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The frequency and severity of financial and currency crises in emerging market economies since the mid-1990s have increasingly eroded confidence in the well-functioning of international capital markets. Cross-border currency transactions recorded a spectacular growth, reaching US$ 1500 billion...
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In a report presented at the UN Conference on Financing for Development in March 2002, the World Bank claims that the … policies. This paper argues that the World Bank's success story rests on a weak empirical foundation. The evidence does not … support the view that poverty concerns and policy assessments dominated the distribution of World Bank financing in the 1990s …
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