Globalisation creates monetary policy challenges for EMEs: BIS report

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Financial globalisation has multiplied the number of transmission channels and associated risks through which external factors influence domestic economic and financial conditions in emerging market economies, according to a Bank for International Settlements (BIS) report, published on Tuesday.

The report includes a collection of papers discussed at the 16th Annual Meeting of deputy governors from major emerging market economies, held at the BIS in Basel in February 2011. Members attending the

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