Such deficits, together with high inflation rates, earned Brazil, Turkey, and South Africa their membership on the Fragile Five list of countries that were hit particularly hard by Bernanke’s announcement in 2013. India and Indonesia were on this list as well, though they have begun to move in the right direction since then (thanks in part to new governments).
不幸的是，政策倒退正危及“摆脱”顺周期操作的历史进程。巴西等国并未利用2010到2014年这段时间强化预算，因此现在正在落入困难的境地。有些国家利用资本再次流入的机遇扩大经常账户的赤字规模。上述赤字加之通胀率高企，使巴西、土耳其、南非等脆弱五国在2013年伯南克宣布加息预期时受到最沉重的打击。印度和印尼也同样如此，但他们从那以后就开始朝正确的方向前进（这在很大程度上应该感谢新一届政府的努力）。