The role of credit default swaps on financial market stability
Küçük Resim Yok
Tarih
2011
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The role of credit default swaps (CDS) in the financial crisis has been debated among regulators, market participants and academics since early 2008. CDSs are derivative instruments which enable market participants to transfer or redistribute credit risk. However, the size of the CDS market, combined with its structural opacity, concentration and interconnectedness, may be a sign that the CDS market also poses a systemic risk to financial market stability. The purpose of the article is to investigate the role of credit default swaps on financial market stability. The impact of credit default swap markets on financial market stability crucially depends on market mechanisms, and capital-liquidity requirements in financial markets. © 2011 Published by Elsevier Ltd.
Açıklama
7th International Strategic Management Conference -- 30 June 2011 through 2 July 2011 -- Paris --
Anahtar Kelimeler
Counterparty risk, Credit default swaps, Financial market stability, Systemic risk
Kaynak
Procedia - Social and Behavioral Sciences
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
24
