Question
Banks quote interest rate and currency swaps using the 6-month LIBOR as a basis for both transactions. How can a bank make money if it
Banks quote interest rate and currency swaps using the 6-month LIBOR as a basis for both transactions. How can a bank make money if it does not speculate on movements in either interest rates or exchange rates?
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Get StartedRecommended Textbook for
Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
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