FX Week China: Asia not immune to euro crisis spillover, warns IMF
Asian countries are not immune to potential vulnerabilities stemming from rapid credit growth in recent years, even if spillover effects from the eurozone crisis have so far been weaker in Asia than in other regions, a senior official at the International Monetary Fund (IMF) has warned.
"In our analysis, the spillover into Asia is much weaker than to other regions, simply because European banks have a smaller presence here than they do in other emerging market regions, with emerging Europe being
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