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...
|Main Author:||Raunig, Burkhard|
|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|
|Database:||Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2015
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