---
title: "3 Swaps Quotes By Robert F. Engle"
description: "3 Swaps quotes by Robert F. Engle. Plus more from Robert F. Engle and more Swaps sayings from other authors."
image: "https://sms4smile.com/quotes/i/582/robert-f-engle-23929_clearing_so-what-is-the-role-that-credit-default_220442.jpg"
---

> [So what is the role that credit default swaps can play in an economy? Well my feeling is that if these things…](https://sms4smile.com/quotes/robert-f-engle/so-what-is-the-role-that-credit-default-swaps-can-play-in-an-economy/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

[Image](https://sms4smile.com/quotes/i/582/robert-f-engle-23929_clearing_so-what-is-the-role-that-credit-default_220442.jpg)

> [I think the credit default swaps can take the place of the rating agencies who really have missed the ball in this…](https://sms4smile.com/quotes/robert-f-engle/i-think-the-credit-default-swaps-can-take-the-place-of-the-rating/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

[Image](https://sms4smile.com/quotes/i/427/robert-f-engle-23929_agency_i-think-the-credit-default-swaps-can-tak_2447620.jpg)

> [If you pay attention to where your exposures are, you might tend up buying credit default swaps against a variety of people…](https://sms4smile.com/quotes/robert-f-engle/if-you-pay-attention-to-where-your-exposures-are-you-might-tend-up/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

[Image](https://sms4smile.com/quotes/i/370/robert-f-engle-23929_attention_if-you-pay-attention-to-where-your-expos_3059476.jpg)

## More by Robert F. Engle

> [We're talking about should we increase taxes? Why not put a tax on carbon emissions. It would raise a lot of money, it would…](https://sms4smile.com/quotes/robert-f-engle/we-re-talking-about-should-we-increase-taxes-why-not-put-a-tax-on/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [So what is the role that credit default swaps can play in an economy? Well my feeling is that if these things actually will…](https://sms4smile.com/quotes/robert-f-engle/so-what-is-the-role-that-credit-default-swaps-can-play-in-an-economy/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [Well if you've got information about a company, or you believe that a company is undervalued, you can go out and buy their stock…](https://sms4smile.com/quotes/robert-f-engle/well-if-you-ve-got-information-about-a-company-or-you-believe-that-a/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we…](https://sms4smile.com/quotes/robert-f-engle/i-mean-we-ve-always-had-gold-bugs-but-now-we-sort-of-realize-that/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [I think what we need is better understanding of how to do risk analysis of a CDO, but that they still can perform a…](https://sms4smile.com/quotes/robert-f-engle/i-think-what-we-need-is-better-understanding-of-how-to-do-risk/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of…](https://sms4smile.com/quotes/robert-f-engle/credit-default-swap-gives-you-something-to-do-you-can-buy-some-credit/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic…](https://sms4smile.com/quotes/robert-f-engle/when-large-companies-take-on-risk-then-they-impose-risks-on-the-rest/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [If a lot of people feel like this company is undervalued and go out and buy the stock, the stock price will go up…](https://sms4smile.com/quotes/robert-f-engle/if-a-lot-of-people-feel-like-this-company-is-undervalued-and-go-out/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of…](https://sms4smile.com/quotes/robert-f-engle/risk-managers-and-investment-bankers-and-actually-all-kinds-of/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [I don't think the idea of requiring these to be only sold to people who have already own the bonds, in other words, this…](https://sms4smile.com/quotes/robert-f-engle/i-don-t-think-the-idea-of-requiring-these-to-be-only-sold-to-people/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [A lot of ambitious code has been written into the law for those and we will have to see if it actually works, if…](https://sms4smile.com/quotes/robert-f-engle/a-lot-of-ambitious-code-has-been-written-into-the-law-for-those-and/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [That is, many times we're not risking our own money, we're risking somebody else's money, or maybe that someone is going to back stop…](https://sms4smile.com/quotes/robert-f-engle/that-is-many-times-we-re-not-risking-our-own-money-we-re-risking/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [If you have information that a company is not as good as its stock market valuation, you don't have a way to sell that…](https://sms4smile.com/quotes/robert-f-engle/if-you-have-information-that-a-company-is-not-as-good-as-its-stock/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [I don't see what the alternative to risk management is. If it's just getting rid of the models and instead using the smart people…](https://sms4smile.com/quotes/robert-f-engle/i-don-t-see-what-the-alternative-to-risk-management-is-if-it-s-just/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

> [I agree with a lot of the points in Taleb's book, but I don't agree with many of his conclusions. It seems to me…](https://sms4smile.com/quotes/robert-f-engle/i-agree-with-a-lot-of-the-points-in-taleb-s-book-but-i-don-t-agree/)

