Many EM Countries Using Crisis as Opportunity, UBS Says

What are emerging market countries using the current crisis for?

• To increase political instability

• To implement structural reforms and fiscal discipline

• To reduce their export levels

• To increase their debt levels

What is a significant challenge faced by Egypt in its economic reforms?

• High levels of immigration

• Decreasing foreign investments

• Privatization of state firms

• Lack of natural resources

Why are investors skeptical about reform promises in emerging markets?

• Because of high levels of corruption

• Because of political stability

• Due to previous experiences of being burnt

• Due to lack of natural resources

What is necessary for emerging market fixed income flows to return convincingly?

• Higher inflation rates

• Decreased global trade

• Clarity on the Fed's interest rate cycle and stabilization in Chinese growth

• Increased political instability

What steps is Nigeria taking to reform its currency system?

• Introducing multiple new currencies

• Moving to a one currency system

• Eliminating all currency controls

• Pegging its currency to the Euro