In the age of growing global debt, an increasing uncertainty and perturbations in the financial market, rapid development of credit derivatives is constantly observed. Although credit derivatives market is mainly over-the-counter and is not subject to strict regulatory discipline there is growing interest of credit contract – mainly CDS. This paper brings up a transformation issue of credit derivatives market from 2005 to 2012 and concentrates on the determinants’ analysis of its growth.
PL
Artykuł nie zawiera abstraktu w języku polskim
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