Hidden Danger Behind Financial Crisis in Emerging Markets

DOI

10.2991/aebmr.k.210803.065How to use a DOI?

Keywords

Financial crisis, Sovereign currency, Emerging market

Abstract

Under the circumstance of financial integration, the spillover effect of financial crisis has gradually evolved from regions to worldwide. Plus, the outbreak of Covid-19 has accelerated the social and economic polarization. In general risk management research, countries with high debt defaulting risk were more likely to be attacked by financial crisis among emerging markets. Taking Argentina and Turkey as examples, this paper uncovered that sovereign currency strength is the original cause that drives emerging markets frequently exposed to financial risk. Accordingly the author puts forward suggestions to contain the risks in post epidemic era.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shiyuan Yang
PY  - 2021
DA  - 2021/08/04
TI  - Hidden Danger Behind Financial Crisis in Emerging Markets
BT  - Proceedings of the  1st International Symposium on Innovative Management and Economics (ISIME 2021)
PB  - Atlantis Press
SP  - 475
EP  - 481
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210803.065
DO  - 10.2991/aebmr.k.210803.065
ID  - Yang2021
ER  -