Geometry of term structures

Session 2: Term Structure Modelling I

Abstract: Tomas Björk is remembered as a leading researcher in mathematical finance, whose many contributions always had a flavour of unique originality and astonishing simplicity. An outstanding example is the suggestion of fine geometric reasonings to the analysis and classification of term structure equations. We review some of his main contributions including some personal thoughts about his admired didactical approaches and we show some recent developments in the field.