(Emerging Market Economies/Quantitative Easing) Quantitative easing in emerging market economies: Benefits, risks, and limitations (VOXEU)

Yasin Mimir, Enes Sunel Central banks in emerging economies deployed asset purchases for the first time to respond to the Covid-19 shock. Initial studies have found quantitative easing reduced long-term bond yields in these economies without creating bouts of currency depreciation. This column argues that asset purchases ease financial conditions in emerging economies by curbing […]