The stake of the Fed’s monetary policy: Emerging vs. Euro Zone & Japan

Posted on 08. Jun, 2016 by Jean Jacques Ohana in Weekly Focus

Almost all short term interest rates in the developed world are stuck to the 0% floor with some of them in negative territory (Switzerland, Euro Zone, Japan). The Central Banks’ leeway to ease further their monetary policies has considerably narrowed. Thus, the only monetary variable of adjustment left is the dollar, and its direction is [...]