Tongyu year painting has an important influence on national folk painting field, and the works have stronger culture and art research value, In 60s of 20th Century, Tongyu year painting has entered its prosperous peri...Tongyu year painting has an important influence on national folk painting field, and the works have stronger culture and art research value, In 60s of 20th Century, Tongyu year painting has entered its prosperous period, with many authors, lots of creation amount, large circulation and high winning level has become the major influence reason. Thus, in 1991, Tongyu County was awarded as ＂Chinese modem folk painting village＂ by the Ministry of Culture. Tongyu year painting is to reflect the meaning and connotation of year culture background, which is an important organization part of Jilin western Horqin grassland year culture, which shows the thick black soil land, Kanto feeling hot, the northeast wind rough, forming its own unique artistic style.展开更多
This paper generalizes European call options on the extremum of several risky assets in a Poisson-Gaussian model which allows both the risky assets and stochastic interest rates moving randomly with jump risks. The st...This paper generalizes European call options on the extremum of several risky assets in a Poisson-Gaussian model which allows both the risky assets and stochastic interest rates moving randomly with jump risks. The stochastic interest rate is assumed to follow an extended multi-factor HJM model with jumps. The authors provide explicitly the closed-form solutions of these options through the change of numeralre technique and examine the effects of both jump risks and stochastic interest rate on the option price with numerical experiment. The model can be seen as an extension of Stulz （1982）, Johnson （1987） and Lindset （2006）.展开更多
文摘Tongyu year painting has an important influence on national folk painting field, and the works have stronger culture and art research value, In 60s of 20th Century, Tongyu year painting has entered its prosperous period, with many authors, lots of creation amount, large circulation and high winning level has become the major influence reason. Thus, in 1991, Tongyu County was awarded as ＂Chinese modem folk painting village＂ by the Ministry of Culture. Tongyu year painting is to reflect the meaning and connotation of year culture background, which is an important organization part of Jilin western Horqin grassland year culture, which shows the thick black soil land, Kanto feeling hot, the northeast wind rough, forming its own unique artistic style.
基金Supported by the National Natural Science Foundation of China under Grant No. 40675023the "985" Project of Hunan Universitythe Guangxi Natural Science Foundation under Grant No. 0991091
文摘This paper generalizes European call options on the extremum of several risky assets in a Poisson-Gaussian model which allows both the risky assets and stochastic interest rates moving randomly with jump risks. The stochastic interest rate is assumed to follow an extended multi-factor HJM model with jumps. The authors provide explicitly the closed-form solutions of these options through the change of numeralre technique and examine the effects of both jump risks and stochastic interest rate on the option price with numerical experiment. The model can be seen as an extension of Stulz （1982）, Johnson （1987） and Lindset （2006）.
