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Emerging markets face credit challenges in tightening cycle, ESM head warns

Asian, Latin American and African economies are vulnerable, says Klaus Regling

ESM Managing Director Klaus Regling speaks to the Nikkei Asian Review in Tokyo on Feb. 22. (Photo by Rie Ishii)

TOKYO -- As the U.S. and European countries embark on a monetary tightening cycle, emerging economies could be hit by a liquidity squeeze, a European official in charge of financial stability says.

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