id	sid	tid	token	lemma	pos
dem-5679	1	1	microsoft	microsoft	PROPN
dem-5679	1	2	word	word	NOUN
dem-5679	1	3	dem_2014_145to160.docx	dem_2014_145to160.docx	ADP
dem-5679	1	4	©	©	PROPN
dem-5679	1	5	2014	2014	NUM
dem-5679	1	6	nicolaus	nicolaus	PROPN
dem-5679	1	7	copernicus	copernicus	PROPN
dem-5679	1	8	university	university	PROPN
dem-5679	1	9	.	.	PUNCT
dem-5679	2	1	all	all	DET
dem-5679	2	2	rights	right	NOUN
dem-5679	2	3	reserved	reserve	VERB
dem-5679	2	4	.	.	PUNCT
dem-5679	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-5679	4	1	d	d	PUNCT
dem-5679	4	2	y	y	PROPN
dem-5679	4	3	n	n	PROPN
dem-5679	4	4	a	a	PRON
dem-5679	4	5	m	m	VERB
dem-5679	5	1	i	i	NOUN
dem-5679	5	2	c	c	NOUN
dem-5679	5	3	e	e	NOUN
dem-5679	5	4	c	c	NOUN
dem-5679	5	5	o	o	X
dem-5679	6	1	n	n	INTJ
dem-5679	6	2	o	o	NOUN
dem-5679	6	3	m	m	VERB
dem-5679	7	1	e	e	NOUN
dem-5679	7	2	t	t	NOUN
dem-5679	7	3	r	r	NOUN
dem-5679	7	4	i	i	NOUN
dem-5679	7	5	c	c	NOUN
dem-5679	7	6	m	m	VERB
dem-5679	7	7	o	o	NOUN
dem-5679	7	8	d	d	X
dem-5679	7	9	e	e	X
dem-5679	7	10	l	l	NOUN
dem-5679	7	11	s	s	X
dem-5679	7	12	doi	doi	NOUN
dem-5679	7	13	:	:	PUNCT
dem-5679	7	14	http://dx.doi.org/10.12775/dem.2014.008	http://dx.doi.org/10.12775/dem.2014.008	NOUN
dem-5679	7	15	vol	vol	NOUN
dem-5679	7	16	.	.	PROPN
dem-5679	8	1	14	14	NUM
dem-5679	8	2	(	(	PUNCT
dem-5679	8	3	2014	2014	NUM
dem-5679	8	4	)	)	PUNCT
dem-5679	8	5	145−160	145−160	NUM
dem-5679	8	6	submitted	submit	VERB
dem-5679	8	7	october	october	PROPN
dem-5679	8	8	20	20	NUM
dem-5679	8	9	,	,	PUNCT
dem-5679	8	10	2014	2014	NUM
dem-5679	8	11	issn	issn	PROPN
dem-5679	8	12	accepted	accept	VERB
dem-5679	8	13	december	december	PROPN
dem-5679	8	14	23	23	NUM
dem-5679	8	15	,	,	PUNCT
dem-5679	8	16	2014	2014	NUM
dem-5679	8	17	1234	1234	NUM
dem-5679	8	18	-	-	SYM
dem-5679	8	19	3862	3862	NUM
dem-5679	8	20	joanna	joanna	NOUN
dem-5679	8	21	górka	górka	NOUN
dem-5679	8	22	*	*	PROPN
dem-5679	8	23	option	option	NOUN
dem-5679	8	24	pricing	pricing	NOUN
dem-5679	8	25	under	under	ADP
dem-5679	8	26	sign	sign	PROPN
dem-5679	8	27	rca	rca	PROPN
dem-5679	8	28	-	-	PUNCT
dem-5679	8	29	garch	garch	NOUN
dem-5679	8	30	models	model	NOUN
dem-5679	8	31	a	a	DET
dem-5679	8	32	b	b	PROPN
dem-5679	8	33	s	s	ADP
dem-5679	8	34	t	t	PROPN
dem-5679	8	35	r	r	NOUN
dem-5679	8	36	a	a	DET
dem-5679	8	37	c	c	NOUN
dem-5679	8	38	t.	t.	NOUN
dem-5679	8	39	after	after	ADP
dem-5679	8	40	black	black	ADJ
dem-5679	8	41	and	and	CCONJ
dem-5679	8	42	scholes	schole	NOUN
dem-5679	8	43	’s	’s	PART
dem-5679	8	44	groundbreaking	groundbreake	VERB
dem-5679	8	45	work	work	NOUN
dem-5679	8	46	,	,	PUNCT
dem-5679	8	47	the	the	DET
dem-5679	8	48	literature	literature	NOUN
dem-5679	8	49	concerning	concern	VERB
dem-5679	8	50	pricing	pricing	NOUN
dem-5679	8	51	options	option	NOUN
dem-5679	8	52	has	have	AUX
dem-5679	8	53	become	become	VERB
dem-5679	8	54	a	a	DET
dem-5679	8	55	very	very	ADV
dem-5679	8	56	important	important	ADJ
dem-5679	8	57	area	area	NOUN
dem-5679	8	58	of	of	ADP
dem-5679	8	59	research	research	NOUN
dem-5679	8	60	.	.	PUNCT
dem-5679	9	1	numerous	numerous	ADJ
dem-5679	9	2	option	option	NOUN
dem-5679	9	3	valuation	valuation	NOUN
dem-5679	9	4	methods	method	NOUN
dem-5679	9	5	have	have	AUX
dem-5679	9	6	been	be	AUX
dem-5679	9	7	developed	develop	VERB
dem-5679	9	8	.	.	PUNCT
dem-5679	10	1	this	this	DET
dem-5679	10	2	paper	paper	NOUN
dem-5679	10	3	shows	show	VERB
dem-5679	10	4	how	how	SCONJ
dem-5679	10	5	one	one	PRON
dem-5679	10	6	can	can	AUX
dem-5679	10	7	compute	compute	VERB
dem-5679	10	8	option	option	NOUN
dem-5679	10	9	prices	price	NOUN
dem-5679	10	10	using	use	VERB
dem-5679	10	11	sign	sign	NOUN
dem-5679	10	12	rca	rca	PROPN
dem-5679	10	13	-	-	PUNCT
dem-5679	10	14	garch	garch	NOUN
dem-5679	10	15	models	model	NOUN
dem-5679	10	16	for	for	ADP
dem-5679	10	17	the	the	DET
dem-5679	10	18	dynamics	dynamic	NOUN
dem-5679	10	19	of	of	ADP
dem-5679	10	20	the	the	DET
dem-5679	10	21	volatility	volatility	NOUN
dem-5679	10	22	.	.	PUNCT
dem-5679	11	1	option	option	NOUN
dem-5679	11	2	pricing	pricing	NOUN
dem-5679	11	3	obtained	obtain	VERB
dem-5679	11	4	from	from	ADP
dem-5679	11	5	sign	sign	PROPN
dem-5679	11	6	rca	rca	PROPN
dem-5679	11	7	-	-	PUNCT
dem-5679	11	8	garch	garch	NOUN
dem-5679	11	9	models	model	NOUN
dem-5679	11	10	,	,	PUNCT
dem-5679	11	11	the	the	DET
dem-5679	11	12	black	black	ADJ
dem-5679	11	13	and	and	CCONJ
dem-5679	11	14	scholes	schole	NOUN
dem-5679	11	15	’s	’s	PART
dem-5679	11	16	valuation	valuation	NOUN
dem-5679	11	17	and	and	CCONJ
dem-5679	11	18	other	other	ADJ
dem-5679	11	19	selected	select	VERB
dem-5679	11	20	garch	garch	NOUN
dem-5679	11	21	option	option	NOUN
dem-5679	11	22	pricing	pricing	NOUN
dem-5679	11	23	models	model	NOUN
dem-5679	11	24	are	be	AUX
dem-5679	11	25	compared	compare	VERB
dem-5679	11	26	with	with	ADP
dem-5679	11	27	the	the	DET
dem-5679	11	28	market	market	NOUN
dem-5679	11	29	prices	price	NOUN
dem-5679	11	30	.	.	PUNCT
dem-5679	12	1	this	this	DET
dem-5679	12	2	approach	approach	NOUN
dem-5679	12	3	was	be	AUX
dem-5679	12	4	illustrated	illustrate	VERB
dem-5679	12	5	by	by	ADP
dem-5679	12	6	the	the	DET
dem-5679	12	7	valuation	valuation	NOUN
dem-5679	12	8	of	of	ADP
dem-5679	12	9	the	the	DET
dem-5679	12	10	european	european	ADJ
dem-5679	12	11	call	call	NOUN
dem-5679	12	12	options	option	NOUN
dem-5679	12	13	on	on	ADP
dem-5679	12	14	the	the	DET
dem-5679	12	15	wig20	wig20	PROPN
dem-5679	12	16	index	index	NOUN
dem-5679	12	17	.	.	PUNCT
dem-5679	13	1	the	the	DET
dem-5679	13	2	empirical	empirical	ADJ
dem-5679	13	3	results	result	NOUN
dem-5679	13	4	indicated	indicate	VERB
dem-5679	13	5	that	that	SCONJ
dem-5679	13	6	rca	rca	PROPN
dem-5679	13	7	-	-	PUNCT
dem-5679	13	8	garch	garch	NOUN
dem-5679	13	9	and	and	CCONJ
dem-5679	13	10	sign	sign	VERB
dem-5679	13	11	rca	rca	PROPN
dem-5679	13	12	-	-	PUNCT
dem-5679	13	13	garch	garch	NOUN
dem-5679	13	14	models	model	NOUN
dem-5679	13	15	can	can	AUX
dem-5679	13	16	be	be	AUX
dem-5679	13	17	successfully	successfully	ADV
dem-5679	13	18	used	use	VERB
dem-5679	13	19	for	for	ADP
dem-5679	13	20	pricing	pricing	NOUN
dem-5679	13	21	options	option	NOUN
dem-5679	13	22	.	.	PUNCT
dem-5679	14	1	however	however	ADV
dem-5679	14	2	none	none	NOUN
dem-5679	14	3	of	of	ADP
dem-5679	14	4	the	the	DET
dem-5679	14	5	models	model	NOUN
dem-5679	14	6	can	can	AUX
dem-5679	14	7	be	be	AUX
dem-5679	14	8	indicated	indicate	VERB
dem-5679	14	9	as	as	ADP
dem-5679	14	10	the	the	DET
dem-5679	14	11	best	good	ADJ
dem-5679	14	12	one	one	NUM
dem-5679	14	13	for	for	ADP
dem-5679	14	14	the	the	DET
dem-5679	14	15	option	option	NOUN
dem-5679	14	16	valuations	valuation	NOUN
dem-5679	14	17	for	for	ADP
dem-5679	14	18	every	every	DET
dem-5679	14	19	period	period	NOUN
dem-5679	14	20	and	and	CCONJ
dem-5679	14	21	every	every	DET
dem-5679	14	22	time	time	NOUN
dem-5679	14	23	to	to	ADP
dem-5679	14	24	maturity	maturity	NOUN
dem-5679	14	25	of	of	ADP
dem-5679	14	26	the	the	DET
dem-5679	14	27	options	option	NOUN
dem-5679	14	28	.	.	PUNCT
dem-5679	15	1	k	k	PROPN
dem-5679	15	2	e	e	PROPN
dem-5679	15	3	y	y	PROPN
dem-5679	15	4	w	w	NOUN
dem-5679	15	5	o	o	NOUN
dem-5679	15	6	r	r	NOUN
dem-5679	15	7	d	d	NOUN
dem-5679	15	8	s	s	X
dem-5679	15	9	:	:	PUNCT
dem-5679	15	10	sign	sign	VERB
dem-5679	15	11	rca	rca	PROPN
dem-5679	15	12	-	-	PUNCT
dem-5679	15	13	garch	garch	NOUN
dem-5679	15	14	models	model	NOUN
dem-5679	15	15	,	,	PUNCT
dem-5679	15	16	option	option	NOUN
dem-5679	15	17	pricing	pricing	NOUN
dem-5679	15	18	,	,	PUNCT
dem-5679	15	19	garch	garch	NOUN
dem-5679	15	20	models	model	NOUN
dem-5679	15	21	.	.	PUNCT
dem-5679	16	1	j	j	PROPN
dem-5679	16	2	e	e	PROPN
dem-5679	16	3	l	l	PROPN
dem-5679	16	4	classification	classification	NOUN
dem-5679	16	5	:	:	PUNCT
dem-5679	16	6	g13	g13	PROPN
dem-5679	16	7	.	.	PUNCT
dem-5679	17	1	introduction	introduction	NOUN
dem-5679	17	2	following	follow	VERB
dem-5679	17	3	the	the	DET
dem-5679	17	4	seminal	seminal	ADJ
dem-5679	17	5	work	work	NOUN
dem-5679	17	6	of	of	ADP
dem-5679	17	7	black	black	ADJ
dem-5679	17	8	and	and	CCONJ
dem-5679	17	9	scholes	schole	NOUN
dem-5679	17	10	(	(	PUNCT
dem-5679	17	11	1973	1973	NUM
dem-5679	17	12	)	)	PUNCT
dem-5679	17	13	and	and	CCONJ
dem-5679	17	14	merton	merton	X
dem-5679	17	15	(	(	PUNCT
dem-5679	17	16	1973	1973	NUM
dem-5679	17	17	)	)	PUNCT
dem-5679	17	18	,	,	PUNCT
dem-5679	17	19	the	the	DET
dem-5679	17	20	option	option	NOUN
dem-5679	17	21	literature	literature	NOUN
dem-5679	17	22	has	have	AUX
dem-5679	17	23	developed	develop	VERB
dem-5679	17	24	into	into	ADP
dem-5679	17	25	an	an	DET
dem-5679	17	26	important	important	ADJ
dem-5679	17	27	area	area	NOUN
dem-5679	17	28	of	of	ADP
dem-5679	17	29	research	research	NOUN
dem-5679	17	30	.	.	PUNCT
dem-5679	18	1	the	the	DET
dem-5679	18	2	black	black	ADJ
dem-5679	18	3	-	-	PUNCT
dem-5679	18	4	scholes	schole	NOUN
dem-5679	18	5	formula	formula	NOUN
dem-5679	18	6	(	(	PUNCT
dem-5679	18	7	henceforth	henceforth	ADV
dem-5679	18	8	bs	bs	X
dem-5679	18	9	)	)	PUNCT
dem-5679	18	10	assumes	assume	VERB
dem-5679	18	11	that	that	SCONJ
dem-5679	18	12	stock	stock	NOUN
dem-5679	18	13	price	price	NOUN
dem-5679	18	14	varies	vary	VERB
dem-5679	18	15	according	accord	VERB
dem-5679	18	16	to	to	ADP
dem-5679	18	17	the	the	DET
dem-5679	18	18	geometric	geometric	ADJ
dem-5679	18	19	brownian	brownian	ADJ
dem-5679	18	20	motion	motion	NOUN
dem-5679	18	21	.	.	PUNCT
dem-5679	19	1	the	the	DET
dem-5679	19	2	relationship	relationship	NOUN
dem-5679	19	3	between	between	ADP
dem-5679	19	4	the	the	DET
dem-5679	19	5	geometric	geometric	ADJ
dem-5679	19	6	brownian	brownian	ADJ
dem-5679	19	7	motion	motion	NOUN
dem-5679	19	8	and	and	CCONJ
dem-5679	19	9	the	the	DET
dem-5679	19	10	bs	bs	NOUN
dem-5679	19	11	formula	formula	NOUN
dem-5679	19	12	presents	present	VERB
dem-5679	19	13	the	the	DET
dem-5679	19	14	following	following	ADJ
dem-5679	19	15	equivalence	equivalence	NOUN
dem-5679	19	16	(	(	PUNCT
dem-5679	19	17	elliott	elliott	PROPN
dem-5679	19	18	and	and	CCONJ
dem-5679	19	19	kopp	kopp	PROPN
dem-5679	19	20	,	,	PUNCT
dem-5679	19	21	1999)1	1999)1	NUM
dem-5679	19	22	:	:	PUNCT
dem-5679	19	23	*	*	PUNCT
dem-5679	19	24	correspondence	correspondence	NOUN
dem-5679	19	25	to	to	ADP
dem-5679	19	26	:	:	PUNCT
dem-5679	19	27	joanna	joanna	PROPN
dem-5679	19	28	górka	górka	PROPN
dem-5679	19	29	,	,	PUNCT
dem-5679	19	30	nicolaus	nicolaus	PROPN
dem-5679	19	31	copernicus	copernicus	PROPN
dem-5679	19	32	university	university	PROPN
dem-5679	19	33	,	,	PUNCT
dem-5679	19	34	faculty	faculty	NOUN
dem-5679	19	35	of	of	ADP
dem-5679	19	36	economic	economic	ADJ
dem-5679	19	37	sciences	science	NOUN
dem-5679	19	38	and	and	CCONJ
dem-5679	19	39	management	management	NOUN
dem-5679	19	40	,	,	PUNCT
dem-5679	19	41	13a	13a	PROPN
dem-5679	19	42	gagarina	gagarina	PROPN
dem-5679	19	43	street	street	PROPN
dem-5679	19	44	,	,	PUNCT
dem-5679	19	45	87	87	NUM
dem-5679	19	46	-	-	SYM
dem-5679	19	47	100	100	NUM
dem-5679	19	48	toruń	toruń	NOUN
dem-5679	19	49	,	,	PUNCT
dem-5679	19	50	poland	poland	PROPN
dem-5679	19	51	,	,	PUNCT
dem-5679	19	52	e	e	NOUN
dem-5679	19	53	-	-	NOUN
dem-5679	19	54	mail	mail	NOUN
dem-5679	19	55	:	:	PUNCT
dem-5679	19	56	joanna.gorka@umk.pl	joanna.gorka@umk.pl	X
dem-5679	19	57	.	.	PUNCT
dem-5679	20	1	1	1	NUM
dem-5679	20	2	this	this	DET
dem-5679	20	3	equivalence	equivalence	NOUN
dem-5679	20	4	is	be	AUX
dem-5679	20	5	obtained	obtain	VERB
dem-5679	20	6	by	by	ADP
dem-5679	20	7	applying	apply	VERB
dem-5679	20	8	itô	itô	PROPN
dem-5679	20	9	lemma	lemma	PROPN
dem-5679	20	10	with	with	ADP
dem-5679	20	11	function	function	NOUN
dem-5679	20	12			NOUN
dem-5679	20	13			PROPN
dem-5679	20	14	tt	tt	PROPN
dem-5679	20	15	ssf	ssf	PROPN
dem-5679	20	16	log	log	PROPN
dem-5679	20	17	.	.	PUNCT
dem-5679	21	1	joanna	joanna	PROPN
dem-5679	21	2	górka	górka	PROPN
dem-5679	21	3	dynamic	dynamic	PROPN
dem-5679	21	4	econometric	econometric	ADJ
dem-5679	21	5	models	model	NOUN
dem-5679	21	6	14	14	NUM
dem-5679	21	7	(	(	PUNCT
dem-5679	21	8	2014	2014	NUM
dem-5679	21	9	)	)	PUNCT
dem-5679	21	10	145–160	145–160	NUM
dem-5679	21	11	146	146	NUM
dem-5679	21	12	,	,	PUNCT
dem-5679	21	13	2	2	NUM
dem-5679	21	14	2	2	NUM
dem-5679	21	15	0	0	NUM
dem-5679	21	16	twt	twt	NOUN
dem-5679	21	17	ttttt	ttttt	NOUN
dem-5679	21	18	essdwsdtsds	essdwsdtsds	NOUN
dem-5679	21	19			PROPN
dem-5679	21	20			PROPN
dem-5679	21	21			PROPN
dem-5679	21	22			ADP
dem-5679	21	23			NOUN
dem-5679	21	24			ADJ
dem-5679	21	25			PROPN
dem-5679	21	26			NOUN
dem-5679	21	27			NOUN
dem-5679	21	28			NUM
dem-5679	21	29	(	(	PUNCT
dem-5679	21	30	1	1	NUM
dem-5679	21	31	)	)	PUNCT
dem-5679	21	32	where	where	SCONJ
dem-5679	21	33	:	:	PUNCT
dem-5679	21	34	ts	ts	X
dem-5679	21	35	–	–	PUNCT
dem-5679	21	36	a	a	DET
dem-5679	21	37	stock	stock	NOUN
dem-5679	21	38	price	price	NOUN
dem-5679	21	39	,	,	PUNCT
dem-5679	21	40			NOUN
dem-5679	21	41	–	–	PUNCT
dem-5679	21	42	the	the	DET
dem-5679	21	43	drift	drift	NOUN
dem-5679	21	44	rate	rate	NOUN
dem-5679	21	45	,	,	PUNCT
dem-5679	21	46	annualized	annualize	VERB
dem-5679	21	47	expected	expect	VERB
dem-5679	21	48	value	value	NOUN
dem-5679	21	49	of	of	ADP
dem-5679	21	50	st	st	PROPN
dem-5679	21	51	,	,	PUNCT
dem-5679	21	52	t	t	PROPN
dem-5679	21	53	–	–	PUNCT
dem-5679	21	54	time	time	NOUN
dem-5679	21	55	,	,	PUNCT
dem-5679	21	56	tw	tw	NOUN
dem-5679	21	57	–	–	PUNCT
dem-5679	21	58	the	the	DET
dem-5679	21	59	wiener	wiener	NOUN
dem-5679	21	60	process	process	NOUN
dem-5679	21	61	(	(	PUNCT
dem-5679	21	62	brownian	brownian	ADJ
dem-5679	21	63	motion	motion	NOUN
dem-5679	21	64	)	)	PUNCT
dem-5679	21	65	,	,	PUNCT
dem-5679	21	66	0	0	NUM
dem-5679	21	67	–	–	PUNCT
dem-5679	21	68	the	the	DET
dem-5679	21	69	annualized	annualize	VERB
dem-5679	21	70	volatility	volatility	NOUN
dem-5679	21	71	of	of	ADP
dem-5679	21	72	st	st	PROPN
dem-5679	21	73	.	.	PROPN
dem-5679	21	74	the	the	DET
dem-5679	21	75	bs	bs	PROPN
dem-5679	21	76	formula	formula	NOUN
dem-5679	21	77	assumes	assume	VERB
dem-5679	21	78	that	that	SCONJ
dem-5679	21	79	the	the	DET
dem-5679	21	80	returns	return	NOUN
dem-5679	21	81	of	of	ADP
dem-5679	21	82	the	the	DET
dem-5679	21	83	underlying	underlie	VERB
dem-5679	21	84	asset	asset	NOUN
dem-5679	21	85	(	(	PUNCT
dem-5679	21	86	stock	stock	NOUN
dem-5679	21	87	price	price	NOUN
dem-5679	21	88	)	)	PUNCT
dem-5679	21	89	follow	follow	VERB
dem-5679	21	90	a	a	DET
dem-5679	21	91	normal	normal	ADJ
dem-5679	21	92	distribution	distribution	NOUN
dem-5679	21	93	with	with	ADP
dem-5679	21	94	constant	constant	ADJ
dem-5679	21	95	volatility	volatility	NOUN
dem-5679	21	96	.	.	PUNCT
dem-5679	22	1	empirical	empirical	ADJ
dem-5679	22	2	evidence	evidence	NOUN
dem-5679	22	3	has	have	AUX
dem-5679	22	4	shown	show	VERB
dem-5679	22	5	,	,	PUNCT
dem-5679	22	6	however	however	ADV
dem-5679	22	7	,	,	PUNCT
dem-5679	22	8	that	that	SCONJ
dem-5679	22	9	the	the	DET
dem-5679	22	10	model	model	NOUN
dem-5679	22	11	is	be	AUX
dem-5679	22	12	in	in	ADP
dem-5679	22	13	conflict	conflict	NOUN
dem-5679	22	14	with	with	ADP
dem-5679	22	15	facts	fact	NOUN
dem-5679	22	16	,	,	PUNCT
dem-5679	22	17	especially	especially	ADV
dem-5679	22	18	for	for	ADP
dem-5679	22	19	short	short	ADJ
dem-5679	22	20	-	-	PUNCT
dem-5679	22	21	run	run	NOUN
dem-5679	22	22	returns2	returns2	NOUN
dem-5679	22	23	.	.	PUNCT
dem-5679	23	1	the	the	DET
dem-5679	23	2	financial	financial	ADJ
dem-5679	23	3	markets	market	NOUN
dem-5679	23	4	research	research	NOUN
dem-5679	23	5	indicated	indicate	VERB
dem-5679	23	6	that	that	SCONJ
dem-5679	23	7	financial	financial	ADJ
dem-5679	23	8	series	series	NOUN
dem-5679	23	9	,	,	PUNCT
dem-5679	23	10	such	such	ADJ
dem-5679	23	11	as	as	ADP
dem-5679	23	12	stock	stock	NOUN
dem-5679	23	13	returns	return	NOUN
dem-5679	23	14	,	,	PUNCT
dem-5679	23	15	foreign	foreign	ADJ
dem-5679	23	16	exchange	exchange	NOUN
dem-5679	23	17	rates	rate	NOUN
dem-5679	23	18	and	and	CCONJ
dem-5679	23	19	others	other	NOUN
dem-5679	23	20	,	,	PUNCT
dem-5679	23	21	exhibit	exhibit	VERB
dem-5679	23	22	leptokurtosis	leptokurtosis	NOUN
dem-5679	23	23	and	and	CCONJ
dem-5679	23	24	volatility	volatility	NOUN
dem-5679	23	25	varying	vary	VERB
dem-5679	23	26	in	in	ADP
dem-5679	23	27	time	time	NOUN
dem-5679	23	28	.	.	PUNCT
dem-5679	24	1	hence	hence	ADV
dem-5679	24	2	the	the	DET
dem-5679	24	3	assumption	assumption	NOUN
dem-5679	24	4	of	of	ADP
dem-5679	24	5	constant	constant	ADJ
dem-5679	24	6	volatility	volatility	NOUN
dem-5679	24	7	is	be	AUX
dem-5679	24	8	often	often	ADV
dem-5679	24	9	strongly	strongly	ADV
dem-5679	24	10	violated	violate	VERB
dem-5679	24	11	.	.	PUNCT
dem-5679	25	1	therefore	therefore	ADV
dem-5679	25	2	,	,	PUNCT
dem-5679	25	3	several	several	ADJ
dem-5679	25	4	option	option	NOUN
dem-5679	25	5	valuation	valuation	NOUN
dem-5679	25	6	models	model	NOUN
dem-5679	25	7	have	have	AUX
dem-5679	25	8	been	be	AUX
dem-5679	25	9	developed	develop	VERB
dem-5679	25	10	to	to	PART
dem-5679	25	11	incorporate	incorporate	VERB
dem-5679	25	12	stochastic	stochastic	ADJ
dem-5679	25	13	volatility	volatility	NOUN
dem-5679	25	14	.	.	PUNCT
dem-5679	26	1	one	one	NUM
dem-5679	26	2	approach	approach	NOUN
dem-5679	26	3	is	be	AUX
dem-5679	26	4	to	to	PART
dem-5679	26	5	use	use	VERB
dem-5679	26	6	continuous	continuous	ADJ
dem-5679	26	7	-	-	PUNCT
dem-5679	26	8	time	time	NOUN
dem-5679	26	9	stochastic	stochastic	ADJ
dem-5679	26	10	volatility	volatility	NOUN
dem-5679	26	11	models	model	NOUN
dem-5679	26	12	.	.	PUNCT
dem-5679	27	1	another	another	DET
dem-5679	27	2	approach	approach	NOUN
dem-5679	27	3	is	be	AUX
dem-5679	27	4	to	to	PART
dem-5679	27	5	use	use	VERB
dem-5679	27	6	discrete	discrete	ADJ
dem-5679	27	7	-	-	PUNCT
dem-5679	27	8	time	time	NOUN
dem-5679	27	9	generalized	generalize	VERB
dem-5679	27	10	autoregressive	autoregressive	ADJ
dem-5679	27	11	conditionally	conditionally	ADV
dem-5679	27	12	heteroskedastic	heteroskedastic	ADJ
dem-5679	27	13	(	(	PUNCT
dem-5679	27	14	garch	garch	NOUN
dem-5679	27	15	)	)	PUNCT
dem-5679	27	16	models	model	NOUN
dem-5679	27	17	(	(	PUNCT
dem-5679	27	18	amongst	amongst	ADP
dem-5679	27	19	others	others	PROPN
dem-5679	27	20	engle,1982	engle,1982	PROPN
dem-5679	27	21	;	;	PUNCT
dem-5679	27	22	bollerslev,1986	bollerslev,1986	PROPN
dem-5679	27	23	)	)	PUNCT
dem-5679	27	24	.	.	PUNCT
dem-5679	28	1	the	the	DET
dem-5679	28	2	choice	choice	NOUN
dem-5679	28	3	of	of	ADP
dem-5679	28	4	discrete	discrete	ADJ
dem-5679	28	5	-	-	PUNCT
dem-5679	28	6	time	time	NOUN
dem-5679	28	7	garch	garch	NOUN
dem-5679	28	8	models	model	NOUN
dem-5679	28	9	for	for	ADP
dem-5679	28	10	this	this	DET
dem-5679	28	11	study	study	NOUN
dem-5679	28	12	was	be	AUX
dem-5679	28	13	motivated	motivate	VERB
dem-5679	28	14	by	by	ADP
dem-5679	28	15	two	two	NUM
dem-5679	28	16	facts	fact	NOUN
dem-5679	28	17	,	,	PUNCT
dem-5679	28	18	that	that	SCONJ
dem-5679	28	19	:	:	PUNCT
dem-5679	28	20			VERB
dem-5679	28	21	the	the	DET
dem-5679	28	22	inclusion	inclusion	NOUN
dem-5679	28	23	of	of	ADP
dem-5679	28	24	linear	linear	ADJ
dem-5679	28	25	autoregressive	autoregressive	ADJ
dem-5679	28	26	dynamics	dynamic	NOUN
dem-5679	28	27	,	,	PUNCT
dem-5679	28	28	ar(1	ar(1	NOUN
dem-5679	28	29	)	)	PUNCT
dem-5679	28	30	,	,	PUNCT
dem-5679	28	31	affects	affect	VERB
dem-5679	28	32	option	option	NOUN
dem-5679	28	33	prices	price	NOUN
dem-5679	28	34	(	(	PUNCT
dem-5679	28	35	hafner	hafner	NOUN
dem-5679	28	36	and	and	CCONJ
dem-5679	28	37	herwartz	herwartz	NOUN
dem-5679	28	38	,	,	PUNCT
dem-5679	28	39	2001	2001	NUM
dem-5679	28	40	)	)	PUNCT
dem-5679	28	41	,	,	PUNCT
dem-5679	28	42			VERB
dem-5679	28	43	the	the	DET
dem-5679	28	44	random	random	ADJ
dem-5679	28	45	coefficient	coefficient	NOUN
dem-5679	28	46	autoregressive	autoregressive	ADJ
dem-5679	28	47	models	model	NOUN
dem-5679	28	48	with	with	ADP
dem-5679	28	49	the	the	DET
dem-5679	28	50	sign	sign	NOUN
dem-5679	28	51	function	function	NOUN
dem-5679	28	52	(	(	PUNCT
dem-5679	28	53	sign	sign	NOUN
dem-5679	28	54	rca	rca	PROPN
dem-5679	28	55	)	)	PUNCT
dem-5679	28	56	are	be	AUX
dem-5679	28	57	straightforward	straightforward	ADJ
dem-5679	28	58	generalization	generalization	NOUN
dem-5679	28	59	of	of	ADP
dem-5679	28	60	the	the	DET
dem-5679	28	61	constant	constant	ADJ
dem-5679	28	62	coefficient	coefficient	NOUN
dem-5679	28	63	autoregressive	autoregressive	ADJ
dem-5679	28	64	models	model	NOUN
dem-5679	28	65	(	(	PUNCT
dem-5679	28	66	thavaneswaran	thavaneswaran	NOUN
dem-5679	28	67	et	et	PROPN
dem-5679	28	68	al	al	PROPN
dem-5679	28	69	.	.	PROPN
dem-5679	28	70	,	,	PUNCT
dem-5679	28	71	2006a	2006a	NUM
dem-5679	28	72	)	)	PUNCT
dem-5679	28	73	.	.	PUNCT
dem-5679	29	1	the	the	DET
dem-5679	29	2	random	random	ADJ
dem-5679	29	3	coefficient	coefficient	NOUN
dem-5679	29	4	and	and	CCONJ
dem-5679	29	5	the	the	DET
dem-5679	29	6	sign	sign	NOUN
dem-5679	29	7	function	function	NOUN
dem-5679	29	8	have	have	AUX
dem-5679	29	9	influenced	influence	VERB
dem-5679	29	10	the	the	DET
dem-5679	29	11	unconditional	unconditional	ADJ
dem-5679	29	12	kurtosis	kurtosis	NOUN
dem-5679	29	13	.	.	PUNCT
dem-5679	30	1	the	the	DET
dem-5679	30	2	value	value	NOUN
dem-5679	30	3	of	of	ADP
dem-5679	30	4	unconditional	unconditional	ADJ
dem-5679	30	5	kurtosis	kurtosis	NOUN
dem-5679	30	6	in	in	ADP
dem-5679	30	7	the	the	DET
dem-5679	30	8	rca	rca	NOUN
dem-5679	30	9	-	-	PUNCT
dem-5679	30	10	garch	garch	NOUN
dem-5679	30	11	and	and	CCONJ
dem-5679	30	12	the	the	DET
dem-5679	30	13	sign	sign	NOUN
dem-5679	30	14	rca	rca	PROPN
dem-5679	30	15	-	-	PUNCT
dem-5679	30	16	garch	garch	NOUN
dem-5679	30	17	models	model	NOUN
dem-5679	30	18	is	be	AUX
dem-5679	30	19	bigger	big	ADJ
dem-5679	30	20	in	in	ADP
dem-5679	30	21	comparison	comparison	NOUN
dem-5679	30	22	with	with	ADP
dem-5679	30	23	ordinary	ordinary	ADJ
dem-5679	30	24	argarch	argarch	NOUN
dem-5679	30	25	.	.	PUNCT
dem-5679	31	1	in	in	ADP
dem-5679	31	2	addition	addition	NOUN
dem-5679	31	3	,	,	PUNCT
dem-5679	31	4	the	the	DET
dem-5679	31	5	sign	sign	NOUN
dem-5679	31	6	function	function	NOUN
dem-5679	31	7	allows	allow	VERB
dem-5679	31	8	the	the	DET
dem-5679	31	9	modelling	modelling	NOUN
dem-5679	31	10	of	of	ADP
dem-5679	31	11	asymmetry	asymmetry	NOUN
dem-5679	31	12	,	,	PUNCT
dem-5679	31	13	such	such	ADJ
dem-5679	31	14	as	as	ADP
dem-5679	31	15	response	response	NOUN
dem-5679	31	16	of	of	ADP
dem-5679	31	17	returns	return	NOUN
dem-5679	31	18	on	on	ADP
dem-5679	31	19	various	various	ADJ
dem-5679	31	20	information	information	NOUN
dem-5679	31	21	from	from	ADP
dem-5679	31	22	the	the	DET
dem-5679	31	23	market	market	NOUN
dem-5679	31	24	.	.	PUNCT
dem-5679	32	1	the	the	DET
dem-5679	32	2	purpose	purpose	NOUN
dem-5679	32	3	of	of	ADP
dem-5679	32	4	this	this	DET
