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
The Iron Mountain in Buenos Aires is burning down right now.
ReplyDeleteSupposedly 4 to 9 people have perished.
Supposedly the documents inside are for the Federal Bank of Argentina ...