Hale, Galina; Spiegel, Mark M; Jones, Peter - Federal Reserve Bank of San Francisco - 2014
issuers’ home currencies. These secular trends appear to have accelerated notably after the global financial crisis. Observed … financial crisis could have a persistent impact on home currency bond issuance. Firms that issue for the first time in their … home currencies during disruptive episodes, such as the crisis, find their relative costs of issuance in home currencies …