In this survey we discuss different approaches of Libor Market Models with Levy forcing term. We begin with introduction to the Levy processes, and survey main approaches for modeling and numerical analysis of such models

We use a compound option-based structural credit risk model to infer a term structure of banking crisis risk from market data on bank stocks in daily frequency. Considering debt service payments with different maturities this term structure assigns a separate estimator for short- and long-term...