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VERSION:2.0
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DTSTAMP:20260507T082010Z
DTSTART;VALUE=DATE:20111130
DTEND;VALUE=DATE:20111202
SUMMARY:9th ESCB Workshop on emerging markets
TRANSP:TRANSPARENT
UID:2011_12_01_frankfurt_635222
DESCRIPTION:Emerging markets are becoming increasingly important in the g
 lobal economy. In 2009\, they accounted for 47% of world output in PPP t
 erms and for almost 70% of global growth. Such important changes in the 
 world economic order have prompted questions whether emerging markets ha
 ve managed to decouple from fluctuations in advanced economies and how t
 he linkages between advanced and emerging market economies have changed.
  Structural\, financial and trade reform measures in emerging economies 
 have been discussed in the past and progress in this regard may have imp
 ortant consequences not only for emerging market growth but also the int
 eraction with other countries and global growth. Furthermore questions r
 egarding competitiveness of emerging economies in a global environment h
 ave been raised.\n\nThe aftermath of the crisis has stimulated further t
 he interest in the development of emerging economies\, on account of the
 ir much stronger growth performance than that of advanced economies. It 
 has to some extent also changed the focus of the debate as low interest 
 rates in advanced economies and problems in their financial systems can 
 have important consequences for the real and financial development in em
 erging countries. Structural and cyclical pull and push factors have res
 ulted into a strong wave of private capital flows towards emerging marke
 t economies. While capital inflows may be beneficial for the host countr
 ies\, it may also complicate the domestic macroeconomic policy setting a
 nd increase financial stability risks.
LOCATION:Deutsche Bundesbank\, Wilhelm-Epstein-Straße 14\, 60431 Frankfur
 t am Main\, Germany
CONTACT:
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