The rise of credit default swaps and its implications on financial stability

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dc.contributor.authorDural F.S.
dc.date.accessioned2024-03-13T10:01:17Z
dc.date.available2024-03-13T10:01:17Z
dc.date.issued2017
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description.abstractThe credit default swap market has experienced an exponential growth in recent decades. Though the first credit default swap contract was negotiated in the mid-1990s, the market has enjoyed a surge of popularity beginning in 2003. By the end of June 2013, the outstanding amount reached 24.3 trillion dollars. It is mostly used to transfer or to hedge credit risk. Concurrently with the global credit crisis, several shortcomings in CDS markets have appeared. One of the obvious questions is whether they affect the stability of financial markets. In this context after broader exhibition of credit default swaps market, speculative use of CDS, inception of central counterparty, and transparency of CDS market is handled. As a conclusion, it is true that the CDS market still has some weaknesses, but it is no more prone to be destabilizing than other financial instruments. This is shown in this chapter. © 2018 by IGI Global. All rights reserved.en_US
dc.identifier.doi10.4018/978-1-5225-3932-2.ch017
dc.identifier.endpage350en_US
dc.identifier.isbn9781522539339
dc.identifier.isbn1522539328
dc.identifier.isbn9781522539322
dc.identifier.scopus2-s2.0-85043312536en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage336en_US
dc.identifier.urihttps://doi.org/10.4018/978-1-5225-3932-2.ch017
dc.identifier.urihttps://hdl.handle.net/20.500.12662/3103
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherIGI Globalen_US
dc.relation.ispartofRisk and Contingency Management: Breakthroughs in Research and Practiceen_US
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.titleThe rise of credit default swaps and its implications on financial stabilityen_US
dc.typeBook Chapteren_US

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