Early telephone credit claims
نویسندگان
چکیده
منابع مشابه
Hazard rate for credit risk and hedging defaultable contingent claims
We provide a concise exposition of theoretical results that appear in modeling default time as a random time, we study in details the invariance martingale property and we establish a representation theorem which leads, in a complete market setting, to the hedging portfolio of a vulnerable claim. Our main result is that, to hedge a defaultable claim one has to invest the value of this contingen...
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ژورنال
عنوان ژورنال: Physics Today
سال: 2012
ISSN: 0031-9228,1945-0699
DOI: 10.1063/pt.3.1730