Jiménez, José Alfredo; Arunachalam, Viswanathan; … - In: International Journal of Financial Markets and Derivatives 3 (2014) 3, pp. 191-221
There is good empirical evidence to show that the financial series, whether stocks or indices, currencies or interest rates do not follow the log-normal random walk underlying the Black-Scholes model, which is the basis for most of the theory of options valuation. This article presents a...
