Bernanke plays down emerging market impact of QE

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Quantitative easing (QE) by the Federal Reserve is not having a significant destabilising effect on emerging markets as some commentators have asserted, Fed chairman Ben Bernanke said in a speech in Tokyo as part of the International Monetary Fund/World Bank Group annual meetings.

Bernanke outlined a number of reasons why the negative impact of QE through its effect on volatile capital flows would be limited, and said this would be offset by the benefits of the policy. "The linkage between advan

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