Sri Lanka’s Depreciating Rupee: Avoiding a Money-Go-Round

Unknown October 16, 2018

Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the United States. As US monetary policy becomes tighter and the dollar strengthens, emerging economies like Sri Lanka are hit by twin blows from […]