dem-5679	32	5	work	work	NOUN
dem-5679	32	6	is	be	AUX
dem-5679	32	7	to	to	PART
dem-5679	32	8	apply	apply	VERB
dem-5679	32	9	the	the	DET
dem-5679	32	10	sign	sign	NOUN
dem-5679	32	11	rca	rca	PROPN
dem-5679	32	12	-	-	PUNCT
dem-5679	32	13	garch	garch	NOUN
dem-5679	32	14	models	model	NOUN
dem-5679	32	15	to	to	ADP
dem-5679	32	16	pricing	price	VERB
dem-5679	32	17	european	european	ADJ
dem-5679	32	18	call	call	NOUN
dem-5679	32	19	options	option	NOUN
dem-5679	32	20	,	,	PUNCT
dem-5679	32	21	and	and	CCONJ
dem-5679	32	22	compare	compare	VERB
dem-5679	32	23	these	these	DET
dem-5679	32	24	results	result	NOUN
dem-5679	32	25	and	and	CCONJ
dem-5679	32	26	results	result	NOUN
dem-5679	32	27	obtained	obtain	VERB
dem-5679	32	28	from	from	ADP
dem-5679	32	29	the	the	DET
dem-5679	32	30	black	black	ADJ
dem-5679	32	31	-	-	PUNCT
dem-5679	32	32	scholes	schole	NOUN
dem-5679	32	33	model	model	NOUN
dem-5679	32	34	and	and	CCONJ
dem-5679	32	35	from	from	ADP
dem-5679	32	36	other	other	ADJ
dem-5679	32	37	selected	select	VERB
dem-5679	32	38	garch	garch	NOUN
dem-5679	32	39	options	option	NOUN
dem-5679	32	40	pricing	pricing	NOUN
dem-5679	32	41	models	model	NOUN
dem-5679	32	42	with	with	ADP
dem-5679	32	43	the	the	DET
dem-5679	32	44	market	market	NOUN
dem-5679	32	45	prices	price	NOUN
dem-5679	32	46	.	.	PUNCT
dem-5679	33	1	such	such	ADJ
dem-5679	33	2	use	use	NOUN
dem-5679	33	3	of	of	ADP
dem-5679	33	4	sign	sign	NOUN
dem-5679	33	5	rca	rca	PROPN
dem-5679	33	6	-	-	PUNCT
dem-5679	33	7	garch	garch	NOUN
dem-5679	33	8	2	2	NUM
dem-5679	33	9	more	more	ADV
dem-5679	33	10	frequent	frequent	ADJ
dem-5679	33	11	than	than	ADP
dem-5679	33	12	monthly	monthly	ADJ
dem-5679	33	13	.	.	PUNCT
dem-5679	34	1	option	option	NOUN
dem-5679	34	2	pricing	pricing	NOUN
dem-5679	34	3	under	under	ADP
dem-5679	34	4	sign	sign	PROPN
dem-5679	34	5	rca	rca	PROPN
dem-5679	34	6	-	-	PUNCT
dem-5679	34	7	garch	garch	NOUN
dem-5679	34	8	models	model	NOUN
dem-5679	34	9	dynamic	dynamic	ADJ
dem-5679	34	10	econometric	econometric	ADJ
dem-5679	34	11	models	model	NOUN
dem-5679	34	12	14	14	NUM
dem-5679	34	13	(	(	PUNCT
dem-5679	34	14	2014	2014	NUM
dem-5679	34	15	)	)	PUNCT
dem-5679	35	1	145–160	145–160	NUM
dem-5679	35	2	147	147	NUM
dem-5679	35	3	models	model	NOUN
dem-5679	35	4	as	as	ADV
dem-5679	35	5	far	far	ADV
dem-5679	35	6	as	as	SCONJ
dem-5679	35	7	we	we	PRON
dem-5679	35	8	know	know	VERB
dem-5679	35	9	has	have	AUX
dem-5679	35	10	not	not	PART
dem-5679	35	11	been	be	AUX
dem-5679	35	12	applied	apply	VERB
dem-5679	35	13	in	in	ADP
dem-5679	35	14	option	option	NOUN
dem-5679	35	15	pricing	pricing	NOUN
dem-5679	35	16	except	except	SCONJ
dem-5679	35	17	the	the	DET
dem-5679	35	18	work	work	NOUN
dem-5679	35	19	by	by	ADP
dem-5679	35	20	górka	górka	PROPN
dem-5679	35	21	(	(	PUNCT
dem-5679	35	22	2012	2012	NUM
dem-5679	35	23	)	)	PUNCT
dem-5679	35	24	.	.	PUNCT
dem-5679	36	1	1	1	X
dem-5679	36	2	.	.	X
dem-5679	36	3	theoretical	theoretical	ADJ
dem-5679	36	4	framework	framework	NOUN
dem-5679	36	5	1.1	1.1	NUM
dem-5679	36	6	.	.	PUNCT
dem-5679	37	1	option	option	NOUN
dem-5679	37	2	pricing	pricing	NOUN
dem-5679	37	3	as	as	ADP
dem-5679	37	4	a	a	DET
dem-5679	37	5	consequence	consequence	NOUN
dem-5679	37	6	of	of	ADP
dem-5679	37	7	the	the	DET
dem-5679	37	8	equation	equation	NOUN
dem-5679	37	9	(	(	PUNCT
dem-5679	37	10	1	1	NUM
dem-5679	37	11	)	)	PUNCT
dem-5679	37	12	,	,	PUNCT
dem-5679	37	13	the	the	DET
dem-5679	37	14	price	price	NOUN
dem-5679	37	15	of	of	ADP
dem-5679	37	16	a	a	DET
dem-5679	37	17	european	european	ADJ
dem-5679	37	18	call	call	NOUN
dem-5679	37	19	option	option	NOUN
dem-5679	37	20	is	be	AUX
dem-5679	37	21	given	give	VERB
dem-5679	37	22	by	by	ADP
dem-5679	37	23	equation	equation	NOUN
dem-5679	37	24	:	:	PUNCT
dem-5679	37	25	,	,	PUNCT
dem-5679	37	26	)	)	PUNCT
dem-5679	37	27	(	(	PUNCT
dem-5679	37	28	)	)	PUNCT
dem-5679	37	29	(=	(=	ADP
dem-5679	38	1	21	21	NUM
dem-5679	38	2	dnkednsc	dnkednsc	NOUN
dem-5679	38	3	r	r	NOUN
dem-5679	38	4	tt	tt	PROPN
dem-5679	38	5			PROPN
dem-5679	38	6	(	(	PUNCT
dem-5679	38	7	2	2	NUM
dem-5679	38	8	)	)	PUNCT
dem-5679	38	9	where	where	SCONJ
dem-5679	38	10	:	:	PUNCT
dem-5679	38	11	,	,	PUNCT
dem-5679	38	12	2	2	X
dem-5679	38	13	=	=	SYM
dem-5679	38	14	2	2	NUM
dem-5679	38	15	1	1	NUM
dem-5679	38	16			ADV
dem-5679	38	17			PRON
dem-5679	38	18			NOUN
dem-5679	38	19			NOUN
dem-5679	38	20			PROPN
dem-5679	38	21			PROPN
dem-5679	38	22			PROPN
dem-5679	38	23			NOUN
dem-5679	38	24			PROPN
dem-5679	38	25	r	r	NOUN
dem-5679	38	26	k	k	PROPN
dem-5679	38	27	s	s	X
dem-5679	38	28	ln	ln	PROPN
dem-5679	38	29	d	d	PROPN
dem-5679	38	30	t	t	PROPN
dem-5679	38	31	,	,	PUNCT
dem-5679	38	32	12	12	NUM
dem-5679	38	33			PROPN
dem-5679	38	34	dd	dd	NOUN
dem-5679	38	35	ts	ts	ADP
dem-5679	38	36	–	–	PUNCT
dem-5679	38	37	the	the	DET
dem-5679	38	38	stock	stock	NOUN
dem-5679	38	39	price	price	NOUN
dem-5679	38	40	at	at	ADP
dem-5679	38	41	time	time	NOUN
dem-5679	38	42	t	t	PROPN
dem-5679	38	43	,	,	PUNCT
dem-5679	38	44	k	k	PROPN
dem-5679	38	45	–	–	PUNCT
dem-5679	38	46	the	the	DET
dem-5679	38	47	exercise	exercise	NOUN
dem-5679	38	48	price	price	NOUN
dem-5679	38	49	,	,	PUNCT
dem-5679	38	50	r	r	NOUN
dem-5679	38	51	–	–	PUNCT
dem-5679	38	52	the	the	DET
dem-5679	38	53	risk	risk	NOUN
dem-5679	38	54	-	-	PUNCT
dem-5679	38	55	free	free	ADJ
dem-5679	38	56	interest	interest	NOUN
dem-5679	38	57	rate	rate	NOUN
dem-5679	38	58	,	,	PUNCT
dem-5679	38	59			PROPN
dem-5679	38	60	–	–	PUNCT
dem-5679	38	61	the	the	DET
dem-5679	38	62	time	time	NOUN
dem-5679	38	63	to	to	ADP
dem-5679	38	64	maturity	maturity	NOUN
dem-5679	38	65	of	of	ADP
dem-5679	38	66	the	the	DET
dem-5679	38	67	option	option	NOUN
dem-5679	38	68	,	,	PUNCT
dem-5679	38	69			NOUN
dem-5679	38	70	n	n	PROPN
dem-5679	38	71	–	–	PUNCT
dem-5679	38	72	the	the	DET
dem-5679	38	73	cumulative	cumulative	ADJ
dem-5679	38	74	normal	normal	ADJ
dem-5679	38	75	density	density	NOUN
dem-5679	38	76	function	function	NOUN
dem-5679	38	77	,	,	PUNCT
dem-5679	38	78			PROPN
dem-5679	38	79	–	–	PUNCT
dem-5679	38	80	the	the	DET
dem-5679	38	81	volatility	volatility	NOUN
dem-5679	38	82	of	of	ADP
dem-5679	38	83	rate	rate	NOUN
dem-5679	38	84	of	of	ADP
dem-5679	38	85	the	the	DET
dem-5679	38	86	return	return	NOUN
dem-5679	38	87	on	on	ADP
dem-5679	38	88	the	the	DET
dem-5679	38	89	stock	stock	NOUN
dem-5679	38	90	.	.	PUNCT
dem-5679	39	1	the	the	DET
dem-5679	39	2	valuation	valuation	NOUN
dem-5679	39	3	of	of	ADP
dem-5679	39	4	derivative	derivative	NOUN
dem-5679	39	5	is	be	AUX
dem-5679	39	6	about	about	ADP
dem-5679	39	7	moving	move	VERB
dem-5679	39	8	to	to	ADP
dem-5679	39	9	the	the	DET
dem-5679	39	10	world	world	NOUN
dem-5679	39	11	free	free	ADJ
dem-5679	39	12	of	of	ADP
dem-5679	39	13	risk	risk	NOUN
dem-5679	39	14	,	,	PUNCT
dem-5679	39	15	in	in	ADP
dem-5679	39	16	which	which	PRON
dem-5679	39	17	risky	risky	ADJ
dem-5679	39	18	assets	asset	NOUN
dem-5679	39	19	have	have	VERB
dem-5679	39	20	the	the	DET
dem-5679	39	21	same	same	ADJ
dem-5679	39	22	return	return	NOUN
dem-5679	39	23	as	as	ADP
dem-5679	39	24	the	the	DET
dem-5679	39	25	risk	risk	NOUN
dem-5679	39	26	-	-	PUNCT
dem-5679	39	27	free	free	ADJ
dem-5679	39	28	.	.	PUNCT
dem-5679	40	1	the	the	DET
dem-5679	40	2	general	general	ADJ
dem-5679	40	3	idea	idea	NOUN
dem-5679	40	4	of	of	ADP
dem-5679	40	5	the	the	DET
dem-5679	40	6	valuation	valuation	NOUN
dem-5679	40	7	of	of	ADP
dem-5679	40	8	derivatives	derivative	NOUN
dem-5679	40	9	is	be	AUX
dem-5679	40	10	based	base	VERB
dem-5679	40	11	on	on	ADP
dem-5679	40	12	the	the	DET
dem-5679	40	13	following	follow	VERB
dem-5679	40	14	theorem	theorem	PROPN
dem-5679	40	15	.	.	PUNCT
dem-5679	41	1	theorem	theorem	PROPN
dem-5679	41	2	(	(	PUNCT
dem-5679	41	3	elliott	elliott	PROPN
dem-5679	41	4	and	and	CCONJ
dem-5679	41	5	kopp	kopp	PROPN
dem-5679	41	6	,	,	PUNCT
dem-5679	41	7	1999	1999	NUM
dem-5679	41	8	)	)	PUNCT
dem-5679	41	9	.	.	PUNCT
dem-5679	42	1	if	if	SCONJ
dem-5679	42	2	the	the	DET
dem-5679	42	3	process	process	NOUN
dem-5679	42	4	s	s	PART
dem-5679	42	5	satisfies	satisfie	NOUN
dem-5679	42	6	the	the	DET
dem-5679	42	7	equation	equation	NOUN
dem-5679	42	8	tttt	tttt	NOUN
dem-5679	42	9	dwsdtsds	dwsdtsds	NOUN
dem-5679	42	10			PROPN
dem-5679	42	11	=	=	NUM
dem-5679	42	12	,	,	PUNCT
dem-5679	42	13	(	(	PUNCT
dem-5679	42	14	3	3	NUM
dem-5679	42	15	)	)	PUNCT
dem-5679	42	16	then	then	ADV
dem-5679	42	17	also	also	ADV
dem-5679	42	18	satisfies	satisfy	VERB
dem-5679	42	19	the	the	DET
dem-5679	42	20	equation	equation	NOUN
dem-5679	42	21	tttt	tttt	NOUN
dem-5679	42	22	wdsdtrsds	wdsdtrsds	NOUN
dem-5679	42	23	~	~	PUNCT
dem-5679	42	24	=	=	SYM
dem-5679	42	25			NOUN
dem-5679	42	26	,	,	PUNCT
dem-5679	42	27	(	(	PUNCT
dem-5679	42	28	4	4	X
dem-5679	42	29	)	)	PUNCT
dem-5679	42	30	where	where	SCONJ
dem-5679	42	31	is	be	AUX
dem-5679	42	32	r	r	NOUN
dem-5679	42	33	the	the	DET
dem-5679	42	34	risk	risk	NOUN
dem-5679	42	35	-	-	PUNCT
dem-5679	42	36	free	free	ADJ
dem-5679	42	37	interest	interest	NOUN
dem-5679	42	38	rate	rate	NOUN
dem-5679	42	39	,	,	PUNCT
dem-5679	42	40	t	t	PROPN
dem-5679	42	41	r	r	NOUN
dem-5679	42	42	ww	ww	PROPN
dem-5679	42	43	tt	tt	PROPN
dem-5679	42	44			PROPN
dem-5679	42	45			X
dem-5679	42	46	=	=	PUNCT
dem-5679	42	47	~	~	PUNCT
dem-5679	42	48	is	be	AUX
dem-5679	42	49	a	a	DET
dem-5679	42	50	wiener	wiener	NOUN
dem-5679	42	51	process	process	NOUN
dem-5679	42	52	.	.	PUNCT
dem-5679	43	1	duan	duan	PROPN
dem-5679	43	2	(	(	PUNCT
dem-5679	43	3	1995	1995	NUM
dem-5679	43	4	)	)	PUNCT
dem-5679	43	5	introduced	introduce	VERB
dem-5679	43	6	the	the	DET
dem-5679	43	7	garch	garch	NOUN
dem-5679	43	8	option	option	NOUN
dem-5679	43	9	pricing	pricing	NOUN
dem-5679	43	10	model	model	NOUN
dem-5679	43	11	by	by	ADP
dem-5679	43	12	generalizing	generalize	VERB
dem-5679	43	13	the	the	DET
dem-5679	43	14	traditional	traditional	ADJ
dem-5679	43	15	risk	risk	NOUN
dem-5679	43	16	neutral	neutral	ADJ
dem-5679	43	17	valuation	valuation	NOUN
dem-5679	43	18	methodology	methodology	NOUN
dem-5679	43	19	to	to	ADP
dem-5679	43	20	the	the	DET
dem-5679	43	21	case	case	NOUN
dem-5679	43	22	of	of	ADP
dem-5679	43	23	conditional	conditional	ADJ
dem-5679	43	24	heteroskedasticity	heteroskedasticity	NOUN
dem-5679	43	25	.	.	PUNCT
dem-5679	44	1	letting	let	VERB
dem-5679	44	2	the	the	DET
dem-5679	44	3	conditional	conditional	ADJ
dem-5679	44	4	mean	mean	VERB
dem-5679	44	5	t	t	NUM
dem-5679	44	6	and	and	CCONJ
dem-5679	44	7	conditional	conditional	ADJ
dem-5679	44	8	variance	variance	NOUN
dem-5679	44	9	2	2	NUM
dem-5679	44	10	t	t	NOUN
dem-5679	44	11	be	be	AUX
dem-5679	44	12	measurable	measurable	ADJ
dem-5679	44	13	functions	function	NOUN
dem-5679	44	14	with	with	ADP
dem-5679	44	15	respect	respect	NOUN
dem-5679	44	16	to	to	ADP
dem-5679	44	17	the	the	DET
dem-5679	44	18	information	information	NOUN
dem-5679	44	19	set	set	NOUN
dem-5679	44	20	(	(	PUNCT
dem-5679	44	21	f	f	X
dem-5679	44	22	)	)	PUNCT
dem-5679	44	23	,	,	PUNCT
dem-5679	44	24	the	the	DET
dem-5679	44	25	general	general	ADJ
dem-5679	44	26	model	model	NOUN
dem-5679	44	27	joanna	joanna	PROPN
dem-5679	44	28	górka	górka	PROPN
dem-5679	44	29	dynamic	dynamic	PROPN
dem-5679	44	30	econometric	econometric	ADJ
dem-5679	44	31	models	model	NOUN
dem-5679	44	32	14	14	NUM
dem-5679	44	33	(	(	PUNCT
dem-5679	44	34	2014	2014	NUM
dem-5679	44	35	)	)	PUNCT
dem-5679	44	36	145–160	145–160	NUM
dem-5679	44	37	148	148	NUM
dem-5679	44	38	under	under	ADP
dem-5679	44	39	the	the	DET
dem-5679	44	40	data	datum	NOUN
dem-5679	44	41	generating	generate	VERB
dem-5679	44	42	probability	probability	NOUN
dem-5679	44	43	measure	measure	NOUN
dem-5679	44	44	p	p	NOUN
dem-5679	44	45	is	be	AUX
dem-5679	44	46	given	give	VERB
dem-5679	44	47	by	by	ADP
dem-5679	44	48	(	(	PUNCT
dem-5679	44	49	hafner	hafner	PROPN
dem-5679	44	50	and	and	CCONJ
dem-5679	44	51	herwartz	herwartz	NOUN
dem-5679	44	52	,	,	PUNCT
dem-5679	44	53	2001	2001	NUM
dem-5679	44	54	):	):	PUNCT
dem-5679	44	55			PROPN
dem-5679	44	56			PROPN
dem-5679	44	57			PROPN
dem-5679	44	58			PROPN
dem-5679	44	59	,	,	PUNCT
dem-5679	44	60	;	;	PUNCT
dem-5679	44	61	;	;	PUNCT
dem-5679	44	62	,	,	PUNCT
dem-5679	44	63	,	,	PUNCT
dem-5679	44	64	1,0	1,0	NUM
dem-5679	44	65	...	...	PUNCT
dem-5679	44	66	~	~	PUNCT
dem-5679	44	67	,	,	PUNCT
dem-5679	44	68	=	=	SYM
dem-5679	44	69	22	22	NUM
dem-5679	44	70			NOUN
dem-5679	44	71			PROPN
dem-5679	44	72			PROPN
dem-5679	44	73	tsf	tsf	PROPN
dem-5679	44	74	ndii	ndii	VERB
dem-5679	44	75	y	y	PROPN
dem-5679	44	76	sst	sst	PROPN
dem-5679	44	77	t	t	PROPN
dem-5679	44	78	tttt	tttt	NOUN
dem-5679	44	79			NOUN
dem-5679	44	80			PUNCT
dem-5679	44	81	(	(	PUNCT
dem-5679	44	82	5	5	NUM
dem-5679	44	83	)	)	PUNCT
dem-5679	44	84	where	where	SCONJ
dem-5679	44	85	f	f	PROPN
dem-5679	44	86	is	be	AUX
dem-5679	44	87	a	a	DET
dem-5679	44	88	parametric	parametric	ADJ
dem-5679	44	89	function	function	NOUN
dem-5679	44	90	with	with	ADP
dem-5679	44	91	parameter	parameter	NOUN
dem-5679	44	92	vector	vector	PROPN
dem-5679	44	93			PROPN
dem-5679	44	94	.	.	PUNCT
dem-5679	45	1	in	in	ADP
dem-5679	45	2	garch	garch	NOUN
dem-5679	45	3	models	model	NOUN
dem-5679	45	4	,	,	PUNCT
dem-5679	45	5	it	it	PRON
dem-5679	45	6	is	be	AUX
dem-5679	45	7	not	not	PART
dem-5679	45	8	possible	possible	ADJ
dem-5679	45	9	to	to	PART
dem-5679	45	10	find	find	VERB
dem-5679	45	11	a	a	DET
dem-5679	45	12	risk	risk	NOUN
dem-5679	45	13	-	-	PUNCT
dem-5679	45	14	neutralization	neutralization	NOUN
dem-5679	45	15	procedure	procedure	NOUN
dem-5679	45	16	that	that	PRON
dem-5679	45	17	leaves	leave	VERB
dem-5679	45	18	unchanged	unchanged	ADJ
dem-5679	45	19	the	the	DET
dem-5679	45	20	marginal	marginal	ADJ
dem-5679	45	21	variance	variance	NOUN
dem-5679	45	22	of	of	ADP
dem-5679	45	23	the	the	DET
dem-5679	45	24	process	process	NOUN
dem-5679	45	25	or	or	CCONJ
dem-5679	45	26	the	the	DET
dem-5679	45	27	conditional	conditional	ADJ
dem-5679	45	28	variance	variance	NOUN
dem-5679	45	29	beyond	beyond	ADP
dem-5679	45	30	one	one	NUM
dem-5679	45	31	period	period	NOUN
dem-5679	45	32	.	.	PUNCT
dem-5679	46	1	therefore	therefore	ADV
dem-5679	46	2	duan	duan	PROPN
dem-5679	46	3	(	(	PUNCT
dem-5679	46	4	1995	1995	NUM
dem-5679	46	5	)	)	PUNCT
dem-5679	46	6	introduced	introduce	VERB
dem-5679	46	7	the	the	DET
dem-5679	46	8	local	local	ADJ
dem-5679	46	9	risk	risk	NOUN
dem-5679	46	10	-	-	PUNCT
dem-5679	46	11	neutral	neutral	ADJ
dem-5679	46	12	valuation	valuation	NOUN
dem-5679	46	13	relationship	relationship	NOUN
dem-5679	46	14	(	(	PUNCT
dem-5679	46	15	lrnvr	lrnvr	NOUN
dem-5679	46	16	;	;	PUNCT
dem-5679	46	17	equivalent	equivalent	ADJ
dem-5679	46	18	martingale	martingale	NOUN
dem-5679	46	19	measure	measure	NOUN
dem-5679	46	20	q	q	NOUN
dem-5679	46	21	)	)	PUNCT
dem-5679	46	22	.	.	PUNCT
dem-5679	47	1	the	the	DET
dem-5679	47	2	local	local	ADJ
dem-5679	47	3	risk	risk	NOUN
dem-5679	47	4	-	-	PUNCT
dem-5679	47	5	neutral	neutral	ADJ
dem-5679	47	6	valuation	valuation	NOUN
dem-5679	47	7	relationship	relationship	NOUN
dem-5679	47	8	is	be	AUX
dem-5679	47	9	an	an	DET
dem-5679	47	10	essential	essential	ADJ
dem-5679	47	11	feature	feature	NOUN
dem-5679	47	12	of	of	ADP
dem-5679	47	13	the	the	DET
dem-5679	47	14	equivalence	equivalence	NOUN
dem-5679	47	15	of	of	ADP
dem-5679	47	16	the	the	DET
dem-5679	47	17	conditional	conditional	ADJ
dem-5679	47	18	variances	variance	NOUN
dem-5679	47	19	under	under	ADP
dem-5679	47	20	the	the	DET
dem-5679	47	21	data	data	NOUN
dem-5679	47	22	generating	generate	VERB
dem-5679	47	23	probability	probability	NOUN
dem-5679	47	24	measure	measure	NOUN
dem-5679	47	25	p	p	X
dem-5679	47	26	(	(	PUNCT
dem-5679	47	27	historical	historical	ADJ
dem-5679	47	28	measure	measure	NOUN
dem-5679	47	29	)	)	PUNCT
dem-5679	47	30	and	and	CCONJ
dem-5679	47	31	the	the	DET
dem-5679	47	32	equivalent	equivalent	ADJ
dem-5679	47	33	martingale	martingale	NOUN
dem-5679	47	34	q.	q.	PROPN
dem-5679	47	35	under	under	ADP
dem-5679	47	36	the	the	DET
dem-5679	47	37	measure	measure	NOUN
dem-5679	47	38	q	q	NOUN
dem-5679	47	39	,	,	PUNCT
dem-5679	47	40	the	the	DET
dem-5679	47	41	model	model	NOUN
dem-5679	47	42	is	be	AUX
dem-5679	47	43	as	as	SCONJ
dem-5679	47	44	follows	follow	VERB
dem-5679	47	45	(	(	PUNCT
dem-5679	47	46	hafner	hafner	NOUN
dem-5679	47	47	and	and	CCONJ
dem-5679	47	48	herwartz	herwartz	NOUN
dem-5679	47	49	,	,	PUNCT
dem-5679	47	50	2001	2001	NUM
dem-5679	47	51	):	):	PUNCT
dem-5679	48	1			PROPN
dem-5679	48	2			SYM
dem-5679	48	3			NOUN
dem-5679	48	4			SYM
dem-5679	48	5			NOUN
dem-5679	48	6			PROPN
dem-5679	48	7	,	,	PUNCT
dem-5679	48	8	,	,	PUNCT
dem-5679	48	9	,	,	PUNCT
dem-5679	48	10	;	;	PUNCT
dem-5679	48	11	;	;	PUNCT
dem-5679	48	12	,	,	PUNCT
dem-5679	48	13	,	,	PUNCT
dem-5679	48	14	1,0	1,0	NUM
dem-5679	48	15	...	...	PUNCT
dem-5679	48	16	~	~	PUNCT
dem-5679	48	17	,	,	PUNCT
dem-5679	48	18	=	=	SYM
dem-5679	49	1	22	22	NUM
dem-5679	49	2	t	t	NOUN
dem-5679	49	3	t	t	PROPN
dem-5679	49	4	t	t	PROPN
dem-5679	49	5	ttt	ttt	PROPN
dem-5679	49	6	sst	sst	PROPN
dem-5679	49	7	t	t	PROPN
dem-5679	49	8	ttttt	ttttt	NOUN
dem-5679	49	9	r	r	NOUN
dem-5679	49	10	tsf	tsf	PROPN
dem-5679	49	11	ndii	ndii	VERB
dem-5679	49	12	y	y	PROPN
dem-5679	49	13			PROPN
dem-5679	49	14			X
dem-5679	49	15			PROPN
dem-5679	49	16			X
dem-5679	49	17			PROPN
dem-5679	49	18			NOUN
dem-5679	49	19			PROPN
dem-5679	49	20			NUM
dem-5679	49	21			ADJ
dem-5679	49	22			NOUN
dem-5679	49	23			PROPN
dem-5679	49	24	(	(	PUNCT
dem-5679	49	25	6	6	NUM
dem-5679	49	26	)	)	PUNCT
dem-5679	49	27	where	where	SCONJ
dem-5679	49	28	:	:	PUNCT
dem-5679	49	29	r	r	NOUN
dem-5679	49	30	is	be	AUX
dem-5679	49	31	the	the	DET
dem-5679	49	32	risk	risk	NOUN
dem-5679	49	33	-	-	PUNCT
dem-5679	49	34	free	free	ADJ
dem-5679	49	35	interes	intere	NOUN
dem-5679	49	36	rate	rate	NOUN
dem-5679	49	37	,	,	PUNCT
dem-5679	49	38	ry	ry	NOUN
dem-5679	49	39	tt	tt	PROPN
dem-5679	49	40	=]	=]	PROPN
dem-5679	49	41	|[e	|[e	PROPN
dem-5679	49	42	1fq	1fq	NUM
dem-5679	49	43	,	,	PUNCT
dem-5679	49	44			ADJ
dem-5679	49	45			ADP
dem-5679	49	46			PROPN
dem-5679	49	47	11	11	PRON
dem-5679	49	48	|var|var	|var|var	PROPN
dem-5679	49	49			NOUN
dem-5679	50	1			NUM
dem-5679	50	2	tttt	tttt	INTJ
dem-5679	50	3	yy	yy	INTJ
dem-5679	51	1	ff	ff	NOUN
dem-5679	51	2	qp	qp	ADV
dem-5679	51	3	.	.	PUNCT
dem-5679	52	1	this	this	DET
dem-5679	52	2	procedure	procedure	NOUN
dem-5679	52	3	leaves	leave	VERB
dem-5679	52	4	unchanged	unchanged	ADJ
dem-5679	52	5	the	the	DET
dem-5679	52	6	one	one	NUM
dem-5679	52	7	period	period	NOUN
dem-5679	52	8	ahead	ahead	ADV
dem-5679	52	9	conditional	conditional	ADJ
dem-5679	52	10	variance	variance	NOUN
dem-5679	52	11	and	and	CCONJ
dem-5679	52	12	the	the	DET
dem-5679	52	13	conditional	conditional	ADJ
dem-5679	52	14	expected	expect	VERB
dem-5679	52	15	future	future	ADJ
dem-5679	52	16	return	return	NOUN
dem-5679	52	17	is	be	AUX
dem-5679	52	18	equal	equal	ADJ
dem-5679	52	19	to	to	ADP
dem-5679	52	20	the	the	DET
dem-5679	52	21	risk	risk	NOUN
dem-5679	52	22	-	-	PUNCT
dem-5679	52	23	free	free	ADJ
dem-5679	52	24	interest	interest	NOUN
dem-5679	52	25	rate	rate	NOUN
dem-5679	52	26	at	at	ADP
dem-5679	52	27	each	each	DET
dem-5679	52	28	time	time	NOUN
dem-5679	52	29	t.	t.	PROPN
dem-5679	52	30	discounted	discount	VERB
dem-5679	52	31	asset	asset	NOUN
dem-5679	52	32	price	price	NOUN
dem-5679	52	33	under	under	ADP
dem-5679	52	34	the	the	DET
dem-5679	52	35	measure	measure	NOUN
dem-5679	52	36	q	q	NOUN
dem-5679	52	37	is	be	AUX
dem-5679	52	38	a	a	DET
dem-5679	52	39	martingale	martingale	NOUN
dem-5679	52	40	.	.	PUNCT
dem-5679	53	1	1.2	1.2	NUM
dem-5679	53	2	.	.	PUNCT
dem-5679	54	1	option	option	NOUN
dem-5679	54	2	pricing	pricing	NOUN
dem-5679	54	3	under	under	ADP
dem-5679	54	4	sign	sign	PROPN
dem-5679	54	5	rca	rca	PROPN
dem-5679	54	6	-	-	PUNCT
dem-5679	54	7	garch	garch	NOUN
dem-5679	54	8	models	model	NOUN
dem-5679	54	9	the	the	DET
dem-5679	54	10	rca	rca	PROPN
dem-5679	54	11	-	-	PUNCT
dem-5679	54	12	garch	garch	NOUN
dem-5679	54	13	models	model	NOUN
dem-5679	54	14	were	be	AUX
dem-5679	54	15	proposed	propose	VERB
dem-5679	54	16	by	by	ADP
dem-5679	54	17	thavaneswaran	thavaneswaran	PROPN
dem-5679	54	18	et	et	PROPN
dem-5679	54	19	al	al	PROPN
dem-5679	54	20	.	.	PROPN
dem-5679	54	21	,	,	PUNCT
dem-5679	54	22	(	(	PUNCT
dem-5679	54	23	2006a	2006a	NUM
dem-5679	54	24	)	)	PUNCT
dem-5679	54	25	.	.	PUNCT
dem-5679	55	1	the	the	DET
dem-5679	55	2	rca(1)-garch(1,1	rca(1)-garch(1,1	NOUN
dem-5679	55	3	)	)	PUNCT
dem-5679	55	4	model	model	NOUN
dem-5679	55	5	has	have	VERB
dem-5679	55	6	the	the	DET
dem-5679	55	7	following	follow	VERB
dem-5679	55	8	form	form	NOUN
dem-5679	55	9	:	:	PUNCT
dem-5679	55	10			PROPN
dem-5679	55	11			PUNCT
dem-5679	55	12	,	,	PUNCT
dem-5679	55	13	1	1	NUM
dem-5679	55	14	tttt	tttt	NOUN
dem-5679	55	15	yy	yy	PROPN
dem-5679	55	16			PROPN
dem-5679	55	17			X
dem-5679	55	18			PROPN
dem-5679	55	19	(	(	PUNCT
dem-5679	55	20	7	7	NUM
dem-5679	55	21	)	)	PUNCT
dem-5679	55	22	option	option	NOUN
dem-5679	55	23	pricing	pricing	NOUN
dem-5679	55	24	under	under	ADP
dem-5679	55	25	sign	sign	PROPN
dem-5679	55	26	rca	rca	PROPN
dem-5679	55	27	-	-	PUNCT
dem-5679	55	28	garch	garch	NOUN
dem-5679	55	29	models	model	NOUN
dem-5679	55	30	dynamic	dynamic	ADJ
dem-5679	55	31	econometric	econometric	ADJ
dem-5679	55	32	models	model	NOUN
dem-5679	55	33	14	14	NUM
dem-5679	55	34	(	(	PUNCT
dem-5679	55	35	2014	2014	NUM
dem-5679	55	36	)	)	PUNCT
dem-5679	55	37	145–160	145–160	NUM
dem-5679	55	38	149	149	NUM
dem-5679	55	39	,	,	PUNCT
dem-5679	55	40	ttt	ttt	PROPN
dem-5679	55	41			PROPN
dem-5679	55	42			PROPN
dem-5679	56	1	(	(	PUNCT
dem-5679	56	2	8)	8)	NUM
dem-5679	56	3	,	,	PUNCT
dem-5679	56	4	2	2	NUM
dem-5679	56	5	1	1	NUM
dem-5679	56	6	-	-	PUNCT
dem-5679	56	7	t1	t1	NOUN
dem-5679	56	8	2	2	NUM
dem-5679	56	9	110	110	NUM
dem-5679	56	10	2	2	NUM
dem-5679	56	11	t	t	NOUN
dem-5679	56	12			PROPN
dem-5679	56	13			PUNCT
dem-5679	56	14	t	t	NOUN
dem-5679	56	15	(	(	PUNCT
dem-5679	56	16	9	9	NUM
dem-5679	56	17	)	)	PUNCT
dem-5679	56	18	where	where	SCONJ
dem-5679	56	19	,	,	PUNCT
dem-5679	56	20			NOUN
dem-5679	56	21	,	,	PUNCT
dem-5679	56	22	0	0	PROPN
dem-5679	56	23	,	,	PUNCT
dem-5679	56	24	1	1	PROPN
dem-5679	56	25	1	1	PROPN
dem-5679	56	26	are	be	AUX
dem-5679	56	27	parameters	parameter	NOUN
dem-5679	56	28	of	of	ADP
dem-5679	56	29	model	model	NOUN
dem-5679	56	30	,	,	PUNCT
dem-5679	56	31			PROPN
dem-5679	56	32	,,0	,,0	ADV
dem-5679	56	33	...	...	PUNCT
dem-5679	56	34	~	~	PUNCT
dem-5679	56	35	2	2	NUM
dem-5679	56	36			NOUN
dem-5679	56	37	diit	diit	VERB
dem-5679	56	38			PROPN
dem-5679	56	39	,,0	,,0	ADV
dem-5679	56	40	...	...	PUNCT
dem-5679	56	41	~	~	SYM
dem-5679	56	42	2	2	NUM
dem-5679	56	43			NOUN
