It used to be that the players of U.S. high finance would barricade themselves when an emerging market turned ugly. Especially if the monster were oversized - say, Argentina in 2002 - they'd frantically seal off every approach.

Like the archetypal Final Girl in a horror movie - the one who outlives her more reckless friends until the nail-biting end - they could only imagine where the maniac lurked: behind the door, down the hallway or right under the bed.

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