Daily Archives: August 23, 2013

Emerging markets have been pummelled since May when talk of the US Federal Reserve reducing its asset purchase programme began. Worries that the end of cheap money would raise borrowing costs and reverse the massive inflows that emerging markets had enjoyed since western central banks introduced extraordinary measures in 2009, has taken its toll particularly on markets that suffer from current account deficits. Central banks of emerging markets have started to act to shore up their currencies and confidence, but how do these economies stack up against each other in terms of economic health, and which ones are more vulnerable?