France Križanič (Avtor), Žan Oplotnik (Avtor)

Povzetek

Financial market had developed a special instrument to insure the buyers of bonds. This instrument is so called Credit Default Swap (CDS). The CDS price is a kind of insurance premium that the buyer of CDS pays to the seller of CDS in exchange for compensation of possible loss in operation. Paper analyses causality between CDS price and dynamics of bond yields and influence of macroeconomic factors on it in four selected countries during the last financial crisis. Analysis results show that there is no important macroeconomic variable included in the analysis that preceded the CDS prices connected with German government bonds. Sellers of CDS were apparently aware of the systemic nature of the financial crisis in the euro area. In the case of the United Kingdom, Russia and Slovenia we can observe the unemployment rate as the most important macroeconomic variable that preceded the CDS prices for government bonds.

Ključne besede

državne obveznice;donosnost;CDS;mednarodni finančni trgi;makroekonomija;bonds;yield;international financial markets;macroeconomics;

Podatki

Jezik: Angleški jezik
Leto izida:
Tipologija: 1.01 - Izvirni znanstveni članek
Organizacija: UM EPF - Ekonomsko-poslovna fakulteta
UDK: 339.7
COBISS: 525192217 Povezava se bo odprla v novem oknu
ISSN: 1331-5609
Št. ogledov: 843
Št. prenosov: 287
Ocena: 0 (0 glasov)
Metapodatki: JSON JSON-RDF JSON-LD TURTLE N-TRIPLES XML RDFA MICRODATA DC-XML DC-RDF RDF

Ostali podatki

Sekundarni jezik: Slovenski jezik
Sekundarne ključne besede: državne obveznice;donosnost;CDS;mednarodni finančni trgi;makroekonomija;
URN: URN:SI:UM:
Vrsta dela (COBISS): Znanstveno delo
Strani: str. 21-30
Letnik: ǂVol. ǂ18
Zvezek: ǂno. ǂ2
Čas izdaje: 2015
ID: 9599974