Emerging markets more vulnerable than developed economies to policy reversals, paper finds
Research considers impact of unconventional policies on global liquidity and monetary conditions
Emerging market economies are "more vulnerable" to the unwinding of unconventional monetary policy in the Eurozone, Japan, UK and US, than advanced economies, according to a working paper published by the International Monetary Fund on December 30.
In The Impact of Unconventional Monetary Policy Measures by the Systemic Four on Global Liquidity and Monetary Conditions, Yevgeniya Korniyenko and Elena Loukoianova find the unconventional policy measures adopted since 2008 have had different global
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