- Two decades after the Asian crisis, emerging markets have high levels of corporate debt and especially more dollar denominated debt.
- This makes them quite vulnerable to external shocks to earnings, currency movements and changes in interest rates.
- On the whole though, we haven’t reached the dangers of two decades ago, but one shouldn’t get too comfortable with that.
How Dangerous Is Emerging Markets Dollar Debt?
July 17th, 2017 · No Comments
Tags: Financial crisis