A Look Under the Hood: How Banks Use Credit Default Swaps

Posted: 22 Oct 2016

See all articles by Cecilia Caglio

Cecilia Caglio

Board of Governors of the Federal Reserve System

R. Matthew Darst

affiliation not provided to SSRN

Eric Parolin

Office of Financial Research

Date Written: December 22, 2016

Abstract

The credit default swap (CDS) market is often regarded as one of the most influential financial market innovations to occur in the past 20 years.

Suggested Citation

Caglio, Cecilia and Darst, R. Matthew and Parolin, Eric, A Look Under the Hood: How Banks Use Credit Default Swaps (December 22, 2016). FEDS Notes No. 2016-12-22-1 https://doi.org/10.17016/2380-7172.1865 , Available at SSRN: https://ssrn.com/abstract=3712583

Cecilia Caglio (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

R. Matthew Darst

affiliation not provided to SSRN

No Address Available

Eric Parolin

Office of Financial Research ( email )

717 14th Street, NW
Washington, DC 20220
United States

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