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    Monetary policy in the North, effects in the South

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    Published on Thursday, October 16, 2014 | Updated on Friday, July 17, 2015

    Document number 14/29

    Monetary policy in the North, effects in the South

    Portfolio flows across Emerging Markets (EMs) have been particularly volatile over the last years. Financial distress at the beginning of the crisis was followed by monetary policy reactions in developed economies and emerging countries triggering push and pull forces favourable for flow dynamics across Emerging Markets.

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