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
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…