This study assesses systemic risk in the US credit default swap (CDS) market. After the bankruptcy of Lehman Brothers, the market introduced risk mitigation tools, such as central clearing and portfolio compression in addition to existing netting and collateralization. Because CDSs typically...

Novel Coronavirus disease (COVID–19) is one of the worst pandemics in human history. Our research objective is to assess the contagion effect on the Japanese stock market and to evaluate the Japanese government's COVID–19 measures during the period of April 7, 2020 to May 25, 2020. In this...