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A Dilemma Of The Fed’s Own Making | Danielle DiMartino Booth & Joseph Wang
Forward Guidance
The Dollar and Emerging Market Debt
There are more than twice as many emerging market countries with debt trading as if it were on the brink of default than there were after the pandemic hit. The dollar is this crazy global currency where people from all over the world borrow in dollars. When the dollar strengthens these emerging markets, they basically, their debt becomes bigger.
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