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Showing 1 to 1 of 1 for “"affine and non-affine processes"”.

  1. Analytical Estimation of Value at Risk Under Thick Tails and Fast Volatility Updating

    … future expected risk for both financial and non-financial institutions. VaR, the measure of the worst expected loss over a given horizon at a given confidence level, depends crucially on the distributional aspects of trading revenues. Existing VaR models do not capture adequately some …

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