Overpricing in Emerging Market Credit-Default-Swap Contracts : Some Evidence from Recent Distress Cases /
Since recent debt restructurings that constitute credit events have been more frequent than outright defaults, sovereign bond prices may not collapse during distress. In this case, the likely high recovery values after restructuring suggest that the cost of credit-default-swap (CDS) contracts to the...
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| Format: | Zeitschrift |
| Sprache: | English |
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Washington, D.C. :
International Monetary Fund,
2005.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2005/125 |
| Online Zugang: | Full text available on IMF |