Credit default swaps (CDS) have grown to be a multi-trillion-dollar, globally important
market. The academic literature on CDS has developed in parallel with the market practices …

Before I proceed with this argument, let me disclose in some detail the logic of
conceptualization and reasoning I will deploy. As mentioned in the introduction, this chapter …

Credit default swaps (CDS) have been growing in importance in the global financial
markets. However, their role has been hotly debated, in industry and academia, particularly …

We provide a synthesis of the empirical evidence on market liquidity. The liquidity
measurement literature has established standard measures of liquidity that apply to broad …

As one of the most important financial innovations in the last two decades, credit default
swap (CDS) contracts have been initiated and actively traded in the market to hedge against …

We study the effect of credit default swaps (CDSs) on the bond market. Using a
comprehensive sample of US corporate bonds, we document that the presence of CDSs …

Kredi türevleri kredi riskinden korunmak amacıyla başvurulan türev enstrümanlardır. Kredi
temerrüt swapları ise kredi türevleri arasında en çok tercih edilen kontratlar olarak karşımıza …

The misalignment of corporate bond and credit default swap spreads (the CDS-bond basis)
during the 2008 financial crisis is often attributed to corporate bond dealers' failure to …

This paper shows that credit default swaps (CDS) can affect the type of debt firms issue.
Firms face a trade‐off between investment scale and the cost of capital measured by the …

The misalignment between corporate bond and credit default swap (CDS) spreads (ie,
CDSbond basis) during the 2007-09 financial crisis is often attributed to corporate bond …