Notowania CDS a dostęp do kapitału w okresie kryzysu finansów publicznych
Relations between CDS quotations and access to capital during the public finance crisis

Summary/Abstract: Investing in debt securities is inevitably connected with the risk of non-redemption by the issuer. Credit risk can be reduced through the use of Credit Default Swap. CDS premium quotations inform of the probability of the debtor's insolvency. The subject of study is to investigate the relationship between the aforementioned instruments' quotations and the availability and cost of debt financing for the selected countries. The factors affecting the CDS quotation value are also analyzed.

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