Covered Interest Rate Parity: How FX Swaps and Forwards Work
Learn how covered interest rate parity (CIP) prices currency forwards, links FX swaps and interest rates, and why the cross-currency basis persists.
fx swaps
Central Bank Liquidity Swaps: How Global Dollar Funding Works
Central bank liquidity swaps provide foreign central banks with dollars during market stress. Here is how swap lines, pricing, and collateral mechanics work.