Fear of currency debasement (just look
at the emerging market currencies), fear of capital confiscation (just look at the bail - in mechanism in Europe), etc..
Not exact matches
The dollar's rally since Trump's surprise win in Tuesday's vote is causing turmoil in
emerging markets, prompting Malaysia's central bank to say it may act
at times of extreme volatility, while India and Indonesia were said to have supported their
currencies on Friday.
See, for example, Kofanova S, A Walker and E Hatzvi (2015), «US Dollar Debt of
Emerging Market Firms», RBA Bulletin, December, pp 59 — 69 and Windsor C (2016), «
Currency Risk
at Emerging Market Firms», RBA Bulletin, June, pp 49 — 57.
One of the biggest questions in the foreign - exchange
market — whether the US
currency's bout of strength has legs or will fade as sellers
emerge at key technical levels — could be resolved in the coming days.
Timothy Ash, head of
emerging markets research
at Standard Bank, said the Russian rate rise reminded him of Turkey, which delivered a massive hike in interest rates in January to defend its
currency.
«Among the characteristics needed to join the elite group are stable macroeconomic policies,» says Kate Phylaktis, director of the
Emerging Markets Group
at Cass Business School, City University of London, adding «prudent fiscal policy, low inflation and a stable
currency, political stability, good - quality institutions, good infrastructure (especially transport) and above all, education.»
At the same time, having abandoned currency pegs, the most significant emerging markets have (so far at least) managed to avoid raising rates in the teeth of slowing growt
At the same time, having abandoned
currency pegs, the most significant
emerging markets have (so far
at least) managed to avoid raising rates in the teeth of slowing growt
at least) managed to avoid raising rates in the teeth of slowing growth.
«
At RBC Global Asset Management, we continually strive to meet the evolving needs of our clients by providing them with new and innovative investment opportunities,» said Doug Coulter, president of RBC GAM Inc. «Investors and advisors are increasingly looking for well - diversified investment options and we are pleased to leverage our depth of expertise in
emerging market currencies with this new fund.»
At specific points during the post-vote volatility, we found what we estimated to be a bit of a bottom in specific
emerging markets: a number of
emerging market currencies had initially fallen 5 % to 7 % but began to regain some lost ground as things began to normalize later during the June 24 trading period.
Speaking
at the Morningstar conference in June, Hasenstab outlined the Global Macro team's strategy and potential opportunities they see within three tiers: developed -
market currencies, US Treasuries and
emerging markets.
So, here's what we know about the workshop so far: there will be both consumer groups, law enforcement, and research organizations
at the workshops, examining how crypto scams
emerge in the
market, and how these scammers are able to exploit interest in virtual
currencies.
For that reason, many looking
at carry trading strategies will have to go out over the risk curve and borrow in a cheap major
currency in order to buy a higher - yielding
emerging market (EM)
currency in order to earn a yield beyond that of higher - duration US Treasury bonds (considered safe yield).
It was presented by Mr. Sokolovski
at the conference called Exchange Rate Models for a New Era: Major and
Emerging Market Currencies organized by the City University of Hong Kong.
The fund invests, under normal circumstances,
at least 80 % of its net assets plus any borrowings for investment purposes (measured
at the time of purchase)(«Net Assets») in sovereign and corporate debt securities of issuers in
emerging market countries, denominated in the local
currency of such
emerging market countries, and other instruments, including credit linked notes and other investments, with similar economic exposures.
Summary One of the most compelling investment opportunities
at this time appears to be local
currency emerging market debt.
But,
at least for the past five years, a basket of
emerging market currencies has contributed no more volatility to an international portfolio than a basket of developed
currencies.
So, if you add to that the problem of quite a lot of smaller
emerging market economies that have borrowed, again, in US Dollars and have a
currency mismatch between their borrowing and their lending and then you look again
at the BRICS where this acronym which ten years ago represented the major
emerging market economies Brazil...
By keeping my
currency exposure to both the US and the Eurozone I
at least have some protection (for some of my assets) in the worlds two biggest economies plus to a lesser extend other developed /
emerging markets.
My biggest frustration is the
emerging (& frontier)
market / other
currencies allocation,
at 23 %.
His dispute resolution work
at AHV provides comprehensive coverage of derivatives, including equities, interest rates,
currencies, credit and
emerging markets.
She also performed extensive primary research on bitcoin and
emerging digital
currency markets while
at ARK Investment Management.