This paper examines how debt buildup is related to currency depreciation pressure. It highlights the importance of a debt surveillance framework that monitors both public and private debt buildup, especially in emerging markets.
This paper presents data on how flexible exchange rate regimes insulate emerging markets from external shocks. The findings are based on a study about whether or not flexible exchange rates can protect emerging markets from external shocks.
Evidence for the impact of international capital flows on the financial sector’s stability is mixed. This paper looks at the relationship between capital flows and financial stability in emerging economies.
The gradual moderation in growth currently underway in the People’s Republic of China presents both challenges and opportunities for developing Asia, while concerns over a sharp slowdown in the near term are exaggerated.