The document discusses the potential for a financial/economic crisis in emerging markets, particularly the BRIC countries, due to macroeconomic factors and dysfunctional relationships between the state and corporate sectors. It highlights the risks posed by micro structural factors and the failure to implement necessary reforms. The report is skeptical about the impact of tighter Fed policy and emphasizes the need for structural reforms in emerging markets.
doj/DataSet10/EFTA01451005.pdf
{"title":"GEM Equity Strategy Outlook 2014","document_date":"December 2013","document_type":"financial","key_locations":["BRIC countries","Indonesia","South Africa","Turkey","China"],"key_organizations":["Deutsche Bank AG"]}