Rational pricing in local currency non-sovereign lending

Nick K. Kolev ()
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Development Finance Agenda, 2025, vol. 10, issue 3, 14-15

Abstract: This article proposes a rational pricing approach to local currency (LCY) non-sovereign operations by development finance institutions (DFIs) and multilateral development banks (MDBs).2 Rational LCY pricing ensures that non-sovereign operations are additional and non-distortionary, and that there are no price discrepancies between LCY lending funded through cross-currency swaps (CCS) and LCY lending funded through LCY bonds.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:afj:journ4:v:10:y:2025:i:3:p:14-15

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