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Greek Sovereign Debt Crisis: Assessing Contagion to Emerging Economies

- "The impact of Greek Sovereign Debt Crisis on capital flows into Emerging Market (EM) economies has been quite mute. In fact, fixed income funds have virtually remained on positive territory during the current turmoil."
- "A regional comparison leaves Emerging Europe as the worst performer in this episode as happened already during Lehman Brothers’ default. However, CDS rose more then and stock markets fell further."
- "The impact on commodity prices, crucially determined by USD appreciation, has been less severe this time around due to China’s rapid growth."
BBVA Economic Watch 20100623

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