The secret to emerging-economy immunity

BEIJING • Next month, policymakers and experts will gather in Bali, Indonesia, for the annual meetings of the International Monetary Fund (IMF) and World Bank Group. The location is fitting: Indonesia was at the epicentre of the Asian financial crisis that erupted just over 20 years ago.

That crisis carries important lessons for the current turmoil in emerging markets such as Argentina and Turkey.

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A version of this article appeared in the print edition of The Straits Times on September 15, 2018, with the headline 'The secret to emerging-economy immunity'. Print Edition | Subscribe