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Piroska Nagy-Mohacsi
Piroska Nagy-Mohacsi
Piroska Nagy-Mohacsi is programme director and senior fellow at the Institute of Global Affairs, London School of Economics.

The spillover effects from quantitative easing in the world’s biggest economies have helped emerging markets broaden their toolkit of monetary policy. There are limits to the benefits of this new freedom, though, as a prolonged recession will lead to bankruptcies and bad loans.

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