Guillotin, Bertrand - In: Journal of Risk and Financial Management 12 (2019) 1, pp. 1-13
In 2015, Goldman Sachs closed its BRIC (Brazil, Russia, India, China) fund after years of losses and plummeting assets. Emerging markets had, once again, turned into submerging markets. Their dependence on 'developed' markets and established institutions had failed them in a post-Global...