
Emerging Markets’ Hidden Debt Risk
May 20, 2020 , et al. assess the potential pandemic-related financial damage resulting from unhedged foreign-currency borrowing.
Damien Puy is an economist at the IMF.
May 20, 2020 , et al. assess the potential pandemic-related financial damage resulting from unhedged foreign-currency borrowing.
After a gradual decade-long democratization process, Myanmar’s military seized power again in February and is waging a ruthless crackdown against unarmed civilian protesters. A major escalation of the ongoing turmoil – civil war is a growing possibility – would have implications far beyond the country’s borders.