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markets. "--World Bank web site …
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The sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher … in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The … Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them …
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Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability and...
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