About this work
Weak growth can leave emerging markets exposed to contagion even when external financing is not their only vulnerability. This September 2020 assessment identifies limited funding buffers alongside a lack of room for policy support, highlighting Brazil, Mexico and South Africa among economies where those constraints could amplify financial stress.
Abstract
Weak growth can leave emerging markets exposed to contagion even when external financing is not their only vulnerability. This September 2020 assessment identifies limited funding buffers alongside a lack of room for policy support, highlighting Brazil, Mexico and South Africa among economies where those constraints could amplify financial stress.
Cite this work
Jonathan Fortun, Sergi Lanau (2020). Economic Views: EM Vulnerability and Contagion. Institute of International Finance.