Credit default swaps, exacting creditors and corporate liquidity management
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DOI: 10.1016/j.jfineco.2017.02.001
Abstract: We investigate the liquidity management of firms following the inception of credit default swaps (CDS) markets on their debt, which allow hedging and speculative trading on credit risk to be carried out by creditors and… read more here.
Keywords: default swaps; liquidity; credit; credit default ... See more keywords