Mexican sovereign debt faces tighter conditions - SF Fed paper
Liquidity premiums reached record highs in pandemic while foreign holdings fell, researchers find
The Mexican government is facing tighter borrowing conditions to finance its Covid-19 response, according to research published by the Federal Reserve Bank of San Francisco.
Jens Christensen, Eric Fischer and Patrick Shultz analyse Mexico’s government borrowing conditions as a proxy for emerging markets economies. Mexico is a leading EME and typically makes up between 10–13% of EME bond indexes, they say.
“Without international support, the ability of emerging economies to weather this
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