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External debt sheds light on drivers of exchange rate fluctuations


  • J. Scott Davis


During a financial panic, a major driver of exchange rate fluctuations is a country?s amount of external debt, or funds borrowed from foreign lenders. However, not all debt has the same impact on rate movements.

Suggested Citation

  • J. Scott Davis, 2015. "External debt sheds light on drivers of exchange rate fluctuations," Economic Letter, Federal Reserve Bank of Dallas, vol. 10(4), pages 1-4, April.
  • Handle: RePEc:fip:feddel:00020

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