Understanding credit derivatives and their potential to synthesize riskless assets

The credit derivatives market is emerging as a potentially important new development that may help shape the overall financial markets in the years to come. In this paper, I provide a brief overview of the credit derivatives market and assess its future potential in the creation of private-sector instruments that are virtually free of default risk, and, thus, may be appealing to investors who currently favor the safety of U.S. Treasury securities.

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Year of publication:	2001
Authors:	Bomfim, Antulio N.
Institutions:	Federal Reserve Board (Board of Governors of the Federal Reserve System)
Subject:	Credit \| Risk \| Derivative securities

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Extent:	text/html application/pdf
Series:	Finance and Economics Discussion Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2001-50
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005721158