Overseas investors traditionally flee emerging markets in periods of global financial angst.
As a result, Hungary was one of the hardest-hit countries as capital began to flee emerging markets last fall.
On top of this, Russia's default last August caused investors to flee emerging markets, and raised the cost of Argentina's foreign borrowing.
Because investors have been fleeing emerging markets for most of the year, there is no threat of a sudden, destabilizing exit.
India's currency, the rupee, has lost 20 percent of its value since the spring, when Ben S. Bernanke, the Federal Reserve chairman, signaled an impending end to large-scale bond purchases, prompting foreign capital to flee emerging markets.
The rupee has slumped nearly 15 percent since May, when the possibility of scaled-back bond purchases in the United States prompted foreign cash to flee emerging markets around the world.
These days investors are fleeing emerging markets in other parts of the globe, not the old continent.One reason for hope is that the economy is returning to growth or, better said, it may have stopped shrinking.
Yet there is a parallel collapse in the economic order that is less conspicuous: the hundreds of billions of dollars fleeing emerging economies, from Brazil to China, don't come with images of women and children on capsizing boats.
Overall, many investors have been fleeing emerging markets.
Investors are also fleeing emerging markets like Brazil and China, with its juggernaut of an economy lately showing troubling signs of a slowdown.
