Thesis
A stochastic partial differential equation approach to mortgage backed securities
- Abstract:
-
The market for mortgage backed securities (MBS) was active and fast growing from the issuance of the first MBS in 1981. This enabled financial firms to transform risky individual mortgages into liquid and tradable market instruments. The subprime mortgage crisis of 2007 shows the need for a better understanding and development of mathematical models for these securities. The aim of this thesis is to develop a model for MBS that is flexible enough to capture both regular and subprime MBS.
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Funding
+ Higher Education Commission, Government of Pakistan
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Funding agency for:
Ahmad, F
Bibliographic Details
- Publication date:
- 2012
- Type of award:
- DPhil
- Level of award:
- Doctoral
- Awarding institution:
- Oxford University, UK
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
-
uuid:ee33aa2d-b9fa-4cc4-a399-5f681966bc77
- Local pid:
- ora:7705
- Deposit date:
- 2014-02-03
Terms of use
- Copyright holder:
- Ahmad, F
- Copyright date:
- 2012
- Notes:
- This thesis is not currently available in ORA.
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