Credit Default Swaps and the Empty Creditor Problem

By Patrick Bolton, Martin Oehmke. 2011

295 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/417bcf8d26e716409906faba6d4492a2507a74ae

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Sarah Qian Wang
2. Patrick Augustin
3. Heather Tookes
4. Marti G. Subrahmanyam
5. D. Tang
6. Alessio Saretto

In Finance

1. Sarah Qian Wang
2. Patrick Augustin
3. Heather Tookes
4. Marti G. Subrahmanyam
5. D. Tang
6. Alessio Saretto

Citations in the corpus

• The impact of climate change on the cost of bank loans (2020, unknown): “(Bolton and Oehmke, 2011), in which a lender without exposure to borrowers has reduced”
• Credit Default Swaps: A Survey (2014, background): “In the equilibrium model of Bolton and Oehmke [2011], CDS sellers fully anticipate this incentive of CDS buyers, and”
• Tranching, CDS and Asset Prices: How Financial Innovation Can Cause Bubbles and Crashes (2012, unknown): “Tranching creates exactly the same derivative payouts as the CDS.”
• Corporate Leverage, Debt Maturity and Credit Supply: The Role of Credit Default Swaps (2013, background): “Consistent with the supply-side interpretation of the impact of CDSs, we observe a greater effect of CDSs on firms’ ability to maintain greater leverage and longer maturities when local supply shocks occur.”