Are emerging markets as resilient today as in 2008?

Bunt Ghosh, Anja Hochberg, Adrian Zurcher | Credit Suisse Asset Management | September 2011

The prospect of a potential recession in both the United States and Europe has increased in the last few months, driving a sharp reduction in global risk appetite. Traditionally, an economic slowdown in developed countries - and a decline in risk appetite - have had an adverse impact on emerging economies and their asset values. However, most emerging countries were able to counter an economic slowdown in developed countries in 2008-09 with countercyclical...