Are Global Commodity Prices Responsible for the Current Crises in Emerging Markets?*

Jul 12th 2022, C.P. Chandrasekhar and Jayati Ghosh

Food and fuel price increases have wreaked a lot of damage and generated inflationary pressures in many economies. However, the current debt problems of so many developing countries cannot be blamed on these higher prices.

* This article was originally published in the Business Line on July 11, 2022.


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