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Currencies Used for Denomination

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The New Euromarkets
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Abstract

By far the most important currency in use in the eurobond market for denominating eurobonds is the United States dollar. Before exploring the reasons for this however it is worthwhile examining the role of ‘key’ currencies.

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Notes

  1. Based on H. G. Grubel, The International Monetary System (Harmondsworth: Penguin, 1969) pp. 190–2.

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  2. For an analysis of the investment currency market see P. K. Woolley, ‘Britian’s Investment Currency Premium’, Lloyds Bank Review (July 1974).

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  3. Long Term Credit Bank of Japan, Quarterly Review of Japanese Industry, No. 5 (Sep 1971) p. 2.

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  4. J. Cousins, ‘Tokyo’s International Role – A Long Way to Go’, Banker (Oct 1972) p. 1308.

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  5. The Bank of Japan, The Japanese Financial System (Tokyo, 1972) p. 80.

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© 1975 Brian Scott Quinn

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Quinn, B.S. (1975). Currencies Used for Denomination. In: The New Euromarkets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-02603-6_10

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