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Emerging Markets Financial Crisis in 2014 and 1997- the difference in 2014 is less contagion as investors look at individual countries
01/09/2009
The current account deficits are high in Thailand and Turkey, and this is coupled wth political uncertainty. Argentina faces high inflation at over 20%. Investors have focussed on Argentina and Turkey. Countries that failed to learn from the 1997 crisis such as Argentina, Turkey and Thailand, are seen in a different light from Mexico and Poland. India faces inflation of about 10%. Other countries affected are Russia, Brazil and South Africa. Most of the countries have flexible exchange rates in 2014 compared to fixed exchange rates in 1997, and higher dollar reserves in 2014 which helps cushion the effects of overseas borrowing. The effects on Europe and the U.S. in 2014 are seen as limited to how this affects the global economy.
Grouped Articles
Emerging-Market Slide Tests How Much Nations Learned From Past
Wall Street Journal 01.30.2014
Russia Prepared to Let Ruble Slide
Wall Street Journal 01.30.2014
Selloff's Spread to Europe Is Sign of Broad Fear
Wall Street Journal 01.31.2014
Economic Turbulence Chips at Support for Turkish Premier
Wall Street Journal 01.31.2014
Red Alert on Russia Is Premature
Wall Street Journal 02.03.2014
Brazil Tries to Borrow Its Way to Prosperity
Wall Street Journal 02.10.2014
Amar Bhidé: In Praise of the Beleaguered Euro
Wall Street Journal 05.07.2012
U.S. Recession Stymies Mexico's Growth for 2009
Wall Street Journal 01.09.2009
Russia Economy Worsens Even Before Sanctions Hit
New York Times 04.16.2014
Sluggish Economic Recovery Proves Resilient
Wall Street Journal 04.21.2014
Wall Street Journal 04.25.2014
Alarm Over Istanbul’s Building Boom
New York Times 05.20.2014
Competing Visions for Russia’s Economic Future
New York Times 05.22.2014
This Is Just a Date, Not a Marriage
Wall Street Journal 06.03.2014
Argentina Is in Default, and Also Maybe in Denial
New York Times 07.31.2014
Russia and Markets: The Power of Weakness
Wall Street Journal 08.12.2014
Markets Diverging in Emerging World
Wall Street Journal 10.01.2014
Russian Ruble Fall to Fresh Lows
Wall Street Journal 10.10.2014
India’s Inflation Fight Pays Early Dividend
Wall Street Journal 01.16.2015
Turkey’s economy: Saved by the well
Economist 01.18.2015
Monetary policy in India: The cycle turns
Economist 01.18.2015
Russia, Brazil Mistakes Show How Inflation Can Still Arise
Wall Street Journal 05.03.2015
Argentina’s New President Moves Swiftly to Shake Up the Economy
New York Times 12.27.2015
Argentina’s New President Moves Swiftly to Shake Up the Economy
New York Times 12.27.2015
South Africa Sees Fresh Start for Economy, With the Same Challenges
The New York Times 02.15.2018
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