dem-5679	56	44	diit	diit	NOUN
dem-5679	56	45	,	,	PUNCT
dem-5679	56	46	00	00	PUNCT
dem-5679	57	1			PROPN
dem-5679	57	2	,	,	PUNCT
dem-5679	57	3	01	01	NUM
dem-5679	57	4			ADJ
dem-5679	57	5	.01	.01	NUM
dem-5679	57	6			PROPN
dem-5679	57	7	theoretical	theoretical	ADJ
dem-5679	57	8	properties	property	NOUN
dem-5679	57	9	of	of	ADP
dem-5679	57	10	this	this	DET
dem-5679	57	11	model	model	NOUN
dem-5679	57	12	can	can	AUX
dem-5679	57	13	be	be	AUX
dem-5679	57	14	found	find	VERB
dem-5679	57	15	among	among	ADP
dem-5679	57	16	others	other	NOUN
dem-5679	57	17	:	:	PUNCT
dem-5679	57	18	górka	górka	PROPN
dem-5679	57	19	(	(	PUNCT
dem-5679	57	20	2012	2012	NUM
dem-5679	57	21	)	)	PUNCT
dem-5679	57	22	,	,	PUNCT
dem-5679	57	23	thavaneswaran	thavaneswaran	PROPN
dem-5679	57	24	et	et	PROPN
dem-5679	57	25	al	al	PROPN
dem-5679	57	26	.	.	PROPN
dem-5679	57	27	,	,	PUNCT
dem-5679	57	28	(	(	PUNCT
dem-5679	57	29	2006a	2006a	NOUN
dem-5679	57	30	,	,	PUNCT
dem-5679	57	31	2006b	2006b	NUM
dem-5679	57	32	,	,	PUNCT
dem-5679	57	33	2008	2008	NUM
dem-5679	57	34	,	,	PUNCT
dem-5679	57	35	2009	2009	NUM
dem-5679	57	36	)	)	PUNCT
dem-5679	57	37	.	.	PUNCT
dem-5679	58	1	it	it	PRON
dem-5679	58	2	is	be	AUX
dem-5679	58	3	worth	worth	ADJ
dem-5679	58	4	noting	note	VERB
dem-5679	58	5	,	,	PUNCT
dem-5679	58	6	that	that	SCONJ
dem-5679	58	7	the	the	DET
dem-5679	58	8	value	value	NOUN
dem-5679	58	9	of	of	ADP
dem-5679	58	10	unconditional	unconditional	ADJ
dem-5679	58	11	variance	variance	NOUN
dem-5679	58	12	and	and	CCONJ
dem-5679	58	13	kurtosis	kurtosis	VERB
dem-5679	58	14	increases	increase	NOUN
dem-5679	58	15	in	in	ADP
dem-5679	58	16	comparison	comparison	NOUN
dem-5679	58	17	with	with	ADP
dem-5679	58	18	ordinary	ordinary	ADJ
dem-5679	58	19	ar(1)-garch(1,1	ar(1)-garch(1,1	NOUN
dem-5679	58	20	)	)	PUNCT
dem-5679	58	21	.	.	PUNCT
dem-5679	59	1	we	we	PRON
dem-5679	59	2	can	can	AUX
dem-5679	59	3	define	define	VERB
dem-5679	59	4	the	the	DET
dem-5679	59	5	rca(1)-garch(1,1	rca(1)-garch(1,1	NOUN
dem-5679	59	6	)	)	PUNCT
dem-5679	59	7	option	option	NOUN
dem-5679	59	8	pricing	pricing	NOUN
dem-5679	59	9	model	model	NOUN
dem-5679	59	10	under	under	ADP
dem-5679	59	11	the	the	DET
dem-5679	59	12	historical	historical	ADJ
dem-5679	59	13	measure	measure	NOUN
dem-5679	59	14	p	p	X
dem-5679	59	15	:	:	PUNCT
dem-5679	59	16			NOUN
dem-5679	59	17			PROPN
dem-5679	59	18			NOUN
dem-5679	59	19			PROPN
dem-5679	59	20	,	,	PUNCT
dem-5679	59	21	,	,	PUNCT
dem-5679	59	22	1,0~	1,0~	NUM
dem-5679	59	23	,	,	PUNCT
dem-5679	59	24	)	)	PUNCT
dem-5679	59	25	(=	(=	NOUN
dem-5679	59	26	2	2	NUM
dem-5679	59	27	11	11	NUM
dem-5679	59	28	2	2	NUM
dem-5679	59	29	110	110	NUM
dem-5679	59	30	2	2	NUM
dem-5679	59	31	1	1	NUM
dem-5679	59	32			NOUN
dem-5679	59	33			NOUN
dem-5679	59	34			PUNCT
dem-5679	59	35			PROPN
dem-5679	59	36	ttt	ttt	PROPN
dem-5679	59	37	t	t	PROPN
dem-5679	59	38	ttttt	ttttt	NOUN
dem-5679	59	39	n	n	PROPN
dem-5679	59	40	yy	yy	PROPN
dem-5679	59	41			PROPN
dem-5679	59	42			PROPN
dem-5679	59	43			NOUN
dem-5679	59	44	(	(	PUNCT
dem-5679	59	45	10	10	NUM
dem-5679	59	46	)	)	PUNCT
dem-5679	59	47	and	and	CCONJ
dem-5679	59	48	under	under	ADP
dem-5679	59	49	the	the	DET
dem-5679	59	50	measure	measure	NOUN
dem-5679	59	51	q	q	NOUN
dem-5679	59	52	:	:	PUNCT
dem-5679	59	53			NOUN
dem-5679	59	54			SYM
dem-5679	59	55			NOUN
dem-5679	59	56			NOUN
dem-5679	59	57			NOUN
dem-5679	59	58			NOUN
dem-5679	59	59			PROPN
dem-5679	59	60	,	,	PUNCT
dem-5679	59	61	,	,	PUNCT
dem-5679	59	62	,	,	PUNCT
dem-5679	59	63	1,0~	1,0~	INTJ
dem-5679	59	64	,	,	PUNCT
dem-5679	59	65	=	=	NOUN
dem-5679	60	1	1	1	NUM
dem-5679	60	2	121	121	NUM
dem-5679	60	3	1	1	NUM
dem-5679	60	4	2	2	NUM
dem-5679	60	5	11	11	NUM
dem-5679	60	6	2	2	NUM
dem-5679	60	7	1110	1110	NUM
dem-5679	60	8	2	2	NUM
dem-5679	60	9	1	1	NUM
dem-5679	60	10			NOUN
dem-5679	60	11			PUNCT
dem-5679	60	12			VERB
dem-5679	60	13			NOUN
dem-5679	60	14			PROPN
dem-5679	60	15			PROPN
dem-5679	60	16			PROPN
dem-5679	60	17			PROPN
dem-5679	60	18	t	t	PROPN
dem-5679	60	19	tt	tt	PROPN
dem-5679	60	20	t	t	PROPN
dem-5679	60	21	tttt	tttt	PROPN
dem-5679	60	22	t	t	PROPN
dem-5679	60	23	ttt	ttt	PROPN
dem-5679	60	24	ry	ry	PROPN
dem-5679	60	25	n	n	PROPN
dem-5679	60	26	ry	ry	PROPN
dem-5679	60	27			PROPN
dem-5679	60	28			NOUN
dem-5679	60	29			NOUN
dem-5679	60	30			PROPN
dem-5679	60	31			PROPN
dem-5679	60	32	(	(	PUNCT
dem-5679	60	33	11	11	NUM
dem-5679	60	34	)	)	PUNCT
dem-5679	60	35	where	where	SCONJ
dem-5679	60	36	1r	1r	NOUN
dem-5679	60	37	is	be	AUX
dem-5679	60	38	the	the	DET
dem-5679	60	39	one	one	NUM
dem-5679	60	40	-	-	PUNCT
dem-5679	60	41	day	day	NOUN
dem-5679	60	42	risk	risk	NOUN
dem-5679	60	43	-	-	PUNCT
dem-5679	60	44	free	free	ADJ
dem-5679	60	45	interest	interest	NOUN
dem-5679	60	46	rate	rate	NOUN
dem-5679	60	47	.	.	PUNCT
dem-5679	61	1	for	for	ADP
dem-5679	61	2	the	the	DET
dem-5679	61	3	rca(1)-garch(1,1	rca(1)-garch(1,1	NOUN
dem-5679	61	4	)	)	PUNCT
dem-5679	61	5	model	model	NOUN
dem-5679	61	6	,	,	PUNCT
dem-5679	61	7	like	like	ADP
dem-5679	61	8	for	for	ADP
dem-5679	61	9	the	the	DET
dem-5679	61	10	ar(1)-garch(1,1	ar(1)-garch(1,1	PROPN
dem-5679	61	11	)	)	PUNCT
dem-5679	61	12	(	(	PUNCT
dem-5679	61	13	hafner	hafner	NOUN
dem-5679	61	14	and	and	CCONJ
dem-5679	61	15	herwartz	herwartz	NOUN
dem-5679	61	16	,	,	PUNCT
dem-5679	61	17	2001	2001	NUM
dem-5679	61	18	)	)	PUNCT
dem-5679	61	19	,	,	PUNCT
dem-5679	61	20	we	we	PRON
dem-5679	61	21	can	can	AUX
dem-5679	61	22	obtain	obtain	VERB
dem-5679	61	23	the	the	DET
dem-5679	61	24	unconditional	unconditional	ADJ
dem-5679	61	25	variance	variance	NOUN
dem-5679	61	26	under	under	ADP
dem-5679	61	27	the	the	DET
dem-5679	61	28	measure	measure	NOUN
dem-5679	61	29	q.	q.	NOUN
dem-5679	61	30	proposition	proposition	NOUN
dem-5679	61	31	1	1	NUM
dem-5679	61	32	(	(	PUNCT
dem-5679	61	33	górka	górka	NOUN
dem-5679	61	34	2012	2012	NUM
dem-5679	61	35	)	)	PUNCT
dem-5679	61	36	.	.	PUNCT
dem-5679	62	1	under	under	ADP
dem-5679	62	2	the	the	DET
dem-5679	62	3	measure	measure	NOUN
dem-5679	62	4	q	q	NOUN
dem-5679	62	5	,	,	PUNCT
dem-5679	62	6	the	the	DET
dem-5679	62	7	unconditional	unconditional	ADJ
dem-5679	62	8	variance	variance	NOUN
dem-5679	62	9	of	of	ADP
dem-5679	62	10	yt	yt	PROPN
dem-5679	62	11	under	under	ADP
dem-5679	62	12	stationarity	stationarity	NOUN
dem-5679	62	13	is	be	AUX
dem-5679	62	14	finite	finite	ADJ
dem-5679	62	15	if	if	SCONJ
dem-5679	62	16			NOUN
dem-5679	62	17			PROPN
dem-5679	62	18	11	11	NUM
dem-5679	62	19	1	1	NUM
dem-5679	62	20	22	22	NUM
dem-5679	62	21	1	1	NUM
dem-5679	62	22			PROPN
dem-5679	62	23			NOUN
dem-5679	62	24			NUM
dem-5679	62	25	,	,	PUNCT
dem-5679	62	26	and	and	CCONJ
dem-5679	62	27			NOUN
dem-5679	62	28			SYM
dem-5679	62	29			NOUN
dem-5679	62	30			NOUN
dem-5679	62	31			ADP
dem-5679	62	32			NOUN
dem-5679	62	33			PROPN
dem-5679	62	34	1	1	NUM
dem-5679	62	35	22	22	NUM
dem-5679	62	36	1	1	NUM
dem-5679	62	37	222	222	NUM
dem-5679	62	38	110	110	NUM
dem-5679	62	39	11	11	NUM
dem-5679	62	40	1	1	NUM
dem-5679	62	41	var	var	NOUN
dem-5679	62	42			NOUN
dem-5679	62	43			PROPN
dem-5679	63	1			NUM
dem-5679	63	2			NUM
dem-5679	63	3			NOUN
dem-5679	63	4			NOUN
dem-5679	63	5			NOUN
dem-5679	63	6	r	r	NOUN
dem-5679	63	7	yt	yt	NOUN
dem-5679	63	8	q	q	NOUN
dem-5679	63	9	.	.	PUNCT
dem-5679	64	1	the	the	DET
dem-5679	64	2	sign	sign	PROPN
dem-5679	64	3	rca(1)-garch(1,1	rca(1)-garch(1,1	PROPN
dem-5679	64	4	)	)	PUNCT
dem-5679	64	5	models	model	NOUN
dem-5679	64	6	proposed	propose	VERB
dem-5679	64	7	by	by	ADP
dem-5679	64	8	thavaneswaran	thavaneswaran	PROPN
dem-5679	64	9	,	,	PUNCT
dem-5679	64	10	et	et	PROPN
dem-5679	64	11	al	al	PROPN
dem-5679	64	12	.	.	PROPN
dem-5679	64	13	,	,	PUNCT
dem-5679	64	14	(	(	PUNCT
dem-5679	64	15	2006a	2006a	NOUN
dem-5679	64	16	)	)	PUNCT
dem-5679	64	17	have	have	VERB
dem-5679	64	18	the	the	DET
dem-5679	64	19	following	follow	VERB
dem-5679	64	20	form	form	NOUN
dem-5679	64	21	:	:	PUNCT
dem-5679	64	22	joanna	joanna	PROPN
dem-5679	64	23	górka	górka	PROPN
dem-5679	64	24	dynamic	dynamic	ADJ
dem-5679	64	25	econometric	econometric	ADJ
dem-5679	64	26	models	model	NOUN
dem-5679	64	27	14	14	NUM
dem-5679	64	28	(	(	PUNCT
dem-5679	64	29	2014	2014	NUM
dem-5679	64	30	)	)	PUNCT
dem-5679	64	31	145–160	145–160	NUM
dem-5679	64	32	150	150	NUM
dem-5679	64	33	,	,	PUNCT
dem-5679	64	34	)	)	PUNCT
dem-5679	64	35	(=	(=	NOUN
dem-5679	64	36	11	11	NUM
dem-5679	64	37	ttttt	ttttt	NOUN
dem-5679	64	38	ysy	ysy	NUM
dem-5679	64	39			X
dem-5679	64	40			PROPN
dem-5679	64	41			PROPN
dem-5679	64	42	(	(	PUNCT
dem-5679	64	43	12	12	NUM
dem-5679	64	44	)	)	PUNCT
dem-5679	64	45	,	,	PUNCT
dem-5679	64	46	=	=	PROPN
dem-5679	64	47	ttt	ttt	PROPN
dem-5679	64	48			PROPN
dem-5679	64	49	(	(	PUNCT
dem-5679	64	50	13	13	NUM
dem-5679	64	51	)	)	PUNCT
dem-5679	64	52	,	,	PUNCT
dem-5679	64	53	=	=	NOUN
dem-5679	64	54	2	2	NUM
dem-5679	64	55	11	11	NUM
dem-5679	64	56	2	2	NUM
dem-5679	64	57	110	110	NUM
dem-5679	64	58	2	2	NUM
dem-5679	64	59			NOUN
dem-5679	64	60			PROPN
dem-5679	64	61	ttt	ttt	PROPN
dem-5679	64	62			PROPN
dem-5679	64	63	(	(	PUNCT
dem-5679	64	64	14	14	NUM
dem-5679	64	65	)	)	PUNCT
dem-5679	64	66	where	where	SCONJ
dem-5679	64	67			NOUN
dem-5679	64	68	,	,	PUNCT
dem-5679	64	69			PROPN
dem-5679	64	70	,	,	PUNCT
dem-5679	64	71	0	0	PROPN
dem-5679	64	72	,	,	PUNCT
dem-5679	64	73	1	1	PROPN
dem-5679	64	74	,	,	PUNCT
dem-5679	64	75	1	1	PROPN
dem-5679	64	76	are	be	AUX
dem-5679	64	77	parameters	parameter	NOUN
dem-5679	64	78	of	of	ADP
dem-5679	64	79	model	model	NOUN
dem-5679	64	80	,	,	PUNCT
dem-5679	64	81			PROPN
dem-5679	64	82	,,0	,,0	ADV
dem-5679	64	83	...	...	PUNCT
dem-5679	64	84	~	~	PUNCT
dem-5679	64	85	2	2	NUM
dem-5679	64	86			NOUN
dem-5679	64	87	diit	diit	VERB
dem-5679	64	88			PROPN
dem-5679	64	89	,,0	,,0	ADV
dem-5679	64	90	...	...	PUNCT
dem-5679	64	91	~	~	SYM
dem-5679	64	92	2	2	NUM
dem-5679	64	93			NOUN
dem-5679	64	94	diit	diit	NOUN
dem-5679	64	95	,	,	PUNCT
dem-5679	64	96	00	00	PUNCT
dem-5679	65	1			ADJ
dem-5679	65	2	,	,	PUNCT
dem-5679	65	3	01	01	NUM
dem-5679	65	4			ADJ
dem-5679	65	5	,	,	PUNCT
dem-5679	65	6	01	01	NUM
dem-5679	65	7			PROPN
dem-5679	65	8			NUM
dem-5679	65	9			PROPN
dem-5679	65	10			NUM
dem-5679	65	11			NUM
dem-5679	65	12			ADV
dem-5679	65	13			VERB
dem-5679	65	14	0	0	NUM
dem-5679	65	15	<	<	X
dem-5679	65	16	for1	for1	VERB
dem-5679	65	17	0	0	NUM
dem-5679	66	1	=	=	NOUN
dem-5679	66	2	for0	for0	NOUN
dem-5679	66	3	0	0	NUM
dem-5679	66	4	>	>	X
dem-5679	66	5	for1	for1	VERB
dem-5679	67	1	=	=	PUNCT
dem-5679	67	2	t	t	PROPN
dem-5679	67	3	t	t	PROPN
dem-5679	67	4	t	t	PROPN
dem-5679	67	5	t	t	PROPN
dem-5679	67	6	y	y	PROPN
dem-5679	67	7	y	y	PROPN
dem-5679	67	8	y	y	PROPN
dem-5679	67	9	s	s	PROPN
dem-5679	67	10	.	.	PUNCT
dem-5679	68	1	the	the	DET
dem-5679	68	2	sign	sign	NOUN
dem-5679	68	3	function	function	VERB
dem-5679	68	4			NOUN
dem-5679	68	5	ts	ts	NUM
dem-5679	68	6	has	have	VERB
dem-5679	68	7	the	the	DET
dem-5679	68	8	interpretation	interpretation	NOUN
dem-5679	68	9	:	:	PUNCT
dem-5679	68	10	if	if	SCONJ
dem-5679	68	11			NUM
dem-5679	68	12	t	t	NOUN
dem-5679	68	13	,	,	PUNCT
dem-5679	68	14	the	the	DET
dem-5679	68	15	negative	negative	ADJ
dem-5679	68	16	value	value	NOUN
dem-5679	68	17	of	of	ADP
dem-5679	68	18			PROPN
dem-5679	68	19	means	mean	VERB
dem-5679	68	20	that	that	SCONJ
dem-5679	68	21	the	the	DET
dem-5679	68	22	negative	negative	ADJ
dem-5679	68	23	(	(	PUNCT
dem-5679	68	24	positive	positive	ADJ
dem-5679	68	25	)	)	PUNCT
dem-5679	68	26	observation	observation	NOUN
dem-5679	68	27	values	value	NOUN
dem-5679	68	28	at	at	ADP
dem-5679	68	29	time	time	NOUN
dem-5679	68	30	1t	1t	NUM
dem-5679	68	31	correspond	correspond	VERB
dem-5679	68	32	to	to	ADP
dem-5679	68	33	a	a	DET
dem-5679	68	34	decrease	decrease	NOUN
dem-5679	68	35	(	(	PUNCT
dem-5679	68	36	increase	increase	NOUN
dem-5679	68	37	)	)	PUNCT
dem-5679	68	38	of	of	ADP
dem-5679	68	39	observation	observation	NOUN
dem-5679	68	40	values	value	NOUN
dem-5679	68	41	at	at	ADP
dem-5679	68	42	time	time	NOUN
dem-5679	68	43	t	t	PROPN
dem-5679	68	44	.	.	PUNCT
dem-5679	69	1	in	in	ADP
dem-5679	69	2	the	the	DET
dem-5679	69	3	case	case	NOUN
dem-5679	69	4	of	of	ADP
dem-5679	69	5	stock	stock	NOUN
dem-5679	69	6	returns	return	NOUN
dem-5679	69	7	it	it	PRON
dem-5679	69	8	would	would	AUX
dem-5679	69	9	suggest	suggest	VERB
dem-5679	69	10	(	(	PUNCT
dem-5679	69	11	for	for	ADP
dem-5679	69	12	returns	return	NOUN
dem-5679	69	13	)	)	PUNCT
dem-5679	69	14	that	that	SCONJ
dem-5679	69	15	after	after	ADP
dem-5679	69	16	a	a	DET
dem-5679	69	17	decrease	decrease	NOUN
dem-5679	69	18	of	of	ADP
dem-5679	69	19	stock	stock	NOUN
dem-5679	69	20	returns	return	NOUN
dem-5679	69	21	,	,	PUNCT
dem-5679	69	22	the	the	DET
dem-5679	69	23	higher	high	ADJ
dem-5679	69	24	decrease	decrease	NOUN
dem-5679	69	25	of	of	ADP
dem-5679	69	26	stock	stock	NOUN
dem-5679	69	27	returns	return	NOUN
dem-5679	69	28	occurs	occur	VERB
dem-5679	69	29	than	than	SCONJ
dem-5679	69	30	expected	expect	VERB
dem-5679	69	31	,	,	PUNCT
dem-5679	69	32	and	and	CCONJ
dem-5679	69	33	in	in	ADP
dem-5679	69	34	the	the	DET
dem-5679	69	35	case	case	NOUN
dem-5679	69	36	of	of	ADP
dem-5679	69	37	the	the	DET
dem-5679	69	38	increase	increase	NOUN
dem-5679	69	39	of	of	ADP
dem-5679	69	40	stock	stock	NOUN
dem-5679	69	41	returns	return	NOUN
dem-5679	69	42	the	the	DET
dem-5679	69	43	lower	low	ADJ
dem-5679	69	44	increase	increase	NOUN
dem-5679	69	45	in	in	ADP
dem-5679	69	46	stock	stock	NOUN
dem-5679	69	47	returns	return	NOUN
dem-5679	69	48	occurs	occur	VERB
dem-5679	69	49	than	than	SCONJ
dem-5679	69	50	expected	expect	VERB
dem-5679	69	51	.	.	PUNCT
dem-5679	70	1	theoretical	theoretical	ADJ
dem-5679	70	2	properties	property	NOUN
dem-5679	70	3	of	of	ADP
dem-5679	70	4	this	this	DET
dem-5679	70	5	model	model	NOUN
dem-5679	70	6	can	can	AUX
dem-5679	70	7	be	be	AUX
dem-5679	70	8	found	find	VERB
dem-5679	70	9	among	among	ADP
dem-5679	70	10	others	other	NOUN
dem-5679	70	11	:	:	PUNCT
dem-5679	70	12	górka	górka	PROPN
dem-5679	70	13	(	(	PUNCT
dem-5679	70	14	2012	2012	NUM
dem-5679	70	15	)	)	PUNCT
dem-5679	70	16	,	,	PUNCT
dem-5679	70	17	thavaneswaran	thavaneswaran	PROPN
dem-5679	70	18	et	et	PROPN
dem-5679	70	19	al	al	PROPN
dem-5679	70	20	.	.	PROPN
dem-5679	70	21	,	,	PUNCT
dem-5679	70	22	(	(	PUNCT
dem-5679	70	23	2006a	2006a	NOUN
dem-5679	70	24	,	,	PUNCT
dem-5679	70	25	2006b	2006b	NUM
dem-5679	70	26	,	,	PUNCT
dem-5679	70	27	2008	2008	NUM
dem-5679	70	28	,	,	PUNCT
dem-5679	70	29	2009	2009	NUM
dem-5679	70	30	)	)	PUNCT
dem-5679	70	31	.	.	PUNCT
dem-5679	71	1	it	it	PRON
dem-5679	71	2	is	be	AUX
dem-5679	71	3	worth	worth	ADJ
dem-5679	71	4	noting	note	VERB
dem-5679	71	5	,	,	PUNCT
dem-5679	71	6	that	that	SCONJ
dem-5679	71	7	the	the	DET
dem-5679	71	8	adding	add	VERB
dem-5679	71	9	the	the	DET
dem-5679	71	10	sign	sign	NOUN
dem-5679	71	11	function	function	NOUN
dem-5679	71	12	has	have	AUX
dem-5679	71	13	influence	influence	NOUN
dem-5679	71	14	the	the	DET
dem-5679	71	15	increase	increase	NOUN
dem-5679	71	16	of	of	ADP
dem-5679	71	17	unconditional	unconditional	ADJ
dem-5679	71	18	variance	variance	NOUN
dem-5679	71	19	and	and	CCONJ
dem-5679	71	20	kurtosis	kurtosis	NOUN
dem-5679	71	21	in	in	ADP
dem-5679	71	22	comparison	comparison	NOUN
dem-5679	71	23	with	with	ADP
dem-5679	71	24	rca(1)-garch(1,1	rca(1)-garch(1,1	NOUN
dem-5679	71	25	)	)	PUNCT
dem-5679	71	26	,	,	PUNCT
dem-5679	71	27	and	and	CCONJ
dem-5679	71	28	therefore	therefore	ADV
dem-5679	71	29	also	also	ADV
dem-5679	71	30	with	with	ADP
dem-5679	71	31	ordinary	ordinary	ADJ
dem-5679	71	32	ar(1)-garch(1,1	ar(1)-garch(1,1	NOUN
dem-5679	71	33	)	)	PUNCT
dem-5679	71	34	.	.	PUNCT
dem-5679	72	1	under	under	ADP
dem-5679	72	2	the	the	DET
dem-5679	72	3	historical	historical	ADJ
dem-5679	72	4	measure	measure	NOUN
dem-5679	72	5	p	p	PROPN
dem-5679	72	6	the	the	DET
dem-5679	72	7	sign	sign	PROPN
dem-5679	72	8	rca(1)-garch(1,1	rca(1)-garch(1,1	NOUN
dem-5679	72	9	)	)	PUNCT
dem-5679	72	10	option	option	NOUN
dem-5679	72	11	pricing	pricing	NOUN
dem-5679	72	12	model	model	NOUN
dem-5679	72	13	can	can	AUX
dem-5679	72	14	be	be	AUX
dem-5679	72	15	defined	define	VERB
dem-5679	72	16	:	:	PUNCT
dem-5679	72	17			NOUN
dem-5679	72	18			PROPN
dem-5679	72	19			NOUN
dem-5679	72	20			PROPN
dem-5679	72	21	,	,	PUNCT
dem-5679	72	22	,	,	PUNCT
dem-5679	72	23	1,0~	1,0~	NUM
dem-5679	72	24	,	,	PUNCT
dem-5679	72	25	)	)	PUNCT
dem-5679	72	26	(=	(=	NOUN
dem-5679	72	27	2	2	NUM
dem-5679	72	28	11	11	NUM
dem-5679	72	29	2	2	NUM
dem-5679	72	30	110	110	NUM
dem-5679	72	31	2	2	NUM
dem-5679	72	32	11	11	NUM
dem-5679	72	33			NUM
dem-5679	72	34			PROPN
dem-5679	72	35			NOUN
dem-5679	72	36			NUM
dem-5679	72	37	ttt	ttt	NOUN
dem-5679	72	38	t	t	PROPN
dem-5679	72	39	tttttt	tttttt	NOUN
dem-5679	72	40	n	n	PROPN
dem-5679	72	41	ysy	ysy	NOUN
dem-5679	72	42			PROPN
dem-5679	72	43			PROPN
dem-5679	72	44			NOUN
dem-5679	72	45	(	(	PUNCT
dem-5679	72	46	15	15	NUM
dem-5679	72	47	)	)	PUNCT
dem-5679	72	48	under	under	ADP
dem-5679	72	49	the	the	DET
dem-5679	72	50	martingale	martingale	ADJ
dem-5679	72	51	measure	measure	NOUN
dem-5679	72	52	q	q	PROPN
dem-5679	72	53	the	the	DET
dem-5679	72	54	sign	sign	PROPN
dem-5679	72	55	rca(1)-garch(1,1	rca(1)-garch(1,1	NOUN
dem-5679	72	56	)	)	PUNCT
dem-5679	72	57	option	option	NOUN
dem-5679	72	58	pricing	pricing	NOUN
dem-5679	72	59	model	model	NOUN
dem-5679	72	60	takes	take	VERB
dem-5679	72	61	the	the	DET
dem-5679	72	62	form	form	NOUN
dem-5679	72	63	:	:	PUNCT
dem-5679	72	64			NOUN
dem-5679	72	65			SYM
dem-5679	72	66			NOUN
dem-5679	72	67			NOUN
dem-5679	72	68			NOUN
dem-5679	72	69			NOUN
dem-5679	72	70			PROPN
dem-5679	72	71	,	,	PUNCT
dem-5679	72	72	,	,	PUNCT
dem-5679	72	73	,	,	PUNCT
dem-5679	72	74	1,0~	1,0~	INTJ
dem-5679	72	75	,	,	PUNCT
dem-5679	72	76	=	=	NOUN
dem-5679	73	1	1	1	NUM
dem-5679	73	2	1221	1221	NUM
dem-5679	73	3	1	1	NUM
dem-5679	73	4	2	2	NUM
dem-5679	73	5	11	11	NUM
dem-5679	73	6	2	2	NUM
dem-5679	73	7	1110	1110	NUM
dem-5679	73	8	2	2	NUM
dem-5679	73	9	1	1	NUM
dem-5679	73	10			NOUN
dem-5679	73	11			NUM
dem-5679	73	12			PROPN
dem-5679	73	13			NOUN
dem-5679	73	14			VERB
dem-5679	73	15			PROPN
dem-5679	73	16			PROPN
dem-5679	73	17			PROPN
dem-5679	73	18	t	t	PROPN
dem-5679	73	19	ttt	ttt	PROPN
dem-5679	73	20	t	t	PROPN
dem-5679	73	21	tttt	tttt	PROPN
dem-5679	73	22	t	t	PROPN
dem-5679	73	23	ttt	ttt	PROPN
dem-5679	73	24	rys	rys	PROPN
dem-5679	73	25	n	n	CCONJ
dem-5679	73	26	ry	ry	PROPN
dem-5679	73	27			PROPN
dem-5679	73	28			NOUN
dem-5679	73	29			NOUN
dem-5679	73	30			PROPN
dem-5679	73	31			PROPN
dem-5679	73	32	(	(	PUNCT
dem-5679	73	33	16	16	NUM
dem-5679	73	34	)	)	PUNCT
dem-5679	73	35	option	option	NOUN
dem-5679	73	36	pricing	pricing	NOUN
dem-5679	73	37	under	under	ADP
dem-5679	73	38	sign	sign	PROPN
dem-5679	73	39	rca	rca	PROPN
dem-5679	73	40	-	-	PUNCT
dem-5679	73	41	garch	garch	NOUN
dem-5679	73	42	models	model	NOUN
dem-5679	73	43	dynamic	dynamic	ADJ
dem-5679	73	44	econometric	econometric	ADJ
dem-5679	73	45	models	model	NOUN
dem-5679	73	46	14	14	NUM
dem-5679	73	47	(	(	PUNCT
dem-5679	73	48	2014	2014	NUM
dem-5679	73	49	)	)	PUNCT
dem-5679	73	50	145–160	145–160	NUM
dem-5679	73	51	151	151	NUM
dem-5679	73	52	for	for	ADP
dem-5679	73	53	the	the	DET
dem-5679	73	54	sign	sign	PROPN
dem-5679	73	55	rca(1)-garch(1,1	rca(1)-garch(1,1	PROPN
dem-5679	73	56	)	)	PUNCT
dem-5679	73	57	model	model	NOUN
dem-5679	73	58	,	,	PUNCT
dem-5679	73	59	like	like	ADP
dem-5679	73	60	for	for	ADP
dem-5679	73	61	the	the	DET
dem-5679	73	62	rca(1)garch(1,1	rca(1)garch(1,1	NOUN
dem-5679	73	63	)	)	PUNCT
dem-5679	73	64	,	,	PUNCT
dem-5679	73	65	we	we	PRON
dem-5679	73	66	can	can	AUX
dem-5679	73	67	obtain	obtain	VERB
dem-5679	73	68	unconditional	unconditional	ADJ
dem-5679	73	69	variance	variance	NOUN
dem-5679	73	70	under	under	ADP
dem-5679	73	71	the	the	DET
dem-5679	73	72	measure	measure	NOUN
dem-5679	73	73	q.	q.	NOUN
dem-5679	73	74	proposition	proposition	NOUN
dem-5679	73	75	2	2	NUM
dem-5679	73	76	(	(	PUNCT
dem-5679	73	77	górka	górka	NOUN
dem-5679	73	78	2012	2012	NUM
dem-5679	73	79	)	)	PUNCT
dem-5679	73	80	.	.	PUNCT
dem-5679	74	1	under	under	ADP
dem-5679	74	2	the	the	DET
dem-5679	74	3	measure	measure	NOUN
dem-5679	74	4	q	q	NOUN
dem-5679	74	5	,	,	PUNCT
dem-5679	74	6	the	the	DET
dem-5679	74	7	unconditional	unconditional	ADJ
dem-5679	74	8	variance	variance	NOUN
dem-5679	74	9	of	of	ADP
dem-5679	74	10	yt	yt	PROPN
dem-5679	74	11	under	under	ADP
dem-5679	74	12	stationarity	stationarity	NOUN
dem-5679	74	13	is	be	AUX
dem-5679	74	14	finite	finite	ADJ
dem-5679	74	15	if	if	SCONJ
dem-5679	74	16			NOUN
dem-5679	74	17			PROPN
dem-5679	74	18	11	11	NUM
dem-5679	74	19	1	1	NUM
dem-5679	74	20	222	222	NUM
dem-5679	74	21	1	1	NUM
dem-5679	74	22			NOUN
dem-5679	74	23			NOUN
dem-5679	74	24			NUM
dem-5679	74	25	,	,	PUNCT
dem-5679	74	26	and	and	CCONJ
dem-5679	74	27			NOUN
dem-5679	74	28			SYM
dem-5679	74	29			NOUN
dem-5679	74	30			NOUN
dem-5679	74	31			ADP
dem-5679	74	32			NOUN
dem-5679	74	33			PROPN
dem-5679	74	34	1	1	NUM
dem-5679	74	35	222	222	NUM
dem-5679	74	36	1	1	NUM
dem-5679	74	37	2222	2222	NUM
dem-5679	74	38	110	110	NUM
dem-5679	74	39	11	11	NUM
dem-5679	74	40	1	1	NUM
dem-5679	74	41	var	var	NOUN
dem-5679	74	42			NOUN
dem-5679	74	43			PROPN
dem-5679	75	1			NUM
dem-5679	75	2			NUM
dem-5679	75	3			PROPN
dem-5679	75	4			NUM
dem-5679	75	5			NUM
dem-5679	75	6	r	r	NOUN
dem-5679	75	7	yt	yt	NOUN
dem-5679	75	8	q	q	NOUN
dem-5679	75	9	.	.	PUNCT
dem-5679	76	1	1.3	1.3	NUM
dem-5679	76	2	.	.	PUNCT
dem-5679	77	1	monte	monte	PROPN
dem-5679	77	2	carlo	carlo	PROPN
dem-5679	77	3	simulations	simulation	NOUN
dem-5679	77	4	garch	garch	NOUN
dem-5679	77	5	models	model	NOUN
dem-5679	77	6	are	be	AUX
dem-5679	77	7	very	very	ADV
dem-5679	77	8	popular	popular	ADJ
dem-5679	77	9	and	and	CCONJ
dem-5679	77	10	effective	effective	ADJ
dem-5679	77	11	for	for	ADP
dem-5679	77	12	modeling	model	VERB
dem-5679	77	13	the	the	DET
dem-5679	77	14	volatility	volatility	NOUN
dem-5679	77	15	dynamics	dynamic	NOUN
dem-5679	77	16	in	in	ADP
dem-5679	77	17	many	many	ADJ
dem-5679	77	18	asset	asset	NOUN
dem-5679	77	19	markets	market	NOUN
dem-5679	77	20	.	.	PUNCT
dem-5679	78	1	unfortunately	unfortunately	ADV
dem-5679	78	2	,	,	PUNCT
dem-5679	78	3	existing	exist	VERB
dem-5679	78	4	garch	garch	NOUN
dem-5679	78	5	models	model	NOUN
dem-5679	78	6	do	do	AUX
dem-5679	78	7	not	not	PART
dem-5679	78	8	have	have	VERB
dem-5679	78	9	closed	close	VERB
dem-5679	78	10	-	-	PUNCT
dem-5679	78	11	form	form	NOUN
dem-5679	78	12	solutions	solution	NOUN
dem-5679	78	13	for	for	ADP
dem-5679	78	14	option	option	NOUN
dem-5679	78	15	prices	price	NOUN
dem-5679	78	16	.	.	PUNCT
