Monetary easing may cause developing world asset bubbles: IMF
World BusinessOct 14, 2012
Monetary easing in the developed world could cause overheating and asset bubbles in emerging economies, the International Monetary Fund's managing director said in Tokyo on Sunday."Accommodative monetary policies... could strain the capacity of those economies to absorb the potentially large flows and could lead to overheating asset price bubbles," Christine Lagarde said.Critics in emerging nation