Bhaskar Chakravorti in The Indian Express – “Fed and the Unknowns”

“Fed and the unknowns” by Bhaskar Chakravorti

To be clear, interest rate increases by the Fed profoundly affect the emerging markets (EMs) in particular. A rate hike would likely lead to a stronger dollar, causing global investors to park more of their money in the US, instead of in EMs. This, in turn, could affect their currencies, exports and even employment levels.

Read the full op-ed from Dean Chakravorti in The Indian Express