Beware the rocks beneath calm emerging market waters
Emerging market deals are offering glittering returns, and these credits are gaining in popularity as confidence in the developed world flounders. But the risks — perfectly illustrated by last week’s default by International Industrial Bank of Russia — are sometimes all too easily forgotten.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts