The Ukraine war’s impact on developing countries
Dollar & Sense: The Brookings Trade Podcast
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Do You See Evidence This Year of Capital Fleeing Even the Well Managed Developing Countries?
Russia has a fairly significant amount of outstanding foreign currency bonds that have either been issued by the russian governments o sovereign debt. It takes a little time for these things to play out, but there's a high risk of default in international markets. Do we see evidence this year of capital leaving even the well managed developing countries? Not too much, david, but this is a concern. The thing that we worry about, of course, is the lack of information about some of these connections and so on. That's the thing that would really surprise us.
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