AsianInvesterAsianInvesterAsianInvester

Industry dismisses prospect of 1994 meltdown

Jame DiBiasio
The US Federal Reserve's exit from quantitative easing won’t spark emerging-market panic, as monetary tightening once did in 1994, believe investors, economists and analysts.
Industry dismisses prospect of 1994 meltdown

US Federal Reserve chairman Ben Bernanke's speech on Wednesday outlined the central bank’s intentions to end quantitative easing by the end of 2014, and yesterday Asian financial markets were in turmoil, with Jakarta's index down 3.7%, Manila down 2.9% and Tokyo's Nikkei 225 down 1.7%. But investors, economists and analysts are confident a 1994-style meltdown is not in the cards.

Sign in to read on!
Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?
See here for more information on licences and prices, or contact [email protected]
¬ Haymarket Media Limited. All rights reserved.