TY  - GEN
AB  - Six months ago, at the time of the last Monetary Policy Report, the global economic and financial environment was volatile and highly uncertain because of the adverse situation in Asia and the fallout from the Russian debt moratorium. Many emerging-market economies, particularly in Latin America, were hit by large capital outflows. And, as nervous investors sought safe havens, interest rate spreads on emerging-market debt widened dramatically, as did those between corporate and government bonds in the industrial countries. Since then, the situation in global financial markets has improved. Interest rate cuts by central banks in all major countries have helped to rebuild investor confidence.
DA  - 1999
ID  - 4009
KW  - Monetary policy
KW  - Politique monétaire
L1  - https://www.oar-rao.bank-banque-canada.ca/record/4009/files/mpr_may_1999.pdf
L2  - https://www.oar-rao.bank-banque-canada.ca/record/4009/files/mpr_may_1999.pdf
L4  - https://www.oar-rao.bank-banque-canada.ca/record/4009/files/mpr_may_1999.pdf
LA  - eng
LK  - https://www.oar-rao.bank-banque-canada.ca/record/4009/files/mpr_may_1999.pdf
N2  - Six months ago, at the time of the last Monetary Policy Report, the global economic and financial environment was volatile and highly uncertain because of the adverse situation in Asia and the fallout from the Russian debt moratorium. Many emerging-market economies, particularly in Latin America, were hit by large capital outflows. And, as nervous investors sought safe havens, interest rate spreads on emerging-market debt widened dramatically, as did those between corporate and government bonds in the industrial countries. Since then, the situation in global financial markets has improved. Interest rate cuts by central banks in all major countries have helped to rebuild investor confidence.
PY  - 1999
SN  - 1201-8783
T1  - Monetary Policy ReportMay 1999
TI  - Monetary Policy ReportMay 1999
UR  - https://www.oar-rao.bank-banque-canada.ca/record/4009/files/mpr_may_1999.pdf
Y1  - 1999
ER  -