analyze	VERB
dem-4189	90	29	scale	scale	NOUN
dem-4189	90	30	-	-	PUNCT
dem-4189	90	31	dependent	dependent	ADJ
dem-4189	90	32	phenomena	phenomenon	NOUN
dem-4189	90	33	.	.	PUNCT
dem-4189	91	1	the	the	DET
dem-4189	91	2	indices	index	NOUN
dem-4189	91	3	examined	examine	VERB
dem-4189	91	4	here	here	ADV
dem-4189	91	5	are	be	AUX
dem-4189	91	6	from	from	ADP
dem-4189	91	7	both	both	DET
dem-4189	91	8	developed	develop	VERB
dem-4189	91	9	european	european	ADJ
dem-4189	91	10	capital	capital	NOUN
dem-4189	91	11	markets	market	NOUN
dem-4189	91	12	(	(	PUNCT
dem-4189	91	13	dax	dax	PROPN
dem-4189	91	14	,	,	PUNCT
dem-4189	91	15	ftse	ftse	PROPN
dem-4189	91	16	,	,	PUNCT
dem-4189	91	17	cac	cac	PROPN
dem-4189	91	18	)	)	PUNCT
dem-4189	91	19	and	and	CCONJ
dem-4189	91	20	cee	cee	PROPN
dem-4189	91	21	markets	market	NOUN
dem-4189	91	22	(	(	PUNCT
dem-4189	91	23	px	px	PROPN
dem-4189	91	24	,	,	PUNCT
dem-4189	91	25	sax	sax	PROPN
dem-4189	91	26	,	,	PUNCT
dem-4189	91	27	bux	bux	NOUN
dem-4189	91	28	,	,	PUNCT
dem-4189	91	29	sofix	sofix	NOUN
dem-4189	91	30	,	,	PUNCT
dem-4189	91	31	bet	bet	NOUN
dem-4189	91	32	and	and	CCONJ
dem-4189	91	33	wig	wig	NOUN
dem-4189	91	34	)	)	PUNCT
dem-4189	91	35	and	and	CCONJ
dem-4189	91	36	span	span	VERB
dem-4189	91	37	the	the	DET
dem-4189	91	38	period	period	NOUN
dem-4189	91	39	2.01.2002–30.04.2009	2.01.2002–30.04.2009	NUM
dem-4189	91	40	(	(	PUNCT
dem-4189	91	41	1912	1912	NUM
dem-4189	91	42	observations	observation	NOUN
dem-4189	91	43	)	)	PUNCT
dem-4189	91	44	,	,	PUNCT
dem-4189	91	45	except	except	SCONJ
dem-4189	91	46	for	for	ADP
dem-4189	91	47	sax	sax	NOUN
dem-4189	91	48	,	,	PUNCT
dem-4189	91	49	for	for	ADP
dem-4189	91	50	which	which	PRON
dem-4189	91	51	the	the	DET
dem-4189	91	52	sample	sample	NOUN
dem-4189	91	53	starts	start	VERB
dem-4189	91	54	on	on	ADP
dem-4189	91	55	2.01.2003	2.01.2003	NUM
dem-4189	91	56	,	,	PUNCT
dem-4189	91	57	as	as	ADV
dem-4189	91	58	well	well	ADV
dem-4189	91	59	as	as	ADP
dem-4189	91	60	sofix	sofix	NOUN
dem-4189	91	61	and	and	CCONJ
dem-4189	91	62	bet	bet	NOUN
dem-4189	91	63	,	,	PUNCT
dem-4189	91	64	where	where	SCONJ
dem-4189	91	65	the	the	DET
dem-4189	91	66	samples	sample	NOUN
dem-4189	91	67	begin	begin	VERB
dem-4189	91	68	on	on	ADP
dem-4189	91	69	3.04.2007	3.04.2007	NUM
dem-4189	91	70	.	.	PUNCT
dem-4189	92	1	the	the	DET
dem-4189	92	2	reason	reason	NOUN
dem-4189	92	3	for	for	ADP
dem-4189	92	4	the	the	DET
dem-4189	92	5	differences	difference	NOUN
dem-4189	92	6	in	in	ADP
dem-4189	92	7	data	datum	NOUN
dem-4189	92	8	length	length	NOUN
dem-4189	92	9	is	be	AUX
dem-4189	92	10	the	the	DET
dem-4189	92	11	lack	lack	NOUN
dem-4189	92	12	of	of	ADP
dem-4189	92	13	daily	daily	ADJ
dem-4189	92	14	quotations	quotation	NOUN
dem-4189	92	15	of	of	ADP
dem-4189	92	16	slovak	slovak	ADJ
dem-4189	92	17	koruna	koruna	NOUN
dem-4189	92	18	,	,	PUNCT
dem-4189	92	19	bulgarian	bulgarian	ADJ
dem-4189	92	20	lev	lev	NOUN
dem-4189	92	21	and	and	CCONJ
dem-4189	92	22	romanian	romanian	PROPN
dem-4189	92	23	leu	leu	PROPN
dem-4189	92	24	to	to	ADP
dem-4189	92	25	the	the	DET
dem-4189	92	26	beginnings	beginning	NOUN
dem-4189	92	27	of	of	ADP
dem-4189	92	28	our	our	PRON
dem-4189	92	29	samples	sample	NOUN
dem-4189	92	30	.	.	PUNCT
dem-4189	93	1	after	after	ADP
dem-4189	93	2	linear	linear	ADJ
dem-4189	93	3	interpolation	interpolation	NOUN
dem-4189	93	4	of	of	ADP
dem-4189	93	5	missing	miss	VERB
dem-4189	93	6	observations	observation	NOUN
dem-4189	93	7	the	the	DET
dem-4189	93	8	quotations	quotation	NOUN
dem-4189	93	9	have	have	AUX
dem-4189	93	10	been	be	AUX
dem-4189	93	11	transformed	transform	VERB
dem-4189	93	12	into	into	ADP
dem-4189	93	13	logarithms	logarithm	NOUN
dem-4189	93	14	.	.	PUNCT
dem-4189	94	1	the	the	DET
dem-4189	94	2	computations	computation	NOUN
dem-4189	94	3	were	be	AUX
dem-4189	94	4	performed	perform	VERB
dem-4189	94	5	on	on	ADP
dem-4189	94	6	the	the	DET
dem-4189	94	7	entire	entire	ADJ
dem-4189	94	8	sample	sample	NOUN
dem-4189	94	9	and	and	CCONJ
dem-4189	94	10	in	in	ADP
dem-4189	94	11	three	three	NUM
dem-4189	94	12	subsamples	subsample	NOUN
dem-4189	94	13	:	:	PUNCT
dem-4189	94	14	01.2002–04.2004	01.2002–04.2004	NUM
dem-4189	94	15	(	(	PUNCT
dem-4189	94	16	608	608	NUM
dem-4189	94	17	observations	observation	NOUN
dem-4189	94	18	)	)	PUNCT
dem-4189	94	19	,	,	PUNCT
dem-4189	94	20	05.2004–03.2007	05.2004–03.2007	NUM
dem-4189	94	21	(	(	PUNCT
dem-4189	94	22	761	761	NUM
dem-4189	94	23	observations	observation	NOUN
dem-4189	94	24	)	)	PUNCT
dem-4189	94	25	,	,	PUNCT
dem-4189	94	26	04.2007–04.2009	04.2007–04.2009	X
dem-4189	94	27	(	(	PUNCT
dem-4189	94	28	543	543	NUM
dem-4189	94	29	observations	observation	NOUN
dem-4189	94	30	)	)	PUNCT
dem-4189	94	31	.	.	PUNCT
dem-4189	95	1	the	the	DET
dem-4189	95	2	first	first	ADJ
dem-4189	95	3	subsample	subsample	NOUN
dem-4189	95	4	spans	span	NOUN
dem-4189	95	5	the	the	DET
dem-4189	95	6	period	period	NOUN
dem-4189	95	7	prior	prior	ADV
dem-4189	95	8	to	to	ADP
dem-4189	95	9	the	the	DET
dem-4189	95	10	enlargement	enlargement	NOUN
dem-4189	95	11	of	of	ADP
dem-4189	95	12	the	the	DET
dem-4189	95	13	european	european	PROPN
dem-4189	95	14	union	union	PROPN
dem-4189	95	15	in	in	ADP
dem-4189	95	16	2004	2004	NUM
dem-4189	95	17	,	,	PUNCT
dem-4189	95	18	the	the	DET
dem-4189	95	19	second	second	ADJ
dem-4189	95	20	comprises	comprise	VERB
dem-4189	95	21	first	first	ADV
dem-4189	95	22	three	three	NUM
dem-4189	95	23	years	year	NOUN
dem-4189	95	24	after	after	ADP
dem-4189	95	25	the	the	DET
dem-4189	95	26	enlargement	enlargement	NOUN
dem-4189	95	27	,	,	PUNCT
dem-4189	95	28	while	while	SCONJ
dem-4189	95	29	the	the	DET
dem-4189	95	30	last	last	ADJ
dem-4189	95	31	covers	cover	VERB
dem-4189	95	32	the	the	DET
dem-4189	95	33	most	most	ADV
dem-4189	95	34	recent	recent	ADJ
dem-4189	95	35	period	period	NOUN
dem-4189	95	36	that	that	PRON
dem-4189	95	37	includes	include	VERB
dem-4189	95	38	also	also	ADV
dem-4189	95	39	the	the	DET
dem-4189	95	40	data	datum	NOUN
dem-4189	95	41	on	on	ADP
dem-4189	95	42	the	the	DET
dem-4189	95	43	latest	late	ADJ
dem-4189	95	44	financial	financial	ADJ
dem-4189	95	45	crisis	crisis	NOUN
dem-4189	95	46	and	and	CCONJ
dem-4189	95	47	is	be	AUX
dem-4189	95	48	the	the	DET
dem-4189	95	49	only	only	ADJ
dem-4189	95	50	one	one	NUM
dem-4189	95	51	spanning	span	VERB
dem-4189	95	52	all	all	DET
dem-4189	95	53	nine	nine	NUM
dem-4189	95	54	indices	index	NOUN
dem-4189	95	55	.	.	PUNCT
dem-4189	96	1	the	the	DET
dem-4189	96	2	results	result	NOUN
dem-4189	96	3	of	of	ADP
dem-4189	96	4	group	group	NOUN
dem-4189	96	5	unit	unit	NOUN
dem-4189	96	6	root	root	NOUN
dem-4189	96	7	tests	test	NOUN
dem-4189	96	8	on	on	ADP
dem-4189	96	9	an	an	DET
dem-4189	96	10	unbalanced	unbalanced	ADJ
dem-4189	96	11	panel	panel	NOUN
dem-4189	96	12	comprising	comprise	VERB
dem-4189	96	13	all	all	DET
dem-4189	96	14	indices	index	NOUN
dem-4189	96	15	and	and	CCONJ
dem-4189	96	16	all	all	DET
dem-4189	96	17	observations	observation	NOUN
dem-4189	96	18	performed	perform	VERB
dem-4189	96	19	with	with	ADP
dem-4189	96	20	lag	lag	NOUN
dem-4189	96	21	length	length	NOUN
dem-4189	96	22	chosen	choose	VERB
dem-4189	96	23	on	on	ADP
dem-4189	96	24	the	the	DET
dem-4189	96	25	base	base	NOUN
dem-4189	96	26	of	of	ADP
dem-4189	96	27	the	the	DET
dem-4189	96	28	schwartz	schwartz	PROPN
dem-4189	96	29	criterion	criterion	NOUN
dem-4189	96	30	,	,	PUNCT
dem-4189	96	31	spectrum	spectrum	NOUN
dem-4189	96	32	estimation	estimation	NOUN
dem-4189	96	33	at	at	ADP
dem-4189	96	34	frequency	frequency	NOUN
dem-4189	96	35	0	0	NUM
dem-4189	96	36	with	with	ADP
dem-4189	96	37	the	the	DET
dem-4189	96	38	bartlett	bartlett	PROPN
dem-4189	96	39	kernel	kernel	PROPN
dem-4189	96	40	,	,	PUNCT
dem-4189	96	41	newey	newey	PROPN
dem-4189	96	42	-	-	PUNCT
dem-4189	96	43	west	west	ADJ
dem-4189	96	44	bandwidth	bandwidth	ADJ
dem-4189	96	45	selection	selection	NOUN
dem-4189	96	46	,	,	PUNCT
dem-4189	96	47	individual	individual	ADJ
dem-4189	96	48	intercepts	intercept	NOUN
dem-4189	96	49	for	for	ADP
dem-4189	96	50	the	the	DET
dem-4189	96	51	levels	level	NOUN
dem-4189	96	52	and	and	CCONJ
dem-4189	96	53	no	no	DET
dem-4189	96	54	intercept	intercept	NOUN
dem-4189	96	55	for	for	ADP
dem-4189	96	56	first	first	ADJ
dem-4189	96	57	differences	difference	NOUN
dem-4189	96	58	are	be	AUX
dem-4189	96	59	given	give	VERB
dem-4189	96	60	in	in	ADP
dem-4189	96	61	table	table	NOUN
dem-4189	96	62	1	1	NUM
dem-4189	96	63	.	.	PUNCT
dem-4189	97	1	the	the	DET
dem-4189	97	2	results	result	NOUN
dem-4189	97	3	(	(	PUNCT
dem-4189	97	4	except	except	SCONJ
dem-4189	97	5	for	for	ADP
dem-4189	97	6	the	the	DET
dem-4189	97	7	t	t	PROPN
dem-4189	97	8	*	*	PUNCT
dem-4189	97	9	statistic	statistic	NOUN
dem-4189	97	10	)	)	PUNCT
dem-4189	97	11	allow	allow	VERB
dem-4189	97	12	to	to	PART
dem-4189	97	13	treat	treat	VERB
dem-4189	97	14	our	our	PRON
dem-4189	97	15	multivariate	multivariate	NOUN
dem-4189	97	16	process	process	NOUN
dem-4189	97	17	as	as	ADP
dem-4189	97	18	integrated	integrate	VERB
dem-4189	97	19	of	of	ADP
dem-4189	97	20	order	order	NOUN
dem-4189	97	21	1	1	NUM
dem-4189	97	22	.	.	PUNCT
dem-4189	97	23	table	table	NOUN
dem-4189	97	24	1	1	NUM
dem-4189	97	25	.	.	PUNCT
dem-4189	97	26	results	result	NOUN
dem-4189	97	27	of	of	ADP
dem-4189	97	28	group	group	NOUN
dem-4189	97	29	unit	unit	NOUN
dem-4189	97	30	root	root	NOUN
dem-4189	97	31	tests	tests	PROPN
dem-4189	97	32	test	test	NOUN
dem-4189	97	33	statistic	statistic	NOUN
dem-4189	97	34	p	p	NOUN
dem-4189	97	35	-	-	PUNCT
dem-4189	97	36	value	value	NOUN
dem-4189	97	37	statistic	statistic	NOUN
dem-4189	97	38	p	p	NOUN
dem-4189	97	39	-	-	PUNCT
dem-4189	97	40	value	value	NOUN
dem-4189	97	41	level	level	NOUN
dem-4189	97	42	first	first	ADJ
dem-4189	97	43	difference	difference	NOUN
dem-4189	97	44	h0	h0	NOUN
dem-4189	97	45	:	:	PUNCT
dem-4189	97	46	common	common	ADJ
dem-4189	97	47	unit	unit	NOUN
dem-4189	97	48	root	root	PROPN
dem-4189	97	49	levin	levin	PROPN
dem-4189	97	50	,	,	PUNCT
dem-4189	97	51	lin	lin	PROPN
dem-4189	97	52	,	,	PUNCT
dem-4189	97	53	chu	chu	PROPN
dem-4189	97	54	t	t	PROPN
dem-4189	97	55	*	*	PROPN
dem-4189	97	56	-3.029	-3.029	PROPN
dem-4189	97	57	0.001	0.001	NUM
dem-4189	97	58	-92.054	-92.054	NOUN
dem-4189	97	59	0.000	0.000	NUM
dem-4189	97	60	breitung	breitung	NOUN
dem-4189	97	61	t	t	PROPN
dem-4189	97	62	3.199	3.199	NUM
dem-4189	97	63	0.999	0.999	NUM
dem-4189	97	64	87.593	87.593	NUM
dem-4189	97	65	0.000	0.000	NUM
dem-4189	97	66	h0	h0	NOUN
dem-4189	97	67	:	:	PUNCT
dem-4189	97	68	individual	individual	ADJ
dem-4189	97	69	unit	unit	NOUN
dem-4189	97	70	root	root	VERB
dem-4189	97	71	i	i	PROPN
dem-4189	97	72	m	m	PROPN
dem-4189	97	73	,	,	PUNCT
dem-4189	97	74	pesaran	pesaran	VERB
dem-4189	97	75	,	,	PUNCT
dem-4189	97	76	shin	shin	PROPN
dem-4189	97	77	w	w	ADP
dem-4189	97	78	0.596	0.596	NUM
dem-4189	97	79	0.725	0.725	NUM
dem-4189	97	80	adf	adf	PROPN
dem-4189	97	81	-	-	PUNCT
dem-4189	97	82	fisher	fisher	PROPN
dem-4189	97	83	χ2	χ2	PROPN
dem-4189	97	84	15.915	15.915	NUM
dem-4189	97	85	0.599	0.599	NUM
dem-4189	97	86	1153.20	1153.20	NUM
dem-4189	97	87	0.000	0.000	NUM
dem-4189	97	88	pp	pp	PROPN
dem-4189	97	89	-	-	PUNCT
dem-4189	97	90	fisher	fisher	NOUN
dem-4189	97	91	χ2	χ2	PROPN
dem-4189	97	92	16.155	16.155	NUM
dem-4189	97	93	0.582	0.582	NUM
dem-4189	97	94	529.606	529.606	NUM
dem-4189	97	95	0.000	0.000	NUM
dem-4189	97	96	h0	h0	NOUN
dem-4189	97	97	:	:	PUNCT
dem-4189	97	98	no	no	DET
dem-4189	97	99	common	common	ADJ
dem-4189	97	100	unit	unit	NOUN
dem-4189	97	101	root	root	NOUN
dem-4189	97	102	hadri	hadri	PROPN
dem-4189	97	103	z	z	NOUN
dem-4189	97	104	66.89	66.89	NUM
dem-4189	97	105	0.000	0.000	NUM
dem-4189	97	106	depending	depend	VERB
dem-4189	97	107	on	on	ADP
dem-4189	97	108	data	datum	NOUN
