Federal Reserve Policy and Emerging Markets

Testimony by Benn Steil

January 9, 2014

Download PDF
Testimony
Testimony by CFR fellows and experts before Congress.

More on:

Global

Monetary Policy

In his testimony before the House Committee on Financial Services' Subcommittee on Monetary Policy and Trade, Benn Steil argues that changes in U.S. monetary policy can have significant impact on emerging-market capital inflows and outflows and that the resulting exchange rate movements against the dollar can have large and rapid effects on the level of inflation and exports.

More on:

Global

Monetary Policy

In the News

Federal Reserve Policy and Emerging Markets

Council on Foreign Relations

Explore More on Global

Women and Women's Rights

Abortion Law: Global Comparisons
The U.S. Supreme Court overturned Roe v. Wade, which guaranteed the constitutional right to abortion for almost fifty years. How does regulation of abortion in the United States compare to that in the rest of the world?

Article by Women and Foreign Policy Program Staff March 7, 2024 Women and Foreign Policy Program

United Nations

The UN Security Council
The UN Security Council is the premier global body for maintaining international peace and security, but it faces steady calls for reform to better meet twenty-first-century challenges.

Backgrounder by CFR.org Editors February 26, 2024

Global

Central Bank Currency Swaps Tracker
Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…

Article by Benn Steil, Benjamin Della Rocca and Dinah Walker February 9, 2024

Top Stories on CFR

Turkey

Erdogan’s Crisis of Legitimacy and Its Consequences
Despite the destabilizing effects of his economic and foreign policies, as well as a major election loss, President Erdogan shows no sign of interest in course correction.

Article by Henri J. Barkey May 2, 2024

Economics

Global Inflation Tracker
The CFR Global Inflation Tracker allows you to gauge trends in prices across the world over time.

Tracker by Benn Steil and Elisabeth Harding April 30, 2024 Greenberg Center for Geoeconomic Studies

China

A Second China Shock, With Brad Setser

Podcast
Brad Setser, the Whitney Shepardson senior fellow at CFR, sits down with James M. Lindsay to discuss the causes and consequences of China’s export surge.

Podcast with James M. Lindsay and Brad W. Setser April 30, 2024 The President’s Inbox