3min chapter

Odd Lots cover image

Hyun Song Shin on CBDCs and the Future of Central Banking

Odd Lots

CHAPTER

Has the Crisis Changed Policy Space on the Emerging Market Front?

Tracy verinog: We saw a lot of fiscal expansion, not just in the us. Has has the crisis changed anyone's view about what is capable of? That may be from a policy space perspective, that e m had more latitude to fight down turns on their own than we thought. The question is, how much more space do emerging markets have? I think fiscal space has narrowed because the debts of emerging markets have grown relative to where they were er in last year.

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