WASHINGTON, D.C.: The panics of the past two years in emerging markets have driven home many lessons about the global economy. It is now all too clear that in a world of interwoven financial markets and potentially destabilizing capital flows, there is a greater risk than ever that a crisis in one country will trigger crises elsewhere.
WASHINGTON, D.C.: The panics of the past two years in emerging markets have driven home many lessons about the global economy. It is now all too clear that in a world of interwoven financial markets and potentially destabilizing capital flows, there is a greater risk than ever that a crisis in one country will trigger crises elsewhere.