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| Foreign funding of infrastructure causes currency risk Second, infrastructure developments mostly comprise local currency costs both for capital expenditure and operations and, if the public pays for the ...
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| Argentina, Turkey, Indonesia – why it's too early to speak of contagion in emerging markets Turkey, Indonesia and Argentina have all seen their currencies experience huge drops in recent months. Similarly, stocks in India, South Africa, ...
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| This is the impact of the home currency bias Almost all owners of foreign bonds hold that debt in their own currencies, rather than in the currency of the nation where the debt was issued.
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