The American interest rate debate: coming to a Central Bank near you

KIMIMASA MAYAMA

European Central Bank President Mario Draghi (2-R) talks with US Federal Reserve Board Chair Janet Yellen (2-L) and former US Treasury Secretary Jacob Lew (R) and President of the Deutsche Bundesbank Jens Weidmann during a group photo session of the G7 Finance Ministers and Central Bank Governors meeting at Akiu in Sendai, Miyai Prefecture, northern Japan, 20 May 2016.

The American interest rate debate: coming to a Central Bank near you


The abundance of dollars at record-low cost has been a stable feature of the international economy for little under a decade. Emerging markets everywhere, from Eastern Europe to Turkey, and from Hong Kong to Qatar are exposed to dollarized debt and pegged currencies, which may now become more expensive.
Emerging markets everywhere, from Eastern Europe to Turkey, and from Hong Kong to Qatar are exposed to dollarized debt and pegged currencies, which may now become more expensive.
The same probl...


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