Using count-data techniques, this article 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-cost savings associated with deviations...

<i> Saggio sull'indipendenza della banca centrale </i> (di Maurizio Michael Habib) - ABSTRACT: In the recent years the argument for central bank independence gained momentum. Mainstream economic theory shows that the delegation of monetary policy to an independent central bank reduces the inflation...