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    Risky Business in Emerging Markets

    Emerging markets have been taking a beating in 2014. As money rushes out of these economies and currencies depreciate, central banks in Turkey, South Africa, and Brazil have been forced to intervene. Much of the diagnosis for emerging-market troubles has been focused on the U.S. Federal Reserve’s taper. The argument … More

    Amid Woes, Emerging Markets Need More Economic Freedom

    Global markets are huffing and puffing and trying to blow the BRICs down. Some of the BRICs—Brazil, India, and China in particular, along with other emerging markets such as Turkey—are feeling the pinch as their economies weaken and currencies slide. This week, central bankers from Turkey and Brazil are considering … More

    Emerging Markets Have Caught a “Fed Cold”

    Stock prices and exchange rates in emerging markets such as India and Indonesia are taking a beating this week. The immediate cause is that the Federal Reserve just might reduce the gigantic amount of stimulus it’s been applying to the world economy. What’s really on display is the failure of … More