Even as I have annotated my five questions from the perspective of emerging economies, I realize that these concerns are not unique to them. We only have to look around the world. What began with demonstrations in Madrid this spring has coalesced into something on a much grander scale.
“Monetary Policy Issues in Sub-Saharan Africa,” in Célestin Monga and Justin Yifu Lin, eds., The Oxford Handbook of Africa and Economics: Policies and Practices. New York: Oxford University Press. Board of Governors of the Federal Reserve System (2015). “Federal Reserve Issues FOMC Statement,” press release, June 17. Capie, Forrest, Charles Goodhart, Stanley Fischer, and Norbert Schnadt (1994).