01815cas a2200253 a 4500 AALejournalIMF001323 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856811 1018-5941 BD-DhAAL BD-DhAAL Arora, Vivek. How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets? / Vivek Arora, Martin Cerisola. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper quantifies the economic impact of changes in U.S. monetary policy on emerging market countries. We explore empirically how country risk, as proxied by sovereign bond spreads, is influenced by U.S. monetary policy, country-specific fundamentals, and conditions in global capital markets. In addition, we simulate the direct effects of a tightening in U.S. monetary policy on economic conditions in developing countries. While country-specific fundamentals are important in explaining fluctuations in country risk, the stance and predictability of U.S. monetary policy are also important for stabilizing capital flows and capital market conditions and fostering economic growth in developing countries. Mode of access: Internet Cerisola, Martin. IMF Working Papers; Working Paper ; No. 2000/148 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/148/001.2000.issue-148-en.xml IMF e-Library