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1980s saw several financial crises around the world with little lasting impact on the global economy. The second mistake … was a failure to adequately appreciate how inter-connected the world's financial system had become. The fact that the … crisis originated in the advanced world only increased the effect it had on the global economy. The triumph was the …
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safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has …
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