With billions of dollars flooding out of Emerging Markets in recent weeks, Interfax-Ukraine reports: “DTEK Energy’s Eurobonds fell from 104% of the nominal to 60%, and their yield rose from less than 10% per annum to more than 25% per annum.” IMF Managing Director Kristalina Georgieva said last week: “Investors have already removed US$83 billion from emerging markets since the beginning of the crisis, the largest capital outflow ever recorded.”
With billions of dollars flooding out of Emerging Markets in recent weeks
