The Optimal Analysis of Default Probability for a Credit Risk Model

A credit risk mathematical model is investigated. Under regular conditions, a different recovery scheme is proposed, which is an extension of the recovery of treasury value scheme (RTV) with time-continuous liquidation. Assuming that a function depends on the optimal time for the liquidation and the...

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Bibliographic Details
Main Authors: Aiyin Wang, Ls Yong, Weili Zeng, Yang Wang
Format: Article
Language:English
Published: Wiley 2014-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2014/878306
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