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The Impact of COVID-19 on Emerging Market Economies' Financial Conditions

Shaghil Ahmed, Jasper Hoek, Steven B. Kamin, Ben Smith and Emre Yoldas

No 2020-10-07-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

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.

Date: 2020-10-07
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DOI: 10.17016/2380-7172.2749

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