Recent literature has pointed out that information asymmetries may be the reason for the poor performance of structural credit risk models to fit corporate bond data. It is well known in fact that these models lead to a strong understatement of the credit spread terms structure, particularly on...

Fourier Transform Methods in Finance Umberto Cherubini Giovanni Delia Lunga Sabrina Mulinacci Pietro Rossi )WILEY A John Wiley and Sons, Ltd., Publication Contents Preface ...