Bull and bear figures represent assets and liabilities playing a checkers game; their movements symbolize the balance between interest rate-sensitive durations.

Mastering Zero-Gap Condition: Achieving Interest Rate Risk Immunization for Financial Institutions

Understanding Interest Rate Risk and Its Impact on Financial Institutions Interest rate risk refers to the financial vulnerability faced by institutions due to changes in interest rates. This risk arises because the duration (interest-rate sensitivity) of assets may differ from that of liabilities, resulting in a gap or mismatch between

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