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web3/concepts/cds.md

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Credit Default Swaps

Credit default swaps are a type of derivative contract with underlying of debt on real estate securities. Credit default swaps are a type of advanced financial engineering that is widely attributed to the 2008 financial subprime crisis.

See also regulatory-capture and derivative.

References

  1. Ball, Laurence M. The Fed and Lehman Brothers: setting the record straight on a financial disaster. Cambridge University Press, 2018.