Fed researchers find little QE impact on emerging market capital flows
New research published by the Federal Reserve tests the claim that quantitative easing (QE) in the US is driving volatile capital flows into emerging market economies, and finds that this does not appear to be the case.
The paper, Capital Flows to Emerging Market Economies: A Brave New World?, by Shaghil Ahmed and Andrei Zlate, uses quarterly balance of payments data from emerging Asia and Latin America between 2002 and 2012 to assess the main factors behind capital flows.
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