Governments in emerging markets have typically paid more to borrow in their local currencies than in dollars. Last year, the picture reversed, but Asian domestic yields are at best even with hard-currency yields.
WSJ.com: What's News Asia, Wall Street Journal: What's News Asia
Mon, 01/28/2019 - 10:06pm
Governments in emerging markets have typically paid more to borrow in their local currencies than in dollars. Last year, the picture reversed, but Asian domestic yields are at best even with hard-currency yields.