External Solvency, Dollarisation and Investment Grade: Towards a Virtuous Circle?
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Due to the substantial rise in the share of Emerging Markets (EM) in foreigncurrency debt markets during the nineties, country risk in EM has become an issue of increasing concern for both new bond issues and rescheduled non-performing loans. However, as recent episodes show, financial volatility has tended to leave those countries more prone to...



