By now, the global repercussions are clear, falling most acutely on developing economies with large current-account deficits – namely, India, Indonesia, Brazil, Turkey, and South Africa. These countries benefited the most from QE-induced capital inflows, and they were the first to come under pressure when it looked like the spigot was about to be turned off.
如今该政策对全球造成的影响变得显而易见，其中对拥有巨额经常账户赤字的发展中经济体影响尤为剧烈——也就是印度，印尼，巴西，土耳其以及南非。这些国家从量化宽松政策催生的资本流入中受益最大，一旦水闸看似即将关闭，它们也会首当其冲受到压力。当美联储其九月中旬的政策会议上犹豫不决时，这些国家的本币汇率和股票市场也出现了喘息性反弹。