OPINION

Are emerging markets ready for a financial crisis?

News, Satyajit Das, Published on 27/08/2018

» Over the past decade, a lot of capital has flowed into emerging markets thanks in part to excessive liquidity in advanced economies. This money has often found its way into risky or suspect investment structures. Should a crisis strike -- say, contagion from Turkey -- investors in these markets will be exposed to risks that they simply aren't prepared for.