The Transmission of Fed Tapering News to Emerging Financial Markets

In 2013, policymakers began discussing when and how to ‘taper’ the Federal Reserve’s quantitative easing policy. This column presents evidence on the effect of Fed officials’ public statements on emerging-market financial conditions. Statements by Chairman Bernanke had a large effect on asset prices, whereas the market largely ignored statements by Fed Presidents. Emerging markets with […] View the full post at: The Transmission of Fed Tapering News to Emerging Financial Markets Related posts: Good Policy Pays Off in Emerging Markets Emerging Market Liquidity Transmission For Now, Emerging Markets Leading the Way