The role of currency swaps in the domestic banking system and the functioning of the swap market during the crisis
- Publisher: Magyar Nemzeti Bank Budapest
E44 | F31 | F32 | F34 | FX swap | currency swap | foreign currency based loan | crisis | counterparty limit | margin call | liquidity requirement | Währungsderivat | Finanzkrise | Bankenliquidität | Basler Akkord | Ungarn
The basic purpose of this study is to didactically demonstrate the factors shaping the currency swap stock of domestic banks prior to the crisis and to provide a descriptive analysis of how the structure and the functioning of the market changed during the crisis. The m...