An Overview of the Emerging Market Credit Derivatives Market
- Topics:
- Investment and Capital Markets
- Tags:
- Derivatives,
- Emerging Market,
- Federal Reserve Bank Of New York,
- Financial Services,
- Marketing,
- Marketing Research
- Source:
- Federal Reserve Bank of New York
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Overview: In conjunction with the Committee on the Global Financial System work group project on foreign direct investment in emerging market financial sectors, this report reviews in some detail the market for emerging market credit derivatives ("EMCD") and their use by banks to hedge emerging market credit risks. This paper provides a brief overview of the development and characteristics of this market, and highlights relevant findings from our discussions with U.S. commercial and investment banks active in the market. In short, the EMCD market has grown rapidly in a short period of time, and market participants contacted for this survey were optimistic about its future expansion.
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Format: PDF | Size: 33KB | Date: May 2005 | Pages: 7




