Financial conditions in the era of positive interest rates: A Commentary

Global financial conditions have tightened significantly this year, with the Federal Reserve and various central banks raising their policy rates. The lion's share of developing countries is vulnerable to this development. This short commentary explains the backbone of why low- and middle-income economies suffer the most under these market circumstances and highlights a few policy recommendations to mitigate the impact.

Financial conditions in the era of positive interest rates- A Commentary_Sebastian Maser

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