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Benefits and Costs of International Financial Integration

by Pierre-Richard Agénor

📖 The Scoop

This literature review joins with recent studies in arguing that financial integration must be carefully prepared and managed to ensure that the benefits outweigh the short-run risks. But in contrast with some other studies, it adopts a more skeptical view of the benefits of capital flows other than foreign direct investment.

Genre: No Category (fancy, right?)

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