Currency Guarantees not Interest Rate Guarantees
By Kim Austin,2014-09-03 18:39
Multi-lateral Sponsored Regional Swap Facility
Outline of Proposed Concept:
Apart from convertibility and transfer risk, one of the major issues facing
emerging market issuers is currency exchange rate volatility and depreciation.
Due to limitations imposed by the ability to raise capital in the local markets,
lack of liquidity, size of the market..