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This report provides an overview of the challenges and considerations involved in collecting comprehensive data on international debt market activity. The authors describe how to gather data on primary market issuance, secondary market pricing, and firms' balance sheets, as well as how to collect financial statement data. They argue that the choices made in collecting this information can have significant consequences for the measurement of key credit market outcomes. The report is intended to stimulate discussion and elicit comments, and the views expressed are those of the authors and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.
