Journal Article
A look at credit default swaps and their impact on the European debt crisis
Abstract: Did you know that buying a credit default swap can be like buying insurance on your neighbor?s car?and then getting paid when that neighbor has an accident? Learn the ABCs of CDS, and find out why they are so important to any discussion of the European debt crisis.
Keywords: Credit; Financial crises; Europe;
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2012
Issue: Apr