Emerging Markets Strategy

Most common Emerging Markets questions

Date: 2016-06-08 - Prepared by: The GISI

For the first time ever, most EM economies have floating currencies, which have acted as powerful economic shock absorbers since the 2008 crisis. This is a simple but important point. Unemployment rates no longer have to soar into double digits causing social unrest, as they did in all previous recessions (when currencies were pegged). People in all countries always prefer currency devaluation to unemployment. This is a universal truth many economists ...

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