Saturday, May 26, 2012

Credit Default Swaps

Credit Default Swaps

Credit Default Swaps

Derivative Contracts Articles

Authors

In the credit default swap, banks buy default protection from the counterparties by paying a premium when the swap is initiated.
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Research Papers

Valuing Credit Default Swaps I: No Counterparty Default Risk,.
Journal of Derivatives, Vol. 8, No. 1, (Fall 2000), pp. 29-40 (John Hull with Alan White)


Valuing Credit Default Swaps II: Modeling Default Correlations,
Journal of Derivatives, Vol. 8, No. 3, (Spring 2001), pp. 12-22 (John Hull with Alan White)
THE RELATIONSHIP BETWEEN CREDIT DEFAULT SWAP SPREADS, BOND YIELDS, AND CREDIT RATING ANNOUNCEMENTS
Hull et al.
Bond Prices, Default Probabilities, and Risk Premiums
Journal of Credit Risk, Vol 1, No. 2 (Spring 2005), 53-60 (John Hull with Mirela Predescu and Alan White)

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