Emerging Markets to Weather Slow Fed Taper, Says RockCreek CEO
- Tapering to happen at ‘incredibly’ gradual pace: Beschloss
- She expects taper to start some time in November or December
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Emerging markets may face risks when the Federal Reserve decides to taper its bond purchases, but they will be manageable, according to RockCreek Group Chief Executive Officer Afsaneh Beschloss.
“The usual course of things is the emerging markets that have a lot of U.S.-denominated debt and do not have a lot of exports that are U.S.-dollar based would be the ones to get into difficulty,” Beschloss said in an interview on Bloomberg TV’s Surveillance Wednesday. “Given the way tapering will happen, which is probably incredibly gradually and not sudden, probably the impact on emerging markets will be something that is slower.”