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Guardian: Western investors gobble up juicy returns from emerging markets …

But plenty of analysts believe that whichever way he turns, Simsek will lose. Stephen Jen of currency hedge fund SLJ Macro Partners said: “Many of these emerging-market economies [including Turkey] are cornered: they have to choose between defending the exchange rate, fighting inflation and supporting growth. Sudden stops in capital inflows tend to force countries to face lose-lose situations.”

Read the original article on the ‘Guardian’ website.

Posted on the 02/02/2014 at 10:05am by joana.