The Bank of International Settlements has warned that contrary to the reassuring words of “analysts” everywhere, emerging markets are vulnerable to a liquidity squeeze and it has identified the mechanism of why:Tighter global integration of markets increase risk of contagion.
MacroBusiness
BIS warns of emerging markets contagion
Houses and Holes
1 comment:
The Iron Mountain in Buenos Aires is burning down right now.
Supposedly 4 to 9 people have perished.
Supposedly the documents inside are for the Federal Bank of Argentina ...
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