Vogel, Heinz-Dieter; Bannier, Christina E.; Heidorn, Thomas - Frankfurt School of Finance and Management - 2013
After the onset of the subprime crisis and the European debt crisis, credit default swaps (CDS) have seen a strong increase in usage. Particularly sovereign CDS protection has been sought after, paralleling the rise in sovereign debt levels, slumps in GDP growth and political tensions in...