Farmers plant paddy rice seedlings in central China’s Hunan province in May. Exposing emerging markets to unrestricted capital inflows could be likened to connecting small farms to massive irrigation pipelines to test the effects of a deluge. Photo: Xinhua
Anthony Rowley
Opinion

Opinion

The View by Anthony Rowley

Emerging markets currency crisis is the product of the global liquidity deluge

Anthony Rowley says it is time for an international review of the amount of liquidity flooding the global financial system and the ability of markets, particularly in developing countries, to withstand massive movements of capital

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Farmers plant paddy rice seedlings in central China’s Hunan province in May. Exposing emerging markets to unrestricted capital inflows could be likened to connecting small farms to massive irrigation pipelines to test the effects of a deluge. Photo: Xinhua
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