Emerging market debt (EMD) is a term used to encompass bonds issued by less developed countries. It does not include borrowing from government, supranational organizations such as the IMF or private sources, though loans that are securitized and issued to the markets would be included. A broader discussion of all types of borrowing by developing countries exists at Developing countries' debt.
Read more about Emerging Market Debt: Issuance, History, Investing in EMD, Issuing Countries
Famous quotes containing the words emerging, market and/or debt:
“Adolescents swing from euphoric self-confidence and a kind of narcissistic strength in which they feel invulnerable and even immortal, to despair, self-emptiness, self-deprecation. At the same time they seem to see an emerging self that is unique and wonderful, they suffer an intense envy which tears narcissism into shreds, and makes other people’s qualities hit them like an attack of lasers.”
—Terri Apter (20th century)
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)