Turmoil in the emerging markets prompts an uncomfortable thought. Has the Federal Reserve’s quantitative easing programme done more to damage emerging markets than to boost the US recovery? It would be ironic indeed if the chief impact of the Fed’s unconventional measures turned out in hindsight to have been outside the US.
新興市場動蕩產生了一種令人不安的想法。與提振美國復蘇相比,美聯儲(Fed)的量化寬松計劃是否在更大程度上損害了新興市場?如果事后看來,美聯儲非傳統舉措的主要影響發生在美國以外,那將確實是具有諷刺性的。
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