Equation 1: Exchange(e)

Equation 2: Stock(s)

−0.0041

0.0129

0.0009

0.5482

$e_{t-1}$

0.1034

−0.6761

0.0684

0.4697

$e_{t-2}$

0.0393

0.8574

0.4424

0.3361

$e_{t-3}$

0.3860

−1.6780

0.0000

0.0486

$e_{t-4}$

0.0881

2.2739

0.0341

0.0016

$s_{t-1}$

−0.0006

0.1016

0.8301

0.0954

$s_{t-2}$

0.0012

−0.0479

0.6353

0.4128

$s_{t-3}$

0.0031

0.0337

0.2521

0.5099

$s_{t-4}$

−0.0082

0.2033

0.0004

0.0000

$\sqrt{h_{ee,t}}$

0.1452

−1.0667

0.0239

0.2295

$\sqrt{h_{ss,t}}$

0.0307

0.0061

0.0829

0.9842