Financial policies and the prevention of financial crises in emerging market economies

Financial policies and the prevention of financial crises in emerging market economies

by Frederic S. Mishkin

Part of Policy research working paper ;

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In recent years we have seen a growing number of banking and financial crises in emerging market countries, with great costs to their economies. But we now have a much better understanding of why these crises occur and a better idea how they can be prevented.

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