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Time to take the chill pill
Weekly investor research
27 August 2013
This week we explain why some investors have recently pulled money from Emerging Markets. We explain why the current
volatility does not change the outlook for currencies and why there is no new Asian crisis. We describe the Emerging Markets’
formidable defences and why they have barely yet been used. We explain what happens if developed market investors leave
Emerging Markets. And, more importantly, vice versa. Finally, we explain what tapering does for rates in the US and
developed and Emerging Markets economies.