People look at a currency exchange board in Buenos Aires' financial district in Argentina on August 31. Difficulties for emerging markets have been exacerbated by Argentina, where the currency is plunging and the threat of another recession looms, despite a US$50 billion support package from the International Monetary Fund. Photo: Reuters
Patrik Schowitz
Opinion

Opinion

Macroscope by Patrik Schowitz

Contagion fear: emerging markets’ currency crises spook investors far and wide. How will Asia fare?

Patrik Schowitz says that as bad as the news has been for emerging markets, particularly Turkey, Argentina and South Africa, there’s little risk of a total meltdown among Asia’s emerging economies, where fundamentals look sound

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People look at a currency exchange board in Buenos Aires' financial district in Argentina on August 31. Difficulties for emerging markets have been exacerbated by Argentina, where the currency is plunging and the threat of another recession looms, despite a US$50 billion support package from the International Monetary Fund. Photo: Reuters
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