Results 21 to 30 of about 776,813 (316)

From bazooka to backstop: the political economy of standing swap facilities

Cambridge Journal of Economics, 2023
The permanent international lender of last resort consists of a swap line network between six major central banks (C6), centring around the US Federal Reserve.
Mathis L Richtmann, L. Steininger
semanticscholar   +1 more source

FROM BID-ASK CREDIT DEFAULT SWAP QUOTES TO RISK-NEUTRAL DEFAULT PROBABILITIES USING DISTORTED EXPECTATIONS [PDF]

International Journal of Theoretical and Applied Finance, 2021
Risk-neutral default probabilities can be implied from credit default swap (CDS) market quotes. In practice, mid-CDS quotes are used as inputs, as their risk-neutral counterparts are not observable. We show how to imply risk-neutral default probabilities
Matteo Michielon, A. Khedher, P. Spreij
semanticscholar   +1 more source

Monetary policy shocks and the signaling channel of monetary policy in China

China Economic Quarterly International, 2023
This paper identifies exogenous monetary policy shocks based on the high frequency transaction data of China's interest rate swap market, and explores the ‘signaling channel’ of monetary policy by investigating the transmission of different monetary ...
Zhenzhu Chen, Li Li, Changhua Yu
doaj   +1 more source

Dark Knights: The Rise in Firm Intervention by Credit Default Swap Investors

Management Sciences, 2023
There have been several cases in recent years where credit default swap (CDS) buyers and sellers intervene in the restructuring of a distressed firm. We show theoretically that this can increase firm value.
András Danis, Andrea Gamba
semanticscholar   +1 more source

Financing marine conservation from restructured debt: a case study of the Seychelles

Frontiers in Marine Science, 2023
In the face of the threats posed to the oceans by a changing climate, the need for marine conservation programs grows rapidly. Scaling with this need demands sufficient funding to support ambitious conservation projects.
Mara Booth, Cassandra M. Brooks
doaj   +1 more source

Debt-for-Nature Swaps in Action: Two Case Studies in Peru

Ecology and Society, 2011
Debt-for-nature swaps are a major source of global funding for nature conservation and have been touted as a win-win solution to the problem of how to finance conservation.
Catherine Kilbane. Gockel, Leslie C. Gray   +1 more
doaj   +1 more source

The Hierarchy of the Offshore US-Dollar System. On Swap Lines, the FIMA Repo Facility and Special Drawing Rights

Social Science Research Network, 2021
While it has become common to regard the international monetary system as hierarchical, the nature, shape and origin of this hierarchy often remain vague.
Steffen Murau, Fabian Pape, Tobias Pforr
semanticscholar   +1 more source

Optional Defaultable Markets

Risks, 2017
The paper deals with defaultable markets, one of the main research areas of mathematical finance. It proposes a new approach to the theory of such markets using techniques from the calculus of optional stochastic processes on unusual probability spaces ...
Mohamed N. Abdelghani, Alexander V. Melnikov   +1 more
doaj   +1 more source

The Impact of the Prior Density on a Minimum Relative Entropy Density: A Case Study with SPX Option Data

Entropy, 2014
We study the problem of finding probability densities that match given European call option prices. To allow prior information about such a density to be taken into account, we generalise the algorithm presented in Neri and Schneider (Appl. Math. Finance
Cassio Neri, Lorenz Schneider
doaj   +1 more source

Debt-for-nature swaps: A bibliometric analysis of global research trends (1988–2025) [PDF]

Environmental Economics
Type of the article: Research Article AbstractThis study provides the first comprehensive bibliometric mapping of the Debt-for-Nature Swap (DFNS) literature over the period 1988–2025, highlighting its intellectual structure, thematic evolution, and ...
Cansel Oskay
doaj   +1 more source