Copulas are mathematical objects that fully capture the dependence structure among random variables and hence offer great flexibility in building multivariate s

This book gives readers the solid and formal mathematical background to apply copulas to a range of mathematical areas, such as probability, real analysis, meas

Copulas are functions that join multivariate distribution functions to their one-dimensional margins. The study of copulas and their role in statistics is a new

The latest tools and techniques for pricing and risk management This book introduces readers to the use of copula functions to represent the dynamics of financi