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West pushing “valueless” state debt as policy: Ashmore

Joe Marsh
But this approach by developed-country governments is allowing emerging-market banks to take the lead in servicing investors in their local debt markets, argues Jan Dehn.
West pushing “valueless” state debt as policy: Ashmore

Western governments are purposefully seeking to get institutions to buy their “valueless” bonds – rather than those of less-indebted emerging markets – by introducing rules such as Basel III and Solvency II, says Jan Dehn, co-head of research at fund house Ashmore.

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