China joins Indian calls for better taper co-ordination
People's Bank of China says advanced economy coordination is ‘inevitable'
The People's Bank of China (PBoC) has joined the Reserve Bank of India in calling for greater international co-ordination to mitigate the effects of advanced economies' exit from unconventional monetary policy on emerging market economies, in a contribution to a wide-ranging study on international spillovers by the Bank for International Settlements (BIS).
In a paper attributed to the PBoC as an institution, the Chinese central bank said it has implemented a series of measures to cope with the
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