Capital Flows to Emerging Markets: The Myths and Realities
نویسندگان
چکیده
“...capital account liberalization is...similar to the issue of how the human race should make use of fire. Fire warms our homes. It cooks our food, our internal combustion engines. It powers our automobiles and trucks and our turbojets. It powers our airplanes. No doubt, fire is very useful, and we are not going to give up its manifold benefits. On the other hand, fire can also burn you down and do a great deal of damage” --Michael Mussa (1998)
منابع مشابه
Determinants of Bonanza Episodes and Related Effects on Financial Crises in Emerging Market Countries
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