Home  Journals  Finance and Credit  1(337) – 2009 January

The notion and classification of credit derivatives

Available online: 20 August 2009

Subject Heading: Stock market

JEL Classification: 

The recent years have witnessed unprecedented growth rates of the market of credit derivatives. However the attitude to this market has so far been controversial: on the one hand, credit derivatives represent a new approach to credit risk management, but on the other hand, they bring to being additional risks which can result not only in the bankruptcy of an individual bank but also in the collapse of the financial system. Nevertheless, according to the author, the controversial attitude to credit derivatives rests upon ambiguous understanding of their specifics and possibilities of efficient credit risk management connected therewith.

Keywords: derivative, credit, risk, management

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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