the portfolio holds common stocks amounts to an asset swap. Such an asset swap does not increase national saving, wealth …. The asset swap is deemed successful if the stock portfolio generates sufficient cash to pay off the interest and principal …

In March 2020, the Federal Reserve eased the terms on its standing swap lines in collaboration with other central banks …, reactivated temporary swap agreements, and then introduced the new Foreign and International Monetary Authorities (FIMA) repo … facility. We provide new evidence on how the central bank swap lines and FIMA repo facility reduce strains in global dollar …

negative swap spreads should not be surprising. In the calibrated model, swap spreads can reasonably match empirical … counterparts without the need for large demand imbalances in the swap market. Empirical evidence is consistent with the relation … between term spreads and swap spreads in the model …

sources of corporate Credit Default Swap prices: GFI, Fenics, Reuters EOD, CMA, Markit and JP Morgan, using the most liquid …

-series variation of conditional volatility and skewness of the swap rate distributions implied by the swaption cube. We then develop … and skewness of the risk-neutral and physical swap rate distributions. Finally, we investigate the fundamental drivers of …