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consolidation on economies that are tightening and the flow-on effects to the world economy. The other debate is how much tightening … individual countries as well as the world as a whole. Where the government fiscal stimulus was seen as necessary to restore … consolidation in the industrial world that is not accompanied by US actions is likely to lead to a substantial worsening of trade …
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Cross-border capital flows are expected to lead to increased international risk sharing by facilitating borrowing and lending in global financial markets. This paper examines risk-sharing outcomes of various types of capital flows (foreign direct investment, portfolio equity, debt, remittance,...
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