• Central Bank Credibility Pays Off in Times of Stress

    2 monthes ago - By iMF Direct

    By Rudolfs Bems , Francesca Caselli , Francesco Grigoli , Bertrand Gruss , and Weicheng Lian
    October 3, 2018
    عربي , 中文, Français
    Shopping center in Warsaw, Poland: emerging market economies have been able to bring down inflation to a low level
    Since the mid-2000s, inflation in emerging market economies has been remarkably low and stable, in sharp contrast to the 1990s. But rising interest rates in advanced economies like the United States have triggered currency depreciations in emerging market economies over the past few months-quite sharp in some cases-and are testing their ability to...
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