The Impact of COVID-19 on Emerging Markets Economies’ Financial Conditions

Posted: 14 Oct 2020

See all articles by Shaghil Ahmed

Shaghil Ahmed

Board of Governors of the Federal Reserve System

Jasper Hoek

Board of Governors of the Federal Reserve System

Steven B. Kamin

Board of Governors of the Federal Reserve System

Benjamin Smith

Board of Governors of the Federal Reserve System

Emre Yoldas

Board of Governors of the Federal Reserve System

Date Written: October 07, 2020

Abstract

The emerging market economies (EMEs) – and the lower-income developing economies to an even greater extent – generally are extremely vulnerable to the COVID-19 pandemic. Many EMEs have weak public health systems, poor and financially vulnerable populations, inadequate social safety nets, limited monetary and especially fiscal policy space, and high exposure to global trade and commodity prices.

Suggested Citation

Ahmed, Shaghil and Hoek, Jasper and Kamin, Steven B. and Smith, Benjamin and Yoldas, Emre, The Impact of COVID-19 on Emerging Markets Economies’ Financial Conditions (October 07, 2020). FEDS Notes No. 2020-10-07-1 https://doi.org/10.17016/2380-7172.2749, Available at SSRN: https://ssrn.com/abstract=3711628

Shaghil Ahmed (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC
United States

Jasper Hoek

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Steven B. Kamin

Board of Governors of the Federal Reserve System ( email )

20th St. and Constitution Ave.
Washington, DC 20551
United States
202-452-3339 (Phone)
202-736-5638 (Fax)

Benjamin Smith

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Emre Yoldas

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
143
PlumX Metrics