Actually, a lot of economic analysis coming out of BB is simply reinforces a lot of US dogma. Ever seen " EM debt increased by 20 trillion says IMF"? Oh yes, 17,5 tril of which is in local currency. And is not just China, Lat Am. The difference is that China is the league of "my currency is your problem,
Data to support the above argument? Try BIS, but here is some.
Not the EM debt problem you are looking for. JP Morgan with pesky facts.
