Hong, Gee Hee; Oeking, Anne; Kang, Kenneth H.; Rhee, … - 2019
often overlooked, component of these costs is the basis spread in the cross-currency swap market that emerges when there are … other currencies on a hedged basis via cross-currency swap markets. These deviations can be explained by regulatory changes … since the global financial crisis, which have limited arbitrage opportunities and country-specific factors that contribute …
