Lessons from recent experiences on exchange rates, capital flows and financial conditions in EMEs

by Pietro Patelli, Jimmy Shek, Ilhyock Shim<br />Currency appreciation in emerging market economies (EMEs) has gone hand in hand with greater risk-taking, higher capital flows and more accommodative financial conditions, against the backdrop of the increasing share of foreign investment in local currency assets in EMEs’ external financing since 2007…

Leave a Reply

Your email address will not be published. Required fields are marked *