Theory and applications of credit default swaps: Analysis of changes in Turkey's sovereign credit default swap premium

In the global economy, especially in loans to investors and countries has an important place. Especially during the growth phase of the country's economy and the provision of investments, credit use is of great significance. However, creditors of a point, from their position in order to avoid the risks they have undertaken in response to the need to be protected. For this reason, the importance of credit default swaps has emerged. In this study, on the basis of credit risk Credit Risk Management credit risk and credit default swaps that you used to be able to transfer were investigated in detail. Country risk that cause economic, financial and political risk premiums on the credit default swap was developed by the analysis of eclectic effects using the method. Economic and financial indicators credit default swap contracts with the data was not to be disturbed for the purpose of alignment with each other, monthly data were used. As a result of the study, Turkey's economic and financial variables with tried to analyze the relationship between credit default swap premiums