dem-5679	79	1	these	these	DET
dem-5679	79	2	models	model	NOUN
dem-5679	79	3	are	be	AUX
dem-5679	79	4	typically	typically	ADV
dem-5679	79	5	solved	solve	VERB
dem-5679	79	6	by	by	ADP
dem-5679	79	7	simulation	simulation	NOUN
dem-5679	79	8	.	.	PUNCT
dem-5679	80	1	the	the	DET
dem-5679	80	2	monte	monte	PROPN
dem-5679	80	3	carlo	carlo	PROPN
dem-5679	80	4	simulation	simulation	NOUN
dem-5679	80	5	procedure	procedure	NOUN
dem-5679	80	6	for	for	ADP
dem-5679	80	7	option	option	NOUN
dem-5679	80	8	pricing	pricing	NOUN
dem-5679	80	9	can	can	AUX
dem-5679	80	10	be	be	AUX
dem-5679	80	11	described	describe	VERB
dem-5679	80	12	in	in	ADP
dem-5679	80	13	following	follow	VERB
dem-5679	80	14	steps	step	NOUN
dem-5679	80	15	(	(	PUNCT
dem-5679	80	16	duan	duan	PROPN
dem-5679	80	17	,	,	PUNCT
dem-5679	80	18	1995	1995	NUM
dem-5679	80	19	;	;	PUNCT
dem-5679	80	20	hafner	hafner	NOUN
dem-5679	80	21	and	and	CCONJ
dem-5679	80	22	herwartz	herwartz	NOUN
dem-5679	80	23	,	,	PUNCT
dem-5679	80	24	2001	2001	NUM
dem-5679	80	25	;	;	PUNCT
dem-5679	80	26	lehar	lehar	PROPN
dem-5679	80	27	et	et	PROPN
dem-5679	80	28	al	al	PROPN
dem-5679	80	29	.	.	PROPN
dem-5679	80	30	,	,	PUNCT
dem-5679	80	31	2002	2002	NUM
dem-5679	80	32	;	;	PUNCT
dem-5679	80	33	piontek	piontek	NOUN
dem-5679	80	34	,	,	PUNCT
dem-5679	80	35	2002	2002	NUM
dem-5679	80	36	,	,	PUNCT
dem-5679	80	37	2004	2004	NUM
dem-5679	80	38	):	):	PUNCT
dem-5679	80	39	1	1	NUM
dem-5679	80	40	.	.	X
dem-5679	80	41	parameter	parameter	NOUN
dem-5679	80	42	estimation	estimation	NOUN
dem-5679	80	43	under	under	ADP
dem-5679	80	44	the	the	DET
dem-5679	80	45	empirical	empirical	ADJ
dem-5679	80	46	measure	measure	NOUN
dem-5679	80	47	p.	p.	NOUN
dem-5679	80	48	2	2	NUM
dem-5679	80	49	.	.	PUNCT
dem-5679	80	50	simulation	simulation	NOUN
dem-5679	80	51	of	of	ADP
dem-5679	80	52	sample	sample	NOUN
dem-5679	80	53	paths	path	NOUN
dem-5679	80	54	for	for	ADP
dem-5679	80	55	the	the	DET
dem-5679	80	56	underlying	underlie	VERB
dem-5679	80	57	asset	asset	NOUN
dem-5679	80	58	price	price	NOUN
dem-5679	80	59	under	under	ADP
dem-5679	80	60	the	the	DET
dem-5679	80	61	equivalent	equivalent	ADJ
dem-5679	80	62	martingale	martingale	NOUN
dem-5679	80	63	measure	measure	NOUN
dem-5679	80	64	q	q	PROPN
dem-5679	80	65	(	(	PUNCT
dem-5679	80	66	50000	50000	NUM
dem-5679	80	67	paths	path	NOUN
dem-5679	80	68	)	)	PUNCT
dem-5679	80	69	,	,	PUNCT
dem-5679	80	70	i.e.	i.e.	X
dem-5679	80	71			PRON
dem-5679	80	72			NUM
dem-5679	80	73			PROPN
dem-5679	80	74			PROPN
dem-5679	80	75			PROPN
dem-5679	80	76			ADV
dem-5679	80	77			PROPN
dem-5679	80	78	n	n	PROPN
dem-5679	80	79	s	s	PART
dem-5679	80	80	stisti	stisti	PROPN
dem-5679	80	81	n	n	PROPN
dem-5679	80	82	s	s	NOUN
dem-5679	80	83	stinr	stinr	NOUN
dem-5679	80	84	tni	tni	NOUN
dem-5679	80	85	ess	ess	NOUN
dem-5679	80	86	1	1	NUM
dem-5679	80	87	0,0	0,0	NOUN
dem-5679	80	88	,	,	PUNCT
dem-5679	80	89	1	1	NUM
dem-5679	80	90	2	2	NUM
dem-5679	80	91	0,1	0,1	NUM
dem-5679	80	92	0	0	NUM
dem-5679	80	93	5.0	5.0	NUM
dem-5679	80	94	,	,	PUNCT
dem-5679	80	95			PRON
dem-5679	80	96	,	,	PUNCT
dem-5679	81	1	where	where	SCONJ
dem-5679	81	2	:	:	PUNCT
dem-5679	81	3	i	i	PRON
dem-5679	81	4	–	–	PUNCT
dem-5679	81	5	i	i	NOUN
dem-5679	81	6	-	-	PUNCT
dem-5679	81	7	th	th	NUM
dem-5679	81	8	path	path	NOUN
dem-5679	81	9	,	,	PUNCT
dem-5679	81	10	sti	sti	PROPN
dem-5679	81	11	0,	0,	PROPN
dem-5679	81	12	–	–	PUNCT
dem-5679	81	13	the	the	DET
dem-5679	81	14	current	current	ADJ
dem-5679	81	15	values	value	NOUN
dem-5679	81	16	of	of	ADP
dem-5679	81	17	the	the	DET
dem-5679	81	18	innovation	innovation	NOUN
dem-5679	81	19	,	,	PUNCT
dem-5679	81	20	2	2	NUM
dem-5679	81	21	,	,	PUNCT
dem-5679	81	22	0	0	NUM
dem-5679	81	23	sti	sti	PROPN
dem-5679	81	24			ADV
dem-5679	81	25			PROPN
dem-5679	81	26	–	–	PUNCT
dem-5679	81	27	the	the	DET
dem-5679	81	28	current	current	ADJ
dem-5679	81	29	values	value	NOUN
dem-5679	81	30	of	of	ADP
dem-5679	81	31	the	the	DET
dem-5679	81	32	variance	variance	NOUN
dem-5679	81	33	.	.	PUNCT
dem-5679	82	1	3	3	X
dem-5679	82	2	.	.	X
dem-5679	82	3	correction	correction	NOUN
dem-5679	82	4	to	to	ADP
dem-5679	82	5	the	the	DET
dem-5679	82	6	standard	standard	ADJ
dem-5679	82	7	monte	monte	PROPN
dem-5679	82	8	carlo	carlo	PROPN
dem-5679	82	9	simulation	simulation	NOUN
dem-5679	82	10	procedure	procedure	NOUN
dem-5679	82	11	(	(	PUNCT
dem-5679	82	12	empirical	empirical	ADJ
dem-5679	82	13	martingale	martingale	PROPN
dem-5679	82	14	simulation	simulation	PROPN
dem-5679	82	15	,	,	PUNCT
dem-5679	82	16	duan	duan	PROPN
dem-5679	82	17	and	and	CCONJ
dem-5679	82	18	simonato	simonato	PROPN
dem-5679	82	19	,	,	PUNCT
dem-5679	82	20	1998	1998	NUM
dem-5679	82	21	)	)	PUNCT
dem-5679	82	22	,	,	PUNCT
dem-5679	82	23	i.e.	i.e.	X
dem-5679	82	24	,	,	PUNCT
dem-5679	82	25	1	1	NUM
dem-5679	82	26	,	,	PUNCT
dem-5679	82	27	1	1	NUM
dem-5679	82	28	,	,	PUNCT
dem-5679	82	29	*	*	PUNCT
dem-5679	82	30	,	,	PUNCT
dem-5679	82	31	1	1	NUM
dem-5679	82	32	0	0	NUM
dem-5679	82	33			X
dem-5679	83	1			NUM
dem-5679	84	1			NOUN
dem-5679	84	2	m	m	VERB
dem-5679	85	1	i	i	PRON
dem-5679	85	2	nim	nim	PROPN
dem-5679	85	3	ninr	ninr	NOUN
dem-5679	85	4	tni	tni	PROPN
dem-5679	85	5	s	s	PROPN
dem-5679	85	6	s	s	X
dem-5679	85	7	ess	ess	NOUN
dem-5679	85	8	where	where	SCONJ
dem-5679	85	9	:	:	PUNCT
dem-5679	85	10	m	m	X
dem-5679	85	11	–	–	PUNCT
dem-5679	85	12	number	number	NOUN
dem-5679	85	13	of	of	ADP
dem-5679	85	14	paths	path	NOUN
dem-5679	85	15	.	.	PUNCT
dem-5679	86	1	4	4	X
dem-5679	86	2	.	.	X
dem-5679	86	3	discounting	discount	VERB
dem-5679	86	4	the	the	DET
dem-5679	86	5	expected	expect	VERB
dem-5679	86	6	payoffs	payoff	NOUN
dem-5679	86	7	to	to	PART
dem-5679	86	8	yield	yield	VERB
dem-5679	86	9	of	of	ADP
dem-5679	86	10	the	the	DET
dem-5679	86	11	monte	monte	PROPN
dem-5679	86	12	carlo	carlo	PROPN
dem-5679	86	13	price	price	NOUN
dem-5679	86	14	of	of	ADP
dem-5679	86	15	option	option	NOUN
dem-5679	86	16	,	,	PUNCT
dem-5679	86	17	i.e.	i.e.	X
dem-5679	86	18			NOUN
dem-5679	86	19			X
dem-5679	86	20	.|0,maxe	.|0,maxe	ADP
dem-5679	86	21	0	0	NUM
dem-5679	86	22	1	1	NUM
dem-5679	86	23	0	0	NUM
dem-5679	86	24	*	*	PUNCT
dem-5679	86	25	,	,	PUNCT
dem-5679	86	26	q	q	PROPN
dem-5679	86	27	tni	tni	NOUN
dem-5679	86	28	nr	nr	PROPN
dem-5679	86	29	t	t	PROPN
dem-5679	86	30	ksec	ksec	PROPN
dem-5679	86	31	f	f	PROPN
dem-5679	86	32	joanna	joanna	PROPN
dem-5679	86	33	górka	górka	PROPN
dem-5679	86	34	dynamic	dynamic	ADJ
dem-5679	86	35	econometric	econometric	ADJ
dem-5679	86	36	models	model	NOUN
dem-5679	86	37	14	14	NUM
dem-5679	86	38	(	(	PUNCT
dem-5679	86	39	2014	2014	NUM
dem-5679	86	40	)	)	PUNCT
dem-5679	86	41	145–160	145–160	NUM
dem-5679	86	42	152	152	NUM
dem-5679	86	43	where	where	SCONJ
dem-5679	86	44	:	:	PUNCT
dem-5679	86	45	0tc	0tc	ADJ
dem-5679	86	46	–	–	PUNCT
dem-5679	86	47	the	the	DET
dem-5679	86	48	corresponding	correspond	VERB
dem-5679	86	49	call	call	NOUN
dem-5679	86	50	price	price	NOUN
dem-5679	86	51	obtained	obtain	VERB
dem-5679	86	52	by	by	ADP
dem-5679	86	53	monte	monte	PROPN
dem-5679	86	54	carlo	carlo	PROPN
dem-5679	86	55	simulation	simulation	PROPN
dem-5679	86	56	,	,	PUNCT
dem-5679	86	57	qe	qe	PROPN
dem-5679	86	58	–	–	PUNCT
dem-5679	86	59	the	the	DET
dem-5679	86	60	risk	risk	NOUN
dem-5679	86	61	-	-	PUNCT
dem-5679	86	62	neutral	neutral	ADJ
dem-5679	86	63	conditional	conditional	ADJ
dem-5679	86	64	expectation	expectation	NOUN
dem-5679	86	65	operator	operator	NOUN
dem-5679	86	66	.	.	PUNCT
dem-5679	87	1	the	the	DET
dem-5679	87	2	risk	risk	NOUN
dem-5679	87	3	-	-	PUNCT
dem-5679	87	4	free	free	ADJ
dem-5679	87	5	interest	interest	NOUN
dem-5679	87	6	rate	rate	NOUN
dem-5679	87	7	(	(	PUNCT
dem-5679	87	8	1r	1r	NUM
dem-5679	87	9	)	)	PUNCT
dem-5679	87	10	was	be	AUX
dem-5679	87	11	approximated	approximate	VERB
dem-5679	87	12	on	on	ADP
dem-5679	87	13	the	the	DET
dem-5679	87	14	basis	basis	NOUN
dem-5679	87	15	of	of	ADP
dem-5679	87	16	the	the	DET
dem-5679	87	17	interest	interest	NOUN
dem-5679	87	18	rate	rate	NOUN
dem-5679	87	19	of	of	ADP
dem-5679	87	20	the	the	DET
dem-5679	87	21	wibid3	wibid3	NOUN
dem-5679	87	22	and	and	CCONJ
dem-5679	87	23	the	the	DET
dem-5679	87	24	wibor4	wibor4	NOUN
dem-5679	87	25	.	.	PUNCT
dem-5679	88	1	to	to	PART
dem-5679	88	2	quantify	quantify	VERB
dem-5679	88	3	the	the	DET
dem-5679	88	4	deviation	deviation	NOUN
dem-5679	88	5	of	of	ADP
dem-5679	88	6	theoretical	theoretical	ADJ
dem-5679	88	7	option	option	NOUN
dem-5679	88	8	prices	price	NOUN
dem-5679	88	9	from	from	ADP
dem-5679	88	10	the	the	DET
dem-5679	88	11	prices	price	NOUN
dem-5679	88	12	observed	observe	VERB
dem-5679	88	13	at	at	ADP
dem-5679	88	14	the	the	DET
dem-5679	88	15	market	market	NOUN
dem-5679	88	16	the	the	DET
dem-5679	88	17	statistical	statistical	ADJ
dem-5679	88	18	error	error	NOUN
dem-5679	88	19	measures	measure	NOUN
dem-5679	88	20	were	be	AUX
dem-5679	88	21	applied	apply	VERB
dem-5679	88	22	(	(	PUNCT
dem-5679	88	23	lehar	lehar	PROPN
dem-5679	88	24	et	et	PROPN
dem-5679	88	25	al	al	PROPN
dem-5679	88	26	.	.	PROPN
dem-5679	88	27	,	,	PUNCT
dem-5679	88	28	2002	2002	NUM
dem-5679	88	29	):	):	PUNCT
dem-5679	88	30			VERB
dem-5679	88	31	the	the	DET
dem-5679	88	32	relative	relative	ADJ
dem-5679	88	33	pricing	pricing	NOUN
dem-5679	88	34	error	error	NOUN
dem-5679	88	35	t	t	X
dem-5679	88	36	tt	tt	PROPN
dem-5679	88	37	c	c	PROPN
dem-5679	88	38	cc	cc	ADP
dem-5679	88	39			PROPN
dem-5679	88	40			PROPN
dem-5679	88	41	ˆ	ˆ	ADP
dem-5679	88	42	rpe	rpe	PROPN
dem-5679	88	43	,	,	PUNCT
dem-5679	88	44			VERB
dem-5679	88	45	the	the	DET
dem-5679	88	46	absolute	absolute	ADJ
dem-5679	88	47	relative	relative	ADJ
dem-5679	88	48	pricing	pricing	NOUN
dem-5679	88	49	error	error	NOUN
dem-5679	88	50	t	t	X
dem-5679	88	51	tt	tt	PROPN
dem-5679	88	52	c	c	PROPN
dem-5679	88	53	cc	cc	ADP
dem-5679	88	54			VERB
dem-5679	88	55			PROPN
dem-5679	88	56	ˆ	ˆ	ADP
dem-5679	88	57	arpe	arpe	NOUN
dem-5679	88	58	,	,	PUNCT
dem-5679	88	59	where	where	SCONJ
dem-5679	88	60	tc	tc	PRON
dem-5679	88	61	and	and	CCONJ
dem-5679	88	62	tĉ	tĉ	NOUN
dem-5679	88	63	denote	denote	VERB
dem-5679	88	64	the	the	DET
dem-5679	88	65	observed	observed	ADJ
dem-5679	88	66	price	price	NOUN
dem-5679	88	67	and	and	CCONJ
dem-5679	88	68	the	the	DET
dem-5679	88	69	model	model	NOUN
dem-5679	88	70	price	price	NOUN
dem-5679	88	71	,	,	PUNCT
dem-5679	88	72	respectively	respectively	ADV
dem-5679	88	73	.	.	PUNCT
dem-5679	89	1	the	the	DET
dem-5679	89	2	rpe	rpe	PROPN
dem-5679	89	3	is	be	AUX
dem-5679	89	4	a	a	DET
dem-5679	89	5	measure	measure	NOUN
dem-5679	89	6	of	of	ADP
dem-5679	89	7	the	the	DET
dem-5679	89	8	bias	bias	NOUN
dem-5679	89	9	of	of	ADP
dem-5679	89	10	the	the	DET
dem-5679	89	11	pricing	pricing	NOUN
dem-5679	89	12	model	model	NOUN
dem-5679	89	13	.	.	PUNCT
dem-5679	90	1	a	a	DET
dem-5679	90	2	non	non	ADJ
dem-5679	90	3	-	-	ADJ
dem-5679	90	4	zero	zero	NUM
dem-5679	90	5	rpe	rpe	NOUN
dem-5679	90	6	may	may	AUX
dem-5679	90	7	therefore	therefore	ADV
dem-5679	90	8	indicate	indicate	VERB
dem-5679	90	9	the	the	DET
dem-5679	90	10	existence	existence	NOUN
dem-5679	90	11	of	of	ADP
dem-5679	90	12	systematic	systematic	ADJ
dem-5679	90	13	errors	error	NOUN
dem-5679	90	14	.	.	PUNCT
dem-5679	91	1	the	the	DET
dem-5679	91	2	arpe	arpe	PROPN
dem-5679	91	3	measures	measure	VERB
dem-5679	91	4	both	both	CCONJ
dem-5679	91	5	the	the	DET
dem-5679	91	6	bias	bias	NOUN
dem-5679	91	7	and	and	CCONJ
dem-5679	91	8	the	the	DET
dem-5679	91	9	efficiency	efficiency	NOUN
dem-5679	91	10	of	of	ADP
dem-5679	91	11	pricing	pricing	NOUN
dem-5679	91	12	(	(	PUNCT
dem-5679	91	13	lehar	lehar	PROPN
dem-5679	91	14	et	et	PROPN
dem-5679	91	15	al	al	PROPN
dem-5679	91	16	.	.	PROPN
dem-5679	91	17	,	,	PUNCT
dem-5679	91	18	2002	2002	NUM
dem-5679	91	19	)	)	PUNCT
dem-5679	91	20	.	.	PUNCT
dem-5679	92	1	2	2	X
dem-5679	92	2	.	.	X
dem-5679	92	3	an	an	DET
dem-5679	92	4	empirical	empirical	ADJ
dem-5679	92	5	analysis	analysis	NOUN
dem-5679	92	6	the	the	DET
dem-5679	92	7	data	datum	NOUN
dem-5679	92	8	used	use	VERB
dem-5679	92	9	in	in	ADP
dem-5679	92	10	the	the	DET
dem-5679	92	11	empirical	empirical	ADJ
dem-5679	92	12	study	study	NOUN
dem-5679	92	13	were	be	AUX
dem-5679	92	14	the	the	DET
dem-5679	92	15	wig20	wig20	PROPN
dem-5679	92	16	index	index	NOUN
dem-5679	92	17	and	and	CCONJ
dem-5679	92	18	prices	price	NOUN
dem-5679	92	19	of	of	ADP
dem-5679	92	20	the	the	DET
dem-5679	92	21	european	european	ADJ
dem-5679	92	22	call	call	NOUN
dem-5679	92	23	options	option	NOUN
dem-5679	92	24	on	on	ADP
dem-5679	92	25	wig20	wig20	PROPN
dem-5679	92	26	index	index	NOUN
dem-5679	92	27	on	on	ADP
dem-5679	92	28	the	the	DET
dem-5679	92	29	warsaw	warsaw	PROPN
dem-5679	92	30	stock	stock	PROPN
dem-5679	92	31	exchange	exchange	PROPN
dem-5679	92	32	(	(	PUNCT
dem-5679	92	33	wse	wse	PROPN
dem-5679	92	34	)	)	PUNCT
dem-5679	92	35	.	.	PUNCT
dem-5679	93	1	the	the	DET
dem-5679	93	2	sample	sample	NOUN
dem-5679	93	3	period	period	NOUN
dem-5679	93	4	for	for	ADP
dem-5679	93	5	the	the	DET
dem-5679	93	6	wig20	wig20	PROPN
dem-5679	93	7	runs	run	NOUN
dem-5679	93	8	from	from	ADP
dem-5679	93	9	19	19	NUM
dem-5679	93	10	-	-	PUNCT
dem-5679	93	11	th	th	X
dem-5679	93	12	of	of	ADP
dem-5679	93	13	november	november	PROPN
dem-5679	93	14	2003	2003	NUM
dem-5679	93	15	to	to	ADP
dem-5679	93	16	21	21	NUM
dem-5679	93	17	-	-	PUNCT
dem-5679	93	18	th	th	X
dem-5679	93	19	of	of	ADP
dem-5679	93	20	february	february	PROPN
dem-5679	93	21	2011	2011	NUM
dem-5679	93	22	.	.	PUNCT
dem-5679	94	1	evolution	evolution	NOUN
dem-5679	94	2	of	of	ADP
dem-5679	94	3	the	the	DET
dem-5679	94	4	wig20	wig20	PROPN
dem-5679	94	5	index	index	NOUN
dem-5679	94	6	was	be	AUX
dem-5679	94	7	displayed	display	VERB
dem-5679	94	8	in	in	ADP
dem-5679	94	9	figure	figure	NOUN
dem-5679	94	10	1	1	NUM
dem-5679	94	11	.	.	PUNCT
dem-5679	95	1	the	the	DET
dem-5679	95	2	wig20	wig20	PROPN
dem-5679	95	3	index	index	NOUN
dem-5679	95	4	went	go	VERB
dem-5679	95	5	up	up	ADP
dem-5679	95	6	during	during	ADP
dem-5679	95	7	the	the	DET
dem-5679	95	8	first	first	ADJ
dem-5679	95	9	4	4	NUM
dem-5679	95	10	years	year	NOUN
dem-5679	95	11	,	,	PUNCT
dem-5679	95	12	after	after	ADP
dem-5679	95	13	that	that	PRON
dem-5679	95	14	it	it	PRON
dem-5679	95	15	rapidly	rapidly	ADV
dem-5679	95	16	went	go	VERB
dem-5679	95	17	down	down	ADP
dem-5679	95	18	and	and	CCONJ
dem-5679	95	19	since	since	SCONJ
dem-5679	95	20	2009	2009	NUM
dem-5679	95	21	started	start	VERB
dem-5679	95	22	to	to	PART
dem-5679	95	23	increase	increase	VERB
dem-5679	95	24	again	again	ADV
dem-5679	95	25	.	.	PUNCT
dem-5679	96	1	3	3	NUM
dem-5679	96	2	warsaw	warsaw	PROPN
dem-5679	96	3	interbank	interbank	NOUN
dem-5679	96	4	offered	offer	VERB
dem-5679	96	5	rate	rate	NOUN
dem-5679	96	6	.	.	PUNCT
dem-5679	96	7	4	4	NUM
dem-5679	96	8	warsaw	warsaw	PROPN
dem-5679	96	9	interbank	interbank	NOUN
dem-5679	96	10	bid	bid	NOUN
dem-5679	96	11	rate	rate	NOUN
dem-5679	96	12	.	.	PUNCT
dem-5679	97	1	option	option	NOUN
dem-5679	97	2	pricing	pricing	NOUN
dem-5679	97	3	under	under	ADP
dem-5679	97	4	sign	sign	PROPN
dem-5679	97	5	rca	rca	PROPN
dem-5679	97	6	-	-	PUNCT
dem-5679	97	7	garch	garch	NOUN
dem-5679	97	8	models	model	NOUN
dem-5679	97	9	dynamic	dynamic	ADJ
dem-5679	97	10	econometric	econometric	ADJ
dem-5679	97	11	models	model	NOUN
dem-5679	97	12	14	14	NUM
dem-5679	97	13	(	(	PUNCT
dem-5679	97	14	2014	2014	NUM
dem-5679	97	15	)	)	PUNCT
dem-5679	98	1	145–160	145–160	NUM
dem-5679	98	2	153	153	NUM
dem-5679	98	3	figure	figure	NOUN
dem-5679	98	4	1	1	NUM
dem-5679	98	5	.	.	PUNCT
dem-5679	99	1	the	the	DET
dem-5679	99	2	wig20	wig20	PROPN
dem-5679	99	3	index	index	NOUN
dem-5679	99	4	(	(	PUNCT
dem-5679	99	5	november	november	PROPN
dem-5679	99	6	19	19	NUM
dem-5679	99	7	,	,	PUNCT
dem-5679	99	8	2003	2003	NUM
dem-5679	99	9	–	–	PUNCT
dem-5679	99	10	february	february	PROPN
dem-5679	99	11	21	21	NUM
dem-5679	99	12	,	,	PUNCT
dem-5679	99	13	2011	2011	NUM
dem-5679	99	14	)	)	PUNCT
dem-5679	99	15	two	two	NUM
dem-5679	99	16	periods	period	NOUN
dem-5679	99	17	were	be	AUX
dem-5679	99	18	chosen	choose	VERB
dem-5679	99	19	to	to	PART
dem-5679	99	20	calculate	calculate	VERB
dem-5679	99	21	option	option	NOUN
dem-5679	99	22	prices	price	NOUN
dem-5679	99	23	.	.	PUNCT
dem-5679	100	1	the	the	DET
dem-5679	100	2	first	first	ADJ
dem-5679	100	3	one	one	NOUN
dem-5679	100	4	was	be	AUX
dem-5679	100	5	at	at	ADP
dem-5679	100	6	the	the	DET
dem-5679	100	7	turn	turn	NOUN
dem-5679	100	8	of	of	ADP
dem-5679	100	9	2007–2008	2007–2008	NUM
dem-5679	100	10	(	(	PUNCT
dem-5679	100	11	it	it	PRON
dem-5679	100	12	is	be	AUX
dem-5679	100	13	about	about	ADV
dem-5679	100	14	3	3	NUM
dem-5679	100	15	months	month	NOUN
dem-5679	100	16	long	long	ADV
dem-5679	100	17	)	)	PUNCT
dem-5679	100	18	and	and	CCONJ
dem-5679	100	19	the	the	DET
dem-5679	100	20	second	second	ADJ
dem-5679	100	21	one	one	NOUN
dem-5679	100	22	was	be	AUX
dem-5679	100	23	at	at	ADP
dem-5679	100	24	the	the	DET
dem-5679	100	25	turn	turn	NOUN
dem-5679	100	26	of	of	ADP
dem-5679	100	27	2010–2011	2010–2011	NUM
dem-5679	100	28	.	.	PUNCT
dem-5679	101	1	first	first	ADJ
dem-5679	101	2	day	day	NOUN
dem-5679	101	3	of	of	ADP
dem-5679	101	4	the	the	DET
dem-5679	101	5	option	option	NOUN
dem-5679	101	6	pricing	pricing	NOUN
dem-5679	101	7	at	at	ADP
dem-5679	101	8	the	the	DET
dem-5679	101	9	turn	turn	NOUN
dem-5679	101	10	of	of	ADP
dem-5679	101	11	year	year	NOUN
dem-5679	101	12	2007–2008	2007–2008	NUM
dem-5679	101	13	was	be	AUX
dem-5679	101	14	made	make	VERB
dem-5679	101	15	on	on	ADP
dem-5679	101	16	22	22	NUM
dem-5679	101	17	-	-	PUNCT
dem-5679	101	18	th	th	X
dem-5679	101	19	of	of	ADP
dem-5679	101	20	november	november	PROPN
dem-5679	101	21	2007	2007	NUM
dem-5679	101	22	(	(	PUNCT
dem-5679	101	23	valuation	valuation	NOUN
dem-5679	101	24	on	on	ADP
dem-5679	101	25	the	the	DET
dem-5679	101	26	november	november	PROPN
dem-5679	101	27	23	23	NUM
dem-5679	101	28	,	,	PUNCT
dem-5679	101	29	2007	2007	NUM
dem-5679	101	30	)	)	PUNCT
dem-5679	101	31	and	and	CCONJ
dem-5679	101	32	16	16	NUM
dem-5679	101	33	-	-	PUNCT
dem-5679	101	34	th	th	X
dem-5679	101	35	of	of	ADP
dem-5679	101	36	november	november	PROPN
dem-5679	101	37	2010	2010	NUM
dem-5679	101	38	at	at	ADP
dem-5679	101	39	the	the	DET
dem-5679	101	40	turn	turn	NOUN
dem-5679	101	41	of	of	ADP
dem-5679	101	42	2010–2011	2010–2011	NUM
dem-5679	101	43	(	(	PUNCT
dem-5679	101	44	valuation	valuation	NOUN
dem-5679	101	45	on	on	ADP
dem-5679	101	46	the	the	DET
dem-5679	101	47	november	november	PROPN
dem-5679	101	48	17	17	NUM
dem-5679	101	49	,	,	PUNCT
dem-5679	101	50	2010	2010	NUM
dem-5679	101	51	)	)	PUNCT
dem-5679	101	52	.	.	PUNCT
dem-5679	102	1	option	option	NOUN
dem-5679	102	2	pricing	pricing	NOUN
dem-5679	102	3	were	be	AUX
dem-5679	102	4	made	make	VERB
dem-5679	102	5	using	use	VERB
dem-5679	102	6	:	:	PUNCT
dem-5679	102	7			VERB
dem-5679	102	8	the	the	DET
dem-5679	102	9	standard	standard	ADJ
dem-5679	102	10	black	black	ADJ
dem-5679	102	11	-	-	PUNCT
dem-5679	102	12	scholes	schole	NOUN
dem-5679	102	13	(	(	PUNCT
dem-5679	102	14	bs	bs	NOUN
dem-5679	102	15	)	)	PUNCT
dem-5679	102	16	,	,	PUNCT
dem-5679	102	17			PROPN
dem-5679	102	18	monte	monte	PROPN
dem-5679	102	19	carlo	carlo	PROPN
dem-5679	102	20	simulation	simulation	PROPN
dem-5679	102	21	(	(	PUNCT
dem-5679	102	22	mcs	mcs	PROPN
dem-5679	102	23	;	;	PUNCT
dem-5679	102	24	duan	duan	PROPN
dem-5679	102	25	's	's	PART
dem-5679	102	26	method	method	NOUN
dem-5679	102	27	)	)	PUNCT
dem-5679	102	28	.	.	PUNCT
dem-5679	103	1	for	for	ADP
dem-5679	103	2	comparison	comparison	NOUN
dem-5679	103	3	,	,	PUNCT
dem-5679	103	4	the	the	DET
dem-5679	103	5	valuation	valuation	NOUN
dem-5679	103	6	of	of	ADP
dem-5679	103	7	options	option	NOUN
dem-5679	103	8	were	be	AUX
dem-5679	103	9	also	also	ADV
dem-5679	103	10	made	make	VERB
dem-5679	103	11	using	use	VERB
dem-5679	103	12	the	the	DET
dem-5679	103	13	ar(1)-garch(1,1	ar(1)-garch(1,1	PROPN
dem-5679	103	14	)	)	PUNCT
dem-5679	103	15	model	model	NOUN
dem-5679	103	16	and	and	CCONJ
dem-5679	103	17	the	the	DET
dem-5679	103	18	ar(1)-gjr	ar(1)-gjr	PROPN
dem-5679	103	19	-	-	PUNCT
dem-5679	103	20	garch(1,1	garch(1,1	NOUN
dem-5679	103	21	)	)	PUNCT
dem-5679	103	22	model	model	NOUN
dem-5679	103	23	.	.	PUNCT
dem-5679	104	1	for	for	ADP
dem-5679	104	2	all	all	DET
dem-5679	104	3	model	model	NOUN
dem-5679	104	4	specifications	specification	NOUN
dem-5679	104	5	,	,	PUNCT
dem-5679	104	6	parameter	parameter	NOUN
dem-5679	104	7	values	value	NOUN
dem-5679	104	8	were	be	AUX
dem-5679	104	9	obtained	obtain	VERB
dem-5679	104	10	from	from	ADP
dem-5679	104	11	the	the	DET
dem-5679	104	12	mle	mle	NOUN
dem-5679	104	13	using	use	VERB
dem-5679	104	14	wig20	wig20	PROPN
dem-5679	104	15	index	index	NOUN
dem-5679	104	16	daily	daily	ADJ
dem-5679	104	17	logarithmic	logarithmic	ADJ
dem-5679	104	18	returns	return	NOUN
dem-5679	104	19	.	.	PUNCT
dem-5679	105	1	the	the	DET
dem-5679	105	2	sample	sample	NOUN
dem-5679	105	3	sizes	size	NOUN
dem-5679	105	4	on	on	ADP
dem-5679	105	5	which	which	PRON
dem-5679	105	6	models	model	NOUN
dem-5679	105	7	were	be	AUX
dem-5679	105	8	estimated	estimate	VERB
dem-5679	105	9	are	be	AUX
dem-5679	105	10	as	as	SCONJ
dem-5679	105	11	follows	follow	VERB
dem-5679	105	12	:	:	PUNCT
dem-5679	105	13			VERB
dem-5679	105	14	252	252	NUM
dem-5679	105	15	observations	observation	NOUN
dem-5679	105	16	(	(	PUNCT
dem-5679	105	17	~	~	PUNCT
dem-5679	105	18	year	year	NOUN
dem-5679	105	19	)	)	PUNCT
dem-5679	105	20	,	,	PUNCT
dem-5679	105	21			VERB
dem-5679	105	22	504	504	NUM
dem-5679	105	23	observations	observation	NOUN
dem-5679	105	24	(	(	PUNCT
dem-5679	105	25	~	~	SYM
dem-5679	105	26	2	2	NUM
dem-5679	105	27	years	year	NOUN
dem-5679	105	28	)	)	PUNCT
dem-5679	105	29	,	,	PUNCT
dem-5679	105	30			PROPN
dem-5679	105	31	1008	1008	NUM
dem-5679	105	32	observations	observation	NOUN
dem-5679	105	33	(	(	PUNCT
dem-5679	105	34	~	~	SYM
dem-5679	105	35	4	4	NUM
dem-5679	105	36	years	year	NOUN
dem-5679	105	37	)	)	PUNCT
dem-5679	105	38	.	.	PUNCT
dem-5679	106	1	all	all	DET
dem-5679	106	2	computation	computation	NOUN
dem-5679	106	3	were	be	AUX
dem-5679	106	4	made	make	VERB
dem-5679	106	5	using	use	VERB
dem-5679	106	6	authors	author	NOUN
dem-5679	106	7	codes	code	NOUN
dem-5679	106	8	written	write	VERB
dem-5679	106	9	in	in	ADP
dem-5679	106	10	gauss	gauss	PROPN
dem-5679	106	11	6.0	6.0	NUM
dem-5679	106	12	.	.	PUNCT
dem-5679	107	1	example	example	NOUN
dem-5679	107	2	results	result	NOUN
dem-5679	107	3	of	of	ADP
dem-5679	107	4	the	the	DET
dem-5679	107	5	valuation	valuation	NOUN
dem-5679	107	6	of	of	ADP
dem-5679	107	7	european	european	ADJ
dem-5679	107	8	call	call	NOUN
dem-5679	107	9	options	option	NOUN
