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Emerging-economy crisis cycle may have ended, but...
Published Wed, Aug 29, 2018 · 09:50 PM
Bogota
Crises are nothing new for emerging economies, which have repeated the same patterns again and again, with often-devastating results. But have those patterns finally been broken?
Emerging economies have experienced boom-bust cycles in external financing for decades. The boom phase generates current-account, fiscal, and private-sector deficits - outcomes that are compounded by increases in domestic financing.
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