a r t i c l e i n f o JEL classification: C53 G17 Keywords: GARCH Higher conditional moments Approximate predictive distributions Value-at-Risk S&P 500 Treasury bill rate Euro–US dollar exchange rate It is widely accepted that some of the most accurate Value-at-Risk (VaR) estimates are based on an appropriately specified GARCH process. But when the forecast horizon is greater than the frequency...

The O-Ring theory is used to analyze the emergence of ̄rms organized as partnerships. The owner-managers of such entrepreneurial ̄rms bene ̄t from ability matching within their production teams. However, they must bear the project risk. Risk-aversion then induces a second-best solution. Integrated ̄rms managed on behalf of riskneutral residual-claimants face information and/or enforcement problem...

Feedback from AGN is thought to be key in shaping the life cycle of their host galaxies by regulating star-formation activity. Therefore, understand impact on star formation, it essential trace molecular gas out which stars form. In this paper we present first systematic study CO properties hosts at z~2 for a sample 27 X-ray selected spanning two orders magnitude bolometric luminosity (Lbol= 10...

Bu çalışmada, sol-jel spin kaplama yöntemi kullanılarak mikroskop cam altlıklar üzerine TiO2, TiO2/CoPc ve CoPc filmleri hazırlanmış katkı konsantrasyonunun filmlerin optik yapısal özellikleri etkisi araştırılmıştır. İnce geçirgenliğini ölçmek için 300-1100 nm dalgaboyu aralığında bir spektrofotometre kullanılmıştır. Uv-Vis çalışmaları, B Q bandı absorpsiyon bölgelerine karşılık gelen aralıklar...

Economists have speculated for at least a century that the social return to education may exceed the private return. In this paper, I estimate spillovers from college education by comparing wages for otherwise similar individuals who work in cities with di*erent shares of college graduates in the labor force. A key issue in this comparison is the presence of unobservable characteristics of indi...

Context. The contrast of granulation is an important quantity characterizing solar surface convection. Aims. We compare the intensity contrast at 630 nm, observed using the Spectro-Polarimeter (SP) aboard the Hinode satellite, with the 3D radiative MHD simulations of Vögler & Schüssler (2007). Methods. A synthetic image from the simulation is degraded using a theoretical point-spread function o...

Context. Among optical stellar interferometers, the CHARA Array located at Mt Wilson in California offers the potential of very long baselines (up to 330 m) and the prospect of coupling multiple beam combiners. This paper presents the principle and the measured performance of VEGA, Visible spEctroGraph and polArimeter installed in September 2007 at the coherent focus of the array. Aims. With 0....

Doublié, S., Sawaya, M.R., and Ellenberger, T. (1999). Struct. Fold. son and Beese, 2004). The same mispair, on the other Des. 7, R31–R35. hand, is poorly extended by Dpo4: it was shown to form Echols, H., and Goodman, M.F. (1991). Annu. Rev. Biochem. 60, a reverse wobble, which misaligns the 3 -end of the 477–511. primer and therefore precludes nucleophilic attack (TrinHatahet, Z., Zhou, M., R...