Currency Swaps and the Swap Network

Abstract: This 4 page paper is written in two parts. The first part looks at currency swaps, why and how they are used and why a company may choose to use a currency swap instead of issuing bonds in a different currency. The second part of the paper looks at the swap network which takes place between central banks and discusses how the failure of a major commercial bank could result in a swap crisis. The bibliography cites 4 sources.

Filename: TEswaps.rtf

Pages: 4

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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