Sep
05
Contagion or Not, These Emerging Markets Hold Key to Selloff
By-
Brazil, Indonesia May Be Better Off Than Currencies Suggest
- Current Account Deficits Remain Key to Many Developing Nations
This year’s global emerging-market selloff has its roots in a slew of mini-routs as the era of easy-money came to an end. Consider Turkey, now paying the price for its refusal to follow orthodox monetary policy; Argentina, facing a crisis of confidence just four years of its last default; China, targeted in a trade war; and South Africa, the emerging-market proxy punished for crisis in any corner of the asset class…
Contagion or Not, These Emerging Markets Hold Key to Selloff