http://www.nytimes.com/2015/12/08/business/dealbook/economists-criticism-of-federal-reserve-policies-gains-ground.html
Many Fed watchers have warned about the upsetting effect Ben S. Bernanke’s aggressive central bank actions have had on emerging markets around the globe. But when the recently retired chairman of the Federal Reserve came to the International Monetary Fund last month to deliver a vigorous defense of how his bond-buying spree played out abroad, Mr. Bernanke directed his remarks not at prominent critics in Brazil and India but at a 45-year-old French economist living in London. Hélène Rey, a professor at the London Business School, contends that the impact of Fed policies on global markets has become so potent that emerging markets have become largely powerless in terms of coping with the large investment flows that pour into and out of their economies. [snip] _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
