- Collection:
- Dean Rusk International Law Center Collections
- Title:
- Interest Rate and Currency Swaps
- Creator:
- Droop, Christian
- Date of Original:
- 1988-01-01
- Subject:
- University of Georgia. School of Law
Law--Study and teaching
International law - Location:
- United States, Georgia, Clarke County, Athens, 33.96095, -83.37794
- Medium:
- dissertations
- Type:
- Text
- Format:
- application/pdf
- Description:
- swap markets -- currency swap -- interest rate swap -- Banking and Finance Law -- Commercial Law -- Securities law
This thesis explores the evolution, mechanics, and risks associated with interest rate and currency swaps, key financial instruments in global markets since the late 1970s. Swaps involve the exchange of predetermined payments in the same or different currencies between parties, aiming to leverage their financial capabilities and reduce transaction risks. By 1987, the volume of outstanding swap transactions exceeded $1.1 trillion, highlighting their significance in capital markets.. The thesis aims to present basic swap transactions, describe associated risks, and discuss current efforts to control these risks through regulatory and contractual measures, which focus on New York law. It also examines the creation, purpose, and mechanics of different swaps structures, emphasizing their role in managing financial risks and reducing costs for governments, corporations, and financial institutions. Please note that this thesis was written prior to the 2008 financial crisis caused by the subprime mortgage-backed securities credit default swaps (CDS). - External Identifiers:
- Metadata URL:
- https://digitalcommons.law.uga.edu/stu_llm/331
- Holding Institution:
- Alexander Campbell King Law Library
- Rights:
-
