The International Monetary Fund said in emerging market economies, the fear of letting the exchange rate fluctuate and lack of monetary policy accommodation magnify the increase in the current account. The International Monetary Fund said for every 10 percent of US dollar appreciation linked to global financial market forces, emerging market economies faced a gross domestic product (GDP) output decline of 1.9 percent after one year. The international financial institution also said that US dollar appreciations impact the current account, which captures the change in saving-investment balances of countries. Do you think that US hegemony is contributing to the collapsing economies ?

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