Results 31 to 40 of about 677,755 (286)
Credit Default Swaps and Firm Cyclicality
Journal of Financial and Quantitative Analysis, 2023 AbstractWe find firm cyclicality decreases by 40% after the inception of credit default swap (CDS) trading. The effect stems from CDS firms’ less aggressive asset growth in good times and is stronger for firms facing a more severe empty creditor problem. Important identification issues are addressed.
Lars Norden, Chao Yin, Lei Zhao
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Dollarization and Risk Premium in a Risky Country: An Investigation on Turkiye
İstanbul İktisat Dergisi, 2022 In this study, developed from the importance of the deformation caused by dollarization in developing countries, the effect of risk level on financial dollarization is examined.
Murat Eren, Selim Başar, Bengü Tosun
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Legitimacy in financial markets: credit default swaps in the current crisis [PDF]
, 2009 The current financial crisis appears to be a moment of epochal change, an archetypal ‘legitimation crisis’. This paper examines the impact of this collapse on one particular section of the financial markets that concerned with credit default swaps.
Morgan, Glenn
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The Real Effects of Credit Default Swaps [PDF]
SSRN Electronic Journal, 2014 We examine the e↵ect of introducing credit default swaps (CDSs) on firm value. Our model allows for dynamic investment and financing, and bondholders can trade in the CDS market. The model incorporates both negative and positive e↵ects of CDSs. CDS markets lead to more liquidations, but they also reduce the probability of costly debt renegotiation, and
Danis, Andràs , Gamba, Andrea
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Being Naked - et Quo hinc?: Developing a ‘Skin-in-the-Game’ Solution for Credit Default Swaps
International Journal of Financial Studies, 2022 A credit default swap (CDS) is a derivative financial instrument that provides insurance against credit risk. CDSs on subprime Asset Backed Securities (ABSs) paved the way for securitizers to hedge the credit risk of the underlying subprime loans during ...
Shanuka Senarath +4 more
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Are All Credit Default Swap Databases Equal? [PDF]
SSRN Electronic Journal, 2010 AbstractWe compare the five major sources of corporate Credit Default Swap prices: GFI, Fenics, Reuters, CMA, and Markit, using the most liquid single name 5‐year CDS in the iTraxx and CDX indexes from 2004 to 2010. Deviations from the common trend among prices in the different databases are not random but are explained by idiosyncratic factors ...
Sergio Mayordomo +2 more
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Cuadernos de Economía, 2021 Se analiza cómo los Credit Default Swaps (CDS) están relacionados con el riesgo soberano en Brasil, Chile, Colombia y México, durante el período 2010-2019.
Jeimy Lorena Martinez Arroyo +1 more
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Graph Neural Network‐Based Reinforcement Learning for Decentralized Multi‐Robot Manipulation
Advanced Intelligent Systems, EarlyView.Robot arms lifting a large object face a trade‐off: centralized controllers explode in parameters, while decentralized ones cannot coordinate. A GNN resolves this—each arm runs its own network but acts on the full team state, achieving centralized‐level coordination with decentralized execution. Trained across team sizes, a single policy scales to four‐
Tong Chen +3 more
wiley +1 more source
Optimizing Price of Credit Default Swaps for Dynamic Project System of Public-Private Partnership
Discrete Dynamics in Nature and Society, 2018 Most project operations management belongs to the type of public-private partnership (PPP), which is usually dynamic. This paper aims to propose a method for optimizing the price of credit default swaps (CDS) for the dynamic PPP system.
Ming Wu, Wenya Lv, Qiuji Sun
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The credit default swap market and the settlement of large defaults [PDF]
International Economics, 2010 Résumé L’ampleur des positions prises sur le marché des swaps de défaut de crédit (CDS) a soulevé des inquiétudes sur la capacité du marché à régler les défauts lorsque ceux-ci concernent de très gros emprunteurs. La quasi-faillite de AIG et la faillite avérée de Lehman Brothers en 2008 ont révélé l’exposition des acheteurs de CDS au risque de ...
Virginie Coudert, Mathieu Gex
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