Counterparty Risk and Credit Default Swaps
Russ and Arnold discuss the concept of counterparty risk in the credit default swap market and the potential benefits of having an exchange for these financial instruments. They also explore the role of insurance companies and the concerns they face when holding bonds from companies like GM.In this clip
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EconTalk
Arnold Kling on Credit Default Swaps, Counterparty Risk, and the Political Economy of Financial Regulation
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