dem-4189	97	109	length	length	NOUN
dem-4189	97	110	a	a	DET
dem-4189	97	111	6or	6or	ADJ
dem-4189	97	112	8	8	NUM
dem-4189	97	113	-	-	PUNCT
dem-4189	97	114	level	level	NOUN
dem-4189	97	115	maximal	maximal	ADJ
dem-4189	97	116	overlap	overlap	NOUN
dem-4189	97	117	discrete	discrete	ADJ
dem-4189	97	118	wavelet	wavelet	NOUN
dem-4189	97	119	transforms	transform	NOUN
dem-4189	97	120	were	be	AUX
dem-4189	97	121	executed	execute	VERB
dem-4189	97	122	.	.	PUNCT
dem-4189	98	1	one	one	NUM
dem-4189	98	2	of	of	ADP
dem-4189	98	3	the	the	DET
dem-4189	98	4	daubechies	daubechie	NOUN
dem-4189	98	5	least	least	ADJ
dem-4189	98	6	asymmetric	asymmetric	ADJ
dem-4189	98	7	wavelet	wavelet	NOUN
dem-4189	98	8	filters	filter	NOUN
dem-4189	98	9	–	–	PUNCT
dem-4189	98	10	la(8	la(8	NOUN
dem-4189	98	11	)	)	PUNCT
dem-4189	98	12	–	–	PUNCT
dem-4189	98	13	was	be	AUX
dem-4189	98	14	applied	apply	VERB
dem-4189	98	15	,	,	PUNCT
dem-4189	98	16	which	which	PRON
dem-4189	98	17	is	be	AUX
dem-4189	98	18	nearly	nearly	ADV
dem-4189	98	19	linear	linear	ADJ
dem-4189	98	20	in	in	ADP
dem-4189	98	21	phase	phase	NOUN
dem-4189	98	22	and	and	CCONJ
dem-4189	98	23	has	have	VERB
dem-4189	98	24	the	the	DET
dem-4189	98	25	width	width	ADJ
dem-4189	98	26	8	8	NUM
dem-4189	98	27	.	.	PUNCT
dem-4189	99	1	besides	besides	ADV
dem-4189	99	2	,	,	PUNCT
dem-4189	99	3	in	in	ADP
dem-4189	99	4	the	the	DET
dem-4189	99	5	case	case	NOUN
dem-4189	99	6	of	of	ADP
dem-4189	99	7	wavelet	wavelet	NOUN
dem-4189	99	8	correlations	correlation	NOUN
dem-4189	99	9	the	the	DET
dem-4189	99	10	examination	examination	NOUN
dem-4189	99	11	was	be	AUX
dem-4189	99	12	also	also	ADV
dem-4189	99	13	performed	perform	VERB
dem-4189	99	14	with	with	ADP
dem-4189	99	15	the	the	DET
dem-4189	99	16	haar	haar	PROPN
dem-4189	99	17	wavelet	wavelet	NOUN
dem-4189	99	18	filter3	filter3	PROPN
dem-4189	99	19	.	.	PUNCT
dem-4189	100	1	the	the	DET
dem-4189	100	2	decomposition	decomposition	NOUN
dem-4189	100	3	levels	level	NOUN
dem-4189	100	4	1–6	1–6	NUM
dem-4189	100	5	corres	corre	NOUN
dem-4189	100	6	3	3	NUM
dem-4189	100	7	as	as	SCONJ
dem-4189	100	8	they	they	PRON
dem-4189	100	9	confirm	confirm	VERB
dem-4189	100	10	results	result	NOUN
dem-4189	100	11	obtained	obtain	VERB
dem-4189	100	12	with	with	ADP
dem-4189	100	13	the	the	DET
dem-4189	100	14	la(8	la(8	NOUN
dem-4189	100	15	)	)	PUNCT
dem-4189	100	16	filter	filter	NOUN
dem-4189	100	17	,	,	PUNCT
dem-4189	100	18	we	we	PRON
dem-4189	100	19	do	do	AUX
dem-4189	100	20	not	not	PART
dem-4189	100	21	present	present	VERB
dem-4189	100	22	them	they	PRON
dem-4189	100	23	here	here	ADV
dem-4189	100	24	.	.	PUNCT
dem-4189	101	1	joanna	joanna	PROPN
dem-4189	101	2	bruzda	bruzda	PROPN
dem-4189	101	3	22	22	NUM
dem-4189	101	4	pond	pond	NOUN
dem-4189	101	5	to	to	ADP
dem-4189	101	6	oscillations	oscillation	NOUN
dem-4189	101	7	with	with	ADP
dem-4189	101	8	period	period	NOUN
dem-4189	101	9	lengths	length	NOUN
dem-4189	101	10	approximately	approximately	ADV
dem-4189	101	11	in	in	ADP
dem-4189	101	12	the	the	DET
dem-4189	101	13	following	follow	VERB
dem-4189	101	14	intervals	interval	NOUN
dem-4189	101	15	:	:	PUNCT
dem-4189	101	16	2–4	2–4	NUM
dem-4189	101	17	,	,	PUNCT
dem-4189	101	18	4–8	4–8	NUM
dem-4189	101	19	(	(	PUNCT
dem-4189	101	20	up	up	ADP
dem-4189	101	21	to	to	ADP
dem-4189	101	22	one	one	NUM
dem-4189	101	23	and	and	CCONJ
dem-4189	101	24	a	a	DET
dem-4189	101	25	half	half	NOUN
dem-4189	101	26	weeks	week	NOUN
dem-4189	101	27	)	)	PUNCT
dem-4189	101	28	,	,	PUNCT
dem-4189	101	29	8–16	8–16	PROPN
dem-4189	101	30	(	(	PUNCT
dem-4189	101	31	up	up	ADP
dem-4189	101	32	to	to	PART
dem-4189	101	33	3	3	NUM
dem-4189	101	34	weeks	week	NOUN
dem-4189	101	35	)	)	PUNCT
dem-4189	101	36	,	,	PUNCT
dem-4189	101	37	16–32	16–32	NUM
dem-4189	101	38	(	(	PUNCT
dem-4189	101	39	up	up	ADP
dem-4189	101	40	to	to	PART
dem-4189	101	41	6	6	NUM
dem-4189	101	42	weeks	week	NOUN
dem-4189	101	43	)	)	PUNCT
dem-4189	101	44	,	,	PUNCT
dem-4189	101	45	32–64	32–64	NUM
dem-4189	101	46	(	(	PUNCT
dem-4189	101	47	up	up	ADP
dem-4189	101	48	to	to	PART
dem-4189	101	49	one	one	NUM
dem-4189	101	50	quarter	quarter	NOUN
dem-4189	101	51	)	)	PUNCT
dem-4189	101	52	and	and	CCONJ
dem-4189	101	53	64–128	64–128	NUM
dem-4189	101	54	(	(	PUNCT
dem-4189	101	55	up	up	ADP
dem-4189	101	56	to	to	PART
dem-4189	101	57	2	2	NUM
dem-4189	101	58	quarters	quarter	NOUN
dem-4189	101	59	)	)	PUNCT
dem-4189	101	60	.	.	PUNCT
dem-4189	102	1	when	when	SCONJ
dem-4189	102	2	the	the	DET
dem-4189	102	3	whole	whole	ADJ
dem-4189	102	4	samples	sample	NOUN
dem-4189	102	5	were	be	AUX
dem-4189	102	6	analyzed	analyze	VERB
dem-4189	102	7	,	,	PUNCT
dem-4189	102	8	two	two	NUM
dem-4189	102	9	further	further	ADJ
dem-4189	102	10	decomposition	decomposition	NOUN
dem-4189	102	11	levels	level	NOUN
dem-4189	102	12	were	be	AUX
dem-4189	102	13	added	add	VERB
dem-4189	102	14	that	that	SCONJ
dem-4189	102	15	correspond	correspond	NOUN
dem-4189	102	16	to	to	ADP
dem-4189	102	17	fluctuations	fluctuation	NOUN
dem-4189	102	18	with	with	ADP
dem-4189	102	19	periods	period	NOUN
dem-4189	102	20	128–256	128–256	NUM
dem-4189	102	21	(	(	PUNCT
dem-4189	102	22	up	up	ADP
dem-4189	102	23	to	to	PART
dem-4189	102	24	one	one	NUM
dem-4189	102	25	year	year	NOUN
dem-4189	102	26	)	)	PUNCT
dem-4189	102	27	and	and	CCONJ
dem-4189	102	28	256–512	256–512	NUM
dem-4189	102	29	(	(	PUNCT
dem-4189	102	30	up	up	ADP
dem-4189	102	31	to	to	PART
dem-4189	102	32	2	2	NUM
dem-4189	102	33	years	year	NOUN
dem-4189	102	34	)	)	PUNCT
dem-4189	102	35	,	,	PUNCT
dem-4189	102	36	respectively	respectively	ADV
dem-4189	102	37	.	.	PUNCT
dem-4189	103	1	the	the	DET
dem-4189	103	2	computations	computation	NOUN
dem-4189	103	3	ware	ware	VERB
dem-4189	103	4	executed	execute	VERB
dem-4189	103	5	in	in	ADP
dem-4189	103	6	matlab	matlab	PROPN
dem-4189	103	7	after	after	ADP
dem-4189	103	8	modifying	modify	VERB
dem-4189	103	9	codes	code	NOUN
dem-4189	103	10	developed	develop	VERB
dem-4189	103	11	by	by	ADP
dem-4189	103	12	b.	b.	PROPN
dem-4189	103	13	whitcher	whitcher	PROPN
dem-4189	103	14	(	(	PUNCT
dem-4189	103	15	the	the	DET
dem-4189	103	16	wavecov	wavecov	ADJ
dem-4189	103	17	package	package	NOUN
dem-4189	103	18	at	at	ADP
dem-4189	103	19	www2.imperial.ac.uk/~bwhitche/software	www2.imperial.ac.uk/~bwhitche/software	NOUN
dem-4189	103	20	)	)	PUNCT
dem-4189	103	21	as	as	ADV
dem-4189	103	22	well	well	ADV
dem-4189	103	23	as	as	ADP
dem-4189	103	24	d.	d.	PROPN
dem-4189	103	25	b.	b.	PROPN
dem-4189	103	26	percival	percival	PROPN
dem-4189	103	27	and	and	CCONJ
dem-4189	103	28	a.	a.	NOUN
dem-4189	103	29	t.	t.	PROPN
dem-4189	103	30	walden	walden	PROPN
dem-4189	103	31	(	(	PUNCT
dem-4189	103	32	the	the	DET
dem-4189	103	33	wmtsa	wmtsa	NOUN
dem-4189	103	34	toolkit	toolkit	NOUN
dem-4189	103	35	at	at	ADP
dem-4189	103	36	www.atmos.washington.edu/~wmtsa	www.atmos.washington.edu/~wmtsa	NOUN
dem-4189	103	37	)	)	PUNCT
dem-4189	103	38	and	and	CCONJ
dem-4189	103	39	supplementing	supplement	VERB
dem-4189	103	40	them	they	PRON
dem-4189	103	41	with	with	ADP
dem-4189	103	42	own	own	ADJ
dem-4189	103	43	programs	program	NOUN
dem-4189	103	44	.	.	PUNCT
dem-4189	104	1	figures	figure	VERB
dem-4189	104	2	1–3	1–3	NUM
dem-4189	104	3	present	present	ADJ
dem-4189	104	4	decompositions	decomposition	NOUN
dem-4189	104	5	of	of	ADP
dem-4189	104	6	the	the	DET
dem-4189	104	7	wavelet	wavelet	NOUN
dem-4189	104	8	variances	variance	NOUN
dem-4189	104	9	with	with	ADP
dem-4189	104	10	the	the	DET
dem-4189	104	11	help	help	NOUN
dem-4189	104	12	of	of	ADP
dem-4189	104	13	la(8	la(8	NOUN
dem-4189	104	14	)	)	PUNCT
dem-4189	104	15	wavelet	wavelet	NOUN
dem-4189	104	16	.	.	PUNCT
dem-4189	105	1	the	the	DET
dem-4189	105	2	results	result	NOUN
dem-4189	105	3	point	point	VERB
dem-4189	105	4	out	out	ADP
dem-4189	105	5	that	that	SCONJ
dem-4189	105	6	for	for	ADP
dem-4189	105	7	the	the	DET
dem-4189	105	8	three	three	NUM
dem-4189	105	9	mature	mature	ADJ
dem-4189	105	10	markets	market	NOUN
dem-4189	105	11	the	the	DET
dem-4189	105	12	investment	investment	NOUN
dem-4189	105	13	risk	risk	NOUN
dem-4189	105	14	in	in	ADP
dem-4189	105	15	the	the	DET
dem-4189	105	16	second	second	ADJ
dem-4189	105	17	period	period	NOUN
dem-4189	105	18	was	be	AUX
dem-4189	105	19	significantly	significantly	ADV
dem-4189	105	20	below	below	ADP
dem-4189	105	21	its	its	PRON
dem-4189	105	22	level	level	NOUN
dem-4189	105	23	in	in	ADP
dem-4189	105	24	the	the	DET
dem-4189	105	25	first	first	ADJ
dem-4189	105	26	and	and	CCONJ
dem-4189	105	27	third	third	ADJ
dem-4189	105	28	part	part	NOUN
dem-4189	105	29	of	of	ADP
dem-4189	105	30	the	the	DET
dem-4189	105	31	sample	sample	NOUN
dem-4189	105	32	.	.	PUNCT
dem-4189	106	1	in	in	ADP
dem-4189	106	2	the	the	DET
dem-4189	106	3	third	third	ADJ
dem-4189	106	4	period	period	NOUN
dem-4189	106	5	it	it	PRON
dem-4189	106	6	rose	rise	VERB
dem-4189	106	7	for	for	ADP
dem-4189	106	8	all	all	DET
dem-4189	106	9	investment	investment	NOUN
dem-4189	106	10	horizons	horizon	NOUN
dem-4189	106	11	(	(	PUNCT
dem-4189	106	12	for	for	ADP
dem-4189	106	13	the	the	DET
dem-4189	106	14	london	london	PROPN
dem-4189	106	15	stock	stock	NOUN
dem-4189	106	16	exchange	exchange	NOUN
dem-4189	106	17	even	even	ADV
dem-4189	106	18	above	above	ADP
dem-4189	106	19	its	its	PRON
dem-4189	106	20	level	level	NOUN
dem-4189	106	21	in	in	ADP
dem-4189	106	22	the	the	DET
dem-4189	106	23	first	first	ADJ
dem-4189	106	24	subsample	subsample	NOUN
dem-4189	106	25	)	)	PUNCT
dem-4189	106	26	.	.	PUNCT
dem-4189	107	1	in	in	ADP
dem-4189	107	2	the	the	DET
dem-4189	107	3	case	case	NOUN
dem-4189	107	4	of	of	ADP
dem-4189	107	5	the	the	DET
dem-4189	107	6	three	three	NUM
dem-4189	107	7	examined	examine	VERB
dem-4189	107	8	emerging	emerge	VERB
dem-4189	107	9	markets	market	NOUN
dem-4189	107	10	–	–	PUNCT
dem-4189	107	11	prague	prague	NOUN
dem-4189	107	12	,	,	PUNCT
dem-4189	107	13	budapest	budapest	PROPN
dem-4189	107	14	and	and	CCONJ
dem-4189	107	15	warsaw	warsaw	PROPN
dem-4189	107	16	–	–	PUNCT
dem-4189	107	17	the	the	DET
dem-4189	107	18	situation	situation	NOUN
dem-4189	107	19	looks	look	VERB
dem-4189	107	20	differently	differently	ADV
dem-4189	107	21	:	:	PUNCT
dem-4189	107	22	in	in	ADP
dem-4189	107	23	the	the	DET
dem-4189	107	24	preand	preand	NOUN
dem-4189	107	25	post	post	ADJ
dem-4189	107	26	-	-	ADJ
dem-4189	107	27	accession	accession	NOUN
dem-4189	107	28	periods	period	VERB
dem-4189	107	29	the	the	DET
dem-4189	107	30	wavelet	wavelet	NOUN
dem-4189	107	31	variances	variance	NOUN
dem-4189	107	32	do	do	AUX
dem-4189	107	33	not	not	PART
dem-4189	107	34	differ	differ	VERB
dem-4189	107	35	at	at	ADP
dem-4189	107	36	all	all	DET
dem-4189	107	37	scales	scale	NOUN
dem-4189	107	38	,	,	PUNCT
dem-4189	107	39	while	while	SCONJ
dem-4189	107	40	in	in	ADP
dem-4189	107	41	the	the	DET
dem-4189	107	42	last	last	ADJ
dem-4189	107	43	period	period	NOUN
dem-4189	107	44	they	they	PRON
dem-4189	107	45	rose	rise	VERB
dem-4189	107	46	significantly	significantly	ADV
dem-4189	107	47	above	above	ADP
dem-4189	107	48	their	their	PRON
dem-4189	107	49	previous	previous	ADJ
dem-4189	107	50	levels	level	NOUN
dem-4189	107	51	,	,	PUNCT
dem-4189	107	52	except	except	SCONJ
dem-4189	107	53	for	for	ADP
dem-4189	107	54	the	the	DET
dem-4189	107	55	longest	long	ADJ
dem-4189	107	56	investment	investment	NOUN
dem-4189	107	57	horizons	horizon	NOUN
dem-4189	107	58	(	(	PUNCT
dem-4189	107	59	above	above	ADP
dem-4189	107	60	6	6	NUM
dem-4189	107	61	weeks	week	NOUN
dem-4189	107	62	in	in	ADP
dem-4189	107	63	the	the	DET
dem-4189	107	64	case	case	NOUN
dem-4189	107	65	of	of	ADP
dem-4189	107	66	bux	bux	PROPN
dem-4189	107	67	and	and	CCONJ
dem-4189	107	68	wig	wig	NOUN
dem-4189	107	69	and	and	CCONJ
dem-4189	107	70	one	one	NUM
dem-4189	107	71	quarter	quarter	NOUN
dem-4189	107	72	in	in	ADP