dem-5679	107	10	for	for	ADP
dem-5679	107	11	wig20	wig20	PROPN
dem-5679	107	12	stock	stock	NOUN
dem-5679	107	13	index	index	NOUN
dem-5679	107	14	on	on	ADP
dem-5679	107	15	a	a	DET
dem-5679	107	16	particular	particular	ADJ
dem-5679	107	17	day	day	NOUN
dem-5679	107	18	(	(	PUNCT
dem-5679	107	19	november	november	PROPN
dem-5679	107	20	17	17	NUM
dem-5679	107	21	,	,	PUNCT
dem-5679	107	22	2010	2010	NUM
dem-5679	107	23	)	)	PUNCT
dem-5679	107	24	,	,	PUNCT
dem-5679	107	25	on	on	ADP
dem-5679	107	26	three	three	NUM
dem-5679	107	27	month	month	NOUN
dem-5679	107	28	to	to	ADP
dem-5679	107	29	maturity	maturity	NOUN
dem-5679	107	30	and	and	CCONJ
dem-5679	107	31	different	different	ADJ
dem-5679	107	32	sample	sample	NOUN
dem-5679	107	33	sizes	size	NOUN
dem-5679	107	34	,	,	PUNCT
dem-5679	107	35	and	and	CCONJ
dem-5679	107	36	market	market	NOUN
dem-5679	107	37	prices	price	NOUN
dem-5679	107	38	of	of	ADP
dem-5679	107	39	these	these	DET
dem-5679	107	40	options	option	NOUN
dem-5679	107	41	(	(	PUNCT
dem-5679	107	42	the	the	DET
dem-5679	107	43	closing	closing	NOUN
dem-5679	107	44	price	price	NOUN
dem-5679	107	45	)	)	PUNCT
dem-5679	107	46	are	be	AUX
dem-5679	107	47	shown	show	VERB
dem-5679	107	48	in	in	ADP
dem-5679	107	49	table	table	NOUN
dem-5679	107	50	1	1	NUM
dem-5679	107	51	.	.	PUNCT
dem-5679	108	1	joanna	joanna	PROPN
dem-5679	108	2	górka	górka	PROPN
dem-5679	108	3	dynamic	dynamic	PROPN
dem-5679	108	4	econometric	econometric	ADJ
dem-5679	108	5	models	model	NOUN
dem-5679	108	6	14	14	NUM
dem-5679	108	7	(	(	PUNCT
dem-5679	108	8	2014	2014	NUM
dem-5679	108	9	)	)	PUNCT
dem-5679	108	10	145–160	145–160	NUM
dem-5679	108	11	154	154	NUM
dem-5679	108	12	table	table	NOUN
dem-5679	108	13	1	1	NUM
dem-5679	108	14	.	.	PUNCT
dem-5679	108	15	european	european	ADJ
dem-5679	108	16	call	call	NOUN
dem-5679	108	17	option	option	NOUN
dem-5679	108	18	prices	price	NOUN
dem-5679	108	19	for	for	ADP
dem-5679	108	20	wig20	wig20	PROPN
dem-5679	108	21	stock	stock	NOUN
dem-5679	108	22	index	index	NOUN
dem-5679	108	23	on	on	ADP
dem-5679	108	24	three	three	NUM
dem-5679	108	25	months	month	NOUN
dem-5679	108	26	to	to	ADP
dem-5679	108	27	maturity	maturity	NOUN
dem-5679	108	28	and	and	CCONJ
dem-5679	108	29	market	market	NOUN
dem-5679	108	30	prices	price	NOUN
dem-5679	108	31	of	of	ADP
dem-5679	108	32	these	these	DET
dem-5679	108	33	options	option	NOUN
dem-5679	108	34	strike	strike	NOUN
dem-5679	108	35	(	(	PUNCT
dem-5679	108	36	k	k	NOUN
dem-5679	108	37	)	)	PUNCT
dem-5679	108	38	bs	bs	PROPN
dem-5679	108	39	rca	rca	PROPN
dem-5679	108	40	-	-	PUNCT
dem-5679	108	41	garch	garch	NOUN
dem-5679	108	42	sign	sign	NOUN
dem-5679	108	43	rca	rca	PROPN
dem-5679	108	44	-	-	PUNCT
dem-5679	108	45	garch	garch	NOUN
dem-5679	108	46	ar	ar	PROPN
dem-5679	108	47	-	-	ADJ
dem-5679	108	48	garch	garch	NOUN
dem-5679	108	49	ar	ar	NOUN
dem-5679	108	50	-	-	PUNCT
dem-5679	108	51	gjr	gjr	ADJ
dem-5679	108	52	-	-	PUNCT
dem-5679	108	53	garch	garch	NOUN
dem-5679	108	54	market	market	NOUN
dem-5679	108	55	price	price	NOUN
dem-5679	108	56	17.12.2010	17.12.2010	NUM
dem-5679	108	57	252	252	NUM
dem-5679	108	58	observations	observation	NOUN
dem-5679	108	59	2300	2300	NUM
dem-5679	109	1	476.72	476.72	NUM
dem-5679	109	2	491.21	491.21	NUM
dem-5679	109	3	493.56	493.56	NUM
dem-5679	109	4	524.49	524.49	NUM
dem-5679	109	5	494.79	494.79	NUM
dem-5679	109	6	483.50	483.50	NUM
dem-5679	109	7	2400	2400	NUM
dem-5679	109	8	377.64	377.64	NUM
dem-5679	109	9	399.56	399.56	NUM
dem-5679	109	10	403.62	403.62	NUM
dem-5679	109	11	433.41	433.41	NUM
dem-5679	109	12	405.20	405.20	NUM
dem-5679	109	13	388.50	388.50	NUM
dem-5679	109	14	2500	2500	NUM
dem-5679	109	15	278.57	278.57	NUM
dem-5679	109	16	314.31	314.31	NUM
dem-5679	109	17	320.34	320.34	NUM
dem-5679	109	18	348.30	348.30	NUM
dem-5679	109	19	322.02	322.02	NUM
dem-5679	109	20	294.90	294.90	NUM
dem-5679	109	21	2600	2600	NUM
dem-5679	109	22	179.50	179.50	NUM
dem-5679	109	23	238.20	238.20	NUM
dem-5679	109	24	246.04	246.04	NUM
dem-5679	109	25	271.50	271.50	NUM
dem-5679	109	26	247.50	247.50	NUM
dem-5679	109	27	221.05	221.05	NUM
dem-5679	109	28	2700	2700	NUM
dem-5679	109	29	80.43	80.43	NUM
dem-5679	109	30	173.31	173.31	NUM
dem-5679	109	31	182.39	182.39	NUM
dem-5679	109	32	204.68	204.68	NUM
dem-5679	109	33	183.29	183.29	NUM
dem-5679	109	34	133.00	133.00	NUM
dem-5679	109	35	2800	2800	NUM
dem-5679	109	36	1.31	1.31	NUM
dem-5679	109	37	120.84	120.84	NUM
dem-5679	109	38	130.42	130.42	NUM
dem-5679	109	39	149.05	149.05	NUM
dem-5679	109	40	130.64	130.64	NUM
dem-5679	109	41	78.00	78.00	NUM
dem-5679	109	42	2900	2900	NUM
dem-5679	109	43	0.00	0.00	NUM
dem-5679	109	44	80.65	80.65	NUM
dem-5679	109	45	89.98	89.98	NUM
dem-5679	109	46	104.83	104.83	NUM
dem-5679	109	47	89.51	89.51	NUM
dem-5679	109	48	45.10	45.10	NUM
dem-5679	109	49	3000	3000	NUM
dem-5679	109	50	0.00	0.00	NUM
dem-5679	109	51	51.66	51.66	NUM
dem-5679	109	52	59.92	59.92	NUM
dem-5679	109	53	71.13	71.13	NUM
dem-5679	109	54	58.89	58.89	NUM
dem-5679	109	55	23.00	23.00	NUM
dem-5679	109	56	3100	3100	NUM
dem-5679	109	57	0.00	0.00	NUM
dem-5679	109	58	31.79	31.79	NUM
dem-5679	109	59	38.66	38.66	NUM
dem-5679	109	60	46.57	46.57	NUM
dem-5679	109	61	37.26	37.26	NUM
dem-5679	109	62	9.10	9.10	NUM
dem-5679	109	63	504	504	NUM
dem-5679	109	64	observations	observation	NOUN
dem-5679	109	65	2300	2300	NUM
dem-5679	109	66	476.72	476.72	NUM
dem-5679	109	67	487.08	487.08	NUM
dem-5679	109	68	489.88	489.88	NUM
dem-5679	109	69	486.94	486.94	NUM
dem-5679	109	70	487.81	487.81	NUM
dem-5679	109	71	483.50	483.50	NUM
dem-5679	109	72	2400	2400	NUM
dem-5679	109	73	377.64	377.64	NUM
dem-5679	109	74	390.36	390.36	NUM
dem-5679	109	75	392.63	392.63	NUM
dem-5679	109	76	389.99	389.99	NUM
dem-5679	109	77	391.45	391.45	NUM
dem-5679	109	78	388.50	388.50	NUM
dem-5679	109	79	2500	2500	NUM
dem-5679	109	80	278.57	278.57	NUM
dem-5679	110	1	297.02	297.02	NUM
dem-5679	110	2	298.39	298.39	NUM
dem-5679	110	3	296.19	296.19	NUM
dem-5679	110	4	298.16	298.16	NUM
dem-5679	110	5	294.90	294.90	NUM
dem-5679	110	6	2600	2600	NUM
dem-5679	110	7	179.50	179.50	NUM
dem-5679	110	8	211.25	211.25	NUM
dem-5679	110	9	211.15	211.15	NUM
dem-5679	110	10	209.70	209.70	NUM
dem-5679	110	11	211.28	211.28	NUM
dem-5679	110	12	221.05	221.05	NUM
dem-5679	110	13	2700	2700	NUM
dem-5679	110	14	80.43	80.43	NUM
dem-5679	110	15	138.46	138.46	NUM
dem-5679	110	16	136.63	136.63	NUM
dem-5679	110	17	136.25	136.25	NUM
dem-5679	110	18	135.72	135.72	NUM
dem-5679	110	19	133.00	133.00	NUM
dem-5679	110	20	2800	2800	NUM
dem-5679	110	21	1.31	1.31	NUM
dem-5679	110	22	82.89	82.89	NUM
dem-5679	110	23	79.92	79.92	NUM
dem-5679	110	24	80.40	80.40	NUM
dem-5679	110	25	76.51	76.51	NUM
dem-5679	110	26	78.00	78.00	NUM
dem-5679	110	27	2900	2900	NUM
dem-5679	110	28	0.00	0.00	NUM
dem-5679	110	29	45.48	45.48	NUM
dem-5679	110	30	42.27	42.27	NUM
dem-5679	110	31	43.25	43.25	NUM
dem-5679	110	32	36.75	36.75	NUM
dem-5679	110	33	45.10	45.10	NUM
dem-5679	110	34	3000	3000	NUM
dem-5679	110	35	0.00	0.00	NUM
dem-5679	110	36	23.27	23.27	NUM
dem-5679	110	37	20.53	20.53	NUM
dem-5679	110	38	21.61	21.61	NUM
dem-5679	110	39	14.78	14.78	NUM
dem-5679	110	40	23.00	23.00	NUM
dem-5679	110	41	3100	3100	NUM
dem-5679	110	42	0.00	0.00	NUM
dem-5679	110	43	11.24	11.24	NUM
dem-5679	110	44	9.37	9.37	NUM
dem-5679	110	45	10.18	10.18	NUM
dem-5679	110	46	4.87	4.87	NUM
dem-5679	110	47	9.10	9.10	NUM
dem-5679	110	48	1008	1008	NUM
dem-5679	110	49	observations	observation	NOUN
dem-5679	110	50	2300	2300	NUM
dem-5679	110	51	476.72	476.72	NUM
dem-5679	111	1	495.32	495.32	NUM
dem-5679	111	2	495.34	495.34	NUM
dem-5679	111	3	495.31	495.31	NUM
dem-5679	111	4	519.97	519.97	NUM
dem-5679	111	5	483.50	483.50	NUM
dem-5679	111	6	2400	2400	NUM
dem-5679	112	1	377.64	377.64	NUM
dem-5679	112	2	405.43	405.43	NUM
dem-5679	112	3	405.45	405.45	NUM
dem-5679	112	4	405.42	405.42	NUM
dem-5679	112	5	440.70	440.70	NUM
dem-5679	112	6	388.50	388.50	NUM
dem-5679	112	7	2500	2500	NUM
dem-5679	112	8	278.57	278.57	NUM
dem-5679	113	1	322.00	322.00	NUM
dem-5679	113	2	322.00	322.00	NUM
dem-5679	113	3	321.97	321.97	NUM
dem-5679	113	4	368.18	368.18	NUM
dem-5679	113	5	294.90	294.90	NUM
dem-5679	113	6	2600	2600	NUM
dem-5679	113	7	179.50	179.50	NUM
dem-5679	113	8	247.43	247.43	NUM
dem-5679	113	9	247.40	247.40	NUM
dem-5679	113	10	247.40	247.40	NUM
dem-5679	113	11	303.11	303.11	NUM
dem-5679	113	12	221.05	221.05	NUM
dem-5679	113	13	2700	2700	NUM
dem-5679	113	14	80.43	80.43	NUM
dem-5679	113	15	183.66	183.66	NUM
dem-5679	113	16	183.60	183.60	NUM
dem-5679	113	17	183.63	183.63	NUM
dem-5679	113	18	245.94	245.94	NUM
dem-5679	113	19	133.00	133.00	NUM
dem-5679	113	20	2800	2800	NUM
dem-5679	113	21	1.31	1.31	NUM
dem-5679	113	22	131.79	131.79	NUM
dem-5679	113	23	131.69	131.69	NUM
dem-5679	113	24	131.76	131.76	NUM
dem-5679	113	25	196.75	196.75	NUM
dem-5679	113	26	78.00	78.00	NUM
dem-5679	113	27	2900	2900	NUM
dem-5679	113	28	0.00	0.00	NUM
dem-5679	113	29	91.65	91.65	NUM
dem-5679	113	30	91.51	91.51	NUM
dem-5679	113	31	91.62	91.62	NUM
dem-5679	113	32	155.33	155.33	NUM
dem-5679	113	33	45.10	45.10	NUM
dem-5679	113	34	3000	3000	NUM
dem-5679	113	35	0.00	0.00	NUM
dem-5679	113	36	62.22	62.22	NUM
dem-5679	113	37	62.06	62.06	NUM
dem-5679	113	38	62.19	62.19	NUM
dem-5679	113	39	120.91	120.91	NUM
dem-5679	113	40	23.00	23.00	NUM
dem-5679	113	41	3100	3100	NUM
dem-5679	113	42	0.00	0.00	NUM
dem-5679	113	43	41.44	41.44	NUM
dem-5679	113	44	41.29	41.29	NUM
dem-5679	113	45	41.41	41.41	NUM
dem-5679	113	46	93.08	93.08	NUM
dem-5679	113	47	9.10	9.10	NUM
dem-5679	113	48	note	note	NOUN
dem-5679	113	49	:	:	PUNCT
dem-5679	113	50	the	the	DET
dem-5679	113	51	bold	bold	ADJ
dem-5679	113	52	number	number	NOUN
dem-5679	113	53	denotes	denote	VERB
dem-5679	113	54	the	the	DET
dem-5679	113	55	theoretical	theoretical	ADJ
dem-5679	113	56	option	option	NOUN
dem-5679	113	57	prices	price	VERB
dem-5679	113	58	the	the	DET
dem-5679	113	59	closest	close	ADJ
dem-5679	113	60	to	to	ADP
dem-5679	113	61	the	the	DET
dem-5679	113	62	market	market	NOUN
dem-5679	113	63	price	price	NOUN
dem-5679	113	64	.	.	PUNCT
dem-5679	114	1	option	option	NOUN
dem-5679	114	2	prices	price	NOUN
dem-5679	114	3	calculated	calculate	VERB
dem-5679	114	4	by	by	ADP
dem-5679	114	5	the	the	DET
dem-5679	114	6	bs	bs	PROPN
dem-5679	114	7	formula	formula	NOUN
dem-5679	114	8	were	be	AUX
dem-5679	114	9	underestimated	underestimate	VERB
dem-5679	114	10	,	,	PUNCT
dem-5679	114	11	while	while	SCONJ
dem-5679	114	12	option	option	NOUN
dem-5679	114	13	prices	price	NOUN
dem-5679	114	14	calculated	calculate	VERB
dem-5679	114	15	by	by	ADP
dem-5679	114	16	other	other	ADJ
dem-5679	114	17	models	model	NOUN
dem-5679	114	18	were	be	AUX
dem-5679	114	19	overestimated	overestimate	VERB
dem-5679	114	20	for	for	ADP
dem-5679	114	21	the	the	DET
dem-5679	114	22	sample	sample	NOUN
dem-5679	114	23	size	size	NOUN
dem-5679	114	24	of	of	ADP
dem-5679	114	25	252	252	NUM
dem-5679	114	26	observations	observation	NOUN
dem-5679	114	27	and	and	CCONJ
dem-5679	114	28	1008	1008	NUM
dem-5679	114	29	observations	observation	NOUN
dem-5679	114	30	.	.	PUNCT
dem-5679	115	1	for	for	ADP
dem-5679	115	2	the	the	DET
dem-5679	115	3	sample	sample	NOUN
dem-5679	115	4	size	size	NOUN
dem-5679	115	5	of	of	ADP
dem-5679	115	6	504	504	NUM
dem-5679	115	7	observations	observation	NOUN
dem-5679	115	8	the	the	DET
dem-5679	115	9	option	option	NOUN
dem-5679	115	10	prices	price	NOUN
dem-5679	115	11	were	be	AUX
dem-5679	115	12	overestimated	overestimate	VERB
dem-5679	115	13	for	for	ADP
dem-5679	115	14	some	some	DET
dem-5679	115	15	strikes	strike	NOUN
dem-5679	115	16	,	,	PUNCT
dem-5679	115	17	but	but	CCONJ
dem-5679	115	18	for	for	ADP
dem-5679	115	19	other	other	ADJ
dem-5679	115	20	–	–	PUNCT
dem-5679	115	21	underestimated	underestimate	VERB
dem-5679	115	22	.	.	PUNCT
dem-5679	116	1	it	it	PRON
dem-5679	116	2	depends	depend	VERB
dem-5679	116	3	of	of	ADP
dem-5679	116	4	the	the	DET
dem-5679	116	5	type	type	NOUN
dem-5679	116	6	of	of	ADP
dem-5679	116	7	option	option	NOUN
dem-5679	116	8	and	and	CCONJ
dem-5679	116	9	of	of	ADP
dem-5679	116	10	the	the	DET
dem-5679	116	11	model	model	NOUN
dem-5679	116	12	on	on	ADP
dem-5679	116	13	which	which	PRON
dem-5679	116	14	theoretical	theoretical	ADJ
dem-5679	116	15	option	option	NOUN
dem-5679	116	16	prices	price	NOUN
dem-5679	116	17	were	be	AUX
dem-5679	116	18	calculated	calculate	VERB
dem-5679	116	19	.	.	PUNCT
dem-5679	117	1	for	for	ADP
dem-5679	117	2	the	the	DET
dem-5679	117	3	out	out	ADJ
dem-5679	117	4	-	-	PUNCT
dem-5679	117	5	of	of	ADP
dem-5679	117	6	-	-	PUNCT
dem-5679	117	7	the	the	DET
dem-5679	117	8	-	-	PUNCT
dem-5679	117	9	money	money	NOUN
dem-5679	117	10	options	option	NOUN
dem-5679	117	11	differences	difference	NOUN
dem-5679	117	12	between	between	ADP
dem-5679	117	13	market	market	NOUN
dem-5679	117	14	prices	price	NOUN
dem-5679	117	15	and	and	CCONJ
dem-5679	117	16	theoretical	theoretical	ADJ
dem-5679	117	17	option	option	NOUN
dem-5679	117	18	prices	price	NOUN
dem-5679	117	19	calculated	calculate	VERB
dem-5679	117	20	by	by	ADP
dem-5679	117	21	models	model	NOUN
dem-5679	117	22	on	on	ADP
dem-5679	117	23	the	the	DET
dem-5679	117	24	simple	simple	ADJ
dem-5679	117	25	size	size	NOUN
dem-5679	117	26	of	of	ADP
dem-5679	117	27	504	504	NUM
dem-5679	117	28	observations	observation	NOUN
dem-5679	117	29	were	be	AUX
dem-5679	117	30	small	small	ADJ
dem-5679	117	31	,	,	PUNCT
dem-5679	117	32	while	while	SCONJ
dem-5679	117	33	for	for	ADP
dem-5679	117	34	others	other	NOUN
dem-5679	117	35	simple	simple	ADJ
dem-5679	117	36	sizes	size	NOUN
dem-5679	117	37	these	these	DET
dem-5679	117	38	differences	difference	NOUN
dem-5679	117	39	were	be	AUX
dem-5679	117	40	greater	great	ADJ
dem-5679	117	41	.	.	PUNCT
dem-5679	118	1	in	in	ADP
dem-5679	118	2	this	this	DET
dem-5679	118	3	study	study	NOUN
dem-5679	118	4	,	,	PUNCT
dem-5679	118	5	for	for	ADP
dem-5679	118	6	the	the	DET
dem-5679	118	7	option	option	NOUN
dem-5679	118	8	pricing	pricing	NOUN
dem-5679	118	9	under	under	ADP
dem-5679	118	10	sign	sign	PROPN
dem-5679	118	11	rca	rca	PROPN
dem-5679	118	12	-	-	PUNCT
dem-5679	118	13	garch	garch	NOUN
dem-5679	118	14	models	model	NOUN
dem-5679	118	15	dynamic	dynamic	ADJ
dem-5679	118	16	econometric	econometric	ADJ
dem-5679	118	17	models	model	NOUN
dem-5679	118	18	14	14	NUM
dem-5679	118	19	(	(	PUNCT
dem-5679	118	20	2014	2014	NUM
dem-5679	118	21	)	)	PUNCT
dem-5679	118	22	145–160	145–160	NUM
dem-5679	118	23	155	155	NUM
dem-5679	118	24	sample	sample	NOUN
dem-5679	118	25	size	size	NOUN
dem-5679	118	26	of	of	ADP
dem-5679	118	27	504	504	NUM
dem-5679	118	28	observations	observation	NOUN
dem-5679	118	29	the	the	DET
dem-5679	118	30	theoretical	theoretical	ADJ
dem-5679	118	31	option	option	NOUN
dem-5679	118	32	prices	price	NOUN
dem-5679	118	33	were	be	AUX
dem-5679	118	34	closest	close	ADJ
dem-5679	118	35	to	to	ADP
dem-5679	118	36	the	the	DET
dem-5679	118	37	market	market	NOUN
dem-5679	118	38	prices	price	NOUN
dem-5679	118	39	.	.	PUNCT
dem-5679	119	1	it	it	PRON
dem-5679	119	2	holds	hold	VERB
dem-5679	119	3	for	for	ADP
dem-5679	119	4	all	all	DET
dem-5679	119	5	model	model	NOUN
dem-5679	119	6	specifications	specification	NOUN
dem-5679	119	7	.	.	PUNCT
dem-5679	120	1	figure	figure	NOUN
dem-5679	120	2	2	2	NUM
dem-5679	120	3	.	.	PUNCT
dem-5679	121	1	the	the	DET
dem-5679	121	2	annualized	annualize	VERB
dem-5679	121	3	implied	imply	VERB
dem-5679	121	4	volatility	volatility	NOUN
dem-5679	121	5	of	of	ADP
dem-5679	121	6	the	the	DET
dem-5679	121	7	rca	rca	NOUN
dem-5679	121	8	-	-	PUNCT
dem-5679	121	9	garch	garch	NOUN
dem-5679	121	10	option	option	NOUN
dem-5679	121	11	pricing	pricing	NOUN
dem-5679	121	12	model	model	NOUN
dem-5679	121	13	(	(	PUNCT
dem-5679	121	14	504	504	NUM
dem-5679	121	15	observations	observation	NOUN
dem-5679	121	16	;	;	PUNCT
dem-5679	121	17	day	day	NOUN
dem-5679	121	18	of	of	ADP
dem-5679	121	19	the	the	DET
dem-5679	121	20	option	option	NOUN
dem-5679	121	21	pricing	pricing	NOUN
dem-5679	121	22	–	–	PUNCT
dem-5679	121	23	november	november	PROPN
dem-5679	121	24	16	16	NUM
dem-5679	121	25	,	,	PUNCT
dem-5679	121	26	2010	2010	NUM
dem-5679	121	27	)	)	PUNCT
dem-5679	121	28	figure	figure	NOUN
dem-5679	121	29	3	3	NUM
dem-5679	121	30	.	.	PUNCT
dem-5679	122	1	the	the	DET
dem-5679	122	2	annualized	annualize	VERB
dem-5679	122	3	implied	imply	VERB
dem-5679	122	4	volatility	volatility	NOUN
dem-5679	122	5	of	of	ADP
dem-5679	122	6	the	the	DET
dem-5679	122	7	sign	sign	NOUN
dem-5679	122	8	rca	rca	PROPN
dem-5679	122	9	-	-	PUNCT
dem-5679	122	10	garch	garch	NOUN
dem-5679	122	11	option	option	NOUN
dem-5679	122	12	pricing	pricing	NOUN
dem-5679	122	13	model	model	NOUN
dem-5679	122	14	(	(	PUNCT
dem-5679	122	15	504	504	NUM
dem-5679	122	16	observations	observation	NOUN
dem-5679	122	17	;	;	PUNCT
dem-5679	122	18	day	day	NOUN
dem-5679	122	19	of	of	ADP
dem-5679	122	20	the	the	DET
dem-5679	122	21	option	option	NOUN
dem-5679	122	22	pricing	pricing	NOUN
dem-5679	122	23	–	–	PUNCT
dem-5679	122	24	november	november	PROPN
dem-5679	122	25	16	16	NUM
dem-5679	122	26	,	,	PUNCT
dem-5679	122	27	2010	2010	NUM
dem-5679	122	28	)	)	PUNCT
dem-5679	122	29	figures	figure	NOUN
dem-5679	122	30	2	2	NUM
dem-5679	122	31	and	and	CCONJ
dem-5679	122	32	3	3	NUM
dem-5679	122	33	show	show	VERB
dem-5679	122	34	the	the	DET
dem-5679	122	35	relationship	relationship	NOUN
dem-5679	122	36	between	between	ADP
dem-5679	122	37	implied	imply	VERB
dem-5679	122	38	volatility	volatility	NOUN
dem-5679	122	39	,	,	PUNCT
dem-5679	122	40	the	the	DET
dem-5679	122	41	exercise	exercise	NOUN
dem-5679	122	42	price	price	NOUN
dem-5679	122	43	and	and	CCONJ
dem-5679	122	44	the	the	DET
dem-5679	122	45	time	time	NOUN
dem-5679	122	46	to	to	ADP
dem-5679	122	47	maturity	maturity	NOUN
dem-5679	122	48	of	of	ADP
dem-5679	122	49	the	the	DET
dem-5679	122	50	option	option	NOUN
dem-5679	122	51	.	.	PUNCT
dem-5679	123	1	this	this	DET
dem-5679	123	2	shape	shape	NOUN
dem-5679	123	3	resembles	resemble	VERB
dem-5679	123	4	a	a	DET
dem-5679	123	5	smile	smile	NOUN
dem-5679	123	6	and	and	CCONJ
dem-5679	123	7	is	be	AUX
dem-5679	123	8	called	call	VERB
dem-5679	123	9	the	the	DET
dem-5679	123	10	volatility	volatility	NOUN
dem-5679	123	11	smile	smile	NOUN
dem-5679	123	12	.	.	PUNCT
dem-5679	124	1	it	it	PRON
dem-5679	124	2	is	be	AUX
dem-5679	124	3	often	often	ADV
dem-5679	124	4	observed	observe	VERB
dem-5679	124	5	in	in	ADP
dem-5679	124	6	financial	financial	ADJ
dem-5679	124	7	markets	market	NOUN
dem-5679	124	8	(	(	PUNCT
dem-5679	124	9	lehar	lehar	PROPN
dem-5679	124	10	et	et	PROPN
dem-5679	124	11	al	al	PROPN
dem-5679	124	12	.	.	PROPN
dem-5679	124	13	,	,	PUNCT
dem-5679	124	14	2002	2002	NUM
dem-5679	124	15	;	;	PUNCT
dem-5679	124	16	piontek	piontek	NOUN
dem-5679	124	17	,	,	PUNCT
dem-5679	124	18	2002	2002	NUM
dem-5679	124	19	)	)	PUNCT
dem-5679	124	20	.	.	PUNCT
dem-5679	125	1	when	when	SCONJ
dem-5679	125	2	the	the	DET
dem-5679	125	3	time	time	NOUN
dem-5679	125	4	to	to	ADP
dem-5679	125	5	maturity	maturity	NOUN
dem-5679	125	6	increases	increase	NOUN
dem-5679	125	7	,	,	PUNCT
dem-5679	125	8	the	the	DET
dem-5679	125	9	smile	smile	NOUN
dem-5679	125	10	tends	tend	VERB
dem-5679	125	11	to	to	PART
dem-5679	125	12	become	become	VERB
dem-5679	125	13	flatter	flatter	ADJ
dem-5679	125	14	.	.	PUNCT
dem-5679	126	1	with	with	ADP
dem-5679	126	2	the	the	DET
dem-5679	126	3	increase	increase	NOUN
dem-5679	126	4	of	of	ADP
dem-5679	126	5	the	the	DET
dem-5679	126	6	time	time	NOUN
dem-5679	126	7	to	to	ADP
dem-5679	126	8	maturity	maturity	NOUN
dem-5679	126	9	of	of	ADP
dem-5679	126	10	joanna	joanna	PROPN
dem-5679	126	11	górka	górka	PROPN
dem-5679	126	12	dynamic	dynamic	PROPN
dem-5679	126	13	econometric	econometric	ADJ
dem-5679	126	14	models	model	NOUN
dem-5679	126	15	14	14	NUM
dem-5679	126	16	(	(	PUNCT
dem-5679	126	17	2014	2014	NUM
dem-5679	126	18	)	)	PUNCT
dem-5679	126	19	145–160	145–160	NUM
dem-5679	126	20	156	156	NUM
dem-5679	126	21	the	the	DET
dem-5679	126	22	option	option	NOUN
dem-5679	126	23	the	the	DET
dem-5679	126	24	increase	increase	NOUN
dem-5679	126	25	(	(	PUNCT
dem-5679	126	26	figure	figure	NOUN
dem-5679	126	27	3	3	NUM
dem-5679	126	28	)	)	PUNCT
dem-5679	126	29	or	or	CCONJ
dem-5679	126	30	decrease	decrease	NOUN
dem-5679	126	31	(	(	PUNCT
dem-5679	126	32	figure	figure	NOUN
dem-5679	126	33	2	2	NUM
dem-5679	126	34	)	)	PUNCT
dem-5679	126	35	of	of	ADP
dem-5679	126	36	volatility	volatility	NOUN
dem-5679	126	37	for	for	ADP
dem-5679	126	38	options	option	NOUN
dem-5679	126	39	with	with	ADP
dem-5679	126	40	the	the	DET
dem-5679	126	41	same	same	ADJ
dem-5679	126	42	moneyness	moneyness	NOUN
dem-5679	126	43	is	be	AUX
dem-5679	126	44	often	often	ADV
dem-5679	126	45	observed	observe	VERB
dem-5679	126	46	.	.	PUNCT
dem-5679	127	1	this	this	DET
dem-5679	127	2	result	result	NOUN
dem-5679	127	3	is	be	AUX
dem-5679	127	4	similar	similar	ADJ
dem-5679	127	5	to	to	ADP
dem-5679	127	6	the	the	DET
dem-5679	127	7	result	result	NOUN
dem-5679	127	8	obtained	obtain	VERB
dem-5679	127	9	from	from	ADP
dem-5679	127	10	other	other	ADJ
dem-5679	127	11	garch	garch	NOUN
dem-5679	127	12	models	model	NOUN
dem-5679	127	13	(	(	PUNCT
dem-5679	127	14	piontek	piontek	NOUN
dem-5679	127	15	,	,	PUNCT
dem-5679	127	16	2002	2002	NUM
dem-5679	127	17	,	,	PUNCT
dem-5679	127	18	2004	2004	NUM
dem-5679	127	19	;	;	PUNCT
dem-5679	127	20	hafner	hafner	NOUN
dem-5679	127	21	and	and	CCONJ
dem-5679	127	22	herwartz	herwartz	NOUN
dem-5679	127	23	,	,	PUNCT
dem-5679	127	24	2001	2001	NUM
dem-5679	127	25	;	;	PUNCT
dem-5679	127	26	duan	duan	PROPN
dem-5679	127	27	,	,	PUNCT
dem-5679	127	28	1995	1995	NUM
dem-5679	127	29	)	)	PUNCT
dem-5679	127	30	.	.	PUNCT
dem-5679	128	1	on	on	ADP
dem-5679	128	2	the	the	DET
dem-5679	128	3	basis	basis	NOUN
dem-5679	128	4	of	of	ADP
dem-5679	128	5	the	the	DET
dem-5679	128	6	valuation	valuation	NOUN
dem-5679	128	7	of	of	ADP
dem-5679	128	8	options	option	NOUN
dem-5679	128	9	for	for	ADP
dem-5679	128	10	a	a	DET
dem-5679	128	11	day	day	NOUN
dem-5679	128	12	,	,	PUNCT
dem-5679	128	13	it	it	PRON
dem-5679	128	14	is	be	AUX
dem-5679	128	15	difficult	difficult	ADJ
dem-5679	128	16	to	to	PART
dem-5679	128	17	draw	draw	VERB
dem-5679	128	18	more	more	ADJ
dem-5679	128	19	general	general	ADJ
dem-5679	128	20	conclusions	conclusion	NOUN
dem-5679	128	21	on	on	ADP
dem-5679	128	22	the	the	DET
dem-5679	128	23	usefulness	usefulness	NOUN
dem-5679	128	24	of	of	ADP
dem-5679	128	25	rca	rca	PROPN
dem-5679	128	26	-	-	PUNCT
dem-5679	128	27	garch	garch	NOUN
dem-5679	128	28	and	and	CCONJ
dem-5679	128	29	sign	sign	VERB
