Title
Credit Default Swap as an instrument for risk management
Authors
[ 1 ] Instytut Logistyki, Wydział Zarządzania i Dowodzenia, Akademia Sztuki Wojennej | [ P ] employee
Scientific discipline (Law 2.0)
Year of publication
2020
Published in
Article type
scientific article
Publication language
english
Keywords
EN
- Credit default swap
- Financial risk management
- Swap
PL
- Ryzyko finansowe
- Ryzyko kredytowe
- Swapy
- Zarządzanie ryzykiem
Abstract
EN The growing market economy poses new challenges in economics and management. Risk is one of the fundamental problems that has long troubled researchers, practitioners and ordinary investors. A concept so complex and ambiguous that it has not been possible for centuries to develop its single objective definition. Credit instruments are a relatively new branch of derivatives on the credit risk trading market. Financial markets have developed credit default swaps as a flexible investment risk hedge instrument that can be traded. The increasing use of CDS in determining investment risk associated with debt has raised concerns about the speculative nature of this financial instrument and the impact it may have on financial markets. The purpose of the article is to explain the basics of the mechanism of functioning of credit default swap as a modern financial instrument which, in addition to its advantages, may also have disadvantages.
Date of online publication
03.02.2020
Pages (from - to)
7424 - 7428
Open Access Mode
open journal
Open Access Text Version
final published version
Date of Open Access to the publication
at the time of publication
Full text of article
Access level to full text
public
Ministry points / journal
5
Ministry points / journal in years 2017-2021
5
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