disruptions in the FX swap market caused a rise in dollar borrowing from US banks, especially for firms in export-oriented sectors …

economic development and with different long-term challenges. This 30-year-long swap is structured in such a way to capture the … today to pay for educational, technological, and other infrastructural services. To price the swap, we apply an exponential …

by a quadratic diffusion function. The variance swap curve is quadratic in the state variable and available in closed … swaps, index option, stock index and bond. An empirical analysis uncovers robust features of the optimal investment strategy …