Acharya, Viral, Cecchetti, Stephen, De Gregorio, José, Kalemli-Ozcan, Sebnem, R. Lane, Philip, Panizza, Ugo, (2015), “Emerging economy corporate debt: The threat to financial stability”, Voxeu, 5 Οκτωβρίου
Emerging market firms have borrowed in foreign currency to take advantage of low interest rates. This column argues that when the Fed inevitably raises rates, such borrowing will be a threat to emerging economy financial systems. Yet so long as authorities use their existing prudential tools wisely, the risks appear manageable.
Σχετικές Αναρτήσεις
- Boughton, J. (2014) “Restoring financial stability with economic growth“, VoxEU Organisation, 15 Σεπτεμβρίου.
- Laeven, L. & Ratnovski, L. (2014) “Corporate governance of banks and financial stability“, VoxEU Organisation, 21 Ιουλίου.