dem-5679	128	30	rca	rca	PROPN
dem-5679	128	31	-	-	PUNCT
dem-5679	128	32	garch	garch	NOUN
dem-5679	128	33	models	model	NOUN
dem-5679	128	34	.	.	PUNCT
dem-5679	129	1	therefore	therefore	ADV
dem-5679	129	2	,	,	PUNCT
dem-5679	129	3	the	the	DET
dem-5679	129	4	valuation	valuation	NOUN
dem-5679	129	5	of	of	ADP
dem-5679	129	6	options	option	NOUN
dem-5679	129	7	in	in	ADP
dem-5679	129	8	the	the	DET
dem-5679	129	9	two	two	NUM
dem-5679	129	10	periods	period	NOUN
dem-5679	129	11	were	be	AUX
dem-5679	129	12	made	make	VERB
dem-5679	129	13	using	use	VERB
dem-5679	129	14	different	different	ADJ
dem-5679	129	15	models	model	NOUN
dem-5679	129	16	as	as	ADP
dem-5679	129	17	a	a	DET
dem-5679	129	18	result	result	NOUN
dem-5679	129	19	of	of	ADP
dem-5679	129	20	progressive	progressive	ADJ
dem-5679	129	21	estimation	estimation	NOUN
dem-5679	129	22	models	model	NOUN
dem-5679	129	23	.	.	PUNCT
dem-5679	130	1	in	in	ADP
dem-5679	130	2	the	the	DET
dem-5679	130	3	first	first	ADJ
dem-5679	130	4	period	period	NOUN
dem-5679	130	5	(	(	PUNCT
dem-5679	130	6	november	november	PROPN
dem-5679	130	7	23	23	NUM
dem-5679	130	8	,	,	PUNCT
dem-5679	130	9	2007	2007	NUM
dem-5679	130	10	–	–	PUNCT
dem-5679	130	11	january	january	PROPN
dem-5679	130	12	25	25	NUM
dem-5679	130	13	,	,	PUNCT
dem-5679	130	14	2008	2008	NUM
dem-5679	130	15	)	)	PUNCT
dem-5679	130	16	the	the	DET
dem-5679	130	17	values	value	NOUN
dem-5679	130	18	of	of	ADP
dem-5679	130	19	ow20c85	ow20c85	PROPN
dem-5679	130	20	and	and	CCONJ
dem-5679	130	21	ow20f8	ow20f8	NOUN
dem-5679	130	22	options	option	NOUN
dem-5679	130	23	with	with	ADP
dem-5679	130	24	different	different	ADJ
dem-5679	130	25	exercise	exercise	NOUN
dem-5679	130	26	prices	price	NOUN
dem-5679	130	27	for	for	ADP
dem-5679	130	28	the	the	DET
dem-5679	130	29	next	next	ADJ
dem-5679	130	30	63	63	NUM
dem-5679	130	31	days	day	NOUN
dem-5679	130	32	were	be	AUX
dem-5679	130	33	determined	determine	VERB
dem-5679	130	34	.	.	PUNCT
dem-5679	131	1	in	in	ADP
dem-5679	131	2	the	the	DET
dem-5679	131	3	second	second	ADJ
dem-5679	131	4	period	period	NOUN
dem-5679	131	5	(	(	PUNCT
dem-5679	131	6	november	november	PROPN
dem-5679	131	7	17	17	NUM
dem-5679	131	8	,	,	PUNCT
dem-5679	131	9	2010	2010	NUM
dem-5679	131	10	–	–	PUNCT
dem-5679	131	11	february	february	PROPN
dem-5679	131	12	21	21	NUM
dem-5679	131	13	,	,	PUNCT
dem-5679	131	14	2011	2011	NUM
dem-5679	131	15	)	)	PUNCT
dem-5679	131	16	the	the	DET
dem-5679	131	17	valuation	valuation	NOUN
dem-5679	131	18	of	of	ADP
dem-5679	131	19	ow20c1	ow20c1	PROPN
dem-5679	131	20	and	and	CCONJ
dem-5679	131	21	ow20f1	ow20f1	PROPN
dem-5679	131	22	options	option	NOUN
dem-5679	131	23	with	with	ADP
dem-5679	131	24	different	different	ADJ
dem-5679	131	25	exercise	exercise	NOUN
dem-5679	131	26	prices	price	NOUN
dem-5679	131	27	for	for	ADP
dem-5679	131	28	the	the	DET
dem-5679	131	29	next	next	ADJ
dem-5679	131	30	67	67	NUM
dem-5679	131	31	days	day	NOUN
dem-5679	131	32	was	be	AUX
dem-5679	131	33	made	make	VERB
dem-5679	131	34	.	.	PUNCT
dem-5679	132	1	table	table	NOUN
dem-5679	132	2	2	2	NUM
dem-5679	132	3	.	.	PUNCT
dem-5679	133	1	the	the	DET
dem-5679	133	2	mean	mean	ADJ
dem-5679	133	3	option	option	NOUN
dem-5679	133	4	pricing	pricing	NOUN
dem-5679	133	5	errors	error	VERB
dem-5679	133	6			PROPN
dem-5679	133	7	180>	180>	PROPN
dem-5679	133	8	error	error	NOUN
dem-5679	133	9	options	option	NOUN
dem-5679	133	10	rca	rca	NOUN
dem-5679	133	11	-	-	PUNCT
dem-5679	133	12	garch	garch	NOUN
dem-5679	133	13	sign	sign	NOUN
dem-5679	133	14	rca	rca	PROPN
dem-5679	133	15	-	-	PUNCT
dem-5679	133	16	garch	garch	NOUN
dem-5679	133	17	ar	ar	PROPN
dem-5679	133	18	-	-	ADJ
dem-5679	133	19	garch	garch	NOUN
dem-5679	133	20	ar	ar	NOUN
dem-5679	133	21	-	-	PUNCT
dem-5679	133	22	gjr	gjr	NOUN
dem-5679	133	23	-	-	PUNCT
dem-5679	133	24	garch	garch	NOUN
dem-5679	133	25	252	252	NUM
dem-5679	133	26	observations	observation	NOUN
dem-5679	133	27	rpe	rpe	PROPN
dem-5679	133	28	itm	itm	PROPN
dem-5679	133	29	0.8079	0.8079	NUM
dem-5679	133	30	0.1860	0.1860	PROPN
dem-5679	133	31	0.1988	0.1988	NUM
dem-5679	133	32	0.2022	0.2022	NUM
dem-5679	133	33	atm	atm	NOUN
dem-5679	133	34	1.8958	1.8958	NUM
dem-5679	133	35	0.4736	0.4736	NUM
dem-5679	133	36	0.5088	0.5088	NUM
dem-5679	133	37	0.4358	0.4358	NUM
dem-5679	134	1	otm	otm	NOUN
dem-5679	134	2	5.8016	5.8016	NUM
dem-5679	134	3	1.1948	1.1948	NUM
dem-5679	134	4	1.2816	1.2816	NUM
dem-5679	134	5	1.0673	1.0673	NUM
dem-5679	134	6	arpe	arpe	PROPN
dem-5679	134	7	itm	itm	NOUN
dem-5679	134	8	0.8079	0.8079	NUM
dem-5679	134	9	0.1873	0.1873	NUM
dem-5679	134	10	0.1988	0.1988	NUM
dem-5679	134	11	0.2067	0.2067	NUM
dem-5679	134	12	atm	atm	NOUN
dem-5679	134	13	1.8958	1.8958	NUM
dem-5679	134	14	0.4736	0.4736	NUM
dem-5679	134	15	0.5088	0.5088	NUM
dem-5679	134	16	0.4408	0.4408	NUM
dem-5679	134	17	otm	otm	NOUN
dem-5679	134	18	5.8016	5.8016	NUM
dem-5679	134	19	1.1948	1.1948	NUM
dem-5679	134	20	1.2816	1.2816	NUM
dem-5679	134	21	1.2015	1.2015	NUM
dem-5679	134	22	504	504	NUM
dem-5679	134	23	observations	observation	NOUN
dem-5679	134	24	rpe	rpe	PROPN
dem-5679	134	25	itm	itm	PROPN
dem-5679	134	26	0.0764	0.0764	NUM
dem-5679	134	27	0.0911	0.0911	NUM
dem-5679	134	28	0.2228	0.2228	NUM
dem-5679	134	29	0.2022	0.2022	NUM
dem-5679	134	30	atm	atm	NOUN
dem-5679	134	31	0.1517	0.1517	NUM
dem-5679	134	32	0.1830	0.1830	NUM
dem-5679	134	33	0.5339	0.5339	NUM
dem-5679	134	34	0.4358	0.4358	NUM
dem-5679	134	35	otm	otm	NOUN
dem-5679	134	36	0.3341	0.3341	NUM
dem-5679	134	37	0.4280	0.4280	NUM
dem-5679	134	38	1.4065	1.4065	NUM
dem-5679	134	39	1.0673	1.0673	NUM
dem-5679	134	40	arpe	arpe	PROPN
dem-5679	134	41	itm	itm	NOUN
dem-5679	134	42	0.0812	0.0812	NUM
dem-5679	134	43	0.0996	0.0996	NUM
dem-5679	134	44	0.2228	0.2228	NUM
dem-5679	134	45	0.2067	0.2067	NUM
dem-5679	134	46	atm	atm	NOUN
dem-5679	134	47	0.1596	0.1596	NUM
dem-5679	134	48	0.1979	0.1979	NUM
dem-5679	134	49	0.5339	0.5339	NUM
dem-5679	134	50	0.4408	0.4408	NUM
dem-5679	134	51	otm	otm	NUM
dem-5679	134	52	0.3589	0.3589	NUM
dem-5679	134	53	0.4911	0.4911	NUM
dem-5679	134	54	1.4198	1.4198	NUM
dem-5679	134	55	1.2015	1.2015	NUM
dem-5679	134	56	1008	1008	NUM
dem-5679	134	57	observations	observation	NOUN
dem-5679	134	58	rpe	rpe	PROPN
dem-5679	134	59	itm	itm	PROPN
dem-5679	134	60	0.3268	0.3268	NUM
dem-5679	134	61	0.3114	0.3114	NUM
dem-5679	134	62	0.3268	0.3268	NUM
dem-5679	134	63	0.3628	0.3628	NUM
dem-5679	134	64	atm	atm	NOUN
dem-5679	134	65	0.8260	0.8260	NUM
dem-5679	134	66	0.7756	0.7756	NUM
dem-5679	134	67	0.8260	0.8260	NUM
dem-5679	134	68	0.8607	0.8607	NUM
dem-5679	134	69	otm	otm	NOUN
dem-5679	134	70	2.2219	2.2219	NUM
dem-5679	134	71	2.0916	2.0916	NUM
dem-5679	134	72	2.2217	2.2217	NUM
dem-5679	134	73	2.1698	2.1698	NUM
dem-5679	134	74	arpe	arpe	PROPN
dem-5679	134	75	itm	itm	NOUN
dem-5679	134	76	0.3268	0.3268	NUM
dem-5679	134	77	0.3176	0.3176	NUM
dem-5679	134	78	0.3268	0.3268	NUM
dem-5679	134	79	0.3628	0.3628	NUM
dem-5679	134	80	atm	atm	NOUN
dem-5679	134	81	0.8260	0.8260	NUM
dem-5679	134	82	0.7884	0.7884	NUM
dem-5679	134	83	0.8260	0.8260	NUM
dem-5679	134	84	0.8607	0.8607	NUM
dem-5679	134	85	otm	otm	NOUN
dem-5679	134	86	2.2219	2.2219	NUM
dem-5679	134	87	2.1179	2.1179	NUM
dem-5679	134	88	2.2217	2.2217	NUM
dem-5679	134	89	2.1698	2.1698	NUM
dem-5679	134	90	note	note	NOUN
dem-5679	134	91	:	:	PUNCT
dem-5679	134	92	atm	atm	ADJ
dem-5679	134	93	–	–	PUNCT
dem-5679	134	94	at	at	ADP
dem-5679	134	95	-	-	PUNCT
dem-5679	134	96	the	the	DET
dem-5679	134	97	-	-	PUNCT
dem-5679	134	98	money	money	NOUN
dem-5679	134	99	,	,	PUNCT
dem-5679	134	100	itm	itm	PROPN
dem-5679	134	101	–	–	PUNCT
dem-5679	134	102	in	in	ADP
dem-5679	134	103	-	-	PUNCT
dem-5679	134	104	the	the	DET
dem-5679	134	105	-	-	PUNCT
dem-5679	134	106	money	money	NOUN
dem-5679	134	107	,	,	PUNCT
dem-5679	134	108	otm	otm	NOUN
dem-5679	134	109	–	–	PUNCT
dem-5679	134	110	out	out	ADP
dem-5679	134	111	-	-	PUNCT
dem-5679	134	112	of	of	ADP
dem-5679	134	113	-	-	PUNCT
dem-5679	134	114	the	the	DET
dem-5679	134	115	-	-	PUNCT
dem-5679	134	116	money	money	NOUN
dem-5679	134	117	.	.	PUNCT
dem-5679	135	1	the	the	DET
dem-5679	135	2	bold	bold	ADJ
dem-5679	135	3	number	number	NOUN
dem-5679	135	4	indicate	indicate	VERB
dem-5679	135	5	minimum	minimum	NOUN
dem-5679	135	6	of	of	ADP
dem-5679	135	7	absolute	absolute	ADJ
dem-5679	135	8	error	error	NOUN
dem-5679	135	9	.	.	PUNCT
dem-5679	136	1	the	the	DET
dem-5679	136	2	obtained	obtain	VERB
dem-5679	136	3	values	value	NOUN
dem-5679	136	4	of	of	ADP
dem-5679	136	5	option	option	NOUN
dem-5679	136	6	prices	price	NOUN
dem-5679	136	7	were	be	AUX
dem-5679	136	8	subsequently	subsequently	ADV
dem-5679	136	9	split	split	VERB
dem-5679	136	10	according	accord	VERB
dem-5679	136	11	to	to	ADP
dem-5679	136	12	the	the	DET
dem-5679	136	13	time	time	NOUN
dem-5679	136	14	to	to	ADP
dem-5679	136	15	maturity	maturity	NOUN
dem-5679	136	16	of	of	ADP
dem-5679	136	17	the	the	DET
dem-5679	136	18	options	option	NOUN
dem-5679	136	19	(	(	PUNCT
dem-5679	136	20	in	in	ADP
dem-5679	136	21	days	day	NOUN
dem-5679	136	22	)	)	PUNCT
dem-5679	136	23	,	,	PUNCT
dem-5679	136	24	i.e.	i.e.	X
dem-5679	136	25	5	5	NUM
dem-5679	136	26	type	type	NOUN
dem-5679	136	27	of	of	ADP
dem-5679	136	28	call	call	NOUN
dem-5679	136	29	options	option	NOUN
dem-5679	136	30	.	.	PUNCT
dem-5679	137	1	option	option	NOUN
dem-5679	137	2	pricing	pricing	NOUN
dem-5679	137	3	under	under	ADP
dem-5679	137	4	sign	sign	PROPN
dem-5679	137	5	rca	rca	PROPN
dem-5679	137	6	-	-	PUNCT
dem-5679	137	7	garch	garch	NOUN
dem-5679	137	8	models	model	NOUN
dem-5679	137	9	dynamic	dynamic	ADJ
dem-5679	137	10	econometric	econometric	ADJ
dem-5679	137	11	models	model	NOUN
dem-5679	137	12	14	14	NUM
dem-5679	137	13	(	(	PUNCT
dem-5679	137	14	2014	2014	NUM
dem-5679	137	15	)	)	PUNCT
dem-5679	138	1	145–160	145–160	NUM
dem-5679	138	2	157	157	NUM
dem-5679	138	3			NOUN
dem-5679	138	4	short	short	ADJ
dem-5679	138	5	maturity	maturity	NOUN
dem-5679	138	6	(	(	PUNCT
dem-5679	138	7	60	60	NUM
dem-5679	138	8	)	)	PUNCT
dem-5679	138	9	,	,	PUNCT
dem-5679	138	10			NOUN
dem-5679	138	11	medium	medium	NOUN
dem-5679	138	12	maturity	maturity	NOUN
dem-5679	138	13	(	(	PUNCT
dem-5679	138	14	180<60	180<60	NUM
dem-5679	138	15			NOUN
dem-5679	138	16	)	)	PUNCT
dem-5679	138	17	,	,	PUNCT
dem-5679	138	18			NOUN
dem-5679	138	19	long	long	ADJ
dem-5679	138	20	maturity	maturity	NOUN
dem-5679	138	21	(	(	PUNCT
dem-5679	138	22	180>	180>	NUM
dem-5679	138	23	)	)	PUNCT
dem-5679	138	24	.	.	PUNCT
dem-5679	139	1	then	then	ADV
dem-5679	139	2	,	,	PUNCT
dem-5679	139	3	in	in	ADP
dem-5679	139	4	the	the	DET
dem-5679	139	5	first	first	ADJ
dem-5679	139	6	place	place	NOUN
dem-5679	139	7	the	the	DET
dem-5679	139	8	option	option	NOUN
dem-5679	139	9	at	at	ADP
dem-5679	139	10	-	-	PUNCT
dem-5679	139	11	the	the	DET
dem-5679	139	12	-	-	PUNCT
dem-5679	139	13	money	money	NOUN
dem-5679	139	14	(	(	PUNCT
dem-5679	139	15	atm	atm	NOUN
dem-5679	139	16	)	)	PUNCT
dem-5679	139	17	was	be	AUX
dem-5679	139	18	determined	determine	VERB
dem-5679	139	19	,	,	PUNCT
dem-5679	139	20	and	and	CCONJ
dem-5679	139	21	then	then	ADV
dem-5679	139	22	statistical	statistical	ADJ
dem-5679	139	23	measures	measure	NOUN
dem-5679	139	24	of	of	ADP
dem-5679	139	25	errors	error	NOUN
dem-5679	139	26	for	for	ADP
dem-5679	139	27	the	the	DET
dem-5679	139	28	four	four	NUM
dem-5679	139	29	options	option	NOUN
dem-5679	139	30	in	in	ADP
dem-5679	139	31	-	-	PUNCT
dem-5679	139	32	the	the	DET
dem-5679	139	33	-	-	PUNCT
dem-5679	139	34	money	money	NOUN
dem-5679	139	35	(	(	PUNCT
dem-5679	139	36	itm	itm	NOUN
dem-5679	139	37	)	)	PUNCT
dem-5679	139	38	and	and	CCONJ
dem-5679	139	39	four	four	NUM
dem-5679	139	40	options	option	NOUN
dem-5679	139	41	out	out	ADP
dem-5679	139	42	-	-	PUNCT
dem-5679	139	43	of	of	ADP
dem-5679	139	44	-	-	PUNCT
dem-5679	139	45	the	the	DET
dem-5679	139	46	-	-	PUNCT
dem-5679	139	47	money	money	NOUN
dem-5679	139	48	(	(	PUNCT
dem-5679	139	49	otm	otm	NOUN
dem-5679	139	50	)	)	PUNCT
dem-5679	139	51	were	be	AUX
dem-5679	139	52	calculated6	calculated6	NOUN
dem-5679	139	53	.	.	PUNCT
dem-5679	140	1	the	the	DET
dem-5679	140	2	results	result	NOUN
dem-5679	140	3	for	for	ADP
dem-5679	140	4	the	the	DET
dem-5679	140	5	second	second	ADJ
dem-5679	140	6	period	period	NOUN
dem-5679	140	7	were	be	AUX
dem-5679	140	8	shown	show	VERB
dem-5679	140	9	in	in	ADP
dem-5679	140	10	tables	table	NOUN
dem-5679	140	11	2–4	2–4	NUM
dem-5679	140	12	.	.	PUNCT
dem-5679	140	13	table	table	NOUN
dem-5679	140	14	3	3	NUM
dem-5679	140	15	.	.	PUNCT
dem-5679	141	1	the	the	DET
dem-5679	141	2	mean	mean	ADJ
dem-5679	141	3	option	option	NOUN
dem-5679	141	4	pricing	pricing	NOUN
dem-5679	141	5	errors	error	VERB
dem-5679	141	6			NOUN
dem-5679	141	7	180<60	180<60	PROPN
dem-5679	141	8			NOUN
dem-5679	141	9	error	error	NOUN
dem-5679	141	10	options	option	NOUN
dem-5679	141	11	rca	rca	PROPN
dem-5679	141	12	-	-	PUNCT
dem-5679	141	13	garch	garch	NOUN
dem-5679	141	14	sign	sign	NOUN
dem-5679	141	15	rca	rca	PROPN
dem-5679	141	16	-	-	PUNCT
dem-5679	141	17	garch	garch	NOUN
dem-5679	141	18	ar	ar	PROPN
dem-5679	141	19	-	-	ADJ
dem-5679	141	20	garch	garch	NOUN
dem-5679	141	21	ar	ar	NOUN
dem-5679	141	22	-	-	PUNCT
dem-5679	141	23	gjr	gjr	NOUN
dem-5679	141	24	-	-	PUNCT
dem-5679	141	25	garch	garch	NOUN
dem-5679	141	26	252	252	NUM
dem-5679	141	27	observations	observation	NOUN
dem-5679	141	28	rpe	rpe	PROPN
dem-5679	141	29	itm	itm	PROPN
dem-5679	141	30	0.2549	0.2549	NUM
dem-5679	141	31	0.1153	0.1153	NUM
dem-5679	141	32	0.1117	0.1117	NUM
dem-5679	142	1	0.1435	0.1435	NUM
dem-5679	142	2	atm	atm	NOUN
dem-5679	142	3	0.6812	0.6812	NUM
dem-5679	142	4	0.3362	0.3362	NUM
dem-5679	142	5	0.3339	0.3339	NUM
dem-5679	142	6	0.4123	0.4123	NUM
dem-5679	142	7	otm	otm	NOUN
dem-5679	142	8	4.5922	4.5922	NUM
dem-5679	142	9	1.6938	1.6938	NUM
dem-5679	142	10	1.6740	1.6740	NUM
dem-5679	142	11	1.8805	1.8805	NUM
dem-5679	142	12	arpe	arpe	PROPN
dem-5679	142	13	itm	itm	PROPN
dem-5679	142	14	0.2585	0.2585	NUM
dem-5679	142	15	0.1209	0.1209	NUM
dem-5679	142	16	0.1147	0.1147	NUM
dem-5679	142	17	0.1441	0.1441	NUM
dem-5679	142	18	atm	atm	NOUN
dem-5679	142	19	0.6966	0.6966	NUM
dem-5679	142	20	0.3676	0.3676	NUM
dem-5679	142	21	0.3392	0.3392	NUM
dem-5679	142	22	0.4123	0.4123	NUM
dem-5679	142	23	otm	otm	NOUN
dem-5679	142	24	4.6231	4.6231	NUM
dem-5679	142	25	1.7395	1.7395	NUM
dem-5679	142	26	1.6768	1.6768	NUM
dem-5679	142	27	1.8805	1.8805	NUM
dem-5679	142	28	504	504	NUM
dem-5679	142	29	observations	observation	NOUN
dem-5679	142	30	rpe	rpe	PROPN
dem-5679	142	31	itm	itm	PROPN
dem-5679	142	32	–	–	PUNCT
dem-5679	142	33	0.0002	0.0002	NUM
dem-5679	142	34	0.0426	0.0426	NUM
dem-5679	142	35	0.1000	0.1000	NUM
dem-5679	142	36	0.1532	0.1532	NUM
dem-5679	142	37	atm	atm	NOUN
dem-5679	142	38	–	–	PUNCT
dem-5679	142	39	0.1188	0.1188	NUM
dem-5679	142	40	0.0651	0.0651	NUM
dem-5679	142	41	0.2646	0.2646	NUM
dem-5679	142	42	0.4006	0.4006	NUM
dem-5679	142	43	otm	otm	NOUN
dem-5679	142	44	0.1759	0.1759	NUM
dem-5679	142	45	0.5314	0.5314	NUM
dem-5679	142	46	1.5774	1.5774	NUM
dem-5679	142	47	2.2177	2.2177	NUM
dem-5679	142	48	arpe	arpe	PROPN
dem-5679	142	49	itm	itm	NOUN
dem-5679	142	50	0.0913	0.0913	NUM
dem-5679	142	51	0.0685	0.0685	NUM
dem-5679	142	52	0.1166	0.1166	NUM
dem-5679	142	53	0.1676	0.1676	NUM
dem-5679	142	54	atm	atm	NOUN
dem-5679	142	55	0.3081	0.3081	NUM
dem-5679	142	56	0.1690	0.1690	NUM
dem-5679	142	57	0.3375	0.3375	NUM
dem-5679	142	58	0.4734	0.4734	NUM
dem-5679	142	59	otm	otm	NOUN
dem-5679	142	60	0.7708	0.7708	NUM
dem-5679	142	61	0.6223	0.6223	NUM
dem-5679	142	62	1.6448	1.6448	NUM
dem-5679	142	63	2.4192	2.4192	NUM
dem-5679	142	64	1008	1008	NUM
dem-5679	142	65	observations	observation	NOUN
dem-5679	142	66	rpe	rpe	PROPN
dem-5679	142	67	itm	itm	PROPN
dem-5679	142	68	0.1702	0.1702	NUM
dem-5679	142	69	0.1901	0.1901	NUM
dem-5679	142	70	0.1702	0.1702	NUM
dem-5679	142	71	0.2003	0.2003	NUM
dem-5679	142	72	atm	atm	NOUN
dem-5679	142	73	0.5001	0.5001	NUM
dem-5679	142	74	0.5692	0.5692	NUM
dem-5679	142	75	0.5001	0.5001	NUM
dem-5679	142	76	0.5282	0.5282	NUM
dem-5679	142	77	otm	otm	NOUN
dem-5679	142	78	2.5682	2.5682	NUM
dem-5679	142	79	3.2605	3.2605	NUM
dem-5679	142	80	2.5682	2.5682	NUM
dem-5679	142	81	2.2497	2.2497	NUM
dem-5679	142	82	arpe	arpe	PROPN
dem-5679	142	83	itm	itm	NOUN
dem-5679	142	84	0.1715	0.1715	NUM
dem-5679	142	85	0.2031	0.2031	NUM
dem-5679	142	86	0.1715	0.1715	NUM
dem-5679	142	87	0.2035	0.2035	NUM
dem-5679	142	88	atm	atm	NOUN
dem-5679	142	89	0.5010	0.5010	NUM
dem-5679	142	90	0.6349	0.6349	NUM
dem-5679	142	91	0.5010	0.5010	NUM
dem-5679	142	92	0.5448	0.5448	NUM
dem-5679	142	93	otm	otm	NOUN
dem-5679	142	94	2.5682	2.5682	NUM
dem-5679	142	95	3.3311	3.3311	NUM
dem-5679	142	96	2.5682	2.5682	NUM
dem-5679	142	97	2.2857	2.2857	NUM
dem-5679	142	98	note	note	NOUN
dem-5679	142	99	:	:	PUNCT
dem-5679	142	100	atm	atm	ADJ
dem-5679	142	101	–	–	PUNCT
dem-5679	142	102	at	at	ADP
dem-5679	142	103	-	-	PUNCT
dem-5679	142	104	the	the	DET
dem-5679	142	105	-	-	PUNCT
dem-5679	142	106	money	money	NOUN
dem-5679	142	107	,	,	PUNCT
dem-5679	142	108	itm	itm	PROPN
dem-5679	142	109	–	–	PUNCT
dem-5679	142	110	in	in	ADP
dem-5679	142	111	-	-	PUNCT
dem-5679	142	112	the	the	DET
dem-5679	142	113	-	-	PUNCT
dem-5679	142	114	money	money	NOUN
dem-5679	142	115	,	,	PUNCT
dem-5679	142	116	otm	otm	NOUN
dem-5679	142	117	–	–	PUNCT
dem-5679	142	118	out	out	ADP
dem-5679	142	119	-	-	PUNCT
dem-5679	142	120	of	of	ADP
dem-5679	142	121	-	-	PUNCT
dem-5679	142	122	the	the	DET
dem-5679	142	123	-	-	PUNCT
dem-5679	142	124	money	money	NOUN
dem-5679	142	125	.	.	PUNCT
dem-5679	143	1	the	the	DET
dem-5679	143	2	bold	bold	ADJ
dem-5679	143	3	number	number	NOUN
dem-5679	143	4	indicate	indicate	VERB
dem-5679	143	5	minimum	minimum	NOUN
dem-5679	143	6	of	of	ADP
dem-5679	143	7	absolute	absolute	ADJ
dem-5679	143	8	error	error	NOUN
dem-5679	143	9	.	.	PUNCT
dem-5679	144	1	obtained	obtain	VERB
dem-5679	144	2	results	result	NOUN
dem-5679	144	3	depend	depend	VERB
dem-5679	144	4	mainly	mainly	ADV
dem-5679	144	5	on	on	ADP
dem-5679	144	6	the	the	DET
dem-5679	144	7	time	time	NOUN
dem-5679	144	8	to	to	ADP
dem-5679	144	9	maturity	maturity	NOUN
dem-5679	144	10	and	and	CCONJ
dem-5679	144	11	size	size	NOUN
dem-5679	144	12	of	of	ADP
dem-5679	144	13	sample	sample	NOUN
dem-5679	144	14	.	.	PUNCT
dem-5679	145	1	however	however	ADV
dem-5679	145	2	,	,	PUNCT
dem-5679	145	3	the	the	DET
dem-5679	145	4	smallest	small	ADJ
dem-5679	145	5	absolute	absolute	ADJ
dem-5679	145	6	error	error	NOUN
dem-5679	145	7	values	value	NOUN
dem-5679	145	8	were	be	AUX
dem-5679	145	9	received	receive	VERB
dem-5679	145	10	for	for	ADP
dem-5679	145	11	the	the	DET
dem-5679	145	12	sample	sample	NOUN
dem-5679	145	13	of	of	ADP
dem-5679	145	14	504	504	NUM
dem-5679	145	15	observations	observation	NOUN
dem-5679	145	16	regardless	regardless	ADV
dem-5679	145	17	of	of	ADP
dem-5679	145	18	the	the	DET
dem-5679	145	19	choice	choice	NOUN
dem-5679	145	20	of	of	ADP
dem-5679	145	21	the	the	DET
dem-5679	145	22	model	model	NOUN
dem-5679	145	23	for	for	ADP
dem-5679	145	24	the	the	DET
dem-5679	145	25	theoretical	theoretical	ADJ
dem-5679	145	26	option	option	NOUN
dem-5679	145	27	prices	price	NOUN
dem-5679	145	28	(	(	PUNCT
dem-5679	145	29	see	see	VERB
dem-5679	145	30	table	table	NOUN
dem-5679	145	31	2–4	2–4	NUM
dem-5679	145	32	)	)	PUNCT
dem-5679	145	33	.	.	PUNCT
dem-5679	146	1	for	for	ADP
dem-5679	146	2	each	each	DET
dem-5679	146	3	time	time	NOUN
dem-5679	146	4	to	to	ADP
dem-5679	146	5	maturity	maturity	NOUN
dem-5679	146	6	and	and	CCONJ
dem-5679	146	7	size	size	NOUN
dem-5679	146	8	of	of	ADP
dem-5679	146	9	6	6	NUM
dem-5679	146	10	firstly	firstly	ADV
dem-5679	146	11	,	,	PUNCT
dem-5679	146	12	4	4	NUM
dem-5679	146	13	options	option	NOUN
dem-5679	146	14	in	in	ADP
dem-5679	146	15	-	-	PUNCT
dem-5679	146	16	the	the	DET
dem-5679	146	17	-	-	PUNCT
dem-5679	146	18	money	money	NOUN
dem-5679	146	19	and	and	CCONJ
dem-5679	146	20	out	out	ADP
dem-5679	146	21	-	-	PUNCT
dem-5679	146	22	of	of	ADP
dem-5679	146	23	-	-	PUNCT
dem-5679	146	24	the	the	DET
dem-5679	146	25	-	-	PUNCT
dem-5679	146	26	money	money	NOUN
dem-5679	146	27	were	be	AUX
dem-5679	146	28	right	right	ADV
dem-5679	146	29	next	next	ADV
dem-5679	146	30	to	to	ADP
dem-5679	146	31	the	the	DET
dem-5679	146	32	option	option	NOUN
dem-5679	146	33	atthe	atthe	ADJ
dem-5679	146	34	-	-	PUNCT
dem-5679	146	35	money	money	NOUN
dem-5679	146	36	.	.	PUNCT
dem-5679	147	1	second	second	ADJ
dem-5679	147	2	,	,	PUNCT
dem-5679	147	3	for	for	ADP
dem-5679	147	4	each	each	DET
dem-5679	147	5	day	day	NOUN
dem-5679	147	6	of	of	ADP
dem-5679	147	7	option	option	NOUN
dem-5679	147	8	pricing	price	VERB
dem-5679	147	9	the	the	DET
dem-5679	147	10	error	error	NOUN
dem-5679	147	11	measures	measure	NOUN
dem-5679	147	12	had	have	AUX
dem-5679	147	13	had	have	VERB
dem-5679	147	14	3	3	NUM
dem-5679	147	15	values	value	NOUN
dem-5679	147	16	,	,	PUNCT
dem-5679	147	17	one	one	NUM
dem-5679	147	18	of	of	ADP
dem-5679	147	19	each	each	DET
dem-5679	147	20	type	type	NOUN
dem-5679	147	21	of	of	ADP
dem-5679	147	22	option	option	NOUN
dem-5679	147	23	.	.	PUNCT
dem-5679	148	1	for	for	ADP
dem-5679	148	2	the	the	DET
dem-5679	148	3	whole	whole	NOUN
dem-5679	148	4	of	of	ADP
dem-5679	148	5	the	the	DET
dem-5679	148	6	period	period	NOUN
dem-5679	148	7	(	(	PUNCT
dem-5679	148	8	for	for	ADP
dem-5679	148	9	example	example	NOUN
dem-5679	148	10	,	,	PUNCT
dem-5679	148	11	a	a	DET
dem-5679	148	12	option	option	NOUN
dem-5679	148	13	with	with	ADP
dem-5679	148	14	medium	medium	ADJ
dem-5679	148	15	maturity	maturity	NOUN
dem-5679	148	16	)	)	PUNCT
dem-5679	148	17	,	,	PUNCT
dem-5679	148	18	the	the	DET
dem-5679	148	19	result	result	NOUN
dem-5679	148	20	was	be	AUX
dem-5679	148	21	the	the	DET
dem-5679	148	22	average	average	NOUN
dem-5679	148	23	of	of	ADP
dem-5679	148	24	the	the	DET
dem-5679	148	25	results	result	NOUN
dem-5679	148	26	for	for	ADP
dem-5679	148	27	the	the	DET
dem-5679	148	28	option	option	NOUN
dem-5679	148	29	of	of	ADP
dem-5679	148	30	this	this	DET
dem-5679	148	31	period	period	NOUN
dem-5679	148	32	(	(	PUNCT
dem-5679	148	33	for	for	ADP
dem-5679	148	34	example	example	NOUN
dem-5679	148	35	,	,	PUNCT
dem-5679	148	36	for	for	ADP
dem-5679	148	37	the	the	DET
dem-5679	148	38	option	option	NOUN
dem-5679	148	39	of	of	ADP
dem-5679	148	40	180<60	180<60	NUM
dem-5679	148	41			NOUN
dem-5679	148	42	)	)	PUNCT
dem-5679	148	43	.	.	PUNCT
dem-5679	149	1	joanna	joanna	PROPN
dem-5679	149	2	górka	górka	PROPN
dem-5679	149	3	dynamic	dynamic	PROPN
dem-5679	149	4	econometric	econometric	ADJ
