Hale, Galina; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2008
between the response to the advent of the euro by new and seasoned bond issuers, and to condition on other issue … characteristics. We find that the impact on new issuers is larger than on seasoned issuers and that most of the increase in the euro … composition in the long run, these results imply that aggregate studies might be underestimating the euro effect. We also find …
