---
title: Global Debt, Currency Mismatch, and the Spillovers of U.S. Monetary Policy
url: https://www.ml-quant.com/papers/ssrn/7541599/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-02
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7541599
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7541599
featured: 2026-10-02
citations: unknown
topic: Macro-Finance & Rates
---


# Global Debt, Currency Mismatch, and the Spillovers of U.S. Monetary Policy

US monetary tightening triggers larger currency depreciation and sovereign stress in emerging markets when global public debt is high and foreign-currency debt exposure is elevated.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7541599
- Identifier: SSRN 7541599
- Released: 2026-09-29
- First featured: Quant Letter No. 133 (2026-10-02): https://www.ml-quant.com/issues/2026-10-02/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Macro-Finance & Rates
- Authors: Okan Akarsu, Hatice Karahan

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