Credit derivatives and stock return synchronicity
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DOI: 10.1016/j.jfs.2016.12.006
Abstract: The role of credit default swaps (CDS) in the 2008 financial crisis has been widely debated among regulators, investors, and researchers. While CDS were blamed for destabilizing the financial system, they remain effective tools for… read more here.
Keywords: credit; synchronicity; stock return; firm specific ... See more keywords