We describe how any two-party quantum computation, specified by a unitary which simultaneously acts on the registers of both parties, can be privately implemented against a quantum version of classical semi-honest adversaries that we call specious. Our construction requires two ideal functionalities to garantee privacy: a private SWAP between registers held by the two parties and a classical pr...

In this paper we compare market prices of credit default swaps with model prices. We show that a simple reduced form model outperforms directly comparing bonds’ credit spreads to default swap premiums. We find that the model yields unbiased premium estimates for default swaps on investment grade issuers, but only if we use swap or repo rates as proxy for default-free interest rates. This indica...

PURPOSE To compare intersubject variability and normal limits of threshold values between the new Swedish interactive test algorithm short wavelength automated perimetry (SITA SWAP) and the older Full Threshold SWAP programs (Carl Zeiss Meditec, Dublin, CA). METHODS Normal reduction of differential light sensitivity with age, age-corrected thresholds, intersubject variability, and normal limi...

Existing systems that support semistructured views do not maintain semantics during the process of designing views. Thus, there is no guarantee that the views obtained are valid and reversible views. In this paper, we propose an approach to designing valid and reversible semistructured views. We employ four types of view operators, namely, select, drop, join and swap operators, and develop a se...

This paper analyzes the pricing of defaultable securities in rating based models where the default of more than one agent is involved. We extend the model of Duffie and Huang (1996) to a framework which explicitly takes into account the rating of each party. Although our method is by no means restricted to swap contracts we will use as our illustrative example a plain vanilla interest rate swap...

We develop a new approach for pricing European-style contingent claims written on the time T spot price of an underlying asset whose volatility is stochastic. Like most of the stochastic volatility literature, we assume continuous dynamics for the price of the underlying asset. In contrast to most of the stochastic volatility literature, we do not directly model the dynamics of the instantaneou...

We present two approximation methods for pricing of CMS spread options in Libor market models. Both approaches are based on approximating the underlying swap rates with lognormal processes under suitable measures. The rst method is derived straightforwardly from the Libor market model. The second one uses a convexity adjustment technique under a linear swap model assumption. A numerical study d...