During the recent debt crisis in Europe, policy makers responded to the controversy surrounding CDS by implementing a series of policies that banned CDS trading. Sambalaibat (2014) documents that a temporary CDS ban increased bond market liquidity but a permanent ban instead decreased bond market liquidity. To explain these patterns, I build a search-theoretic model of OTC bond and CDS markets ...

We provide an inventory of existing forms of transparency in CDS markets and discuss methods that may be used to increase transparency as well as their benefits and costs. In particular, we attempt to identify to whom such benefits and costs accrue (broker-dealers, end users, etc). We argue that increased market transparency has a cost, which must be weighed against its benefits in terms of mar...

We present benchmark simulations for the 8:1 di erentially heated cavity problem, the focus of a special session at the rst MIT conference on Computational Fluid and Solid Mechanics in June 2001. The numerical scheme is a fourth-order nite di erence method based on the vorticity-stream function formulation of the Boussinesq equations. The momentum equation is discretized by a compact scheme wit...

Abstract The main goal of this paper is to developed a high-order and accurate method for the solution one-dimensional generalized Burgers-Fisher with Numman boundary conditions. We combined between fourth-order compact finite difference scheme spatial part diagonal implicit Runge Kutta in temporal part. In addition, we discretized points by using terms fourth order accuracy. This combine leads...