Managing foreign interest rate risk
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Robert W. Kolb; Gerald D. Gay; James V. Jordan
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Article
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1982
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John Wiley and Sons
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English
โ 447 KB
I tion of the GNMA futures contracts in 1975. By the end of 1981, the open interest in all U S . interest rate futures markets approximated $100 billion in deliverable securities. This phenomenal growth attests to the need for such markets for the hedging of interest rate risk. The United States is