IMF readies for further danger signals in emerging markets

With Asian equity markets tumbling on Thursday morning, Christine Lagarde, the head of the IMF, used her pulpit at a Balinese beachside conference centre to deliver some marching orders to economic policymakers in emerging markets. 

They should, she said, “use all the tools” at their disposal to stem the capital outflows that would inevitably be triggered by tightening monetary policy in the US, and the escalating trade war between the US and China.