Coulibaly, Brahima - Federal Reserve Board (Board of Governors of the … - 2012
During the 2008-2009 global financial crisis, emerging market economies (EMEs) loosened monetary policy considerably to … cushion the shock. In previous crises episodes, by contrast, EMEs generally had to tighten monetary policy to defend the value … factors that enabled this remarkable shift in monetary policy, and also to assess whether this marks a new era in which EMEs …