End of easy financing puts one-third of EM corporate debt at risk, IMF warns
Over the past six months, financial stability has broadly improved in advanced economies and has deteriorated in emerging economies, according to the International Monetary Fund's (IMF) latest Global Financial Stability Report (GFSR).
Easy financial conditions, due to low interest rates in advanced economies, have meant many economies rely on "liquidity crutches", the report said. The IMF said it is time for financial systems to move beyond this dependence on easy money and transition to an
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