Are Swap and Bond Markets Alternatives to Each Other in Turkey?

Preprint OPEN
Murat Duran; Doruk Kucuksarac;
(2012)
  • Subject: covered interest parity, limits to arbitrage, bond market, currency swap, cointegration
    • jel: jel:G12 | jel:G14 | jel:E43

Cross currency swaps are agreements to exchange interest payments and principals denominated in two different currencies and usually have one leg fixed and the other floating. The interest rate on the fixed leg is closely related to the yields on the securities of the s... View more
Share - Bookmark