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.
新兴市场动荡产生了一种令人不安的想法。与提振美国复苏相比,美联储(Fed)的量化宽松计划是否在更大程度上损害了新兴市场?如果事后看来,美联储非传统举措的主要影响发生在美国以外,那将确实是具有讽刺性的。
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