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Why are more sovereigns issuing in Euros? Choosing between USD and EUR-denominated bonds (الإنجليزية)

This paper presents and discusses the arguments offered by several sovereigns that have joined a trend starting in 2013 whereby sovereign and corporate issuers, especially in Latin America, have gradually replaced a portion of the funding raised in U.S. dollars with euros. The trend seems to respond to the divergent monetary policies followed by the U.S. Federal Reserve Board and the European Central Bank. The selected country cases state strategic...
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نسخة رسمية من الوثيقة (قد تضم توقيعات، الخ)


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