Ehlers, Stefan; Gürtler, Marc; Olboeter, Sven - Braunschweig / Technische Universität / - 2010
This study examines the lead-lag-relationship between European equity and CDSmarkets in the context of the financial crisis. Previous research identified the stock market tolead the CDS market in an ordinary economic environment. Against the background of ourstudy this lead-lag-relationship...