Freeman, Mark C.; Cox, Paul R.; Wright, Brian - In: Managerial Finance 32 (2006), pp. 761-773
Purpose –This paper aims to explore the possible use of credit derivatives by corporate treasurers. Corporations have … example, interest rate and foreign exchange risk. Credit risk, on the other hand, has proven a more difficult animal to tame …. Whilst avenues for the management of credit risk do exist, for example, by the use of traditional insurance products and …