Insider trading in the credit derivatives market has become a significant concern for regulators and participants. This … report evidence of significant incremental information revelation in the credit default swap (CDS) market, consistent with … affects prices or liquidity in either the equity or credit markets. If anything, with regard to liquidity, the reverse appears …

140% of exports. Second, we depart from reduced form growth regressions and perform direct tests of the theory on the thus …

We show that financial sector bailouts and sovereign credit risk are intimately linked. A bailout benefits the economy … two-way feedback between financial and sovereign credit risk using data on the credit default swaps (CDS) of the Eurozone …, the latter being consistent with an effect of the quality of sovereign guarantees on bank credit risk. …

We analyze credit default swap settlement auctions theoretically and evaluate them empirically. In our theoretical …

In this paper, we empirically investigate the impact of the credit risk of Eurozone member countries on the stability … of the Euro. In the absence of a common euro bond, euro-area credit risk is induced though the credit default swaps of … member countries have significant impact on the stability of the euro. In particular, an increase in member countries’ credit …

This Paper analyses the response of stock and credit default swap (CDS) markets to rating announcements by the three …