The Coming U.S. Interest Rate Tightening Cycle : Smooth Sailing or Stormy Waters?
Since the global financial crisis, the exceptionally accommodative monetary policy stance of the U.S. Federal Reserve (Fed) has helped support activity, bolstered asset valuations, and reduced risk premia. In addition, it has been instrumental in boosting capital flows to emerging and frontier marke...
| Main Authors: | , , , |
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| Language: | en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/22629 |