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<records>
  <record>
    <language>eng</language>
    <publisher>Science and Education Publishing</publisher>
    <journalTitle>Journal of Finance and Economics</journalTitle>
    <eissn>2328-7276</eissn>
    <publicationDate>2017-03-20</publicationDate>
    <volume>5</volume>
    <issue>1</issue>
    <startPage>34</startPage>
    <endPage>37</endPage>
    <doi>10.12691/jfe-5-1-4</doi>
    <publisherRecordId>JFE2017514</publisherRecordId>
    <documentType>article</documentType>
    <title language="eng">The Moments for Solution of the Cox-Ingersoll-Ross Interest Rate Model</title>
    <authors>
      <author>
        <name>M. A. Jafari</name>
        <email>m.a.jafari.math@gmail.com, m.a.jafari@khu.ac.ir</email>
        <affiliationId>1</affiliationId>
      </author>
      <author>
        <name>S. Abbasian</name>
        <affiliationId>2</affiliationId>
      </author>
    </authors>
    <affiliationsList>
      <affiliationName affiliationId="1">Department of Financial Sciences, Kharazmi University, P.O. Box 15875-1111, Tehran, Iran</affiliationName>
      <affiliationName affiliationId="2">Department of Drug and Food Control, Faculty of Pharmacy, Tehran University of Medical Sciences, Iran</affiliationName>
    </affiliationsList>
    <abstract language="eng">In finance, the Cox-Ingersoll-Ross model (or CIR model) explains the evolution of interest rates. This model has no general explicit solution. In this paper, the moments of solution for the CIR model are obtained explicitly.</abstract>
    <fullTextUrl format="pdf">http://pubs.sciepub.com/jfe/5/1/4/jfe-5-1-4.pdf</fullTextUrl>
    <keywords language="eng">
      <keyword>Cox-Ingersoll-Ross model</keyword>
      <keyword>interest rate model</keyword>
      <keyword>the moments for solution of CIR model</keyword>
      <keyword>square-root diffusion</keyword>
    </keywords>
  </record>
</records>