The determinants of CDS open interest dynamics
It has been argued that the CDS market may be a threat to financial stability. Such concern may stem from the counterparty risk assumed by market participants and the high sensitivity of these instruments to the business cycle. The open interest of the CDS market mirrors investors’ maximum exposure...
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| Other Authors: | , |
| Format: | article |
| Language: | eng |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10174/16866 |
| Country: | Portugal |
| Oai: | oai:dspace.uevora.pt:10174/16866 |