Emerging markets: navigating uncharted territories

Tuesday 10 July 2018

Research / Market

  • A more challenging global financial environment is putting pressure on EM risky assets with particular impact in some segments (Local Currency)
  • EM Markets are still very dependent not only on global financial conditions but even on global demand.
  • EM Monetary Policy is shifting towards a tighter stance further penalising domestic economic cycles
  • External vulnerability has reduced in the years but the conditions are very heterogeneous among different countries
  • Three cases of vulnerability: Brazil, Turkey and Argentina

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