Passt nicht? Macht nichts! Bei uns ist die Rückgabe innerhalb von 30 Tagen möglich
Mit einem Geschenkgutschein können Sie nichts falsch machen. Der Beschenkte kann sich im Tausch gegen einen Geschenkgutschein etwas aus unserem Sortiment aussuchen.
30 Tage für die Rückgabe der Ware
Although the assumption of constant volatility is areasonable approximation for some markets, in thelast two decades the need for more general non-constant volatility models has been the drivingforce behind numerous works in FinancialMathematics. In this book we study systems thatarise in interest-rate markets when the volatilityof the short rate is modeled as a function of twomean-reverting diffusions that vary on differentscales. This allows us to capturea rich variety ofvolatility patterns. In the last part of the bookthe analysis is extended to other areas, like Value-at-Risk, in which similar systems arise when thevolatility is modeled as a stochastic process. Thebook is oriented to researchers who work in thefield of Mathematical Finance, as well as topractitioners who would like to gain a betterunderstanding of how to include stochasticvolatility in their models.