Credit default swaps and regulatory capital relief
Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid
Fersiynau electronig
Dangosydd eitem ddigidol (DOI)
In a sample of European banks, we find that credit defaults swaps (CDS) are used for regulatory arbitrage to lower capital requirements and facilitate greater risk taking. Moreover, CDS-using banks generate higher returns on capital from the lower risk weighted assets they hold relative to banks that do not use CDS.
| Iaith wreiddiol | Saesneg |
|---|---|
| Tudalennau (o-i) | 255-260 |
| Cyfnodolyn | Finance Research Letters |
| Cyfrol | 26 |
| Rhif y cyfnodolyn | 9 |
| Dynodwyr Gwrthrych Digidol (DOIs) | |
| Statws | Cyhoeddwyd - Medi 2018 |