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Single-Index-Based CoVaR With Very High-Dimensional Covariates

Single-Index-Based CoVaR With Very High-Dimensional Covariates

Systemic risk analysis reveals the interdependencies of risk factors especially in tail event situations. In applications the focus of interest is on capturing joint tail behavior rather than a variation around the mean. Quantile and expectile regression are used here as tools of data analysis. When it comes to characterizing …