EMs batten down the hatches
Emerging markets are expected to be particularly susceptible, as risk-averse investors continue to move capital to safer shores. For example, Russia's equity bourses were suspended on three consecutive days last week after slumps in share prices.
Russia's president Dmitry Medvedev pledged $20 billion to help stabilise the financial markets. In the first two weeks of September, $22.2 billion from the national reserves had already been directed into the financial sector. Similarly, Brazil's central
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