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’ volatility, through spillover effects, into economic and financial crisis and social anomy. What fuels the wildfire does not …
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The crisis itself was caused by several factors whose relative importance will be debated for years. But whatever the … human costs of the crisis. Policymakers should focus on how to correct deficiencies in the financial architecture that have … contributed to the outbreak of the crisis. When reforms are implemented, it is important not only aim to create a stable financial …
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pressure groups scenario, all of the three being the perfect recipe for a crisis, as the most recent has just demonstrated. I … perspective on how not to act if a crisis and of what to expect if doing so. We have examples in the past, we only need to open …
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(indicator of crisis or financial vulnerability) would be associated with capital outflows, drops in the terms of trade …
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lessons from the recent crisis finding that SEE economies shared broadly the same development model and problems by benefiting …
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The current paradigm concedes a passive role to monetary policy on economic development. In fact, the almost exclusive objectives of moderating economic cyclical fluctuations and achieving price stability (in the short-, medium- and longterm) are considered the (only) means by which the central...
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