Managing Capital Flows and Exchange Rates
Edited by Dongsoo Kang and Andrew Mason
Chapter 3: Business and financial cycles in emerging markets: lessons for macroprudential policies
3. Business and financial cycles in emerging markets: lessons for macroprudential policies Stijn Claessens and Swati R. Ghosh* INTRODUCTION The global financial crisis that began in 2008 highlighted the high costs of financial crises. It started a...
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