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The impact of the Fed rate hike on EMEs

June 18, 2018
The immediate causality of Fed rate hike has been the correction of asset prices in most EMEs. Is this a flight to safety? Or is this due to drying up of the source of global liquidity, which fostered speculative rise in asset prices around the globe earlier? It may be a combination of both, which would hamper capital flows to EMEs.

from The Financial ExpressEconomy – The Financial Express https://ift.tt/2JMUoc2

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