Local currency bond markets risks lower
Exposure to currency depreciation risk has declined in most emerging market economies, according to a report on "Financial stability and local bond markets" published on 9 July by the Committee on the Global Financial System.
"Comprehensive debt data collected in the survey confirm that aggregate foreign currency mismatches have declined in all major regions and in most [emerging market economies]," the report explained.
It said, "The analysis in this report shows that this mainly reflected
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