SIAM Journal on Financial Mathematics, Volume 11, Issue 3, Page 720-749, January 2020.
The first goal of this article is to identify, for different defaultable claims, the fundamental processes which uniquely determine the predefault price and therefore require to be modeled. The main message to the reader is that although the use of the default compensator or hazard process is ubiquitous, it may not uniquely characterize the price of some defaultable claims. The second goal is to better consolidate the reduced form approach with the structural approach, by extending the reduced form approach to allow for default times which can occur at stopping times and do not satisfy the immersion property.

中文翻译：

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违约时间的特征和构造

SIAM金融数学期刊，第11卷，第3期，第720-749页，2020年1月
。本文的首要目标是为不同的违约索赔确定唯一确定违约前价格并因此需要建模的基本过程。 。给读者的主要信息是，尽管默认补偿器或危害过程的使用无处不在，但它可能无法唯一地描述某些可违约索赔的价格。第二个目标是通过扩展简化形式方法以允许在停止时间发生的不满足沉浸性的默认时间，来更好地将简化形式方法与结构方法结合起来。