The FX Swap Market: Growing in the Shadows
Introduction The foreign exchange (FX) swap market generates almost $4 trillion in new contracts on any given day. To put that in perspective, imagine global equities had a daily ...
currency exchange
Global Fungible Money Flows Heighten Volatility Risks
Rapid yen appreciation in this year’s third quarter attracted policy attention when it triggered a brief-but-disruptive volatility surge across major asset markets. The precise ...
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