Re: [Quantlib-dev] [Quantlib-users] What is QuantLib/ql/MarketModels - LMM?

[Luigi B. <lui...@gm...>]

On 07/08/2006 06:02:03 PM, Toyin Akin wrote:
> What is the purpose of the displacements array within the new LMM
> framework?

One might want to model lognormal displaced rates instead of lognormal =20
rates. It is not an observable.

Luigi


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