Email This Article
Unconventional Policies and Capital Flows
In our view, managing exchange-rate appreciation may become a focus for these central banks. Ultimately, the effect could be a reversal of capital “safety” flows, with the implication that these flows may go to other “safe harbors,” where central banks are actively stimulating their economies through their asset markets.
-Ben Emons, senior vice president, PIMCO
Login for Registered Users:
Log in below to email an article: