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The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulatory safeguards. Even though the...
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This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in …
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based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing …
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