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makers around the world have to face a new environment. The resulting capital flows in emerging market economies were huge … and volatile. These flows have been intermediated through the banking sector (Phase One), and through the capital market … capital flows. The analysis in this monograph expands on the implications of such a trend for emerging Asia, where financial …
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Asia is on the rise with increasing significance in the global economy. In parallel, regional cooperation and integration is becoming stronger, bringing both benefits and costs. The region is diverse, and so are the challenges that must be overcome to achieve greater trade and financial...
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