Are the U.S. Stock Market and Credit Default Swap Market Related?

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Boarding a Sinking Ship? An Investigation of Job Applications to Distressed Firms (2016, background): “17 Papers studying the relationship between the stock and CDS markets include Longstaff et al. (2003), Fung et al. (2008), Forte and Pena (2009), and Norden and Weber (2009).”