Ebook: Bonds without Borders: A History of the Eurobond Market

Bonds without Borders: A History of the Eurobond Market provides a big-picture understanding of the birth and growth of the world's largest international market for capital—Eurobonds. International capital investment is a hot topic and this unique book is an essential resource for anyone interested in understanding cross-border bonds. The narrative starts at the very beginning, with the origin of international debt financing in medieval Italian city-states. Tracing cross-border debt through the ages, Bonds without Borders covers the financing of the First World War, and the post – Marshall Plan innovation of Eurodollar bond issues.

As the 50^th anniversary of the Eurobond approaches, this successful financial instrument continues to dominate cross-border debt financing. Bonds without Borders looks back on how innovation in the Eurobond market has been able to overcome the challenges of Keynesian economics, oil crises, the Reagan and Thatcher eras, and even the current financial crisis. Looking to the future, global finance is only becoming more important as international economic events impact the world. This book provides fascinating insight into the path we have taken over the past five decades and the road to the future.

• The first ever full history of the Eurobond market
• Exclusive insights from the archives of the International Capital Market Association (ICMA)
• A clear look at how well-developed financial products can withstand volatile economic and political environments
• Historical perspective on the current debt reduction versus growth debate

Written by ICMA advisor Chris O'Malley, Bonds without Borders is backed by the Eurobond industry and is full of expert insights that are simply not available elsewhere. An absorbing read for anyone with an interest in Eurobonds or cross-border capital investment.