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Macroeconomic Conditions and Credit Default Swap Spread 31klnosd4i by Beytullah ONAT is a document available to read on EtoBox.

This study examines the influence of macroeconomic conditions on credit default swap (CDS) spread changes, highlighting that business cycle variables significantly impact CDS spreads, particularly for investment-grade firms. The research finds that these variables have greater explanatory power during pre-crisis and post-crisis periods compared to crisis periods, where traditional factors dominate. Overall, the findings suggest that macroeconomic conditions are crucial in pricing CDS when the underlying ass

Author

Beytullah ONAT

Language

EN