Not exact matches
Finally, while I had modest expectations for
emerging market (EM) assets, I certainly missed the latest meltdown in EM
currencies, many of which have been depreciating faster than
during the financial crisis.
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.
Using weekly and monthly spot and forward foreign exchange rate data for 39 developed and
emerging market currencies versus the U.S. dollar
during January 1972 through July 2013, they find that: Keep Reading
This has certainly been true historically; for instance, the volatility of
emerging market currency returns soared
during the East Asian financial crisis of 1997 and the devaluation of the ruble in 1998.