Economics, Econometrics and Finance
8 years ago

Local currency bond markets reduce global financial crises risks in emerging economies.

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Global Financial Stability and Local Currency Bond Markets
John D. Burger, Francis E. Warnock, Veronica Cacdac Warnock

Paper Summary

Local currency bond markets have been growing, especially in emerging economies, reducing reliance on foreign currency debt. Countries with investor-friendly policies attract more international borrowing in their own currency.

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