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Capital Flows and Financial Crises

Saturday, October 15, 2016 9:57
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by Joseph Joyce Capital Flows and Financial Crises The impact of capital flows on the incidence of financial crises has been recognized since the Asian crisis of 1997-98. Inflows before the crisis contributed to the expansion of domestic credit and asset booms, while the liabilities they created escalated in value once central banks abandoned their […]

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