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Emerging Markets Have Never Experienced A Crisis Like This Before

On this episode, we speak with Brad Setser of the Council on Foreign Relations on the historic nature of this episode.

Emerging Markets Have Never Experienced A Crisis Like This Before
A foreign currency dealer wearing a protective mask walks past monitors displaying the Korea Composite Stock Price Index (Kospi), left, and the exchange rate between the South Korean won and U.S. dollar in a dealing room of Hana Bank in Seoul, South Korea. (Photographer: SeongJoon Cho/Bloomberg)

Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

With major economies around the world coming to a screeching halt, emerging markets are in a squeeze of historic proportions. Not only are they being buffeted by a domestic health crisis, but export industries are getting clobbered at the same time as access to dollars is drying up. On this episode, we speak with Brad Setser of the Council on Foreign Relations on the historic nature of this episode, which countries are particularly vulnerable, and what policies might allow for a way out.

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