02107cas a2200337 a 4500 AALejournalIMF022494 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400203954 1018-5941 BD-DhAAL BD-DhAAL Gudmundsson, Tryggvi. Emerging Markets : Prospects and Challenges / Tryggvi Gudmundsson, Vladimir Klyuev, Leandro Medina, Boaz Nandwa. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (22 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 article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers' ability to grapple with an incomplete and uneven recovery will be constrained by high public debt and uncertain inflation prospects as well as external risks surrounding capital flows and exchange rate developments. The paper also discusses potential impact of a tightening in global financial conditions and appreciation of the US dollar that could be triggered by a general increase in risk aversion or a reassessment of the likely path of US monetary policy. Mode of access: Internet Central Banks and Their Policies imf EM Inflation imf Emerging Markets, COVID-19 and Monetary Policy imf Global Outlook imf Monetary Policy imf Klyuev, Vladimir. Medina, Leandro. Nandwa, Boaz. IMF Working Papers; Working Paper ; No. 2022/035 Full text available on IMF http://elibrary.imf.org/view/journals/001/2022/035/001.2022.issue-035-en.xml IMF e-Library