dem-5679	149	5	models	model	NOUN
dem-5679	149	6	14	14	NUM
dem-5679	149	7	(	(	PUNCT
dem-5679	149	8	2014	2014	NUM
dem-5679	149	9	)	)	PUNCT
dem-5679	150	1	145–160	145–160	NUM
dem-5679	150	2	158	158	NUM
dem-5679	150	3	sample	sample	NOUN
dem-5679	150	4	different	different	ADJ
dem-5679	150	5	conclusions	conclusion	NOUN
dem-5679	150	6	may	may	AUX
dem-5679	150	7	be	be	AUX
dem-5679	150	8	drawn	draw	VERB
dem-5679	150	9	.	.	PUNCT
dem-5679	151	1	for	for	ADP
dem-5679	151	2	example	example	NOUN
dem-5679	151	3	,	,	PUNCT
dem-5679	151	4	for	for	ADP
dem-5679	151	5	long	long	ADJ
dem-5679	151	6	time	time	NOUN
dem-5679	151	7	to	to	ADP
dem-5679	151	8	maturity	maturity	NOUN
dem-5679	151	9	(	(	PUNCT
dem-5679	151	10	table	table	NOUN
dem-5679	151	11	2	2	NUM
dem-5679	151	12	)	)	PUNCT
dem-5679	151	13	and	and	CCONJ
dem-5679	151	14	the	the	DET
dem-5679	151	15	sample	sample	NOUN
dem-5679	151	16	of	of	ADP
dem-5679	151	17	504	504	NUM
dem-5679	151	18	observations	observation	NOUN
dem-5679	151	19	the	the	DET
dem-5679	151	20	smallest	small	ADJ
dem-5679	151	21	values	value	NOUN
dem-5679	151	22	of	of	ADP
dem-5679	151	23	the	the	DET
dem-5679	151	24	mean	mean	ADJ
dem-5679	151	25	pricing	pricing	NOUN
dem-5679	151	26	error	error	NOUN
dem-5679	151	27	(	(	PUNCT
dem-5679	151	28	absolute	absolute	ADJ
dem-5679	151	29	and	and	CCONJ
dem-5679	151	30	relative	relative	ADJ
dem-5679	151	31	)	)	PUNCT
dem-5679	151	32	were	be	AUX
dem-5679	151	33	obtained	obtain	VERB
dem-5679	151	34	for	for	ADP
dem-5679	151	35	rcagarch	rcagarch	NOUN
dem-5679	151	36	models	model	NOUN
dem-5679	151	37	,	,	PUNCT
dem-5679	151	38	while	while	SCONJ
dem-5679	151	39	for	for	ADP
dem-5679	151	40	the	the	DET
dem-5679	151	41	short	short	ADJ
dem-5679	151	42	time	time	NOUN
dem-5679	151	43	to	to	ADP
dem-5679	151	44	maturity	maturity	NOUN
dem-5679	151	45	(	(	PUNCT
dem-5679	151	46	table	table	NOUN
dem-5679	151	47	4	4	NUM
dem-5679	151	48	)	)	PUNCT
dem-5679	151	49	–	–	PUNCT
dem-5679	151	50	for	for	ADP
dem-5679	151	51	sign	sign	NOUN
dem-5679	151	52	rca	rca	PROPN
dem-5679	151	53	-	-	PUNCT
dem-5679	151	54	garch	garch	NOUN
dem-5679	151	55	models	model	NOUN
dem-5679	151	56	.	.	PUNCT
dem-5679	152	1	this	this	PRON
dem-5679	152	2	holds	hold	VERB
dem-5679	152	3	for	for	ADP
dem-5679	152	4	each	each	DET
dem-5679	152	5	type	type	NOUN
dem-5679	152	6	of	of	ADP
dem-5679	152	7	options	option	NOUN
dem-5679	152	8	.	.	PUNCT
dem-5679	153	1	in	in	ADP
dem-5679	153	2	this	this	DET
dem-5679	153	3	study	study	NOUN
dem-5679	153	4	,	,	PUNCT
dem-5679	153	5	regardless	regardless	ADV
dem-5679	153	6	of	of	ADP
dem-5679	153	7	the	the	DET
dem-5679	153	8	sample	sample	NOUN
dem-5679	153	9	size	size	NOUN
dem-5679	153	10	,	,	PUNCT
dem-5679	153	11	the	the	DET
dem-5679	153	12	out	out	ADV
dem-5679	153	13	-	-	PUNCT
dem-5679	153	14	of	of	ADP
dem-5679	153	15	-	-	PUNCT
dem-5679	153	16	the	the	DET
dem-5679	153	17	-	-	PUNCT
dem-5679	153	18	money	money	NOUN
dem-5679	153	19	options	option	NOUN
dem-5679	153	20	for	for	ADP
dem-5679	153	21	the	the	DET
dem-5679	153	22	short	short	ADJ
dem-5679	153	23	time	time	NOUN
dem-5679	153	24	to	to	ADP
dem-5679	153	25	maturity	maturity	NOUN
dem-5679	153	26	were	be	AUX
dem-5679	153	27	substantially	substantially	ADV
dem-5679	153	28	overestimated	overestimate	VERB
dem-5679	153	29	.	.	PUNCT
dem-5679	154	1	the	the	DET
dem-5679	154	2	similar	similar	ADJ
dem-5679	154	3	results	result	NOUN
dem-5679	154	4	for	for	ADP
dem-5679	154	5	the	the	DET
dem-5679	154	6	long	long	ADJ
dem-5679	154	7	time	time	NOUN
dem-5679	154	8	to	to	ADP
dem-5679	154	9	maturity	maturity	NOUN
dem-5679	154	10	for	for	ADP
dem-5679	154	11	the	the	DET
dem-5679	154	12	first	first	ADJ
dem-5679	154	13	period	period	NOUN
dem-5679	154	14	(	(	PUNCT
dem-5679	154	15	november	november	PROPN
dem-5679	154	16	23	23	NUM
dem-5679	154	17	,	,	PUNCT
dem-5679	154	18	2007	2007	NUM
dem-5679	154	19	–	–	PUNCT
dem-5679	154	20	january	january	PROPN
dem-5679	154	21	25	25	NUM
dem-5679	154	22	,	,	PUNCT
dem-5679	154	23	2008	2008	NUM
dem-5679	154	24	)	)	PUNCT
dem-5679	154	25	were	be	AUX
dem-5679	154	26	found	find	VERB
dem-5679	154	27	.	.	PUNCT
dem-5679	155	1	table	table	NOUN
dem-5679	155	2	4	4	NUM
dem-5679	155	3	.	.	PUNCT
dem-5679	156	1	the	the	DET
dem-5679	156	2	mean	mean	ADJ
dem-5679	156	3	option	option	NOUN
dem-5679	156	4	pricing	pricing	NOUN
dem-5679	156	5	errors	error	NOUN
dem-5679	156	6			NOUN
dem-5679	157	1	60	60	NUM
dem-5679	157	2	error	error	NOUN
dem-5679	157	3	options	option	NOUN
dem-5679	157	4	rca	rca	NOUN
dem-5679	157	5	-	-	PUNCT
dem-5679	157	6	garch	garch	NOUN
dem-5679	157	7	sign	sign	NOUN
dem-5679	157	8	rcagarch	rcagarch	PROPN
dem-5679	157	9	ar	ar	PROPN
dem-5679	157	10	-	-	PROPN
dem-5679	157	11	garch	garch	NOUN
dem-5679	157	12	ar	ar	NOUN
dem-5679	157	13	-	-	PUNCT
dem-5679	157	14	gjr	gjr	NOUN
dem-5679	157	15	-	-	PUNCT
dem-5679	157	16	garch	garch	NOUN
dem-5679	157	17	252	252	NUM
dem-5679	157	18	observations	observation	NOUN
dem-5679	157	19	rpe	rpe	PROPN
dem-5679	157	20	itm	itm	PROPN
dem-5679	157	21	0.0266	0.0266	NUM
dem-5679	157	22	0.0287	0.0287	NUM
dem-5679	157	23	0.0248	0.0248	NUM
dem-5679	157	24	0.0517	0.0517	NUM
dem-5679	157	25	atm	atm	NOUN
dem-5679	158	1	0.1834	0.1834	NUM
dem-5679	158	2	0.1548	0.1548	NUM
dem-5679	158	3	0.1891	0.1891	NUM
dem-5679	158	4	0.2992	0.2992	NUM
dem-5679	158	5	otm	otm	NOUN
dem-5679	158	6	1.7632	1.7632	NUM
dem-5679	158	7	1.7607	1.7607	NUM
dem-5679	158	8	1.8024	1.8024	NUM
dem-5679	158	9	1.8375	1.8375	NUM
dem-5679	158	10	arpe	arpe	PROPN
dem-5679	158	11	itm	itm	NOUN
dem-5679	158	12	0.0442	0.0442	NUM
dem-5679	158	13	0.0452	0.0452	NUM
dem-5679	158	14	0.0474	0.0474	NUM
dem-5679	158	15	0.0622	0.0622	NUM
dem-5679	158	16	atm	atm	NOUN
dem-5679	158	17	0.2039	0.2039	NUM
dem-5679	158	18	0.2035	0.2035	NUM
dem-5679	158	19	0.2277	0.2277	NUM
dem-5679	158	20	0.3092	0.3092	NUM
dem-5679	158	21	otm	otm	NOUN
dem-5679	158	22	1.7765	1.7765	NUM
dem-5679	158	23	1.9044	1.9044	NUM
dem-5679	158	24	1.8163	1.8163	NUM
dem-5679	158	25	1.8760	1.8760	NUM
dem-5679	158	26	504	504	NUM
dem-5679	158	27	observations	observation	NOUN
dem-5679	158	28	rpe	rpe	PROPN
dem-5679	158	29	itm	itm	PROPN
dem-5679	158	30	0.0250	0.0250	NUM
dem-5679	158	31	0.0211	0.0211	NUM
dem-5679	158	32	0.0479	0.0479	NUM
dem-5679	158	33	0.0520	0.0520	NUM
dem-5679	158	34	atm	atm	NOUN
dem-5679	158	35	0.1704	0.1704	NUM
dem-5679	158	36	0.0942	0.0942	NUM
dem-5679	158	37	0.3498	0.3498	NUM
dem-5679	158	38	0.2910	0.2910	NUM
dem-5679	158	39	otm	otm	NOUN
dem-5679	158	40	2.0401	2.0401	NUM
dem-5679	158	41	1.1652	1.1652	NUM
dem-5679	158	42	4.3350	4.3350	NUM
dem-5679	158	43	3.5110	3.5110	NUM
dem-5679	158	44	arpe	arpe	PROPN
dem-5679	158	45	itm	itm	NOUN
dem-5679	158	46	0.0503	0.0503	NUM
dem-5679	158	47	0.0471	0.0471	NUM
dem-5679	158	48	0.0725	0.0725	NUM
dem-5679	158	49	0.0751	0.0751	NUM
dem-5679	158	50	atm	atm	NOUN
dem-5679	158	51	0.2180	0.2180	NUM
dem-5679	158	52	0.1922	0.1922	NUM
dem-5679	158	53	0.4135	0.4135	NUM
dem-5679	158	54	0.3458	0.3458	NUM
dem-5679	158	55	otm	otm	NOUN
dem-5679	158	56	2.1327	2.1327	NUM
dem-5679	158	57	1.3513	1.3513	NUM
dem-5679	158	58	4.4305	4.4305	NUM
dem-5679	158	59	3.6669	3.6669	NUM
dem-5679	158	60	1008	1008	NUM
dem-5679	158	61	observations	observation	NOUN
dem-5679	158	62	rpe	rpe	PROPN
dem-5679	158	63	itm	itm	PROPN
dem-5679	158	64	0.0413	0.0413	NUM
dem-5679	158	65	0.0434	0.0434	NUM
dem-5679	158	66	0.0413	0.0413	NUM
dem-5679	158	67	0.0542	0.0542	NUM
dem-5679	158	68	atm	atm	NOUN
dem-5679	158	69	0.2634	0.2634	NUM
dem-5679	158	70	0.2738	0.2738	NUM
dem-5679	158	71	0.2636	0.2636	NUM
dem-5679	158	72	0.2903	0.2903	NUM
dem-5679	158	73	otm	otm	NOUN
dem-5679	158	74	2.8569	2.8569	NUM
dem-5679	158	75	2.9869	2.9869	NUM
dem-5679	158	76	2.8585	2.8585	NUM
dem-5679	158	77	1.6641	1.6641	NUM
dem-5679	158	78	arpe	arpe	PROPN
dem-5679	158	79	itm	itm	NOUN
dem-5679	158	80	0.0544	0.0544	NUM
dem-5679	158	81	0.0565	0.0565	NUM
dem-5679	158	82	0.0544	0.0544	NUM
dem-5679	158	83	0.0651	0.0651	NUM
dem-5679	158	84	atm	atm	NOUN
dem-5679	158	85	0.2747	0.2747	NUM
dem-5679	158	86	0.2851	0.2851	NUM
dem-5679	158	87	0.2748	0.2748	NUM
dem-5679	158	88	0.3048	0.3048	NUM
dem-5679	158	89	otm	otm	NOUN
dem-5679	158	90	2.8630	2.8630	NUM
dem-5679	158	91	2.9928	2.9928	NUM
dem-5679	158	92	2.8645	2.8645	NUM
dem-5679	158	93	1.7021	1.7021	NUM
dem-5679	158	94	note	note	NOUN
dem-5679	158	95	:	:	PUNCT
dem-5679	158	96	atm	atm	ADJ
dem-5679	158	97	–	–	PUNCT
dem-5679	158	98	at	at	ADP
dem-5679	158	99	-	-	PUNCT
dem-5679	158	100	the	the	DET
dem-5679	158	101	-	-	PUNCT
dem-5679	158	102	money	money	NOUN
dem-5679	158	103	,	,	PUNCT
dem-5679	158	104	itm	itm	PROPN
dem-5679	158	105	–	–	PUNCT
dem-5679	158	106	in	in	ADP
dem-5679	158	107	-	-	PUNCT
dem-5679	158	108	the	the	DET
dem-5679	158	109	-	-	PUNCT
dem-5679	158	110	money	money	NOUN
dem-5679	158	111	,	,	PUNCT
dem-5679	158	112	otm	otm	NOUN
dem-5679	158	113	–	–	PUNCT
dem-5679	158	114	out	out	ADP
dem-5679	158	115	-	-	PUNCT
dem-5679	158	116	of	of	ADP
dem-5679	158	117	-	-	PUNCT
dem-5679	158	118	the	the	DET
dem-5679	158	119	-	-	PUNCT
dem-5679	158	120	money	money	NOUN
dem-5679	158	121	.	.	PUNCT
dem-5679	159	1	the	the	DET
dem-5679	159	2	bold	bold	ADJ
dem-5679	159	3	number	number	NOUN
dem-5679	159	4	indicate	indicate	VERB
dem-5679	159	5	minimum	minimum	NOUN
dem-5679	159	6	of	of	ADP
dem-5679	159	7	absolute	absolute	ADJ
dem-5679	159	8	error	error	NOUN
dem-5679	159	9	.	.	PUNCT
dem-5679	160	1	comparing	compare	VERB
dem-5679	160	2	the	the	DET
dem-5679	160	3	rpes	rpe	NOUN
dem-5679	160	4	for	for	ADP
dem-5679	160	5	the	the	DET
dem-5679	160	6	four	four	NUM
dem-5679	160	7	different	different	ADJ
dem-5679	160	8	models	model	NOUN
dem-5679	160	9	(	(	PUNCT
dem-5679	160	10	table	table	NOUN
dem-5679	160	11	2–4	2–4	NUM
dem-5679	160	12	)	)	PUNCT
dem-5679	160	13	,	,	PUNCT
dem-5679	160	14	one	one	PRON
dem-5679	160	15	can	can	AUX
dem-5679	160	16	see	see	VERB
dem-5679	160	17	systematic	systematic	ADJ
dem-5679	160	18	overpricing	overpricing	NOUN
dem-5679	160	19	across	across	ADP
dem-5679	160	20	all	all	DET
dem-5679	160	21	models	model	NOUN
dem-5679	160	22	(	(	PUNCT
dem-5679	160	23	except	except	SCONJ
dem-5679	160	24	the	the	DET
dem-5679	160	25	rca	rca	NOUN
dem-5679	160	26	-	-	PUNCT
dem-5679	160	27	garch	garch	NOUN
dem-5679	160	28	model	model	NOUN
dem-5679	160	29	for	for	ADP
dem-5679	160	30	the	the	DET
dem-5679	160	31	itm	itm	NOUN
dem-5679	160	32	and	and	CCONJ
dem-5679	160	33	atm	atm	NOUN
dem-5679	160	34	options	option	NOUN
dem-5679	160	35	for	for	ADP
dem-5679	160	36	180<60	180<60	NUM
dem-5679	160	37			NOUN
dem-5679	160	38	and	and	CCONJ
dem-5679	160	39	the	the	DET
dem-5679	160	40	sample	sample	NOUN
dem-5679	160	41	of	of	ADP
dem-5679	160	42	504	504	NUM
dem-5679	160	43	observations	observation	NOUN
dem-5679	160	44	–	–	PUNCT
dem-5679	160	45	table	table	NOUN
dem-5679	160	46	3	3	NUM
dem-5679	160	47	)	)	PUNCT
dem-5679	160	48	.	.	PUNCT
dem-5679	161	1	in	in	ADP
dem-5679	161	2	other	other	ADJ
dem-5679	161	3	words	word	NOUN
dem-5679	161	4	,	,	PUNCT
dem-5679	161	5	the	the	DET
dem-5679	161	6	volatility	volatility	NOUN
dem-5679	161	7	of	of	ADP
dem-5679	161	8	the	the	DET
dem-5679	161	9	underlying	underlying	ADJ
dem-5679	161	10	asset	asset	NOUN
dem-5679	161	11	price	price	NOUN
dem-5679	161	12	was	be	AUX
dem-5679	161	13	systematically	systematically	ADV
dem-5679	161	14	overestimated	overestimate	VERB
dem-5679	161	15	.	.	PUNCT
dem-5679	162	1	in	in	ADP
dem-5679	162	2	some	some	DET
dem-5679	162	3	cases	case	NOUN
dem-5679	162	4	the	the	DET
dem-5679	162	5	differences	difference	NOUN
dem-5679	162	6	between	between	ADP
dem-5679	162	7	the	the	DET
dem-5679	162	8	mean	mean	ADJ
dem-5679	162	9	option	option	NOUN
dem-5679	162	10	pricing	pricing	NOUN
dem-5679	162	11	errors	error	NOUN
dem-5679	162	12	were	be	AUX
dem-5679	162	13	small	small	ADJ
dem-5679	162	14	(	(	PUNCT
dem-5679	162	15	e.g.	e.g.	ADV
dem-5679	162	16	for	for	ADP
dem-5679	162	17	the	the	DET
dem-5679	162	18	sample	sample	NOUN
dem-5679	162	19	of	of	ADP
dem-5679	162	20	1008	1008	NUM
dem-5679	162	21	observations	observation	NOUN
dem-5679	162	22	in	in	ADP
dem-5679	162	23	table	table	NOUN
dem-5679	162	24	2	2	NUM
dem-5679	162	25	,	,	PUNCT
dem-5679	162	26	for	for	ADP
dem-5679	162	27	the	the	DET
dem-5679	162	28	sample	sample	NOUN
dem-5679	162	29	of	of	ADP
dem-5679	162	30	252	252	NUM
dem-5679	162	31	observations	observation	NOUN
dem-5679	162	32	in	in	ADP
dem-5679	162	33	table	table	NOUN
dem-5679	162	34	4	4	NUM
dem-5679	162	35	)	)	PUNCT
dem-5679	162	36	,	,	PUNCT
dem-5679	162	37	while	while	SCONJ
dem-5679	162	38	in	in	ADP
dem-5679	162	39	other	other	ADJ
dem-5679	162	40	cases	case	NOUN
dem-5679	162	41	these	these	DET
dem-5679	162	42	differences	difference	NOUN
dem-5679	162	43	option	option	NOUN
dem-5679	162	44	pricing	pricing	NOUN
dem-5679	162	45	under	under	ADP
dem-5679	162	46	sign	sign	PROPN
dem-5679	162	47	rca	rca	PROPN
dem-5679	162	48	-	-	PUNCT
dem-5679	162	49	garch	garch	NOUN
dem-5679	162	50	models	model	NOUN
dem-5679	162	51	dynamic	dynamic	ADJ
dem-5679	162	52	econometric	econometric	ADJ
dem-5679	162	53	models	model	NOUN
dem-5679	162	54	14	14	NUM
dem-5679	162	55	(	(	PUNCT
dem-5679	162	56	2014	2014	NUM
dem-5679	162	57	)	)	PUNCT
dem-5679	163	1	145–160	145–160	NUM
dem-5679	163	2	159	159	NUM
dem-5679	163	3	were	be	AUX
dem-5679	163	4	substantial	substantial	ADJ
dem-5679	163	5	(	(	PUNCT
dem-5679	163	6	e.g.	e.g.	ADV
dem-5679	163	7	for	for	ADP
dem-5679	163	8	the	the	DET
dem-5679	163	9	sample	sample	NOUN
dem-5679	163	10	of	of	ADP
dem-5679	163	11	504	504	NUM
dem-5679	163	12	observations	observation	NOUN
dem-5679	163	13	in	in	ADP
dem-5679	163	14	table	table	NOUN
dem-5679	163	15	2	2	NUM
dem-5679	163	16	or	or	CCONJ
dem-5679	163	17	4	4	NUM
dem-5679	163	18	)	)	PUNCT
dem-5679	163	19	.	.	PUNCT
dem-5679	164	1	it	it	PRON
dem-5679	164	2	is	be	AUX
dem-5679	164	3	worth	worth	ADJ
dem-5679	164	4	noting	note	VERB
dem-5679	164	5	,	,	PUNCT
dem-5679	164	6	that	that	PRON
dem-5679	164	7	sign	sign	VERB
dem-5679	164	8	rca	rca	PROPN
dem-5679	164	9	-	-	PUNCT
dem-5679	164	10	garch	garch	NOUN
dem-5679	164	11	models	model	NOUN
dem-5679	164	12	outperform	outperform	VERB
dem-5679	164	13	the	the	DET
dem-5679	164	14	selected	select	VERB
dem-5679	164	15	garch	garch	NOUN
dem-5679	164	16	models	model	NOUN
dem-5679	164	17	,	,	PUNCT
dem-5679	164	18	because	because	SCONJ
dem-5679	164	19	the	the	DET
dem-5679	164	20	absolute	absolute	ADJ
dem-5679	164	21	error	error	NOUN
dem-5679	164	22	were	be	AUX
dem-5679	164	23	substantially	substantially	ADV
dem-5679	164	24	lower	low	ADJ
dem-5679	164	25	(	(	PUNCT
dem-5679	164	26	e.g.	e.g.	ADV
dem-5679	164	27	for	for	ADP
dem-5679	164	28	the	the	DET
dem-5679	164	29	sample	sample	NOUN
dem-5679	164	30	of	of	ADP
dem-5679	164	31	504	504	NUM
dem-5679	164	32	or	or	CCONJ
dem-5679	164	33	1008	1008	NUM
dem-5679	164	34	observations	observation	NOUN
dem-5679	164	35	in	in	ADP
dem-5679	164	36	table	table	NOUN
dem-5679	164	37	2	2	NUM
dem-5679	164	38	,	,	PUNCT
dem-5679	164	39	for	for	ADP
dem-5679	164	40	the	the	DET
dem-5679	164	41	sample	sample	NOUN
dem-5679	164	42	of	of	ADP
dem-5679	164	43	504	504	NUM
dem-5679	164	44	or	or	CCONJ
dem-5679	164	45	1008	1008	NUM
dem-5679	164	46	observations	observation	NOUN
dem-5679	164	47	in	in	ADP
dem-5679	164	48	table	table	NOUN
dem-5679	164	49	4	4	NUM
dem-5679	164	50	)	)	PUNCT
dem-5679	164	51	.	.	PUNCT
dem-5679	165	1	however	however	ADV
dem-5679	165	2	,	,	PUNCT
dem-5679	165	3	the	the	DET
dem-5679	165	4	better	well	ADJ
dem-5679	165	5	performance	performance	NOUN
dem-5679	165	6	of	of	ADP
dem-5679	165	7	sign	sign	VERB
dem-5679	165	8	rca	rca	PROPN
dem-5679	165	9	-	-	PUNCT
dem-5679	165	10	garch	garch	NOUN
dem-5679	165	11	models	model	NOUN
dem-5679	165	12	was	be	AUX
dem-5679	165	13	not	not	PART
dem-5679	165	14	well	well	ADV
dem-5679	165	15	established	establish	VERB
dem-5679	165	16	and	and	CCONJ
dem-5679	165	17	depends	depend	VERB
dem-5679	165	18	on	on	ADP
dem-5679	165	19	the	the	DET
dem-5679	165	20	time	time	NOUN
dem-5679	165	21	to	to	ADP
dem-5679	165	22	maturity	maturity	NOUN
dem-5679	165	23	,	,	PUNCT
dem-5679	165	24	size	size	NOUN
dem-5679	165	25	of	of	ADP
dem-5679	165	26	sample	sample	NOUN
dem-5679	165	27	or	or	CCONJ
dem-5679	165	28	the	the	DET
dem-5679	165	29	period	period	NOUN
dem-5679	165	30	of	of	ADP
dem-5679	165	31	the	the	DET
dem-5679	165	32	data	datum	NOUN
dem-5679	165	33	.	.	PUNCT
dem-5679	166	1	conclusions	conclusion	NOUN
dem-5679	166	2	this	this	DET
dem-5679	166	3	paper	paper	NOUN
dem-5679	166	4	has	have	AUX
dem-5679	166	5	applied	apply	VERB
dem-5679	166	6	sign	sign	NOUN
dem-5679	166	7	rca	rca	PROPN
dem-5679	166	8	-	-	PUNCT
dem-5679	166	9	garch	garch	NOUN
dem-5679	166	10	models	model	NOUN
dem-5679	166	11	to	to	PART
dem-5679	166	12	compute	compute	VERB
dem-5679	166	13	theoretical	theoretical	ADJ
dem-5679	166	14	option	option	NOUN
dem-5679	166	15	prices	price	NOUN
dem-5679	166	16	.	.	PUNCT
dem-5679	167	1	this	this	DET
dem-5679	167	2	approach	approach	NOUN
dem-5679	167	3	was	be	AUX
dem-5679	167	4	illustrated	illustrate	VERB
dem-5679	167	5	by	by	ADP
dem-5679	167	6	the	the	DET
dem-5679	167	7	valuation	valuation	NOUN
dem-5679	167	8	of	of	ADP
dem-5679	167	9	the	the	DET
dem-5679	167	10	european	european	ADJ
dem-5679	167	11	call	call	NOUN
dem-5679	167	12	options	option	NOUN
dem-5679	167	13	on	on	ADP
dem-5679	167	14	the	the	DET
dem-5679	167	15	wig20	wig20	PROPN
dem-5679	167	16	index	index	NOUN
dem-5679	167	17	,	,	PUNCT
dem-5679	167	18	together	together	ADV
dem-5679	167	19	with	with	ADP
dem-5679	167	20	a	a	DET
dem-5679	167	21	comparison	comparison	NOUN
dem-5679	167	22	of	of	ADP
dem-5679	167	23	their	their	PRON
dem-5679	167	24	values	value	NOUN
dem-5679	167	25	obtained	obtain	VERB
dem-5679	167	26	on	on	ADP
dem-5679	167	27	the	the	DET
dem-5679	167	28	selected	select	VERB
dem-5679	167	29	garch	garch	NOUN
dem-5679	167	30	models	model	NOUN
dem-5679	167	31	.	.	PUNCT
dem-5679	168	1	it	it	PRON
dem-5679	168	2	is	be	AUX
dem-5679	168	3	difficult	difficult	ADJ
dem-5679	168	4	to	to	PART
dem-5679	168	5	make	make	VERB
dem-5679	168	6	general	general	ADJ
dem-5679	168	7	remarks	remark	NOUN
dem-5679	168	8	,	,	PUNCT
dem-5679	168	9	nevertheless	nevertheless	ADV
dem-5679	168	10	the	the	DET
dem-5679	168	11	empirical	empirical	ADJ
dem-5679	168	12	results	result	NOUN
dem-5679	168	13	showed	show	VERB
dem-5679	168	14	that	that	SCONJ
dem-5679	168	15	:	:	PUNCT
dem-5679	168	16			VERB
dem-5679	168	17	the	the	DET
dem-5679	168	18	black	black	ADJ
dem-5679	168	19	-	-	PUNCT
dem-5679	168	20	scholes	schole	NOUN
dem-5679	168	21	model	model	NOUN
dem-5679	168	22	can	can	AUX
dem-5679	168	23	not	not	PART
dem-5679	168	24	explain	explain	VERB
dem-5679	168	25	the	the	DET
dem-5679	168	26	prices	price	NOUN
dem-5679	168	27	of	of	ADP
dem-5679	168	28	out	out	ADV
dem-5679	168	29	-	-	PUNCT
dem-5679	168	30	of	of	ADP
dem-5679	168	31	-	-	PUNCT
dem-5679	168	32	the	the	DET
dem-5679	168	33	-	-	PUNCT
dem-5679	168	34	money	money	NOUN
dem-5679	168	35	options	option	NOUN
dem-5679	168	36	,	,	PUNCT
dem-5679	168	37			NOUN
dem-5679	168	38	rca	rca	NOUN
dem-5679	168	39	-	-	PUNCT
dem-5679	168	40	garch	garch	NOUN
dem-5679	168	41	and	and	CCONJ
dem-5679	168	42	sign	sign	VERB
dem-5679	168	43	rca	rca	PROPN
dem-5679	168	44	-	-	PUNCT
dem-5679	168	45	garch	garch	NOUN
dem-5679	168	46	models	model	NOUN
dem-5679	168	47	can	can	AUX
dem-5679	168	48	be	be	AUX
dem-5679	168	49	successfully	successfully	ADV
dem-5679	168	50	applied	apply	VERB
dem-5679	168	51	in	in	ADP
dem-5679	168	52	pricing	pricing	NOUN
dem-5679	168	53	options	option	NOUN
dem-5679	168	54	,	,	PUNCT
dem-5679	168	55			VERB
dem-5679	168	56	none	none	NOUN
dem-5679	168	57	of	of	ADP
dem-5679	168	58	the	the	DET
dem-5679	168	59	models	model	NOUN
dem-5679	168	60	can	can	AUX
dem-5679	168	61	be	be	AUX
dem-5679	168	62	indicate	indicate	VERB
dem-5679	168	63	as	as	ADP
dem-5679	168	64	the	the	DET
dem-5679	168	65	best	good	ADJ
dem-5679	168	66	one	one	NUM
dem-5679	168	67	for	for	ADP
dem-5679	168	68	the	the	DET
dem-5679	168	69	option	option	NOUN
dem-5679	168	70	valuations	valuation	NOUN
dem-5679	168	71	for	for	ADP
dem-5679	168	72	every	every	DET
dem-5679	168	73	period	period	NOUN
dem-5679	168	74	and	and	CCONJ
dem-5679	168	75	every	every	DET
dem-5679	168	76	time	time	NOUN
dem-5679	168	77	to	to	ADP
dem-5679	168	78	maturity	maturity	NOUN
dem-5679	168	79	of	of	ADP
dem-5679	168	80	the	the	DET
dem-5679	168	81	options	option	NOUN
dem-5679	168	82	,	,	PUNCT
dem-5679	168	83			VERB
dem-5679	168	84	the	the	DET
dem-5679	168	85	choice	choice	NOUN
dem-5679	168	86	of	of	ADP
dem-5679	168	87	a	a	DET
dem-5679	168	88	sample	sample	NOUN
dem-5679	168	89	size	size	NOUN
dem-5679	168	90	for	for	ADP
dem-5679	168	91	estimating	estimate	VERB
dem-5679	168	92	the	the	DET
dem-5679	168	93	option	option	NOUN
dem-5679	168	94	pricing	pricing	NOUN
dem-5679	168	95	model	model	NOUN
dem-5679	168	96	has	have	VERB
dem-5679	168	97	a	a	DET
dem-5679	168	98	significant	significant	ADJ
dem-5679	168	99	impact	impact	NOUN
dem-5679	168	100	on	on	ADP
dem-5679	168	101	the	the	DET
dem-5679	168	102	option	option	NOUN
dem-5679	168	103	pricing	pricing	NOUN
dem-5679	168	104	,	,	PUNCT
dem-5679	168	105			VERB
dem-5679	168	106	the	the	DET
dem-5679	168	107	choice	choice	NOUN
dem-5679	168	108	of	of	ADP
dem-5679	168	109	the	the	DET
dem-5679	168	110	volatility	volatility	NOUN
dem-5679	168	111	model	model	NOUN
dem-5679	168	112	is	be	AUX
dem-5679	168	113	important	important	ADJ
dem-5679	168	114	for	for	ADP
dem-5679	168	115	achieving	achieve	VERB
dem-5679	168	116	a	a	DET
dem-5679	168	117	satisfying	satisfying	ADJ
dem-5679	168	118	pricing	pricing	NOUN
dem-5679	168	119	performance	performance	NOUN
dem-5679	168	120	.	.	PUNCT
dem-5679	169	1	references	reference	NOUN
dem-5679	169	2	black	black	PROPN
dem-5679	169	3	,	,	PUNCT
dem-5679	169	4	f.	f.	PROPN
dem-5679	169	5	,	,	PUNCT
dem-5679	169	6	scholes	schole	NOUN
dem-5679	169	7	,	,	PUNCT
dem-5679	169	8	m.	m.	NOUN
dem-5679	169	9	(	(	PUNCT
dem-5679	169	10	1973	1973	NUM
dem-5679	169	11	)	)	PUNCT
dem-5679	169	12	,	,	PUNCT
dem-5679	169	13	the	the	DET
dem-5679	169	14	pricing	pricing	NOUN
dem-5679	169	15	of	of	ADP
dem-5679	169	16	options	option	NOUN
dem-5679	169	17	and	and	CCONJ
dem-5679	169	18	corporate	corporate	ADJ
dem-5679	169	19	liabilities	liability	NOUN
dem-5679	169	20	,	,	PUNCT
dem-5679	169	21	journal	journal	NOUN
dem-5679	169	22	of	of	ADP
dem-5679	169	23	political	political	ADJ
dem-5679	169	24	economy	economy	NOUN
dem-5679	169	25	,	,	PUNCT
