IIF Issues Special Briefing on the U.S. Mortgage Crisis and Emerging Markets

[www.iif.com]

То там про Россию только вот такой странный вывод:

In view of the magnitudes of some of the recent flows
into some high-yielding emerging economies and ongoing
global liquidity tension, it would be premature to conclude
that these adjustments have so far fully played out. A
number of Emerging European countries with large foreign
participation in the local bond market (eg. Hungary and
Turkey), excessive current account deficits (eg. Romania), or
heavy borrowing by local banks (eg. Russia, Ukraine and
Kazakhstan) bear watching.

Особенно показателен в этой связи график на странице №7.