What Explains Credit Default Swaps Bid-Ask Spread?

• المؤلف الرئيسي: CHEN, Yaru
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2007
• الموضوعات: Bid-Ask Spread; Credit Default Swaps; Liquidity; Portfolio and Security Analysis
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/etd_coll/50; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1049&context=etd_coll

The pace at which the Credit default swaps (CDS) has been growing since its inception topped all projections. Despite the rapid growth, there is still room for enhancement of liquidity in the CDS market. Asymmetric information is another concern of investors in CDS market, however, some literature a...