Although commodities do occasionally crash, in general commodity prices are positively kurtotic (fat-tailed) and positively skewed. This is in contradistinction to equity prices, which are positively ...

This is a preview. Log in through your library . Abstract There is evidence of regularities in the skewness of asset returns reported in the literature. The literature, however, offers no adequate ...

This paper concerns high-order inference for scalar parameters that are estimated by functions of multivariate M-estimators. Asymptotic formulae for the bias and skewness of the studentised statistic ...