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The international role of the euro: evidence from bonds issued by non-euro area residents

Arnaud Mehl (), André Geis and Stefan Wredenborg

No 18, Occasional Paper Series from European Central Bank

Abstract: This paper analyses the main features of the market for euro-denominated bonds issued by non-euro area residents on the basis of a new database. It shows that large private corporations from mature economies have contributed significantly to the internationalisation of the euro since 1999, more than sovereigns in transition and emerging economies, whose part was initially expected to be stronger. It confirms that the euro

Keywords: denominated bonds; euro area; international role of the euro (search for similar items in EconPapers)
Date: 2004-07
Note: 501438
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbops:200418

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