Global

The EM banks with the largest indebted sovereign exposures as ‘doom loop’ looms

  • Banks have been key financiers of pandemic-countering fiscal stimulus measures in emerging markets

  • Rising financing costs and spluttering global growth raises risk of a ‘doom loop’ scenario via the sovereign-bank nexus

  • EM banks with the greatest exposure to indebted sovereigns include those in Pakistan, Ghana, Egypt and India

Contributors
April 19th, 2022
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