Credit Derivatives and Structured Credit: The Nascent Markets of Asia and the Pacific

Remolona, Eli M.; Shim, Ilhyock

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Credit Derivatives and Structured Credit: The Nascent Markets of Asia and the Pacific

BIS Quarterly Review, June 2008

9 Pages Posted: 15 Jul 2012

See all articles by Eli M. Remolona

Eli M. Remolona

Bank for International Settlements (BIS) - Monetary and Economic Department

Ilhyock Shim

Bank for International Settlements (BIS)

Date Written: June 9, 2008

Abstract

Nascent markets for credit derivatives and structured credit in Asia and the Pacific were poised for rapid growth when the global financial turmoil hit. While there has been no significant deterioration in the quality of the underlying names, credit markets in the region have been swept up in the global widening of spreads and aversion to structured finance.

JEL Classification: G12, G13, G15

Suggested Citation: Suggested Citation

Remolona, Eli M. and Shim, Ilhyock, Credit Derivatives and Structured Credit: The Nascent Markets of Asia and the Pacific (June 9, 2008). BIS Quarterly Review, June 2008, Available at SSRN: https://ssrn.com/abstract=1517668