- The decade after the Great Financial Crisis of 2007–09 brought significant changes in the volume and composition of capital flows in the global economy.
- This article considers the implications of such a metamorphosis of finance for capital flows to emerging market economies.
- We analyze the extent to which a normalization of monetary policies in advanced economies may lead to shocks in those flows.
- As well as why exchange rate fluctuations between the U.S. dollar and other major currencies can affect capital flows to EMEs.
For further details see:
The Metamorphosis Of Finance And Capital Flows To Emerging Market Economies