Credit Default Swaps: Mechanics and Empirical Evidence on Benefits, Costs, and Inter-Market Relations

by Andria van der Merwe, Bettina J. Stärkle, Christopher L. Culp

Book Overview

This book, unique in its composition, reviews the academic empirical literature on how CDSs actually work in practice, including during distressed times of market crises. It also discusses the mechanics of single-name and index CDSs, the theoretical costs and benefits of CDSs, as well as comprehensively summarizes the empirical evidence on important aspects of these instruments of risk transfer. Full-time academics, researchers at financial...

• Format: Paperback
• Language: English
• ISBN: 3030065804
• ISBN13: 9783030065805
• Release Date: January 2019
• Publisher: Palgrave MacMillan
• Length: 331 Pages
• Weight: 0.98 lbs.
• Dimensions: 0.8" x 5.8" x 8.3"