dem-4189	107	73	the	the	DET
dem-4189	107	74	case	case	NOUN
dem-4189	107	75	of	of	ADP
dem-4189	107	76	px	px	PROPN
dem-4189	107	77	)	)	PUNCT
dem-4189	107	78	.	.	PUNCT
dem-4189	108	1	this	this	DET
dem-4189	108	2	lack	lack	NOUN
dem-4189	108	3	of	of	ADP
dem-4189	108	4	a	a	DET
dem-4189	108	5	significant	significant	ADJ
dem-4189	108	6	increase	increase	NOUN
dem-4189	108	7	in	in	ADP
dem-4189	108	8	the	the	DET
dem-4189	108	9	investment	investment	NOUN
dem-4189	108	10	risk	risk	NOUN
dem-4189	108	11	for	for	ADP
dem-4189	108	12	the	the	DET
dem-4189	108	13	longest	long	ADJ
dem-4189	108	14	horizons	horizon	NOUN
dem-4189	108	15	can	can	AUX
dem-4189	108	16	be	be	AUX
dem-4189	108	17	thought	think	VERB
dem-4189	108	18	of	of	ADP
dem-4189	108	19	as	as	ADP
dem-4189	108	20	a	a	DET
dem-4189	108	21	sign	sign	NOUN
dem-4189	108	22	that	that	SCONJ
dem-4189	108	23	central	central	ADJ
dem-4189	108	24	and	and	CCONJ
dem-4189	108	25	eastern	eastern	ADJ
dem-4189	108	26	european	european	ADJ
dem-4189	108	27	capital	capital	NOUN
dem-4189	108	28	markets	market	NOUN
dem-4189	108	29	were	be	AUX
dem-4189	108	30	more	more	ADV
dem-4189	108	31	robust	robust	ADJ
dem-4189	108	32	to	to	ADP
dem-4189	108	33	the	the	DET
dem-4189	108	34	financial	financial	ADJ
dem-4189	108	35	crisis	crisis	NOUN
dem-4189	108	36	at	at	ADP
dem-4189	108	37	the	the	DET
dem-4189	108	38	beginning	beginning	NOUN
dem-4189	108	39	of	of	ADP
dem-4189	108	40	it	it	PRON
dem-4189	108	41	than	than	ADP
dem-4189	108	42	the	the	DET
dem-4189	108	43	developed	develop	VERB
dem-4189	108	44	markets	market	NOUN
dem-4189	108	45	.	.	PUNCT
dem-4189	109	1	a	a	DET
dem-4189	109	2	more	more	ADV
dem-4189	109	3	detailed	detailed	ADJ
dem-4189	109	4	examination	examination	NOUN
dem-4189	109	5	,	,	PUNCT
dem-4189	109	6	of	of	ADP
dem-4189	109	7	which	which	PRON
dem-4189	109	8	we	we	PRON
dem-4189	109	9	present	present	VERB
dem-4189	109	10	here	here	ADV
dem-4189	109	11	only	only	ADV
dem-4189	109	12	the	the	DET
dem-4189	109	13	comparison	comparison	NOUN
dem-4189	109	14	between	between	ADP
dem-4189	109	15	dax	dax	PROPN
dem-4189	109	16	and	and	CCONJ
dem-4189	109	17	wig	wig	NOUN
dem-4189	109	18	(	(	PUNCT
dem-4189	109	19	see	see	VERB
dem-4189	109	20	figure	figure	NOUN
dem-4189	109	21	3	3	NUM
dem-4189	109	22	)	)	PUNCT
dem-4189	109	23	,	,	PUNCT
dem-4189	109	24	performed	perform	VERB
dem-4189	109	25	with	with	ADP
dem-4189	109	26	the	the	DET
dem-4189	109	27	help	help	NOUN
dem-4189	109	28	of	of	ADP
dem-4189	109	29	the	the	DET
dem-4189	109	30	local	local	ADJ
dem-4189	109	31	wavelet	wavelet	NOUN
dem-4189	109	32	variance4	variance4	NOUN
dem-4189	109	33	,	,	PUNCT
dem-4189	109	34	shows	show	NOUN
dem-4189	109	35	,	,	PUNCT
dem-4189	109	36	however	however	ADV
dem-4189	109	37	,	,	PUNCT
dem-4189	109	38	a	a	DET
dem-4189	109	39	quite	quite	ADV
dem-4189	109	40	similar	similar	ADJ
dem-4189	109	41	level	level	NOUN
dem-4189	109	42	of	of	ADP
dem-4189	109	43	volatility	volatility	NOUN
dem-4189	109	44	for	for	ADP
dem-4189	109	45	medium	medium	ADJ
dem-4189	109	46	and	and	CCONJ
dem-4189	109	47	long	long	ADJ
dem-4189	109	48	horizon	horizon	NOUN
dem-4189	109	49	investments	investment	NOUN
dem-4189	109	50	on	on	ADP
dem-4189	109	51	the	the	DET
dem-4189	109	52	polish	polish	ADJ
dem-4189	109	53	market	market	NOUN
dem-4189	109	54	as	as	SCONJ
dem-4189	109	55	compared	compare	VERB
dem-4189	109	56	to	to	ADP
dem-4189	109	57	frankfurt	frankfurt	PROPN
dem-4189	109	58	,	,	PUNCT
dem-4189	109	59	with	with	ADP
dem-4189	109	60	periods	period	NOUN
dem-4189	109	61	of	of	ADP
dem-4189	109	62	a	a	DET
dem-4189	109	63	rapid	rapid	ADJ
dem-4189	109	64	increase	increase	NOUN
dem-4189	109	65	of	of	ADP
dem-4189	109	66	risk	risk	NOUN
dem-4189	109	67	,	,	PUNCT
dem-4189	109	68	except	except	SCONJ
dem-4189	109	69	for	for	ADP
dem-4189	109	70	the	the	DET
dem-4189	109	71	highest	high	ADJ
dem-4189	109	72	level	level	NOUN
dem-4189	109	73	of	of	ADP
dem-4189	109	74	examination	examination	NOUN
dem-4189	109	75	.	.	PUNCT
dem-4189	110	1	a	a	DET
dem-4189	110	2	similar	similar	ADJ
dem-4189	110	3	situation	situation	NOUN
dem-4189	110	4	was	be	AUX
dem-4189	110	5	observed	observe	VERB
dem-4189	110	6	for	for	ADP
dem-4189	110	7	the	the	DET
dem-4189	110	8	other	other	ADJ
dem-4189	110	9	developing	develop	VERB
dem-4189	110	10	and	and	CCONJ
dem-4189	110	11	developed	developed	ADJ
dem-4189	110	12	markets	market	NOUN
dem-4189	110	13	.	.	PUNCT
dem-4189	111	1	figures	figure	NOUN
dem-4189	111	2	4–10	4–10	PROPN
dem-4189	111	3	show	show	NOUN
dem-4189	111	4	decompositions	decomposition	NOUN
dem-4189	111	5	of	of	ADP
dem-4189	111	6	the	the	DET
dem-4189	111	7	wavelet	wavelet	NOUN
dem-4189	111	8	correlations	correlation	NOUN
dem-4189	111	9	.	.	PUNCT
dem-4189	112	1	there	there	PRON
dem-4189	112	2	are	be	VERB
dem-4189	112	3	very	very	ADV
dem-4189	112	4	strong	strong	ADJ
dem-4189	112	5	dependences	dependence	NOUN
dem-4189	112	6	present	present	ADJ
dem-4189	112	7	for	for	ADP
dem-4189	112	8	the	the	DET
dem-4189	112	9	developed	develop	VERB
dem-4189	112	10	capital	capital	NOUN
dem-4189	112	11	markets	market	NOUN
dem-4189	112	12	at	at	ADP
dem-4189	112	13	all	all	DET
dem-4189	112	14	investment	investment	NOUN
dem-4189	112	15	horizons	horizon	NOUN
dem-4189	112	16	.	.	PUNCT
dem-4189	113	1	the	the	DET
dem-4189	113	2	three	three	NUM
dem-4189	113	3	markets	market	NOUN
dem-4189	113	4	can	can	AUX
dem-4189	113	5	be	be	AUX
dem-4189	113	6	thought	think	VERB
dem-4189	113	7	of	of	ADP
dem-4189	113	8	as	as	ADP
dem-4189	113	9	a	a	DET
dem-4189	113	10	one	one	NUM
dem-4189	113	11	investment	investment	NOUN
dem-4189	113	12	possibility	possibility	NOUN
dem-4189	113	13	.	.	PUNCT
dem-4189	114	1	analyzing	analyze	VERB
dem-4189	114	2	correlations	correlation	NOUN
dem-4189	114	3	between	between	ADP
dem-4189	114	4	the	the	DET
dem-4189	114	5	developed	developed	ADJ
dem-4189	114	6	and	and	CCONJ
dem-4189	114	7	developing	develop	VERB
dem-4189	114	8	markets	market	NOUN
dem-4189	114	9	it	it	PRON
dem-4189	114	10	is	be	AUX
dem-4189	114	11	seen	see	VERB
dem-4189	114	12	that	that	SCONJ
dem-4189	114	13	the	the	DET
dem-4189	114	14	mature	mature	ADJ
dem-4189	114	15	markets	market	NOUN
dem-4189	114	16	significantly	significantly	ADV
dem-4189	114	17	influence	influence	VERB
dem-4189	114	18	the	the	DET
dem-4189	114	19	cee	cee	NOUN
dem-4189	114	20	stock	stock	NOUN
dem-4189	114	21	indices	index	NOUN
dem-4189	114	22	,	,	PUNCT
dem-4189	114	23	except	except	SCONJ
dem-4189	114	24	for	for	ADP
dem-4189	114	25	bratislava	bratislava	PROPN
dem-4189	114	26	and	and	CCONJ
dem-4189	114	27	for	for	ADP
dem-4189	114	28	longer	long	ADJ
dem-4189	114	29	horizons	horizon	NOUN
dem-4189	114	30	also	also	ADV
dem-4189	114	31	sofia	sofia	PROPN
dem-4189	114	32	.	.	PUNCT
dem-4189	115	1	one	one	NUM
dem-4189	115	2	important	important	ADJ
dem-4189	115	3	finding	finding	NOUN
dem-4189	115	4	is	be	AUX
dem-4189	115	5	the	the	DET
dem-4189	115	6	lack	lack	NOUN
dem-4189	115	7	of	of	ADP
dem-4189	115	8	systematic	systematic	ADJ
dem-4189	115	9	convergence	convergence	NOUN
dem-4189	115	10	of	of	ADP
dem-4189	115	11	the	the	DET
dem-4189	115	12	mature	mature	NOUN
dem-4189	115	13	and	and	CCONJ
dem-4189	115	14	the	the	DET
dem-4189	115	15	cee	cee	PROPN
dem-4189	115	16	mar	mar	PROPN
dem-4189	115	17	4	4	NUM
dem-4189	115	18	the	the	DET
dem-4189	115	19	local	local	ADJ
dem-4189	115	20	wavelet	wavelet	NOUN
dem-4189	115	21	variances	variance	NOUN
dem-4189	115	22	were	be	AUX
dem-4189	115	23	computed	compute	VERB
dem-4189	115	24	for	for	ADP
dem-4189	115	25	windows	window	NOUN
dem-4189	115	26	of	of	ADP
dem-4189	115	27	width	width	NOUN
dem-4189	115	28	100	100	NUM
dem-4189	115	29	after	after	ADP
dem-4189	115	30	aligning	align	VERB
dem-4189	115	31	them	they	PRON
dem-4189	115	32	with	with	ADP
dem-4189	115	33	the	the	DET
dem-4189	115	34	original	original	ADJ
dem-4189	115	35	data	datum	NOUN
dem-4189	115	36	and	and	CCONJ
dem-4189	115	37	exclusion	exclusion	NOUN
dem-4189	115	38	of	of	ADP
dem-4189	115	39	all	all	DET
dem-4189	115	40	wavelet	wavelet	NOUN
dem-4189	115	41	coefficients	coefficient	NOUN
dem-4189	115	42	affected	affect	VERB
dem-4189	115	43	by	by	ADP
dem-4189	115	44	the	the	DET
dem-4189	115	45	boundary	boundary	NOUN
dem-4189	115	46	(	(	PUNCT
dem-4189	115	47	the	the	DET
dem-4189	115	48	circular	circular	ADJ
dem-4189	115	49	filtering	filtering	NOUN
dem-4189	115	50	)	)	PUNCT
dem-4189	115	51	,	,	PUNCT
dem-4189	115	52	what	what	PRON
dem-4189	115	53	cut	cut	VERB
dem-4189	115	54	results	result	NOUN
dem-4189	115	55	at	at	ADP
dem-4189	115	56	the	the	DET
dem-4189	115	57	beginning	beginning	NOUN
dem-4189	115	58	and	and	CCONJ
dem-4189	115	59	the	the	DET
dem-4189	115	60	end	end	NOUN
dem-4189	115	61	of	of	ADP
dem-4189	115	62	the	the	DET
dem-4189	115	63	period	period	NOUN
dem-4189	115	64	and	and	CCONJ
dem-4189	115	65	is	be	AUX
dem-4189	115	66	especially	especially	ADV
dem-4189	115	67	pronounced	pronounce	VERB
dem-4189	115	68	for	for	ADP
dem-4189	115	69	higher	high	ADJ
dem-4189	115	70	resolution	resolution	NOUN
dem-4189	115	71	levels	level	NOUN
dem-4189	115	72	.	.	PUNCT
dem-4189	116	1	the	the	DET
dem-4189	116	2	number	number	NOUN
dem-4189	116	3	of	of	ADP
dem-4189	116	4	affected	affected	ADJ
dem-4189	116	5	coefficients	coefficient	NOUN
dem-4189	116	6	at	at	ADP
dem-4189	116	7	the	the	DET
dem-4189	116	8	beginning	beginning	NOUN
dem-4189	116	9	(	(	PUNCT
dem-4189	116	10	end	end	NOUN
dem-4189	116	11	)	)	PUNCT
dem-4189	116	12	of	of	ADP
dem-4189	116	13	the	the	DET
dem-4189	116	14	sample	sample	NOUN
dem-4189	116	15	for	for	ADP
dem-4189	116	16	the	the	DET
dem-4189	116	17	eight	eight	NUM
dem-4189	116	18	decomposition	decomposition	NOUN
dem-4189	116	19	levels	level	NOUN
dem-4189	116	20	is	be	AUX
dem-4189	116	21	,	,	PUNCT
dem-4189	116	22	respectively	respectively	ADV
dem-4189	116	23	,	,	PUNCT
dem-4189	116	24	3	3	NUM
dem-4189	116	25	(	(	PUNCT
dem-4189	116	26	4	4	NUM
dem-4189	116	27	)	)	PUNCT
dem-4189	116	28	,	,	PUNCT
dem-4189	116	29	10	10	NUM
dem-4189	116	30	(	(	PUNCT
dem-4189	116	31	11	11	NUM
dem-4189	116	32	)	)	PUNCT
dem-4189	116	33	,	,	PUNCT
dem-4189	116	34	24	24	NUM
dem-4189	116	35	(	(	PUNCT
dem-4189	116	36	25	25	NUM
dem-4189	116	37	)	)	PUNCT
dem-4189	116	38	,	,	PUNCT
dem-4189	116	39	52	52	NUM
dem-4189	116	40	(	(	PUNCT
dem-4189	116	41	53	53	NUM
dem-4189	116	42	)	)	PUNCT
dem-4189	116	43	,	,	PUNCT
dem-4189	116	44	108	108	NUM
dem-4189	116	45	(	(	PUNCT
dem-4189	116	46	109	109	NUM
dem-4189	116	47	)	)	PUNCT
dem-4189	116	48	,	,	PUNCT
dem-4189	116	49	220	220	NUM
dem-4189	116	50	(	(	PUNCT
dem-4189	116	51	221	221	NUM
dem-4189	116	52	)	)	PUNCT
dem-4189	116	53	,	,	PUNCT
dem-4189	116	54	444	444	NUM
dem-4189	116	55	(	(	PUNCT
dem-4189	116	56	445	445	NUM
dem-4189	116	57	)	)	PUNCT
dem-4189	116	58	,	,	PUNCT
dem-4189	116	59	892	892	NUM
dem-4189	116	60	(	(	PUNCT
dem-4189	116	61	893	893	NUM
dem-4189	116	62	)	)	PUNCT
dem-4189	116	63	.	.	PUNCT
dem-4189	117	1	european	european	ADJ
dem-4189	117	2	equity	equity	NOUN
dem-4189	117	3	market	market	NOUN
dem-4189	117	4	integration	integration	NOUN
dem-4189	117	5	and	and	CCONJ
dem-4189	117	6	optimal	optimal	ADJ
dem-4189	117	7	investment	investment	NOUN
dem-4189	117	8	horizons	horizon	NOUN
dem-4189	117	9	…	…	SYM
dem-4189	117	10	23	23	NUM
dem-4189	117	11	kets	ket	NOUN
dem-4189	117	12	:	:	PUNCT
dem-4189	117	13	in	in	ADP
dem-4189	117	14	the	the	DET
dem-4189	117	15	majority	majority	NOUN
dem-4189	117	16	of	of	ADP
dem-4189	117	17	cases	case	NOUN
dem-4189	117	18	the	the	DET
dem-4189	117	19	highest	high	ADJ
dem-4189	117	20	correlations	correlation	NOUN
dem-4189	117	21	occur	occur	VERB
dem-4189	117	22	in	in	ADP
dem-4189	117	23	the	the	DET
dem-4189	117	24	last	last	ADJ
dem-4189	117	25	period	period	NOUN
