Testing for Structural Breaks in Correlations: Does it Improve Value-at-Risk Forecasting?

Author:

Berens Tobias,Weiss Gregor N. F.,Wied Dominik

Publisher

Elsevier BV

Reference18 articles.

1. Developing a Stress Testing Framework Based on Market Risk Models;C E Alexander;Journal of Banking & Finance,2008

2. International Asset Allocation with Time-Varying Correlations;A G Ang;Review of Financial Studies,2002

3. Break Detection in the Covariance Structure of Multivariate Time Series Models;A Aue;The Annals of Statistics,2009

4. Supervisory Framework for the Use of Backtesting in Conjunction with the Internal Model-Based Approach to Market Risk Capital Requirements;Basel;BIS,1996

5. Automated Portfolio Optimization Based on a New Test for Structural Breaks;T Berens;Acta Universitatis Danubius: OEconomica,2014

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