As the United States continues to tighten its monetary policy and its ten-year yields hit a seven-year high, there are concerns about financial instability in some emerging markets.<br /> However, a study released by the Bank of Korea shows the possibility of a currency crisis spreading in emerging markets is low.<br />Countries with relatively high foreign debt like Turkey and Argentina showed signs of a currency crisis, but the BOK says unlike the taper tantrum seen in 2013, the drop in stocks and the number of countries affected by the jitters was limited.<br />The study say South Korea's capital markets remain stable, supported by a healthy current account surplus and ample foreign reserves,... but added the ongoing U.S.-China trade spat remains a downside risk . <br />
