EFTA Document EFTA01451005

II December 2013 GEM Equity Strategy Outlook 2014 Taper versus governance BRICs at most risk of 'classic' EM crisis based on dysfunctional relationship between state and companies Micro structural factors threaten EM economies more than Fed timer There is increasing discussion about the possibility of a financial/economic crisis in one or more emerging markets, based on purely macro considerations, namely the impact of tighter Fed policy on those countries with high external financing r