EM sovereigns issued a lot of debt to get through 2020 crisis. It was absorbed into domestic balance sheets, mainly of banks -> A sovereign-bank “doom loop” could emerge
in a capital-flow sudden stop Maurk Obstfeld fears.
kansascityfed.org/documents/8343… https://t.co/bswjlBDRpS
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,…