dem-4189	117	26	,	,	PUNCT
dem-4189	117	27	what	what	PRON
dem-4189	117	28	can	can	AUX
dem-4189	117	29	be	be	AUX
dem-4189	117	30	attributed	attribute	VERB
dem-4189	117	31	to	to	ADP
dem-4189	117	32	the	the	DET
dem-4189	117	33	contagion	contagion	NOUN
dem-4189	117	34	effects	effect	NOUN
dem-4189	117	35	on	on	ADP
dem-4189	117	36	the	the	DET
dem-4189	117	37	financial	financial	ADJ
dem-4189	117	38	markets	market	NOUN
dem-4189	117	39	,	,	PUNCT
dem-4189	117	40	while	while	SCONJ
dem-4189	117	41	the	the	DET
dem-4189	117	42	lowest	low	ADJ
dem-4189	117	43	are	be	AUX
dem-4189	117	44	usually	usually	ADV
dem-4189	117	45	in	in	ADP
dem-4189	117	46	the	the	DET
dem-4189	117	47	middle	middle	ADJ
dem-4189	117	48	subsample	subsample	NOUN
dem-4189	117	49	,	,	PUNCT
dem-4189	117	50	although	although	SCONJ
dem-4189	117	51	they	they	PRON
dem-4189	117	52	do	do	AUX
dem-4189	117	53	not	not	PART
dem-4189	117	54	differ	differ	VERB
dem-4189	117	55	significantly	significantly	ADV
dem-4189	117	56	from	from	ADP
dem-4189	117	57	those	those	PRON
dem-4189	117	58	computed	compute	VERB
dem-4189	117	59	for	for	ADP
dem-4189	117	60	the	the	DET
dem-4189	117	61	first	first	ADJ
dem-4189	117	62	period	period	NOUN
dem-4189	117	63	.	.	PUNCT
dem-4189	118	1	generally	generally	ADV
dem-4189	118	2	,	,	PUNCT
dem-4189	118	3	our	our	PRON
dem-4189	118	4	conclusion	conclusion	NOUN
dem-4189	118	5	is	be	AUX
dem-4189	118	6	that	that	SCONJ
dem-4189	118	7	we	we	PRON
dem-4189	118	8	do	do	AUX
dem-4189	118	9	not	not	PART
dem-4189	118	10	observe	observe	VERB
dem-4189	118	11	a	a	DET
dem-4189	118	12	uniformly	uniformly	ADV
dem-4189	118	13	increasing	increase	VERB
dem-4189	118	14	dependence	dependence	NOUN
dem-4189	118	15	between	between	ADP
dem-4189	118	16	these	these	DET
dem-4189	118	17	two	two	NUM
dem-4189	118	18	types	type	NOUN
dem-4189	118	19	of	of	ADP
dem-4189	118	20	markets	market	NOUN
dem-4189	118	21	.	.	PUNCT
dem-4189	119	1	this	this	DET
dem-4189	119	2	finding	finding	NOUN
dem-4189	119	3	has	have	AUX
dem-4189	119	4	been	be	AUX
dem-4189	119	5	also	also	ADV
dem-4189	119	6	confirmed	confirm	VERB
dem-4189	119	7	with	with	ADP
dem-4189	119	8	a	a	DET
dem-4189	119	9	more	more	ADV
dem-4189	119	10	detailed	detailed	ADJ
dem-4189	119	11	examination	examination	NOUN
dem-4189	119	12	with	with	ADP
dem-4189	119	13	the	the	DET
dem-4189	119	14	help	help	NOUN
dem-4189	119	15	of	of	ADP
dem-4189	119	16	the	the	DET
dem-4189	119	17	local	local	ADJ
dem-4189	119	18	wavelet	wavelet	NOUN
dem-4189	119	19	correlations	correlation	NOUN
dem-4189	119	20	analysis	analysis	NOUN
dem-4189	119	21	–	–	PUNCT
dem-4189	119	22	see	see	VERB
dem-4189	119	23	figure	figure	NOUN
dem-4189	119	24	9	9	NUM
dem-4189	119	25	–	–	PUNCT
dem-4189	119	26	that	that	PRON
dem-4189	119	27	was	be	AUX
dem-4189	119	28	executed	execute	VERB
dem-4189	119	29	for	for	ADP
dem-4189	119	30	data	datum	NOUN
dem-4189	119	31	windows	window	NOUN
dem-4189	119	32	of	of	ADP
dem-4189	119	33	length	length	NOUN
dem-4189	119	34	200	200	NUM
dem-4189	119	35	.	.	PUNCT
dem-4189	120	1	figure	figure	NOUN
dem-4189	120	2	1	1	NUM
dem-4189	120	3	.	.	PUNCT
dem-4189	120	4	results	result	NOUN
dem-4189	120	5	of	of	ADP
dem-4189	120	6	6	6	NUM
dem-4189	120	7	-	-	PUNCT
dem-4189	120	8	level	level	NOUN
dem-4189	120	9	wavelet	wavelet	NOUN
dem-4189	120	10	variance	variance	NOUN
dem-4189	120	11	decomposition	decomposition	NOUN
dem-4189	120	12	using	use	VERB
dem-4189	120	13	the	the	DET
dem-4189	120	14	la(8	la(8	NOUN
dem-4189	120	15	)	)	PUNCT
dem-4189	120	16	wavelet	wavelet	NOUN
dem-4189	120	17	filter	filter	NOUN
dem-4189	120	18	in	in	ADP
dem-4189	120	19	subsamples	subsample	NOUN
dem-4189	120	20	:	:	PUNCT
dem-4189	120	21	01.2002–04.2004	01.2002–04.2004	NUM
dem-4189	120	22	(	(	PUNCT
dem-4189	120	23	–	–	PUNCT
dem-4189	120	24	ο	ο	NOUN
dem-4189	120	25	–	–	PUNCT
dem-4189	120	26	)	)	PUNCT
dem-4189	120	27	,	,	PUNCT
dem-4189	120	28	05.2004–03.2007	05.2004–03.2007	NUM
dem-4189	120	29	(	(	PUNCT
dem-4189	120	30	–	–	PUNCT
dem-4189	120	31	–	–	PUNCT
dem-4189	120	32	)	)	PUNCT
dem-4189	120	33	,	,	PUNCT
dem-4189	120	34	04.2007–04.2009	04.2007–04.2009	X
dem-4189	120	35	(	(	PUNCT
dem-4189	120	36	–	–	PUNCT
dem-4189	120	37	∗	∗	NOUN
dem-4189	120	38	–	–	PUNCT
dem-4189	120	39	)	)	PUNCT
dem-4189	120	40	on	on	ADP
dem-4189	120	41	the	the	DET
dem-4189	120	42	other	other	ADJ
dem-4189	120	43	hand	hand	NOUN
dem-4189	120	44	,	,	PUNCT
dem-4189	120	45	a	a	DET
dem-4189	120	46	systematic	systematic	ADJ
dem-4189	120	47	rise	rise	NOUN
dem-4189	120	48	in	in	ADP
dem-4189	120	49	the	the	DET
dem-4189	120	50	degree	degree	NOUN
dem-4189	120	51	of	of	ADP
dem-4189	120	52	dependence	dependence	NOUN
dem-4189	120	53	is	be	AUX
dem-4189	120	54	found	find	VERB
dem-4189	120	55	for	for	ADP
dem-4189	120	56	three	three	NUM
dem-4189	120	57	of	of	ADP
dem-4189	120	58	the	the	DET
dem-4189	120	59	emerging	emerge	VERB
dem-4189	120	60	markets	market	NOUN
dem-4189	120	61	:	:	PUNCT
dem-4189	120	62	prague	prague	PROPN
dem-4189	120	63	,	,	PUNCT
dem-4189	120	64	budapest	budapest	PROPN
dem-4189	120	65	and	and	CCONJ
dem-4189	120	66	warsaw	warsaw	PROPN
dem-4189	120	67	,	,	PUNCT
dem-4189	120	68	what	what	PRON
dem-4189	120	69	is	be	AUX
dem-4189	120	70	especially	especially	ADV
dem-4189	120	71	pronounced	pronounce	VERB
dem-4189	120	72	for	for	ADP
dem-4189	120	73	the	the	DET
dem-4189	120	74	lowest	low	ADJ
dem-4189	120	75	decomposition	decomposition	NOUN
dem-4189	120	76	levels	level	NOUN
dem-4189	120	77	(	(	PUNCT
dem-4189	120	78	see	see	VERB
dem-4189	120	79	figure	figure	NOUN
dem-4189	120	80	10	10	NUM
dem-4189	120	81	)	)	PUNCT
dem-4189	120	82	.	.	PUNCT
dem-4189	121	1	besides	besides	SCONJ
dem-4189	121	2	there	there	PRON
dem-4189	121	3	are	be	VERB
dem-4189	121	4	also	also	ADV
dem-4189	121	5	significant	significant	ADJ
dem-4189	121	6	relationships	relationship	NOUN
dem-4189	121	7	between	between	ADP
dem-4189	121	8	these	these	DET
dem-4189	121	9	indices	index	NOUN
dem-4189	121	10	and	and	CCONJ
dem-4189	121	11	bet	bet	NOUN
dem-4189	121	12	,	,	PUNCT
dem-4189	121	13	while	while	SCONJ
dem-4189	121	14	sax	sax	PROPN
dem-4189	121	15	seem	seem	VERB
dem-4189	121	16	to	to	PART
dem-4189	121	17	be	be	AUX
dem-4189	121	18	uncorrelated	uncorrelate	VERB
dem-4189	121	19	with	with	ADP
dem-4189	121	20	all	all	DET
dem-4189	121	21	the	the	DET
dem-4189	121	22	other	other	ADJ
dem-4189	121	23	indices	index	NOUN
dem-4189	121	24	and	and	CCONJ
dem-4189	121	25	sofix	sofix	NOUN
dem-4189	121	26	is	be	AUX
dem-4189	121	27	best	well	ADV
dem-4189	121	28	correlated	correlate	VERB
dem-4189	121	29	with	with	ADP
dem-4189	121	30	dax	dax	PROPN
dem-4189	121	31	and	and	CCONJ
dem-4189	121	32	bet	bet	PROPN
dem-4189	121	33	.	.	PUNCT
dem-4189	122	1	figure	figure	NOUN
dem-4189	122	2	2	2	NUM
dem-4189	122	3	.	.	PUNCT
dem-4189	123	1	comparison	comparison	NOUN
dem-4189	123	2	of	of	ADP
dem-4189	123	3	wavelet	wavelet	NOUN
dem-4189	123	4	variance	variance	NOUN
dem-4189	123	5	in	in	ADP
dem-4189	123	6	subsamples	subsample	NOUN
dem-4189	123	7	together	together	ADV
dem-4189	123	8	with	with	ADP
dem-4189	123	9	the	the	DET
dem-4189	123	10	95	95	NUM
dem-4189	123	11	%	%	NOUN
dem-4189	123	12	confidence	confidence	NOUN
dem-4189	123	13	intervals	interval	NOUN
dem-4189	123	14	using	use	VERB
dem-4189	123	15	the	the	DET
dem-4189	123	16	la(8	la(8	NOUN
dem-4189	123	17	)	)	PUNCT
dem-4189	123	18	wavelet	wavelet	NOUN
dem-4189	123	19	filter	filter	NOUN
dem-4189	123	20	:	:	PUNCT
dem-4189	123	21	01.2002–04.2004	01.2002–04.2004	PROPN
dem-4189	123	22	(	(	PUNCT
dem-4189	123	23	–	–	PUNCT
dem-4189	123	24	ο	ο	NOUN
dem-4189	123	25	–	–	PUNCT
dem-4189	123	26	)	)	PUNCT
dem-4189	123	27	,	,	PUNCT
dem-4189	123	28	05.2004–03.2007	05.2004–03.2007	NUM
dem-4189	123	29	(	(	PUNCT
dem-4189	123	30	–	–	PUNCT
dem-4189	123	31	–	–	PUNCT
dem-4189	123	32	)	)	PUNCT
dem-4189	123	33	,	,	PUNCT
dem-4189	123	34	04.2007–04.2009(–∗	04.2007–04.2009(–∗	NUM
dem-4189	123	35	–	–	PUNCT
dem-4189	123	36	)	)	PUNCT
dem-4189	123	37	;	;	PUNCT
dem-4189	123	38	thick	thick	ADJ
dem-4189	123	39	lines	line	NOUN
dem-4189	123	40	correspond	correspond	VERB
dem-4189	123	41	to	to	ADP
dem-4189	123	42	the	the	DET
dem-4189	123	43	later	later	ADJ
dem-4189	123	44	periods	periods	ADP
dem-4189	123	45	european	european	ADJ
dem-4189	123	46	equity	equity	NOUN
dem-4189	123	47	market	market	NOUN
dem-4189	123	48	integration	integration	NOUN
dem-4189	123	49	and	and	CCONJ
dem-4189	123	50	optimal	optimal	ADJ
dem-4189	123	51	investment	investment	NOUN
dem-4189	123	52	horizons	horizon	NOUN
dem-4189	123	53	…	…	SYM
dem-4189	123	54	25	25	NUM
dem-4189	123	55	figure	figure	NOUN
dem-4189	123	56	3	3	NUM
dem-4189	123	57	.	.	PUNCT
dem-4189	124	1	local	local	ADJ
dem-4189	124	2	wavelet	wavelet	NOUN
dem-4189	124	3	variance	variance	NOUN
dem-4189	124	4	at	at	ADP
dem-4189	124	5	8	8	NUM
dem-4189	124	6	decomposition	decomposition	NOUN
dem-4189	124	7	levels	level	NOUN
dem-4189	124	8	for	for	ADP
dem-4189	124	9	dax	dax	PROPN
dem-4189	124	10	(	(	PUNCT
dem-4189	124	11	thick	thick	ADJ
dem-4189	124	12	solid	solid	ADJ
dem-4189	124	13	line	line	NOUN
dem-4189	124	14	)	)	PUNCT
dem-4189	124	15	and	and	CCONJ
dem-4189	124	16	wig	wig	NOUN
dem-4189	124	17	(	(	PUNCT
dem-4189	124	18	dashed	dash	VERB
dem-4189	124	19	line	line	NOUN
dem-4189	124	20	)	)	PUNCT
dem-4189	124	21	using	use	VERB
dem-4189	124	22	the	the	DET
dem-4189	124	23	la(8	la(8	NOUN
dem-4189	124	24	)	)	PUNCT
dem-4189	124	25	wavelet	wavelet	NOUN
dem-4189	124	26	filter	filter	NOUN
dem-4189	124	27	figure	figure	NOUN
dem-4189	124	28	4	4	NUM
dem-4189	124	29	.	.	PUNCT
dem-4189	124	30	results	result	NOUN
dem-4189	124	31	of	of	ADP
dem-4189	124	32	wavelet	wavelet	NOUN
dem-4189	124	33	correlation	correlation	NOUN
dem-4189	124	34	decompositions	decomposition	NOUN
dem-4189	124	35	together	together	ADV
dem-4189	124	36	with	with	ADP
dem-4189	124	37	the	the	DET
dem-4189	124	38	95	95	NUM
dem-4189	124	39	%	%	NOUN
dem-4189	124	40	confidence	confidence	NOUN
dem-4189	124	41	intervals	interval	NOUN
dem-4189	124	42	using	use	VERB
dem-4189	124	43	the	the	DET
dem-4189	124	44	la(8	la(8	NOUN
dem-4189	124	45	)	)	PUNCT
dem-4189	124	46	wavelet	wavelet	NOUN
dem-4189	124	47	filter	filter	NOUN
dem-4189	124	48	as	as	ADP
dem-4189	124	49	for	for	ADP
dem-4189	124	50	international	international	ADJ
dem-4189	124	51	portfolio	portfolio	NOUN
dem-4189	124	52	diversification	diversification	NOUN
dem-4189	124	53	very	very	ADV
dem-4189	124	54	promising	promising	ADJ
dem-4189	124	55	seem	seem	VERB
dem-4189	124	56	to	to	PART
dem-4189	124	57	be	be	AUX
dem-4189	124	58	the	the	DET
dem-4189	124	59	relationships	relationship	NOUN
dem-4189	124	60	between	between	ADP
dem-4189	124	61	ftse	ftse	NOUN
dem-4189	124	62	and	and	CCONJ
dem-4189	124	63	wig	wig	NOUN
dem-4189	124	64	as	as	ADV
dem-4189	124	65	well	well	ADV
dem-4189	124	66	as	as	ADP
dem-4189	124	67	cac	cac	PROPN
dem-4189	124	68	and	and	CCONJ
dem-4189	124	69	wig	wig	NOUN
dem-4189	124	70	,	,	PUNCT
dem-4189	124	71	especially	especially	ADV
dem-4189	124	72	for	for	ADP
dem-4189	124	73	long	long	ADJ
dem-4189	124	74	investment	investment	NOUN
dem-4189	124	75	horizons	horizon	NOUN
dem-4189	124	76	.	.	PUNCT
dem-4189	125	1	besides	besides	SCONJ
dem-4189	125	2	,	,	PUNCT
dem-4189	125	3	we	we	PRON
dem-4189	125	4	notice	notice	VERB
dem-4189	125	5	insignificant	insignificant	ADJ
dem-4189	125	6	wavelet	wavelet	NOUN
dem-4189	125	7	correlations	correlation	NOUN
dem-4189	125	8	of	of	ADP
dem-4189	125	9	px	px	PROPN
dem-4189	125	10	,	,	PUNCT
dem-4189	125	11	bux	bux	NOUN
dem-4189	125	12	and	and	CCONJ
dem-4189	125	13	wig	wig	NOUN
dem-4189	125	14	with	with	ADP
dem-4189	125	15	the	the	DET
dem-4189	125	16	indices	index	NOUN
dem-4189	125	17	from	from	ADP
dem-4189	125	18	sofia	sofia	PROPN
