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Building and using dynamic interest rate models
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Building and using dynamic interest rate models

Kenneth O Kortanek and Vladimir G Medvedev
Wiley finance series, Wiley
2001

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Abstract

Traditionally, fixed income securities promised fixed cash-flows. However, the many newly created fixed-income securities (for which the promised cash-flows depend on the level of interest rates), makes them more difficult to value. This text looks at dynamic interest rate models.

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