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Debunking EM FX Pass-Through Myths by Jovy Zhang is a document available to read on EtoBox.

What is Debunking EM FX Pass-Through Myths about?

The document challenges the conventional belief that currency depreciation in Emerging Markets (EM) leads to higher inflation, presenting evidence that inflation often declines during periods of currency weakness. It argues that the relationship between currency movements and inflation is influenced by capital flows rather than a direct cause-and-effect mechanism, suggesting that stronger currencies can actually correlate with higher inflation. The authors advocate for maintaining permanent allocations to E

Author

Jovy Zhang

Language

EN