EBRD Economist: Repeat Of Emerging-Markets Crisis Unlikely

Most Eastern European countries don’t have the economic weaknesses that prompted investors to withdraw money from emerging markets recently, and contagion like that which triggered a global crisis in 1997 is unlikely, the deputy chief economist of the European Bank for Reconstruction and Development said Thursday.
“It’s difficult to say whether we will see something like that again,” Jeronmin Zettelmeyer said in an interview…

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