{"product_id":"9783834928443","title":"Recovery Risk in Credit Default Swap Premia","description":"\u003ch1\u003eRecovery Risk in Credit Default Swap Premia\u003c\/h1\u003e \u003ch2\u003eSchläfer, Timo\u003c\/h2\u003e \u003cp\u003eThe finance literature looks at a number of factors to explain risk premia in corporate debt, such as liquidity effects, jump-to-default risk, and contagion risk. Stochastic recovery rates as a source of systematic risk have not received much attention so far, most likely due to the difficulties around decomposing the expected loss. Timo Schläfer exploits the fact that differently-ranking debt instruments of the same issuer face identical default risk but different default-conditional recovery rates. He shows that this allows isolating recovery risk without any of the rigid assumptions employed by priors and implements his approach using credit default swap data.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Gabler Verlag\u003c\/p\u003e \u003cp\u003ePublication Date: 2011-04-05\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9783834928443\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-8349-6666-7\u003c\/p\u003e \u003cp\u003eDimensions: 210cm x148cm\u003c\/p\u003e \u003cp\u003ePages: 112\u003c\/p\u003e ","brand":"Gabler Verlag","offers":[{"title":"Default Title","offer_id":47671529701516,"sku":"9783834928443","price":49.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783834928443.jpg?v=1776517773","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783834928443","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}