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Systemic risk / Mortgage-backed security / Credit default swap / United States housing bubble / Funds / Structured finance / Derivative / Synthetic CDO / Financial crisis of 200708 / Corporate bond / Algorithmic trading / Futures contract
Date: 2016-03-25 20:51:42
Systemic risk
Mortgage-backed security
Credit default swap
United States housing bubble
Funds
Structured finance
Derivative
Synthetic CDO
Financial crisis of 200708
Corporate bond
Algorithmic trading
Futures contract

Does the Tail Wag the Dog? The Price Impact of CDS Trading∗ Dragon Yongjun Tang† The University of Hong Kong Hong Yan‡ University of South Carolina

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