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This book aims to integrate the notions of contagion in epidemiology and contagion in financial market crises to discover why emerging markets are so susceptible to financial crises. The author first provides a brief introduction of the contagious spill-over of recent financial market crises and...
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the developing world and an exploration of its effects on those countries, particularly on each one's economic management … economies into the world economy. This well-integrated compilation of both original case studies and thematic essays will be of … socio-economic developments in the wider world. Aid workers, policy makers, and social science researchers will also find …
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Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking--crises. This paper addresses four questions: What are the fiscal causes of crises? Which fiscal vulnerability indicators help to predict crises? Can fiscal variables explain the...
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