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This paper investigates bond issuance of non-financial corporations in advanced economies during the period 1999-2003, attempting to understand motives for issuing in foreign currency, and determinants for the choice of currency. We consider the following influences on the currency choice when...
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Deutschland erhebliche Vorteile durch den Euro hat. Um dies zu zeigen, prognostizieren die Autoren der Studie die Entwicklung des … Rückkehr zu einer eigenen Währung pro Jahr um rund 0,5 Prozentpunkte langsamer expandieren würde als beim Verbleib im Euro. Der …
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The euro countries currently experience a severe government debt crisis. Since Greece asked for financial assistance in …
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, but also outside, the euro area. Despite less asymmetry in shock asymmetry since 1999, new statistical tests support the …
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countries, the initial members of the euro club. This exercise is implemented using hierarchical cluster analysis for pre- and … post-euro periods. As a robustness check, a principal component analysis is applied. Secondly, the analysis deploys a …
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