Emerging Markets Have Never Experienced A Crisis Like This Before
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 20 April 2020
⏱️ 53 minutes
🧾️ Download transcript
Summary
With major economies around the world coming to a screeching halt, emerging markets are in a squeeze of historic proportions. Not only are they being buffeted by a domestic health crisis, but export industries are getting clobbered at the same time as access to dollars is drying up. On this episode, we speak with Brad Setser of the Council on Foreign Relations on the historic nature of this episode, which countries are particularly vulnerable, and what policies might allow for a way out.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
| 0:13.8 | insights and actionable strategies. We'll have senior government |
| 0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com slash Canadian Finance slash radio. Hello and I'm |
| 0:45.0 | I'm Tracey Allew. |
| 0:47.0 | Tracy Alleway. |
| 0:48.0 | Tracy, I hate to do this, but I have to troll. |
| 0:51.0 | I knew it. |
| 0:52.0 | I knew you were going to do it. I knew it. I knew it. I'll spare you. I'll spare you. |
| 0:56.8 | the effort but yes there is a crisis that we haven't covered yet. |
| 1:04.0 | I'm never going to let you forget the time |
| 1:06.6 | when you said that we had touched all the bases of this |
| 1:08.9 | and there were clearly several more major areas that we had yet to discuss. |
| 1:16.2 | But we're starting to get there |
| 1:17.2 | in terms of hitting all the really big themes, I think. |
| 1:20.6 | Okay, okay, I'm not going to respond, but yes, go ahead. What of the many crises will we be covering today? |
| 1:29.0 | Okay, so one that we definitely have not talked about yet is emerging markets. |
| 1:34.6 | And there are all kinds of aspects to a extraordinary economic disruption of this sort, |
| 1:42.2 | the likes of which we've never seen in terms of essentially a mandated halt to so many businesses worldwide, but one acute vulnerability point is obviously emerging markets, countries whose economies may |
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