LEADER 05891oam 22014774 450 001 9910969850403321 005 20250426110532.0 010 $a9786612842832 010 $a9781462388066 010 $a146238806X 010 $a9781452778327 010 $a1452778329 010 $a9781451872095 010 $a1451872097 010 $a9781282842830 010 $a1282842838 035 $a(CKB)3170000000055233 035 $a(EBL)1608234 035 $a(SSID)ssj0000939942 035 $a(PQKBManifestationID)11596388 035 $a(PQKBTitleCode)TC0000939942 035 $a(PQKBWorkID)10937986 035 $a(PQKB)11101171 035 $a(OCoLC)518508975 035 $a(IMF)WPIEE2009062 035 $a(MiAaPQ)EBC1608234 035 $a(IMF)WPIEA2009062 035 $aWPIEA2009062 035 $a(EXLCZ)993170000000055233 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Use (and Abuse) of CDS Spreads During Distress /$fCarolyne Spackman, Manmohan Singh 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (13 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781451916447 311 08$a1451916442 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. Recent Distress in Financial Institutions; Figures; 1. Landsbanki; 2. Washington Mutual; 3. Lehman Brothers; III. Policy Implications of Using Stochastic Recovery; Table 1. CDS Settlements Determined Under the ISDA Cash Opt-in Protocol; Box 1. Ecuador ISDA Auction; Appendix I. Recovery Swaps, or Where the Ctd Bonds End Up; References 330 3 $aCredit Default Swap spreads have been used as a leading indicator of distress. Default probabilities can be extracted from CDS spreads, but during distress it is important to take account of the stochastic nature of recovery value. The recent episodes of Landbanski, WAMU and Lehman illustrate that using the industry-standard fixed recovery rate assumption gives default probabilities that are low relative to those extracted from stochastic recovery value as proxied by the cheapest-to-deliver bonds. Financial institutions using fixed rate recovery assumptions could have a false sense of security, and could be faced with outsized losses with potential knock-on effects for other institutions. To ensure effective oversight of financial institutions, and to monitor the stability of the global financial system especially during distress, the stochastic nature of recovery rates needs to be incorporated. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/062 606 $aCredit derivatives 606 $aDerivative securities 606 $aAsset prices$2imf 606 $aBankruptcy$2imf 606 $aBanks$2imf 606 $aBonds$2imf 606 $aCredit default swap$2imf 606 $aCredit$2imf 606 $aCurrencies$2imf 606 $aDeflation$2imf 606 $aDepository Institutions$2imf 606 $aEvent Studies$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aFinancial institutions$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aGovernment and the Monetary System$2imf 606 $aInflation$2imf 606 $aInformation and Market Efficiency$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aInvestment & securities$2imf 606 $aInvestments: Bonds$2imf 606 $aLiquidation$2imf 606 $aMacroeconomics$2imf 606 $aMicro Finance Institutions$2imf 606 $aMonetary economics$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aMonetary Systems$2imf 606 $aMoney and Monetary Policy$2imf 606 $aMoney$2imf 606 $aMortgages$2imf 606 $aPayment Systems$2imf 606 $aPrice Level$2imf 606 $aPrices$2imf 606 $aRegimes$2imf 606 $aStandards$2imf 607 $aEcuador$2imf 615 0$aCredit derivatives. 615 0$aDerivative securities. 615 7$aAsset prices 615 7$aBankruptcy 615 7$aBanks 615 7$aBonds 615 7$aCredit default swap 615 7$aCredit 615 7$aCurrencies 615 7$aDeflation 615 7$aDepository Institutions 615 7$aEvent Studies 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aFinancial institutions 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aGovernment and the Monetary System 615 7$aInflation 615 7$aInformation and Market Efficiency 615 7$aInternational Lending and Debt Problems 615 7$aInvestment & securities 615 7$aInvestments: Bonds 615 7$aLiquidation 615 7$aMacroeconomics 615 7$aMicro Finance Institutions 615 7$aMonetary economics 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aMonetary Systems 615 7$aMoney and Monetary Policy 615 7$aMoney 615 7$aMortgages 615 7$aPayment Systems 615 7$aPrice Level 615 7$aPrices 615 7$aRegimes 615 7$aStandards 676 $a338.267 700 $aSpackman$b Carolyne$01815914 701 $aSingh$b Manmohan$01815606 801 0$bDcWaIMF 906 $aBOOK 912 $a9910969850403321 996 $aThe Use (and Abuse) of CDS Spreads During Distress$94371536 997 $aUNINA LEADER 03696nam 22004933 450 001 9911010517103321 005 20250508080337.0 010 $a0-472-90503-1 035 $a(MiAaPQ)EBC32077175 035 $a(Au-PeEL)EBL32077175 035 $a(CKB)38718958500041 035 $a(OCoLC)1484320410 035 $a(EXLCZ)9938718958500041 100 $a20250508d2025 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aFrom Kosovo to Darfur $eThe Regional Biases Within Humanitarian Military Interventionism 205 $a1st ed. 210 1$aAnn Arbor :$cUniversity of Michigan Press,$d2025. 210 4$dİ2025. 215 $a1 online resource (0 pages) 311 08$a0-472-05744-8 327 $aWhere are the humanitarian military interventions? -- Beyond dichotomies of power politics and human rights -- Models of intervention : neighborhoods and perceptions in international politics -- Western intervention in Kosovo : exposing the limitations of conventional wisdom -- Beyond standard explanations of Kosovo : transformed perceptions and institutionalized neighborhoods -- Intervention in Libya : national interests and regional demands -- Hollow intervention in Darfur : civil wars in bad neighborhoods -- Conclusions and the future of humanitarian interventions. 330 $a"Why are some violent crises more likely to prompt humanitarian military interventions than others? Conventional wisdom says that humanitarian military interventions occur due to national interests, shared values and norms, or economic benefits for the interveners. Yet neither of these factors can fully explain the selectivity of such interventions. The international community continues to ignore the decades-long suffering in Darfur, often dismisses the genocidal policies within Myanmar, and even perpetuates the suffering in contemporary Yemen, while undertaking humanitarian-laden missions in Libya, Syria, and the Balkans. Using new data on all post-Cold War internal armed conflicts matched to third-party responses as well as in-depth case studies, From Kosovo to Darfur offers the first regionally sensitive analysis of humanitarian military intervention since the end of the Cold War. It shows that international military interventions in the context of acute humanitarian crises are driven by different pathways within the Western versus the non-Western world and fueled by elite perceptions of the crisis, making interventions closer to the geographic and cultural West most probable and most intense. As our international community becomes increasingly interdependent and aware of human suffering across borders, From Kosovo to Darfur points to new pathways of conflict trajectories and offers vital implications for leaders, scholars, and nongovernmental actors advocating for or against international military intervention as a policy choice."-- Provided by publisher. 606 $aHumanitarian intervention$3http://id.loc.gov/authorities/subjects/sh99002227 606 $aHumanitarian intervention$vCase studies 606 $aKosovo War, 1998-1999$3http://id.loc.gov/authorities/subjects/sh99000446 607 $aLibya$xHistory$yCivil War, 2011- 607 $aSudan$xHistory$yDarfur Conflict, 2003- 615 0$aHumanitarian intervention. 615 0$aHumanitarian intervention 615 0$aKosovo War, 1998-1999. 676 $a327.1/17 700 $aKushi$b Sidita$01830366 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9911010517103321 996 $aFrom Kosovo to Darfur$94400666 997 $aUNINA