Pasricha, Gurnain Kaur; Falagiarda, Matteo; … - 2015
trilemma, as a result of offsetting resident flows and ample investment opportunities in EMEs. These findings highlight the … BRICS) generated significant spillovers via bank lending and exchange rates, particularly in the post-2008 environment of … abundant global liquidity. Spillovers seem to be strongest among the BRICS and in Latin America. These results are robust to …