Not all emerging markets are in the same QE boat

Description

The US Federal Reserve’s surprise decision to continue quantitative easing (QE) was generally well received in those countries with rapidly growing and industrialising economies. They were worried that the Fed might have ended an era where cheap dollars have moved by the trillion to the so-called “emerging markets”.

But while the US continues with QE, and the pressure may be off for now, some emerging markets must be more worried than others about what happens when the Fed does say enough is enough.