Kiff, John; Ron, Uri; Ebrahim, Shafiq - In: Bank of Canada Review 2000-2001 (2001) Winter, pp. 23-34
Interest rate swaps and currency swaps are contracts in which counterparties agree to exchange cash flows according to a pre-arranged formula over a period of time. Since 1985, the federal government has been us-ing such swaps to manage its liabilities in a cost-effective and flexible manner....