The Home Bias Issued Bonds

Companies have flexibility to issue bons in different currencies sort of mitigate the home bias issue. It's only the largest firms that get to issue bonds in multiple currences. Even a firm that in it's quite small doesn't issue in any other currency, but the dollar gets about the same amount of participation from foreigners as the largest firms. The rest of the world is perfectly happy to hold dollar bonds. And all firms in the us Isss dollar bonds. You find this is cut off to not be present in the us. A it's interesting now to understand what the cost and benefits are,. you need to take atand on something that we haven't estimates yet.