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The effect of credit derivatives usage on the risk of European Banks
Otero González, Luis; Rodríguez Gil, Luis Ignacio; Cantorna Agra, Sara; Durán Santomil, Pablo (Universidad de Huelva, 2015)It was generally believed by top regulators that credit derivatives make banks sounder. After the international financial crisis, the positive view of the role of credit risk transfer has changed and credit derivatives ...