Oldrich Vasicek

Oldrich Vasicek is a Czech-American economist and mathematician known for his work in finance, particularly in the field of credit risk and interest rate modeling. He developed the Vasicek model, which describes how interest rates evolve over time, and is widely used in financial institutions to assess credit risk and determine the prices of financial derivatives. His research has significantly influenced risk management practices and quantitative finance. Vasicek’s contributions help banks and investors better understand and mitigate potential losses related to changes in interest rates and borrower defaults.