comprises weekly CDS and bond spreads of ten euro area countries for the period from January 2006 to June 2010. We first compare … the determinants of CDS spreads and bond spreads and test how the crisis has affected market pricing. Then we analyse the … 'basis' between CDS spreads and bond spreads and which factors drive pricing differences between the two markets. Our first …

comprises weekly CDS and bond spreads of ten euro area countries for the period from January 2006 to June 2010. We first compare … the determinants of CDS spreads and bond spreads and test how the crisis has affected market pricing. Then we analyse the … ‘basis' between CDS spreads and bond spreads and which factors drive pricing differences between the two markets. Our first …

This paper provides an empirical test of the demand side of Thakor's (1982) theory of bond insurance signaling, namely … that the insurance premium charged by municipal bond insurers provides a signal to the market that reduces asymmetric …-08 financial crisis. We find empirical evidence consistent with the theory that the bond insurance premium provides a signal to the …

Bond insurance was a small but sophisticated sector of the broader insurance industry. Conceived and created in the … 1970s, bond insurance penetrated more than half of the entire US municipal bond market in the 1990s. This article explains … bond insurance, its rise to prominence, and its sudden and shocking collapse. A diversifying foray of the bond insurers …

Bond insurance was a small but sophisticated sector of the broader insurance industry. Conceived and created in the … 1970s, bond insurance penetrated more than half of the entire US municipal bond market in the 1990s. This article explains … bond insurance, its rise to prominence, and its sudden and shocking collapse. A diversifying foray of the bond insurers …