G2 - Financial Institutions and Services
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Analyzing Default Risk and Liquidity Demand during a Financial Crisis: The Case of Canada
This paper explores the reliability of using prices of credit default swap contracts (CDS) as indicators of default probabilities during the 2007/2008 financial crisis. -
The Impact of Operational Events on the Network Structure of the LVTS
The author uses a quantitative network analysis approach to assess how participants in the Large Value Transfer System (LVTS) respond to partial outages at other banks.