This analysis suggests that the liquidity provided by currency swaps is an important element in the development of long-term forward markets in foreign exchange, reducing the risks associated with trade finance and asset/liability management in international business more effectively than more traditional alternatives. The paper notes that swaps accomplish these purposes without the destabilizing effects on the foreign exchange market or the added...
Voir la suite
INFORMATION
-
1984/05/31
-
Document de travail des services de la Banque mondiale
-
SWP640
-
1
-
1
-
2010/07/01
-
Disclosed
-
Currency swaps : a borrowing technique in a public policy context
-
currency swap