Fed’s Yellen: QE2 could help emerging markets
Emerging market economies could stand to gain from the currency appreciation resulting from the second round of Federal Reserve asset purchases, Janet Yellen, the vice chair of the Federal Reserve's Washington D.C.-based board of governors, said Wednesday in a tacit defence of the central bank's latest policy move.
Stronger growth and tighter monetary policy in emerging markets has encouraged the inflow of capital into these countries, which have been reinforced by big differentials in expected
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