Huang, Jen-Jsung; Lee, Kuo-Jung; Liang, Hueimei; Lin, Wei-Fu - In: Insurance: Mathematics and Economics 45 (2009) 3, pp. 315-324
Copula functions represent a methodology that describes the dependence structure of a multi-dimension random variable and has become one of the most significant new tools to handle risk factors in finance, such as Value-at Risk (VaR), which is probably the most widely used risk measure in...