Copying and distributing are prohibited without the permission of the publisher. If you wish to distribute this content please contact Christopher Hunt (email@example.com) for a quote.
Subscribe today: Order Euromoney by contacting us on +44 (0)20 7779 8999 (UK) or +1 212 224 3570.
World Bank pleads for monetary coordination
Chief economist Kaushik Basu calls for coordinated central bank policymaking, amid fears over Fed-induced volatile capital flows in developing economies. He likens such an effort to avoid mutually assured currency destruction to the nuclear non-proliferation treaty.
To receive similar stories, sign up for Regions and emerging markets emails.