Read Credit Default Swaps: A Survey (Foundations and Trends(r) in Finance) book online now. You also can download other books, magazine and also comics. Get online Credit Default Swaps: A Survey (Foundations and Trends(r) in Finance) today. Are you Looking Download or read Credit Default Swaps: A Survey (Foundations and Trends(r) in Finance) for free..? enjoy it.
Credit Default Swaps: A Survey is the most comprehensive review of all major research domains involving credit default swaps (CDS). CDS have been growing in importance in the global financial markets. However, their role has been hotly debated, in industry and academia, particularly since the credit crisis of 2007-2009. The authors review the extant literature on CDS that has accumulated over the past two decades and divide the survey into seven topics after providing a broad overview in the introduction. The second section traces the historical development of CDS markets and provides an introduction to CDS contract definitions and conventions. The third section discusses the pricing of CDS, from the perspective of no-arbitrage principles, structural, and reduced-form credit risk models. It also summarizes the literature on the determinants of CDS spreads, with a focus on the role of fundamental credit risk factors, liquidity and counterparty risk. The fourth section discusses how th
