Eyssell, Thomas; Fung, Hung-Gay; Zhang, Gaiyan - In: China Economic Review 24 (2013) C, pp. 1-15
We study the determinants of levels and changes of sovereign credit default swap (CDS) spreads in China from January 2001 to December 2010. Both country-specific factors (such as the China stock market index and the real interest rate) and global factors (the U.S. S&P 500 stock option...