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Introduction

Stiglitz, Joseph E.; G├╝rkaynak, Refet S.

Currency flows have always been a leading policy concern, especially in emerging markets. The long Japanese slump, the ensuing very low interest rates in Japan that have lasted 20 years, and the carry trades this fostered made currency flows a hot topic again, even before the global financial crisis increased liquidity in all developed economies and led to a new wave of currency flows to emerging market economies.

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Also Published In

Title
Taming Capital Flows: Capital Account Management in an Era of Globalization
Publisher
Palgrave Macmillan
DOI
https://doi.org/10.1057/9781137427687_1

More About This Work

Academic Units
Economics
Published Here
April 15, 2019

Notes

Also in IEA Conference Volume No. 154.

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