Which EMs Are Most Exposed To Higher US Interest Rates?

Who in emerging markets will get hit the worse by higher interest rates?

The US Federal Reserve decided to raise its key interest rate by 0.25% yesterday marking the second time in the past decade when the bank has increased interest rates. The central bank voted unanimously to raise the key lending rate to a range of 0.5% to 0.75% off the back of stronger economic data, rising employment and rising inflation.

• Interest Rates– The Fed Is Chasing Trump’s Tail
• How Central Banks Move Interest Rates– And Why Investors Should Care
• Interest Rates And Value Investing

So far, the market has reacted well to this change. Bonds have understandably sold off; the dollar has strengthened against other currencies and equity markets...