Hong, Gee Hee; Oeking, Anne; Kang, Kenneth H.; Rhee, … - 2019
Asian countries have high demand for U.S. dollars and are sensitive to U.S. dollar funding costs. An important, but … debtor countries are, in general, unable to substitute smoothly to other domestic funding channels. Policies that promote … reliable alternative funding sources, such as long-term corporate bond market or stable long-term investors, including a …