Asian Debt Defaults to Rise as Currencies Weaken, Liquidity Tightens… Satyajit Das: “The World Will Pay for Not Dealing With Debt”
Asian Debt Defaults to Rise as Currencies Weaken, Liquidity Tightens China, India cited as main spots to watch for more nonpayments Shadow banking crackdown, rising rates hurting weak borrowers A growing chorus of observers expect debt defaults in Asia will spread as weakening currencies and tighter liquidity leave riskier borrowers with higher refinancing costs. Rising … Read more