CDS Changes Floated To Correct Flaws
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CDS Changes Floated To Correct Flaws

A research paper authored by Darrell Duffie, a finance professor at the Stanford Graduate School of Business, and a student has proposed changes to credit default swaps after identifying a flaw in the design of current CDS contracts that would result in only a small fraction of bondholder losses being covered in a restructuring of sovereign debt.

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