Object
Title: The sovereign credit default swap market – is there anything to be afraid of? A comparison of selected central and western european economies
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Description:
Argumenta Oeconomica, 2019, Nr 2 (43), s. 137-167
Abstrakt:
The paper concentrates on the impact of sovereign CDS (sCDS) on other financial markets within a country, and tests whether the impact changed after imposing the ban on trade of the non-covered sCDS in Europe (November 2012). The European sCDS of Poland, Hungary, and the Czech Republic (emerging markets) as well as Sweden and the United Kingdom (developed markets) are analysed over the period of 2008-2013. We investigate the influence between the sCDS and the foreign exchange market, sCDS and sovereign bonds, as well as sCDS and stock exchanges. The results vary depending on the liquidity and maturity of the analysed markets, indicating that the Central European markets used to be more prone to sunspots and volatility transmission than the Western ones. The study suggests that in most cases the impact of the CDS on other financial markets diminished after November 2012 and that the markets of speculative investment grade contributed most to the ban
Publisher:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
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Resource Identifier:
doi:10.15611/aoe.2019.2.06 ; oai:dbc.wroc.pl:73315
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Relation:
Argumenta Oeconomica, 2019, Nr 2 (43)
Rights:
Wszystkie prawa zastrzeżone (Copyright)
Access Rights:
Dla wszystkich w zakresie dozwolonego użytku
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Object collections:
- Dolnośląska Biblioteka Cyfrowa > Uczestnicy Konsorcjum > 04. Uniwersytet Ekonomiczny we Wrocławiu > Czasopisma wydawane przez Wydawnictwo UEW > Argumenta Oeconomica
- Dolnośląska Biblioteka Cyfrowa > Zasoby > 2. Czasopisma > Czasopisma współczesne
Last modified:
Nov 15, 2019
In our library since:
Nov 15, 2019
Number of object content hits:
9
All available object's versions:
https://www.dbc.wroc.pl/publication/141940
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Argumenta Oeconomica
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Argumenta Oeconomica, 1995, No 1
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Argumenta Oeconomica, 1996, No 2
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Argumenta Oeconomica, 1996, No 3
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Argumenta Oeconomica, 1997, No 1 (4)
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Argumenta Oeconomica, 1997, No 2 (5)
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Argumenta Oeconomica, 1998, No 1-2 (6)
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Argumenta Oeconomica, 1999, No 1 (7)
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Argumenta Oeconomica, 1999, No 2 (8)
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Argumenta Oeconomica, 2000, No 1-2 (9)
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Argumenta Oeconomica, 2001, No 1 (10)
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Argumenta Oeconomica, 2001, No 2 (11)
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Argumenta Oeconomica, 2002, No 1 (12)
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Argumenta Oeconomica, 2002, No 2 (13)
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Argumenta Oeconomica, 2003, No 1-2 (14)
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Argumenta Oeconomica, 2004, No 1 (15)
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Argumenta Oeconomica, 2004, No 2 (16)
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Argumenta Oeconomica, 2005, No 1-2 (17)
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Argumenta Oeconomica, 2006, No 1-2 (18)
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Argumenta Oeconomica, 2007, No 1-2 (19)
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Argumenta Oeconomica, 2008, No 1 (20)
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Argumenta Oeconomica, 2008, No 2 (21)
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Argumenta Oeconomica, 2009, No 1 (22)
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Argumenta Oeconomica, 2010, No 1 (24)
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Argumenta Oeconomica, 2010, No 2 (25)
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Argumenta Oeconomica, 2011, Nr 1 (26)
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Argumenta Oeconomica, 2018, Nr 1 (40)
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Argumenta Oeconomica, 2018, Nr 2 (41)
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Argumenta Oeconomica, 2019, Nr 1 (42)
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Argumenta Oeconomica, 2019, Nr 2 (43)
- Spis treści [Argumenta Oeconomica, 2019, Nr 2 (43)]
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Argumenta Oeconomica, 1995, No 1
