Satyajit Das: textbook recipe for an emerging-market crisis

The current turbulence of emerging markets should not come as a surprise to anyone, says Satyajit Das.

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Satyajit Das, author and former banker
(Image credit: Credit: ITAR-TASS News Agency / Alamy Stock Photo)

The current turbulence of emerging markets should not come as a surprise to anyone, says Satyajit Das on Bloomberg. "The stresses have been building since at least 2013," he says. Back then the "taper tantrum" (a fit of panic that welcomed the Federal Reserve's plans to reduce quantitative easing) took its toll on the "Fragile Five" a term coined by Morgan Stanley to describe the vulnerability of Brazil, India, Indonesia, Turkey and South Africa to capital outflows. Five years on, we may now have a "textbook recipe for an emerging-market crisis".

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Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.