dem-4189	125	19	and	and	CCONJ
dem-4189	125	20	bratislava	bratislava	PROPN
dem-4189	125	21	.	.	PUNCT
dem-4189	126	1	for	for	ADP
dem-4189	126	2	the	the	DET
dem-4189	126	3	majority	majority	NOUN
dem-4189	126	4	of	of	ADP
dem-4189	126	5	pairs	pair	NOUN
dem-4189	126	6	of	of	ADP
dem-4189	126	7	indices	index	NOUN
dem-4189	126	8	the	the	DET
dem-4189	126	9	wavelet	wavelet	NOUN
dem-4189	126	10	correlations	correlation	NOUN
dem-4189	126	11	seem	seem	VERB
dem-4189	126	12	to	to	PART
dem-4189	126	13	be	be	AUX
dem-4189	126	14	homogenous	homogenous	ADJ
dem-4189	126	15	across	across	ADP
dem-4189	126	16	scales	scale	NOUN
dem-4189	126	17	,	,	PUNCT
dem-4189	126	18	except	except	SCONJ
dem-4189	126	19	for	for	ADP
dem-4189	126	20	the	the	DET
dem-4189	126	21	longest	long	ADJ
dem-4189	126	22	investment	investment	NOUN
dem-4189	126	23	horizons	horizon	NOUN
dem-4189	126	24	.	.	PUNCT
dem-4189	127	1	500	500	NUM
dem-4189	127	2	1000	1000	NUM
dem-4189	127	3	1500	1500	NUM
dem-4189	127	4	0	0	NUM
dem-4189	127	5	1	1	NUM
dem-4189	127	6	2	2	NUM
dem-4189	127	7	3	3	NUM
dem-4189	127	8	4	4	NUM
dem-4189	127	9	x	x	SYM
dem-4189	127	10	10	10	NUM
dem-4189	127	11	-	-	SYM
dem-4189	127	12	4	4	NUM
dem-4189	127	13	scale	scale	NOUN
dem-4189	127	14	1	1	NUM
dem-4189	127	15	500	500	NUM
dem-4189	127	16	1000	1000	NUM
dem-4189	127	17	1500	1500	NUM
dem-4189	127	18	0	0	NUM
dem-4189	127	19	1	1	NUM
dem-4189	127	20	2	2	NUM
dem-4189	127	21	3	3	NUM
dem-4189	127	22	4	4	NUM
dem-4189	127	23	x	x	SYM
dem-4189	127	24	10	10	NUM
dem-4189	127	25	-	-	SYM
dem-4189	127	26	4	4	NUM
dem-4189	127	27	scale	scale	NOUN
dem-4189	127	28	2	2	NUM
dem-4189	127	29	500	500	NUM
dem-4189	127	30	1000	1000	NUM
dem-4189	127	31	1500	1500	NUM
dem-4189	127	32	0	0	NUM
dem-4189	127	33	2	2	NUM
dem-4189	127	34	4	4	NUM
dem-4189	127	35	6	6	NUM
dem-4189	127	36	x	x	SYM
dem-4189	127	37	10	10	NUM
dem-4189	127	38	-	-	SYM
dem-4189	127	39	4	4	NUM
dem-4189	127	40	scale	scale	NOUN
dem-4189	127	41	4	4	NUM
dem-4189	127	42	500	500	NUM
dem-4189	127	43	1000	1000	NUM
dem-4189	127	44	1500	1500	NUM
dem-4189	127	45	0	0	NUM
dem-4189	127	46	0.5	0.5	NUM
dem-4189	127	47	1	1	NUM
dem-4189	127	48	x	x	SYM
dem-4189	127	49	10	10	NUM
dem-4189	127	50	-	-	SYM
dem-4189	127	51	3	3	NUM
dem-4189	127	52	scale	scale	NOUN
dem-4189	127	53	8	8	NUM
dem-4189	127	54	500	500	NUM
dem-4189	127	55	1000	1000	NUM
dem-4189	127	56	1500	1500	NUM
dem-4189	127	57	0	0	NUM
dem-4189	127	58	0.5	0.5	NUM
dem-4189	127	59	1	1	NUM
dem-4189	127	60	1.5	1.5	NUM
dem-4189	127	61	2	2	NUM
dem-4189	127	62	x	x	SYM
dem-4189	127	63	10	10	NUM
dem-4189	127	64	-	-	SYM
dem-4189	127	65	3	3	NUM
dem-4189	127	66	scale	scale	NOUN
dem-4189	127	67	16	16	NUM
dem-4189	127	68	500	500	NUM
dem-4189	127	69	1000	1000	NUM
dem-4189	127	70	1500	1500	NUM
dem-4189	127	71	0	0	NUM
dem-4189	127	72	1	1	NUM
dem-4189	127	73	2	2	NUM
dem-4189	127	74	3	3	NUM
dem-4189	127	75	x	x	SYM
dem-4189	127	76	10	10	NUM
dem-4189	127	77	-	-	SYM
dem-4189	127	78	3	3	NUM
dem-4189	127	79	scale	scale	NOUN
dem-4189	127	80	32	32	NUM
dem-4189	127	81	500	500	NUM
dem-4189	127	82	1000	1000	NUM
dem-4189	127	83	1500	1500	NUM
dem-4189	127	84	0	0	NUM
dem-4189	127	85	1	1	NUM
dem-4189	127	86	2	2	NUM
dem-4189	127	87	3	3	NUM
dem-4189	127	88	x	x	SYM
dem-4189	127	89	10	10	NUM
dem-4189	127	90	-	-	SYM
dem-4189	127	91	3	3	NUM
dem-4189	127	92	scale	scale	NOUN
dem-4189	127	93	64	64	NUM
dem-4189	127	94	500	500	NUM
dem-4189	127	95	1000	1000	NUM
dem-4189	127	96	1500	1500	NUM
dem-4189	127	97	0	0	NUM
dem-4189	127	98	0.005	0.005	NUM
dem-4189	127	99	0.01	0.01	NUM
dem-4189	127	100	0.015	0.015	NUM
dem-4189	127	101	scale	scale	NOUN
dem-4189	127	102	128	128	NUM
dem-4189	127	103	figure	figure	NOUN
dem-4189	127	104	5	5	NUM
dem-4189	127	105	.	.	PUNCT
dem-4189	127	106	results	result	NOUN
dem-4189	127	107	of	of	ADP
dem-4189	127	108	wavelet	wavelet	NOUN
dem-4189	127	109	correlation	correlation	NOUN
dem-4189	127	110	decompositions	decomposition	NOUN
dem-4189	127	111	(	(	PUNCT
dem-4189	127	112	continued	continued	ADJ
dem-4189	127	113	)	)	PUNCT
dem-4189	127	114	figure	figure	NOUN
dem-4189	127	115	6	6	NUM
dem-4189	127	116	.	.	PUNCT
dem-4189	127	117	results	result	NOUN
dem-4189	127	118	of	of	ADP
dem-4189	127	119	wavelet	wavelet	NOUN
dem-4189	127	120	correlation	correlation	NOUN
dem-4189	127	121	decompositions	decomposition	NOUN
dem-4189	127	122	in	in	ADP
dem-4189	127	123	subsamples	subsample	NOUN
dem-4189	127	124	using	use	VERB
dem-4189	127	125	the	the	DET
dem-4189	127	126	la(8	la(8	NOUN
dem-4189	127	127	)	)	PUNCT
dem-4189	127	128	wavelet	wavelet	NOUN
dem-4189	127	129	filter	filter	NOUN
dem-4189	127	130	:	:	PUNCT
dem-4189	127	131	01.2002–04.2004	01.2002–04.2004	PROPN
dem-4189	127	132	(	(	PUNCT
dem-4189	127	133	–	–	PUNCT
dem-4189	127	134	ο	ο	NOUN
dem-4189	127	135	–	–	PUNCT
dem-4189	127	136	)	)	PUNCT
dem-4189	127	137	,	,	PUNCT
dem-4189	127	138	05.2004–03.2007	05.2004–03.2007	NUM
dem-4189	127	139	(	(	PUNCT
dem-4189	127	140	–	–	PUNCT
dem-4189	127	141	–	–	PUNCT
dem-4189	127	142	)	)	PUNCT
dem-4189	127	143	,	,	PUNCT
dem-4189	127	144	04.2007–04.2009	04.2007–04.2009	X
dem-4189	127	145	(	(	PUNCT
dem-4189	127	146	–	–	PUNCT
dem-4189	127	147	∗	∗	NOUN
dem-4189	127	148	–	–	PUNCT
dem-4189	127	149	)	)	PUNCT
dem-4189	127	150	figure	figure	NOUN
dem-4189	127	151	7	7	NUM
dem-4189	127	152	.	.	PUNCT
dem-4189	127	153	comparison	comparison	NOUN
dem-4189	127	154	of	of	ADP
dem-4189	127	155	wavelet	wavelet	NOUN
dem-4189	127	156	correlations	correlation	NOUN
dem-4189	127	157	in	in	ADP
dem-4189	127	158	subsamples	subsample	NOUN
dem-4189	127	159	together	together	ADV
dem-4189	127	160	with	with	ADP
dem-4189	127	161	the	the	DET
dem-4189	127	162	95	95	NUM
dem-4189	127	163	%	%	NOUN
dem-4189	127	164	confidence	confidence	NOUN
dem-4189	127	165	intervals	interval	NOUN
dem-4189	127	166	using	use	VERB
dem-4189	127	167	the	the	DET
dem-4189	127	168	la(8	la(8	NOUN
dem-4189	127	169	)	)	PUNCT
dem-4189	127	170	wavelet	wavelet	NOUN
dem-4189	127	171	filter	filter	NOUN
dem-4189	127	172	:	:	PUNCT
dem-4189	127	173	01.2002–04.2004	01.2002–04.2004	PROPN
dem-4189	127	174	(	(	PUNCT
dem-4189	127	175	–	–	PUNCT
dem-4189	127	176	ο	ο	NOUN
dem-4189	127	177	–	–	PUNCT
dem-4189	127	178	)	)	PUNCT
dem-4189	127	179	,	,	PUNCT
dem-4189	127	180	05.2004–03.2007	05.2004–03.2007	NUM
dem-4189	127	181	(	(	PUNCT
dem-4189	127	182	–	–	PUNCT
dem-4189	127	183	–	–	PUNCT
dem-4189	127	184	)	)	PUNCT
dem-4189	127	185	,	,	PUNCT
dem-4189	127	186	04.2007–04.2009(–∗	04.2007–04.2009(–∗	NUM
dem-4189	127	187	–	–	PUNCT
dem-4189	127	188	)	)	PUNCT
dem-4189	127	189	;	;	PUNCT
dem-4189	127	190	thick	thick	ADJ
dem-4189	127	191	lines	line	NOUN
dem-4189	127	192	correspond	correspond	VERB
dem-4189	127	193	to	to	ADP
dem-4189	127	194	the	the	DET
dem-4189	127	195	later	late	ADJ
dem-4189	127	196	periods	period	NOUN
dem-4189	127	197	figure	figure	VERB
dem-4189	127	198	8	8	NUM
dem-4189	127	199	.	.	PUNCT
dem-4189	128	1	comparison	comparison	NOUN
dem-4189	128	2	of	of	ADP
dem-4189	128	3	wavelet	wavelet	NOUN
dem-4189	128	4	correlations	correlation	NOUN
dem-4189	128	5	in	in	ADP
dem-4189	128	6	subsamples	subsample	NOUN
dem-4189	128	7	(	(	PUNCT
dem-4189	128	8	continued	continued	ADJ
dem-4189	128	9	)	)	PUNCT
dem-4189	128	10	joanna	joanna	PROPN
dem-4189	128	11	bruzda	bruzda	PROPN
dem-4189	128	12	28	28	NUM
dem-4189	128	13	figure	figure	NOUN
dem-4189	128	14	9	9	NUM
dem-4189	128	15	.	.	PUNCT
dem-4189	129	1	local	local	ADJ
dem-4189	129	2	wavelet	wavelet	NOUN
dem-4189	129	3	correlations	correlation	NOUN
dem-4189	129	4	at	at	ADP
dem-4189	129	5	6	6	NUM
dem-4189	129	6	decomposition	decomposition	NOUN
dem-4189	129	7	levels	level	NOUN
dem-4189	129	8	for	for	ADP
dem-4189	129	9	the	the	DET
dem-4189	129	10	dax	dax	PROPN
dem-4189	129	11	-	-	PUNCT
dem-4189	129	12	wig	wig	NOUN
dem-4189	129	13	(	(	PUNCT
dem-4189	129	14	thick	thick	ADJ
dem-4189	129	15	solid	solid	ADJ
dem-4189	129	16	line	line	NOUN
dem-4189	129	17	)	)	PUNCT
dem-4189	129	18	and	and	CCONJ
dem-4189	129	19	ftse	ftse	NOUN
dem-4189	129	20	-	-	NOUN
dem-4189	129	21	wig	wig	NOUN
dem-4189	129	22	(	(	PUNCT
dem-4189	129	23	dashed	dash	VERB
dem-4189	129	24	line	line	NOUN
dem-4189	129	25	)	)	PUNCT
dem-4189	129	26	relationships	relationship	NOUN
dem-4189	129	27	using	use	VERB
dem-4189	129	28	the	the	DET
dem-4189	129	29	la(8	la(8	NOUN
dem-4189	129	30	)	)	PUNCT
dem-4189	129	31	wavelet	wavelet	NOUN
dem-4189	129	32	filter	filter	NOUN
dem-4189	129	33	figure	figure	NOUN
dem-4189	129	34	10	10	NUM
dem-4189	129	35	.	.	PUNCT
dem-4189	130	1	local	local	ADJ
dem-4189	130	2	wavelet	wavelet	NOUN
dem-4189	130	3	correlations	correlation	NOUN
dem-4189	130	4	at	at	ADP
dem-4189	130	5	6	6	NUM
dem-4189	130	6	decomposition	decomposition	NOUN
dem-4189	130	7	levels	level	NOUN
dem-4189	130	8	for	for	ADP
dem-4189	130	9	the	the	DET
dem-4189	130	10	bux	bux	NOUN
dem-4189	130	11	-	-	NOUN
dem-4189	130	12	wig	wig	NOUN
dem-4189	130	13	(	(	PUNCT
dem-4189	130	14	thick	thick	ADJ
dem-4189	130	15	solid	solid	ADJ
dem-4189	130	16	line	line	NOUN
dem-4189	130	17	)	)	PUNCT
dem-4189	130	18	and	and	CCONJ
dem-4189	130	19	px	px	NOUN
dem-4189	130	20	-	-	NOUN
dem-4189	130	21	wig	wig	NOUN
dem-4189	130	22	(	(	PUNCT
dem-4189	130	23	dashed	dash	VERB
dem-4189	130	24	line	line	NOUN
dem-4189	130	25	)	)	PUNCT
dem-4189	130	26	relationships	relationship	NOUN
dem-4189	130	27	using	use	VERB
dem-4189	130	28	the	the	DET
dem-4189	130	29	la(8	la(8	NOUN
dem-4189	130	30	)	)	PUNCT
dem-4189	130	31	wavelet	wavelet	NOUN
dem-4189	130	32	filter	filter	NOUN
dem-4189	130	33	4	4	NUM
dem-4189	130	34	.	.	PUNCT
dem-4189	131	1	conclusions	conclusion	NOUN
dem-4189	131	2	of	of	ADP
dem-4189	131	3	the	the	DET
dem-4189	131	4	countries	country	NOUN
dem-4189	131	5	investigated	investigate	VERB
dem-4189	131	6	an	an	DET
dem-4189	131	7	approximately	approximately	ADV
dem-4189	131	8	uniform	uniform	ADJ
dem-4189	131	9	rise	rise	NOUN
dem-4189	131	10	in	in	ADP
dem-4189	131	11	integration	integration	NOUN
dem-4189	131	12	takes	take	VERB
dem-4189	131	13	place	place	NOUN
dem-4189	131	14	for	for	ADP
dem-4189	131	15	the	the	DET
dem-4189	131	16	‘	'	PUNCT
dem-4189	131	17	big	big	ADJ
dem-4189	131	18	three	three	NUM
dem-4189	131	19	’	'	PUNCT
dem-4189	131	20	emerging	emerge	VERB
dem-4189	131	21	cee	cee	PROPN
dem-4189	131	22	equity	equity	NOUN
dem-4189	131	23	markets	market	NOUN
dem-4189	131	24	:	:	PUNCT
dem-4189	131	25	the	the	DET
dem-4189	131	26	czech	czech	PROPN
dem-4189	131	27	republic	republic	NOUN
dem-4189	131	28	,	,	PUNCT
dem-4189	131	29	hungary	hungary	PROPN
dem-4189	131	30	and	and	CCONJ
dem-4189	131	31	poland	poland	PROPN
dem-4189	131	32	.	.	PUNCT
dem-4189	132	1	we	we	PRON
dem-4189	132	2	do	do	AUX
dem-4189	132	3	not	not	PART
dem-4189	132	4	observe	observe	VERB
dem-4189	132	5	systematic	systematic	ADJ
dem-4189	132	6	convergence	convergence	NOUN
dem-4189	132	7	among	among	ADP
dem-4189	132	8	emerging	emerge	VERB
dem-4189	132	9	capital	capital	NOUN
dem-4189	132	10	markets	market	NOUN
dem-4189	132	11	and	and	CCONJ
dem-4189	132	12	the	the	DET
dem-4189	132	13	three	three	NUM
dem-4189	132	14	mature	mature	ADJ
dem-4189	132	15	stock	stock	NOUN
dem-4189	132	16	exchanges	exchange	NOUN
dem-4189	132	17	(	(	PUNCT
dem-4189	132	18	frankfurt	frankfurt	PROPN
dem-4189	132	19	,	,	PUNCT
dem-4189	132	20	london	london	PROPN
dem-4189	132	21	and	and	CCONJ
dem-4189	132	22	paris	paris	PROPN
dem-4189	132	23	)	)	PUNCT
dem-4189	132	24	,	,	PUNCT
dem-4189	132	25	as	as	SCONJ
dem-4189	132	26	the	the	DET
dem-4189	132	27	rise	rise	NOUN
dem-4189	132	28	in	in	ADP
dem-4189	132	29	the	the	DET
dem-4189	132	30	wavelet	wavelet	NOUN
dem-4189	132	31	correlations	correlation	NOUN
dem-4189	132	32	documented	document	VERB
dem-4189	132	33	for	for	ADP
