Currency Swaps (Currency Risk Management Series)
Edition: 1st edition
Publisher: AMACOM
Published: September 2000
Language: eng
Format: Hardcover
Number of pages: 166
ISBN-13: 9780814406151
Subjects: Financial Markets; Monetary Theory; Business & Economics; Business / Economics / Finance; Business/Economics; Foreign Exchange; Investments & Securities; Investments & Securities - General; Money & Monetary Policy
First sentence: Swaps originated in the 1970s and have become an important financial instrument for debt management and interest rate risk management.
Description: "The text describes the evolution of this financial instrument and the present day importance it has in debt and interest rate risk management. It examines the features of currency swaps and the process by which the counterparties reach agreement. Through practical examples it illustrates the role of banks and explains swaps pricing and the value of a swap."--BOOK JACKET.