DOI: 10.5176/2251-1997_AF98
Authors: Nizar Atrissi and Maya Akoum
Abstract:
The purpose of this paper is to highlight the impact of the Arab uprising on the various determinants of the Sovereign Credit Default Swap (CDS) spreads. In the midst of the Arab spring, other variables than the theoretically and empirically tested variables take importance. Indicators directly related to the revolutions' intensities, namely the number casualties (deaths and injuries), have been introduced and empirically tested. These variables provide pertinent explanation of CDS spreads evolution as compared to other economic and fundamental determinants
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