Title: THE EUROBOND AND CAPITAL MARKET INTEGRATION.
Authors: MENDELSON, MORRIS
Abstract: The Eurobond is an international security floated and traded in an international market. It is consequently natural to inquire into the potency and limitation of the Eurobond market as an integrative force on the financial scene. This paper does so. The Eurobond market and its relation to the Eurodollar market are described briefly in parts I and II respectively. Part III examines the confluence of yields. The limitations of integration are appraised in the two sections that follow. The first of these deals with legal impediments to integration, and the second with the structural character of the securities industry which impede it.
Subjects: EUROBOND market; INTERNATIONAL markets; INTERNATIONAL finance; CAPITAL market; BONDS (Finance); EUROPEAN Economic Community
Publication: Journal of Finance (Wiley-Blackwell), 1972, Vol 27, Issue 1, p110
ISSN: 0022-1082
Publication type: Academic Journal
DOI: 10.2307/2978511

THE EUROBOND AND CAPITAL MARKET INTEGRATION.

MENDELSON, MORRIS