Is there resilience in EM debt markets?
Kristin Ceva of Payden & Rygel
Trade disputes, dollar strength and extensive currency depreciation in Argentina and Turkey (both with large current account deficits) have weighed on emerging market (EM) sentiment in recent months.
In this environment, concerns have resurfaced regarding the external balances of emerging market countries, and potential vulnerabilities in repaying dollar-pay debt. While EMs feature select country-specific...
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