Asymmetric Correlation Sample Clauses

Asymmetric Correlation. ‌ In the finance literature, Xxx and Xxxx (2002) and Xxxx, Tu, and Xxxx (2007) provide tests of asymmetry in bivariate return series, but they test only asymmetric correlation instead of general asymmetric dependence. To see why, let us consider two standardized strictly stationary return series denoted by
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