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Chan-Lau et al., 2004 - Google Patents

Equity prices, credit default swaps, and bond spreads in emerging markets

Chan-Lau et al., 2004

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Document ID
16168653318393904614
Author
Chan-Lau J
Kim Y
Publication year

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This paper examines equilibrium price relationships and price discovery between credit default swap (CDS), bond, and equity markets for emerging market sovereign issuers. Findings suggest that CDS and bond spreads converge despite various pressures that arise …
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