Overview

This book, unique in its composition, reviews the academic empirical literature on how CDSs actually work in practice, including during distressed times of market crises. It also discusses the mechanics of single-name and index CDSs, the theoretical costs and benefits of CDSs, as well as comprehensively summarizes the empirical evidence on important aspects of these instruments of risk transfer. Full-time academics, researchers at financial institutions, and students will benefit from the dispassionate and comprehensive summary of the academic literature; they can read this book instead of identifying, collecting, and reading the hundreds of academic articles on the important subject of credit risk transfer using derivatives and benefit from the synthesis of the literature provided.

Full Product Details

Author:   Christopher L. Culp ,  Andria van der Merwe ,  Bettina J. Stärkle
Publisher:   Springer Nature Switzerland AG
Imprint:   Springer Nature Switzerland AG
Edition:   Softcover reprint of the original 1st ed. 2018
Dimensions:   Width: 14.80cm , Height: 2.00cm , Length: 21.00cm
Weight:   0.486kg
ISBN:  

9783030065805

ISBN 10:   3030065804
Pages:   331
Publication Date:   30 January 2019
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Part I: The CDS Market and Product Mechanics.- Chapter 1: Overview of CDS Products and Market Activity.- Chapter 2: Single-Name CDSs.- Chapter 3: Loan-Only CDSs.- Chapter 4: Multi-Name and Index CDSs.- Chapter 5: Asset-Backed CDSs.- Chapter 6: CDS Execution and Clearing Mechanisms.- Part II:  Potential Benefits and Costs of CDSs.- Chapter 7: Potential Benefits of CDSs.- Chapter 8: Potential Costs of CDSs.- Part III:  Empirical Evidence on the Benefits, Costs, and Inter-Market Relations of CDSs.- Chapter 9: The Informational Content of CDS Spreads.- Chapter 10: Implications of CDS Listings for Reference Entities and Creditors.- Chapter 11: Inter-Market Basis Relations.- Chapter 12: Inter-Connectedness and Systemic Risk.- Appendix 1: Research Methodology.- Appendix 2: Additional Tables.

Reviews

Author Information

Christopher L. Culp, Ph.D., is a Research Fellow at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, an Adjunct Professor at both the Swiss Finance Institute and Universität Bern, a Senior Affiliate with Compass Lexecon, and Managing Director of Financial Economics Consulting, Inc.  Andria van der Merwe, Ph.D., is a Senior Vice President at Compass Lexecon and a  Research Fellow at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.  Bettina Stӓrkle, M.Sc., is an Economist with Compass Lexecon. 

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions