CDS trading and bond interest rates

C-Tier
Journal: Economics Letters
Year: 2019
Volume: 174
Issue: C
Pages: 52-54

Authors (1)

Caliendo, Frank N. (Utah State University)

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

What is the effect of CDS trading on the bond market? I develop a simple asset pricing model of efficient bond and CDS markets that rationalizes the empirical findings in Ashcraft and Santos (2009) and Subrahmanyam et al. (2014).

Technical Details

RePEc Handle
repec:eee:ecolet:v:174:y:2019:i:c:p:52-54
Journal Field
General
Author Count
1
Added to Database
2026-01-25