IMF warns monetary tightening could hit EM growth
Advanced economies should collaborate with EMs, Fund says - but doesn't say how
The IMF has again called for collaboration between advanced economy and emerging market economy central banks to help mitigate the risks of spillovers – and spillbacks – from advanced economy monetary policy, in the latest annual Spillover Report.
The Fund has become increasingly concerned about the spillovers from advanced economy monetary policy to emerging markets (EMs), in particular since what it calls the ‘Taper episode' in May 2013 when Ben Bernanke, then Fed chair, hinted that the Fed
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