The Variance Gamma Model is an example of pure-jump model, where small jumpsoccur frequently, and large jumps occur only occasionally. Discuss the essential ideas of the model highlighting why it might be particularly appealing.
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Sample Solution
President General Zia-ul-Haq visited Turkey in 1983. Both governments (Pakistan & Turkey) decided that the joint commission which meets once a year should endeavor to support the economic ties between the two countries and continue to diversifying and expanding cooperation between Pakistan and Turkey. Both countries leaders after the discussions made joint communiqu?? and stressed the âimportant of the need to improve communication for further strengthening economic ties and noted the development in the field of air transport between the two countries allowing the exercise of the fifth freedom and increasing the airline construction between the major cities as well as the establishment of a regular maritime cargo service between their seaports. Both countries stated and remarked that meetings remained fulfillment with the recent international subscribers dialing linkage and the reduction of post and telegraph fees (Hasan, 2002). Formation of ECO ECO was a descendant organization of Regional Cooperation for Development (RCD) that was established in 1964 between Turkey, Iran and Pakistan. The main target of this organization was to extend the economic development in the region by promoting intra-regional trade ties. But unfortunately no practical economic enhancement took place in the region; neither intra-regional trade nor harmonization of economic policies was exercised between the member states in this rehabilitating process of this organization. In late seventies important political replacements took place in Iranian and Pakistani governments. The old established monarchic rule of Shah of Iran was toppled through Islamic revolution and in Pakistan martial law was imposed. Due to the changing priorities and policies of the newly established governments in 1979; in both of these countries RCD did not played its vital role and beca>
President General Zia-ul-Haq visited Turkey in 1983. Both governments (Pakistan & Turkey) decided that the joint commission which meets once a year should endeavor to support the economic ties between the two countries and continue to diversifying and expanding cooperation between Pakistan and Turkey. Both countries leaders after the discussions made joint communiqu?? and stressed the âimportant of the need to improve communication for further strengthening economic ties and noted the development in the field of air transport between the two countries allowing the exercise of the fifth freedom and increasing the airline construction between the major cities as well as the establishment of a regular maritime cargo service between their seaports. Both countries stated and remarked that meetings remained fulfillment with the recent international subscribers dialing linkage and the reduction of post and telegraph fees (Hasan, 2002). Formation of ECO ECO was a descendant organization of Regional Cooperation for Development (RCD) that was established in 1964 between Turkey, Iran and Pakistan. The main target of this organization was to extend the economic development in the region by promoting intra-regional trade ties. But unfortunately no practical economic enhancement took place in the region; neither intra-regional trade nor harmonization of economic policies was exercised between the member states in this rehabilitating process of this organization. In late seventies important political replacements took place in Iranian and Pakistani governments. The old established monarchic rule of Shah of Iran was toppled through Islamic revolution and in Pakistan martial law was imposed. Due to the changing priorities and policies of the newly established governments in 1979; in both of these countries RCD did not played its vital role and beca>