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That has left many people ogling local currency debt.
It downgraded China's local currency debt on April 9 by a notch.
Distress from foreign currency debt explained about 20percentt of the success of the far-right political group.
imprimatur, Hungary's short-term funding needs and high levels of foreign currency debt increase the risk of a financial crisis.
As a consequence, by 1989 the Soviets could no longer service their hard currency debt on time.
Immediately its euro debt would become foreign currency debt, to be serviced in weak and devalued new drachma.
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Governments owe less foreign-currency debt.
Standard & Poor's promptly downgraded Argentina's foreign-currency debt.
At the national level, governments could rule foreign-currency debt contracts without UDROPs unenforceable.
The point, of course, is that America doesn't have a lot of foreign-currency debt.
One catch may be the remaining foreign-currency debt, bonds issued by the finance ministry.
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