The global financial crisis sped up the pace of capital inflows into emerging markets, economist Nouriel Roubini said Tuesday.
Speaking at a conference here, he said that if and when advanced economies recover from the global financial crisis, the emerging markets will still see a greater share of capital inflows over the long-term, as participants diversify their investment portfolios, lured by the robust growth forecast for emerging markets.
Many emerging markets, including countries in Latin America such as Chile, have seen their currencies bulge versus the dollar, in part on strong capital inflows.
in WSJ
Related: iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM)
