Griffin, Paul A.; Cahan, Steven - In: Accounting and Finance 54 (2014) 3, pp. 847-883
type="main" xml:id="acfi12092-abs-0001" <title type="main">Abstract</title> <p>The market for credit default swaps has developed into a well-functioning, global multi-trillion dollar market, wherein investors price and transfer corporate financial instruments on the basis of credit risk. This paper first summarizes the...</p>