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Emerging markets - a year in review
22 December 2008
Representatives of Bank of New York Mellon, Falcon Trade Corporation, Deutsche Bank and Abbey provided Trade Finance with a brief snapshot of regional activity at the close of 2008.
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trade finance year in review 2008 2009 emerging markets credit crunch
"The emerging markets have had limited exposure to most of the structured finance products that have been at the heart of the 'credit crunch'. Of course, if there is a prolonged slowdown in consumption by the developed markets it will be to their detriment, as it will inevitably lead to a decline in exports from them, and there could well be casualties."
Dominic Broom, head of business development EMEA, Bank of New York Mellon
"The problems caused by the liquidity crisis are still filtering through to the emerging markets, and will...
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