BIS data sheds light on complex shift in global liquidity
Global liquidity might be going into reverse for emerging markets
The Bank for International Settlements (BIS) has pointed to signs the world may be approaching a turning point in global liquidity. Digging into the figures reveals additional complexity.
Speaking in London on February 5, BIS general manager Jaime Caruana said the tightening of US monetary policy will likely squeeze emerging markets that have borrowed heavily in US dollars. The BIS's latest data on global liquidity, published the same day, shows US dollar credit to non-residents flattening out
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