Lessons from The Taper Tantrum
by
Ratna Sahay, Vivek B. Arora, Athanasios V Arvanitis
Language: English
Release Date: October 2, 2014
Accommodative monetary policies in advanced economies have spurred increased capital inflows into emerging markets since the global financial crisis. Starting in May 2013, when the Federal Reserve publicly discussed its plans for tapering unconventional monetary policies, these emerging markets have...