Business · Markets · 9 hrs ago

Emerging Markets Better Prepared for Renewed European Debt Turmoil

Emerging Markets Better Prepared for Renewed European Debt Turmoil

Emerging-market bonds and currencies were sharply affected by the eurozone debt crisis 15 years ago.

Analysts say these markets are now better equipped to withstand a repeat of that turmoil.

Emerging markets are countries whose financial markets are still developing.

Bonds are loans made by investors, while currencies are the money used in each country.

The earlier crisis showed how turmoil in Europe can affect markets elsewhere.

Better preparation could help limit the impact on emerging-market bonds and currencies if European debt problems return.

No specific new crisis or next step is described.

Sources

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