In the pre-crisis years, it was intellectually fashionable to subscribe to the “decoupling” hypothesis which held that even if advanced economies went into a downturn, EMEs would not be affected because of their improved policy framework, robust external reserves and resilient banking systems. Yet the crisis affected virtually all EMEs, denting the credibility of the decoupling hypothesis.
With such a long list of researchable topics, I look forward to seeing a large international attendance again at INFINITI, and I declare the 2010 conference open. 2  BIS Review 81/2010