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Peace and Stability as Enablers for and Outcome of Development
Pingfan Hong
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Transforming MDG Growth Patterns for SGDs
Pingfan Hong
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Summary: In June 2017, the Fed raised its key policy rate for the fourth time since December 2015, and announced plans to gradually reduce the size of its balance sheet. Amid high economic and policy uncertainty, however, rising interest rates by the Fed may pose considerable challenges for the emerging economies. Notably, countries with high borrowing needs, large dollar-denominated debt and fragile macroeconomic conditions are at a higher risk of experiencing large and potentially destabilising capital outflows. In this environment, policymakers will need to assess the various policy tools available that will most effectively mitigate the spillover effects of the Fed’s policy transition…