Eurobond Market: Creation and Expansion, 1963–1990s

1. Autostrade issues widely recognized first Eurobond

   Jul 1, 1963Labels: Autostrade, Eurobond

   • Euromoney

2. U.S. proposes Interest Equalization Tax

   Jul 18, 1963Labels: John F, Interest Equalization

   • US Historian

3. U.S. enacts Interest Equalization Tax

   Sep 2, 1964Labels: Interest Equalization, United States

   • US Historian
   • CIA Memo

4. Euroclear pilot begins to ease Eurobond settlement

   Dec 1, 1968Labels: Euroclear, Morgan Guaranty

   • Euroclear

5. Bond dealers create AIBD to standardize market practice

   Feb 1, 1969Labels: AIBD, Zurich

   • ICMA
   • Walker Draft

6. Eurobond market surges in mid-1960s

   Dec 31, 1969Labels: Eurobond market, United States

   • CIA Memo

7. Cedel founded in Luxembourg as Euroclear competitor

   Sep 28, 1970Labels: Cedel, Luxembourg

   • Euroclear
   • Cedel

8. Oil shock drives “petrodollar” recycling through global finance

   Oct 1, 1973Labels: Oil shock, Petrodollars

   • IMF Exhibit
   • CFR Basel

9. Basel Committee formed after cross-border banking disruptions

   Dec 31, 1974Labels: Basel Committee, Central banks

   • BIS History

10. Basel Concordat sets home–host supervision principles

    Jan 1, 1975Labels: Basel Concordat, Bank supervision

    • BIS History
    • BIS Speech

11. IPMA formed to guide Eurobond primary issuance practices

    Jan 1, 1984Labels: IPMA, International banks

    • ICMA

12. London “Big Bang” deregulation accelerates market globalization

    Oct 27, 1986Labels: Big Bang, London

    • Big Bang

13. EU adopts directive to liberalize capital movements

    Jun 24, 1988Labels: Directive 88, European Community

    • EUR Lex

14. EU capital liberalization takes full effect

    Jul 1, 1990Labels: EU liberalization, European Community

    • EUR Lex