Statistics of Financial Markets

Jürgen Franke is a professor of applied mathematical statistics at the University of Kaiserslautern, member of the graduate school 'Mathematics as a Key Technology', and since 2000 he has been an advisor to the Financial Mathematics Group of the Fraunhofer Institute for Industrial Mathematics, Kaiserslautern. His research focuses on nonlinear time series and nonparametric statistics with applications in financial time series and risk analysis.Wolfgang Karl Härdle is a professor of statistics at the Humboldt-Universität zu Berlin and director of C.A.S.E. - the Centre for Applied Statistics and Economics.  He teaches quantitative finance and semiparametric statistical methods. His research focuses ondynamic factor models, multivariate statistics in finance and computational statistics. He is an elected ISI member and advisor to the Guanghua School of Management, Peking University and to National Central University, Taiwan.Christian Matthias Hafner is a professor of econometrics and statistics at the Université Catholique de Louvain. His work is mainly concerned with the applications of nonlinear time series and volatility models to financial markets.