2015년 10월 6일 화요일

[외신 발췌] Hot money is pouring out of emerging markets (Oct 2015)


출처: Business Insider / Wolf Street (Oct 4, 2015)


※ 발췌 (excerpt):

IMG and IIF, two of the most important global finance: "beware the dreaded fate of emerging markets."

The IIF warned this week that hot money is pouring out of emerging markets at a startling rate, primarily on the back of China’s crunching slowdown and rising fears of a looming US rate hike.

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This year capital outflows from emerging economies will surpass inflows for the first time since 1988. Residents sending cash out of the emerging markets has accelerated amid recent financial market volatility while at the same time foreign investment is set to nearly halve from $1,074 billion in 2014 to just $548 billion this year.

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The last time such a large amount of hot money spewed out of emerging market economies was at the height of the 2008/09 global financial crisis. This time around, the capital exodus is being driven by internal, rather than external factors, claims the IIF — a rather bizarre claim given that the three most important causes of emerging market woes (China’s rapid slowdown, the abrupt end of the commodities super-cycle, and the strengthening U.S. dollar) are: a) international in scope; and b) beyond the control of emerging market governments or central banks.

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