Fiscal deficits in the big emerging economies are largely being financed domestically (with domestic debt bought by domestic investors)
Useful (and BoP consistent) story from @markets
1/x https://www.bloomberg.com/news/articles/2020-08-24/massive-borrowing-sparks-rare-divergence-in-indonesia-bonds-fx?srnd=fixed-income">https://www.bloomberg.com/news/arti...
Useful (and BoP consistent) story from @markets
1/x https://www.bloomberg.com/news/articles/2020-08-24/massive-borrowing-sparks-rare-divergence-in-indonesia-bonds-fx?srnd=fixed-income">https://www.bloomberg.com/news/arti...