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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF ACCOUNTING AND FINANCE 


US Banks Participation in Credit Derivatives and the Financial Crisis


Author(s): Paul Abbondante, Adham Chehab, Yibo Xiao

Citation: Paul Abbondante, Adham Chehab, Yibo Xiao, (2020) "US Banks Participation in Credit Derivatives and the Financial Crisis," Journal of Accounting and Finance, Vol. 20, ss. 8, pp. 45-64

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This paper was a study of US bank participation in credit derivatives around the financial crisis of 2008 by using data between 1997 and 2017. The results from a more detailed analysis showed that the financial crisis represented a transitional period for US banks’ holdings of credit derivatives. The results indicate that US banks increased their hedging and their appetite for risk. The financial crisis also represented a structural change in type of loans held by participating US banks. The results show that US banks converged towards hedging around the financial crisis in credit derivatives.