About this work
Emerging market bond purchases were much smaller than the extraordinary monetary expansion in advanced economies during May 2020. Jonathan Fortun and coauthors survey central banks with timely data and find limited support to government financing from these programs. They expected concerns about further currency depreciation to constrain the scale of emerging market quantitative easing.
Abstract
Emerging market bond purchases were much smaller than the extraordinary monetary expansion in advanced economies during May 2020. Jonathan Fortun and coauthors survey central banks with timely data and find limited support to government financing from these programs. They expected concerns about further currency depreciation to constrain the scale of emerging market quantitative easing.
Cite this work
Jonathan Fortun, María Paola Figueroa, Martín Castellano, Robin Brooks, Ugras Ulku (2020). GMV: QE in Emerging Markets. Institute of International Finance.