$2 trillion debt boom leaves emerging-market companies, and banks, at risk at the first sign of trouble.
By John Glover, Bloomberg|June 30, 2014 at 07:30 AM|Originally published on Treasuryandrisk.Com
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Emerging-market companies that took on more than $2 trillion of foreign borrowing since 2008 are vulnerable to an evaporation of funding at the first sign of trouble, according to the Bank for International Settlements (BIS).