EMs resilient to US monetary spillovers, panellists say
Turkish and Thai governors discuss policy challenges at IMF conference in Saudi Arabia
Emerging markets were surprisingly resilient to spillovers from US monetary tightening, economists and central bank governors said during a panel discussion arranged by the International Monetary Fund.
Speaking at the event in Saudi Arabia on February 16, Hélène Rey, a professor of finance at the London Business School, argued that the abrupt monetary tightening from the US Federal Reserve in recent years had not led to turmoil in emerging market economies. This, she said, marked a break from the
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