Central banks have powerful tools to affect national economies but they are being challenged by innovative financial practices
Irfan A. Qureshi
Irfan Qureshi contributes to macroeconomic surveillance, monitoring, and research while working for ADB’s flagship publication, Asian Development Outlook (ADO). His research interests include financial market development, macroeconomic policy, and nowcasting. His research has been published in academic journals on topics relating to monetary policy and debt dynamics in emerging markets. Irfan joined ADB as a Young Professional, first in ADB’s Economic Research and Regional Cooperation Department, then in the Public Management, Financial Sector, and Trade Division in the Central and West Asia Department (CWRD). He obtained his PhD in Economics from the University of Warwick, United Kingdom.
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After 500 days of trade conflict, policy uncertainty is growing worldwide and the negative effects are being felt.
Major news events, as well as monetary policy uncertainties in the United States, have a significant impact on Asian currencies, but not in the way that some might expect.