Copula Methods in Finance is the first book to address the mathematics of copula functions illustrated with finance applications. It explains copulas by means of applications to major topics in derivative pricing and credit risk analysis. Examples include pricing of the main exotic derivatives (barrier, basket, rainbow options) as well as risk management issues. Particular focus is given to the pricing of asset-backed securities and basket credit derivative products and the evaluation of counterparty risk in derivative transactions.
For a long time prepositions seemed to enjoy a clandestine status in linguistic research. This has changed with a novel path of inquiry into the inner structure of complex prepositional expressions. In a unique approach to the examination of the outer syntax of prepositions the author uses established and new syntactic and statistical tests to achieve a convincing hierarchy of thematic roles expressed by prepositional phrases. From an antisymmetric point of departure the author presents an overview of possible derivations that result in the observed different word orders of PPs in VO and OV languages. It leads to a refreshing new proposal of how to include morphology into syntax. The plausibility of this model is underscored by a wide range of explanatory data. This book is indispensable for linguists interested in the syntax of modifiers.
Copula Methods in Finance is the first book to address the mathematics of copula functions illustrated with finance applications. It explains copulas by means of applications to major topics in derivative pricing and credit risk analysis. Examples include pricing of the main exotic derivatives (barrier, basket, rainbow options) as well as risk management issues. Particular focus is given to the pricing of asset-backed securities and basket credit derivative products and the evaluation of counterparty risk in derivative transactions.
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