COVID-19 a liquidity shock for emerging economies: Natixis
HONG KONG - The global financial group Natixis says the spread of COVID-19 to emerging economies has brought to light a reality that had been mostly forgotten in an era of ample dollar liquidity, namely, their excessive dependence on external financing. Amid the COVID-19 shock, foreign investors have left these markets at an unprecedented speed, resulting in a sudden global dollar shortage in March, Natixis says.