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A Versatile Copula and Its Application to Risk Measures

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Figure 2. Bivariate  t  Density Function with    0 . 7  and     (left) or  5   20  (right)
Figure 3. Scatterplots of 2000 Simulations of Random Variables Using  t  Copulas with   12  0.5
Table 2. Summary Statistics and Marginal Distributions
Table 4. Selected Copulas and Values of the Distances for Each Subgroup
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