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Book 2002 of these products as well as the process of managing their market risk in an essential way. Consequently, a large number of interest-rate models have appeared in the literature using one or more factors to explain the potential changes of the yield curve. Beside the Black () and the Heath-JaFICE 发表于 2025-3-29 00:07:23
1616-0533 a large number of interest-rate models have appeared in the literature using one or more factors to explain the potential changes of the yield curve. Beside the Black () and the Heath-Ja978-3-642-08708-0978-3-662-12106-1Series ISSN 1616-0533 Series E-ISSN 2195-0687杂色 发表于 2025-3-29 06:53:38
Stochastic Processes and Martingales some random sums, carefully put together so that the resulting limit is a (local) martingale. And in fact, martingales are one of the most important elements needed for the evaluation of financial instruments. They are defined in Section 2.5 and are used to describe the prices of financial derivati