Credit Derivatives : Systemic Risks and Policy Options?

Systemic Risks and Policy Options?

Credit Derivatives : Systemic Risks and Policy Options?
Credit derivative markets are largely unregulated, but calls are increasingly being made for changes to this "hands off" stance, amidst concerns that they helped to fuel the current financial crisis, or that they could be a cause of the next one. The purpose of this paper is to address two basic questions: (i) do credit derivative markets... READ MORE...

Publication date: November 2009
ISBN 9781451874006
$18.00

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