This is because prior to the sharp collapse in commodity prices and the latest economic ructions, the bank boosted its exposure to volatile emerging markets.
The International Monetary Fund estimates emerging markets may expand 6.5 percent in 2011, more than double the 2.5 percent rate for developed countries.
Meanwhile, emerging markets with high external financing needs and high foreign debt in foreign currencies remain vulnerable to such capital market reactions.
His organization offers solutions for low-end mobile phones (under $40) to address the needs of the non-smartphone mobile consumers in emerging markets.
In most emerging markets with underdeveloped government bond markets, the swap curve is more complete than the treasury yield curve, and is thus used as the benchmark curve.
The company started out as a small telecommunications company and is today a worldwide provider of technological solutions in emerging markets and developing countries.
Increasing inequality within countries has been accompanied by a redistribution of economic resources between developed economies and emerging markets.
