Counterparty risk and contract volumes in the credit default swap market

After more than a decade of rapid growth, the volume of outstanding credit default swaps peaked at almost $60 trillion at the end of 2007. Since then it has nearly halved, while turnover has continued to rise. The decline in volumes outstanding reflects intensified efforts to reduce counterparty risk, which have eliminated more than $65 trillion of offsetting positions.

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Year of publication:	2010
Authors:	Vause, Nicholas
Published in:	BIS Quarterly Review. - Bank for International Settlements (BIS). - 2010, December
Publisher:	Bank for International Settlements (BIS)

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	G23 - Pension Funds; Other Private Financial Institutions ; G28 - Government Policy and Regulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008763369