Abstract
The assumption that consecutive price changes are independent and identically distributed (IID) has particular implications when working with financial asset returns. For investors, knowledge of the distribution is vital to measure the underlying risk of loss associated with a particular asset or trading strategy. This Chapter considers the distributional and time-series characteristics of 10 emerging markets from the Asian-Pacific region.
| Original language | English |
|---|---|
| Title of host publication | Emerging Markets: Performance, Analysis and Innovation |
| Editors | Greg N. Gregoriou |
| Place of Publication | U.S. |
| Publisher | CRC Press |
| Pages | 39-56 |
| Number of pages | 18 |
| ISBN (Print) | 9781439804483 |
| Publication status | Published - 2009 |