CREDIT DEFAULT SWAPS - WEAPON OF MASS DESTRUCTION OR RELIABLE INDICATOR?

CREDIT DEFAULT SWAPS - WEAPON OF MASS DESTRUCTION OR RELIABLE INDICATOR?

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 b...

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Bibliographische Detailangaben
Veröffentlicht in:Economic affairs (Harlow) 2012-02, Vol.32 (1), p.72-74
1. Verfasser: Klieber, Dennis Sebastian
Format: Artikel
Sprache:eng
Schlagworte:
Corporate governance
Credit default swaps
derivatives
Economic indicators
over-the-counter trading
ratings agencies
Regulation
Risk exposure
Studies
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Beschreibung
Zusammenfassung: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.
ISSN:0265-0665
1468-0270
DOI:10.1111/j.1468-0270.2011.02133.x