dem-4189	132	34	the	the	DET
dem-4189	132	35	most	most	ADV
dem-4189	132	36	recent	recent	ADJ
dem-4189	132	37	data	datum	NOUN
dem-4189	132	38	investigated	investigate	VERB
dem-4189	132	39	can	can	AUX
dem-4189	132	40	be	be	AUX
dem-4189	132	41	explained	explain	VERB
dem-4189	132	42	by	by	ADP
dem-4189	132	43	contagion	contagion	NOUN
dem-4189	132	44	effects	effect	NOUN
dem-4189	132	45	on	on	ADP
dem-4189	132	46	financial	financial	ADJ
dem-4189	132	47	500	500	NUM
dem-4189	132	48	1000	1000	NUM
dem-4189	132	49	1500	1500	NUM
dem-4189	132	50	-1	-1	SYM
dem-4189	132	51	-0.5	-0.5	X
dem-4189	132	52	0	0	NUM
dem-4189	132	53	0.5	0.5	NUM
dem-4189	132	54	1	1	NUM
dem-4189	132	55	scale	scale	NOUN
dem-4189	132	56	1	1	NUM
dem-4189	132	57	500	500	NUM
dem-4189	132	58	1000	1000	NUM
dem-4189	132	59	1500	1500	NUM
dem-4189	132	60	-1	-1	SYM
dem-4189	132	61	-0.5	-0.5	X
dem-4189	132	62	0	0	NUM
dem-4189	132	63	0.5	0.5	NUM
dem-4189	132	64	1	1	NUM
dem-4189	132	65	scale	scale	NOUN
dem-4189	132	66	2	2	NUM
dem-4189	132	67	500	500	NUM
dem-4189	132	68	1000	1000	NUM
dem-4189	132	69	1500	1500	NUM
dem-4189	132	70	-1	-1	SYM
dem-4189	132	71	-0.5	-0.5	X
dem-4189	132	72	0	0	NUM
dem-4189	132	73	0.5	0.5	NUM
dem-4189	132	74	1	1	NUM
dem-4189	132	75	scale	scale	NOUN
dem-4189	132	76	4	4	NUM
dem-4189	132	77	500	500	NUM
dem-4189	132	78	1000	1000	NUM
dem-4189	132	79	1500	1500	NUM
dem-4189	132	80	-1	-1	SYM
dem-4189	132	81	-0.5	-0.5	X
dem-4189	132	82	0	0	NUM
dem-4189	132	83	0.5	0.5	NUM
dem-4189	132	84	1	1	NUM
dem-4189	132	85	scale	scale	NOUN
dem-4189	132	86	8	8	NUM
dem-4189	132	87	500	500	NUM
dem-4189	132	88	1000	1000	NUM
dem-4189	132	89	1500	1500	NUM
dem-4189	132	90	-1	-1	SYM
dem-4189	132	91	-0.5	-0.5	X
dem-4189	132	92	0	0	NUM
dem-4189	132	93	0.5	0.5	NUM
dem-4189	132	94	1	1	NUM
dem-4189	132	95	scale	scale	NOUN
dem-4189	132	96	16	16	NUM
dem-4189	132	97	500	500	NUM
dem-4189	132	98	1000	1000	NUM
dem-4189	132	99	1500	1500	NUM
dem-4189	132	100	-1	-1	SYM
dem-4189	132	101	-0.5	-0.5	X
dem-4189	132	102	0	0	NUM
dem-4189	132	103	0.5	0.5	NUM
dem-4189	132	104	1	1	NUM
dem-4189	132	105	scale	scale	NOUN
dem-4189	132	106	32	32	NUM
dem-4189	132	107	600	600	NUM
dem-4189	132	108	800	800	NUM
dem-4189	132	109	1000	1000	NUM
dem-4189	132	110	1200	1200	NUM
dem-4189	132	111	-1	-1	SYM
dem-4189	132	112	-0.5	-0.5	X
dem-4189	132	113	0	0	NUM
dem-4189	132	114	0.5	0.5	NUM
dem-4189	132	115	1	1	NUM
dem-4189	132	116	scale	scale	NOUN
dem-4189	132	117	64	64	NUM
dem-4189	132	118	500	500	NUM
dem-4189	132	119	1000	1000	NUM
dem-4189	132	120	1500	1500	NUM
dem-4189	132	121	-1	-1	SYM
dem-4189	132	122	-0.5	-0.5	X
dem-4189	132	123	0	0	NUM
dem-4189	132	124	0.5	0.5	NUM
dem-4189	132	125	1	1	NUM
dem-4189	132	126	scale	scale	NOUN
dem-4189	132	127	1	1	NUM
dem-4189	132	128	500	500	NUM
dem-4189	132	129	1000	1000	NUM
dem-4189	132	130	1500	1500	NUM
dem-4189	132	131	-1	-1	SYM
dem-4189	132	132	-0.5	-0.5	X
dem-4189	132	133	0	0	NUM
dem-4189	132	134	0.5	0.5	NUM
dem-4189	132	135	1	1	NUM
dem-4189	132	136	scale	scale	NOUN
dem-4189	132	137	2	2	NUM
dem-4189	132	138	500	500	NUM
dem-4189	132	139	1000	1000	NUM
dem-4189	132	140	1500	1500	NUM
dem-4189	132	141	-1	-1	SYM
dem-4189	132	142	-0.5	-0.5	X
dem-4189	132	143	0	0	NUM
dem-4189	132	144	0.5	0.5	NUM
dem-4189	132	145	1	1	NUM
dem-4189	132	146	scale	scale	NOUN
dem-4189	132	147	4	4	NUM
dem-4189	132	148	500	500	NUM
dem-4189	132	149	1000	1000	NUM
dem-4189	132	150	1500	1500	NUM
dem-4189	132	151	-1	-1	SYM
dem-4189	132	152	-0.5	-0.5	X
dem-4189	132	153	0	0	NUM
dem-4189	132	154	0.5	0.5	NUM
dem-4189	132	155	1	1	NUM
dem-4189	132	156	scale	scale	NOUN
dem-4189	132	157	8	8	NUM
dem-4189	132	158	500	500	NUM
dem-4189	132	159	1000	1000	NUM
dem-4189	132	160	1500	1500	NUM
dem-4189	132	161	-1	-1	SYM
dem-4189	132	162	-0.5	-0.5	X
dem-4189	132	163	0	0	NUM
dem-4189	132	164	0.5	0.5	NUM
dem-4189	132	165	1	1	NUM
dem-4189	132	166	scale	scale	NOUN
dem-4189	132	167	16	16	NUM
dem-4189	132	168	500	500	NUM
dem-4189	132	169	1000	1000	NUM
dem-4189	132	170	1500	1500	NUM
dem-4189	132	171	-1	-1	SYM
dem-4189	132	172	-0.5	-0.5	X
dem-4189	132	173	0	0	NUM
dem-4189	132	174	0.5	0.5	NUM
dem-4189	132	175	1	1	NUM
dem-4189	132	176	scale	scale	NOUN
dem-4189	132	177	32	32	NUM
dem-4189	132	178	600	600	NUM
dem-4189	132	179	800	800	NUM
dem-4189	132	180	1000	1000	NUM
dem-4189	132	181	1200	1200	NUM
dem-4189	132	182	-1	-1	SYM
dem-4189	132	183	-0.5	-0.5	X
dem-4189	132	184	0	0	NUM
dem-4189	132	185	0.5	0.5	NUM
dem-4189	132	186	1	1	NUM
dem-4189	132	187	scale	scale	NOUN
dem-4189	132	188	64	64	NUM
dem-4189	132	189	european	european	ADJ
dem-4189	132	190	equity	equity	NOUN
dem-4189	132	191	market	market	NOUN
dem-4189	132	192	integration	integration	NOUN
dem-4189	132	193	and	and	CCONJ
dem-4189	132	194	optimal	optimal	ADJ
dem-4189	132	195	investment	investment	NOUN
dem-4189	132	196	horizons	horizon	NOUN
dem-4189	132	197	…	…	SYM
dem-4189	132	198	29	29	NUM
dem-4189	132	199	markets	market	NOUN
dem-4189	132	200	.	.	PUNCT
dem-4189	133	1	our	our	PRON
dem-4189	133	2	empirical	empirical	ADJ
dem-4189	133	3	results	result	NOUN
dem-4189	133	4	point	point	VERB
dem-4189	133	5	out	out	ADP
dem-4189	133	6	a	a	DET
dem-4189	133	7	certain	certain	ADJ
dem-4189	133	8	kind	kind	NOUN
dem-4189	133	9	of	of	ADP
dem-4189	133	10	segmentation	segmentation	NOUN
dem-4189	133	11	of	of	ADP
dem-4189	133	12	cee	cee	NOUN
dem-4189	133	13	capital	capital	NOUN
dem-4189	133	14	markets	market	NOUN
dem-4189	133	15	,	,	PUNCT
dem-4189	133	16	although	although	SCONJ
dem-4189	133	17	these	these	DET
dem-4189	133	18	markets	market	NOUN
dem-4189	133	19	remain	remain	VERB
dem-4189	133	20	under	under	ADP
dem-4189	133	21	a	a	DET
dem-4189	133	22	significant	significant	ADJ
dem-4189	133	23	influence	influence	NOUN
dem-4189	133	24	of	of	ADP
dem-4189	133	25	the	the	DET
dem-4189	133	26	developed	develop	VERB
dem-4189	133	27	stock	stock	NOUN
dem-4189	133	28	exchanges	exchange	NOUN
dem-4189	133	29	.	.	PUNCT
dem-4189	134	1	so	so	ADV
dem-4189	134	2	,	,	PUNCT
dem-4189	134	3	it	it	PRON
dem-4189	134	4	seems	seem	VERB
dem-4189	134	5	that	that	SCONJ
dem-4189	134	6	in	in	ADP
dem-4189	134	7	the	the	DET
dem-4189	134	8	rather	rather	ADV
dem-4189	134	9	short	short	ADJ
dem-4189	134	10	postaccession	postaccession	NOUN
dem-4189	134	11	period	period	NOUN
dem-4189	134	12	the	the	DET
dem-4189	134	13	developing	develop	VERB
dem-4189	134	14	capital	capital	NOUN
dem-4189	134	15	markets	market	NOUN
dem-4189	134	16	do	do	AUX
dem-4189	134	17	not	not	PART
dem-4189	134	18	face	face	VERB
dem-4189	134	19	the	the	DET
dem-4189	134	20	eu	eu	PROPN
dem-4189	134	21	’s	’s	PART
dem-4189	134	22	effect	effect	NOUN
dem-4189	134	23	yet	yet	ADV
dem-4189	134	24	.	.	PUNCT
dem-4189	135	1	the	the	DET
dem-4189	135	2	distribution	distribution	NOUN
dem-4189	135	3	of	of	ADP
dem-4189	135	4	wavelet	wavelet	NOUN
dem-4189	135	5	correlations	correlation	NOUN
dem-4189	135	6	across	across	ADP
dem-4189	135	7	scales	scale	NOUN
dem-4189	135	8	is	be	AUX
dem-4189	135	9	relatively	relatively	ADV
dem-4189	135	10	homogenous	homogenous	ADJ
dem-4189	135	11	.	.	PUNCT
dem-4189	136	1	departures	departure	NOUN
dem-4189	136	2	from	from	ADP
dem-4189	136	3	homogeneity	homogeneity	NOUN
dem-4189	136	4	take	take	NOUN
dem-4189	136	5	usually	usually	ADV
dem-4189	136	6	place	place	VERB
dem-4189	136	7	for	for	ADP
dem-4189	136	8	longer	long	ADJ
dem-4189	136	9	horizons	horizon	NOUN
dem-4189	136	10	and	and	CCONJ
dem-4189	136	11	have	have	VERB
dem-4189	136	12	the	the	DET
dem-4189	136	13	form	form	NOUN
dem-4189	136	14	of	of	ADP
dem-4189	136	15	bidirectional	bidirectional	ADJ
dem-4189	136	16	deviations	deviation	NOUN
dem-4189	136	17	.	.	PUNCT
dem-4189	137	1	for	for	ADP
dem-4189	137	2	certain	certain	ADJ
dem-4189	137	3	pairs	pair	NOUN
dem-4189	137	4	of	of	ADP
dem-4189	137	5	indices	index	NOUN
dem-4189	137	6	we	we	PRON
dem-4189	137	7	found	find	VERB
dem-4189	137	8	significantly	significantly	ADV
dem-4189	137	9	negative	negative	ADJ
dem-4189	137	10	wavelet	wavelet	NOUN
dem-4189	137	11	correlations	correlation	NOUN
dem-4189	137	12	for	for	ADP
dem-4189	137	13	the	the	DET
dem-4189	137	14	longest	long	ADJ
dem-4189	137	15	investment	investment	NOUN
dem-4189	137	16	horizons	horizon	NOUN
dem-4189	137	17	investigated	investigate	VERB
dem-4189	137	18	.	.	PUNCT
dem-4189	138	1	this	this	PRON
dem-4189	138	2	makes	make	VERB
dem-4189	138	3	it	it	PRON
dem-4189	138	4	possible	possible	ADJ
dem-4189	138	5	substantially	substantially	ADV
dem-4189	138	6	to	to	PART
dem-4189	138	7	reduce	reduce	VERB
dem-4189	138	8	portfolio	portfolio	NOUN
dem-4189	138	9	returns	return	NOUN
dem-4189	138	10	variability	variability	NOUN
dem-4189	138	11	by	by	ADP
dem-4189	138	12	international	international	ADJ
dem-4189	138	13	portfolio	portfolio	NOUN
dem-4189	138	14	diversification	diversification	NOUN
dem-4189	138	15	.	.	PUNCT
dem-4189	139	1	for	for	ADP
dem-4189	139	2	shorter	short	ADJ
dem-4189	139	3	investments	investment	NOUN
dem-4189	139	4	zero	zero	NUM
dem-4189	139	5	or	or	CCONJ
dem-4189	139	6	even	even	ADV
dem-4189	139	7	negative	negative	ADJ
dem-4189	139	8	wavelet	wavelet	NOUN
dem-4189	139	9	correlations	correlation	NOUN
dem-4189	139	10	have	have	AUX
dem-4189	139	11	been	be	AUX
dem-4189	139	12	found	find	VERB
dem-4189	139	13	with	with	ADP
dem-4189	139	14	the	the	DET
dem-4189	139	15	sax	sax	PROPN
dem-4189	139	16	and	and	CCONJ
dem-4189	139	17	sofix	sofix	NOUN
dem-4189	139	18	indices	index	NOUN
dem-4189	139	19	.	.	PUNCT
dem-4189	140	1	generally	generally	ADV
dem-4189	140	2	,	,	PUNCT
dem-4189	140	3	the	the	DET
dem-4189	140	4	fast	fast	ADJ
dem-4189	140	5	development	development	NOUN
dem-4189	140	6	of	of	ADP
dem-4189	140	7	central	central	ADJ
dem-4189	140	8	and	and	CCONJ
dem-4189	140	9	eastern	eastern	ADJ
dem-4189	140	10	european	european	PROPN
dem-4189	140	11	equity	equity	NOUN
dem-4189	140	12	markets	market	NOUN
dem-4189	140	13	is	be	AUX
dem-4189	140	14	accompanied	accompany	VERB
dem-4189	140	15	by	by	ADP
dem-4189	140	16	a	a	DET
dem-4189	140	17	relatively	relatively	ADV
dem-4189	140	18	moderate	moderate	ADJ
dem-4189	140	19	risk	risk	NOUN
dem-4189	140	20	for	for	ADP
dem-4189	140	21	mediumterm	mediumterm	NOUN
dem-4189	140	22	investments	investment	NOUN
dem-4189	140	23	,	,	PUNCT
dem-4189	140	24	with	with	ADP
dem-4189	140	25	rapid	rapid	ADJ
dem-4189	140	26	changes	change	NOUN
dem-4189	140	27	in	in	ADP
dem-4189	140	28	volatility	volatility	NOUN
dem-4189	140	29	.	.	PUNCT
dem-4189	141	1	references	reference	NOUN
dem-4189	141	2	bessler	bessler	PROPN
dem-4189	141	3	,	,	PUNCT
dem-4189	141	4	d.	d.	PROPN
dem-4189	141	5	a.	a.	PROPN
dem-4189	141	6	,	,	PUNCT
dem-4189	141	7	yang	yang	PROPN
dem-4189	141	8	,	,	PUNCT
dem-4189	141	9	j.	j.	PROPN
dem-4189	141	10	(	(	PUNCT
dem-4189	141	11	2003	2003	NUM
dem-4189	141	12	)	)	PUNCT
dem-4189	141	13	,	,	PUNCT
dem-4189	141	14	the	the	DET
dem-4189	141	15	structure	structure	NOUN
dem-4189	141	16	of	of	ADP
dem-4189	141	17	interdependence	interdependence	NOUN
dem-4189	141	18	in	in	ADP
dem-4189	141	19	international	international	ADJ
dem-4189	141	20	stock	stock	NOUN
dem-4189	141	21	markets	market	NOUN
dem-4189	141	22	,	,	PUNCT
dem-4189	141	23	journal	journal	NOUN
dem-4189	141	24	of	of	ADP
dem-4189	141	25	international	international	ADJ
dem-4189	141	26	money	money	NOUN
dem-4189	141	27	and	and	CCONJ
dem-4189	141	28	finance	finance	NOUN
dem-4189	141	29	,	,	PUNCT
dem-4189	141	30	22	22	NUM
dem-4189	141	31	,	,	PUNCT
dem-4189	141	32	261–287	261–287	NUM
dem-4189	141	33	.	.	PUNCT
dem-4189	142	1	chelley	chelley	NOUN
dem-4189	142	2	-	-	PUNCT
dem-4189	142	3	steeley	steeley	NOUN
dem-4189	142	4	,	,	PUNCT
dem-4189	142	5	p.	p.	NOUN
dem-4189	142	6	l.	l.	PROPN
dem-4189	142	7	(	(	PUNCT
dem-4189	142	8	2005	2005	NUM
dem-4189	142	9	)	)	PUNCT
