BIS’s Shin highlights global liquidity dilemma for EMs
Head of research points to uncomfortable balancing act among emerging markets
Emerging markets may struggle to maintain balance in their financial systems in the face of global liquidity flows, Hyun Song Shin, head of research at the Bank for International Settlements (BIS), said on December 11.
In remarks to a joint Bank of Korea-International Monetary Fund conference, Shin said global funding currencies – namely, the US dollar, but increasingly the euro – were a constant influence on emerging markets through the risk-taking channel. If domestic financial conditions are
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