![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
![Trinh on Twitter: "You can see the widening of the KRW basis as signs of stress (if u don't know what cross currency basis is, don't fret, can explain later) and notice Trinh on Twitter: "You can see the widening of the KRW basis as signs of stress (if u don't know what cross currency basis is, don't fret, can explain later) and notice](https://pbs.twimg.com/media/EUg9jtcUEAE25KZ.jpg)
Trinh on Twitter: "You can see the widening of the KRW basis as signs of stress (if u don't know what cross currency basis is, don't fret, can explain later) and notice
![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)