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Analysis: Why Turkey and Argentina are the main emerging market weak links

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - Running the numbers on foreign exchange reserves and general exposure to the dollar throws up some of the reasons why Turkey and Argentina have been at the heart of the recent emerging market sell-off. Economists have been quick to pin the blame on problematic politics, high deficits and even higher inflation, but as these graphics show, there are many other issues below the surface.Turkey's currency reserves compared with debt payments due in the coming year already looked small versus most of its peers, according to Bank of America Merrill Lynch analysis.As a ...

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First Published: Fri, May 18 2018. 19:56 IST
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