PT  - JOURNAL ARTICLE
AU  - Lei Meng
AU  - Owain AP Gwilym
TI  - Credit Default Swaps
AID  - 10.3905/jfi.2005.491109
DP  - 2005 Mar 31
TA  - The Journal of Fixed Income
PG  - 17--28
VI  - 14
IP  - 4
4099  - https://pm-research.com/content/14/4/17.short
4100  - https://pm-research.com/content/14/4/17.full
AB  - Structural and reduced-form models are the primary vehicles for pricing credit default swaps (CDS). This evaluation of the emerging empirical literature on CDS analyzes the evidence on the impact of recovery forms on pricing models, the relationship between CDS premiums and credit spreads on the same reference entity, the determinants of CDS premiums, and interaction between the CDS market and other markets.