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Playing with Fire: deepened financial integration and changing vulnerabilities of the Global South

Resources - Author: Yilmaz Akyüz / Year: 2017

From the early 1990s many emerging and developing economies (EDEs) liberalized their capital accounts, allowing greater freedom for international lenders and investors to enter their markets, as well as for their residents to operate in international financial markets. Despite recurrent crises, liberalization has accelerated in the new millennium. Global...

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