Affine processes provide a versatile framework for modelling complex financial phenomena, ranging from interest rate dynamics to credit risk and beyond. Their defining characteristic is the affine, or ...

As global financial markets become increasingly interconnected, accurately modelling correlations between assets is essential. Traditional models often assume static correlations, which fail to ...

The rapid rate at which severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) variants emerge poses a threat to attaining herd immunity against the coronavirus disease 2019 (COVID-19). Multiple ...