Fragile Five taper tantrum update: And then there were three?

With the U.S. a step closer to rate normalization, there’s panic brewing in emerging market countries with highest current account deficits and dollar external debt. The so-called “Fragile Five” of 2013 Taper Tantrum fame (Turkey, India, Brazil, Indonesia, and South Africa) are back in the spotlight, but with a big difference. The Asian components of […]