Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.

Financial stability and financial risks

Credit Derivatives - Possible Implications for Financial Stability

Recent years have seen strong growth in the global market for credit derivatives, i.e. instruments that facilitate credit risk management by e.g. the banks. Wider use of credit derivatives may initially enhance financial stability, but there are also certain drawbacks.