G3 interest rates are currently at historical lows. As a result, the outlook for emerging debt canno...
G3 interest rates are currently at historical lows. As a result, the outlook for emerging debt cannot be judged independently. It is expected that if the Fed Funds rate rises 200bp to 3% over the period of the next 9-12 months, this level would still be lower than what the mean emerging economies had to live with through the 1990s. Fundamentally, emerging countries are now more strongly positioned compared to 1994, 1997 or 1998, when emerging countries experienced severe crises. The balance of payment position of the emerging economies is currently in current account and balance of payme...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes