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Special Feature of the BIS Quarterly Review, September 2021 – xxxxxxxxxxxxxxxxxxxxx Debt securities markets have grown globally. Exploring the BIS international debt securities statistics, we find that the offshore affiliates of non-financial corporates (NFCs) have played an important role since the Great Financial Crisis. …

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Seven decades of international banking

Special Feature of the BIS Quarterly Review, September 2021 – xxxxxxxxxxxxxxxxxxxxx Debt securities markets have grown globally. Exploring the BIS international debt securities statistics,