The document discusses the vulnerability of Asian countries like India, Indonesia, and Malaysia to currency and bond market fluctuations. It highlights the percentage of external debt in short-term liabilities and foreign ownership of local currency bonds. Despite vulnerabilities, these economies are not in immediate danger of a currency crisis due to sufficient reserves. The document suggests that stabilization of global markets and policy adjustments could provide relief.
doj/DataSet10/EFTA01449206.pdf
{"title":"Asia's currency laggards need policy clarity and some breathing room","document_date":"2013-08-23","document_type":"tabular","key_locations":["India","Indonesia","Malaysia"],"key_organizations":["Deutsche Bank AG"]}