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Persistent link: https://www.econbiz.de/10011787454
We study the impact of wrong-way-risk (WWR) on credit valuation adjustment (CVA) for European and Bermudan options, based on an intensity model. WWR is modeled by a dependency between the underlying asset and the intensity of the counterparty's default. We consider three different models. We...
Persistent link: https://www.econbiz.de/10012981149
Persistent link: https://www.econbiz.de/10012038437