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Unformatted text preview: Foreign Bonds - bonds sold outside the country of the currency in which they are denominated Eurobonds – bonds sold by a country or entity using a different currency then their home currency $US as a World Currency 85% of all currency exchanges have the $US as half the transaction $ is investment currency in many capital markets $ is a reserve currency held by many central banks $ is a transaction currency in many international commodity markets $ is an invoice currency in many contracts $ is an intervention currency employed by monetary authorities in market operations to influence their own exchange rates Global Equity Markets Foreign Stocks Euroequity offering Global equity offering World Market Capitalization...
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- Spring '08
- Exchange Rate, Foreign exchange market, foreign exchange markets, United States dollar, World currency