期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2009
卷号：9
期号：2
语种：English
出版社：Ovidius University Press
摘要：The ongoing financial crisis raised serious questions on the benefits and risks of financial derivatives used by banks for hedging credit risks. This paper tries to analyze the involvement of financial derivatives in the financial crises,describing the securisation mechanism used by the American banks for hedging their credit risks and the effects it had on the stability of the international financial system.
