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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)

[5.6] Management and quality studies

Year of publication

2020

Published in

TEST Engineering & Management

Journal year: 2020 | Journal number: vol. 82

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

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Access level to full text

public

Points of MNiSW / journal

5.0

Points of MNiSW / journal in years 2017-2021

5.0