H. Takada

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Correlated default risk plays a significant role in financial markets. Dynamic intensity-based models, in which a firm default is governed by a stochastic intensity process, are widely used to model correlated default risk. The computations in these models can be performed by Monte Carlo simulation. The standard simulation method, which requires the(More)
In a previous paper, we reported that lipoteichoic acids (LTA) prepared from Streptococcus pyogenes induces tumour necrosis factor (TNF) in the sera of mice which had been primed with formalin-killed Propionibacterium acnes (Yamamoto et al., 1985a). Thus, serum specimens of P. acnes-primed, and LTA-elicited mice had a cytoidal effect on L-929 cells in(More)
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