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Focusing on the dynamics of capital flows, this book explores their rapid growth and significant impact on emerging markets. It assesses the benefits and drawbacks of volatile capital movements, highlighting the risks of currency crises in developing nations like Mexico and East Asia. By integrating economic theory, the author offers innovative strategies for national governments and international organizations to mitigate these crises and enhance financial stability.
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Global Capital Flows, Stephany Griffith-Jones
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- 1998
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