Showing 1 - 10 of 261,714
Persistent link: https://www.econbiz.de/10000872862
Persistent link: https://www.econbiz.de/10014562780
Persistent link: https://www.econbiz.de/10009789480
Persistent link: https://www.econbiz.de/10014259160
Persistent link: https://www.econbiz.de/10000862147
Persistent link: https://www.econbiz.de/10003771265
Persistent link: https://www.econbiz.de/10003279245
This paper examines the potential distortion of prices in the CDS market caused by too-big-to-fail. Overall, we find evidence for market discipline in the CDS market. However, CDS prices are distorted due to a size effect which arises when investors expect a public bail-out as a result of...
Persistent link: https://www.econbiz.de/10003846898