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Fed Bond Purchases Had Larger Overseas Effects Than Rates, IMF Says

The Federal Reserve‘s bond-buying programs have had a much larger impact on capital flows in and out of emerging markets than conventional interest-rate moves in the past, according to a new working paper from the International Monetary Fund.

Source: http://blogs.wsj.com/economics/2015/01/07/fed-bond-purchases-had-larger-overseas-effects-than-rates-imf-says/?mod=WSJBlog
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