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particular, it is widely acknowledged to have been a major driver of the strong income growth and reduction in poverty witnessed … growing support for inward looking policies in many parts of the world. Against this backdrop, this volume takes stock of the …
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Emerging market central banks have a long history of using macroprudential instruments. But while most central banks carry a heavy responsibility for financial stability, legal objectives are generally vague, do not define success or failure, and say nothing about competing objectives. This...
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