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Autor:
Subasinghage, Shanuka Senarath, Pelma Rajapakse, Jan Job de Vries Robbé, Naveen Wickremeratne, Maduka
Publikováno v:
International Journal of Financial Studies; Volume 10; Issue 4; Pages: 94
A credit default swap (CDS) is a derivative financial instrument that provides insurance against credit risk. CDSs on subprime Asset Backed Securities (ABSs) paved the way for securitizers to hedge the credit risk of the underlying subprime loans dur