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Investors are punishing markets where policy makers haven’t done enough to stem deteriorating current-account balances
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Investors’ Unconditional Love for Emerging Markets Is Fading
published May 16, 2018, 6:00:01 PM, by Srinivasan Sivabalan (Bloomberg) — Investors are punishing markets where policy makers haven’t done enough to stem deteriorating current-account balances, ballooning inflation and a run on their currencies. They became unforgiving as rising Treasury yields and a stronger dollar put the case for riskier