DESPITE fears of global contagion from the US housing market collapse, there is little evidence that emerging market financial institutions have any meaningful exposure to the problem, according to Nicholas Field, economist & strategist at Schroders.
Field explained that the world of proprietary trading desks and in-house hedge funds is “largely alien” to emerging banking, while broader economic contagion is also limited. “The first obvious point...
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From 6 April 2019