dem-5679	169	26	81(3	81(3	NUM
dem-5679	169	27	)	)	PUNCT
dem-5679	169	28	,	,	PUNCT
dem-5679	169	29	637–654	637–654	NUM
dem-5679	169	30	,	,	PUNCT
dem-5679	169	31	doi	doi	NOUN
dem-5679	169	32	:	:	PUNCT
dem-5679	169	33	http://dx.doi.org/10.1086/260062	http://dx.doi.org/10.1086/260062	PROPN
dem-5679	169	34	.	.	PUNCT
dem-5679	170	1	bollerslev	bollerslev	ADJ
dem-5679	170	2	,	,	PUNCT
dem-5679	170	3	t.	t.	PROPN
dem-5679	170	4	(	(	PUNCT
dem-5679	170	5	1986	1986	NUM
dem-5679	170	6	)	)	PUNCT
dem-5679	170	7	,	,	PUNCT
dem-5679	170	8	generalized	generalize	VERB
dem-5679	170	9	autoregressive	autoregressive	ADJ
dem-5679	170	10	conditional	conditional	ADJ
dem-5679	170	11	heteroscedasticity	heteroscedasticity	NOUN
dem-5679	170	12	,	,	PUNCT
dem-5679	170	13	journal	journal	NOUN
dem-5679	170	14	of	of	ADP
dem-5679	170	15	econometrics	econometric	NOUN
dem-5679	170	16	,	,	PUNCT
dem-5679	170	17	31(3	31(3	NUM
dem-5679	170	18	)	)	PUNCT
dem-5679	170	19	,	,	PUNCT
dem-5679	170	20	307–327	307–327	NUM
dem-5679	170	21	,	,	PUNCT
dem-5679	170	22	doi	doi	NOUN
dem-5679	170	23	:	:	PUNCT
dem-5679	170	24	http://dx.doi.org/10.1016/0304-4076(86)90063-1	http://dx.doi.org/10.1016/0304-4076(86)90063-1	PROPN
dem-5679	170	25	.	.	PUNCT
dem-5679	171	1	duan	duan	PROPN
dem-5679	171	2	,	,	PUNCT
dem-5679	171	3	j.-c	j.-c	PROPN
dem-5679	171	4	.	.	PUNCT
dem-5679	172	1	(	(	PUNCT
dem-5679	172	2	1995	1995	NUM
dem-5679	172	3	)	)	PUNCT
dem-5679	172	4	,	,	PUNCT
dem-5679	172	5	the	the	DET
dem-5679	172	6	garch	garch	NOUN
dem-5679	172	7	option	option	NOUN
dem-5679	172	8	pricing	pricing	NOUN
dem-5679	172	9	model	model	NOUN
dem-5679	172	10	,	,	PUNCT
dem-5679	172	11	mathematical	mathematical	ADJ
dem-5679	172	12	finance	finance	NOUN
dem-5679	172	13	,	,	PUNCT
dem-5679	172	14	5(1	5(1	NUM
dem-5679	172	15	)	)	PUNCT
dem-5679	172	16	,	,	PUNCT
dem-5679	172	17	13–32	13–32	NUM
dem-5679	172	18	,	,	PUNCT
dem-5679	172	19	doi	doi	NOUN
dem-5679	172	20	:	:	PUNCT
dem-5679	172	21	http://dx.doi.org/10.1111/j.1467-9965.1995.tb00099.x	http://dx.doi.org/10.1111/j.1467-9965.1995.tb00099.x	PROPN
dem-5679	172	22	.	.	PUNCT
dem-5679	173	1	duan	duan	PROPN
dem-5679	173	2	,	,	PUNCT
dem-5679	173	3	j.-c	j.-c	PROPN
dem-5679	173	4	.	.	PUNCT
dem-5679	173	5	,	,	PUNCT
dem-5679	173	6	simonato	simonato	PROPN
dem-5679	173	7	,	,	PUNCT
dem-5679	173	8	j.-g	j.-g	PROPN
dem-5679	173	9	.	.	PUNCT
dem-5679	174	1	(	(	PUNCT
dem-5679	174	2	1998	1998	NUM
dem-5679	174	3	)	)	PUNCT
dem-5679	174	4	,	,	PUNCT
dem-5679	174	5	empirical	empirical	ADJ
dem-5679	174	6	martingale	martingale	NOUN
dem-5679	174	7	simulation	simulation	NOUN
dem-5679	174	8	for	for	ADP
dem-5679	174	9	asset	asset	NOUN
dem-5679	174	10	prices	price	NOUN
dem-5679	174	11	,	,	PUNCT
dem-5679	174	12	management	management	NOUN
dem-5679	174	13	science	science	NOUN
dem-5679	174	14	,	,	PUNCT
dem-5679	174	15	44(9	44(9	NOUN
dem-5679	174	16	)	)	PUNCT
dem-5679	174	17	,	,	PUNCT
dem-5679	174	18	1218–1233	1218–1233	NUM
dem-5679	174	19	,	,	PUNCT
dem-5679	174	20	doi	doi	NOUN
dem-5679	174	21	:	:	PUNCT
dem-5679	174	22	http://dx.doi.org/10.1287/mnsc.44.9.1218	http://dx.doi.org/10.1287/mnsc.44.9.1218	PROPN
dem-5679	174	23	.	.	PUNCT
dem-5679	175	1	elliott	elliott	PROPN
dem-5679	175	2	,	,	PUNCT
dem-5679	175	3	r.	r.	PROPN
dem-5679	175	4	j.	j.	PROPN
dem-5679	175	5	,	,	PUNCT
dem-5679	175	6	kopp	kopp	PROPN
dem-5679	175	7	,	,	PUNCT
dem-5679	175	8	p.	p.	PROPN
dem-5679	175	9	e.	e.	PROPN
dem-5679	176	1	(	(	PUNCT
dem-5679	176	2	1999	1999	NUM
dem-5679	176	3	)	)	PUNCT
dem-5679	176	4	,	,	PUNCT
dem-5679	176	5	mathematics	mathematic	NOUN
dem-5679	176	6	of	of	ADP
dem-5679	176	7	financial	financial	ADJ
dem-5679	176	8	markets	market	NOUN
dem-5679	176	9	,	,	PUNCT
dem-5679	176	10	springer	springer	NOUN
dem-5679	176	11	,	,	PUNCT
dem-5679	176	12	new	new	PROPN
dem-5679	176	13	york	york	PROPN
dem-5679	176	14	,	,	PUNCT
dem-5679	176	15	doi	doi	PROPN
dem-5679	176	16	:	:	PUNCT
dem-5679	176	17	http://dx.doi.org/10.1007/978-1-4757-7146-6	http://dx.doi.org/10.1007/978-1-4757-7146-6	PROPN
dem-5679	176	18	.	.	PUNCT
dem-5679	177	1	engle	engle	PROPN
dem-5679	177	2	,	,	PUNCT
dem-5679	177	3	r.	r.	PROPN
dem-5679	177	4	f.	f.	PROPN
dem-5679	177	5	(	(	PUNCT
dem-5679	177	6	1982	1982	NUM
dem-5679	177	7	)	)	PUNCT
dem-5679	177	8	,	,	PUNCT
dem-5679	177	9	autoregressive	autoregressive	ADJ
dem-5679	177	10	conditional	conditional	ADJ
dem-5679	177	11	heteroscedasticity	heteroscedasticity	NOUN
dem-5679	177	12	with	with	ADP
dem-5679	177	13	estimates	estimate	NOUN
dem-5679	177	14	of	of	ADP
dem-5679	177	15	the	the	DET
dem-5679	177	16	variance	variance	NOUN
dem-5679	177	17	of	of	ADP
dem-5679	177	18	united	united	PROPN
dem-5679	177	19	kingdom	kingdom	PROPN
dem-5679	177	20	inflation	inflation	NOUN
dem-5679	177	21	,	,	PUNCT
dem-5679	177	22	econometrica	econometrica	PROPN
dem-5679	177	23	,	,	PUNCT
dem-5679	177	24	50	50	NUM
dem-5679	177	25	,	,	PUNCT
dem-5679	177	26	987–1006	987–1006	NUM
dem-5679	177	27	,	,	PUNCT
dem-5679	177	28	doi	doi	NOUN
dem-5679	177	29	:	:	PUNCT
dem-5679	177	30	http://dx.doi.org/10.2307/1912773	http://dx.doi.org/10.2307/1912773	NOUN
dem-5679	177	31	.	.	PUNCT
dem-5679	178	1	joanna	joanna	PROPN
dem-5679	178	2	górka	górka	PROPN
dem-5679	178	3	dynamic	dynamic	PROPN
dem-5679	178	4	econometric	econometric	ADJ
dem-5679	178	5	models	model	NOUN
dem-5679	178	6	14	14	NUM
dem-5679	178	7	(	(	PUNCT
dem-5679	178	8	2014	2014	NUM
dem-5679	178	9	)	)	PUNCT
dem-5679	179	1	145–160	145–160	NUM
dem-5679	179	2	160	160	NUM
dem-5679	179	3	górka	górka	NOUN
dem-5679	179	4	,	,	PUNCT
dem-5679	179	5	j.	j.	PROPN
dem-5679	179	6	,	,	PUNCT
dem-5679	179	7	(	(	PUNCT
dem-5679	179	8	2012	2012	NUM
dem-5679	179	9	)	)	PUNCT
dem-5679	179	10	,	,	PUNCT
dem-5679	179	11	modele	modele	PROPN
dem-5679	179	12	klasy	klasy	PROPN
dem-5679	179	13	sign	sign	VERB
dem-5679	179	14	rca	rca	PROPN
dem-5679	179	15	garch	garch	NOUN
dem-5679	179	16	.	.	PUNCT
dem-5679	180	1	własności	własności	INTJ
dem-5679	181	1	i	i	PRON
dem-5679	181	2	zastosowania	zastosowania	PROPN
dem-5679	181	3	w	w	PROPN
dem-5679	181	4	finansach	finansach	PROPN
dem-5679	181	5	(	(	PUNCT
dem-5679	181	6	sign	sign	VERB
dem-5679	181	7	rca	rca	PROPN
dem-5679	181	8	garch	garch	NOUN
dem-5679	181	9	models	model	NOUN
dem-5679	181	10	.	.	PUNCT
dem-5679	182	1	properties	property	NOUN
dem-5679	182	2	and	and	CCONJ
dem-5679	182	3	application	application	NOUN
dem-5679	182	4	in	in	ADP
dem-5679	182	5	finance	finance	NOUN
dem-5679	182	6	)	)	PUNCT
dem-5679	182	7	,	,	PUNCT
dem-5679	182	8	wydawnictwo	wydawnictwo	PROPN
dem-5679	182	9	umk	umk	NOUN
dem-5679	182	10	,	,	PUNCT
dem-5679	182	11	toruń	toruń	NOUN
dem-5679	182	12	.	.	PUNCT
dem-5679	183	1	hafner	hafner	PROPN
dem-5679	183	2	,	,	PUNCT
dem-5679	183	3	c.	c.	PROPN
dem-5679	183	4	m.	m.	PROPN
dem-5679	183	5	,	,	PUNCT
dem-5679	183	6	herwartz	herwartz	PROPN
dem-5679	183	7	,	,	PUNCT
dem-5679	183	8	h.	h.	PROPN
dem-5679	183	9	(	(	PUNCT
dem-5679	183	10	2001	2001	NUM
dem-5679	183	11	)	)	PUNCT
dem-5679	183	12	,	,	PUNCT
dem-5679	183	13	option	option	NOUN
dem-5679	183	14	pricing	pricing	NOUN
dem-5679	183	15	under	under	ADP
dem-5679	183	16	linear	linear	ADJ
dem-5679	183	17	autoregressive	autoregressive	ADJ
dem-5679	183	18	dynamics	dynamic	NOUN
dem-5679	183	19	,	,	PUNCT
dem-5679	183	20	heteroskedasticity	heteroskedasticity	NOUN
dem-5679	183	21	,	,	PUNCT
dem-5679	183	22	and	and	CCONJ
dem-5679	183	23	conditional	conditional	ADJ
dem-5679	183	24	leptokurtosis	leptokurtosis	NOUN
dem-5679	183	25	,	,	PUNCT
dem-5679	183	26	journal	journal	NOUN
dem-5679	183	27	of	of	ADP
dem-5679	183	28	empirical	empirical	ADJ
dem-5679	183	29	finance	finance	NOUN
dem-5679	183	30	,	,	PUNCT
dem-5679	183	31	8	8	NUM
dem-5679	183	32	,	,	PUNCT
dem-5679	183	33	1–34	1–34	NUM
dem-5679	183	34	,	,	PUNCT
dem-5679	183	35	doi	doi	NOUN
dem-5679	183	36	:	:	PUNCT
dem-5679	183	37	http://dx.doi.org/10.1016/s0927-5398(00)00024-4	http://dx.doi.org/10.1016/s0927-5398(00)00024-4	PROPN
dem-5679	183	38	.	.	PUNCT
dem-5679	183	39	lehar	lehar	PROPN
dem-5679	183	40	,	,	PUNCT
dem-5679	183	41	a.	a.	NOUN
dem-5679	183	42	,	,	PUNCT
dem-5679	183	43	scheicher	scheicher	PROPN
dem-5679	183	44	,	,	PUNCT
dem-5679	183	45	m.	m.	NOUN
dem-5679	183	46	,	,	PUNCT
dem-5679	183	47	schittenkopf	schittenkopf	ADV
dem-5679	183	48	,	,	PUNCT
dem-5679	183	49	c.	c.	PROPN
dem-5679	183	50	(	(	PUNCT
dem-5679	183	51	2002	2002	NUM
dem-5679	183	52	)	)	PUNCT
dem-5679	183	53	,	,	PUNCT
dem-5679	183	54	garch	garch	NOUN
dem-5679	183	55	vs.	vs.	ADP
dem-5679	183	56	stochastic	stochastic	ADJ
dem-5679	183	57	volatility	volatility	NOUN
dem-5679	183	58	:	:	PUNCT
dem-5679	183	59	option	option	NOUN
dem-5679	183	60	pricing	pricing	NOUN
dem-5679	183	61	and	and	CCONJ
dem-5679	183	62	risk	risk	NOUN
dem-5679	183	63	management	management	NOUN
dem-5679	183	64	,	,	PUNCT
dem-5679	183	65	journal	journal	NOUN
dem-5679	183	66	of	of	ADP
dem-5679	183	67	banking	banking	NOUN
dem-5679	183	68	&	&	CCONJ
dem-5679	183	69	finance	finance	PROPN
dem-5679	183	70	,	,	PUNCT
dem-5679	183	71	26	26	NUM
dem-5679	183	72	,	,	PUNCT
dem-5679	183	73	323–345	323–345	NUM
dem-5679	183	74	,	,	PUNCT
dem-5679	183	75	doi	doi	PROPN
dem-5679	183	76	:	:	PUNCT
dem-5679	183	77	http://dx.doi.org/10.1016/s0378-4266(01)00225-4	http://dx.doi.org/10.1016/s0378-4266(01)00225-4	PROPN
dem-5679	183	78	.	.	PUNCT
dem-5679	184	1	piontek	piontek	PROPN
dem-5679	184	2	,	,	PUNCT
dem-5679	184	3	k.	k.	PROPN
dem-5679	184	4	(	(	PUNCT
dem-5679	184	5	2002	2002	NUM
dem-5679	184	6	)	)	PUNCT
dem-5679	184	7	,	,	PUNCT
dem-5679	184	8	modelowanie	modelowanie	NOUN
dem-5679	184	9	i	i	PRON
dem-5679	184	10	prognozowanie	prognozowanie	PROPN
dem-5679	184	11	zmienności	zmienności	PROPN
dem-5679	184	12	instrumentow	instrumentow	PROPN
dem-5679	184	13	finasowych	finasowych	NOUN
dem-5679	184	14	,	,	PUNCT
dem-5679	184	15	praca	praca	NOUN
dem-5679	184	16	doktorska	doktorska	PROPN
dem-5679	184	17	pod	pod	PROPN
dem-5679	184	18	kier	kier	PROPN
dem-5679	184	19	.	.	PUNCT
dem-5679	185	1	k.	k.	PROPN
dem-5679	185	2	jajugi	jajugi	PROPN
dem-5679	185	3	,	,	PUNCT
dem-5679	185	4	ae	ae	PROPN
dem-5679	185	5	we	we	PRON
dem-5679	185	6	wrocławiu	wrocławiu	VERB
dem-5679	185	7	,	,	PUNCT
dem-5679	185	8	maszynopis	maszynopis	PROPN
dem-5679	185	9	.	.	PUNCT
dem-5679	186	1	piontek	piontek	PROPN
dem-5679	186	2	,	,	PUNCT
dem-5679	186	3	k.	k.	PROPN
dem-5679	186	4	(	(	PUNCT
dem-5679	186	5	2004	2004	NUM
dem-5679	186	6	)	)	PUNCT
dem-5679	186	7	,	,	PUNCT
dem-5679	186	8	wspołczynniki	wspołczynniki	PROPN
dem-5679	186	9	greckie	greckie	PROPN
dem-5679	186	10	w	w	PROPN
dem-5679	186	11	modelu	modelu	PROPN
dem-5679	186	12	wyceny	wyceny	PROPN
dem-5679	186	13	opcji	opcji	PROPN
dem-5679	186	14	uwzględniającym	uwzględniającym	PROPN
dem-5679	186	15	efekt	efekt	PROPN
dem-5679	186	16	ar	ar	PROPN
dem-5679	186	17	-	-	NOUN
dem-5679	186	18	garch	garch	NOUN
dem-5679	186	19	,	,	PUNCT
dem-5679	186	20	in	in	ADP
dem-5679	186	21	tarczyński	tarczyński	NOUN
dem-5679	186	22	,	,	PUNCT
dem-5679	186	23	w.	w.	PROPN
dem-5679	186	24	(	(	PUNCT
dem-5679	186	25	ed	ed	NOUN
dem-5679	186	26	.	.	PUNCT
dem-5679	186	27	)	)	PUNCT
dem-5679	186	28	,	,	PUNCT
dem-5679	186	29	rynek	rynek	VERB
dem-5679	186	30	kapitałowy	kapitałowy	PROPN
dem-5679	186	31	–	–	PUNCT
dem-5679	186	32	skuteczne	skuteczne	PROPN
dem-5679	186	33	inwestowanie	inwestowanie	PROPN
dem-5679	186	34	,	,	PUNCT
dem-5679	186	35	cześć	cześć	PROPN
dem-5679	186	36	ii	ii	PROPN
dem-5679	186	37	,	,	PUNCT
dem-5679	186	38	zeszyty	zeszyty	VERB
dem-5679	186	39	naukowe	naukowe	NOUN
dem-5679	186	40	uniwersytetu	uniwersytetu	NOUN
dem-5679	186	41	szczecińskiego	szczecińskiego	PROPN
dem-5679	186	42	nr	nr	PROPN
dem-5679	186	43	389	389	NUM
dem-5679	186	44	,	,	PUNCT
dem-5679	186	45	wydaw	wydaw	NOUN
dem-5679	186	46	.	.	PUNCT
dem-5679	187	1	nauk	nauk	PROPN
dem-5679	187	2	.	.	PROPN
dem-5679	187	3	uniwersytetu	uniwersytetu	PROPN
dem-5679	187	4	szczecińskiego	szczecińskiego	PROPN
dem-5679	187	5	,	,	PUNCT
dem-5679	187	6	szczecin	szczecin	PROPN
dem-5679	187	7	,	,	PUNCT
dem-5679	187	8	35–50	35–50	NUM
dem-5679	187	9	.	.	PUNCT
dem-5679	188	1	thavaneswaran	thavaneswaran	PROPN
dem-5679	188	2	,	,	PUNCT
dem-5679	188	3	a.	a.	NOUN
dem-5679	188	4	,	,	PUNCT
dem-5679	188	5	appadoo	appadoo	PROPN
dem-5679	188	6	,	,	PUNCT
dem-5679	188	7	s.	s.	PROPN
dem-5679	188	8	s.	s.	PROPN
dem-5679	188	9	,	,	PUNCT
dem-5679	188	10	bector	bector	NOUN
dem-5679	188	11	,	,	PUNCT
dem-5679	188	12	c.	c.	PROPN
dem-5679	188	13	r.	r.	PROPN
dem-5679	188	14	(	(	PUNCT
dem-5679	188	15	2006a	2006a	NUM
dem-5679	188	16	)	)	PUNCT
dem-5679	188	17	,	,	PUNCT
dem-5679	188	18	recent	recent	ADJ
dem-5679	188	19	developments	development	NOUN
dem-5679	188	20	in	in	ADP
dem-5679	188	21	volatility	volatility	NOUN
dem-5679	188	22	modeling	modeling	NOUN
dem-5679	188	23	and	and	CCONJ
dem-5679	188	24	application	application	NOUN
dem-5679	188	25	,	,	PUNCT
dem-5679	188	26	journal	journal	NOUN
dem-5679	188	27	of	of	ADP
dem-5679	188	28	applied	apply	VERB
dem-5679	188	29	mathematics	mathematic	NOUN
dem-5679	188	30	and	and	CCONJ
dem-5679	188	31	decision	decision	NOUN
dem-5679	188	32	sciences	science	NOUN
dem-5679	188	33	,	,	PUNCT
dem-5679	188	34	1–23	1–23	PROPN
dem-5679	188	35	,	,	PUNCT
dem-5679	188	36	doi	doi	PROPN
dem-5679	188	37	:	:	PUNCT
dem-5679	188	38	http://dx.doi.org/10.1155/jamds/2006/86320	http://dx.doi.org/10.1155/jamds/2006/86320	PROPN
dem-5679	188	39	.	.	PROPN
dem-5679	188	40	thavaneswaran	thavaneswaran	PROPN
dem-5679	188	41	,	,	PUNCT
dem-5679	188	42	a.	a.	NOUN
dem-5679	188	43	,	,	PUNCT
dem-5679	188	44	appadoo	appadoo	PROPN
dem-5679	188	45	,	,	PUNCT
dem-5679	188	46	s.	s.	PROPN
dem-5679	188	47	s.	s.	PROPN
dem-5679	188	48	,	,	PUNCT
dem-5679	188	49	ghahramani	ghahramani	PROPN
dem-5679	188	50	,	,	PUNCT
dem-5679	188	51	m.	m.	NOUN
dem-5679	188	52	(	(	PUNCT
dem-5679	188	53	2009	2009	NUM
dem-5679	188	54	)	)	PUNCT
dem-5679	188	55	,	,	PUNCT
dem-5679	188	56	rca	rca	PROPN
dem-5679	188	57	models	model	NOUN
dem-5679	188	58	with	with	ADP
dem-5679	188	59	garch	garch	NOUN
dem-5679	188	60	innovations	innovation	NOUN
dem-5679	188	61	,	,	PUNCT
dem-5679	188	62	applied	apply	VERB
dem-5679	188	63	mathematics	mathematics	NOUN
dem-5679	188	64	letters	letter	NOUN
dem-5679	188	65	,	,	PUNCT
dem-5679	188	66	22	22	NUM
dem-5679	188	67	,	,	PUNCT
dem-5679	188	68	110–114	110–114	NUM
dem-5679	188	69	,	,	PUNCT
dem-5679	188	70	doi	doi	NOUN
dem-5679	188	71	:	:	PUNCT
dem-5679	188	72	http://dx.doi.org/10.1016/j.aml.2008.02.015	http://dx.doi.org/10.1016/j.aml.2008.02.015	PROPN
dem-5679	188	73	.	.	PUNCT
dem-5679	189	1	thavaneswaran	thavaneswaran	PROPN
dem-5679	189	2	,	,	PUNCT
dem-5679	189	3	a.	a.	NOUN
dem-5679	189	4	,	,	PUNCT
dem-5679	189	5	peiris	peiris	PROPN
dem-5679	189	6	,	,	PUNCT
dem-5679	189	7	s.	s.	PROPN
dem-5679	189	8	,	,	PUNCT
dem-5679	189	9	appadoo	appadoo	PROPN
dem-5679	189	10	,	,	PUNCT
dem-5679	189	11	s.	s.	PROPN
dem-5679	189	12	s.	s.	PROPN
dem-5679	189	13	(	(	PUNCT
dem-5679	189	14	2008	2008	NUM
dem-5679	189	15	)	)	PUNCT
dem-5679	189	16	,	,	PUNCT
dem-5679	189	17	random	random	ADJ
dem-5679	189	18	coefficien	coefficien	NOUN
dem-5679	189	19	volatility	volatility	NOUN
dem-5679	189	20	models	model	NOUN
dem-5679	189	21	,	,	PUNCT
dem-5679	189	22	statistics	statistic	NOUN
dem-5679	189	23	&	&	CCONJ
dem-5679	189	24	probability	probability	NOUN
dem-5679	189	25	letters	letter	NOUN
dem-5679	189	26	,	,	PUNCT
dem-5679	189	27	78	78	NUM
dem-5679	189	28	,	,	PUNCT
dem-5679	189	29	582–593	582–593	NUM
dem-5679	189	30	.	.	PUNCT
dem-5679	190	1	thavaneswaran	thavaneswaran	PROPN
dem-5679	190	2	,	,	PUNCT
dem-5679	190	3	a.	a.	NOUN
dem-5679	190	4	,	,	PUNCT
dem-5679	190	5	singh	singh	PROPN
dem-5679	190	6	j.	j.	PROPN
dem-5679	190	7	,	,	PUNCT
dem-5679	190	8	appadoo	appadoo	PROPN
dem-5679	190	9	s.	s.	PROPN
dem-5679	190	10	s.	s.	PROPN
dem-5679	190	11	(	(	PUNCT
dem-5679	190	12	2006b	2006b	NUM
dem-5679	190	13	)	)	PUNCT
dem-5679	190	14	,	,	PUNCT
dem-5679	190	15	option	option	NOUN
dem-5679	190	16	pricing	pricing	NOUN
dem-5679	190	17	for	for	ADP
dem-5679	190	18	some	some	DET
dem-5679	190	19	stochastic	stochastic	ADJ
dem-5679	190	20	volatility	volatility	NOUN
dem-5679	190	21	models	model	NOUN
dem-5679	190	22	,	,	PUNCT
dem-5679	190	23	the	the	DET
dem-5679	190	24	journal	journal	NOUN
dem-5679	190	25	of	of	ADP
dem-5679	190	26	risk	risk	NOUN
dem-5679	190	27	finance	finance	NOUN
dem-5679	190	28	,	,	PUNCT
dem-5679	190	29	7(4	7(4	NUM
dem-5679	190	30	)	)	PUNCT
dem-5679	190	31	,	,	PUNCT
dem-5679	190	32	425–445	425–445	NUM
dem-5679	190	33	,	,	PUNCT
dem-5679	190	34	doi	doi	NOUN
dem-5679	190	35	:	:	PUNCT
dem-5679	190	36	http://dx.doi.org/10.1108/15265940610688982	http://dx.doi.org/10.1108/15265940610688982	PROPN
dem-5679	190	37	.	.	PUNCT
dem-5679	191	1	modele	modele	PROPN
dem-5679	191	2	sign	sign	PROPN
dem-5679	191	3	rca	rca	PROPN
dem-5679	191	4	-	-	PUNCT
dem-5679	191	5	garch	garch	NOUN
dem-5679	191	6	w	w	PROPN
dem-5679	191	7	wycenie	wycenie	PROPN
dem-5679	191	8	opcji	opcji	PROPN
dem-5679	191	9	z	z	PROPN
dem-5679	191	10	a	a	DET
dem-5679	191	11	r	r	NOUN
dem-5679	191	12	y	y	PROPN
dem-5679	191	13	s	s	PROPN
dem-5679	191	14	t	t	NOUN
dem-5679	191	15	r	r	NOUN
dem-5679	191	16	e	e	PROPN
dem-5679	191	17	ś	ś	PROPN
dem-5679	191	18	c	c	PROPN
dem-5679	191	19	i.	i.	PROPN
dem-5679	191	20	po	po	PROPN
dem-5679	191	21	ukazaniu	ukazaniu	PROPN
dem-5679	192	1	się	się	PROPN
dem-5679	192	2	przełomowej	przełomowej	PROPN
dem-5679	192	3	pracy	pracy	NOUN
dem-5679	192	4	blacka	blacka	NOUN
dem-5679	193	1	i	i	PRON
dem-5679	193	2	scholesa	scholesa	VERB
dem-5679	193	3	literatura	literatura	PROPN
dem-5679	193	4	dotycząca	dotycząca	PROPN
dem-5679	193	5	wyceny	wyceny	PROPN
dem-5679	193	6	opcji	opcji	NOUN
dem-5679	193	7	stała	stała	VERB
dem-5679	193	8	się	się	PROPN
dem-5679	193	9	bardzo	bardzo	X
dem-5679	193	10	ważnym	ważnym	PROPN
dem-5679	193	11	obszarem	obszarem	PROPN
dem-5679	193	12	w	w	PROPN
dem-5679	193	13	badaniach	badaniach	NOUN
dem-5679	193	14	.	.	PUNCT
dem-5679	194	1	zostały	zostały	PROPN
dem-5679	194	2	opracowane	opracowane	ADV
dem-5679	194	3	liczne	liczne	VERB
dem-5679	194	4	metody	metody	ADJ
dem-5679	194	5	wyceny	wyceny	NOUN
dem-5679	194	6	opcji	opcji	NOUN
dem-5679	194	7	.	.	PUNCT
dem-5679	195	1	w	w	NOUN
dem-5679	195	2	artykule	artykule	PROPN
dem-5679	195	3	tym	tym	INTJ
dem-5679	195	4	pokazano	pokazano	PROPN
dem-5679	195	5	,	,	PUNCT
dem-5679	195	6	jak	jak	PROPN
dem-5679	195	7	można	można	PROPN
dem-5679	195	8	obliczyć	obliczyć	PROPN
dem-5679	195	9	ceny	ceny	PROPN
dem-5679	195	10	opcji	opcji	PROPN
dem-5679	195	11	wykorzystując	wykorzystując	PROPN
dem-5679	195	12	model	model	PROPN
dem-5679	195	13	sign	sign	PROPN
dem-5679	195	14	rca	rca	PROPN
dem-5679	195	15	-	-	PUNCT
dem-5679	195	16	garch	garch	NOUN
dem-5679	195	17	do	do	VERB
dem-5679	195	18	opisu	opisu	PROPN
dem-5679	195	19	dynamiki	dynamiki	PROPN
dem-5679	195	20	zmienności	zmienności	PROPN
dem-5679	195	21	.	.	PUNCT
dem-5679	196	1	wyceny	wyceny	PROPN
dem-5679	196	2	opcji	opcji	PROPN
dem-5679	196	3	uzyskane	uzyskane	PROPN
dem-5679	196	4	przedstawioną	przedstawioną	NOUN
dem-5679	196	5	metodą	metodą	PROPN
dem-5679	196	6	oraz	oraz	PROPN
dem-5679	196	7	wyceny	wyceny	PROPN
dem-5679	196	8	opcji	opcji	PROPN
dem-5679	196	9	uzyskanych	uzyskanych	PROPN
dem-5679	196	10	z	z	PROPN
dem-5679	196	11	wykorzystaniem	wykorzystaniem	PROPN
dem-5679	196	12	modelu	modelu	PROPN
dem-5679	196	13	blacka	blacka	PROPN
dem-5679	196	14	-	-	PUNCT
dem-5679	196	15	scholesa	scholesa	NOUN
dem-5679	196	16	i	i	PRON
dem-5679	196	17	wybranych	wybranych	VERB
dem-5679	196	18	modeli	modeli	PROPN
dem-5679	196	19	garch	garch	NOUN
dem-5679	196	20	zostały	zostały	PROPN
dem-5679	196	21	porównane	porównane	PROPN
dem-5679	196	22	z	z	PROPN
dem-5679	196	23	ceną	ceną	PROPN
dem-5679	196	24	rynkową	rynkową	NOUN
dem-5679	196	25	.	.	PUNCT
dem-5679	197	1	podejście	podejście	PROPN
dem-5679	197	2	to	to	PART
dem-5679	197	3	zostało	zostało	VERB
dem-5679	197	4	zilustrowane	zilustrowane	NOUN
dem-5679	197	5	wyceną	wyceną	VERB
dem-5679	197	6	europejskich	europejskich	DET
dem-5679	197	7	opcji	opcji	PROPN
dem-5679	197	8	kupna	kupna	VERB
dem-5679	197	9	na	na	PROPN
dem-5679	197	10	indeks	indeks	PROPN
dem-5679	197	11	wig20	wig20	PROPN
dem-5679	197	12	.	.	PUNCT
dem-5679	198	1	empiryczne	empiryczne	PROPN
dem-5679	198	2	wyniki	wyniki	PROPN
dem-5679	198	3	wskazują	wskazują	PROPN
dem-5679	198	4	,	,	PUNCT
dem-5679	198	5	że	że	PROPN
dem-5679	198	6	modele	modele	PROPN
dem-5679	198	7	rca	rca	PROPN
dem-5679	198	8	garch	garch	PROPN
dem-5679	199	1	i	i	PRON
dem-5679	199	2	sign	sign	VERB
dem-5679	199	3	rca	rca	PROPN
dem-5679	199	4	garch	garch	PROPN
dem-5679	199	5	mogą	mogą	PROPN
dem-5679	199	6	być	być	PROPN
dem-5679	199	7	z	z	PROPN
dem-5679	199	8	powodzeniem	powodzeniem	PROPN
dem-5679	199	9	stosowane	stosowane	PROPN
dem-5679	199	10	do	do	AUX
dem-5679	199	11	wyceny	wyceny	NOUN
dem-5679	199	12	opcji	opcji	NOUN
dem-5679	199	13	.	.	PUNCT
dem-5679	200	1	jednak	jednak	PROPN
dem-5679	200	2	żadnego	żadnego	PROPN
dem-5679	200	3	z	z	PROPN
dem-5679	200	4	przedstawionych	przedstawionych	PROPN
dem-5679	200	5	modeli	modeli	PROPN
dem-5679	200	6	nie	nie	PROPN
dem-5679	200	7	można	można	PROPN
dem-5679	200	8	wskazać	wskazać	PROPN
dem-5679	200	9	jako	jako	PROPN
dem-5679	200	10	najlepszego	najlepszego	PROPN
dem-5679	200	11	do	do	AUX
dem-5679	200	12	wyceny	wyceny	NOUN
dem-5679	200	13	opcji	opcji	PROPN
dem-5679	200	14	dla	dla	PROPN
dem-5679	200	15	dowolnej	dowolnej	PROPN
dem-5679	200	16	wielkości	wielkości	PROPN
dem-5679	200	17	próby	próby	VERB
dem-5679	200	18	czy	czy	PROPN
dem-5679	200	19	dowolnego	dowolnego	PROPN
dem-5679	200	20	czasu	czasu	PROPN
dem-5679	200	21	pozostającego	pozostającego	PROPN
dem-5679	200	22	do	do	VERB
dem-5679	200	23	wygaśnięcia	wygaśnięcia	PROPN
dem-5679	200	24	opcji	opcji	NOUN
dem-5679	200	25	.	.	PUNCT
dem-5679	201	1	s	s	PART
dem-5679	201	2	ł	ł	PROPN
dem-5679	201	3	o	o	X
dem-5679	201	4	w	w	NOUN
dem-5679	201	5	a	a	DET
dem-5679	201	6	k	k	X
dem-5679	201	7	l	l	NOUN
dem-5679	201	8	u	u	NOUN
dem-5679	202	1	c	c	NOUN
dem-5679	202	2	z	z	NOUN
dem-5679	202	3	o	o	X
dem-5679	202	4	w	w	PROPN
dem-5679	203	1	e	e	NOUN
dem-5679	203	2	:	:	PUNCT
dem-5679	203	3	model	model	NOUN
dem-5679	203	4	sign	sign	PROPN
dem-5679	203	5	rca	rca	PROPN
dem-5679	203	6	-	-	PUNCT
dem-5679	203	7	garch	garch	NOUN
dem-5679	203	8	,	,	PUNCT
dem-5679	203	9	wycena	wycena	NOUN
dem-5679	203	10	opcji	opcji	NOUN
dem-5679	203	11	,	,	PUNCT
dem-5679	203	12	modele	modele	PROPN
dem-5679	203	13	garch	garch	NOUN
dem-5679	203	14	.	.	PUNCT