Title: CREDIT DEFAULT SWAPS – WEAPON OF MASS DESTRUCTION OR RELIABLE INDICATOR?
Abstract: Credit Default Swaps (CDS) are said to increase systemic vulnerability, but they also serve as an ex‐ante indicator of default probabilities, more finely‐tuned and more responsive than ratings agency reports. And they provide a useful mechanism for trading risk and an incentive for good management by businesses and governments.
Publication Year: 2012
Publication Date: 2012-02-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 7
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