Flavin, Thomas
(2010)
Credit Default Swaps on Government Debt:
Mindless Speculation?
Notes from the Vault, Cenfis, Federal reserve Bank of Atlanta.
pp. 1-5.
Abstract
Credit default swaps (CDSs) continue to be controversial, with concern that trades in them drive prices
of government debt down.
Evidence from the CDS spread for one country—Ireland—indicates that its CDS spread has been
reacting to news about developments in Ireland, Greece, and the European Union.
This examination of Ireland’s CDS spreads is consistent with the proposition that the spreads reflect
fundamental developments, not mindless speculation.
| Item Type: |
Article
|
| Keywords: |
Credit; Default; Government; Debt;
Mindless; Speculation; |
| Academic Unit: |
Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: |
8451 |
| Depositing User: |
Thomas Flavin
|
| Date Deposited: |
12 Jul 2017 15:07 |
| Journal or Publication Title: |
Notes from the Vault, Cenfis, Federal reserve Bank of Atlanta |
| Publisher: |
Federal Reserve Bank of Atlanta’s Center for Financial Innovation and Stability |
| Refereed: |
Yes |
| URI: |
|
| Use Licence: |
This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available
here |
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