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international asset positions now dwarfing output, global portfolio allocations and reallocations have profound effects on the world …
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system, underscoring the value of a GFSN design that is effective in forestalling the risk that a localized liquidity shock …
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The COVID-19 pandemic has created severe disruption in the global financial system, with many emerging market and developing countries (EMDCs) facing liquidity shortages. In the context of intensified demand for liquidity and heightened global uncertainty, staff has revisited the 2017 proposal...
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