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Les conséquences de la politique monétaire non conventionnelle de la Fed sur les pays émergents

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  • François Viaud

Abstract

At the end of 2008, the implementation of Quantitative Easing (QE) in the U.S.A. raised many questions about efficiency and spillovers. The literature evoked heterogeneities in the consequences of this policy. The purpose of this article is to reveal the causes and national and international implications of this policy. This work establishes that: national QE effects depend on asset purchased; spillovers on emerging markets are verified but heterogenous regarding time, geography and financial market under review.

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  • François Viaud, 2021. "Les conséquences de la politique monétaire non conventionnelle de la Fed sur les pays émergents," Revue française d'économie, Presses de Sciences-Po, vol. 0(4), pages 47-85.
    • Handle: RePEc:cai:rferfe:rfe_214_0047
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