Abstract
This article describes a general methodology that can be used for financial risk management. The approach is based on the model of Heath et al. (1992) of term structure movements but deals with the case of incomplete market. Both, domestic and foreign economies are investigated. Prices of various options are calculated using the forward measure introduced recently by El Karoui and Rochet (1989).
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
