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WASHINGTON http://www.airmaxshoesonlinecheap.com/ , Sept. 15 (Xinhua) -- The World Bank Tuesday warned of the risk of a large decline in capital flows to emerging economies in the upcoming U.S. monetary policy tightening cycle.

If the tightening cycle were accompanied by a surge in U.S. long-term yields, as happened during the taper tantrum in 2013, the reduction in capital flows to emerging economies could be substantial, according to a new research paper released by the World Bank ahead of this week's meeting by the U.S. Federal Reserve to discuss whether to raise interest rates.

Its research shows a 100 basis point jump in U.S. long-term yields, as occurred during the taper tantrum cheap nike air max
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, could temporarily reduce aggregate capital flows to the emerging markets by up to 2.2 percentage points of their combined gross domestic product (GDP).

Although the paper expected the tightening cycle might be smooth, it still runs a risk of being associated with market volatility, in view of the global economy that is adjusted to weakening growth prospects, slowing international trade and persistently lower commodities prices.

"Risk are compounded by recent spikes in volatility in global financial markets and deteriorating growth prospects in developing economies," said Ayhan Kose cheap nike air max
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"An abrupt change in risk appetite for emerging market assets could become contagious and affect capital flows to many countries," Kose said.

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U.S. economy on steady growth track: Yellen

WASHINGTON, July 15 (Xinhua) -- The Federal Reserve is on track to raise interest rates later this year, as most Fed officials expect the economy to continue to gain growth momentum over the remainder of this year, said Fed chairwoman Janet Yellen on Wednesday.

In her semiannual monetary policy report to Congress cheap
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Failure to ratify IMF reforms to harm U.S. influence: Treasury Secretary

WASHINGTON, March 17 (Xinhua) -- U.S. Treasury Secretary Jacob Lew on Tuesday warned of the risk for eroded U.S. role in international institutions if Congress failed to ratify reforms of related institutions, such as the International Monetary Fund (IMF).

The United States is the only country standing in the way of the IMF reforms cheap air max
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Cyprus is a wonderful place to spend your summer vacation in. The people here are very friendly and the atmosphere here is very conducive towards families. There are various options available here to make your vacation is more pleasant. One of them is to avail the many villas for rent in Cyprus. If renting a villa can make your vacation more enjoyable, then think how much more you would enjoy if you can buy a villa here. This is a kind of investment that provides returns in two ways. First of all it will ensure that you and your family have a place to stay besides renting a room in a hotel and second is that even if you don’t go there you can always rent it to someone else. This means you will get a new source of income.

cheap nike air max shoes ,helvetica,sans-serif;">Of course where you buy your villa is also important. There are places like Protaras and Ayia Napa which are popular among tourists. Since the tourist season varies for different parts of Cyprus. This means People who are willing to avail the villas for rent in Ayia Napa during a certain period of the year, may choose to avail the villas for rent in Protaras during another period of the year. The rent you get from the villa depends on many things including facilities like the swimming pool, the number of bedrooms and how close it is places like the market. People are willing to pay more if the place ample opportunity to enjoy the nightlife and much more.

cheap air max shoes ,sans-serif;">As it is with all investments you should think about the security. The island of Cyprus is a very secure place, but still it would be wise to have someone check-in now and again. This will cost you money and may not be worth if the villa is not rented often. Thus buying a villa in a very popular tourist part in Cyprus would be advisable.

About the Author
Hailee Nadine is a holiday expert who can suggest you an unbeatable selection of quality holiday apartments especially in Protaras and Ayia Napa. She has written various articles on Villas for rent in Cyprus.

One of the best mortgage refinancing options could be the FHA refinance home loan since it neither requires a perfect credit nor any huge down payment. Therefore, if your credit is bad and you are faced with a possible foreclosure cheap nike air max , you have the chance to lower your monthly payments and save your home from getting foreclosed. Many homeowners during the present times, who have been struggling to deal with their mortgage debts, could be looking to refinance existing mortgages. Such borrowers could find viable home refinancing alternatives with the FHA. If you too are one of them, here is some crucial information which could guide you in your effort.

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