Economics
Seven EM Countries at Risk of Exchange-Rate Crisis, Nomura Says
- List includes Argentina, Turkey as well as Pakistan, S. Africa
- Brazil, Indonesia among countries with lowest risk of crisis
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Seven emerging economies at risk of an exchange-rate crisis are Sri Lanka, South Africa, Argentina, Pakistan, Egypt, Turkey and Ukraine, according to a new analysis by Nomura Holdings Inc.
With five of the seven already in a currency crisis or a program run by the International Monetary Fund, that leaves South Africa and Pakistan as the standouts.