September 09, 2009 at 14:36 PM EDT
Emerging Market Economies Decoupling from OECD Countries
The latest trends in real exchange rates suggest that ‘decoupling’ (autonomous growth in the emerging markets) could be underway. Guest Post from Oxford Analytica In the summer of 2008, panicked financial markets sent global funds into US dollar instruments, in a classic scramble for liquidity. The result was a sharp reversal in the trend depreciation of [...]
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