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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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This paper discusses when and how to introduce foreign exchange convertibility in the process of transformation of the … discusses why convertibility is so important in the sequence, and it goes on to deal with implementation and exchange rate … policy. Macroeconomic stabilization is treated as a central issue in the strategy for achieving convertibility. Finally, the …
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