12-033/IV - Why is Price Discovery in Credit Default Swap Markets News-Specific?

• Authors
  Ian W. Marsh, Cass Business School; Wolf Wagner, Tilburg University, and Duisenberg school of finance
• Publication date
  April 2, 2012

• Keywords
  price discovery, hedging demand, CDS markets, equity markets
• JEL
  G1, G12, G14