FRIDAY, 14 MAY 2021

 

CONNECT

Facebook Linked In Twitter
GAP Vassilopoulos
GloriaJeans_266x90px
IMH LTD

Kokkinos: Cyprus To Implement Green Pass, Safe Pass Will Not Be Digitalised

Savvas Perdios: City Of Dreams Casino A Turning Point For Cyprus' Tourism Industry

IMH LTD

Emerging Markets Then and Now

 

PREVIOUS

NEXT

 
 
 
Emerging Markets Then and Now

Emerging Markets Then and Now

In late January, emerging-market investors ran for the exits – again. The mere possibility of Fed tapering sent them scurrying in June 2013, while the actual start of tapering and weak economic data out of China triggered the most recent selloff. 

 

The MSCI Emerging Market Index is off nearly 6% since the beginning of 2014, and currencies from the South Korean won to the South African rand have plunged relative to the dollar.

 

But panic in these markets is nothing new. And the macroeconomic factors driving investor flight in 2014do share some similarities with those that sparked the Asian financial crisis in 1997. The dollar is strong, the yen is depreciating, and commodity prices are falling – none of which is particularly good for emerging market economies. 

 

Both in the late 90s and today, a period of prolonged low interest rates in the US prompted investors to buy stocks and bonds in emerging markets, only to see them reverse course when American real interest rates started rising again.

 

At the same time, some very important difference between now and 1997 lead Credit Suisse* to believe that the most recent events will not develop into a full-blown crisis. 

 

Using Credit Suisse as its source, The Financialist highlights what has gotten better in emerging economies since the Asian financial crisis, as well as what has taken a turn for the worse.

 

*Credit Suise’s coverage of global emerging markets covers: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Hong Kong, Hungary, India, Indoesia, Israel, Korea, Malaysia, Mexico, Philippines, Peru, Poland, Russia, Singapore, South Africa, Taiwan, Thailand, Turkey, Ukraine, and Venezuela. 

FROM AROUND GOLDNEWS

   

Cyprus’ National Recovery And Resilience Plan Auspicious And Realistic

Cyprus' National Recovery and Resilience Plan, the blueprint to absorb over €1 billion from the EU’s Recovery and Resilience Facility (RRF) is ...
   

Greece Is Preparing For A Tourist Influx - Is It Ready?

Greece will allow visitors from both Europe and elsewhere to travel to the country without the need to quarantine after their arrival. Also on May 14, COVID-19 ...
   

Kokkinos: Cyprus To Implement Green Pass, Safe Pass Will Not Be Digitalised

The Deputy Ministry of Research and Innovation has decided not to proceed with the digitalisation of the Safe Pass (Cyprus immunity certificate), but to ...
   

Savvas Perdios: City Of Dreams Casino A Turning Point For Cyprus' Tourism Industry

The integrated resort (IR) casino “City of Dreams” once completed will mark a turning point for Cyprus’ tourism industry, as it will create a ...
   

WiRE FS: Alex Michael Joins As Interim Chief Technology Officer

WiRE FS team is significantly strengthened with Alex Michael taking the position of Interim Chief Technology Officer (CTO). Alex will spearhead the ...
   

Lavrov: Russia Supports UNSG's Will To Resolve Cyprus Issue Through Political And Diplomatic Means

Russia`s Foreign Minister Sergey Lavrov said that his country supports UN Secretary General`s will to resolve Cyprus issue through political and diplomatic ...
   

EY Survey: Greater Tax Risk For Organizations Globally, In 2021 And Beyond

More than half (53%) of responding business tax leaders expect greater tax enforcement in the next three years, particularly as governments look to remedy ...
   

Republic of the Marshall Islands Updates its Yacht Code

The Republic of the Marshall Islands (RMI) Yacht Code (the “Code”) has been updated and amended making it more pragmatic than ever for modern and ...

HEADLINES

MOST POPULAR

Eurobank
Gold_10Years

IMH LTD