TED spread, is defined as the differential between the overnight LIBOR interest rate and the 3-months U.S.
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Question:
TED spread, is defined as the differential between the overnight LIBOR interest rate and the 3-months U.S. Treasury bill rate. Considering the September and October 2008 period.
Discuss and explain the two reasons why TED spread widens dramatically at some particular days.
Related Book For
Multinational Business Finance
ISBN: 978-0133879872
14th edition
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
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