Your English writing platform
Discover LudwigSuggestions(2)
Exact(1)
In particular, there is a long-felt need for deeper local-currency bond markets.
Similar(57)
Last year, the main driver of returns for these funds, and for local-currency emerging-market debt in general, was the strength of the local currencies in relation to the dollar.
Unlike corporate-debt ratings, or sovereign ratings for foreign-currency debt, the entire rationale for local-currency sovereign ratings seems a bit moot.
Standard & Poor's downgraded its outlook for Hong Kong's local-currency credit rating to negative from stable on Thursday.
In the meantime, the local and European Union authorities are trying to create a more robust market for local-currency loans.
Starting Dec. 1, foreign institutions can buy local-currency A-shares for the first time.
"Local-currency corporates exist in Brazil, but the market isn't very deep," he said.
If a falling currency creates problems for firms, then the government can step in, by orchestrating bail-outs funded by local-currency denominated debt or by drawing on reserves to help manage the decline of the currency.
Only a few are allowed to take local-currency deposits and to make local-currency loans.
The new bilateral deals are meant to swap hard-currency reserves for local currencies, for renewable six-month periods.
He recently refloated his suggestion for a local currency, a Urals franc, to replace the battered rouble.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com