The emerging market boom

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The BIS Quarterly Review has a short paper on the soaring asset prices in emerging markets. Read it for the great graphs of the year-on changes to bond spreads & yields, equity prices, exchange rates, private capital flows, credit ratings and M&A activity in emerging markets.

True, recent emerging market growth has been vigorous (and very profitable for many). But is this emerging market revival a structural story or a cyclical one?

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