Андрей
Summary of russian article, dedicated to the sphere of economy. The article headlined “under the risk-zone” is devoted to the monetary crisis among developing countries. To offset currency depreciation some of the countries like Turkey and Argentina decided to raise its’ interest rates. The author provides us with the main reasons that affected its currency in a bad way. He illustrates, that long-term stagnation that remained in a long period of time told upon economies of the rest of the world revealing structural problems of countries’ economies. It is also mentioned, that on account of US monetary tightening, the flows of speculative capital turned from developing countries back to the USA. Due to this, those countries, which bank on foreign capital inflow, now are in difficult situation. In conclusion the author states, that the current account deficit in pair with budget deficit can set up ideal conditions for currency crisis. He provides readers with the list of developing countries, like Indonesia, Turkey and Ukraine, indicating the figures of its current account and budget deficit and states, that under instable conditions of global economy the financial state of these countries is jeopardized.
Sep 18, 2014 9:20 AM