Years in the bond markets: 12
Specialist subjects: Fixed Income, Emerging Markets
Likes: Skiing, movies, Japanese food, Jazz
Heroes: Victor Hugo, Thelonious Monk, Candide Thovex
QE goes global
Historically, one of the defining characteristics of emerging market (EM) economies has been that they generally have not been able to use monetary policy to stimulate their economies during crises in the way developed markets (DM) have. Usually, they have had to hike rates to limit capital outflows and defend their currencies, in doing so making economic recovery more difficult.
This …
Read the article