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• W1578071744 abstract "In the paper we research statistical properties of the Central European stock markets. We focus mainly on the tail behavior of the Czech, Polish, and Hungarian stock markets and compare them to the benchmark U.S. and German stock markets. We fit the data of the 4-year period from March 2005 to March 2009 with the stable probability distribution model and dis- cuss its tail behavior. As the estimation of the tail exponent is very sensitive to the size of the data set, the estimates can be misleading for short daily samples. Thus, we employ high-frequency 1-minute data, which proves to be a good choice as it reveals interesting findings about the dis- tributional properties. Furthermore, we study the difference in stock market behavior before and during the financial crisis." @default.
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• W1578071744 date "2010-11-01" @default.
• W1578071744 modified "2023-09-26" @default.
• W1578071744 title "Tail Behavior of the Central European Stock Markets during the Financial Crisis" @default.
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