Bruno and Shin investigate EM firms’ dollar vulnerabilities

BIS paper highlights negative effects of US dollar strength on emerging market firms

Hyun Song Shin

Emerging market corporations tend to rack up dollar-denominated debts when the local currency is relatively strong, but then suffer the consequences when the local currency depreciates, Valentina Bruno and Hyun Song Shin find in new research.

The Bank for International Settlements (BIS) working paper presents the authors’ empirical study of the effects of dollar-denominated debts on non-financial firms in emerging markets, based on data from June 2014 to January 2016, a period of strengthening

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

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 individual account