Credit default swaps – characteristics and interrelations with european capital markets
| Autor: | Paskaleva, M.G. |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
developed capital markets
emerging markets корреляция неразвитые рынки капитала нерозвинені ринки капіталу financial crisis развитые рынки капитала фінансова криза undeveloped capital markets credit default swaps кредитні дефолтні свопи развивающиеся рынки кредитные дефолтные свопы розвинені ринки капіталу correlation кореляція ринки що розвиваються финансовый кризис |
| Popis: | The recent financial crisis in Europe has an interesting development. It appeared as a bank phenomenon in the private sector, spilled in the public and turned into European debt crisis. Although, credit default swaps represent a fraction of derivatives markets, their significance and liquidity has increased significantly especially for developed countries. The main purpose of this article is to establish whether the degree of information efficiency, related to the interrelation between CDS market and developed capital markets is more significant than in the countries with undeveloped capital market. The major research methods used in this work are correlation analysis and Granger Causality Test. |
| Databáze: | OpenAIRE |
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