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- Title
RISK DISTRIBUTION IN THE CAPITAL MARKETS: CREDIT DEFAULT SWAPS, INSURANCE AND A THEORY OF DEMARCATION.
- Authors
Schwartz, Robert F.
- Abstract
The article focuses on the differences between credit default swaps (CDS) and insurance. It cites the function and role of CDS and the International Swaps and Derivatives Association (ISDA) in the present derivative markets. It explores the developments in insurance laws as they pertain to CDS in New York. It highlights the comprehensive comparison between CDS and insurance at both the contractual level and a wider market level.
- Subjects
NEW York (State); SWAPS (Finance); INSURANCE; CREDIT derivatives; INTERNATIONAL Swap Dealers Association; FINANCIAL markets; INSURANCE law
- Publication
Fordham Journal of Corporate & Financial Law, 2007, Vol 12, Issue 1, p167
- ISSN
1532-303X
- Publication type
Article