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Central banker warns of debt crisis and lack of tools to cope

Given EM’s increased dependency on FX debt, the world is in dire of need of the restructuring tools to deal with the potential fallout from rate tightening, Bank of Thailand chief warns.
Concern: Veerathai Santiprabhob

The governor of the Bank of Thailand has laid out his fears higher interest rate will expose large swathes of the emerging markets to a debt crisis.

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