Emerging economy corporate debt: The threat to financial stability
Viral Acharya, Stephen Cecchetti, José De Gregorio, Sebnem Kalemli-Ozcan, Philip R. Lane, Ugo Panizza Emerging market firms have borrowed in foreign currency to take advantage of low interest rates October 5, 2015: This column argues that when the Fed inevitably raises rates, such borrowing will be a threat to emerging economy financial systems. Yet so...
