London: Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements (BIS) warned on Sunday.
Such a boom-and-bust cycle might have severe global repercussions, not least due to the increased weight of emerging markets in the world economy and in investment portfolios, the BIS said in its annual report.
It urged central banks to pay more attention to the global spillovers from their domestic policies, an echo of complaints from Brazil and others that the ultra-loose monetary stance in older economies has touched off large, destabilising flows of capital into emerging markets in search of higher yields.
"This creates risks of rising financial imbalances similar to those seen in advanced economies in the years immediately preceding the crisis," the BIS said....
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11:20 PM, Jun 24, 2012
Mumbai: The state of India's fiscal condition is giving policy makers and citizens sleepless nights. But Jonathan Anderson of Emerging Advisors Group feels the concerns may be exaggerated. The Indian economy is not on the verge of collapse as the media, economists and market experts make it out to be, he says in his report 'The seven great myths of an Indian collapse'. "Nobody's seriously looking for Asian crisis-style turmoil...
01:44 PM, Apr 27, 2012
Washington: The US and UK on Wednesday agreed to work with emerging economies, including India, Brazil, China and Russia, to support creation of a new global partnership and engage them in poverty eradication. This is part of their effort and commitment to work towards their common goal of eradication of poverty from the world, the US and Britain said in a joint fact sheet issued on the occasion of the...
02:32 AM, Mar 15, 2012
New Delhi: Global investment guru Mark Mobius has a positive outlook on emerging economies in the long term and believes that their stock markets would be at much higher levels in the course of year than present levels. Mobius, the Franklin Templeton executive who pioneered emerging markets' investing, on his blog post said, "From a long-term perspective, we continue to have a positive outlook on emerging economies". "We believe that...
03:18 PM, Jan 13, 2012
New Delhi: India favours emerging economies jointly putting forward a candidate to head the International Monetary Fund, even if their bid is ultimately unsuccessful, two Indian finance ministry sources said on Monday. Asia's third-largest economy is working behind the scenes with other emerging economies to build consensus behind one candidate, the sources, who declined to be named, told Reuters. Former South African Finance Minister Trevor Manuel could emerge as the...
07:51 PM, May 23, 2011
Wages to rise by 14.4%, says analysis of 262 companies in India. ...
11:23 PM, Nov 21, 2007
