Copulas for Finance - A Reading Guide and Some Applications
Preprint
- 7 March 2000
- preprint
- Published by Elsevier BV in SSRN Electronic Journal
Abstract
Copulas are a general tool to construct multivariate distributions and to investigate dependence structure between random variables. However, the concept of copula is not popular in Finance. In this paper, we show that copulas can be extensively used to solve many financial problems.Keywords
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