Brana, Sophie; Djigbenou, Marie-Louise; Prat, Stéphanie - Laboratoire d'Analyse et de Recherche Économiques et … - 2012
The overly accommodating monetary policy is often accused of creating surplus liquidity and bubbles on the asset markets. In particular, it could have contributed to strong capital inflows in emerging countries, which may have had a significant impact on financial stability in these countries,...
