EM have a lot of dollar denominated debt on balance sheet. But also dollar assets -> it is the net position that it is most informative of currency risk. Even more so relative to exports. Big reserves -> positive cushion.
voxeu.org/article/global… https://t.co/LfDlSdC9hK
It makes little sense for EU member states to complain about inadequate vaccine strategy if they are not actually getting
February 25, 2021
It makes little sense for EU member states to complain about inadequate vaccine strategy if they are not actually getting the shots they do have