Global Financial Stability Report, April 2006: Market Developments and Issues - Chapter 2: The Influence of Credit Derivative And Structured Credit Markets on Financial Stability

May 4, 2006

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Global Financial Stability Report, April 2006: Market Developments and Issues - Chapter 2: The Influence of Credit Derivative And Structured Credit Markets on Financial Stability, (USA: International Monetary Fund, 2006) accessed December 21, 2024

Summary

This paper examines the influence of credit derivative and structured credit markets on financial stability. Credit derivative and structured credit markets have grown rapidly in size and complexity in recent years. This paper reviews the growth of the credit derivative, the factors that have influenced their growth, how they have increasingly facilitated risk transfer, and their implications for financial stability. The paper also presents a discussion of policy implications and recommendations concerning these relatively new markets and related challenges.

Subject: Asset and liability management, Bank credit, Banking, Credit, Credit risk, Financial institutions, Financial regulation and supervision, Hedge funds, Liquidity, Money

Keywords: Bank credit, Cash settlement, CDO tranche market, Credit, Credit derivative market, Credit risk, Credit risk transfer market, Europe, GFSR, Global, Hedge funds, Liquidity, Liquidity vulnerability, Market liquidity, Market participant, Middle East, Risk transfer market, Transfer market

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Global Financial Stability Report No. 2006/003
Stock No:

GFSREA2006100
ISBN:

9781451939194
ISSN:

1729-701X

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