Beginning later this year, the FOMC will devote time at a series of our regular meetings to assess lessons from these events, supported by staff analysis performed throughout the Federal Reserve System. We will publicly report the outcome of our discussions. In the meantime, anyone who is  2  Herbst-Bayliss (1999).
However, since October, the EMCI has lost only 0,5 per cent against the US dollar, whereas the rand has shed a further 5 per cent. While all such calculations have their limitations, the fact of the matter is that the rand has been one of the worst-performing emerging-market currencies over the past nine months, despite emerging markets in general facing the same external conditions.