After March panic, IG EM countries issued $119bn worth of fx-denominated overseas debt in the year to mid-September > $114bn

After March panic, IG EM countries issued $119bn worth of fx-denominated overseas debt in the year to mid-September > $114bn in 2019. $47bn domestic v. $33bn 2019. BUT market is differentiating China & S Korea v. Other “EM” -> categories don’t make sense.
ft.com/content/eaaa20… https://t.co/JO6ACnUJJ4

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