Sovereign CDS: Cat or canary?


Critics of credit derivatives see a shadowy world in which market participants are able to profit from the miseries of companies and their employees. In some instances, they argue, dealers seek to push firms into bankruptcy for their own gain (Risk August 2009, pages 33–35). With the rise of trading in sovereign credit default swaps (CDSs), this nightmare has become darker still – now, whole countries are under threat of speculative attack from nefarious CDS traders.

In light of the shaky public

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: