Fear is growing in financial markets around the world. First, it was Argentina. Then came Turkey, South Africa and Indonesia Investors and policy-making officials are worried about the falling value of currencies of several emerging markets. Most of these developing countries have borrowed a lot of money, often in United States dollars. As the value of their national currency falls against the dollar, the amount they have to repay grows larger. This has caused fears of a repeat of the 1997 Asian financial crisis or of Mexico’s financial crisis in 1994. Why? One word: contagion. Contagion means that economic concerns move from one country to another, bringing down currency values and stock markets. Contagion could affect every country in the world.
Title: Falling Currencies Lead to Fear of Contagion
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/413949e5-7213-44e1-8dbe-fd01243a4588_hq.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='Falling Currencies Lead to Fear of Contagion' data-article-id='3346'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='5417'>Fear is growing in financial markets around the world.</span> <span data-start-time='5417' data-end-time='10417'>First, it was Argentina.</span> <span data-start-time='10417' data-end-time='15000'>Then came Turkey, South Africa and Indonesia</span> <span data-start-time='15000' data-end-time='27896'>Investors and policy-making officials are worried about the falling value of currencies of several emerging markets.</span> <span data-start-time='27896' data-end-time='36917'>Most of these developing countries have borrowed a lot of money, often in United States dollars.</span> <span data-start-time='36917' data-end-time='48583'>As the value of their national currency falls against the dollar, the amount they have to repay grows larger.</span> <span data-start-time='48583' data-end-time='64667'>This has caused fears of a repeat of the 1997 Asian financial crisis or of Mexico’s financial crisis in 1994.</span> <span data-start-time='64667' data-end-time='67104'>Why?</span> <span data-start-time='67104' data-end-time='70125'>One word: contagion.</span> <span data-start-time='70125' data-end-time='81688'>Contagion means that economic concerns move from one country to another, bringing down currency values and stock markets.</span> <span data-start-time='81688' data-end-time='85729'>Contagion could affect every country in the world.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/2788/55A1E526-8A26-41E7-8130-59C10931EAA0_cx0_cy6_cw0_w1023_r1_s.jpg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=11451 data-hint-location='67104' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/what_does_contagion_mean.wav'>What does contagion mean?</div><div class='choices' data-correct-choice='the act of moving from one place to another'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/the_act_of_moving_from_one_place_to_another.wav'><span>the act of moving from one place to another</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/the_act_of_staying_in_the_same_place.wav'><span>the act of staying in the same place</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/a_strand_of_influenza.wav'><span>a strand of influenza</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/a_brand_of_antibiotic.wav'><span>a brand of antibiotic</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=11452 data-hint-location='81688' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/contagion_could_affect_every_what_in_the_world.wav'>Contagion could affect every what in the world?</div><div class='choices' data-correct-choice='country'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/moose.wav'><span>moose</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/country.wav'><span>country</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/teacher.wav'><span>teacher</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/ocean.wav'><span>ocean</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=11453 data-hint-location='0' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/_blank__is_growing_in_financial_markets_around_the_world.wav'><span class='blank'>fear</span> is growing in financial markets around the world.</div><div class='choices' data-correct-choice='fear'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/profit.wav'><span>profit</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/happiness.wav'><span>happiness</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/fear.wav'><span>fear</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2788/health.wav'><span>health</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button 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