Thailand’s Prasarn highlights ‘dramatic’ turnaround caused by Fed taper-talk
Emerging markets have struggled to deal with the consequences of quantitative easing (QE) by the Federal Reserve, and now face further challenges as the policy is wound down, Prasarn Trairatvorakul, the governor of the Bank of Thailand, said on Friday.
Delivering the opening remarks at a conference jointly organised by the Bank of Thailand and the International Monetary Fund, Prasarn said the global financial landscape "changed dramatically" following talk of a possible QE taper, "and with it
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