Kocsis, Zalán; Csávás, Csaba; Mák, István; Pulai, … - 2013
structural, risk management factors. However, the speculative and hedging motives are both present in the IRS market; the latter … variation in analyst forecasts FRA-positions have varied more as well. In the CIRS market domestic banks’ activities of hedging … foreign currency receiving swaps, which also resulted in large (negative) CIRS spreads. The commonly used CIRS transactions in …
