Bücher, AxelIrresberger, FelixWeiss, Gregor N. F.2016-05-112016-05-112016http://hdl.handle.net/2003/3496110.17877/DE290R-17009A new measure of asymmetry in dependence is proposed which is based on taking the difference between the margin-free coskewness parameters of the underlying copula. The new measure and a related test are applied to both a hydrological and a financial market data sample and we show that both samples exhibit systematic asymmetric dependence.enDiscussion Paper / SFB823;22, 2016asymmetrydiversificationcopulaexchangeabilitycoskewness310330620working paper