Emerging Europe Shifts from Dollars to Euros for Credit

Last year saw euro-denominated credit overtake US-dollar denominated credit for emerging European economies, standing at EUR377bn by end-2019, according to data from the Bank for International Settlements (BIS). The growth of euro-denominated credit outside the euro area slowed by 6% overall, however.

Apr 30, 2020 // 10:30AM

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