HONG KONG -- To better cope with the declining global investment appetite amid growing economic uncertainty, emerging markets should aim for a stable macroeconomy and well-communicated monetary policy, Bank Indonesia Deputy Gov. Hendar told the Asian Financial Forum here Tuesday.
The tightening of U.S. monetary policy, China's cooling economy and the collapse of commodity and oil prices have triggered a massive capital flight from emerging markets, and central bankers should take the lead in halting this trend, he said.
