Credit default swaps (CDS) have been growing in importance in the global financial
markets. However, their role has been hotly debated, in industry and academia, particularly …

We provide a synthesis of the empirical evidence on market liquidity. The liquidity
measurement literature has established standard measures of liquidity that apply to broad …

Using data for 54 countries over a 12‐year period, we find that the variation in average
sovereign ratings in a given year can be explained by average credit default swap (CDS) …

This paper presents an empirical analysis of the determinants of Russia's sovereign risk.
The spreads on sovereign Russian credit default swaps (CDS) were used as a measure of …

В работе представлен эмпирический анализ детерминант суверенного риска России. В
качестве меры этого риска использовался спред суверенного российского кредитного …

In this dissertation, I focus my research on some of the economically significant and current
open problems in international finance, specifically the relationship between Credit Default …