THE ROLE OF CREDIT DEFAULT SWAPS (CDS) IN THE GLOBAL FINANCIAL CRISIS
DOI:
https://doi.org/10.17721/apmv.2012.106.2.Abstract
This article considers the essence of credit default swaps (CDS), as a new tool
for hedging risks, market development of CDS contracts during 2001-2010, and the
role of CDS in the global financial crisis.
Keywords: Credit default swaps (CDS), buyer of CDS, seller of CDS, spread,
credit event, default, insurance contract, and mortgage-backed security.
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2014-01-20
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