While the reduced form models may be universally applied in many fields of default risk valuation, the game …

与现实经济环境更为接近的博弈模型是需进一步研究的重点。

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Based on analyzing the main characters of the revolver loan and reduced form models, the modeling idea about pricing the revolver loan is presented by applying reduced form model.

在分析循环贷款和简化模型主要特征的基础上，提出了应用简化模型解决循环贷款定价问题的建模思想。

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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。

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