Analysing Sovereign Credit Default Swaps of Baltic Countries
نویسندگان
چکیده
منابع مشابه
Sovereign Debt Renegotiation and Credit Default Swaps
A credit default swap (CDS) contract provides insurance against default. After a country defaults, the country and its lenders usually negotiate over the share of the defaulted debt to be repaid. This paper incorporates CDS contracts into a sovereign default model and demonstrates that the existence of a CDS market results in lower default probability, higher debt levels, and lower nancing cost...
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ژورنال
عنوان ژورنال: Verslas: Teorija ir Praktika
سال: 2015
ISSN: 1648-0627,1822-4202
DOI: 10.3846/btp.2015.551