Article source
Bloomberg
Article date
Mon, Apr 28, 2014
Eastern Europe’s vulnerability to sharp withdrawals of foreign capital has been heightened as the U.S. Federal Reserve scales back stimulus and the standoff over Ukraine escalates, the International Monetary Fund said.
Developing nations in Europe are more exposed than other emerging markets to external funding risks, the IMF said in a report published today. Gross external liabilities, including foreign direct investment, cross-border lending and portfolio investments, were at about 90 percent of the region’s gross domestic product at the end of 2012, about 20 percentage points higher than at end-2008, the IMF said.
Read the full article here.