Search

Emerging market debt trouble? Debt surge weakens resilience

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<title>Emerging market debt trouble? Debt surge weakens resilience</title>
</titleInfo>
<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20190014694">
<namePart>Cabral, Caroline</namePart>
<nameIdentifier>MAPA20190014694</nameIdentifier>
</name>
<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20210031304">
<namePart>Meyer, Jake</namePart>
<nameIdentifier>MAPA20210031304</nameIdentifier>
</name>
<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20170013402">
<namePart>Swiss Re Institute</namePart>
<nameIdentifier>MAPA20170013402</nameIdentifier>
</name>
<typeOfResource>text</typeOfResource>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">deu</placeTerm>
</place>
<issuance>monographic</issuance>
<place>
<placeTerm type="text">Zurich</placeTerm>
</place>
<publisher>Swiss Re Institute</publisher>
<dateIssued>2021</dateIssued>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
<extent>2 p.</extent>
</physicalDescription>
<abstract displayLabel="Summary">Emerging markets' sovereign debt is at the highest level for a century after the unprecedented fiscal stimulus to overcome the COVID-19 crisis. The rise in debt weakens sovereign credit ratings as well as heightening economic, political and currency risks, reducing countries' economic resilience. Insurance markets in these countries are particularly exposed to lower insurance demand and weaker investment returns should global financial market sentiment go south. To keep risks in check, recreating emerging markets' fiscal space is key to strengthen resilience.</abstract>
<note type="statement of responsibility">Caroline Cabral, Jake Meyer</note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080546915">
<topic>Economía</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586850">
<topic>Política económica</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080591922">
<topic>Mercados emergentes</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080600648">
<topic>Crecimiento económico</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20200005599">
<topic>COVID-19</topic>
</subject>
<classification authority="">921</classification>
<relatedItem type="series">
<titleInfo>
<title>Economic insights</title>
<partNumber>Issue20/2021</partNumber>
</titleInfo>
</relatedItem>
<relatedItem type="series" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20190002226">
<titleInfo>
<title>Economic Insights</title>
</titleInfo>
</relatedItem>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">210916</recordCreationDate>
<recordChangeDate encoding="iso8601">20210916120411.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20210026935</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>