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Debt Buildup and Currency Vulnerability

其他書名	Evidence from Global Markets
出版	Asian Development Bank, 2020
URL	http://books.google.com.hk/books?id=uCUlzgEACAAJ&hl=&source=gbs_api

註釋"The study analyzes a panel dataset of 59 advanced and emerging markets. It finds that both private and public debt exacerbate currency vulnerability, though the evidence of a significant effect on currency depreciation pressure is more robust and consistent for private debt. The authors also find that excessive private debt buildup can be particularly harmful in emerging markets"--