Firm credit risk in normal times and during the crisis: are banks less risky?

Bank solvency was a major issue during the financial crisis of 2007-2009, but bank credit default swap (CDS) spreads were almost always below nonbank CDS spreads. What is the reason for this gap? Are banks perceived to be less risky? This study empirically decomposes CDS premia for 45 major banks an...

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Bibliographic details
Volume: 47
Main Author: Raunig, Burkhard
Format: Journal Article
Language: English
Zielgruppe: Trade
Place of publication: ABINGDON Routledge 21.05.2015
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Taylor & Francis Group LLC
published in: Applied economics Vol. 47; no. 24; pp. 2455 - 2469
Data of publication: 5/21/2015
ISSN: 0003-6846
1466-4283
EISSN: 1466-4283
Discipline: Economics
Subjects:
CDS
CDS
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2015
Web of Knowledge
Web of Science
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