The long and short of it : the post-crisis corporate CDS market

Nina Boyarchenko, Anna M. Costello, Or Shachar

The 2007-09 financial crisis highlighted the vulnerability of financial institutions linked by a complex web of credit default swap (CDS) contracts, sparking a wave of regulatory changes to the structure of the market. In this paper, we provide broad evidence on the evolution of the CDS market in the post-crisis period, document the properties of participants' exposures to corporate CDS over time, and study the differential pricing of transactions between different types of counterparties.

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Year of publication:	[2019]
Authors:	Boyarchenko, Nina ; Costello, Anna M. ; Shachar, Or
Publisher:	New York, NY : Federal Reserve Bank of New York
Subject:	CDS positions \| CDS transactions \| dealer market power \| Kreditderivat \| Credit derivative \| Finanzmarktregulierung \| Financial market regulation \| Marktstruktur \| Market structure \| Marktmacht \| Market power \| OTC-Handel \| OTC market \| Anlageverhalten \| Behavioural finance

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Extent:	1 Online-Ressource (circa 65 Seiten) Illustrationen
Series:	Staff reports / Federal Reserve Bank of New York. - New York, NY : [Verlag nicht ermittelbar], ZDB-ID 2189304-4. - Vol. no. 879 (February 2019)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/210731 [Handle]
Classification:	G10 - General Financial Markets. General ; G12 - Asset Pricing ; G19 - General Financial Markets. Other
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011975486