“…More recent papers on the structure of bond markets that incorporate information on the currency denomination of bonds includeDu and Schreger (2016),Hale and Spiegel (2012) and Hale, Jones and Spiegel (2017), among others.2 The IMF has recently started to report aggregate, but not bilateral, data on currency composition in their CPIS dataset. For an analysis, seeGalstyan, Mehigan and Mercado (2017).…”