Carey, Mark; Nini, Greg - Federal Reserve Board (Board of Governors of the … - 2004
.S.
Keywords: loans, corporate debt, home bias, market integration, globalization
JEL Codes: G30, G20, G15
* Staff … financial integration. One strand of this
literature, including Flood and Rose (2003), tests whether the law of one price …
firms issue 19 percent of their loans in the European market, which is surprising given the tight
integration of U.S. and …