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Marek Belka
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Entries by Marek Belka

Managing Large Capital Flows

(14) Comments | Posted February 19, 2010 | 3:27 PM

Conventional wisdom has been that capital flows are a blessing to emerging economies, bringing needed funds to countries where investments are most productive. But if history is any guide, capital flows have proven to be highly volatile--surging in good times and collapsing in gloomy ones.

The global financial crisis has...

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