QUESTION: Hello Martin … I follow emerging markets closely and one thing I note is that the size of the sovereign forex-denominated debt burdens are quite small relative to GDP except in the case of Argentina (48%). Everybody else, including Turkey and Indonesia) is …………………..
Emerging Market Debt Crisis – A Reality Check
‚Der Fehler des Kapitalismus besteht in der Ungleichverteilung des Wohlstands, der Fehler des Sozialismus besteht in der Gleichverteilung des Elends.‘
— Winston Churchill