The availability of credit insurance via credit default swaps (CDSs) has been closely associated with the emergence of empty creditors. We empirically investigate this issue by looking at the debt restructurings (distressed exchanges and bankruptcy filings) of rated, non-financial U.S. companies over the period Jan 2007- Jun 2011.
BEDENDO M, CATHCART L, EL-JAHEL L (2016). Distressed Debt Restructuring in the Presence of Credit Default Swaps. JOURNAL OF MONEY, CREDIT, AND BANKING, 48(1), 165-201 [10.1111/jmcb.12294].
Distressed Debt Restructuring in the Presence of Credit Default Swaps
BEDENDO M;
2016
Abstract
The availability of credit insurance via credit default swaps (CDSs) has been closely associated with the emergence of empty creditors. We empirically investigate this issue by looking at the debt restructurings (distressed exchanges and bankruptcy filings) of rated, non-financial U.S. companies over the period Jan 2007- Jun 2011.File in questo prodotto:
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