* Fed has "disproportionate" impact on emerging economies -Carney
* Poorer nations must ensure central bank independence, curbdebt
* Regulators eyeing redemption terms for illiquid investmentfunds (Adds detail from speech, context)By Stanley White and Leika KiharaTOKYO, June 6 (Reuters) - Central bankers in the UnitedStates and other rich nations should take more account of theimpact their policies have on emerging economies, Bank ofEngland Governor Mark Carney said on Thursday."While it is unrealistic to expect advanced economypolicymakers to internalise fully spillovers from their actionson emerging markets, given their domestic mandates, (their)monetary policies will increasingly need to take account ofspillbacks," he said.The United States only accounted for 15% of global economicoutput, but the U.S. dollar was used in more than half ofinternational trade, and the dollar acted as a monetary anchorfor economies amounting to 70% of global output, Carney said."This means developments in the U.S. have disproportionateinfluence on global economic and financial conditions," he toldbankers at the Institute of International Finance, which ismeeting in Tokyo."When the Fed responds to domestic developments, such as aloosening in fiscal policy, global financial conditions andactivity react strongly. This was the case during both the 2013'taper tantrum' and over the past year, as Fed communicationssignificantly shifted expectations for U.S. monetary policy."Last month Carney said financial markets had priced in toolittle chance of further BoE interest rate rises, assumingBrexit goes smoothly, partly due to global factors pushing downbond yields. Since then, increased U.S.-China trade tensions andcontinued Brexit uncertainty has meant markets now appear tothink the Bank of England is more likely to have to cut ratesover the next year than to raise them. Emerging markets should preserve central bank independence,avoid excessive lending growth and rely less onforeign-denominated debt to prepare for any future downturn,Carney added."Fiscal space will need to be used carefully given ongoingstructural imperatives, the rising risks of global shocks, andthe clear limits of monetary policy," he said.Turkey and South Africa are among countries which havesuffered currency volatility in recent months as foreigninvestors questioned the independence of their central banks.On Wednesday, a faction loyal to South Africa's PresidentCyril Ramaphosa opposed calls from a rival group within theruling ANC party for the country's bank to do more to boostemployment and growth. Carney also warned of the potentially destabilising effectif foreign funds that invested in illiquid emerging market debtsaw a surge in demand for withdrawals from investors.Global regulators were looking at whether funds should berequired to have redemption periods that better matched the timeit would take to sell assets in an orderly way, he said.Several British real estate funds temporarily stoppedinvestors withdrawing money after 2016's Brexit referendum, andthis week a fund focused on British companies, run byhigh-profile investor Neil Woodford, suspended withdrawals. (Writing by David MillikenEditing by William Schomberg and Jon Boyle)