Modelling multivariate financial time series using copulas

投资的市场价值损失超过预期水平的可能性有多大？ 如果一个国家的金融市场崩溃，那么它会导致其他国家金融危机的可能性有多大？ 这些问题经常出现在风险管理和国际金融中。 该项目在现有文献的基础上向前迈出了重要的一步，开发了新的灵活和创新的方法来回答上述类型的问题。 此外，该项目还提出了适合向更广泛的公众和专家传达的市场风险的新措施。

What are the chances that the losses in the market value of investments exceed the anticipated levels? Given that one country's financial market collapsed, what are the chances that it would lead to financial crises in other countries? These questions often arise in risk management and international finance. This project takes a significant step forward from the existing literature to develop new flexible and innovative methods to answer the foregoing type of questions. Further, this project proposes new measures of market risks that are suitable for communicating to the broader public as well as the experts.