Coronavirus recovery: how the stimulus splurge in advanced economies has opened doors for emerging markets

//Coronavirus recovery: how the stimulus splurge in advanced economies has opened doors for emerging markets

Coronavirus recovery: how the stimulus splurge in advanced economies has opened doors for emerging markets

Central banking in emerging markets has undergone a quiet revolution during the Covid-19 pandemic. Unlike in past crises, they have been able to mimic what central banks in advanced economies have been implementing: countercyclical policies with quantitative easing, local-currency asset purchases, interest rate cuts and monetisation of government deficits. In the past, such policies would have fuelled inflation and downward exchange rate pressure, but not so this time. With the exception of a…

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By | 2020-08-20T12:45:13+00:00 August 20th, 2020|Business|Comments Off on Coronavirus recovery: how the stimulus splurge in advanced economies has opened doors for emerging markets