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Komponente für einen möglichen Ausfall der Anleihe und eine Komponente, die als Residualspread bezeichnet wird. Zur Erklärung …
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We examine the use of credit default swaps (CDS) in the U.S. mutual fund industry. We find that among the largest 100 corporate bond funds the use of CDS has increased from 20% in 2004 to 60% in 2008. Among CDS users, the average size of CDS positions (measured by their notional values)...
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swap market in its new post-reform set-up? To answer these questions, we combine an institutional and research perspective …
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