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Essentials Daily Insights

EM And S&P 500 Decoupling: Lessons From The 1997-98 EM Crash

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There are not many examples of a genuine bear market in EM stocks driven by domestic fundamentals that we can examine to illustrate the impact on G7 markets. The 1997-98 Asian/EM crises is probably the only episode that approximates the current dynamics to a…

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