Discover and read the best of Twitter Threads about #developingeconomies
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Union Finance Minister Smt. @nsitharaman, Governor for India in @ADB_HQ, participated as a panelist in the Governors' Seminar on the theme 'Policies to Support Asia's Rebound', held as part of 56th #ADBAnnualMeeting, in Incheon, South Korea, today. @IndiainROK
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Besides FM Smt. @nsitharaman representing as Governor for India, Ms Sri Mulyani Indrawati, Indonesia; Mr Niels Annen, Germany; Mr Changyong Rhee, Republic of Korea; & @ADBPresident and Chairperson of the Board of Directors also participated. @IndiainROK
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FM Smt. @nsitharaman stated that protection of vulnerable sections has been India's prime focus as the government charted its course towards #recovery from the #COVID19 Pandemic. @IndiainROK
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History shows that the reserve #currency issuer must strike a balance between sufficient international liquidity and stable money value，said CF40 member Guo Kai, mp.weixin.qq.com/s/kCLviAhMXdx4… 1/8
After the #dollar was decoupled from gold, the stability of the international monetary system has been more dependent on the #Fed’s monetary policy, which is inherently unstable, the #internationalfinancialcrisis that erupted in 2008 profoundly reflected the shortcoming. 2/8
After the crisis, the long-term implementation of easy monetary policy and its exit in developed economies has intensified the financial market volatility and the disorderly fluctuation risk of cross-border capital in emerging markets and #developingeconomies. 3/8
