WisdomTree Emerging Markets Local Debt Message Board

That is part of globalization. You throw a stone in a pond it ripples all over. So no more protection against global turmoil. If Europe catches cold it spreads through out the universe. Only way one can protect is put the rules that bank can not lend outside the country and for lending to the country put Global banks in charge that can isolate this kind of panic selling.

strengthening of US dollar vs. those currencies