Defines credit default swaps in which one party promises to pay another party if a third party defaults. Explains their use by banks for risk management, and discusses potential for systemic risk.
ProQuest U.S. Congressional Research Digital Collection
Note:
Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. AVAILABLE ONLINE TO AUTHORIZED PSU USERS.