[Robert F. Engle](https://sms4smile.com/quotes/author/robert-f-engle/)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "ItemList",
            "@id": "https://sms4smile.com/quotes/about/swaps/robert-f-engle/#itemlist",
            "name": "3 Swaps Quotes By Robert F. Engle",
            "numberOfItems": 3,
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "item": {
                        "@type": "Quotation",
                        "text": "So what is the role that credit default swaps can play in an economy? Well my feeling is that if these things actually will now be traded on either exchanges or some kind of central clearing, they are going to be a very good measure of the credit worthiness of different companies.",
                        "creator": {
                            "@type": "Person",
                            "name": "Robert F. Engle"
                        },
                        "url": "https://sms4smile.com/quotes/robert-f-engle/so-what-is-the-role-that-credit-default-swaps-can-play-in-an-economy/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/582/robert-f-engle-23929_clearing_so-what-is-the-role-that-credit-default_220442.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/582/robert-f-engle-23929_clearing_so-what-is-the-role-that-credit-default_220442.jpg",
                            "url": "https://sms4smile.com/quotes/i/582/robert-f-engle-23929_clearing_so-what-is-the-role-that-credit-default_220442.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“So what is the role that credit default swaps can play in an economy? Well my feeling is that if these…” — Robert F. Engle",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "item": {
                        "@type": "Quotation",
                        "text": "I think the credit default swaps can take the place of the rating agencies who really have missed the ball in this procedure and are quite conflicted by the way the ratings are paid for. So, I would like to see credit default swaps become an evermore important way of understanding credit risk in the economy.",
                        "creator": {
                            "@type": "Person",
                            "name": "Robert F. Engle"
                        },
                        "url": "https://sms4smile.com/quotes/robert-f-engle/i-think-the-credit-default-swaps-can-take-the-place-of-the-rating/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/427/robert-f-engle-23929_agency_i-think-the-credit-default-swaps-can-tak_2447620.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/427/robert-f-engle-23929_agency_i-think-the-credit-default-swaps-can-tak_2447620.jpg",
                            "url": "https://sms4smile.com/quotes/i/427/robert-f-engle-23929_agency_i-think-the-credit-default-swaps-can-tak_2447620.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“I think the credit default swaps can take the place of the rating agencies who really have missed the ball…” — Robert F. Engle",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "item": {
                        "@type": "Quotation",
                        "text": "If you pay attention to where your exposures are, you might tend up buying credit default swaps against a variety of people that you - companies that you deal with.",
                        "creator": {
                            "@type": "Person",
                            "name": "Robert F. Engle"
                        },
                        "url": "https://sms4smile.com/quotes/robert-f-engle/if-you-pay-attention-to-where-your-exposures-are-you-might-tend-up/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/370/robert-f-engle-23929_attention_if-you-pay-attention-to-where-your-expos_3059476.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/370/robert-f-engle-23929_attention_if-you-pay-attention-to-where-your-expos_3059476.jpg",
                            "url": "https://sms4smile.com/quotes/i/370/robert-f-engle-23929_attention_if-you-pay-attention-to-where-your-expos_3059476.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“If you pay attention to where your exposures are, you might tend up buying credit default swaps against a…” — Robert F. Engle",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                }
            ]
        },
        {
            "@type": "CollectionPage",
            "@id": "https://sms4smile.com/quotes/about/swaps/robert-f-engle/#webpage",
            "url": "https://sms4smile.com/quotes/about/swaps/robert-f-engle/",
            "name": "Swaps Quotes by Robert F. Engle",
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "mainEntity": {
                "@id": "https://sms4smile.com/quotes/about/swaps/robert-f-engle/#itemlist"
            },
            "primaryImageOfPage": {
                "@id": "https://sms4smile.com/quotes/i/582/robert-f-engle-23929_clearing_so-what-is-the-role-that-credit-default_220442.jpg"
            },
            "description": "3 Swaps quotes by Robert F. Engle. Plus more from Robert F. Engle and more Swaps sayings from other authors.",
            "breadcrumb": {
                "@id": "https://sms4smile.com/quotes/about/swaps/robert-f-engle/#breadcrumb"
            }
        },
        {
            "@type": "BreadcrumbList",
            "@id": "https://sms4smile.com/quotes/about/swaps/robert-f-engle/#breadcrumb",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Topics",
                    "item": "https://sms4smile.com/quotes/categories/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "Swaps",
                    "item": "https://sms4smile.com/quotes/about/swaps/"
                },
                {
                    "@type": "ListItem",
                    "position": 5,
                    "name": "Robert F. Engle",
                    "item": "https://sms4smile.com/quotes/about/swaps/robert-f-engle/"
                }
            ]
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```