BIS warns of risks related to dollar-denominated corporate debt in EMs

borio-claudio
Claudio Borio

A growing share of dollar-denominated corporate bonds issued in emerging markets is being bought up by Western asset managers, bracing local companies for a "major impact" if herding behaviour causes a sudden sell-off, Bank for International Settlements (BIS) head of research Hyun Shin has warned.

The issuance of debt securities by non-financial corporations has soared after the financial crisis as capital markets are increasingly replacing banks as financial intermediaries around the world – a

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: