If a shock were to hit Brazil, India, Indonesia – or any other emerging market country – tomorrow, how would investors react? Would asset values adjust smoothly, amid an explosion of trading flows? Or would markets instead freeze up, as liquidity evaporated?
如果明天巴西、印度、印尼或其他新兴市场国家遭受冲击，投资者将会如何反应？是在交易量激增的情况下，实现资产价值的平稳调整？还是市场会随着流动性蒸发而陷入停滞？
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