We do not expect a re-run of the 2013 “taper tantrum”, in which EM assets went into a tailspin and some EM central banks were forced to hike policy rates. But even if there were a similar period of turmoil, the fallout for EMs would be less severe.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.