Credit Default Swaps

Mechanics and Empirical Evidence on Benefits, Costs, and Inter-Market Relations

AvChristopher L. Culp,Andria van der Merwe

Inbunden, Engelska, 2018

Del i serien Palgrave Studies in Risk and Insurance

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Beskrivning

This book, unique in its composition, reviews the academic empirical literature on how CDSs actually work in practice, including during distressed times of market crises.

Produktinformation

Utgivningsdatum:2018-07-26
Mått:148 x 210 x 29 mm
Vikt:608 g
Format:Inbunden
Språk:Engelska
Serie:Palgrave Studies in Risk and Insurance
Antal sidor:331
Upplaga:18001
Förlag:Springer International Publishing AG
ISBN:9783319930756

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Mer om författaren

Christopher L. Culp, Ph.D., is a Research Fellow at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, an Adjunct Professor at both the Swiss Finance Institute and Universität Bern, a Senior Affiliate with Compass Lexecon, and Managing Director of Financial Economics Consulting, Inc. Andria van der Merwe, Ph.D., is a Senior Vice President at Compass Lexecon and a Research Fellow at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise. Bettina Stӓrkle, M.Sc., is an Economist with Compass Lexecon.

Innehållsförteckning

Part I: The CDS Market and Product Mechanics.- Chapter 1: Overview of CDS Products and Market Activity.- Chapter 2: Single-Name CDSs.- Chapter 3: Loan-Only CDSs.- Chapter 4: Multi-Name and Index CDSs.- Chapter 5: Asset-Backed CDSs.- Chapter 6: CDS Execution and Clearing Mechanisms.- Part II: Potential Benefits and Costs of CDSs.- Chapter 7: Potential Benefits of CDSs.- Chapter 8: Potential Costs of CDSs.- Part III: Empirical Evidence on the Benefits, Costs, and Inter-Market Relations of CDSs.- Chapter 9: The Informational Content of CDS Spreads.- Chapter 10: Implications of CDS Listings for Reference Entities and Creditors.- Chapter 11: Inter-Market Basis Relations.- Chapter 12: Inter-Connectedness and Systemic Risk.- Appendix 1: Research Methodology.- Appendix 2: Additional Tables.