Credit Default Swaps and their Role in the Financial Crisis

Klaus Schütz (Autor)

Buch | Softcover

16 Seiten

2012 | 2. Aufl.
GRIN Verlag
978-3-656-25512-3 (ISBN)

Titel nicht im Sortiment

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Seminar paper from the year 2011 in the subject Economics - Finance, grade: A, Union Graduate College, course: Money, Markets and Banking, language: English, abstract: A credit default swap is essentially an insurance contract to hedge credit risk. It is a type of derivative whose value depends on the likelihood of a company defaulting. In this type of derivative two parties enter a contract where one party agrees to pay another in the event of a company defaulting on bond payments (also known as a credit event) for a premium or spread. CDS played a pivotal role in the recent financial crisis. It is also due to CDS that the crisis in the US housing market grew to a danger for the global capital markets. They were mainly responsible for the fall of insurance giant AIG and other turmoil over the course of the financial crisis. In this paper the nature and history of CDS is examinzed and their role in the financial crisis analyzed.

Erscheint lt. Verlag	11.8.2012
Reihe/Serie	Akademische Schriftenreihe
Reihe/Serie	e-fellows.net stipendiaten-wissen
Sprache	englisch
Maße	148 x 210 mm
Gewicht	39 g
Themenwelt	Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Familienrecht
Themenwelt	Wirtschaft ► Volkswirtschaftslehre
Schlagworte	CapitalMarkets • CDs • CreditDefaultSwaps • Derivatives • financialcrisis
ISBN-10	3-656-25512-1 / 3656255121
ISBN-13	978-3-656-25512-3 / 9783656255123
Zustand	Neuware