Global Macro Service > Research Briefings > Global

The risks to EMs from rising US interest rates

​Rising US interest rates pose a potential threat to emerging markets (EMs) through a variety of channels, with the extent of the risk varying widely across economies. Taking into account the range of possible effects – on EM dollar debt, local interest rates, capital flows and banking systems – we find the emerging economies most at risk are Turkey, Brazil and Chile.

To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below