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Persistent link: https://www.econbiz.de/10002877345
This article focuses on the computation of VaR and CTE. It provides a very accurate and fast method, based on Fourier analysis and following Boyarchenko and Levendorskii (2000). Once the characteristic function of a marginal law is known, the computation of VaR or CTE is performed using a Fast...
Persistent link: https://www.econbiz.de/10013114780