International Dimensions of Eme Corporate Debt
13 Pages Posted: 12 Jun 2020
Date Written: June 3, 2020
International credit can be fickle and subject to sudden stops during periods of global economic stress. Non-financial corporate borrowers that rely on credit from abroad are vulnerable to reversals in capital flows. Similarly, corporates that borrow in foreign currency may face problems rolling over their debt when the local currency depreciates or global dollar funding conditions tighten. This feature draws on several BIS data sets to examine corporates' external and foreign currency debt for key emerging market economies on the eve of the Covid-19 outbreak.
JEL Classification: F34, F65
Suggested Citation: Suggested Citation