Time to Rethink Monetary Policy in Emerging Economies: Touching the Tip of an Iceberg
10 Pages Posted: 28 Apr 2016
Date Written: March 8, 2016
Abstract
Emerging economies are struggling to keep their growth momentum alive in the face of waning global demand. Yet, they are partly handicapped by the loss of monetary policy independence and greater exposure to potential capital reversal. Against this background, a comprehensive review of all their policy options are in order, including both macro policy instruments, micro measures, and global safety net aimed at attaining the best possible solution to escaping global recession.
Keywords: monetary policy, emerging economies
Suggested Citation: Suggested Citation
Lee, Il Houng and KIim, Kyunghun and Kang, Eun Jung, Time to Rethink Monetary Policy in Emerging Economies: Touching the Tip of an Iceberg (March 8, 2016). KIEP Research Paper No. World Economy Update-16-06, Available at SSRN: https://ssrn.com/abstract=2771581 or http://dx.doi.org/10.2139/ssrn.2771581
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