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2015-11-24 19:48:46 C●●●●●●n with ●●●●●●●●●●●● :●●●●●●olp.●●●●●●earch-paper-on-●●●●●●e-●●●●●●ing ●●●●●● ●●●●●●rnia a-g ●●●●●●●●●●●● ●●●●●●se ●●●●●●ation In this GEO's ●●●●●●ative ●●●●●●io, we ●●●●●●e the ●●●●●● ●●●●●● ●●●●●● of an ●●●●●●onal 100bps rise (●●●●●●ve to mid-S●●●●●●er level) in long-term ●●●●●●st rates in MAEs, ●●●●●●ing Japan, and 200bp in most EMs ●●●●●●ting a jump in the risk ●●●●●●m. The ●●●●●●tion ●●●●●●s ●●●●●●te world GDP ●●●●●● could be 0.3pp ●●●●●● in 2014 and 2015, a ●●●●●●ted ●●●●●● of 60 bps. The US and UK are the most ●●●●●●d among MAE due to the large role ●●●●●● by ●●●●●●l ●●●●●●s, with a ●●●●●●ted ●●●●●● of 140 and 80 bps, ●●●●●●●●●●●●. In EMs, the risk ●●●●●●m ●●●●●●ent would be the most ●●●●●●nt, ●●●●●●ting a ●●●●●●ry ●●●●●● ●●●●●●a for those with ●●●●●●lised ●●●●●●l ●●●●●●s ●●●●●●ing Brazil and Russia, while the ●●●●●● would be more ●●●●●●d in China and India. |