Stephen provides and introduction to Credit Default Swaps and their use as a hedge against default risk, alongside as a tool for speculation.
- Definition of Credit Default Swaps (00:00)
- How simple Credit Default Swaps work (00:20)
- Further details and Credit Default Swap definition (00:46)
- Credit Default Swaps as a tool for speculation (01:39)
- Naked Credit Default Swaps (02:18)
- The risks associated with Credit Default Swaps in the context of the Great Financial Crisis (02:39)
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