Currency Swap

Currency Swap

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A currency swap is a foreign-exchange agreement between two parties to exchange aspects (namely the principal and/or interest payments) of a loan in one currency for equivalent aspects of an equal in net present value loan in another currency; see Foreign exchange derivative. Currency swaps are motivated by comparative advantage. A currency swap should be distinguished from a central bank liquidity swap. Currency swaps are over-the-counter derivatives, and are closely related to interest rate swaps. However, unlike interest rate swaps, currency swaps can involve the exchange of the principal.show more

Product details

  • Paperback | 60 pages
  • 152 x 229 x 4mm | 100g
  • Chrono Press
  • United States
  • English
  • 6136694220
  • 9786136694221