Bras de fer avec la volatilité: quelles options de politique pour les marchés émergents ?

Philip Turner

Revue d'économie financière, 2015, vol. n° 119, issue 3, 227-250

Abstract: Very expansionary and non-conventional monetary policy in the advanced economies has suppressed bond market volatility and lowered yields. When this reverses, there may be an outsized impact on emerging market bonds. This paper considers the options open to central banks in the emerging markets ? policy rate changes, forex intervention, changes in reserve requirements and interventionist bond market operations. Classification JEL: E43, E52, E58, E63.

JEL-codes: E43 E52 E58 E63 (search for similar items in EconPapers)
Date: 2015
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