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This paper presents new models for the dependence structure, or copula, of economic variables, and asymptotic results for new simulation-based estimators of these models. The proposed models are based on a factor structure for the copula and are particularly attractive for high dimensional applications, involving ...fty or more variables. Estimation of this class of models is complicated by the lack of a closed-form likelihood, but estimation via a simulation-based method using rank statisticsdoi:10.2139/ssrn.2670997 fatcat:c6ujajbjpvcuhnz4dkq2nzcnoy