Yet, the analysts in the financial markets often treat them as a group, presumably because the EMEs are perceived to be to be high-risk and high-reward destination for financial capital. That characteristic lends them to vulnerability in capital flows, sometimes for reasons other than economic fundamentals in the country concerned.
In the past few years, we have reached a point where many of the reforms have been in place for long enough to have effects that we can measure and analyze. For those reforms, we need to 3/4  BIS central bankers' speeches  ask several key questions.