On the question of the spillover effects from the fed’s potential tapering, again let me remind what Managing Director Lagarde said in the context of the G-20 last week, which was, “I’m pleased the G-20 members recognize the need to ensure that exit from one conventional monetary policy when it comes should be orderly and clearly communicated. At the same time there was also a clear recognition that emerging markets need to address their domestic challenges in order to effectively manage the spillovers.”
Gerry Rice
Director
Communications Department IMF
