Emerging markets - round up the usual suspects

CENTRALBANKNET'S SPECIAL REPORT - A little local difficulty or the beginning of a global shake-down? First Turkey, then Argentina - next stop Brazil? Or south-east Asia? The omens are not good as emerging markets from Poland to Pretoria feel the effect of the contagion.

Brazil is seeking assistance from the International Monetary Fund to help it to weather the fallout from its neighbour. Meanwhile, US Treasury Secretary Paul O'Neill categorically rejects any chance of bailing out Argentina

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