Why Did Macro Policy in Emerging Market Countries Improve?
March 02, 2010 at 13:13 PM EST
The resilience of emerging market economies severely hit by the panic of 2008 is amazing, especially in comparison with the long emerging market crisis period of a decade ago. I have written that the main explanation for this resilience is improved macroeconomic policy which was put in place in the years before the crisis in many [...]