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Interest rate models an infinite dimensional stochastic analysis perspective

ISBN: 3540270655



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Interest rate models an infinite dimensional stochastic analysis perspective
René Carmona, M R Tehranchi, "Interest rate models: an infinite dimensional stochastic analysis perspective"
2006 | pages: 239 | ISBN: 3540270655 | PDF | 2,0 mb



This book presents the mathematical issues that arise in modeling the interest rate term structure by casting the interest-rate models as stochastic evolution equations in infinite dimensions. The text includes a crash course on interest rates, a self-contained introduction to infinite dimensional stochastic analysis, and recent results in interest rate theory.


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