Mapping the Global Credit Default Swap Network

Mapping the Global Credit Default Swap Network

Credit default swaps (CDS) are derivative contracts which were at the center stage of the global financial crisis: their role in amplifying and transferring distress is still debated. These contracts entail a transfer of risk (insurance) from a protection buyer (say...

Does it pay to be green ?

Green bonds issuers pay a higher premium compared to brown bond issuers at the same level of risk, ­­a new study by Paris School of Economics shows (Karpf and Mandel 2017). This difference in premia suggests there may still be a reluctance of institutional investors...