Modeling the Dynamics of Shanghai Interbank Offered Rate Based on Single-Factor Short Rate Processes

<div class="floats-full-page floats-full-page-other"><h2>Table 3</h2><div class="floats-full-page-caption">Results of the Vuong test.</div><div class="floats-full-page-content"><table class="table-group" id="tab3"><tr><td><table class="table"><tr><td class="thead-hr" colspan="6"><hr /></td></tr><tr class="thead"><td align="left"> </td><td align="center"> Merton </td><td align="center"> GBM </td><td align="center"> Vasicek </td><td align="center"> CIR </td><td align="center"> MRJD </td></tr><tr><td class="thead-hr" colspan="6"><hr /></td></tr><tr><td align="left"> Merton </td><td align="center"> — </td><td align="center"> 4.180489 </td><td align="center"> 2.241832 </td><td align="center"> 4.799925 </td><td align="center"> 4.317839 </td></tr><tr><td align="left">GBM </td><td align="center"> — </td><td align="center"> — </td><td align="center"> 3.370632 </td><td align="center"> 3.110825 </td><td align="center"> 3.799735 </td></tr><tr><td align="left">Vasicek </td><td align="center"> — </td><td align="center"> — </td><td align="center"> — </td><td align="center"> 2.012456 </td><td align="center"> 2.482186 </td></tr><tr><td align="left">CIR </td><td align="center"> — </td><td align="center"> — </td><td align="center"> — </td><td align="center"> — </td><td align="center"> 3.302152 </td></tr><tr><td align="left">MRJD </td><td align="center"> — </td><td align="center"> — </td><td align="center"> — </td><td align="center"> — </td><td align="center"> — </td></tr><tr class="table-tr"><td colspan="6"><hr class="tbody-hr" /></td></tr></table></td></tr></table></div></div>

Table 3 | Modeling the Dynamics of Shanghai Interbank Offered Rate Based on Single-Factor Short Rate Processes

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Table 3: Modeling the Dynamics of Shanghai Interbank Offered Rate Based on Single-Factor Short Rate Processes

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Table 3

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