fbpx How Fragile are Emerging Markets? | Harvard Kennedy School

Authors:

  • Kenneth Rogoff

Excerpt

How Fragile are Emerging Markets? Kenneth Rogoff, February 6, 2014, Opinion. "Emerging-market equities and exchange rates are again under severe downward pressure, but are the underlying economies really as fragile as global traders seem to fear? The short answer, for a few, is probably “yes,” but for most, “not just yet.” For most countries, what we are seeing is a recalibration as investors incorporate the risk that China’s GDP might rise more slowly, the US Federal Reserve might start tightening monetary conditions more quickly, and policy backsliding in many countries might undermine potential growth..." Link verified June 19, 2014