Morgan Stanley: U.S. rate increase is a '90s-like threat to Asia

08/25/2013 | Business Standard (India)

A rise in real interest rates in the U.S. is forcing a pro-cyclical rise in rates in Asia that could push the region into a situation similar to that of the 1990s, according to a Morgan Stanley analysis. The study notes that nations in current-account deficit are the most vulnerable to this trend. "These metrics indicate that India, Indonesia, Australia, Thailand, Hong Kong and Singapore will be most exposed," Morgan Stanley said.

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