Emerging markets resilient amid global shift, governors tell panel
Smaller economies better placed to intervene during crises, say central bank heads
During a panel discussion arranged by the Reinventing Bretton Woods Committee on October 24, central bank governors and academics agreed that structural factors had helped emerging markets to grow resilient. However, the speakers – all of whom were in Washington, DC, for the World Bank and International Monetary Fund (IMF) annual meetings – disagreed about the role multilateral institutions would need to play during a period of transition for the global economy.
Julio Velarde, governor of the
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