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150128 ||| eng |
| 020 |
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|a 9781451874006
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| 100 |
1 |
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|a Kiff, John
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| 245 |
0 |
0 |
|a Credit Derivatives
|b Systemic Risks and Policy Options?
|c John Kiff, Jennifer Elliott, Elias Kazarian, Jodi Scarlata, Carolyne Spackman
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2009
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| 300 |
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|a 35 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Institutional Investors
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| 653 |
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|a Credit
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| 653 |
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|a Pension Funds
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| 653 |
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|a Finance
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| 653 |
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|a Monetary economics
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| 653 |
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|a Central counterparty clearing house
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| 653 |
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|a Value of Firms
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| 653 |
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|a Financial Instruments
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Derivative securities
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| 653 |
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|a Non-bank Financial Institutions
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| 653 |
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|a Financial risk management
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| 653 |
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|a Capital and Ownership Structure
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| 653 |
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|a Credit risk
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| 653 |
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|a Goodwill
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Credit default swap
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| 653 |
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|a Banking
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| 653 |
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|a Derivative markets
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| 653 |
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|a Financial Risk and Risk Management
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| 653 |
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|a Financing Policy
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Financial services law & regulation
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| 653 |
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|a Finance: General
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| 653 |
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|a Clearinghouses
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| 700 |
1 |
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|a Elliott, Jennifer
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| 700 |
1 |
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|a Kazarian, Elias
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| 700 |
1 |
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|a Scarlata, Jodi
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781451874006.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2009/254/001.2009.issue-254-en.xml?cid=23402-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Credit derivative markets are largely unregulated, but calls are increasingly being made for changes to this "hands off" stance, amidst concerns that they helped to fuel the current financial crisis, or that they could be a cause of the next one. The purpose of this paper is to address two basic questions: (i) do credit derivative markets increase systemic risk; and (ii) should they be regulated more closely, and if so, how and to what extent? The paper begins with a basic description of credit derivative markets and recent events, followed by an assessment of their recent association with systemic risk. It then reviews and evaluates some of the authorities' proposed initiatives, and discusses some alternative directions that could be taken
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