Meet the editors

Mehmet Kenan Terzioğlu received his MSc. degree in Actuarial Sciences from Hacettepe University. He studied at Tilburg University in the Department of Econometrics and Operations between 2008 and 2009 while working in the Department of Actuarial Sciences at Hacettepe University between 2006 and 2009 as a Research Assistant. He worked as a Risk Analyst Assistant (Assistant Specialist) in Ziraat Bank Risk Management Depart-

ment and got his Ph.D. degree in Econometrics from the Department of Econometrics at Gazi University. Since 2018, he has been working as an Associate Professor in the Econometrics Department at Trakya University. He takes part in the management team of the Risk Management and Corporate Sustainability Application and Research Center at Trakya University.

Gordana Djurovic is a Full Professor in the Faculty of Economics, University of Montenegro, Podgorica, where she teaches economic development, environmental economics, international economic relations, regional economy, and the EU Enlargement Policy. Her area of expertise is sustainable development. Prof. Djurovic was Deputy Prime Minister and Minister for European Integration in the Montenegrin Government (2004-2010) when

she was the chief negotiator for SAA negotiation. She has authored twenty books and chapters in books related to sustainable economic development and the EU integration process and more than 70 scientific papers (https://www.ucg.ac.me/ objava/blog/18163/objava/1). She is a Jean Monnet Professor, President of the Montenegrin Pan-European Union (MPEU), and member of the International PEU Presidency. She is a member of the Committee for Economy, Anthropology, and Demography of the Montenegrin Economy of Science.

Contents

and Lévy Processes *by Bodo Herzog*

and SSEC Indices

*by Shaopeng Zhong*

*by Raed Alzghool*

*by Mustafa Çakır*

Business

Quasi-Likelihood Approaches

*by Gerasimos G. Rompotis*

The Independence of Indexed Volatilities *by Katlego Kola and Tumellano Sebehela*

**Preface XI**

**Chapter 1 1**

**Chapter 2 13**

**Chapter 3 33**

**Chapter 4 49**

**Chapter 5 77**

**Chapter 6 97**

**Chapter 7 127**

**Chapter 8 155**

Modeling Inflation Dynamics with Fractional Brownian Motions

Construction of Forward-Looking Distributions Using Limited

*by Riaan de Jongh, Helgard Raubenheimer and Mentje Gericke*

Bayesian Analysis of Additive Factor Volatility Models with Heavy-Tailed Distributions with Specific Reference to S&P 500

ARCH and GARCH Models: Quasi-Likelihood and Asymptotic

IPO ETFs: An Alternative Way to Enter the Initial Public Offering

The Impact of Exchange Rates on Stock Markets in Turkey: Evidence from Linear and Non-Linear ARDL Models

Historical Data and Scenario Assessments

*by Verda Davasligil Atmaca and Burcu Mestav*

Reliability-Based Marginal Cost Pricing Problem
