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Showing posts with label EM Rundown: The 'Fed's-On-Hold Hootenanny'. Show all posts
Showing posts with label EM Rundown: The 'Fed's-On-Hold Hootenanny'. Show all posts

Monday, April 20, 2015

EM Rundown: The 'Fed's-On-Hold Hootenanny'

It's no secret that the value of emerging market currencies is heavily driven by global liquidity, in particular in countries with large current account deficits that depend on external financing. Past worries about US monetary policy gave rise to phrases like 'Taper Tantrum' and 'Rate Hike Hissy Fit' to describe

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