Emerging Markets’ Hidden Debt Risk

By Mitali Das, Şebnem Kalemli-Özcan, Damien Puy, and Liliana Varela  WASHINGTON, DC/LONDON – Stark warnings about the COVID-19 shock’s potentially devastating effects on emerging markets (EMs) have become ubiquitous. With the pandemic engulfing ever more countries, EMs face a mass exit by foreign investors seeking safe assets. As a result, capital outflows and currency depreciations […]

The post Emerging Markets’ Hidden Debt Risk appeared first on East African Business Week.

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