The role of currency swaps in the domestic banking system and the functioning the swap market during the crisis

Preprint OPEN
Judit Páles ; Zsolt Kuti ; Csaba Csávás (2011)
  • Subject: FX swap, currency swap, foreign currency based loan, crisis, counterparty limit, margin call, liquidity requirement
    • jel: jel:E44 | jel:F31 | jel:F32 | jel:F34

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... View more
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