The impact on an EME depends on its objective conditions and on which channels become most active in its case. Thus, the crisis could affect different EMEs differently. But what is common across EMEs is that their growth momentum will be interrupted if the current global problems are not resolved quickly. Market signals 7.
The list could go on. It is sufficient to say that a strong case can be made that the evolution of financial technology alone has changed forever our ability to place commercial banking, investment banking, insurance underwriting, and insurance sales into neat separate boxes. Nonetheless, not all financial institutions would prosper as, nor desire to be, financial supermarkets.