A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options

Review of Financial Studies - Tập 6 Số 2 - Trang 327-343 - 1993
Steven L. Heston1
1Yale University

Tóm tắt

Từ khóa


Tài liệu tham khảo

10.2307/2328254

Bates D. S. , 1992, “Jumps and Stochastic Processes Implicit in PHLX Foreign Currency Options,” working paper, Wharton School, University of Pennsylvania.

10.2307/2978484

10.1086/260062

10.1016/0304-405X(79)90016-3

10.2307/1911242

10.1016/0304-405X(76)90023-4

Eisenberg L. K. Jarrow R. A. , 1991, “Option Pricing with Random Volatilities in Complete Markets,” Federal Reserve Bank of Atlanta, Working Paper 91–16.

Feller W. , 1966, An Introduction to Probability Theory and Its Applications (Vol. 2), Wiley, New York.

10.1016/S0261-5606(83)80001-1

Heston S. L. , 1990, “Testing Continuous Time Models of the Term Structure of Interest Rates,” Ph.D. Dissertation, Carnegie Mellon University Graduate School of Industrial Administration.

Heston S. L. , 1992, “Invisible Parameters in Option Prices,” working paper, Yale School of Organization and Management.

Hull J. C. , 1989, Options, Futures, and Other Derivative Instruments, Prentice-Hall, Englewood Cliffs, N.J.

10.2307/2328253

Ingersoll J. E. , 1989, Theory of Financial Decision Making, Rowman and Littlefield, Totowa, N.J.

Ingersoll J. E. , 1990, “Contingent Foreign Exchange Contracts with Stochastic Interest Rates,” working paper, Yale School of Organization and Management.

10.1016/0304-405X(82)90007-1

Johnson N. L. Kotz S. , 1970, Continuous Univariate Distributions, Houghton Mifflin, Boston.

Karlin S. Taylor H. M. , 1975, A First Course in Stochastic Processes, Academic, New York.

Kendall M. Stuart A. , 1977, The Advanced Theory of Statistics (Vol. 1), Macmillan, New York.

Knoch H. J. , 1992, “The Pricing of Foreign Currency Options with Stochastic Volatility,” Ph.D. Dissertation, Yale School of Organization and Management.

10.1093/rfs/6.2.293

10.1016/0304-4076(90)90100-8

10.2307/135623

10.2307/3003143

10.2307/2327895

10.2307/2330793

10.1093/rfs/4.4.727

10.1016/0304-405X(87)90009-2