GARCH and Irregularly Spaced Data

N. Meddahi, E. Renault, B.J.M. Werker

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Abstract

An exact discretization of continuous time stochastic volatility processes observed at irregularly spaced times is used to give insights on how a coherent GARCH model can be specified for such data. The relation of our approach with those in the existing literature is studied.
Original languageEnglish
Place of PublicationTilburg
PublisherFinance
Number of pages6
Volume2003-27
Publication statusPublished - 2003

Publication series

NameCentER Discussion Paper
Volume2003-27

Keywords

  • volatility
  • continuous time model
  • garch models
  • time models
  • exact discretization

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