Beyond a handful of economies in Emerging Europe, the direct links between Greece and the rest of the emerging world are limited. What matters for most EMs is not so much the crisis in Greece itself, but whether this triggers contagion and large-scale financial dislocation in the wider euro-zone economy. Were this to happen, the fallout for EMs would be more substantial than the onset of Fed tightening.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.