The impact of quantitative easing on emerging markets: Literature review

Artikel

The article presents the results of the review of the empirical literature regarding the impact of quantitative easing (QE) on emerging markets (EMs). The subject is of interest to policymakers and researchers due to the increasingly larger role of EMs in the world economy and the large-scale capital flows occurring after 2009. The review is conducted in a systematic manner and takes into consideration different methodological choices, samples and measurement issues. The paper puts the summarized results in the context of transmission channels identified in the literature. There are few distinct methodological approaches present in the literature. While there is a consensus regarding the direction of the impact of QE on EMs, its size and durability have not yet been assessed with sufficient precision. In addition, there are clear gaps in the empirical findings, not least related to relative underrepresentation of the CEE region (in particular, Poland).

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: e-Finanse: Financial Internet Quarterly ; ISSN: 1734-039X ; Volume: 14 ; Year: 2018 ; Issue: 4 ; Pages: 67-76 ; Warsaw: Sciendo

Classification and Topics

• Classification: Wirtschaft ; Monetary Policy ; Central Banks and Their Policies
• Subject: quantitative easing ; emerging markets ; portfolio balance channel ; monetary transmission ; spillovers

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bartkiewicz, Piotr
• Event: Veröffentlichung
• (who): Sciendo
• (where): Warsaw
• (when): 2018

Further information

• DOI: doi:10.2478/fiqf-2018-0028
• Handle: http://hdl.handle.net/10419/266797
• Last update: 10.03.2025, 11:43 AM CET