Credit derivatives and emerging markets - New tools for managing sovereign risk

被引：0
|
作者：
Neal, R [1 ]
机构：
[1] Indiana Univ, Kelley Sch Business, Bloomington, IN 47405 USA
来源：
FINANCIAL INNOVATIONS AND THE WELFARE OF NATIONS: HOW CROSS-BORDER TRANSFERS OF FINANCIAL INNOMVATIONS NURTURE EMERGING CAPITAL MARKETS | 2001年
关键词：
credit risk; emerging markets; credit derivatives (JEL: G15; H63);
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This chapter examines recent developments in the management of emerging-market credit risk. Traditional strategies for managing credit exposure often provide insufficient protection. In general, better protection can be obtained by using credit derivatives, derivative contracts whose payoff is linked to the performance of credit-sensitive assets. This chapter discusses alternative types of credit derivatives, as well as their application to managing credit risk in emerging markets.
引用
收藏
页码：339 / 355
页数：17
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