Behind the rhetoric of global currency wars lies a more fundamental concern that loose monetary policy in the developed economies will lead to rapid and destabilising capital inflows to the emerging world. As things stand, inflows to EMs as a whole are still low by recent standards. But some countries are already experiencing problems and, with monetary policy in the US and elsewhere set to remain extremely loose for some time, more are likely to do so over the coming years.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services