Why Argentine orthodoxy has worked no better than Turkish iconoclasm
Contagion Effect and Confidence Crisis
“… while the asset class may offer value over the long haul, investors will sell relatively safe holdings to cover losses in more vulnerable markets or, worse, treat all emerging markets the same and sell indiscriminately. A herd mentality has taken over, meaning no matter what the individual risks are in some countries, investors who choose to buy run the risk of being trampled”.
Foreign Debt Holdings and Currency Market Volatility
www.bloomberg.com/view/articles/2018-09-06/why-russia-should-buy-back-its-debt
Contrarian Perspective:
Harness the Power of Emerging Markets