Off-shore lending in US dollars has soared to $9 trillion and poses a growing risk to both emerging markets and the world's financial stability, the Bank for International Settlements has warned.The Telegraph
Dollar surge endangers global debt edifice, warns BIS
Ambrose Evans-Pritchard
If they hedge by selling their currency for USDs then it doesn't matter.... if their USD loans decrease in value then their long USD position offsets that...
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