Net capital outflows from major emerging markets have picked up sharply over the past couple of weeks, driven by virus concerns, growing expectations that the Fed will begin tapering asset purchases this year as well as falls in commodity prices. But even if outflows persist, the macroeconomic fallout should be limited in most major EMs.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.