Credit default swaps – characteristics and interrelations with european capital markets

Paskaleva, M.G.

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Title	Credit default swaps – characteristics and interrelations with european capital markets
Authors	Paskaleva, M.G.
ORCID
Keywords	фінансова криза финансовый кризис financial crisis кредитні дефолтні свопи кредитные дефолтные свопы credit default swaps розвинені ринки капіталу развитые рынки капитала developed capital markets нерозвинені ринки капіталу неразвитые рынки капитала undeveloped capital markets ринки, що розвиваються развивающиеся рынки emerging markets кореляція корреляция correlation
Type	Article
Date of Issue	2017
URI	http://essuir.sumdu.edu.ua/handle/123456789/55514
Publisher	Sumy State University
License	Copyright not evaluated
Citation	Paskaleva, M.G. Credit Default Swaps – characteristics and interrelations with European capital markets [Електронний ресурс] / M.G. Paskaleva // Управління економічними процесами. - 2017. - №1(14). -http://epm.fem.sumdu.edu.ua/download/2017_1/epm2017_1_6.pdf
Abstract	The recent financial crisis in Europe has an interesting development. It appeared as a bank phenomenon in the private sector, spilled in the public and turned into European debt crisis. Although, credit default swaps represent a fraction of derivatives markets, their significance and liquidity has increased significantly especially for developed countries. The main purpose of this article is to establish whether the degree of information efficiency, related to the interrelation between CDS market and developed capital markets is more significant than in the countries with undeveloped capital market. The major research methods used in this work are correlation analysis and Granger Causality Test.
Appears in Collections:	Economic Processes Management (Управління економічними процесами)