Pan, Wei-Fong; Wang, Xinjie; Wu, Ge; Xu, Weike - 2021
This study examines the effects of the COVID-19 pandemic on sovereign CDS spreads using a large sample of countries. We show how sovereign CDS spreads have widened significantly in response to the COVID-19 pandemic. Based on the most conservative estimate, a 1% increase in COVID-19 infections...
