For that reason, this year's FPC 'stress test' of the UK banking system included an assessment of the resilience of our seven biggest banks to a severe downturn in emerging market economies
dollar jumped close to 5% on a trade-weighted basis, with most of this coming against emerging market economies
Despite the fact that the relative importance of the emerging market economies
had substantially increased over the previous two decades and that those economies now accounted for close to half of the world's output, there had been little adjustment to their IMF quotas.
Demographic factors are likely to act as a brake on growth in many advanced and emerging market economies
, as populations age and workers retire," the report said.
Dr Mayaram reminded the dignitaries present at the meeting that back in the year 2008, at the Washington Summit, it was agreed to that a broader policy response is needed, based on closer macroeconomic cooperation, to restore growth, avoid negative spillovers and support emerging market economies
and developing countries.
In other emerging market economies
, weaker-than-projected growth resulted both from weaker external demand, notably from the United States and China, and, in a number of cases, softer domestic demand with weaker investment growth.
The outlook has improved mainly in the advanced economies, and especially the United States, but is disappointing in the Euro Area and Japan and has deteriorated in some of the emerging market economies
The emerging market economies
, however, continue to account for the bulk of global growth.
The finger of blame can be pointed squarely at companies with big exposures to emerging market economies
, and to the mining sector in particular.
The IMF also warned that, "Unemployment will remain unacceptably high in many advanced economies as well as in various emerging market economies
, notably those in the Middle East and North Africa.
They are set to rise in emerging market economies
in 2013-14 relative to previous projections, mainly driven by higher levels of maturing debt.
The request comes as emerging market economies
continue to battle higher volatility in capital flows and exchange rates, and are seen struggling to boost sluggish growth, battered in the aftermath of the financial crisis.