Following a period of turbulence and volatility in late 2018, international financial markets have displayed a more orderly behavior since the turn of this year. This has been particularly beneficial for EMEs.
Yves Mersch: Monetary policy and financial stability under one roof Keynote speech by Mr Yves Mersch, Member of the Executive Board of the European Central Bank, at the 6th Policy Roundtable of the European Central Bank: “The future of global policy coordination”, Frankfurt am Main, 6 September 2013.