After that, the paper introduces two kinds of credit risk pricing models which adopt stochastic interest rate and credit risk: structural model and reduced-form model.
在此基础上，探讨了将随机利率与信用风险相结合的信用风险定价模型——结构模型和简约模型。
This paper observe credit risk and default probabilities priced by structural and reduced-form models.
本文研究结构性降价模型带来的信用风险和违约的可能性。
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