ITHACA – In recent months, emerging economies have experienced capital-flow whiplash. Indications that the US Federal Reserve might “taper” its quantitative easing (QE) drove investors to reduce their exposure to emerging markets, sharply weakening their currencies and causing their equity prices to tumble.
伊萨卡—最近几个月以来，新兴经济体经历了资本流的鞭挞。美联储可能“逐步减少”其量化宽松（QE）等迹象让投资者争相降低新兴市场风险敞口，导致新兴市场货币大幅贬值、股价崩盘。如今“逐渐减少”被叫停，一些新兴市场又出现了资本回流。但是，新兴经济体对于下一步会发生什么缺少控制力和影响力，它们仍在苦苦寻找如何保护自己免受美联储政策反复的冲击。