Fed tightening is delivering a shock worldwide. But in EM banks, balance sheets and local-currency bond markets are more robust than in 1997, there are no destabilising capital flows, and most currencies are no longer tightly pegged to the dollar
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RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…