Instead of being apprehensive about Fed tapering, John Lipsky, formerly a senior official with the International Monetary Fund, said the selloff should be seen less as a reaction to stimulus ending, and more for what it says about the global economic outlook. Per The Wall Street Journal:

“Almost certainly, the reason advanced-economy central banks will see a need to reverse their accommodative stance is because of stronger economic performance, and that is going to be beneficial for emerging economies in a way that I think is much more important than potential shifts in monetary policy stance,” Lipsky said.