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Emerging market currency crisis not enough to ‘infect the system’, says new PIMCO chief

Posted on 17 February 2014

Douglas Hodge says that while some economies had “sold their future” by shunning prudence and running big deficits, emerging market economies as a whole were now more resilent than they were two decades ago.
The currency crisis that has engulfed some emerging market economies is not dangerous enough to “infect the system”, according to the world’s largest bond fund………………………………………..Full Article: Source


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