BIS statistics show surge in emerging market claims
Cross-border claims on emerging markets experienced a record pace of growth in the first quarter of 2013, according to statistics published yesterday in the Bank for International Settlements' (BIS) Quarterly Review.
Although overall cross-border claims are largely unchanged, a reduction in claims on advanced economies was offset by a rapid increase in interbank credit to emerging markets, with 85% of the funds going to China, Brazil and Russia. This pushed emerging markets' share of funding as
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