Bozidar Bogosavljev
- Mar 20, 2019
Credit Default Swaps: Legal Gambling or Clear Market Manipulation?
Credit default swaps (CDSs), despite being relatively simple-to-understand financial instruments by definition, have become a contentious and misunderstood topic, especially after the 2008 financial crisis. This article aims to examine the nature and intended usage of CDSs, with a particular focus on how creative certain investors have been in their application, and highlight the dangerous economic environment which has been created in the CDS market due, in part, to a lack o