Ollivaud, Patrice; Rusticelli, Elena; Schwellnus, Cyrille - Economics Department, Organisation de Coopération et … - 2015
associated with large changes in trade balances and despite the polarisation of international investment positions large currency … countries, including emerging market economies, have reduced net aggregate foreign currency exposures, thereby limiting direct … increases in foreign currency borrowing for a number of emerging market economies in the wake of the global crisis of 2008 …