Good health guide for emerging markets

Capital is fleeing your country; the currency is tanking; asset prices are collapsing; banks are bleeding

Business Standard
Last Updated : Feb 26 2014 | 1:30 AM IST
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You're an emerging market policymaker. Capital is fleeing your country; the currency is tanking; asset prices are collapsing; banks are bleeding. It's tempting to blame your misfortune on the US Federal Reserve. But maybe you should have followed the good-health guide for emerging markets. Here's the checklist so that the next time you witness a boom, you can design superior policies.
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First Published: Feb 26 2014 | 12:04 AM IST

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