Esen, Sinan; Zeren, Feyyaz; Halil; Scedil; imdi - In: South-Eastern Europe Journal of Economics 13 (2015) 1, pp. 31-46
In recent years, the spreads of CDS that are crucial aspects in detecting the financial risk level of countries have been taken more notice of by investors. In this paper, we investigate the relation between CDS spreads and countries' stock indices by using Basher and Westerlund (2009) panel...