5min chapter

Real Vision: Finance & Investing cover image

The Next Big Trade - Dan Rasmussen on When It’s Time for Small-Value Stocks

Real Vision: Finance & Investing

CHAPTER

Do You Think the Dollar Is Important to Emerging Markets?

The dollar is like the high yield spread to emerging markets, says Julian Zelizer. Russia's central bank has been caught in a trap at these moments of crisis, he says. "If you start raising rates to protect your currency, you're going to screw over your domestic economy," writes Zelizer.

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