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A new IMF study sheds light on why some countries are particularly vulnerable, given that a large portion of their debt is in the hands of foreigners. The study underscores that a number of countries are particularly vulnerable, including Argentina, Egypt, Poland and Ukraine. The IMF study estimates total government debt of the major 24 EMs to be $9.6 trillion at end-June 2013. Of this amount, government debt held by foreign institutions was around $1.4 trillion or 14.6 per cent of the total government Read more [...]