The Influence of Political Risk on CDS Spreads - Differences between banks and other large firms
This thesis investigates the influence of country-specific political risk on credit default swap spreads. The research includes a sample of 30 companies over a time period of more than 13 years. The companies are divided into two sets of sub-groups, dependent on whether they are banks or not and which country they are based in. The hypothesis is that banks should be more influenced by political ri
