Habib, Maurizio Michael; Joy, Mark - European Central Bank - 2008
Using count-data techniques, this paper studies the determinants of currency choice in the issuance of foreign-currency …-denominated bonds. In particular, we investigate whether bond issuers choose their issuance currency in order to exploit the borrowing … public sector and private sector. Our findings show that the choice of issuance currency is sensitive to deviations from …