" The prospect of a potential recession in both the United States and
Europe has recently increased, driving a sharp reduction in global
risk appetite. Traditionally, a slowdown in developed countries - and
a decline in risk appetite - have had an adverse impact on emerging
economies and their asset values. However, in the aftermath of the
2008 global financial crisis, many emerging countries were able to
recover from the economic slowdown more quickly than developed
economies, with the advent of counter-cyclical fiscal and monetary
policies, as well as a dramatic increase in global liquidity. Can this
scenario be repeated?
Authored by Bunt Ghosh, Head of Emerging Market Strategy and Risk,
Anja Hochberg, Head of Investment Strategy for the CIO Office and
Adrian Zürcher, Emerging Market and Equity Strategist for the CIO
Office, the paper discusses how emerging markets - while not immune
from a potential global slowdown - may again have the capacity to
successfully respond to the current market environment with similar
counter-cyclical measures"
Download the full paper at
https://www.credit-suisse.com/asset_management/doc/thought_leadership/201110_emerging_markets_white_paper.pdf
If you can't access the same
Read
https://www.credit-suisse.com/us/asset_management/en/thought_leadership/201110_emerging_markets.jsp
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