Thursday, September 22, 2011

Emerging economies have more ammunition available and should ease their monetary and fiscal policies.

Nouriel Roubini : Emerging-market economies have more policy tools left than advanced economies do, and they should ease monetary and fiscal policy. The International Monetary Fund and the World Bank can serve as lender of last resort to emerging markets at risk of losing market access, conditional on appropriate policy reforms. And countries, like China, that rely excessively on net exports for growth should accelerate reforms, including more rapid currency appreciation, in order to boost domestic demand and consumption. - in a recent article

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