Article

Credit Default Swaps and the Empty Creditor Problem

Patrick Bolton, and Martin Oehmke

JEL codes

  • G30: General
  • G32: Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill
  • G33: Bankruptcy • Liquidation

Published in

The Review of Financial Studies, vol. 24, n. 8, 2011, pp. 2617–2655