Debt Buildup and Currency Vulnerability: Evidence from Global Markets
| dc.contributor.author | Donghyun Park; Arief Ramayandi; Shu Tian | |
| dc.date.accessioned | 2021-10-05T15:06:12Z | |
| dc.date.available | 2021-10-05T15:06:12Z | |
| dc.date.issued | 2020-10 | |
| dc.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. | |
| dc.format.extent | 28 | |
| dc.identifier.isbn | N/A | |
| dc.identifier.isbn | N/A | |
| dc.identifier.issn | 2313-6537 | |
| dc.identifier.issn | 2313-6545 | |
| dc.identifier.uri | https://www.adb.org/publications/debt-buildup-currency-vulnerability | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14540/5730 | |
| dc.subject.other | Economics | |
| dc.subject.other | Finance sector development | |
| dc.subject.other | Financial markets and institutions | |
| dc.subject.other | Governance and public sector management | |
| dc.subject.other | Public financial management (budget) | |
| dc.title | Debt Buildup and Currency Vulnerability: Evidence from Global Markets | |
| local.publication.country | Regional - Asia and the Pacific |