The Pandemic is the biggest crisis for Emerging Markets

The emerging markets have benefited from globalization, they have also had to deal with intense volatility. The crises of 1998 and 2001 scarred Russia and Argentina deeply. What we have witnessed in recent months, however, is unprecedented, because it is a comprehensive and almost indiscriminate sell-off on a gigantic scale.
 

The Coronavirus Is the Biggest Emerging Markets Crisis Ever