The abundance of dollars at record-low cost has been a stable feature of the international economy for little under a decade. Emerging markets everywhere, from Eastern Europe to Turkey, and from Hong Kong to Qatar are exposed to dollarized debt and pegged currencies, which may now become more expensive.
Emerging markets everywhere, from Eastern Europe to Turkey, and from Hong Kong to Qatar are exposed to dollarized debt and pegged currencies, which may now become more expensive.
The same probl...


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