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At the recent central bank governors’meeting a debate was launched over the Federal Reserve’s possible end to quantitative easing(QE).The Fed simply turned a deaf ear to voices concerned about the impact on emerging markets.The QE adopted after the 2008 global financial crisis will come to an end,which will exert a deep influence on the global economy,the financial market,the pattern of international capital flow,and emerging economies in particular.Reviewing history from the 1980s to 2007,moments of crisis in emerging countries were closely linked to policy changes by the Fed,and
At the recent central bank governors’ meeting a debate was launched over the Federal Reserve’s possible end to quantitative easing (QE). The Fed simply turned a deaf ear to voices concerned about the impact on emerging markets. The QE adopted after the 2008 global financial crisis will come to an end, which will exert a deep influence on the global economy, the financial market, the pattern of international capital flow, and emerging economies in particular. Reviewing history from the 1980s to 2007, moments of crisis in emerging countries were closely linked to policy changes by the Fed, and