Credit to emerging markets is at record highs and is likely to continue rising for the foreseeable future. Foreign banks have been lending less, but domestic banks and non-banks globally have increased their lending. It is hard to see how long investors can be this hungry for yield.
Credit to emerging markets is at record highs and is likely to continue rising for the foreseeable future. Foreign banks have been lending less, but domestic banks and non-banks globally have increased their lending. It is hard to see how long investors can be this hungry for yield.
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