Emerging markets: Prospects and challenges

This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers’ ability to grapple with an incomplete and uneven recovery wi...

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Detalles Bibliográficos
Autores principales: Gudmundsson, Tryggvi, Klyuev, Vladimir, Medina, Leandro, Nandwa, Boaz, Plotnikov, Dmitry, Schiffrer, Francisco, Yang, Di
Formato: Online Artículo Texto
Lenguaje:English
Publicado: International Monetary fund. Published by Elsevier Inc on behalf of The Society for Policy Modeling 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9472750/
https://www.ncbi.nlm.nih.gov/pubmed/36124072
http://dx.doi.org/10.1016/j.jpolmod.2022.09.012
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author Gudmundsson, Tryggvi
Klyuev, Vladimir
Medina, Leandro
Nandwa, Boaz
Plotnikov, Dmitry
Schiffrer, Francisco
Yang, Di
author_facet Gudmundsson, Tryggvi
Klyuev, Vladimir
Medina, Leandro
Nandwa, Boaz
Plotnikov, Dmitry
Schiffrer, Francisco
Yang, Di
author_sort Gudmundsson, Tryggvi
collection PubMed
description This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers’ ability to grapple with an incomplete and uneven recovery will be constrained by high public debt and uncertain inflation prospects as well as external risks surrounding capital flows and exchange rate developments. The paper also discusses potential impact of a tightening in global financial conditions and appreciation of the US dollar that could be triggered by a general increase in risk aversion or a reassessment of the likely path of US monetary policy.
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spelling pubmed-94727502022-09-15 Emerging markets: Prospects and challenges Gudmundsson, Tryggvi Klyuev, Vladimir Medina, Leandro Nandwa, Boaz Plotnikov, Dmitry Schiffrer, Francisco Yang, Di J Policy Model Article This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers’ ability to grapple with an incomplete and uneven recovery will be constrained by high public debt and uncertain inflation prospects as well as external risks surrounding capital flows and exchange rate developments. The paper also discusses potential impact of a tightening in global financial conditions and appreciation of the US dollar that could be triggered by a general increase in risk aversion or a reassessment of the likely path of US monetary policy. International Monetary fund. Published by Elsevier Inc on behalf of The Society for Policy Modeling 2022 2022-09-13 /pmc/articles/PMC9472750/ /pubmed/36124072 http://dx.doi.org/10.1016/j.jpolmod.2022.09.012 Text en © 2022 International Monetary fund. Published by Elsevier Inc on behalf of The Society for Policy Modeling. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Gudmundsson, Tryggvi
Klyuev, Vladimir
Medina, Leandro
Nandwa, Boaz
Plotnikov, Dmitry
Schiffrer, Francisco
Yang, Di
Emerging markets: Prospects and challenges
title Emerging markets: Prospects and challenges
title_full Emerging markets: Prospects and challenges
title_fullStr Emerging markets: Prospects and challenges
title_full_unstemmed Emerging markets: Prospects and challenges
title_short Emerging markets: Prospects and challenges
title_sort emerging markets: prospects and challenges
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9472750/
https://www.ncbi.nlm.nih.gov/pubmed/36124072
http://dx.doi.org/10.1016/j.jpolmod.2022.09.012
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