17.02.2014 - Emerging market currency crisis not enough to 'infect the system', says new PIMCO chief
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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