If a shock were to hit Brazil, India, Indonesia – or any other emerging market country – tomorrow, how would investors react? Would asset values adjust smoothly, amid an explosion of trading flows? Or would markets instead freeze up, as liquidity evaporated?
如果明天巴西、印度、印尼或其他新興市場國家遭受衝擊，投資者將會如何反應？是在交易量激增的情況下，實現資產價值的平穩調整？還是市場會隨著流動性蒸發而陷入停滯？
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