Catherine Schenk

Nota: Este archivo abarca los artículos publicados por el autor desde el 1 de mayo de 2009. Para fechas anteriores realice una búsqueda entrecomillando su nombre.

Demonstrators protest against the IMF in Buenos Aires on 1 June. Photo: Getty Images.

After 2008, when central bank interest rates plummeted to combat the financial crisis, low investment yields in advanced economies caused many emerging markets to experience massive capital inflows, causing appreciating currencies. Now, as rates are beginning to rise again, especially at the US Federal Reserve, the reverse is likely – as the dollar value rises, capital should begin to flow out of these emerging markets and put downward pressure on their currencies.

This has focused attention on the resilience of the global monetary and economic system – which has to step in as emerging markets face this strain – as well as the stigma it faces from many governments around the world. …  Seguir leyendo »