Hidden Debt Burden (Reinhart)

The hidden debt burden of emerging markets by Carmen Reinhart published by Project Syndicate (10/2015). “In short, though emerging economies’ debts seem largely moderate by historic standards, it seems likely that they are being underestimated, perhaps by a large margin. Is so, the magnitude of the ongoing reversal in capital flows that emerging economies are experiencing may be larger than is generally believed – potentially large enough to trigger a crisis…”

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