Market Views: After Turkey, who will tumble next?
The lira has plummeted and concerns have grown over Turkey's external financing needs. We asked four experts which other emerging markets could be dragged down with it.
After witnessing the Turkish lira currency plummet in recent weeks, many investors are fretting about the potential spillover into other emerging market economies, accentuating capital outflows from these markets.
Anyone around in 1997 – when the term 'financial contagion' was the height of fashion – will recall how the Thai baht crisis spread to Indonesia and South Korea and also put the Hong Kong dollar, Malaysian ringgit, and Philippine peso under intense pressure, before wreck…
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