ABS markets influential on composition of international debt markets: ECB report
A European Central Bank (ECB) report published on Friday examines the impact on asset-backed securities on the currency composition of the stock of international debt.
The paper, which is included in the ECB's report on the international role of the euro, sheds light on the euro's rise and subsequent decline in prominence in international debt securities. Before its collapse in the wake of the global crisis, the ABS segment had grown to be one of the most prominent segments in the international
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