Financial and Monetary Systems

How can emerging economies lower the risks of a protracted recession? 

A screen showing the Polish stock market index (WIG20) is seen at the Warsaw Stock Exchange August 29, 2011. Emerging European currencies were mixed versus the euro on Monday, with the Polish zloty firming to catch up with the region on upbeat second quarter growth expectations. Stocks posted gains across the region and bond yields edged mostly lower, but a trading holiday in London meant that activity was subdued after a month of choppy markets and see-sawing sentiment among global investors.    REUTERS/Kacper Pempel (POLAND - Tags: BUSINESS)

Image: REUTERS/Kacper Pempel

Zhu Min
Vice-Chairman, China Center for International Economic Exchanges (CCIEE)
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