Berg, Tobias (contributor); Kaserer, Christoph (contributor) - 2008
WORKING PAPER SERIES
Center for Entrepreneurial and
Financial Studies … restriction.
36We choose this as an example, since 5-year CDS are the most liquid ones usually used in empirical studies, cf. for … predefined premium (usually quarterly) to
the protection seller. In case of a credit event, the protection seller has to cover …