The US Federal Reserve building in Washington on July 1. The monetary policies undertaken by the Fed and other major central banks in response to the Covid-19 pandemic have created more room for central banks in emerging economies to experiment with and pursue new policies. Photo: AFP The US Federal Reserve building in Washington on July 1. The monetary policies undertaken by the Fed and other major central banks in response to the Covid-19 pandemic have created more room for central banks in emerging economies to experiment with and pursue new policies. Photo: AFP
The US Federal Reserve building in Washington on July 1. The monetary policies undertaken by the Fed and other major central banks in response to the Covid-19 pandemic have created more room for central banks in emerging economies to experiment with and pursue new policies. Photo: AFP
Piroska Nagy-Mohacsi
Opinion

Opinion

The View by Piroska Nagy-Mohacsi

Coronavirus recovery: how the stimulus splurge in advanced economies has opened doors for emerging markets

  • 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 inevitably hit balance sheets and lead to bankruptcies and bad loans

Piroska Nagy-Mohacsi
Piroska Nagy-Mohacsi

Updated: 10:18pm, 20 Aug, 2020

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The US Federal Reserve building in Washington on July 1. The monetary policies undertaken by the Fed and other major central banks in response to the Covid-19 pandemic have created more room for central banks in emerging economies to experiment with and pursue new policies. Photo: AFP The US Federal Reserve building in Washington on July 1. The monetary policies undertaken by the Fed and other major central banks in response to the Covid-19 pandemic have created more room for central banks in emerging economies to experiment with and pursue new policies. Photo: AFP
The US Federal Reserve building in Washington on July 1. The monetary policies undertaken by the Fed and other major central banks in response to the Covid-19 pandemic have created more room for central banks in emerging economies to experiment with and pursue new policies. Photo: AFP
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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.