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Banks quote forward rates for currencies based upon interest rates in the Eurocurrency market for the two currencies. Why do they do it this way?
- Banks quote forward rates for currencies based upon interest rates in the Eurocurrency market for the two currencies. Why do they do it this way? What is the relationship between the interest rate difference between two countries and the forward premium or discount? What keeps this relationship in alignment?
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1st Edition
1954968574, 978-1954968578
