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An illustration of Soros-style Reflexivity
Weekly investor research
07 May 2019
Under which circumstances can global financial instability engender genuine economic hardship in EM countries? Argentina’s recent woes provide an excellent illustration of so-called Soros-style reflexivity. Fortunately, not many other EM countries share Argentina’s structural weaknesses, which include low inflation-fighting credibility and a poorly developed and largely dysfunctional domestic institutional investor base.