Circumstance of occurrence
2008~2009 upsurge of financial crisis and beginning of government remedy.
The early 2010, concernment about economic crisis spread because of The southwest Europe(PIIGS) budget deficit
The world three major credit-rating agency(MOODYS, S&P, FITCH) made downward revision in Portugal’s credit rating
2. Finance and real economy aspect
Major economic indica
regulators)에 의해서 창출되고 배분되는 배출권을 구매한다. 교토 의정서(Kyoto Protocol)에서는 AAU(Assigned Amount of Units), 그리고 EU-ETS(EU Emission Trading System)에서는 EUA(European Union Allowances)와 같은 배출권이 배출권 거래소나 장외시장을 통해 거래되고 있다. 프로젝트에 의한 거래에서는 배출량 감축 프로젝트를
II. What Are Credit Derivatives?
Derivatives are defined as the exchange or contract which has economic values deriving from the reference assets or index. According to their types, there are overall forward, future, option, and swap. Derivatives are the financial derivatives, which are enabled to trade in the market while consisting of separating the credit risk only to the holder of basic p
2. the securitization of financial assets
&
the interconnectedness between financial institutions both within and across countries
*Huge deficits of the financial institution
*The credit crunch
*Increasing voltility of stock price, interest rate, exchange rate