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https://elibrary.tucl.edu.np/handle/123456789/5730| Title: | Debt Buildup and Currency Vulnerability: Evidence from Global Markets |
| Authors: | Donghyun Park; Arief Ramayandi; Shu Tian |
| Issue Date: | Oct-2020 |
| Description: | This paper examines how debt buildup is related to currency depreciation pressure. It highlights the importance of a debt surveillance framework that monitors both public and private debt buildup, especially in emerging markets. The study analyzes a panel dataset of 59 advanced and emerging markets. It finds that both private and public debt exacerbate currency vulnerability, though the evidence of a significant effect on currency depreciation pressure is more robust and consistent for private debt. The authors also find that excessive private debt buildup can be particularly harmful in emerging markets. |
| URI: | https://www.adb.org/publications/debt-buildup-currency-vulnerability https://elibrary.tucl.edu.np/handle/123456789/5730 |
| ISBN: | N/A N/A |
| ISSN: | 2313-6537 2313-6545 |
| Country: | Regional - Asia and the Pacific |
| Appears in Collections: | ADB Collections |
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