Emerging Markets, Turkey, Argentina, China All In CRISIS MODE as Currencies Fall! Markets Panic!

How much of an impact will this have on all markets and economies? Minimal? Or significant?

https://www.youtube.com/watch?v=a01GGa5tXDc

Emerging markets are looking weak. When we look at what has happened in Turkey, if we zoom out, we can see the bigger picture as to what has happened even outside of the country. It has become much more as the days have gone on, with contagion spreading far and wide. How will this be resolved?

Turkish lira crash ripples through global currency markets | Business | The Guardian

https://www.theguardian.com/business/2018/aug/13/turkish-lira-record-low-ripples-through-global-currency-markets

turkey total debt.jpg (794×407)

https://www.zerohedge.com/sites/default/files/inline-images/turkey%20total%20debt.jpg?itok=AaMW5qTs

DkeHoJWWwAAgPkw.jpg (590×453)

https://www.zerohedge.com/sites/default/files/inline-images/DkeHoJWWwAAgPkw.jpg?itok=9Ko9xfCh

JPM EM vs dollar.jpg (890×471)

https://www.zerohedge.com/sites/default/files/inline-images/JPM%20EM%20vs%20dollar.jpg

BRL crisis.jpg (890×462)

https://www.zerohedge.com/sites/default/files/inline-images/BRL%20crisis.jpg?itok=mJZoYrhH

UPDATE 1-Argentina to increase benchmark interest rate to 45 pct -cenbank | Reuters

https://www.reuters.com/article/argentina-rates/update-1-argentina-to-increase-benchmark-interest-rate-to-45-pct-cenbank-idUSL1N1V40S0