Global Polarization and International Bond Market Premia
Did you think that the problem of modernization went away?
Daniel Munevar has just published a fascinating study on the international bond market debt of middle and low income countries. He has collated and made public data from Refinitiv on 549 outstanding sovereign bonds denominated in hard currencies with a nominal value of $691bn. He found that the vast bulk of the debt is denominated in dollars and placed …
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