Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/210731
Authors: 
Boyarchenko, Nina
Costello, Anna M.
Shachar, Or
Year of Publication: 
2019
Series/Report no.: 
Staff Report No. 879
Abstract: 
The 2007-09 financial crisis highlighted the vulnerability of financial institutions linked by a complex web of credit default swap (CDS) contracts, sparking a wave of regulatory changes to the structure of the market. In this paper, we provide broad evidence on the evolution of the CDS market in the post-crisis period, document the properties of participants' exposures to corporate CDS over time, and study the differential pricing of transactions between different types of counterparties.
Subjects: 
CDS positions
CDS transactions
dealer market power
JEL: 
G10
G12
G19
Document Type: 
Working Paper

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