In a startling inversion of the normal pattern, developing country reserves increased in 2020 crisis rather than draining. Why? 1.

In a startling inversion of the normal pattern, developing country reserves increased in 2020 crisis rather than draining. Why? 1. Borrowing 2. Sudden collapse in imports -> “improvement” in trade balance. Powerful results from @eurodad
d3n8a8pro7vhmx.cloudfront.net/eurodad/pages/… https://t.co/4Tq2CIwSmi

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