The role of credit default swaps on financial market stability

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dc.contributor.authorTerzi N.
dc.contributor.authorUluçay K.
dc.date.accessioned2024-03-13T10:00:58Z
dc.date.available2024-03-13T10:00:58Z
dc.date.issued2011
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description7th International Strategic Management Conference -- 30 June 2011 through 2 July 2011 -- Paris --en_US
dc.description.abstractThe 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.en_US
dc.identifier.doi10.1016/j.sbspro.2011.09.066
dc.identifier.endpage990en_US
dc.identifier.issn1877-0428
dc.identifier.scopus2-s2.0-81055155685en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage983en_US
dc.identifier.urihttps://doi.org/10.1016/j.sbspro.2011.09.066
dc.identifier.urihttps://hdl.handle.net/20.500.12662/2904
dc.identifier.volume24en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.relation.ispartofProcedia - Social and Behavioral Sciencesen_US
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCounterparty risken_US
dc.subjectCredit default swapsen_US
dc.subjectFinancial market stabilityen_US
dc.subjectSystemic risken_US
dc.titleThe role of credit default swaps on financial market stabilityen_US
dc.typeConference Objecten_US

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