Finance and Economics Discussion Series: Credit Derivatives in Banking: Useful Tools for Managing Risk by Gregory R. Duffee, Chunsheng Zhou

Finance and Economics Discussion Series: Credit Derivatives in Banking: Useful Tools for Managing Risk

Gregory R. Duffee, Chunsheng Zhou

34 pages missing pub info (editions)

nonfiction politics
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We model the effects on banks of the introduction of a market for credit derivatives--in particular, credit default swaps. A bank can use such swaps to temporarily transfer credit risks of their loans to others, reducing the likelihood that defaul...

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