Basket weaving: the euromarket experience with basket currency bonds

Clifford R Dammers and Robert Neil Mccauley ()

BIS Quarterly Review, 2006

Abstract: ECU-denominated international bonds owed much of their limited success in the 1980s and 1990s to restrictions on the internationalisation of the Deutsche mark and to speculative investment, rather than simply to the benefits of diversification. Basket bond issuance may come at the cost of a less liquid domestic bond market.

JEL-codes: E42 E58 F02 F31 F33 F36 G15 (search for similar items in EconPapers)
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