This text is for the relation between credit default swap (CDS) spreads and some chosen macro economic data in Turkish … general view of economy except the investee securities. In this study, the relation between the interest rates of CDS spreads … and GDP is determined over time. …

This text is for the relation between credit default swap (CDS) spreads and some chosen macro economic data in Turkish … general view of economy except the investee securities. In this study, the relation between the interest rates of CDS spreads … and GDP is determined over time …

Applied to the European markets, this paper analyzes the price of credit risk on the Credit Default Swap (CDS) and … tendency for CDS markets to lead corporate bond markets in terms of price discovery. We find that the outbreak of the financial … CDS markets becoming more sensitive to systematic risk while cash bond markets priced in more information about liquidity …

Credit default swap (CDS) spreads measure the default risk of the reference entity and have been frequently used in … recent empirical papers. To provide a rigorous econometrics foundation for empirical CDS analysis, this paper applies the … of CDS spreads, and it uses the Phillips-Ouliaris-Hansen tests to determine whether they are cointegrated. The empirical …