Are We Headed Toward Another 1998-Style Currency Crisis?

2018-6-15 03:56

If you read the financial headlines, there is a battle brewing between the Emerging Markets (EM) and a strengthening US dollar. The standard narrative is that the US Federal Reserve is hiking interest rates and causing the dollar to strengthen.

Yield-hungry foreign investors who piled into EM (including Indian) debt and equities are now fleeing. This […].

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