Domino Effect: How Lehman's Failure marked the beginning of the End for the Dollar

... Congressional Hearing examining the failure of Lehman Brothers. (Source: Wall Street Journal) The reverberations from the failure of Lehman Brothers were felt all over the world, including the BRICS emerging markets economies. These governments felt that their ... ... foreign reserves could help mitigate the effects of the crisis. Their foreign reserves helped up to a point. Yet, even after the usage of these foreign reserves to stimulate their ailing economies, emerging markets were still at a disadvantage[2]. Output ...