De-dollarization | Changing nexus in commodity prices?
A recent BIS paper looks at the change in correlation between commodity prices and the US dollar. We evaluate whether this shift in paradigm is temporary or permanent.
Seeds of the next financial crisis – EM dollar borrowing
Dollar bond issuance by non-US corporates has dominated forex borrowing since 2008. In many EMs, both leverage and currency mismatches have increased. Both increase the risk of corporate insolvencies. And they create new and growing threats to the balance sheets of local b… Become a member to read the rest of this article Username […]