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The experience of the EFSD in the last 10 years has raised important questions about the developmental role an RFA could play for low income or less-developed countries. Even though other RFAs do not have a development mandate, the EFSD’s operational model inspires the RFAs to reflect on their...
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sophisticated approach to implementation.A paradigmatic example of regulatory dualism is offered by Brazil's “New Market” (Novo … regulatory dualism as a strategy for capital market reform is not unique to Brazil, nor is it suited just to developing countries …
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