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The global crisis of 2008-09 went in hand with sharp fluctuations in capital flows. To some extent, these fluctuations may have been attributable to uncertainty-averse investors indiscriminately selling assets about which they had poor information, including those in geographically distant...
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What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these … fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and …
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