Description |
1 online resource (29 pages) : color illustrations |
Series |
IMF staff discussion note ; SDN/14/9 |
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IMF staff discussion note ; SDN/14/9.
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Summary |
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 experienced financial turbulence at the same that their domestic economic activity has slowed. This paper examines their experiences and policy responses and draws broad policy lessons. For emerging markets, good macroeconomic fundamentals matter, and early and decisive measures to strengthen macroeconomic policies and reduce vulnerabilities help dampen market reactions to external shocks. For advanced economies, clear and effective communication about the exit from unconventional monetary policy can and did help later to reduce the risk of excessive market volatility. And for the global community, enhanced global cooperation, including a strong global financial safety net, offers emerging markets effective protection against excessive volatility.--Abstract |
Notes |
"September 2014." |
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"Monetary and Capital Markets Department, Research Department, Strategy and Policy Review Department"--Page 2 of pdf |
Bibliography |
Includes bibliographical references (pages 28-29) |
Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed October 20, 2014) |
Subject |
Monetary policy -- Developed countries
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Capital movements -- Developing countries
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Capital market -- Developing countries
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Financial risk management -- Developing countries
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Capital market.
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Capital movements.
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Economic history.
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Economic policy.
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Financial risk management.
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Monetary policy.
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SUBJECT |
Developing countries -- Economic policy
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Developing countries -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85037344
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Subject |
Developed countries.
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Developing countries.
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Form |
Electronic book
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Author |
Sahay, Ratna.
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International Monetary Fund. Monetary and Capital Markets Department.
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International Monetary Fund. Research Department.
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International Monetary Fund. Strategy, Policy, and Review Department.
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ISBN |
1498361366 |
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9781498361361 |
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1484356004 |
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9781484356005 |
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