All is not well in the world of emerging markets. For the third time in little over a year, the asset class has been shaken by rapid falls in currencies and equity prices. The “taper tantrum” – the reaction to a promised rise in US interest rates – has returned.
新兴市场不尽乐观。才一年多点时间,新兴市场这一资产类别已第三次遭遇汇率和股价迅速下跌。“缩减恐慌”(taper tantrum)——对美国利率料将上升的恐惧——又回来了。
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