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Efficiency of functioning of the market of credit default swaps in the financial crisis period of 2008–2009


Vyacheslav Bunykov
(about the author)

Bunykov Vyacheslav Sergeevich – Applicant of Stock-Exchange Industry and Securities Academic Department, Plekhanov Russian University of Economics, Moscow

Published in:
Russian Journal of Entrepreneurship
– № 20 / October, 2013



Keywords: credit default swap, crisis, debt, derivative financial instruments, risks


Citation:
Vyacheslav Bunykov (2013). Efficiency of functioning of the market of credit default swaps in the financial crisis period of 2008–2009. Russian Journal of Entrepreneurship, 14(20), 82-88. — url: http://bgscience.ru/com/lib/4412


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Abstract:

The article provides the analysis of activity of the largest banks Lehman Brothers and Washington Mutual (WaMu) during the 2008 crisis. The situation with the debt crisis in Greece in 2012 is considered. The author presents data on gross volume of CDS contracts and the actual amount of benefits after the occurrence of a credit event as for several of the largest companies. Also, the author substantiated the CDS market efficiency.







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