Zależność pomiędzy rynkiem swapów kredytowych a rynkiem akcji
The relationship between credit default swap market and stock market
Author(s): Małgorzata BołtućSubject(s): Economy
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: credit default swaps; stocks; bonds
Summary/Abstract: The aim of this paper is to review research which has done up to now and test relationship between CDS, bond and stock. At the end it was also analyst of relationship between sovereign credit default swap for Poland and stock index WIG20. The results confirm the previous research that new information are more often embedded into stock market before they are embedded in CDS market. That means, that stock market has leading role before CDS market.
Journal: Finanse, Rynki Finansowe, Ubezpieczenia
- Issue Year: 2013
- Issue No: 63
- Page Range: 19-30
- Page Count: 12