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Are emerging markets the next domino to fall?

As the virus spreads and the dollar appreciates, what of emergent economies?

By Megan Greene  

Liu Jie/Xinhua News Agency/PA Images

In many ways the novel coronavirus is the great leveller, infecting rich and poor alike, indifferent to national borders. It has also sparked a universal challenge for countries: a global shortage in dollar funding. This problem however will hit emerging markets (EMs) much harder than developed ones, and they are likely the next domino to fall in this crisis.

In mid-March, those of us who follow the markets noticed something really unusual. In the face of…

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