There have recently been few relationships which are more reliable than the tight correlation between the level of the Nikkei and the yen/dollar exchange rate. We are wary of simply extrapolating a...

One reason for the current nervousness in emerging markets (EMs) is of course the Fed's decision to begin tapering its asset purchases. However, suggestions that EM equities will inevitably struggle...

Although some currencies have fallen sharply this month, it still does not seem right to talk about a new financial crisis sweeping across all emerging markets (EMs). What’s more, the economic...

The sell-off in emerging market (EM) assets following the Fed’s decision to taper its asset purchases in December has prompted comparisons with last summer’s turmoil. But while the latest data from...