Today, they reflect the flow of international borrowing where interest rates are low and
lending at a markup where credit is tight — and then hedging this arbitrage, and jumping on the bandwagon to speculate on which way currencies will go.
Not exact matches
Hundreds of billions of dollars, euros and sterling worth of yen were borrowed and duly converted into foreign currencies to
lend out
at a
markup.
Libraries can «
lend» ebooks a fixed number of times before they have to buy them again, usually
at significant
markup, and many proprietary, cumbersome systems exist that require a specific e-reader.