TY - JOUR T1 - Credit Default Swaps JF - The Journal of Fixed Income SP - 17 LP - 28 DO - 10.3905/jfi.2005.491109 VL - 14 IS - 4 AU - Lei Meng AU - Owain AP Gwilym Y1 - 2005/03/31 UR - https://pm-research.com/content/14/4/17.abstract N2 - 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. ER -