D'Errico, Marco; Battiston, Stefano; Peltonen, Tuomas; … - 2016
We develop a framework to analyse the Credit Default Swaps (CDS) market as a network of risk transfers among …-tie network architecture to endogenously emerge as a result of intermediation. This architecture shows three distinct sets of … fragmented network structures. Empirically, we analyse a unique global dataset of bilateral CDS exposures on major sovereign and …