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The international role of the euro: evidence from bonds issued by non-euro area residents

Author

Listed:
  • Mehl, Arnaud
  • Geis, André
  • Wredenborg, Stefan
Abstract
This paper analyses the main features of the market for euro-denominated bonds issued by non-euro area residents on the basis of a new database. It shows that large private corporations from mature economies have contributed significantly to the internationalisation of the euro since 1999, more than sovereigns in transition and emerging economies, whose part was initially expected to be stronger. It confirms that the euro

Suggested Citation

  • Mehl, Arnaud & Geis, André & Wredenborg, Stefan, 2004. "The international role of the euro: evidence from bonds issued by non-euro area residents," Occasional Paper Series 18, European Central Bank.
    • Handle: RePEc:ecb:ecbops:200418
    Note: 501438
    as

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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbocp18.pdf
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    References listed on IDEAS

    as
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