Bannier, Christina E.; Heidorn, Thomas; Vogel, Heinz-Dieter - In: The Journal of Risk Finance 15 (2014) 5, pp. 482-509
(speculative risk-trading or risk-hedging) of the two markets in recent years. Design/methodology/approach – The authors use … the sovereign CDS market more strongly for speculative purposes than for risk-hedging. This shows both in the shift of …. Particularly the sovereign CDS market appears to have shifted from a risk-hedging instrument to being used more strongly for …