Emerging markets have grown well but current risks to future growth and stability include high investment growth, excessive lending, overhang of liquidity, strengthening retail demand and imbalances in trade and international payments. So said Dr Y.V. Reddy, Governor of the Reserve Bank of India, who was talking at the Monetary Policy Under Uncertainty
conference, hosted by the Central Bank of Argentina in Buenos Aires.
Emerging-market economies constitute about 80% of the global population,