Title: Credit Default Swaps and Their Market Function
Abstract: Credit derivative instruments allow default risk to be segregated from debt of all kinds. They have granted investors the ability to hedge their portfolios and provided numerous institutions with a new source of income. However, the market for credit default swaps is neither transparent nor regulated, perhaps undermining the stability of the financial system it has helped innovate.
Publication Year: 2009
Publication Date: 2009-09-22
Language: en
Type: article
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Cited By Count: 1
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