dem-4189	142	10	,	,	PUNCT
dem-4189	142	11	modelling	model	VERB
dem-4189	142	12	equity	equity	NOUN
dem-4189	142	13	market	market	NOUN
dem-4189	142	14	integration	integration	NOUN
dem-4189	142	15	using	use	VERB
dem-4189	142	16	smooth	smooth	ADJ
dem-4189	142	17	transition	transition	NOUN
dem-4189	142	18	analysis	analysis	NOUN
dem-4189	142	19	:	:	PUNCT
dem-4189	142	20	a	a	DET
dem-4189	142	21	study	study	NOUN
dem-4189	142	22	of	of	ADP
dem-4189	142	23	eastern	eastern	ADJ
dem-4189	142	24	european	european	ADJ
dem-4189	142	25	stock	stock	NOUN
dem-4189	142	26	markets	market	NOUN
dem-4189	142	27	,	,	PUNCT
dem-4189	142	28	journal	journal	NOUN
dem-4189	142	29	of	of	ADP
dem-4189	142	30	international	international	ADJ
dem-4189	142	31	money	money	NOUN
dem-4189	142	32	and	and	CCONJ
dem-4189	142	33	finance	finance	NOUN
dem-4189	142	34	,	,	PUNCT
dem-4189	142	35	24	24	NUM
dem-4189	142	36	,	,	PUNCT
dem-4189	142	37	818–831	818–831	NUM
dem-4189	142	38	.	.	PUNCT
dem-4189	143	1	connor	connor	PROPN
dem-4189	143	2	,	,	PUNCT
dem-4189	143	3	j.	j.	PROPN
dem-4189	143	4	,	,	PUNCT
dem-4189	143	5	rossiter	rossiter	PROPN
dem-4189	143	6	,	,	PUNCT
dem-4189	143	7	r.	r.	PROPN
dem-4189	143	8	(	(	PUNCT
dem-4189	143	9	2005	2005	NUM
dem-4189	143	10	)	)	PUNCT
dem-4189	143	11	,	,	PUNCT
dem-4189	143	12	wavelet	wavelet	NOUN
dem-4189	143	13	transforms	transform	VERB
dem-4189	143	14	and	and	CCONJ
dem-4189	143	15	commodity	commodity	NOUN
dem-4189	143	16	prices	price	NOUN
dem-4189	143	17	,	,	PUNCT
dem-4189	143	18	studies	study	NOUN
dem-4189	143	19	in	in	ADP
dem-4189	143	20	nonlinear	nonlinear	ADJ
dem-4189	143	21	dynamic	dynamic	ADJ
dem-4189	143	22	and	and	CCONJ
dem-4189	143	23	econometrics	econometric	NOUN
dem-4189	143	24	,	,	PUNCT
dem-4189	143	25	9	9	NUM
dem-4189	143	26	(	(	PUNCT
dem-4189	143	27	1	1	NUM
dem-4189	143	28	)	)	PUNCT
dem-4189	143	29	,	,	PUNCT
dem-4189	143	30	article	article	NOUN
dem-4189	143	31	6	6	NUM
dem-4189	143	32	.	.	PUNCT
dem-4189	143	33	demary	demary	ADJ
dem-4189	143	34	,	,	PUNCT
dem-4189	143	35	m.	m.	NOUN
dem-4189	143	36	(	(	PUNCT
dem-4189	143	37	2009	2009	NUM
dem-4189	143	38	)	)	PUNCT
dem-4189	143	39	,	,	PUNCT
dem-4189	143	40	transaction	transaction	NOUN
dem-4189	143	41	taxes	taxis	NOUN
dem-4189	143	42	and	and	CCONJ
dem-4189	143	43	traders	trader	NOUN
dem-4189	143	44	with	with	ADP
dem-4189	143	45	heterogeneous	heterogeneous	ADJ
dem-4189	143	46	investment	investment	NOUN
dem-4189	143	47	horizons	horizon	NOUN
dem-4189	143	48	in	in	ADP
dem-4189	143	49	an	an	DET
dem-4189	143	50	agent	agent	NOUN
dem-4189	143	51	-	-	PUNCT
dem-4189	143	52	based	base	VERB
dem-4189	143	53	financial	financial	ADJ
dem-4189	143	54	market	market	NOUN
dem-4189	143	55	model	model	NOUN
dem-4189	143	56	,	,	PUNCT
dem-4189	143	57	economics	economic	NOUN
dem-4189	143	58	.	.	PUNCT
dem-4189	144	1	the	the	DET
dem-4189	144	2	open	open	ADJ
dem-4189	144	3	-	-	PUNCT
dem-4189	144	4	access	access	NOUN
dem-4189	144	5	,	,	PUNCT
dem-4189	144	6	open	open	ADJ
dem-4189	144	7	-	-	PUNCT
dem-4189	144	8	assessment	assessment	NOUN
dem-4189	144	9	e	e	NOUN
dem-4189	144	10	-	-	NOUN
dem-4189	144	11	journal	journal	ADJ
dem-4189	144	12	,	,	PUNCT
dem-4189	144	13	discussion	discussion	NOUN
dem-4189	144	14	paper	paper	NOUN
dem-4189	144	15	no	no	INTJ
dem-4189	144	16	.	.	PUNCT
dem-4189	145	1	2009–47	2009–47	NOUN
dem-4189	145	2	.	.	PUNCT
dem-4189	146	1	fratzscher	fratzscher	NOUN
dem-4189	146	2	,	,	PUNCT
dem-4189	146	3	m.	m.	NOUN
dem-4189	146	4	(	(	PUNCT
dem-4189	146	5	2002	2002	NUM
dem-4189	146	6	)	)	PUNCT
dem-4189	146	7	,	,	PUNCT
dem-4189	146	8	financial	financial	ADJ
dem-4189	146	9	market	market	NOUN
dem-4189	146	10	integration	integration	NOUN
dem-4189	146	11	in	in	ADP
dem-4189	146	12	europe	europe	PROPN
dem-4189	146	13	:	:	PUNCT
dem-4189	146	14	on	on	ADP
dem-4189	146	15	the	the	DET
dem-4189	146	16	effects	effect	NOUN
dem-4189	146	17	of	of	ADP
dem-4189	146	18	emu	emu	PROPN
dem-4189	146	19	on	on	ADP
dem-4189	146	20	stock	stock	NOUN
dem-4189	146	21	markets	market	NOUN
dem-4189	146	22	,	,	PUNCT
dem-4189	146	23	international	international	ADJ
dem-4189	146	24	journal	journal	NOUN
dem-4189	146	25	of	of	ADP
dem-4189	146	26	finance	finance	NOUN
dem-4189	146	27	and	and	CCONJ
dem-4189	146	28	economics	economic	NOUN
dem-4189	146	29	,	,	PUNCT
dem-4189	146	30	7	7	NUM
dem-4189	146	31	,	,	PUNCT
dem-4189	146	32	165–193	165–193	NUM
dem-4189	146	33	.	.	PUNCT
dem-4189	147	1	gençay	gençay	PROPN
dem-4189	147	2	,	,	PUNCT
dem-4189	147	3	r.	r.	PROPN
dem-4189	147	4	f.	f.	PROPN
dem-4189	147	5	,	,	PUNCT
dem-4189	147	6	selçuk	selçuk	PROPN
dem-4189	147	7	,	,	PUNCT
dem-4189	147	8	f.	f.	PROPN
dem-4189	147	9	,	,	PUNCT
dem-4189	147	10	whitcher	whitcher	NOUN
dem-4189	147	11	,	,	PUNCT
dem-4189	147	12	b.	b.	PROPN
dem-4189	147	13	(	(	PUNCT
dem-4189	147	14	2002	2002	NUM
dem-4189	147	15	)	)	PUNCT
dem-4189	147	16	,	,	PUNCT
dem-4189	147	17	an	an	DET
dem-4189	147	18	introduction	introduction	NOUN
dem-4189	147	19	to	to	ADP
dem-4189	147	20	wavelets	wavelet	NOUN
dem-4189	147	21	and	and	CCONJ
dem-4189	147	22	other	other	ADJ
dem-4189	147	23	filtering	filter	VERB
dem-4189	147	24	methods	method	NOUN
dem-4189	147	25	in	in	ADP
dem-4189	147	26	finance	finance	NOUN
dem-4189	147	27	and	and	CCONJ
dem-4189	147	28	economics	economic	NOUN
dem-4189	147	29	,	,	PUNCT
dem-4189	147	30	academic	academic	ADJ
dem-4189	147	31	press	press	NOUN
dem-4189	147	32	,	,	PUNCT
dem-4189	147	33	san	san	PROPN
dem-4189	147	34	diego	diego	PROPN
dem-4189	147	35	.	.	PUNCT
dem-4189	148	1	gilmore	gilmore	PROPN
dem-4189	148	2	,	,	PUNCT
dem-4189	148	3	c.	c.	PROPN
dem-4189	148	4	g.	g.	PROPN
dem-4189	148	5	,	,	PUNCT
dem-4189	148	6	lucey	lucey	PROPN
dem-4189	148	7	,	,	PUNCT
dem-4189	148	8	b.	b.	PROPN
dem-4189	148	9	m.	m.	PROPN
dem-4189	148	10	,	,	PUNCT
dem-4189	148	11	mcmanus	mcmanus	PROPN
dem-4189	148	12	,	,	PUNCT
dem-4189	148	13	g.	g.	PROPN
dem-4189	148	14	m.	m.	PROPN
dem-4189	148	15	(	(	PUNCT
dem-4189	148	16	2008	2008	NUM
dem-4189	148	17	)	)	PUNCT
dem-4189	148	18	,	,	PUNCT
dem-4189	148	19	the	the	DET
dem-4189	148	20	dynamics	dynamic	NOUN
dem-4189	148	21	of	of	ADP
dem-4189	148	22	the	the	DET
dem-4189	148	23	central	central	ADJ
dem-4189	148	24	european	european	PROPN
dem-4189	148	25	equity	equity	NOUN
dem-4189	148	26	market	market	NOUN
dem-4189	148	27	comovements	comovement	NOUN
dem-4189	148	28	,	,	PUNCT
dem-4189	148	29	quarterly	quarterly	ADJ
dem-4189	148	30	review	review	NOUN
dem-4189	148	31	of	of	ADP
dem-4189	148	32	economics	economic	NOUN
dem-4189	148	33	and	and	CCONJ
dem-4189	148	34	finance	finance	NOUN
dem-4189	148	35	,	,	PUNCT
dem-4189	148	36	48	48	NUM
dem-4189	148	37	,	,	PUNCT
dem-4189	148	38	605–622	605–622	NUM
dem-4189	148	39	.	.	PUNCT
dem-4189	149	1	hardouvelis	hardouvelis	PROPN
dem-4189	149	2	,	,	PUNCT
dem-4189	149	3	g.	g.	PROPN
dem-4189	149	4	a.	a.	PROPN
dem-4189	149	5	,	,	PUNCT
dem-4189	149	6	malliaropulos	malliaropulos	PROPN
dem-4189	149	7	,	,	PUNCT
dem-4189	149	8	d.	d.	PROPN
dem-4189	149	9	,	,	PUNCT
dem-4189	149	10	priestley	priestley	PROPN
dem-4189	149	11	,	,	PUNCT
dem-4189	149	12	r.	r.	PROPN
dem-4189	149	13	(	(	PUNCT
dem-4189	149	14	2006	2006	NUM
dem-4189	149	15	)	)	PUNCT
dem-4189	149	16	,	,	PUNCT
dem-4189	149	17	emu	emu	PROPN
dem-4189	149	18	and	and	CCONJ
dem-4189	149	19	european	european	ADJ
dem-4189	149	20	stock	stock	NOUN
dem-4189	149	21	market	market	NOUN
dem-4189	149	22	integration	integration	NOUN
dem-4189	149	23	,	,	PUNCT
dem-4189	149	24	journal	journal	NOUN
dem-4189	149	25	of	of	ADP
dem-4189	149	26	business	business	NOUN
dem-4189	149	27	,	,	PUNCT
dem-4189	149	28	79	79	NUM
dem-4189	149	29	,	,	PUNCT
dem-4189	149	30	365–392	365–392	NUM
dem-4189	149	31	.	.	PUNCT
dem-4189	149	32	harrison	harrison	PROPN
dem-4189	149	33	,	,	PUNCT
dem-4189	149	34	b.	b.	PROPN
dem-4189	149	35	,	,	PUNCT
dem-4189	149	36	moore	moore	PROPN
dem-4189	149	37	,	,	PUNCT
dem-4189	149	38	w.	w.	PROPN
dem-4189	149	39	(	(	PUNCT
dem-4189	149	40	2009	2009	NUM
dem-4189	149	41	)	)	PUNCT
dem-4189	149	42	,	,	PUNCT
dem-4189	149	43	spillover	spillover	VERB
dem-4189	149	44	effects	effect	NOUN
dem-4189	149	45	from	from	ADP
dem-4189	149	46	london	london	PROPN
dem-4189	149	47	and	and	CCONJ
dem-4189	149	48	frankfurt	frankfurt	PROPN
dem-4189	149	49	to	to	ADP
dem-4189	149	50	central	central	ADJ
dem-4189	149	51	and	and	CCONJ
dem-4189	149	52	eastern	eastern	ADJ
dem-4189	149	53	european	european	ADJ
dem-4189	149	54	stock	stock	NOUN
dem-4189	149	55	markets	market	NOUN
dem-4189	149	56	,	,	PUNCT
dem-4189	149	57	applied	apply	VERB
dem-4189	149	58	financial	financial	ADJ
dem-4189	149	59	economics	economic	NOUN
dem-4189	149	60	,	,	PUNCT
dem-4189	149	61	19	19	NUM
dem-4189	149	62	,	,	PUNCT
dem-4189	149	63	1509–1521	1509–1521	NUM
dem-4189	149	64	.	.	PUNCT
dem-4189	150	1	kim	kim	PROPN
dem-4189	150	2	,	,	PUNCT
dem-4189	150	3	s.	s.	PROPN
dem-4189	150	4	j.	j.	PROPN
dem-4189	150	5	,	,	PUNCT
dem-4189	150	6	moshirian	moshirian	PROPN
dem-4189	150	7	,	,	PUNCT
dem-4189	150	8	f.	f.	PROPN
dem-4189	150	9	,	,	PUNCT
dem-4189	150	10	wu	wu	PROPN
dem-4189	150	11	,	,	PUNCT
dem-4189	150	12	e.	e.	PROPN
dem-4189	150	13	(	(	PUNCT
dem-4189	150	14	2005	2005	NUM
dem-4189	150	15	)	)	PUNCT
dem-4189	150	16	,	,	PUNCT
dem-4189	150	17	dynamic	dynamic	ADJ
dem-4189	150	18	stock	stock	NOUN
dem-4189	150	19	market	market	NOUN
dem-4189	150	20	integration	integration	NOUN
dem-4189	150	21	driven	drive	VERB
dem-4189	150	22	by	by	ADP
dem-4189	150	23	the	the	DET
dem-4189	150	24	european	european	PROPN
dem-4189	150	25	monetary	monetary	PROPN
dem-4189	150	26	union	union	PROPN
dem-4189	150	27	:	:	PUNCT
dem-4189	150	28	an	an	DET
dem-4189	150	29	empirical	empirical	ADJ
dem-4189	150	30	analysis	analysis	NOUN
dem-4189	150	31	,	,	PUNCT
dem-4189	150	32	journal	journal	NOUN
dem-4189	150	33	of	of	ADP
dem-4189	150	34	banking	banking	NOUN
dem-4189	150	35	and	and	CCONJ
dem-4189	150	36	finance	finance	NOUN
dem-4189	150	37	,	,	PUNCT
dem-4189	150	38	29	29	NUM
dem-4189	150	39	,	,	PUNCT
dem-4189	150	40	2475	2475	NUM
dem-4189	150	41	–	–	PUNCT
dem-4189	150	42	2502	2502	NUM
dem-4189	150	43	.	.	PUNCT
dem-4189	151	1	longin	longin	PROPN
dem-4189	151	2	,	,	PUNCT
dem-4189	151	3	f.	f.	PROPN
dem-4189	151	4	,	,	PUNCT
dem-4189	151	5	solnik	solnik	X
dem-4189	151	6	,	,	PUNCT
dem-4189	151	7	b.	b.	PROPN
dem-4189	151	8	(	(	PUNCT
dem-4189	151	9	1995	1995	NUM
dem-4189	151	10	)	)	PUNCT
dem-4189	151	11	,	,	PUNCT
dem-4189	151	12	is	be	AUX
dem-4189	151	13	the	the	DET
dem-4189	151	14	correlation	correlation	NOUN
dem-4189	151	15	in	in	ADP
dem-4189	151	16	international	international	ADJ
dem-4189	151	17	equity	equity	NOUN
dem-4189	151	18	returns	return	NOUN
dem-4189	151	19	constant:1960	constant:1960	VERB
dem-4189	151	20	–	–	PUNCT
dem-4189	151	21	1990	1990	NUM
dem-4189	151	22	?	?	PUNCT
dem-4189	151	23	,	,	PUNCT
dem-4189	151	24	journal	journal	NOUN
dem-4189	151	25	of	of	ADP
dem-4189	151	26	international	international	ADJ
dem-4189	151	27	money	money	NOUN
dem-4189	151	28	and	and	CCONJ
dem-4189	151	29	finance	finance	NOUN
dem-4189	151	30	,	,	PUNCT
dem-4189	151	31	14	14	NUM
dem-4189	151	32	,	,	PUNCT
dem-4189	151	33	3–26	3–26	NUM
dem-4189	151	34	.	.	PUNCT
dem-4189	152	1	percival	percival	PROPN
dem-4189	152	2	,	,	PUNCT
dem-4189	152	3	d.	d.	PROPN
dem-4189	152	4	b.	b.	PROPN
dem-4189	152	5	,	,	PUNCT
dem-4189	152	6	walden	walden	PROPN
dem-4189	152	7	,	,	PUNCT
dem-4189	152	8	a.	a.	NOUN
dem-4189	152	9	t.	t.	PROPN
dem-4189	152	10	(	(	PUNCT
dem-4189	152	11	2000	2000	NUM
dem-4189	152	12	)	)	PUNCT
dem-4189	152	13	,	,	PUNCT
dem-4189	152	14	wavelet	wavelet	NOUN
dem-4189	152	15	methods	method	NOUN
dem-4189	152	16	for	for	ADP
dem-4189	152	17	time	time	NOUN
dem-4189	152	18	series	series	PROPN
