Credit default swaps and firm cyclicality
We find firm cyclicality decreases by 40% after the inception of credit default swap (CDS)
trading. The effect stems from CDS firms' less aggressive asset growth in good times and is …
trading. The effect stems from CDS firms' less aggressive asset growth in good times and is …
Dark knights: The rise in firm intervention by credit default swap investors
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 …
sellers intervene in the restructuring of a distressed firm. We show theoretically that this can …
CDS and Credit: The Effect of the Bangs on Credit Insurance, Lending and Hedging
We assess the differential impact of the “Big Bang” and “Small Bang” contract and
convention changes on market participants across CDS markets. We couple comprehensive …
convention changes on market participants across CDS markets. We couple comprehensive …
Credit Risk Premiums of European Companies
T Jopp - Essays on Risk Premiums derived from Credit Default …, 2024 - Springer
This chapter examines the credit risk premiums of 131 European companies as the
difference between their CDS spreads and expected losses. The period between September …
difference between their CDS spreads and expected losses. The period between September …
Essays on Risk Premiums derived from Credit Default Swap Spreads
T Jopp - Springer
Essays on Risk Premiums derived from Credit Default Swap Spreads Page 1 Essays on Risk
Premiums derived from Credit Default Swap Spreads Thomas Jopp Finanzwirtschaft und …
Premiums derived from Credit Default Swap Spreads Thomas Jopp Finanzwirtschaft und …