# Prof. Marti Subrahmanyam's research on credit-default swaps

1 January 8, 2013 The Economist >

Excerpt from [The Economist](http://www.economist.com/blogs/freeexchange/2013/01/credit-default-swaps) -- "The paper, by [Marti Subrahmanyam](http://www.stern.nyu.edu/faculty/bio/marti-subrahmanyam) of New York University, Dragon Yongjun Tang of the University of Hong Kong and Sarah Qian Wang of the University of Warwick, looks at the effects of credit-default swaps (CDSs) on the companies these instruments were written on."

[Read more](http://www.economist.com/blogs/freeexchange/2013/01/credit-default-swaps)