Emerging markets may be even more vulnerable to an interest rate shock today than they were during the East Asia crisis in 1998, the Bank for International Settlements (BIS) has warned.<\/p>\n<\/div>\n
The Swiss-based watchdog said there had been a \u201cmassive expansion\u201d in borrowing on global bond markets by banks and companies in developing countries, leaving them exposed to \u201cpowerful feedback\u201d risks as borrowing costs rise in the West. Emerging markets more vulnerable than ever to Fed tightening, Bank for International Settlements BIS says there had been a \u201cmassive expansion\u201d in borrowing on global bond markets by banks and companies in developing countries. Emerging markets may be even more … Continue reading
\nEmerging markets more vulnerable than ever to Fed tightening, warns BIS<\/a><\/p>\n![\"Die](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/02\/Die-neue-Fed-Chefin-Janet-Yellen-hat-angek\u00fcndigt-die-Aufk\u00e4ufe-von-US-Staatsanleihen-weiter-zu-drosseln.-jpg.jpg\")
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