Prof. Anusha Chari of the University of North Carolina on shocks and capital flows in emerging markets
Scientific Sense ®
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The Search for Yield Floes in Emerging Markets
The inusia is it there is sort of free money in the developed markets. Yet, these were definitely what we call ar search for yield floes. And combined with that, the falling risk premia, low interest rates, or zero at the zero lower bound, are both combined a to a in push these floes into emerging markets.
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