Published Journal of Money, Credit and Banking Online 8 Jul 2025 Published Sep 2026Monetary and Macroprudential Policies under Dollar-Denominated Foreign DebtHidehiko MatsumotoEmerging economies have rapidly accumulated foreign-currency (mostly dollar) debt — the dollar share of 14 emerging economies' foreign debt rose from 75% in 2010 to 81% in 2018. Such debt is dangerous …