As the recovery in high-income countries firms amid a gradual withdrawal of extraordinary monetary stimulus, developing countries can expect stronger demand for their exports as global trade regains momentum, but also rising interest rates and potentially weaker capital inflows. This paper assesses the implications of a normalization of policy and activity in high-income countries for financial flows and crisis risks in developing countries. In the...
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INFORMATION
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2014/04/01
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Document de travail de recherche sur les politiques
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WPS6830
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1
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1
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2014/04/01
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Disclosed
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Unconventional monetary policy normalization in high-income countries : implications for emerging market capital flows and crisis risks
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Capital Inflows