Bernanke sees no EM debt crisis looming

Former US Federal Reserve chairman Ben Bernanke says emerging markets are now better placed to weather volatility emanating from a strengthening dollar than they were in the mid-1990s, when a similar currency trend triggered the Asian financial crisis. Speaking at the Asian Financial Forum in Hong Kong this week, he said that while a rising greenback did put pressure on dollar borrowers with local-currency assets, the US currency's steady rise since 2014 hasn’t caused the sort of …