we will bring that question to emily weiss. this is bloomberg. ♪ let's talk emerging-market assets.g off their biggest quarterly loss since 2008. now beginning the second quarter with another week of losses. joining us now to talk about emerging markets, we want to bring in emily weiss at state street in boston. let's start out on the dollar liquidity issue. it seemed to be a big source of the strain we saw in e.m. equities and with currencies last week, last month. now that those issues seem to have been tamped down a little bit, does that give central banks and some of these nations a little more capacity with the potential economic fallout? emily: unfortunately right now there's a few headwinds that emerging markets are facing. there's collapse in commodity and thesubdued trade, somewhat stronger dollar that was maybe unexpected. the dollar had had a pretty significant surge towards the middle of this quarter and has moderated a little bit since. that has been helped by the point that you mentioned. the fed coming into make sure that liquidity was addressed and that dollars could