How have Fed interest rate hikes affected other national economies?
Brookings Podcast on Economic Activity
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Impact of Fed Interest Rate Hikes on Emerging Markets and Poor Countries
This chapter explores the potential consequences of Federal Reserve interest rate hikes on emerging markets and poorer countries. It discusses the vulnerability of these countries to shocks and the negative effects of dollar-denominated debt. The speakers highlight the importance of improving monetary policy credibility and relying on financial markets to mitigate risks.
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