到此为止，我们已经介绍了短期利率模型的单因素和多因素模型、HJM模型、Flesaker-Hughston模型，以及利率衍生物定价的一些模型。虽然只是涉及到一些基本理论框架和重要结论，但是这个理论从产生到发展直至今天，已经得到了广泛的应用。

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Term Structure Models for Interest Rates

Abstract: The object of this paper is to introduce the main ideas and fundamental results on martingale methods in option pricing, by a short and comprehensive presentation, although the PDE approach is also occasionally touched. It is aimed primarily at those people who are non-experts in, but willing to learn, the option pricing theory.

Keywords: option price, martingale measure, maturity, hedging, contingent claim.

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