Emerging Markets and Global Liquidity

Emerging Markets – Update

http://www.economist.com/news/leaders/21595454-there-no-reason-broad-emerging-market-crisis-nervous-investors-could-yet-cause

A Fact Worth Remembering –

“As a group, the emerging economies are actually net exporters of capital to the rest of the world. Even as they have attracted large private capital inflows, their central banks have engineered an even greater capital outflow by accumulating big foreign-exchange reserves. They smoked foreign capital but they did not inhale, as Martin Wolf of the Financial Times once put it.”

http://www.economist.com/news/finance-and-economics/21595485-developing-economies-struggle-cope-new-world-locus-extremity

Rajan on Recent Turmoil