Evolution of monetary policy in advanced economies spells trouble for emerging markets – paper
Research explores the impact future monetary policy will have on emerging markets
Future changes to monetary policy frameworks in advanced economies could pose significant challenges for emerging markets, a paper published by the International Monetary Fund has concluded.
In their working paper, Manmohan Singh and Haobin Wang theorise monetary policies in some advanced economies will evolve to have two dimensions: changes in short-term policy rates and balance sheet adjustments.
Such changes will result in different spillovers for emerging markets, which will make it
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