Separate names with a comma.
In the section of chapter 14 that attempts to explain theories for the term structure of interest rates, one theory given is that of liquidity...
Just started reading chapter 4 of the CB2 textbook, which discusses marginal utility theory. It seems that utility theory assumes that consumers...
The UK life insurer I work at doesn't implement any short rate models within any processes (that I am aware of). For calculating the interest...
Thanks for the in-depth response, that really helped my understanding of this.
In CS2, chapter 13, at the bottom of page 31 there is an example that requires you to calculate the roots of the characteristic equation of the...
Where liquidity risk is referred to, it appears to have two similar meanings: the risk that an investor will be unable to buy/sell a security at...
With regards to questions that require a written answer, I'm struggling to understand the scope of the points that an examiner is looking for....
I'm currently looking at page 20 of chapter 6 of the SP6 ActEd notes. They have defined the processes $$ E_t := B_t^{-1} V_t \\ D_t := B_t^{-1}...
