W/E: BIS says global debt may be understated by $13 trillion

Bank for International Settlements research published Sunday in its latest quarterly report

• Global debt may be under-reported by around $13 trillion
• The research says traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, which leads to the underreporting
• little is known about where the debt lies
• Added that its hard to assess the risk this "missing" debt poses

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