{"title":"21世纪的信用违约互换与金融风险","authors":"Karin Martín-Bujack, M. T. Corzo","doi":"10.2139/SSRN.2752073","DOIUrl":null,"url":null,"abstract":"In this paper we pay tribute to one of the most successful financial innovations in recent times: the Credit Default Swap (CDS). Through a literature review on financial risks from 2000-2015 we develop a conceptual map to assess the importance and evolution of the CDS, along with the consequences of its use. CDSs emerge as a powerful and meaningful financial instrument. Given the CDS’s versatility, the 21 st -century literature about the CDS and its usefulness is very extensive, rendering the CDS a valuable guide with which to investigate the financial risks that have worried researchers, regulators and all of the participants in the financial system","PeriodicalId":177064,"journal":{"name":"ERN: Other Econometric Modeling: Derivatives (Topic)","volume":"43 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2016-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Credit Default Swaps and Financial Risks in the 21st Century\",\"authors\":\"Karin Martín-Bujack, M. T. Corzo\",\"doi\":\"10.2139/SSRN.2752073\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In this paper we pay tribute to one of the most successful financial innovations in recent times: the Credit Default Swap (CDS). Through a literature review on financial risks from 2000-2015 we develop a conceptual map to assess the importance and evolution of the CDS, along with the consequences of its use. CDSs emerge as a powerful and meaningful financial instrument. Given the CDS’s versatility, the 21 st -century literature about the CDS and its usefulness is very extensive, rendering the CDS a valuable guide with which to investigate the financial risks that have worried researchers, regulators and all of the participants in the financial system\",\"PeriodicalId\":177064,\"journal\":{\"name\":\"ERN: Other Econometric Modeling: Derivatives (Topic)\",\"volume\":\"43 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2016-03-20\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: Other Econometric Modeling: Derivatives (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/SSRN.2752073\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Other Econometric Modeling: Derivatives (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.2752073","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Credit Default Swaps and Financial Risks in the 21st Century
In this paper we pay tribute to one of the most successful financial innovations in recent times: the Credit Default Swap (CDS). Through a literature review on financial risks from 2000-2015 we develop a conceptual map to assess the importance and evolution of the CDS, along with the consequences of its use. CDSs emerge as a powerful and meaningful financial instrument. Given the CDS’s versatility, the 21 st -century literature about the CDS and its usefulness is very extensive, rendering the CDS a valuable guide with which to investigate the financial risks that have worried researchers, regulators and all of the participants in the financial system
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