Spillover Effects

The Fed And Spillover Effects For Emerging Markets

By Jiaqian Chen, Tommaso Mancini-Griffoli, and Ratna Sahay The Federal Reserve’s recent unconventional monetary policies seem to have affected emerging markets more than traditional policies. When the United States sneezes, the saying goes, the rest of the world catches a cold. This adage is not mere folklore. The recent global financial crisis drove home the importance … Continue reading →