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Emerging market trials persist, Ahead of the ECB podcast

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Commentary: Emerging market trials persist

By Gary Kleiman in Washington

Last year’s thrashing in all emerging market investment classes, with debt, equity and currencies in simultaneous decline for the first time in a decade, prompted reconsideration of allocation rationale into the next decade.

Crises in Argentina and Turkey in 2018 were in part a replay of 2013 Federal Reserve-induced ‘taper tantrum’, as retail foreign investors sold indiscriminately. Contagion may yet spread, but for now index performance will continue to be subdued without the spectre of uncontrolled crashes.

Read the full commentary on the website.

Podcast: Ahead of the ECB

Volker Wieland, managing director of the Frankfurt-based Institute for Monetary and Financial Stability and member of the German Council of Economic Experts, joins Marcin Stepan, deputy head of meetings at OMFIF. They discuss the key questions ahead of the European Central Bank monetary policy meeting on 24 January, which takes place against a backdrop of weak economic growth in the euro area and China, uncertainties in the US relating to escalating trade wars, and the threat of a looming global recession.

Listen to the recording, or search for OMFIF on your smartphone’s podcast app.

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