dem-4189	152	19	analysis	analysis	PROPN
dem-4189	152	20	,	,	PUNCT
dem-4189	152	21	cambridge	cambridge	PROPN
dem-4189	152	22	university	university	PROPN
dem-4189	152	23	press	press	PROPN
dem-4189	152	24	,	,	PUNCT
dem-4189	152	25	cambridge	cambridge	PROPN
dem-4189	152	26	.	.	PUNCT
dem-4189	153	1	peters	peters	PROPN
dem-4189	153	2	,	,	PUNCT
dem-4189	153	3	e.	e.	PROPN
dem-4189	153	4	e.	e.	PROPN
dem-4189	153	5	(	(	PUNCT
dem-4189	153	6	1994	1994	NUM
dem-4189	153	7	)	)	PUNCT
dem-4189	153	8	,	,	PUNCT
dem-4189	153	9	fractal	fractal	ADJ
dem-4189	153	10	market	market	NOUN
dem-4189	153	11	analysis	analysis	NOUN
dem-4189	153	12	.	.	PUNCT
dem-4189	154	1	applying	apply	VERB
dem-4189	154	2	chaos	chaos	NOUN
dem-4189	154	3	theory	theory	NOUN
dem-4189	154	4	to	to	ADP
dem-4189	154	5	investment	investment	NOUN
dem-4189	154	6	and	and	CCONJ
dem-4189	154	7	economics	economic	NOUN
dem-4189	154	8	,	,	PUNCT
dem-4189	154	9	john	john	PROPN
dem-4189	154	10	wiley	wiley	PROPN
dem-4189	154	11	&	&	CCONJ
dem-4189	154	12	sons	son	NOUN
dem-4189	154	13	,	,	PUNCT
dem-4189	154	14	new	new	PROPN
dem-4189	154	15	york	york	PROPN
dem-4189	154	16	.	.	PUNCT
dem-4189	155	1	phengpis	phengpis	PROPN
dem-4189	155	2	,	,	PUNCT
dem-4189	155	3	c.	c.	PROPN
dem-4189	155	4	,	,	PUNCT
dem-4189	155	5	apilado	apilado	PROPN
dem-4189	155	6	,	,	PUNCT
dem-4189	155	7	v.	v.	PROPN
dem-4189	155	8	p.	p.	PROPN
dem-4189	155	9	,	,	PUNCT
dem-4189	155	10	swanson	swanson	PROPN
dem-4189	155	11	,	,	PUNCT
dem-4189	155	12	p.	p.	NOUN
dem-4189	155	13	e.	e.	PROPN
dem-4189	156	1	(	(	PUNCT
dem-4189	156	2	2004	2004	NUM
dem-4189	156	3	)	)	PUNCT
dem-4189	157	1	,	,	PUNCT
dem-4189	157	2	effects	effect	NOUN
dem-4189	157	3	of	of	ADP
dem-4189	157	4	economic	economic	ADJ
dem-4189	157	5	convergence	convergence	NOUN
dem-4189	157	6	on	on	ADP
dem-4189	157	7	stock	stock	NOUN
dem-4189	157	8	market	market	NOUN
dem-4189	157	9	returns	return	NOUN
dem-4189	157	10	in	in	ADP
dem-4189	157	11	major	major	ADJ
dem-4189	157	12	emu	emu	PROPN
dem-4189	157	13	member	member	NOUN
dem-4189	157	14	countries	country	NOUN
dem-4189	157	15	,	,	PUNCT
dem-4189	157	16	review	review	NOUN
dem-4189	157	17	of	of	ADP
dem-4189	157	18	quantitative	quantitative	ADJ
dem-4189	157	19	finance	finance	NOUN
dem-4189	157	20	and	and	CCONJ
dem-4189	157	21	accounting	accounting	NOUN
dem-4189	157	22	,	,	PUNCT
dem-4189	157	23	23	23	NUM
dem-4189	157	24	,	,	PUNCT
dem-4189	157	25	207–227	207–227	NUM
dem-4189	157	26	.	.	PUNCT
dem-4189	158	1	joanna	joanna	PROPN
dem-4189	158	2	bruzda	bruzda	VERB
dem-4189	158	3	30	30	NUM
dem-4189	158	4	sanderson	sanderson	PROPN
dem-4189	158	5	,	,	PUNCT
dem-4189	158	6	j.	j.	PROPN
dem-4189	158	7	,	,	PUNCT
dem-4189	158	8	fryzlewicz	fryzlewicz	PROPN
dem-4189	158	9	,	,	PUNCT
dem-4189	158	10	p.	p.	PROPN
dem-4189	158	11	,	,	PUNCT
dem-4189	158	12	jones	jones	PROPN
dem-4189	158	13	,	,	PUNCT
dem-4189	158	14	m.	m.	NOUN
dem-4189	158	15	(	(	PUNCT
dem-4189	158	16	2009	2009	NUM
dem-4189	158	17	)	)	PUNCT
dem-4189	158	18	,	,	PUNCT
dem-4189	158	19	measuring	measure	VERB
dem-4189	158	20	the	the	DET
dem-4189	158	21	dependence	dependence	NOUN
dem-4189	158	22	between	between	ADP
dem-4189	158	23	nonstationary	nonstationary	ADJ
dem-4189	158	24	time	time	NOUN
dem-4189	158	25	series	series	PROPN
dem-4189	158	26	using	use	VERB
dem-4189	158	27	the	the	DET
dem-4189	158	28	locally	locally	ADV
dem-4189	158	29	stationary	stationary	ADJ
dem-4189	158	30	wavelet	wavelet	NOUN
dem-4189	158	31	model	model	NOUN
dem-4189	158	32	,	,	PUNCT
dem-4189	158	33	to	to	PART
dem-4189	158	34	appear	appear	VERB
dem-4189	158	35	in	in	ADP
dem-4189	158	36	biometrika	biometrika	NOUN
dem-4189	158	37	.	.	PUNCT
dem-4189	159	1	scheicher	scheicher	PROPN
dem-4189	159	2	,	,	PUNCT
dem-4189	159	3	m.	m.	NOUN
dem-4189	159	4	(	(	PUNCT
dem-4189	159	5	2001	2001	NUM
dem-4189	159	6	)	)	PUNCT
dem-4189	159	7	,	,	PUNCT
dem-4189	159	8	the	the	DET
dem-4189	159	9	comovements	comovement	NOUN
dem-4189	159	10	of	of	ADP
dem-4189	159	11	stock	stock	NOUN
dem-4189	159	12	markets	market	NOUN
dem-4189	159	13	in	in	ADP
dem-4189	159	14	hungary	hungary	PROPN
dem-4189	159	15	,	,	PUNCT
dem-4189	159	16	poland	poland	PROPN
dem-4189	159	17	and	and	CCONJ
dem-4189	159	18	the	the	DET
dem-4189	159	19	czech	czech	PROPN
dem-4189	159	20	republic	republic	NOUN
dem-4189	159	21	,	,	PUNCT
dem-4189	159	22	international	international	ADJ
dem-4189	159	23	journal	journal	NOUN
dem-4189	159	24	of	of	ADP
dem-4189	159	25	finance	finance	NOUN
dem-4189	159	26	and	and	CCONJ
dem-4189	159	27	economics	economic	NOUN
dem-4189	159	28	,	,	PUNCT
dem-4189	159	29	6	6	NUM
dem-4189	159	30	,	,	PUNCT
dem-4189	159	31	27–39	27–39	NUM
dem-4189	159	32	.	.	PUNCT
dem-4189	159	33	voronkova	voronkova	PROPN
dem-4189	159	34	,	,	PUNCT
dem-4189	159	35	s.	s.	PROPN
dem-4189	159	36	(	(	PUNCT
dem-4189	159	37	2004	2004	NUM
dem-4189	159	38	)	)	PUNCT
dem-4189	159	39	,	,	PUNCT
dem-4189	159	40	equity	equity	NOUN
dem-4189	159	41	market	market	NOUN
dem-4189	159	42	integration	integration	NOUN
dem-4189	159	43	in	in	ADP
dem-4189	159	44	central	central	ADJ
dem-4189	159	45	european	european	ADJ
dem-4189	159	46	emerging	emerge	VERB
dem-4189	159	47	markets	market	NOUN
dem-4189	159	48	:	:	PUNCT
dem-4189	159	49	a	a	DET
dem-4189	159	50	cointegration	cointegration	NOUN
dem-4189	159	51	analysis	analysis	NOUN
dem-4189	159	52	with	with	ADP
dem-4189	159	53	shifting	shift	VERB
dem-4189	159	54	regimes	regime	NOUN
dem-4189	159	55	,	,	PUNCT
dem-4189	159	56	international	international	ADJ
dem-4189	159	57	review	review	NOUN
dem-4189	159	58	of	of	ADP
dem-4189	159	59	financial	financial	ADJ
dem-4189	159	60	analysis	analysis	NOUN
dem-4189	159	61	,	,	PUNCT
dem-4189	159	62	13	13	NUM
dem-4189	159	63	,	,	PUNCT
dem-4189	159	64	633–647	633–647	NUM
dem-4189	159	65	.	.	PUNCT
dem-4189	159	66	whitcher	whitcher	PROPN
dem-4189	159	67	,	,	PUNCT
dem-4189	159	68	b.	b.	PROPN
dem-4189	159	69	,	,	PUNCT
dem-4189	159	70	craigmile	craigmile	PROPN
dem-4189	159	71	,	,	PUNCT
dem-4189	159	72	p.	p.	PROPN
dem-4189	159	73	f.	f.	PROPN
dem-4189	160	1	(	(	PUNCT
dem-4189	160	2	2004	2004	NUM
dem-4189	160	3	)	)	PUNCT
dem-4189	160	4	,	,	PUNCT
dem-4189	160	5	multivariate	multivariate	VERB
dem-4189	160	6	spectral	spectral	ADJ
dem-4189	160	7	analysis	analysis	NOUN
dem-4189	160	8	using	use	VERB
dem-4189	160	9	hilbert	hilbert	PROPN
dem-4189	160	10	wavelet	wavelet	NOUN
dem-4189	160	11	pairs	pair	NOUN
dem-4189	160	12	,	,	PUNCT
dem-4189	160	13	international	international	ADJ
dem-4189	160	14	journal	journal	NOUN
dem-4189	160	15	of	of	ADP
dem-4189	160	16	wavelets	wavelet	NOUN
dem-4189	160	17	,	,	PUNCT
dem-4189	160	18	multiresolution	multiresolution	NOUN
dem-4189	160	19	and	and	CCONJ
dem-4189	160	20	information	information	NOUN
dem-4189	160	21	processing	processing	NOUN
dem-4189	160	22	,	,	PUNCT
dem-4189	160	23	2	2	NUM
dem-4189	160	24	,	,	PUNCT
dem-4189	160	25	567–587	567–587	NUM
dem-4189	160	26	.	.	PUNCT
dem-4189	161	1	integracja	integracja	PROPN
dem-4189	161	2	giełd	giełd	PROPN
dem-4189	161	3	europejskich	europejskich	PRON
dem-4189	161	4	i	i	PRON
dem-4189	161	5	optymalne	optymalne	VERB
dem-4189	161	6	horyzonty	horyzonty	NOUN
dem-4189	161	7	inwestycyjne	inwestycyjne	PROPN
dem-4189	161	8	w	w	PROPN
dem-4189	161	9	świetle	świetle	PROPN
dem-4189	161	10	analizy	analizy	NOUN
dem-4189	161	11	falkowej	falkowej	PROPN
dem-4189	161	12	z	z	PROPN
dem-4189	162	1	a	a	DET
dem-4189	162	2	r	r	NOUN
dem-4189	162	3	y	y	PROPN
dem-4189	162	4	s	s	PROPN
dem-4189	162	5	t	t	NOUN
dem-4189	162	6	r	r	NOUN
dem-4189	162	7	e	e	PROPN
dem-4189	162	8	ś	ś	PROPN
dem-4189	162	9	c	c	PROPN
dem-4189	162	10	i.	i.	PROPN
dem-4189	162	11	w	w	PROPN
dem-4189	162	12	artykule	artykule	PROPN
dem-4189	162	13	prezentuje	prezentuje	PROPN
dem-4189	162	14	się	się	PROPN
dem-4189	162	15	wyniki	wyniki	PROPN
dem-4189	162	16	badania	badania	PROPN
dem-4189	162	17	procesu	procesu	PROPN
dem-4189	162	18	integracji	integracji	PROPN
dem-4189	162	19	giełd	giełd	PROPN
dem-4189	162	20	europejskich	europejskich	DET
dem-4189	162	21	przeprowadzonego	przeprowadzonego	PROPN
dem-4189	162	22	z	z	PROPN
dem-4189	162	23	użyciem	użyciem	PROPN
dem-4189	162	24	narzędzi	narzędzi	PROPN
dem-4189	162	25	ciągło	ciągło	PROPN
dem-4189	162	26	-	-	PUNCT
dem-4189	162	27	dyskretnej	dyskretnej	PROPN
dem-4189	162	28	transformaty	transformaty	PROPN
dem-4189	162	29	falkowej	falkowej	PROPN
dem-4189	162	30	,	,	PUNCT
dem-4189	162	31	a	a	DET
dem-4189	162	32	dokładniej	dokładniej	ADJ
dem-4189	162	33	globalnych	globalnych	NOUN
dem-4189	163	1	i	i	PRON
dem-4189	163	2	lokalnych	lokalnych	VERB
dem-4189	163	3	(	(	PUNCT
dem-4189	163	4	krótkookresowych	krótkookresowych	NOUN
dem-4189	163	5	)	)	PUNCT
dem-4189	163	6	wariancji	wariancji	NOUN
dem-4189	164	1	i	i	PRON
dem-4189	164	2	korelacji	korelacji	NOUN
dem-4189	164	3	falkowych	falkowych	VERB
dem-4189	164	4	.	.	PUNCT
dem-4189	165	1	w	w	PROPN
dem-4189	165	2	szczególności	szczególności	NOUN
dem-4189	165	3	odpowiada	odpowiada	PROPN
dem-4189	165	4	się	się	PROPN
dem-4189	165	5	na	na	PROPN
dem-4189	165	6	pytania	pytania	PROPN
dem-4189	166	1	o	o	NOUN
dem-4189	166	2	zmiany	zmiany	NOUN
dem-4189	166	3	ryzyka	ryzyka	ADV
dem-4189	166	4	inwestycyjnego	inwestycyjnego	PROPN
dem-4189	166	5	oraz	oraz	PROPN
dem-4189	166	6	możliwość	możliwość	PROPN
dem-4189	166	7	międzynarodowej	międzynarodowej	PROPN
dem-4189	166	8	dywersyfikacji	dywersyfikacji	ADJ
dem-4189	166	9	portfeli	portfeli	PROPN
dem-4189	166	10	przy	przy	PROPN
dem-4189	166	11	uwzględnieniu	uwzględnieniu	PROPN
dem-4189	166	12	różnych	różnych	PROPN
dem-4189	166	13	horyzontów	horyzontów	PROPN
dem-4189	166	14	inwestycyjnych	inwestycyjnych	NOUN
dem-4189	166	15	.	.	PUNCT
dem-4189	167	1	badanie	badanie	PROPN
dem-4189	167	2	pokazuje	pokazuje	PROPN
dem-4189	167	3	,	,	PUNCT
dem-4189	167	4	że	że	PROPN
dem-4189	167	5	ma	ma	PROPN
dem-4189	167	6	miejsce	miejsce	PROPN
dem-4189	167	7	proces	proces	PROPN
dem-4189	167	8	konwergencji	konwergencji	PROPN
dem-4189	167	9	giełd	giełd	PROPN
dem-4189	167	10	środkowoeuropejskich	środkowoeuropejskich	PRON
dem-4189	167	11	,	,	PUNCT
dem-4189	167	12	ale	ale	NOUN
dem-4189	167	13	rynki	rynki	NOUN
dem-4189	167	14	te	te	PROPN
dem-4189	167	15	jako	jako	PROPN
dem-4189	167	16	całość	całość	PROPN
dem-4189	167	17	wykazują	wykazują	PROPN
dem-4189	167	18	pewną	pewną	PROPN
dem-4189	167	19	segmentację	segmentację	PROPN
dem-4189	167	20	.	.	PUNCT
dem-4189	168	1	daje	daje	PROPN
dem-4189	168	2	to	to	ADP
dem-4189	168	3	możliwość	możliwość	NOUN
dem-4189	168	4	międzynarodowej	międzynarodowej	PROPN
dem-4189	168	5	dywersyfikacji	dywersyfikacji	ADJ
dem-4189	168	6	portfeli	portfeli	NOUN
dem-4189	168	7	,	,	PUNCT
dem-4189	168	8	przede	przede	PROPN
dem-4189	168	9	wszystkim	wszystkim	PROPN
dem-4189	168	10	dla	dla	PROPN
dem-4189	168	11	dłuższych	dłuższych	PROPN
dem-4189	168	12	horyzontów	horyzontów	PROPN
dem-4189	168	13	inwestycyjnych	inwestycyjnych	NOUN
dem-4189	168	14	.	.	PUNCT
dem-4189	169	1	s	s	PART
dem-4189	169	2	ł	ł	PROPN
dem-4189	169	3	o	o	X
dem-4189	169	4	w	w	NOUN
dem-4189	169	5	a	a	DET
dem-4189	169	6	k	k	X
dem-4189	169	7	l	l	NOUN
dem-4189	169	8	u	u	NOUN
dem-4189	170	1	c	c	NOUN
dem-4189	170	2	z	z	NOUN
dem-4189	170	3	o	o	X
dem-4189	170	4	w	w	PROPN
dem-4189	171	1	e	e	NOUN
dem-4189	171	2	:	:	PUNCT
dem-4189	171	3	integracja	integracja	PROPN
dem-4189	171	4	giełd	giełd	PROPN
dem-4189	171	5	,	,	PUNCT
dem-4189	171	6	analiza	analiza	NOUN
dem-4189	171	7	czasowo	czasowo	PROPN
dem-4189	171	8	-	-	PUNCT
dem-4189	171	9	skalowa	skalowa	NOUN
dem-4189	171	10	,	,	PUNCT
dem-4189	171	11	wariancje	wariancje	PROPN
dem-4189	171	12	falkowe	falkowe	PROPN
dem-4189	171	13	,	,	PUNCT
dem-4189	171	14	korelacje	korelacje	NOUN
dem-4189	171	15	falkowe	falkowe	NOUN
dem-4189	171	16	.	.	PUNCT