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  • Search: subject:"Levy stochastic processes"
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Lévy stochastic processes 1 Sovereign debt 1
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Cohen, Daniel 1 Villemot, Sébastien 1
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The sovereign default puzzle: Modelling issues and lessons for Europe
Cohen, Daniel; Villemot, Sébastien - HAL - 2012
Why do countries default? this seemingly simple question has yet to be adequately answered in the literature. Indeed, prevailing modelling strategies compel the to choose between two enappealing model features: depending on the cost of default selected by the modeler, either the debt ratios are...
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