Brookings Podcast on Economic Activity How have Fed interest rate hikes affected other national economies?
Nov 9, 2023
Fed interest rate hikes historically triggered crises in emerging markets, but not this time. Study explores improved monetary policy credibility in these countries. Discussion on the concept of capital leaving emerging markets and its consequences. Impact of improved credibility of central banks in major emerging markets and a new index to measure policy credibility. Potential consequences of rate hikes on emerging markets and poorer countries, emphasizing the importance of improving monetary policy credibility. Implications for countries planning to connect with global financial markets, emphasizing the need for improved policy frameworks and vulnerability management.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Introduction
00:00 • 3min
Impact of Federal Reserve Interest Rate Hikes on Emerging Markets
02:43 • 5min
Understanding the Concept of Capital Leaving Emerging Markets
07:14 • 3min
Improved Credibility of Central Banks and its Impact on Resilience
09:53 • 3min
Impact of Fed Interest Rate Hikes on Emerging Markets and Poor Countries
12:36 • 16min
Implications for Countries Planning to Connect with Global Financial Markets
28:40 • 2min