Created by Dr. Jochen Felsenheimer

[in German only] IMF - Global Financial Stability Report: A New Look at the Role of Sovereign Credit Default Swaps

Die aktuelle Ausgabe des Global Financial Stability Reports („Old Risks, New Challanges“, April 2013) beinhaltet eine dezidierte Analyse des Marktes für Staaten-CDS (SCDS). Hierbei steht die Frage im Mittelpunkt, ob SCDS eine destabilisie-rende Wirkung in Krisensituationen haben, was das zentrale Argument für die Einführung von Short-Selling Restriktionen (SCDS-Ban) darstellt. Im Folgenden fassen wir die Ergebnisse kurz zusammen und stellen diese in den Kontext des aktuellen Leerverkaufsverbots in der Eurozone.


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