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Where do you study? <a href=" http://www.buscadichos.com/time-essay ">accounting dissertation</a> Market players often use credit default swaps as a proxy for political risk, as they measure a country&#8217;s likelihood of defaulting on its debt. Egypt&#8217;s five-year CDS hit record highs earlier this week following mass demonstrations, but they fell on Thursday after the army removed Islamist President Mohamed Mursi, as investors hoped for a more business-friendly environment.