Series: IMF Working Papers
Author(s): Swarnali Ahmed
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 December 2015
Keywords: Fed liftoffs, policy responses, policy framework, emerging market economies, interest, market, portfolio, interest rate, Monetary Policy (Targets, Instruments
After more than six years of ultra-low interest rates, a Fed liftoff (rate hike) is just a matter of time. This paper goes back to history to understand the spillover effect - or what is termed in the paper as the...