How emerging markets raked in the money
Saturday 24 August 2013
More than $1.1trn (£705bn) has been pumped into emerging markets since 2008 as investors deterred by rock-bottom interest rates and money printing in the West sought higher returns, IMF managing director Christine Lagarde said yesterday.
In a speech at the Jackson Hole symposium in the US, Ms Lagarde said the inflow was an estimated $470bn above long-term trends, boosting property prices, shares and credit markets in countries including Brazil, China, Korea and Thailand.
This is according to an IMF study of assessing the impact of unconventional monetary policy on 13 countries not forced to undertake emergency measures.
Ms Lagarde stressed the impact of exceptional policy measures on emerging markets was still positive – “at least for now” – as countries took action to make their financial systems more secure and manage the flow of capital. But she warned: “We all know that the situation can turn quickly – as we have seen in recent days.”
- 2 California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
- 4 Charles Kennedy 'had better judgement drunk than many sober politicians' says Ian Hislop
Amber Peat: Body found in search for missing 13-year-old who ran away after argument with her parents
California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
Sepp Blatter resigns: FBI are investigating outgoing Fifa president, claims report
Alton Towers crash: Four guests seriously injured as Smiler ride carriages collide
Charles Kennedy dead: A guy once asked the Lib Dem leader who his favourite Muppet was and his letter response was wonderful
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Church of England 'one generation away from extinction' after dramatic loss of followers
iJobs Money & Business
£30000 - £35000 per annum: Recruitment Genius: The UK's fastest growing, multi...
£70000 - £90000 per annum: Recruitment Genius: A Financial Reporting Manager i...
£23000 - £25000 per annum: Recruitment Genius: They win lots of awards for the...
£13500 - £20000 per annum: Recruitment Genius: This nationwide enforcement com...