Dowd, Kevin; Blake, David; Cairns, Andrew; Dawson, Paul - 2005
corresponding author is Professor Kevin Dowd, Centre for Risk and Insur-
ance Studies, Nottingham University Business School … as a financial guaranty or surety bond: a firm might
purchase such insurance to protect itself in the event that its … protect the latter from loss in the event of its own default. SSs
can also be supplemented by credit derivatives that promise …