External Debt
A countrys total debt owed to non-resident creditors, including sovereign, corporate, and household borrowings. External debt is particularly risky when denominated in foreign currency (creating currency mismatch on borrower balance sheets) and when concentrated in short maturities (requiring continuous rollover). Standard vulnerability indicators include external debt as a percentage of GDP, the share denominated in foreign currency, and the share maturing within 12 months relative to foreign-exchange reserves.
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Related terms
10Y Treasury · Altman Z-Score · Asset Sensitivity · Basel III · Bond ETF · Bretton Woods
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