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Analysts broadly agree on the causes of recent crises in East Asia. Nevertheless, deep controversy exists on … have important repercussions on countries within and outside Asia. Risks for the world economy as a whole tend to be …
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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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Germany's role in financing economic development in Asia on a sustainable basis leaves much to be desired. Direct …
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