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Covered Interest Rate Parity Lost: Understanding the Cross-Currency Basis | AnalystPrep - FRM Part 2 Study Notes
![arbitrage - Why were cross-currency swap basis so close to zero before the financial crisis? - Quantitative Finance Stack Exchange arbitrage - Why were cross-currency swap basis so close to zero before the financial crisis? - Quantitative Finance Stack Exchange](https://i.stack.imgur.com/PNrW9.png)
arbitrage - Why were cross-currency swap basis so close to zero before the financial crisis? - Quantitative Finance Stack Exchange
![arbitrage - Why were cross-currency swap basis so close to zero before the financial crisis? - Quantitative Finance Stack Exchange arbitrage - Why were cross-currency swap basis so close to zero before the financial crisis? - Quantitative Finance Stack Exchange](https://i.stack.imgur.com/l0yjk.png)
arbitrage - Why were cross-currency swap basis so close to zero before the financial crisis? - Quantitative Finance Stack Exchange
![Covered Interest Rate Parity Lost: Understanding the Cross-Currency Basis | AnalystPrep - FRM Part 2 Study Notes Covered Interest Rate Parity Lost: Understanding the Cross-Currency Basis | AnalystPrep - FRM Part 2 Study Notes](https://analystprep.com/study-notes/wp-content/uploads/2020/03/Img_2-1.jpg)