Read Overpricing in Emerging Market Credit-Default-Swap Contracts: Some Evidence from Recent Distress Cases

Overpricing in Emerging Market Credit-Default-Swap Contracts: Some Evidence from Recent Distress Cases

Jochen R. Andritzky

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Description:Since recent debt restructurings that constitute credit events have been more frequent than outright defaults, sovereign bond prices may not collapse during distress. In this case, the likely high recovery values after restructuring suggest that the cost of credit-default-swap (CDS) contracts to the buyer (as measured by CDS spreads) may be higher than warranted. We estimate the extent of such overpricing by using the cheapest-to-deliver (CTD) bond as a proxy for the recovery-value assumption.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Overpricing in Emerging Market Credit-Default-Swap Contracts: Some Evidence from Recent Distress Cases. To get started finding Overpricing in Emerging Market Credit-Default-Swap Contracts: Some Evidence from Recent Distress Cases, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 15

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2005

ISBN: 6613822655

Description: Since recent debt restructurings that constitute credit events have been more frequent than outright defaults, sovereign bond prices may not collapse during distress. In this case, the likely high recovery values after restructuring suggest that the cost of credit-default-swap (CDS) contracts to the buyer (as measured by CDS spreads) may be higher than warranted. We estimate the extent of such overpricing by using the cheapest-to-deliver (CTD) bond as a proxy for the recovery-value assumption.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Overpricing in Emerging Market Credit-Default-Swap Contracts: Some Evidence from Recent Distress Cases. To get started finding Overpricing in Emerging Market Credit-Default-Swap Contracts: Some Evidence from Recent Distress Cases, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Overpricing in Emerging Market Credit-Default-Swap Contracts: Some Evidence from Recent Distress Cases

Overpricing in Emerging Market Credit-Default-Swap Contracts: Some Evidence from Recent Distress Cases

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