Central clearing and CDS market quality

This paper contributes to the literature on the impact of central clearing on financial market quality. Focusing on the CDS market, a difference-in-differences analysis is performed to identify effects of voluntary central clearing of contracts on ICECC and ICECE. Patterns of market quality proxies...

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Bibliographic Details
Main Author: Silva, Paulo (author)
Other Authors: Vieira, Carlos (author), Vieira, Isabel (author)
Format: article
Language:eng
Published: 2019
Subjects:
central clearing
credit default swaps
liquidity
price efficiency
Online Access:http://hdl.handle.net/10174/24797
Country:Portugal
Oai:oai:dspace.uevora.pt:10174/24797

Internet

http://hdl.handle.net/10174/24797

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