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By Deborah Cernauskas, PhD, and Andrew Kumiega, PhD
Spring 2008 Issue

The use of derivatives to hedge risk is a growing factor, especially in the over-the-counter market. This Foundation-sponsored research explains the uses of credit default swaps, constructs a sample portfolio, and evaluates the use of credit default swaps to hedge default risk.

You will find additional information on this subject in the related research study: How to Improve Your Risk Return Profile Using Credit Default Swaps.