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Handbook of Safeguarding Global Financial Stability by Gerard Caprio

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Chapter 2

Emerging Markets Politics and Financial Institutions

A. Abiad

International Monetary Fund, Washington (DC), USA

Outline

Over the past 30 years, there has been a strong push across many countries toward financial liberalization – both in the matter of opening up the domestic financial sector to market forces and removing restrictions on inflows and outflows of international capital. But these movements toward greater liberalization also differ considerably ...

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