CAMBRIDGE – As the Federal Reserve moves closer to initiating one of the most long-awaited and widely predicted periods of rising short-term interest rates in the United States, many are asking how emerging markets will be affected. Indeed, the question has been asked at least since May 2013, when then-Fed Chairman Ben Bernanke famously announced that quantitative easing would be “tapered” later that year, causing long-term US interest rates to rise and prompting a reversal of capital flows to emerging markets.
坎布里奇——随着被外界广为期待和猜测的美联储在美启动短期利率上调的日子越来越近，很多人都无法确定新兴市场经济将受到哪些冲击。 事实上，这个问题的提出始于2013年5月，时任美联储主席伯南克公开宣布将在当年晚些时候“收紧”量化宽松政策。该声明使美长期利率攀升，并导致资金流出新兴市场。