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Should India fear the exchange rate-inflation Rakshasha?

Brad DeLong, professor of economics | August 31, 2013

Laura Tyson has a nice piece in Project Syndicate this morning about typhoon season for emerging market economies. With increasing signs the North Atlantic central banks will tighten over the next several years, forward-looking financial markets are incorporating that tightening into their pricing of emerging-market assets today. This means emerging-market central banks have three options: … Continue reading »