Template-Type: ReDIF-Article 1.0
Author-Name: Stefan Avdjiev
Author-Name: Patrick McGuire
Author-Name: Goetz von Peter
Title: International dimensions of EME corporate debt
Abstract: 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.
Journal: BIS Quarterly Review
File-URL: http://www.bis.org/publ/qtrpdf/r_qt2006b.pdf
File-Format: Application/pdf
File-URL: http://www.bis.org/publ/qtrpdf/r_qt2006b.htm
File-Format: text/html
Year: 2020
Month: June
Classification-JEL: F34, F65
Handle: RePEc:bis:bisqtr:2006b