East Asia-Pacific central banks softened US shocks
The impact on the East Asia-Pacific economies from a shock in the United States dollar money market was short-lived due to the policy actions taken by central banks and monetary authorities in the region, new research form the Hong Kong Monetary Authority posits.
The analysis finds that the co-ordinated efforts by policymakers worldwide were also crucial. The research also shows that for those markets which are open and with a high degree of participation of foreign institutions, the United
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