The main purpose of this paper is an examination of the pass‐through interest rate transmission from the wholesale rates (central bank and/or money market rates) to the retail rates (deposit and lending rates) of the banking system. Knowledge of the transmission substantially helps us to calcul...
The article reports that Puerto Rico will sell 10.2 million of general obligation bonds (GOs) to help ward off higher interest charges and accelerated principal payments. It states that beginning October 3, 2009 the commonwealth will start paying 5.25% interest on 96.8 million dollars of daily-r...
Similarly, money market futures can be used to gain exposure to short-term interest rates in order to express views on anticipated changes in central bank policy rates. In addition, derivatives can be used to protect client assets through selectively hedging downside (or "tail risks") in the ...