A woman walks past electronic boards showing share index at a bank in Kuala Lumpur, Malaysia. Photo: AP A woman walks past electronic boards showing share index at a bank in Kuala Lumpur, Malaysia. Photo: AP
A woman walks past electronic boards showing share index at a bank in Kuala Lumpur, Malaysia. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

EM debt markets are both resilient and vulnerable

Countries with high levels of foreign participation in their domestic debt markets are more likely to face selling pressure when sentiment deteriorates

A woman walks past electronic boards showing share index at a bank in Kuala Lumpur, Malaysia. Photo: AP A woman walks past electronic boards showing share index at a bank in Kuala Lumpur, Malaysia. Photo: AP
A woman walks past electronic boards showing share index at a bank in Kuala Lumpur, Malaysia. Photo: AP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.