Stronger US dollar hits emerging countries more, says IMF
Credible monetary policy frameworks are key to cushion external shocks, report argues
A stronger dollar has worse effects on emerging markets than on advanced economies, the International Monetary Fund said on July 19.
The fund’s latest external sector report dedicates a chapter to analyse the US dollar cycles and how these impact economies worldwide. It concludes credible monetary policy frameworks help emerging market economies (EMEs) limit the negative impact of these external shock.
One of the report’s main conclusions is “the negative real sector spillovers from US dollars
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