AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Emerging Markets Debt Dynamics
This chapter explores the evolution of government debt in emerging markets, focusing on the shift from dollar-denominated to local currency bonds. It analyzes the unique economic challenges faced by various countries, with a specific look at Brazil and China, and the impact of U.S. economic policies on these markets. Additionally, it emphasizes the precarious balance between improvement and risk of defaults, particularly in the context of global financial stability and international support mechanisms.