Credit derivatives and risk management

Article, Preprint OPEN
Michael S. Gibson; (2007)
  • Subject: Credit derivatives ; Risk | Risk management ; Credit derivatives

The striking growth of credit derivatives suggests that market participants find them to be useful tools for risk management. I illustrate the value of credit derivatives with three examples. A commercial bank can use credit derivatives to manage the risk of its loan po... View more
  • References (1)

    Gregory, Jon and Jean-Paul Laurent (2004), “In the core of correlation,” Risk, October 2004.

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