Asian debt crisis not imminent: Western

Apr 11, 2013

Asian fixed income has hit record levels of foreign ownership, but stickier offshore investors should preclude a 1997-style crash, says Western Asset's Lian Chia-Liang.

With a record amount of Asian debt in the hands of foreign investors – almost 40% of Indonesian and Malaysian sovereign debt is held offshore, for instance – some are concerned the region risks a repeat of the 1997 financial crisis.

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