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by LiZhou
June 22nd, 2009, 3:08 pm
Forum: Technical Forum
Topic: Variance Gamma calibration
Replies: 9
Views: 165213

Variance Gamma calibration

<t>Fiorani, Luciano and Semeraro provide a detailed description of their calibration of variance gamma parameters in the credit market. They work with a structural model under variance gamma and fit the VG parameters using 18,700 credit default swap spreads on 224 companies. The paper is very detail...